What do people think about alt coins? V.1 [discussion]

Yes sometimes this works till you get stuck at a bad spot

 

anyone loving that chainlink?

 

ATOM yes or nah? saw coin bureau vid, seems Guy seems authoritative and high on coin.

 

So Elevate $LVT was a rug pull. Lost my $6. I am not going back to the CryptoMoonShot reddit forum

 

That place is crazy, like a seedy alley with a bunch of greasy types throwing dice in a corner next to a dead dog.

 

I’m not suggesting it will 10x or anyone should buy it over something else. It’s been well off its highs for a couple months, and parachain auctions, dapp launches finally happening are a nice catalyst to restart an up trend. Once a chain goes live, launches dapps, proves its viability and starts generating fees it becomes much more valuable.

It takes giant capital inflow to 2x any large cap. But that’s what happens in bull markets. You don’t think eth, sol, uni, vet, and so on can 2x in this market?

 

reddit is pretty terrible for crypto. Best places to hang around are Twitter (moreso developers and fund manager types than retail traders) and project specific discord groups. Unless you’re looking for the next 100x scamcoin, in that case TikTok seems to be where that stuff is starting.

 

Yes. What’s not to love about the oracle used by just about every legit defi platform across all chains? Great team, always improving, solid fee collection/revenue structure.

Btw, exchange reserves totally bottomed out right now = supply low. Good a time to buy as any imo.

 

2.5x my initial buy. sold a little around $2.35 but plan to hold the majority. 70% of it is staked so don't see it crashing but see a dip to 1.90-2.05 range.

waiting for monday. to get back into a couple others.

 

Never seen a sh!tcoin flush $2m a day as a deflationary device like this before. This is one serious kitty:

 

I really don't think we are in a bull environment anymore short-term, like I said yesterday.

BTC already slowed down and Elon is out for blood, hence why we are seeing 45k BTC right now. Don't see a top coin doing a 2x soon.

 

Cool I don’t expect large caps to 2x in a matter of weeks or anything either. Most things are drawing down right down, but zooming out this is still a macro bull, thus it’s still a buy good setups environment for me.

 

Maybe I'm in the minority on this, but I think Reddit is great for finding cryptos and then going to research about them. If you want to research something, you kind of have to know they exist and some shills on Reddit at least let you know something exists. After that, I tend to go to their sites or subreddits, discords, etc. to see what's going on with them.

 

Will somebody explain the downside of using BlocFi to hold money in a savings account as USDT. The APY is +8% which is obviously higher than any CD or money market acct.

 

They are not FDIC insured. You're at risk of a liquidity crisis, whether is market related or poor management of assets from Blockfi/Gemini.

It's one of the safest ways and for smaller amounts, it's pretty safe. I wouldn't put my life savings in it.