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

Enjoying this COMP rise!

 

ETH looking like it’ll hit 3k today!

 

Aw, that's cute. I hate to tell you, but during this run, lots of people have lost and lots have won buying and selling and holding. In the real world, everybody doesn't win. But you do hear from them when they do.

 

Amateur day traders and speculators often lose their asses and tend to have a negative view of crypto. TA is often useless.

Fundamentalist tend to do better. They wont go all in on obvious **** coins nor will they sell their gains when everything just keeps going up.

 

What fundamentals? Its not like google or apple with a balance sheet. Its 1 and 0 on someones drive. Crypto is basically whatever they they think its worth.

 

Crypto is not on 'someones' drive anymore than saying your money is stored on a piece of paper that you write your password on. Crypto is not a single definition of some sort. At best, its just storing a perceived valued asset with a cryptographic key. Your bank does the same thing as does your email and anything else that encrypts data, including your data traffic across the internet. The novelty is censor resistance

Yes, there are fundamentals, just like apple and google had fundamentals the moment their idea came into existence.

Bitcoin is as basic of a balance sheet as you can get. Fundamentals do apply despite you not understanding them.

 

The original NFT

 

I'm not exactly sure what you're trying to say here, so I might be misinterpreting you, but Bitcoin doesn't really have fundamentals in the same way as Apple or Google.

In a company like Apple, you're buying an expected future profit stream. If no one wanted Apple anymore, the stock price would crash, but you would then be able to buy that future income at a cheaper price, meaning a greater return. If you magically owned all of Apple, you would be making billions in profits every year - that's where it derives its value. If we knew Apple would never make a profit again, it's value would drop to the liquidation value of its assets.

Bitcoin has no such thing supporting its valuation. Some other cryptos do, depending on their tokenomics. For example, some tokens derive revenue from transactions, and that revenue becomes a part of the token in some form or other. Or liquidity pool tokens actually contain a pair of currencies - and some like USDC are backed by and can be converted to dollars, so as long as that's true, that contains actual value and the token can be valued by its liquidation value + future expected income generation. But most cryptos, including Bitcoin, are no different than super-tradable gold or cabbage patch kids or tulips, and are subject to all the same market forces. If no one wants them, they have no inherent value.

 

I didn't bring up traditional stocks. I was stating in the very early stages of any company, there are still fundamentals, even if the company generates revenues outside of its external market expectations. Tesla is viewed as a car company when realistically it generates its revenues from creative investment/revenues. All the big tech companies did the same. Amazon and Facebook did the same. There is a gulf of a difference between gambling and investing with plenty of gray in between.

Bitcoin is the opposite of a centralized company and fits closer to gold. There are still fundamentals even if people dont understand them. Why would anyone take a tulip over a cabbage patch doll, or that over gold, or gold over bitcoin? Sure, cases can be made, but not to the masses.

Same applies for defi. It works until it doesn't work, like anything else. If you're holding a liquidity pool token, regardless of what its called and it dries up, you have nothing.

As we discussed years ago, the big question has always been the speculation where this is headed. You have been in the Keynesian camp and I've always leaned towards the Austrian side. Crypto will naturally absorb both sides if not create its own theory.

 

its cute that you think its cute..
literally everyone is winning and then theres you lol

good one dude
smh

yawn

 

Hit 4x last night.

 

It’s even cuter that you think I’m not in crypto and gave me a “good one” with an “smh” and then fell asleep!

 

You need a binance.com account.

Find someone you trust from another country and have them do the address verification (KYC)

 

I dont think anything or care but you sound like a real turd lol

only a chump can have a frown face while this is all going so well for everyone but you do you .as i say good job while i laugh at you directly to your sorry ass...i already cashed out and am up huge all gravy baby!

Thank you my friend, but I am all very comfortable up here. Yes, indeed. I am all very quite comfortable up here



Keep hope alive
NEXT

 

You sound insecure. That's not good.

 

haha I will be fine thank you for your concern.

you bore me instantly ...but just remember folks - you are that guy that wants people to lose when its going well. Love it main!

THINGS ARE GONNA CHANGE I CAN FEEL IT

 

Great. Now you're going to get the FBI, CIA, PRC, PETA, and S.H.I.E.L.D. tracking him. Nice job.

 

Im a noob so I am having a hard time buying Altura. I cant open a Binance account since I am in Tejas.

So the other option is to buy it from PancakeSwap. Once on the PanCakeSwap web site I have to connect my wallet. I chose to make a TrustWallet. In TrustWallet I am trying to purchase BNB since I have to have BNB to purchase Altura. When trying to purchase BNB through TrustWallet you have to use Simplex and 2 of my credit cards and 1 debit card are not going through on the Simplex web site. Two Chase Visa cards and one BOA Visa Debit card. I called both companies and they claim crypto purchases are banned.

I see some people mentioning Paybis on Reddit. I signed up for a Paybis account and I am trying to buy BNB on their web site but am having a hard time doing that also. I am copying and pasting the address from my TrustWallet and pasting into the Binance Coin wallet address field but am getting an error message, "Not a valid Ethereum address."

Im spoke to some people here in Tejas and they say that they used their debit cards to purchase BNB on TrustWallet and it went through immediately. I honestly dont know what to do next.