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

Discussion in 'BBS Hangout' started by LosPollosHermanos, Apr 10, 2021.

  1. white lightning

    white lightning Contributing Member

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    Just got my account set up to buy crypto. I am more of a long term holder than a day trader. What would be your portfolio recommendations? Maybe 4 or 5 coins tops with % of each. Thanks for the ideas, I enjoy reading this thread.
     
  2. LosPollosHermanos

    LosPollosHermanos Pay tucker
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    Btc, ethi, ADA, BNB

    should see long term gains with those . Don’t dabble too much in the alts at the beginning. You probably won’t lose money since outside of this week it’s been a crazy run
     
    white lightning likes this.
  3. LosPollosHermanos

    LosPollosHermanos Pay tucker
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    Hope you guys got in too.

    so as a lot of people know safemoon is the new craze. Only way to get it Is through Bnb. Gonna hit 1K in another month imo.

    the buys, then the subsequent sell offs
     
  4. Space Ghost

    Space Ghost Contributing Member

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    60% BTC and ETH blend. 20% promising alts like VET and BNB. 15% high speculative. 5% on meme coins.
     
  5. white lightning

    white lightning Contributing Member

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    Thanks for this. Was thinking mostly about BTC and ETH but not as familiar with some of the others.
     
  6. white lightning

    white lightning Contributing Member

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    ADA definitely on the list. Just not sure how to weight everything yet. Thinking of dropping 5% of retirement fund into crypto.
     
  7. astrosrule

    astrosrule Member

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    Not familiar at all with those, don't see them on the platforms i use. Where do you get those?
     
  8. Asian Sensation

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    Safemoon! Holy ****ing ****!
     
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  9. dachuda86

    dachuda86 Member

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    Doge Day was a bust if you looked at it as a quick pump ON that day. But we saw it stabilize nicely at about .3 ahead of where it was less than a week ago. As a longer Holder, I'm happy with the results -- of course I didn't go in hard on Doge Day. Most of the pump happened on April 19 before in anticipation actually and by then it had dumped a bit. I expect much gains in the future though. Keep hodling friends.
     
  10. saitou

    saitou Running Out of Toes
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    Is monero still the king of privacy coins or has it been overtaken? Any other good privacy coins to consider?
     
  11. Xerobull

    Xerobull Salve Dicit Mater Tua
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    Good article on Helium (HNT) hotspots/miners:

    How I made $10,000 providing part of Helium’s IoT network

    APRIL 20, 2021 BY STACEY HIGGINBOTHAMLEAVE A COMMENT

    Last month, I finally got into the crypto craze. I was dragged into it thanks to my readers along with a large number of commenters on my Helium hotspot post from 11 months ago. It turns out the Helium hotspot that has sat on my windowsill for a little more than a year helpfully providing a LoRa network to anyone within range has also been mining Helium Network Tokens (HNT), which are now worth real money.

    I knew it was mining those tokens to create an incentive for people to buy the hotspots and provide more network coverage. I wrote at least two articles on the topic, and was excited by the way Helium was rethinking the economics of a wide area network.

    [​IMG]
    This is one of the original Helium hotspots. Now companies such as Nebra, Bobcat, and CalChip sell hotspots that work on the Helium network so Helium doesn’t have to. Image courtesy of Helium.
    What I hadn’t been focused on were the tokens themselves. Yes, I vaguely tracked the debates taking place in various forums about how tokens were mined and potential forks in the code, but I was operating the hotspot as a grand experiment in IoT networks, not for any hope of future value.

    Then last month, after people kept emailing me about HNTs and seeing that the routers were all sold out, I took a closer look at the app. In doing so, I noticed an update that offered me the chance to convert my HNTs to a dollar figure, so I clicked it. And all of a sudden those 1,100+ HNTs turned into $10,876 and some change. (They fluctuate, like all cryptocurrencies. As of Thursday evening, 1,100 HNT are worth $16,500.)

    When I told to Kevin about this, at first he laughed at me. Then he told me how I could turn that imaginary Helium money into actual cash. Y’all may roll your eyes, but I can explain what the blockchain is and even understand the concepts behind mining. And yet, for me, the blockchain is best used for building trust and accountability between machines, whereas the entire cryptocurrency market is merely a digression.

    Indeed, the market for cryptocurrencies has always struck me as less about tech and more about day trading. I’ve got nothing against it, but it’s not something I’m eager to latch onto, either. Or rather, I didn’t used to be. But with potentially $10,000 in found money from a LoRaWAN hotspot, I decided to open a Binance account and see if I could turn those HNTs into cold hard cash.

    In the process, I stumbled upon a Reddit thread full of people asking how to capitalize on the apparent rise in the value of HNTs. There were two classes of poster: the miners, and those who buy and resell HNTs as the price rises. A class of miners was strategizing where they should place their hotspots and how many hotspots would saturate an area, leading to slower mining of HNTs. Someone had also posted about trying to cover a wider area by placing the hotspot on a flagpole on a hill.

    I was searching the post replies for a retired network engineer to explain how water, mountains, buildings, and other RF nemeses would affect the HNTs’ earnings potential. It was like watching network optimization driven by day traders — surreal and kind of wonderful.

    At some point, after realizing that I had the potential for real money sitting in my app, I showed it to my husband, a man who in college in the late 90s would go to yard sales to pick up old beer signs and resell them on eBay in one of the first efforts at internet arbitrage. He’s someone who can spot an opportunity.

    He looked at the volatility in the HNT market and raced up to my office to tell me exactly when to trade those HNTs I had moved into Binance for cash. We ended up transferring about 700 HNTs into the platform and converting 600 or so to cash. We then transferred $5,000 (which was the limit at the time) to our bank.

    We subsequently moved additional HNTs over to Binance, where we’d convert them when the price of a token rose to $20. When our conversions reached $5,000, we took that out and left the rest, with some of the HNTs in Binance and the rest in the Helium app. The price of HNTs has since fallen to around $15 each. I currently have about 450 of them, with a few more getting mined each day.

    I was bemused by the whole experience. I had turned my nerdy thrill of hosting a public LoRa hotspot into $10,000 and based on the current price of HNTs, stand to make about $5,000 more — all while my hotspot keeps on mining additional HNTs. It’s like finding money on the sidewalk.

    But I still can’t say why these tokens are rising in value. The idea is that customers who want to use the Helium network of public hotspots use HNTs to buy data credits on the network. A data credit is worth $0.00001, which means that $1 gets you 10,000 data credits. When an HNT buys a data credit, the HNT is burned, so as people use the network and buy more data credits, the overall number of HNTs could drop (although more are continuously being mined).

    A data credit is worth a packet of data on the network (roughly 24 bytes), which is enough to send a GPS location, time, and temperature, or another bit of data. If you had a sensor transmit every five minutes, the year-round cost would be $1.05 on the Helium network.

    Customers are already using the network. A company that makes mousetraps has decided to connect its products using Helium, while a university is using it to building connected products for the school and students.

    Frank Mong, the COO of Helium, can’t explain the fluctuations in HNTs, but he’s thrilled to see all the excitement around setting up hotspots. Every time someone sets up a hotspot to mine the tokens, Helium gains another geographic area with LoRa coverage. In other words, Helium’s original idea for setting up a low-cost network for IoT devices is finally working.

    “We are getting closer to our dream of creating the right kind of tools to connect sensors in a low-cost and open manner,” Mong told me. “And this incentive structure using cryptocurrency could be bigger than LoRaWAN.”

    If you want to get involved with the crazy world of network crypto, be aware that because of the global chip shortage and high demand, there is currently a back order of 150,000 hotspots. But if you’re like me and want to provide network coverage for a burgeoning IoT network — and maybe pick up a bit of cash as everyone dives into cryptocurrencies — I can think of worse ways to spend the roughly $400 it costs to buy a hotspot.
     
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  12. Space Ghost

    Space Ghost Contributing Member

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    I haven't come across much talk about privacy coins. I dont think there are any exchanges that require KYC are listing privacy coins.
     
    Invisible Fan and saitou like this.
  13. dachuda86

    dachuda86 Member

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    How do you buy it? Seems hard to get.
     
  14. Joshfast

    Joshfast "We're all gonna die" - Billy Sole
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    Zcash is the other big privacy coin but, it's not as private.
     
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  15. Asian Sensation

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  16. Xerobull

    Xerobull Salve Dicit Mater Tua
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    Our 5 Favorite Crypto Research Tools
    Token Metrics, Into The Cryptoverse, CryptoQuant, Google Trends, TradingView
    [​IMG]

    Edge Invests

    8 hours ago·4 min read

    [​IMG]
    [​IMG]
    In crypto you always hear, “Do Your Own Research.”

    But what does this mean when we see DYOR?

    Are there any crypto tools for more effective research?

    We’re glad you asked, because that is today’s topic.

    These are some of the best tips as provided by our community.

    We look at our favorite research tools for informed buying and selling decisions.

    1. Token Metrics: (For Individual Asset Analysis Like a Pro)
    [​IMG]
    [​IMG]
    Recently featured on the top crypto people to follow, Token Metrics offers cryptos’ most comprehensive analysis platform.

    Their analysis system is a tool we use, offering access to real-time analysis custom tailored to one’s individual strategy and goals.

    Every industry has its “benchmark,” setting the industry standard, and we feel Token Metrics carries this flag.

    Through the constantly improving Token Metrics AI, an array of valuable predictive analytics is just a few clicks away.

    Whether looking for the best swing trade, or long-term hold, get Token Metrics right NOW!

    2. Into The Cryptoverse: (For Risk Management)
    [​IMG]
    [​IMG]
    Also featured on our favorite crypto influencers, this excel sheet-based analytics, provides superior crypto risk analysis.

    Using proprietary metrics, Ben Cowen, PhD, and his Into the Cryptoverse Membership empowers one to make informed decisions based on buying when the risk is low, and selling when the risk is high.

    In stressing no one can time the market, instead Ben delivers a non-emotional lens to see the market.

    Devoid of emotions, one can consider risk-adjusted returns through analysis tailored to their own risk tolerance.

    Using realistic assessments based on technical analysis, and large caps only, the Into the Cryptoverse membership allows one to zone in on the blue chips more than ever before.

    3. Crypto Quant: (For Overall Market Sentiment)
    [​IMG]
    [​IMG]
    As no one can time the market per se, it’s helpful to know when the market sentiment shifts.

    We need to be reminded of the famous Warren Buffett quote on not following the herd.

    And while this is not a perfect model, it can be very useful much more often than not to understand the public market opinion.

    CryptoQuant.com looks at general market sentiment before pulling that once awaited trigger.

    If the market is trending down, your token might as well.

    Their site and powerful Telegram alert channel gives you “Whale Alerts,” tipping you off sometimes a couple days ahead of a monster dump.

    4. Google Crypto Trends: (For Measuring Community Support)
    [​IMG]
    [​IMG]
    In the screenshot above, you can see we compare Ethereum vs DOT vs Cardano in terms of community followers.

    Google trends is a valuable tool, showing what type of interest is supporting a project.

    Clearly you can see the value lies in comparing competitors over time.

    The relative worth of analyzing competitors can reveal invaluable insight supporting whether an asset can capture momentum.

    5. Trading View: (For Following Big Daddy Bitcoin and Others)
    [​IMG]
    [​IMG]
    If you want to know what could happen to your coin, you’ve got to Follow Big Daddy Bitcoin.

    TradingView has some of the best charts and analysis on Bitcoin and other assets.

    An essential investor tool, Trading View allows for the real-time charting and tracking of all listed assets.

    Final Conclusions
    [​IMG]
    [​IMG]
    We want to know what YOU think?

    What is your favorite crypto research tool?
     
  17. LosPollosHermanos

    LosPollosHermanos Pay tucker
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    Be careful before you get safemoon
     
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  18. Dr of Dunk

    Dr of Dunk Clutch Crew

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    lol
     
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  19. Asian Sensation

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    It says safe!
     
    saitou and LosPollosHermanos like this.
  20. AWIN

    AWIN Member

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    Nothing to see here, prob just some people getting lucky and YOLOing into another sh$t coin

     

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