1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

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

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

  1. Yung-T

    Yung-T Member

    Joined:
    Apr 16, 2009
    Messages:
    23,298
    Likes Received:
    5,495
    It's already been talked about a lot, rank 78 and 1bil cap, so wouldn't call it sleeping exactly. :p

    Interesting project though, has some room to rise.
     
  2. LosPollosHermanos

    LosPollosHermanos Pay tucker
    Supporting Member

    Joined:
    Aug 25, 2009
    Messages:
    26,250
    Likes Received:
    10,019
    Relatively in terms of what people talk about for ADA and the fact that already doing what the former is proposing to do. I wouldn’t say a ton of people in the crypto world know about it. 1 bil market isn’t much in crypto world

    genuinely curious since you know more than me, why “some room”? I think at a minimum reaches algo and similar coin market cap..
     
    #882 LosPollosHermanos, Jun 3, 2021
    Last edited: Jun 3, 2021
  3. saitou

    saitou J Only Fan
    Supporting Member

    Joined:
    Jul 20, 2003
    Messages:
    3,163
    Likes Received:
    1,331
    CUMMIES up 220% on elon tweets. makes me want to sell all my stocks and just wait for the next elon tweet.
     
    LosPollosHermanos likes this.
  4. LosPollosHermanos

    LosPollosHermanos Pay tucker
    Supporting Member

    Joined:
    Aug 25, 2009
    Messages:
    26,250
    Likes Received:
    10,019
    What a pos
     
    saitou likes this.
  5. daywalker02

    daywalker02 Easter Egg Hunter - Tell me why? نحن عائلة

    Joined:
    Jul 17, 2006
    Messages:
    64,254
    Likes Received:
    23,186
  6. cheke64

    cheke64 Member

    Joined:
    May 12, 2009
    Messages:
    18,669
    Likes Received:
    7,344
    Hey man I was suppose to join the chat but I've been busy working 7 days a week learning mri physics. I'll get in soon. Yall still doing it right?
    @IBTL
     
  7. IBTL

    IBTL Member

    Joined:
    Nov 22, 2010
    Messages:
    6,786
    Likes Received:
    6,824
    I thought you were in already
     
  8. saitou

    saitou J Only Fan
    Supporting Member

    Joined:
    Jul 20, 2003
    Messages:
    3,163
    Likes Received:
    1,331
    i've been looking at solana - could it be the real eth killer? quite a few promising projects on it, even usdc.
     
  9. Space Ghost

    Space Ghost Contributing Member

    Joined:
    Feb 14, 1999
    Messages:
    11,789
    Likes Received:
    4,030
    Bitcoin is in a league of its own.
    Ethereum is in a league of its own.

    None of these smart contract platforms are truly competing against Ethereum. Now there are shitcoin platforms like EOS and Tron, and IMO, Cardano. Polkadot and Solana could amount to something. They are both too new to make judgement at this time.
     
    saitou likes this.
  10. KingCheetah

    KingCheetah Contributing Member

    Joined:
    Jun 3, 2002
    Messages:
    48,550
    Likes Received:
    34,256
  11. LosPollosHermanos

    LosPollosHermanos Pay tucker
    Supporting Member

    Joined:
    Aug 25, 2009
    Messages:
    26,250
    Likes Received:
    10,019
  12. IBTL

    IBTL Member

    Joined:
    Nov 22, 2010
    Messages:
    6,786
    Likes Received:
    6,824
    With all this tanking happening how does cf feel about it being a storage spot going forward?

    I thought to move some there as much as a way to park money as any..so storage and some win maybe between now and say oct 31?

    Yes ? No?
     
  13. LosPollosHermanos

    LosPollosHermanos Pay tucker
    Supporting Member

    Joined:
    Aug 25, 2009
    Messages:
    26,250
    Likes Received:
    10,019
    What you axing bro
     
  14. saitou

    saitou J Only Fan
    Supporting Member

    Joined:
    Jul 20, 2003
    Messages:
    3,163
    Likes Received:
    1,331
    Do any of you'll stake stable coins as an alternative to holding cash in a bank account for yield? Is there a safe option for doing this, or is it a high risk/high yield type of affair? Advice on where/how?
     
  15. IBTL

    IBTL Member

    Joined:
    Nov 22, 2010
    Messages:
    6,786
    Likes Received:
    6,824
    Since coins are down.. instead of holding cash in bank how do you feel about it in bitcoin,eth starting now
     
  16. Space Ghost

    Space Ghost Contributing Member

    Joined:
    Feb 14, 1999
    Messages:
    11,789
    Likes Received:
    4,030
    Ammature traders make the mistake on not having an exit strategy. No exit strategy is basically gambling. Bitcoin is a 4 year hold cycle, and since the entire crypto market is tied to BTC, the same applies to alts also. Shitcoins get washed away during this cycle.

    That said, if a new person comes to me asking about investing in Bitcoin, I first ask them are they looking to trade, invest or gamble. I explain to them if they are not going to hold BTC for 4 years (never trading), then they are better off getting advice from random shitcoin pump channels on youtube.
     
    Invisible Fan, IBTL and DonnyMost like this.
  17. DonnyMost

    DonnyMost clean your room bucko
    Supporting Member

    Joined:
    May 18, 2003
    Messages:
    42,908
    Likes Received:
    9,809
    Exactly.

    My first go-round with crypto was a disaster. I bought in during the hype of the 2017 bull run and lost my shirt during the downturn when I panic sold.

    About a year after that fiasco I went back in more cautious and eyes wide open. Four years later my investment changed my life forever by helping me buy a home for my family.

    Learn about the product(s), if you believe in them, then buy in and stay in unless you have something important you can leverage fiat for (wiping out debt, buying a home, emergencies, etc).

    If you're looking to get rich quick, then good luck, but I have nothing to offer you beyond pity and warnings.
     
    saitou likes this.
  18. IBTL

    IBTL Member

    Joined:
    Nov 22, 2010
    Messages:
    6,786
    Likes Received:
    6,824
    I have 30k in loose cash i'm looking to use towards a house in about 120 days basically this fall.
    Instead of holding it in checking account I thought to buy 30k of bitcoin (15k)and ethereum(15k).
    I'm asking your opinion on a basketball bbs so I take it for that but thank you
     
    TWS1986 likes this.
  19. DonnyMost

    DonnyMost clean your room bucko
    Supporting Member

    Joined:
    May 18, 2003
    Messages:
    42,908
    Likes Received:
    9,809
    ...Why?

    You're 4 months from the finish line. Just ride it out, dude. Risking your down payment this late in this game is a terrible idea. Like, way, way bad.

    If your purchase date was years away I'd say maybe and even then only put in what you can afford to lose outright. The rest would do best as index funds or something.

    Also, beyond the risk, whatever you put into crypto basically might as well not exist in the eyes of a financier/banker who is working on your loan. If you try to get approved for something and show them a crypto balance sheet as proof-of-funds they are going to turn you down hard.
     
  20. TWS1986

    TWS1986 SPX '05, UH' 19
    Supporting Member

    Joined:
    May 11, 2020
    Messages:
    3,470
    Likes Received:
    3,647
    I'll take some of that loose cash my man. Ayyy.
     
    IBTL likes this.

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now