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Kind of a useless question, as folks here will simply state what they are holding. As for what coins are undervalued... throw a dart at a bunch of coin names and the odds you'll be right is just as good as any analysis will provide. The problem with determining value in crypto is that speculation trumps technicals.
So if you can guess where whales will decide to speculate and pump up a coin, you have found an undervalued coin. But unless you are a whale yourself, it's kind of difficult to figure this out.
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Doesn't seem like anything really unusual to me, it simply means dapps are active on eth. So I suppose it's a good thing in that regard, although it hasn't impacted price at all.
As for the flippening, that boat sailed a while ago. If there is ever a flippening in the future (probably the far future), it'd likely be a coin not even created yet.
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I don't think the 32Ethers is much if you want to stake, they need to make it worthwhile for the stakers, if you stake over $5000 in asset the ROI on investment need to be significant to encourage more people to stake. I believe there would be services that would offer staking for those that do not have 32Ethers to stake. Just like that of Dash shared Masternodes
That's why I don't think the argument that 32 ETH is too high makes much sense. Just go with a service or pool or something similar for those who have less. We aren't talking about insane amounts of money regardless ... this isn't like 1M, what a Dash node used to cost. Maybe it all because a lot of people already expect that they will stake their coin with any amount of ETH. And then with this amount, and people don't know maybe there are service or pool for they who have less (honestly i just know it too because read your post), will complain about it. At first, i think 32 ETH is a big amount too because maybe there are a lot of people who can't afford that amount of ETH. The thing I don't get is why it even matters. If someone has say, 10 ETH, and gets 5% a year, so then he has a earned a mighty .5 ETH on an investment that can change in value at a greater rate than 5% daily. And if we pretend things remain stable, that half an ETH is worth a mighty $75 or so (currently). It's not enough to get riled up about. The only way it'll matter is with huge sums of ETH (and then 32 ETH is nothing), or if ETH goes to insane prices. But in that case, just time the market right to sell and you'll be better off. As coins that are staking will be locked up in the early phases. With smaller amounts, one probably would be better off trading than staking. |
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Yes, I know that there are many coins , and everyone has a favourite. But with the Ethereum 2.0 upgrade close, the move to Proof of Stake and the performance improvements promised , is now the time to get seriously into Ethereum ? I discuss this in the following video , as well as the opportunity it provides : https://youtu.be/O8gTpGu9D_cBy the way , if you forward to 13:15 I also share my equation for getting Bitcoin at a lower price Good inspiration, although some news already hurts me when I heard Ethereum 2.0 will not come in first quarter next year. I'm happy when I heard that Ethereum will launch "proof of stake". Alert is enough for me, because I'm planning to exchange my Bitcoin to Ethereum if I'm confirm the time of Ethereum 2.0 launch. What is the current timeline for 2.0? I haven't kept track, but assumed it was on pace for January-ish next year, at least for the initial phase. Has it been delayed until later next year? I know overall this will take a couple of years to complete, assuming it goes to plan, but what reason was given for the most recent delay? |
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I don't think the 32Ethers is much if you want to stake, they need to make it worthwhile for the stakers, if you stake over $5000 in asset the ROI on investment need to be significant to encourage more people to stake. I believe there would be services that would offer staking for those that do not have 32Ethers to stake. Just like that of Dash shared Masternodes
That's why I don't think the argument that 32 ETH is too high makes much sense. Just go with a service or pool or something similar for those who have less. We aren't talking about insane amounts of money regardless ... this isn't like 1M, what a Dash node used to cost. |
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Another person talking shit. I spend bitcoin all the time. Stop lying and spreading misinformation. Which third world countries are you talking about that have money that fluctuates like that?
You say you won't spend bitcoin because it will be worth more in the future? Then convert all your fiat into bitcoin because using fiat to buy something is the same as buying bitcoin with the fiat beforehand the only exception is that you are using a superior payment method instead of crappy fiat.
The fact that BTC can be used as a currency doesn't mean it'll ever be used as a widespread medium of exchange. That is what I took the OP's message as, that it won't catch on and be widespread. Of course BTC could buy 'something'. LTC can buy stuff too, and I expect Doge as well. I recall Beancash could be used to buy stuff if willing to jump through some payment hoops -- but I wouldn't exactly say it's going to be an everyday currency used by most people. If you feel otherwise, that's fine. I simply don't think the volatility issue will really ever be fixed. BTC as 'digital gold' is still good enough, that's at least a real world use. As for countries with currency issues, Venuzuela comes to mind. I can buy almost anything I want in my country with bitcoin aside from pay bills and buy food. I use bitcoin more then I use cash or the bank. It is already widespread. You can pay for many things online from many differnt countries. Everything digital I have paid with crypto. That means it is wide spread. The fact it is in africa being used means it is widespread. I have bought so many things with crypto from seeds and garndeing supplies to entire pc setups tables laptops. Shoes, stuff for the kitchen, curtains, eating utensils and everything in between. So there you go there are thousands of real world uses. So stop talking shit. Look at this web site bidorbuy.co.za eeverything there can be paid with bitcoin. Thats an entire market place like Amazon and you tell me it is not widespread.   I think we have a different definition of 'widespread'. I am not referring to the number or types of items you can buy with BTC. There are plenty. And if we compare BTC to most alts, BTC will be the crypto in widest use as a medium of exchange (at least currently). But when I state widespread use, I mean it in regard to a large percentage of the general population using BTC as as a medium of exchange. And that certainly isn't happening. BTC would need to be used in a similar fashion as paypal, for instance, to say it's a common medium of exchange. I don't see that ever happening due to the volatility issue. Again, if you feel otherwise, that's fine. I'm not here to argue the point or try to put BTC down (as besides owning BTC, I consider store of value a real-world use and good enough). |
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Another person talking shit. I spend bitcoin all the time. Stop lying and spreading misinformation. Which third world countries are you talking about that have money that fluctuates like that?
You say you won't spend bitcoin because it will be worth more in the future? Then convert all your fiat into bitcoin because using fiat to buy something is the same as buying bitcoin with the fiat beforehand the only exception is that you are using a superior payment method instead of crappy fiat.
The fact that BTC can be used as a currency doesn't mean it'll ever be used as a widespread medium of exchange. That is what I took the OP's message as, that it won't catch on and be widespread. Of course BTC could buy 'something'. LTC can buy stuff too, and I expect Doge as well. I recall Beancash could be used to buy stuff if willing to jump through some payment hoops -- but I wouldn't exactly say it's going to be an everyday currency used by most people. If you feel otherwise, that's fine. I simply don't think the volatility issue will really ever be fixed. BTC as 'digital gold' is still good enough, that's at least a real world use. As for countries with currency issues, Venuzuela comes to mind. |
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I have expected so much from LTC, because halving is a very important process for price growth, but what happened with LTC is just unbelievable. This coin added 20 percent before halving and dropped 40 percent few days after.
It's the old investment adage: buy in anticipation, sell on confirmation (or buy the rumour, sell the news). I'm pretty sure the same thing will happen to bitcoin. The price might surge to $20,000 and then there will be a lot of profit taking. I expect the same. Although it'd be nice of it hit that 20K early, then bounced off of that before the halvening. But the way things are looking, 20K may be the best case scenario. The LTC thing wasn't unbelievable like the other poster thinks... just that the price was baked in earlier than expected. A drop-off afterwards was quite normal. The fact that BTC decided to do its up/down thing right after and smush the entire alt market probably didn't help matters much. |
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Cardano is actually a decent currency that I wouldn't compare to others, even if I still think ETH is better not because its blockchain only (I am not technologically smart and wise enough to compare two sets of blockchains) but because it is used a lot more and people like it a lot more and there is a bigger community behind it as well.
However, just because I prefer Ethereum this time I won't be saying anything bad about Cardano neither, normally when you compare two things you say one is good and the other is bad, here it is more like one is good the other is better so it does pain me to pick one. I would suggest everyone to buy and hold a bit of cardano just for a long term investment because the team behind it is a very creative and hard working team that may actually build something amazing.
I pretty much agree with this. Although I probably would rank ETH 'better' simply because more developers use it. However from a technical standpoint, Cardano may surpass it (after the 2.0/staking smoke clears). We'll see. Not a bad idea to hold a small amount of ADA though just because of the development team. |
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Analysts are close to worthless in the crypto space. According to 'analysts', BTC should have hit both zero and 100K since 2017.
As for ETH, nobody has any idea if it'll reach 1K again or not. It very well could, not due to ICOs obviously, but due to 2.0 and a lot of coins theoretically being locked up in staking. Or maybe it never hits 1K, just 500-600... or less... whatever it hits, the odds to me is that it'll be higher than current prices at least.
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if there is a slight hope for the coin to live while the volume is less than a hundred and the team disappear already, i don't think you will try to wait for that to rise. someone should just whisper "abandon ship" for those holders. unless you just want to leave it on your wallet after all the worth is just a $100, you wouldn't die wasting that amount anyway.
i have several of that coins too that were just in my ether wallet, i'm too lazy to open the wallet. but CoinVEST for example is that you will need to swap it first before you can trade it.
Well, yeah, if we are talking about a situation where there literally is no volume, no dev, and kind of no exchanges, you may be right, get what you can now. I was thinking more of the coins with at least a pulse... could be a shaky pulse, but a pulse nonetheless. If truly dead, just go for the tax loss. |
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Not sure how the OP defines a 'comeback'. If he means can Doge hit 40-50 sats again, sure, it's possible. Or it's possible Doge sinks to 20 sats. Doge is always good for at least one pump a year it seems, but where that pump starts from and goes to ... it's anybody's guess.
I wouldn't expect to see Doge to hit 100 sats anytime soon, if that's what the OP meant. The market feels too bear-ish right now.
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its up to you though. there are just coins that deserves to be dumped for someone with the hopes that it will make them rich. there were coins during the 2017 bullrun that has about 1k satoshi in price but you can see it today that its now just 2 satoshis. the regret must be killing those people who hold it still. i would sell mine as long as there is a market. there isn't just market for all the coins, the new ones weren't even listed on dex.
That would be an example of 'might as well hold' to me. 1K to 2 sats... if we are talking about cashing out for a mighty $25 or somewhere around there, who cares? Unless someone can apply the loss for tax purposes (which is a viable option, but it depends on tax bracket and other gains/losses), might as well just go down with the ship. A shitcoin can always do a brief run, which in this case might be like 2 sats to 10-100 sats, but might as well wait and hope for something, than cash out for basically nothing. |
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A logical real world use for Dash is as a currency in 3rd world countries suffering from hyperinflation. But... I expect many simply use BTC instead, as it's more popular. Quite often we see coins tout how they can be used as a currency, but they don't mention the fact that BTC can be used as well. Or LTC, or sometimes half a dozen coins. For Dash to catch on, it'd need to be the only coin merchants accept. While other coins CAN be used, they fail to recreate the smooth experience of using Dash. That competitive advantage that Dash has in the speed, ease of use, and fees departments will allow it to become more noticed in that space. Of course other coins will also be used, there's room for more, actually, but Dash should carve out a good chunk of that market because of the customer experience. But besides all of that, wouldn't a stablecoin make the most sense to use as a currency? Dash/BTC may be less volatile than fiat in some countries (as hard as that is to believe), but Dash has lost like 95% of its value. Who wants to use a crypto that can tank so badly as a currency? At the moment, due to the relatively young age of the crypto market, it is subject to manipulation by large holders. As the market grows, it will become much harder to do that. Usage and adoption will be the driving factors in currency valuation, as they currently are in national currencies. This is a marathon, not a sprint, and current conditions will not always rule the day. I agree in regard to Dash being better suited to use as a currency than BTC. If we just look at ease of use and fees. However in regard to popularity, of course it has some work to do still. But yeah, BTC isn't an ideal candidate to be used as a currency really. However BTC isn't stable with its current volume. It's still manipulated like crazy. So why would anyone think DASH will eventually have a larger market than BTC and be more stable? What timeline are you looking at, 2040+? |
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Not sure why the OP is overlooking the 2020 halvening like it doesn't exist. I really doubt BTC will sit around at its current level when it gets closer to May. And if we remember the last halvening, BTC didn't go crazy really until after the halvening, up to a year later.
As for shitcoin season, that's possible. Too early to say. Shitcoins sometimes pump regardless, but perhaps the next 'altcoin season' will be small cap before larger cap.
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It is a great spot to average in but I still think that looking at the overall market condition, there is a potential for the price to go a little lower. It's best to average in rather go all in at one price.
Averaging in probably makes the most sense. Every time I think ETH has hit its bottom, BTC does it's thing, and we see ETH sink a bit lower. As for ETH 2.0, it's going to be a somewhat long process, so it's not a sure-thing we'll see much of a rise just because the first phase is scheduled for next year. This could take a while. |
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This argument could be valid in future if Bitcoin failed to gain market share and people just decided to use it for store of value, another thing to look at is the lighting network, the success of lighting network is going to determine if BTC is going to be use for medium of exchange because the transaction fees that people complained about that is high is going to be reduced significantly
Lightning network just solves one problem though (or two, if we count fees + speed of transaction). It doesn't help much with volatility however. Who wants to buy a TV for 1K today, when a month from now that same amount of BTC could be worth 2-5K? Nobody will use BTC as a medium of exchange... they would hold it for speculation. An exception could be in 3rd world countries where their own fiat fluctuates more than BTC does. I suppose it could catch on as a medium of exchange there with the LN. But other cryptos are probably better suited to that task than BTC is, at least currently. |
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I thought china already banned exchanges years ago but it seems they're creating another news about it. Is the news even reliable its like creating more and more FUD intentionally but to what purpose ?
China announced that they're only interested in blockchain which they might be aiming into creating their own crypto currency but doesn't that mean they'll have to create exchanges in order for their digital coin to grow ?
They did, which is why this news cycle is sort of ridiculous. BTC shouldn't have spiked on China's previous announcement -- it was clear at the time they were just referring to blockchain tech, not specific coins. And folks shouldn't panic now thinking China will be closing a bunch of exchanges... they already did this years ago. So it just looks like whale manipulation to me. |
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Bitcoin world domination does not reduce price volatility
To me, that is the biggest flaw with the idea of ever using btc as an everyday currency. And I see no real solution ever presenting itself. As a store of value, digital gold, sure, btc could work. But as a replacement for fiat, not really, outside of 3rd world nations with hyperinflation. And even there, BTC probably isn't the ideal crypto to use in place of fiat. For a crypto to catch on as a medium of exchange, first off it needs to be stable. Then it needs to charge less fees than credit cards do, and be just as fast. And consumers will need to be able to use this crypto seamlessly, as easy as other forms of payment, and ideally it'd have to be cheaper to use from a consumer standpoint than a credit card which typically offers 1-5% back. So.... umm... currently no cryptos really qualify, and btc certainly doesn't. I'm working on Bitflate, a crypto with constant inflation. I think inflation will make price stable and Bitflate token more suitable for transaction. We intentionally make a crypto less "good" so it'll circulate. Inflation discourages HODL behavior so people will put Bitflate token to use. It's an experiment. I'm not sure it'll be able to match fiat efficiency. But it has a chance to address the transaction use case. The problem with testing that sort of experiment is the coin would need to catch on with the public to even know if it worked or not. And no offense, but it's not like the general public will equate bitflate with btc. For a coin to be stable, there is a simple (and not so great) solution -- centralization. It'd have to be a stablecoin, backed either by a company or assets. |
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Bitcoin world domination does not reduce price volatility
To me, that is the biggest flaw with the idea of ever using btc as an everyday currency. And I see no real solution ever presenting itself. As a store of value, digital gold, sure, btc could work. But as a replacement for fiat, not really, outside of 3rd world nations with hyperinflation. And even there, BTC probably isn't the ideal crypto to use in place of fiat. For a crypto to catch on as a medium of exchange, first off it needs to be stable. Then it needs to charge less fees than credit cards do, and be just as fast. And consumers will need to be able to use this crypto seamlessly, as easy as other forms of payment, and ideally it'd have to be cheaper to use from a consumer standpoint than a credit card which typically offers 1-5% back. So.... umm... currently no cryptos really qualify, and btc certainly doesn't. |
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