LoyceV
Legendary
Offline
Activity: 3416
Merit: 17278
Thick-Skinned Gang Leader and Golden Feather 2021
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 07:41:16 PM |
|
"I'd rather put my eggs in ONE basket that I fully control, than in TEN baskets that others control." I was just looking at CoinMarketCap: #1: Bitcoin! But it's losing market share, so I wondered what's taking the market share. Turns out, most of them are centralized: #2: Centrally controlled Hardforkcoin Ethereum. #3: Centrally controlled Binance Coin. #4: Centrally controlled Ripple. #5: Not centrally controlled Dogecoin (but originally started as a meme troll). #6: Centrally controlled and probably not backed stablecoin Tether. I find it very hard to believe someone holds 52 billion dollar on some bank account to counter this value. #7: Cardano. I know nothing about this so this is where I stop. Why are people giving up their trustless Bitcoin for centrally controlled coins that are solely created to make the creator rich?
|
|
|
|
OutOfMemory
Legendary
Offline
Activity: 1652
Merit: 3309
Man who stares at charts (and stars, too...)
|
"I'd rather put my eggs in ONE basket that I fully control, than in TEN baskets that others control." I was just looking at CoinMarketCap: #1: Bitcoin! But it's losing market share, so I wondered what's taking the market share. Turns out, most of them are centralized: #2: Centrally controlled Hardforkcoin Ethereum. #3: Centrally controlled Binance Coin. #4: Centrally controlled Ripple. #5: Not centrally controlled Dogecoin (but originally started as a meme troll). #6: Centrally controlled and probably not backed stablecoin Tether. I find it very hard to believe someone holds 52 billion dollar on some bank account to counter this value. #7: Cardano. I know nothing about this so this is where I stop. Why are people giving up their trustless Bitcoin for centrally controlled coins that are solely created to make the creator rich? I think that they are not so much giving up their bitcoin, but since 2017 fresh retailers pump their money into altcoins. Many new "investors" consider themselves too late to make monster gains with bitcoin (because "too expensive", "too late" ... and so on). This is my impression of the 2020/21 market.
|
|
|
|
LFC_Bitcoin
Legendary
Offline
Activity: 3640
Merit: 10087
#1 VIP Crypto Casino
|
"I'd rather put my eggs in ONE basket that I fully control, than in TEN baskets that others control." I was just looking at CoinMarketCap: #1: Bitcoin! But it's losing market share, so I wondered what's taking the market share. Turns out, most of them are centralized: #2: Centrally controlled Hardforkcoin Ethereum. #3: Centrally controlled Binance Coin. #4: Centrally controlled Ripple. #5: Not centrally controlled Dogecoin (but originally started as a meme troll). #6: Centrally controlled and probably not backed stablecoin Tether. I find it very hard to believe someone holds 52 billion dollar on some bank account to counter this value. #7: Cardano. I know nothing about this so this is where I stop. Why are people giving up their trustless Bitcoin for centrally controlled coins that are solely created to make the creator rich? I think short term traders/thinkers see alts as a way to get bigger/quicker gains. Thing is, it’s a very risky game. You might get lucky doing it, you might not. I’ve never played that game & never will, been HODLING since 2014. Slow & steady wins the race, a big % of alt gains end up back in bitcoin any way. The sole reason people mess around with alts is to increase their bitcoin stash. Bitcoin is going to $150,000+ this year, sit back & relax. I prefer knowing my money is safe in King Daddy, OG’s don’t mess around with alts, it’s a poor person game.
|
|
|
|
LFC_Bitcoin
Legendary
Offline
Activity: 3640
Merit: 10087
#1 VIP Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 07:53:52 PM |
|
Off-topic (but see below) interview recommendation: Soft White Underbelly: Escort Interview — FrenchieFeature-length, and a great watch, she's a great story teller for sure. She's a coiner too! Notice near the end ( 1:30:34), when she mentions how one of her clients, a millionaire, "helps her with her Bitcoins!" He probably introduced her to Bitcoin and is helping her manage her coins. I can't help but wonder if he's a WOer... LOL! Some may find the above link distasteful, or even insulting, but I urge you to put your prejudices aside and watch the interview in its entirety. It's an entertaining and quite a didactic experience. No prejudice from me. Girl’s making money, good for her.
|
|
|
|
OutOfMemory
Legendary
Offline
Activity: 1652
Merit: 3309
Man who stares at charts (and stars, too...)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 08:01:30 PM |
|
"I'd rather put my eggs in ONE basket that I fully control, than in TEN baskets that others control." I was just looking at CoinMarketCap: #1: Bitcoin! But it's losing market share, so I wondered what's taking the market share. Turns out, most of them are centralized: #2: Centrally controlled Hardforkcoin Ethereum. #3: Centrally controlled Binance Coin. #4: Centrally controlled Ripple. #5: Not centrally controlled Dogecoin (but originally started as a meme troll). #6: Centrally controlled and probably not backed stablecoin Tether. I find it very hard to believe someone holds 52 billion dollar on some bank account to counter this value. #7: Cardano. I know nothing about this so this is where I stop. Why are people giving up their trustless Bitcoin for centrally controlled coins that are solely created to make the creator rich? I think short term traders/thinkers see alts as a way to get bigger/quicker gains. Thing is, it’s a very risky game. You might get lucky doing it, you might not. I’ve never played that game & never will, been HODLING since 2014. Slow & steady wins the race, a big % of alt gains end up back in bitcoin any way. The sole reason people mess around with alts is to increase their bitcoin stash. Bitcoin is going to $150,000+ this year, sit back & relax. I prefer knowing my money is safe in King Daddy, OG’s don’t mess around with alts, it’s a poor person game. Especially, like at the moment, when you see top5 alts stalling in their rise and bitcoin grow in its price (5m-15m candles), you recognize the game. Many of the $$$ spent in altcoin markets will return to BTC. EDIT: Of course these are smallish movements, compared to BTC market cap, but you can spot them once in a while.
|
|
|
|
OutOfMemory
Legendary
Offline
Activity: 1652
Merit: 3309
Man who stares at charts (and stars, too...)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 08:14:12 PM |
|
Also important (not going into alts too much here) BNB and ETH hit important resistance zones. Should end in a BTC pump, ultimately. $60k incoming? EDIT: N o F inancial A dvice ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
|
LFC_Bitcoin
Legendary
Offline
Activity: 3640
Merit: 10087
#1 VIP Crypto Casino
|
Also important (not going into alts too much here) BNB and ETH hit important resistance zones. Should end in a BTC pump, ultimately. $60k incoming?
Hopefully. I love the smell of burnt alt investors in the morning well, any time really.
|
|
|
|
OutOfMemory
Legendary
Offline
Activity: 1652
Merit: 3309
Man who stares at charts (and stars, too...)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 08:19:12 PM |
|
Also important (not going into alts too much here) BNB and ETH hit important resistance zones. Should end in a BTC pump, ultimately. $60k incoming?
Hopefully. I love the smell of burnt alt investors in the morning well, any time really. Have a sMerit. Not so much for the quality of the post, but more for the quality of the laughs it gave me ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
|
LFC_Bitcoin
Legendary
Offline
Activity: 3640
Merit: 10087
#1 VIP Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 08:36:12 PM Merited by JayJuanGee (1) |
|
|
|
|
|
Biodom
Legendary
Offline
Activity: 3864
Merit: 4255
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 08:45:52 PM |
|
|
|
|
|
philipma1957
Legendary
Offline
Activity: 4228
Merit: 8392
'The right to privacy matters'
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 08:48:23 PM |
|
"I'd rather put my eggs in ONE basket that I fully control, than in TEN baskets that others control." I was just looking at CoinMarketCap: #1: Bitcoin! But it's losing market share, so I wondered what's taking the market share. Turns out, most of them are centralized: #2: Centrally controlled Hardforkcoin Ethereum. #3: Centrally controlled Binance Coin. #4: Centrally controlled Ripple. #5: Not centrally controlled Dogecoin (but originally started as a meme troll). #6: Centrally controlled and probably not backed stablecoin Tether. I find it very hard to believe someone holds 52 billion dollar on some bank account to counter this value. #7: Cardano. I know nothing about this so this is where I stop. Why are people giving up their trustless Bitcoin for centrally controlled coins that are solely created to make the creator rich? take Doge off the list and I would agree with you. understand doge for what it is: well backed by asics and 10x the blocks which means 10x the transactions each day are possible. the other coins are garbage. Does this mean buy doge no. But it does not belong on the list you made.
|
|
|
|
Richy_T
Legendary
Offline
Activity: 2534
Merit: 2243
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 09:04:46 PM |
|
I think that they are not so much giving up their bitcoin, but since 2017 fresh retailers pump their money into altcoins. Many new "investors" consider themselves too late to make monster gains with bitcoin (because "too expensive", "too late" ... and so on). This is my impression of the 2020/21 market.
Everyone's trying to pick the next facebook to Bitcoin's myspace but in reality, most of them are betting on Friends Reunited and there's no sign of Bitcoin failing yet.
|
|
|
|
El duderino_
Legendary
Online
Activity: 2618
Merit: 12753
BTC + Crossfit, living life.
|
|
|
|
|
Richy_T
Legendary
Offline
Activity: 2534
Merit: 2243
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 09:12:33 PM |
|
Does this mean buy doge no. But it does not belong on the list you made.
I think the list was the top coins by market cap on coinmarketcap. That makes Doge definitely belong on there. There's a few others that don't though (most notably XRP). I also suspect that the market caps of many alts are being manipulated so not really a good indicator for most purposes and Bitcoin's market cap has its own questions too (nothing nefarious but they are there). Market cap is mostly a meaningless metric anyway.
|
|
|
|
Richy_T
Legendary
Offline
Activity: 2534
Merit: 2243
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 09:13:54 PM |
|
I'd hate having to keep selling. I'll hodl for now.
|
|
|
|
OutOfMemory
Legendary
Offline
Activity: 1652
Merit: 3309
Man who stares at charts (and stars, too...)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 09:18:47 PM |
|
I'd hate having to keep selling. I'll hodl for now. Whenever i sold, i did regret it later. Even when i sold "at a profit".
|
|
|
|
Torque
Legendary
Offline
Activity: 3668
Merit: 5232
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 09:49:43 PM |
|
Go, go, go shitcoins go!
Look at that shit skyrocket, man. It's like a plume of shit!
Glorious. /s
|
|
|
|
somac.
Legendary
Offline
Activity: 2102
Merit: 1236
Never selling
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 10:01:42 PM |
|
Go, go, go shitcoins go!
Look at that shit skyrocket, man. It's like a plume of shit!
Glorious. /s
I know right look at all the serious investors buying them too, obviously the future. Actually, these things are pumping too much, I suspect a crash is just around the corner and I do wonder if it will be one that takes BTC down with it (nowhere near as much of course, 20% maybe). This buying seems to be coming from noob retailers, these are not the people who will convert to BTC, they'll go to cash and then exit alltogether with their losses. If we're lucky the original holders of these coins will convert to BTC, but, having seen the comments from these morons on twitter for the last few years I highly doubt it. What will happen though is seious investors will buy the dip again as usual, so there is that.
|
|
|
|
BitcoinGirl.Club
Legendary
Offline
Activity: 2884
Merit: 2762
Bitcoingirl 2 is downloading 💓
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 10:01:51 PM |
|
1BTC Donation Brett Lee has donated one Bitcoin to CryptoRelief.in, a community-run fund started by Polygon co-founder Sandeep Nailwal. And Sportsbet.io has now followed Lee's example, also donating one Bitcoin to the cause. The generous donations represent a total of over $155,000 USD (at the time of writing). I missed this news!
|
|
|
|
OutOfMemory
Legendary
Offline
Activity: 1652
Merit: 3309
Man who stares at charts (and stars, too...)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2021, 10:08:40 PM |
|
When you see all those shitcoin sellwalls being eaten up, the phrase "eat shit" gets a whole new perspective ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
|