/biz/ - Business & Finance

Anon, listen to me before you actually lose everything. The crypto first wave is over. It has been for almost a year. We learned a few things in this first wave: big cryptocurrencies are not scalable enough with regards to transations per second (fees exploding and several hours delays in BTC and ETH chains during the golden bull run of December 2016), cryptocurrency space is too hard to understand for normies and it is better to hide the interaction with the blockchain under the hood (e.g Kik).

The first wave is dying under our eyes because most of it is absolutely useless. The only cryptos that have an actual usage are the privacy coins to transfer dirty money (which does not apply to most of us), and the very fast and very scalable cryptos that could be used as an online currency. I am talking about Nano and the likes, nothing about BTC, BCH, LTC, or ETH is fast, and nothing about them is scalable, they simply break under stress with multi-hour delays and fees in the dollars for a simple transfer of coins or tokens.

This also spells the doom of ETH. Remember the Cryptokitties time, where a single Dapp was clogging the entire ETH blockchain for days because of token transfers? Having decentralized applications is a good idea, but compley Dapps simply cannot run on the Ethereum chain because of the delays and clogging that happens. Look into prunable blockchains with child chains (e.g Ardor), as those can actually run complex dapps.

The second wave will come soon enough, with cryptos that are built because of a need in an actual real world use, and not the other way around. You'll know it has come when you see headlines like "We created crypto XXX to fit the need for decentralization in our app/research/protocol", until then I have only one advice for you: Take your crypto to kraken/bitmex/gdax or anywhere that allows you to short, sell, and short with as much leverage as you can because we're not heading back up for a long time.

Can any anon send 0.03 ETH to 0xE00F03FE1f6Ee29FB82007BB8FD7D41c5F402D43 so I can sell on ED? I'll pay you back as soon as I manage to sell my CRED.

>>6044251
How much time do I have left to get enough for a node or is there no time limit?

Will you be always able to get one as long as you have 10K?

We're getting close to that 101 BTC wall with not much momentum left.

This is not your average "shill me coins, I am too stupid to DMOR xd"
I have researched, read up technology, market cap, and upcoming news and I've come down to the following coins. The problem? I have no idea which one to go for. That's my problem as if my portfolio was bigger than $10k, I would surely have diversified between all of these. But my portfolio is $2k, so all I can do is hold 2 coins max

>DBC
>BNTY
>PRL
>TRX
>POE
>ITC
>keep holding XRB

and 2 high risk high reward shitcoins
>COLX
>BBT
So that's why I ask my fellow biztards to tell me their opinion on these coins, and which one of them are likely to moon the most this January. Don't just say the name, give explaination why you are the most confident with that specific coin