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/biz/ - Business & Finance

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9620921 No.9620921 [Reply] [Original]

Crypto expert here AMA

>> No.9620936

>>9620921
Can u suck my peñis?

>> No.9620943

thoughts about 0xBTC?

>> No.9620954

Cryptopajeet here >>9620921
>>9620921

>> No.9620980

Why do you larp on a Hong Kong rubber dogshit appreciation image board as a crypto expert?

>> No.9620983

when bullrun?

>> No.9620991

>>9620943
It's dumb cause it relies on ETH, which has low hash power and can be 51% profitably with a short position similar to ETC https://medium.com/@HusamABBOUD/the-realistic-lucrative-case-of-ethereum-classic-attack-with-1mm-today-8fa0430a7c25

If ETH moves to PoS, then it's no longer Bitcoin-like

If you want faster smart-contracts-enabled, Bitcoin, just use a merge-mined Bitcon sidechain like RSK.

>> No.9621003

>>9620983
Idk I'm shorting and hoping to buy back under 7k. This may be the last dip but we'll see if volume picks up

>> No.9621029

Have you ever eaten lots of mexican seafood, fastened one end of a hose to your asshole and the other to your face and then shit inside of the hose?

>> No.9621294

>>9620921
proof you not larping faggot? how can I make 200k by eoy if I invest around 1k every month.

>> No.9621359

>>9621294
>what numbers should I play at the lottery sir

>> No.9621372

>>9620921
Thoughts on Chainlink (LINK)?

>> No.9621399
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9621399

will bch ever flip btc?

>> No.9621469

>>9621294
he said he's crypto expert not fortune teller

>> No.9621775

>>9621372
Oracles are useful and needed even if 2018 is not their hype year, but hard to tell which decentralized oracle service will succeed. Enterprises will probably end up using something like Microsoft Coco, newer blockchain platforms may build oracles natively (like Mobius), and other platforms have their own projects going (e.g. OracleChain on EOS)

>> No.9621784

>>9621399
Nothing will flip BTC, and BCH is only going down

>> No.9621801

>>9621775
sir link $1k eoy sir

>> No.9621810

also what do you think about xrp? some guy made a $560 prediction recently which seems completely fucking ridiculous, but what do I know

>> No.9621817

>>9621784

Is monetary freedom even possible with the new regs and institutional money?

Will we ever see wide scale deflation, or the end of fiat, or the return of wealth through equity?

>> No.9621879

>>9621784
crypto expert confirmed.

>> No.9621899

>>9621810
That's obviously ridiculous especially considering XRP circulating supply is still increasing, so by 2050 a value of $560 would result in an mcap of $56 trillion. Consider that the total amount of money in the world is estimated to be around $80 trillion...

Also the volume on XRP has been steadily decreasing at a higher rate than other coins of similar mcaps. XRP is losing interest and I believe it's past its glory period

>> No.9621900

>>9621784
Is eos as #2 realistic

>> No.9621928

>>9621899
makes sense

what looks like a promising 2+ year hold to you?

>> No.9621932
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9621932

>>9621899
FINALLY IT DIES YASSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS

>> No.9621935

Opinion about IOTA? I have 1k of iota since march and i feel like i'm a bagholder.

>> No.9621936

>>9620991
oh no, it's retarded

>> No.9621969
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9621969

>>9621899
what do you think about this... xrp as a second layer for btc? Do you think that is too far a stretch? I mean, they have a working product, xrp can, for lack of a better term, "host" other currencies, it's an on chain exchange to boot. or am I fucking retarded?

>> No.9621997

>>9621817
Yeah, i think so. Most of the regulation talk is about ETH/ICO/ERC20 security classification rather than BTC/bigger picture, and I expect that a large part of institutional money will be passive ETF investing, hedge funds trading alts/BTC, and eventually BTC hoarding. Bitcoin has been doing steady progress, banks are starting to research CBDC, governments are starting to test Bitcoin as a settlement network, 2nd layer projects continue to capture top tier talent, the genie is already out of the bottle and it's not trivial to stop this anymore

>> No.9622009

>>9621900
Yeah definitely. EOS has had more volume than ETH on fiat pairings recently, and there's an absolutely insane amount of money going into it from China. ETH dev team said they'll not have a reliable scaling solution this year, so depending on how the launches of EOS blockchains go, EOS has a good window of opportunity

>> No.9622035

>>9621928
BTC and ETH are the safest 2+ year holds right now, and then you have some ERC20 tokens that will be hard to fail if ETH survives (OMG, ZRX), and some coins that obviously have government support like ZEC. Monero should be safe-ish too particularly because it's a proper censorship-resistance coin, because it may need that property.

>> No.9622203

>>9621935
IOTA is a very experimental project, and it's still early in its development so obviously a very high risk project. DAGs are useful because of asynchronous communication and partial ordering, and they're a nice alternative to blockchains. But IOTA does a lot of stuff on top of that (like using balanced ternary?), their wallet has had a lot of problems, their centralized coordinator is closed source, etc. It seems to have a decent tech team, a bit of dev community working on top of IOTA, some good positioning in the industry, and they're the most advanced DAG-based crypto, so it's a bit of a coin flip.

They're kinda in the same boat with Cardano. Trying to do something new and ambitious, while being assaulted with tons of hate from the community

>> No.9622224

>>9620921
Thoughts about HYDRO?

>> No.9622260

>>9620921
Nano - worth holding/accumulating or not

>> No.9622292

>>9622203
Are we really going to have a recession or is the media trying to provoke a dump because they hate Trump? the economy was gunning along through 2017 and I didn't even need to think about my managed funds, now I dropped a whole G in two days and I'm back on the lentils.

>> No.9622327

Will holochain have future?

>> No.9622330

>>9621969
Bitcoin can "host" other currencies via colored coins or sidechains if they want to do something more fancy. AFAIK Ripple considered becoming a Bitcoin sidechain in the past but things have changed and I don't think Ripple has much to add to the fast-evolving 2nd layer space that is being built on Bitcoin, but if Ripple survives and manages to build a network between banks I can see at least a useful interblockchain communication between XRP and BTC

>> No.9622382

how do you feel about other /biz/ memecoins like xlm, req, and dbc

>> No.9622424

>>9622224
>HYDRO
Never heard of it sorry

>>9622260
>Nano - worth holding/accumulating or not
Nano is very experimental, but their goal is bigger than themselves IMO. To become an international currency, you don't need just feeless transfers. You need price stability, which Nano will likely not achieve anytime soon given their small mcap, and you need liquidity to transfer large sums of money, which is again something that they're unlikely to achieve anytime soon. These are both essential for them to function as what they aim to become, so they cannot say "we'll just do it later," especially when they have no political positioning. If they only want to support small transfers or micropayments, then my money is on LN to dominate that use-case. To me it feels more like an interesting pet project of Colin that people can play around and pay each other on Twitch rather than the project that will dominate the digital currency space..

>> No.9622428

>>9622424
kek
You haven't heard of Raindrop 2FA?

>> No.9622465

>>9622292
Idk bro; i doubt media will have much of an effect but it doesn't look great right now

>> No.9622552

>>9622327
Sorry man don't know much about it but damn those IDEX coins really making their way into top100 these days

>> No.9622919

>>9620921
what do you know about COV(covesting)
new exchange in beta testing. $300 usd given to first 25k that sign up for trading fees. in process of getting DLT license, finished the presentation in Gilbraltar, just waiting to hear back. Will have copy trading, algo, etc. extremely professional tea.

>> No.9622984

>>9620921
What are oracles?

>> No.9623052

>>9622552
Thoughts on trac? Origin trail

>> No.9623157

>>9622382
>xlm
Not sure why that one is still around; all interest is gone, development is slow, and it doesn't have much of a use or relevance anymore

>req
Good team, good fundamentals, good project, likely very good future in accounting, but that's probably in 2 years

>dbc
I just know it was really hyped a while ago, but it's just a Neo dapp with no code in an already competitive market competing against RLC, GNT, SNM, ELF. I doubt they stand a chance tbqh

>>9622428
>You haven't heard of Raindrop 2FA?
No sir

>> No.9623161
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9623161

>>9620921
Whats your position on TA? Usefull or not? How come?

I do belive you are legit and not a larp. You have more then average knowledge of coins. Your reasoning is on pair with what Ive heared of other people I see as intelligent and you dont know what Hydro is which confirms you arent biz guy. All good :)

>boobs for you since you are doing charity work. cheers

>> No.9623172

Which coins are you holding?

>> No.9623178

>>9623157
TELL ME WHAT TO BUY THAT WILL PUMP SHORT TERM OR FUCKING PISS OFF YOU MASSIVE NIGGER FAGGOT

>> No.9623187
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9623187

>>9620921
WHERE IS MY FUCKING MONEY?

>> No.9623521

>>9620921
mr. Expert
What about:
Zilliqa
Syscoin
SelfKey
Dero
INT

>> No.9623561

>>9622919
>COV
Haven't heard about them before, but checking their website they don't look too good imo. They even copy the CMC 24h volume, which is incorrect because CMC counts the volume twice on alts (e.g. they count ETH/BTC both for ETH and for BTC when they add up the total volume for the day). There's a lot of moves now making good crypto exchanges (coinbase pro, and their recent acquisition of a DEX), and we had Forex traders coming into crypto before: CoinMetro. Investing in middle of the road centralized exchanges when there's so much competition and so much attention for DEX is risky

>>9622984
>What are oracles?
Just a way for blockchain-like systems to fetch data from the external world e.g. price of an Apple share

>>9623052
>trac
Sorry bro don't know them

>>9623161
Definitely useful, but my experience has been that most crypto traders either use it incorrectly or don't understand it.

You can use TA to find areas of interest and reverse engineer market sentiment from the chart, or to calculate the Risk/Reward for a trade. It's good to know where's resistance and support so you don't buy at resistance before it gets rejected. Obviously you can't know for sure whether a level will be broken or not, but it helps you make a decision probabilistically. E.g. you can wait for resistance to be broken and then buy on a retest as support. Also useful for setting limit orders/stop losses

Obviously TA is not magic and you can't predict the future, but I always guide my entries/exits based off TA to optimise my positions.

Horizontal lines, Fibonacci retracement, and RSI divergences on high timeframes (1D+) have pretty good hit ratio in crypto. You can also use price action to understand the sentiment and chart patterns as confluence. If you want to learn TA, read some books and follow some FX traders, because crypto trading outside of a few Bitmex traders is pretty abysmal. Volume is also very important, so I guess OBV indicators and volume profile can help

>> No.9623586

>>9623172
USD mostly and shorting BTC and ETH. It's been a bear market for a while bro

>> No.9623669

>>9620921
ECA - shit or complete shit

>> No.9623692

>>9622203
You are wrong about Iota being the most advanced DAG project. Byteball is. Check what you can do with the Byteball wallet, this is really impressive: smart contracts, icos, exchanges and bets... They have already functional technology that is promised for 2021 by most of the multibillion vaporware scams.

>> No.9623719

What are your thoughts on Neblio?

>> No.9624421

>>9620921
Do you eat ass ?

>> No.9624495

>>9621784
>crypto expert
>economic idiot
¯\_(ツ)_/¯