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Discussion in 'Road Side Pub' started by Weather Man, May 20, 2020.

  1. Rb0891

    Rb0891 Premium Member Premium Member Established Member

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    Good job. I always hold my long term stuff. I dabble in leverage trading though and it blows getting liquidated...
     
  2. C2tuck

    C2tuck Well-Known Member Established Member

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    Can’t see how your employer can tell you what you can invest your money into...plus, how would they know?
     
  3. MG0h3

    MG0h3 Well-Known Member Established Member

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    While states have legalized MJ, Fed Gov has not. Therefore, it’s investing in an illegal enterprise.

    Regular background checks where finances are disclosed.


    Sent from my iPhone using the svtperformance.com mobile app
     
  4. Kevins89notch

    Kevins89notch Well-Known Member Established Member

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    Exactly. No one needs to worry about a 2, 5 or ever 10k drop. It happens. A year ago it was under 10k. It's knocking creeped past 50K again today. Some do day trade crypto, but a lot more just toss some money in BTC and let it ride. Plenty of people tossed money in at 15-20K back in what was that 2017ish, and then freaked out when it dropped. The only mistake they could have made was selling then. Look at it today. Just let it ride! :)
     
  5. mysticsvt

    mysticsvt southernmustangandford Premium Member Established Member

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    Me yesterday....Bitcoin 3/4s in funds Ethereum 1/4. Me today Bitcoin 1/4 in funds Ethereum 3/4. Not taking into account about 20 other coins I'm invested in. I think it will take more money to make money in Bitcoin but Eth we can still get on more towards the ground floor. Thoughts?
     
  6. 98 svt

    98 svt Premium Member Premium Member Established Member

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    This is what I'm banking on
     
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  7. Rb0891

    Rb0891 Premium Member Premium Member Established Member

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    I am the same. Long term on eth I don't know though. It costs a fortune to trade eth.
     
  8. venmos1

    venmos1 Well-Known Member Established Member

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    That's my thoughts. I threw a few hundred at bitcoin a while back and made a few hundred bucks. Sold that and put it into cardano. I'm only into eth and cardano. What's you guys opinions on xrp? It gonna make it out of this and take off? I'm seeing reports or predictions of $100. That's over 200x. With my limited funds, I'm going to try to build my cardano bag to 1000 coins and put whatever else I can into eth and ride this bullrun. Then I'll sell eth and buy more when it drops and hold. Not sure on cardano. It has more upside long-run. So maybe same thing in sell in fall and rebuy and hold. I looked at others (xlm, dot, litecoin etc) and from the looks at it, the gains are not as great as eth and ada (predictions anyway).
     
  9. mysticsvt

    mysticsvt southernmustangandford Premium Member Established Member

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    I'm into Cardano over on Binance, plan to hold and ad. I still have XRP on Coinbase and it's gone from 98 to about 220. I plan to hold just due to the fact of the lawsuit. You just never know which way that can swing so worth it out of curiosity if anything else. I'm hoping the coins we see today are the peak of what we see in 10 years. If so these will be like BTC is today. I've been putting in a little in many coins. Imagine 200 bucks when BTC was .05 today. The fault I have made was moving my money around depending on what was pumping. I have a 25.00 a week to Eth and 25.00 a week to BTC so pretty close to just forgetting about it for a while. Maybe drop some here or there every payday on this or that.
     
  10. CompOrange04GT

    CompOrange04GT I like Wood, and not Oak in my butt Established Member

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    made $100 on NAKD, and just put it into Eth
     
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  11. venmos1

    venmos1 Well-Known Member Established Member

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    yeah i thought about bouncing around buying and selling but just decided to stick to the top 3 or so. Thats pretty much my thought on getting in at this point with eth and cardano. They are going to be making a lot of people a lot of money. Do i wish i got into bitcoin when it was under $500 a coin? of course. But that ship sailed. IMO there are better options to maximize gains than btc. Im hoping amc goes absolutely nuts and gives me a huge chunk to throw at eth and cardano. I only have 45 shares but the dreams of it hitting 500 plus would be pretty magical.
     
  12. mysticsvt

    mysticsvt southernmustangandford Premium Member Established Member

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    I'm guessing with the New Administration Covid will be swept under the rug and life will continue. AMC is a good bet for a short term spike..say year or two short term. I'm about to throw some into it and GME as well. Just had another spike in it....lol.
     
  13. venmos1

    venmos1 Well-Known Member Established Member

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    There are many people saying amc is going to squeeze like gme but possibly bigger. We shall see.
     
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  14. quad

    quad Well-Known Member Established Member

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    Yes I have some Cardano, ETH, BNB and a few others on Binance. Actually I've had all 3 since 2018.

    There is a lot of FUD going on about Cardano being superior to Ethereum in everyway. Charles Hoskinson, the founder of Cardano was also cofounder of Ethereum He worked with Vitalik Buterin but left the project because of disagreements about governance and a few other items. Another Ethereum cofounder left and started Polkadot.

    Vitalik Buterin is very smart and more quiet compared to Hoskinson.

    The main thing holding Ethereum back right now are the high gas fees. That's is a good sign though because it means demand is high for all the smart contracts and DEFI projects. Because of the high gas fees a few projects jumped over to Binance Smart Chain BSC. That's why Binance BNB has been pumping so much this year. What Binance did was to basically fork Ethereum and make a few minor modifications and then centralized it on 25 nodes. Ethereum is decentralized on over 8000 nodes. At the moment people don't care about the CEFI nature of Binance Chain because it is profitable but it is more censorship prone. They could kill projects on it if they were pressured or decided to do it internally. This is where DEFI has an advantage. Ethereum 2.0 will change all this but it is not easy to roll out fast because Ethereum is massive and there can't be any downtime or bugs.

    So right now BSC fees are a lot less compared to Ethereum and also much faster. Binance has also apparently been doing shady stuff like stopping or hampering trading of Ethereum on their exchange to benefit BSC. It is the largest crypto exchange in the world and this will affect Ethereum.

    There are also rumors that Binance has had many fake or cancelled transactions on BSC to artificially inflate their transaction count to make it look better in comparison with Ethereum's transactions.

    As far as Cardano goes there is not a single DEFI project running on it yet. So right now it is all hype but it does look like it has a lot of promise and is ahead of Ethereum because they are not hampered as much by live projects. Ethereum 2.0 will be more comparable to Cardano.

    An analogy being used is that Ethereum is the old house with old electrical wiring that has been upgraded and patched many times to bring it up to snuff and Cardano is the newer home with modern electrical wiring. It is often times faster to build something new from the ground up than to upgrade something that is old and existing.
     
  15. mysticsvt

    mysticsvt southernmustangandford Premium Member Established Member

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    Thanks for all your insight, if I'm ever on the wrong track let me know. If you have any insight to share...please do so :)
     
  16. quad

    quad Well-Known Member Established Member

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    Not financial advice and you could lose everything...

    I would get some Cardano and see where it goes. Not sure if right now is the best time to buy it because it has been pumping and might drop for a lower buying opportunity. Then again it could just keep going up lol!

    I just checked Binance US and the transaction volume of Cardano is #1 right now followed by Bitcoin, Tether, Binance and then a distant fifth Ethereum. However earlier today Ethereum was pumping at 8 AM to $1680 and then dropped down. That would have been a great time to convert some ETH to ADA.

    I have some ADA but will convert more ETH to ADA after Ethereum pumps more.

    There are rumors that Elon Musk has been buying ADA. A while back he changed his twitter photo to a fork in the road.
    He has since changed his photo to a different image.

    Discover Cardano

    Purpose
    A platform built for a sustainable future, to help people work better together, trust one another, and build global solutions to global problems

    Cardano is a fork in the road. It takes us from where we’ve been to where we’re destined to go: a global society that is secure, transparent, and fair, and which serves the many as well as the few. Like the technological revolutions that have come before, it offers a new template for how we work, interact, and create, as individuals, businesses, and societies.

    Cardano began with a vision of a world without intermediaries, in which power is not controlled by an accountable few, but by the empowered many. In this world, individuals have control over their data and how they interact and transact. Businesses have the opportunity to grow independent of monopolistic and bureaucratic power structures. Societies are able to pursue true democracy: self-governing, fair, and accountable. It is a world made possible by Cardano.

    1okakizq1qi61.png
     
    Last edited: Feb 25, 2021
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  17. mysticsvt

    mysticsvt southernmustangandford Premium Member Established Member

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    He doesn't make it hard but he does make it interesting.
     
  18. quad

    quad Well-Known Member Established Member

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    This guy does think Ethereum will do well for the simple fact that Silicon Valley likes Vitalik Buterin and Ethereum could migrate to a store of value like Bitcoin. Bitcoin and Ethereum have high market caps. For Bitcoin to do a 10x from here means it has to go to almost $10 trillion. That will be much harder to do I think compared to Cardano to do a 10x putting it's market cap at $350 billion.

     
    Last edited: Feb 25, 2021
  19. quad

    quad Well-Known Member Established Member

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  20. quad

    quad Well-Known Member Established Member

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    Here are two comments from posters commenting on the video below:

    Ian Johnston4 hours ago
    Historical market trends are one thing but roll-outs of technology and systems are those watershed occuramces that break past market analysis. What is coming with Mary Hardfork, Goguen, and "liquidity event" will push this price higher.

    T Accntb2 hours ago
    This will end badly as there are no developers or institutional backing that will sustain this momentum. Big money understand this and is one of the reasons ADA has no partners.. DOT will survive but ADA long term success is dubius.

     

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