When timing is right I'd like to get into Avalanche. Any comments around the stupidity of this decision?
The way Bitcoin's and Ethereum's chart looks like right now... it's like an AVALANCHE. Plenty of alts died this year and more will as the entire market goes down. If I were you, I'd get my hands straight on Ethereum, Bitcoin, Solana, Cardano... or anything else that's more serious than Avalanche. Get a REAL coin.
Recent Crypto crashed is due to FTT / FTX , Lost over 85% of its ATH Will this be The next Terra Luna? Timeline 9 November 2022.
Why? I personally expect to keep going down through December, January, probably February and then take off during Spring, Summer. MAYBE.
Wouldn't you rather buy the dip and invest in STAKE-able major alt coins like Solana, Cardano. Then hold for a couple of years. And by the time the market starts recovering, you'll have generated 5-25% more coins through staking.
It's a layer 2 protocol isn't it? It's not one I've looked but I've been aware of its existence for ages at so I just started reading/listening to how it works. I haven't gotten very far into it, the hard cap is appealing from a price appreciation perspective, the team claim that it's super fast, my reading/experience however says that speed always comes at the expense of security so I'd be interested to hear thoughts on that maybe @dozerz? And I've had a quick glance through the audit done in 2021 by Halborn. The Snowball consensus is interesting, for the life of me I can't see how that's faster, maybe coz it uses a DAG model. I'll delve into the whitepapers when I have time, do some research on the team, some reading on DAG, try and find a roadmap etc and then I'll probably have a listen to a couple of influencers. I really want to go straight to the influencers but that's a bit lazy.
With FTX down , Solana Chains could be the next coming down the tube. Timeline - FTX trading at $2.83 , Solana $15.37
Also astounds me that something like FTX can still currently have a 350 million dollar market cap. Am I missing something here? It’s far from zero. Back in 2014 a 10 million market cap would get you in the top 20 coins and was considered a miracle.
Big Dem donor who would have guessed haha. They havent been this mad since we took their slaves away.
they pineered the idea of parachains like swimmer for crabada, definitely has potential to be a leader with lots of l1 eth evm apps alreay working on it.
Selectively follow The Hype, In and Out quick at some Alt. Some do have some potential to go x 10 , even x 20 Just do your research.
