Discussion in 'Digital Currencies' started by SilverSale, Dec 22, 2019.
Finally above 50k!
it would be good to see 401k
waiting for 60k and kilo gold parity, abc get ready with my swap.
Friend of mine said few days back it looked like it would smash past 50k to the 65k mark. Let’s see what happens.
Surely the 1 trillion market cap will cause at least a pause. All happening a bit fast at the moment. Got to be a significant correction somewhere around the corner to flush out the over-leveraged idiots.
I still feel like the infrastructure isn't quite there for mass adoption yet and prob won't be for a couple of years.
The Miami Mayor thing is interesting though...
ARK put a price of $140K on it by 2025, which is fairly conservative compared to other pundits out there, but it does indicate mainstream acceptance (yeh, ARK is not exactly mainstream) in the finance world. So, if someone were to jump in now they could possibly be confident that even if the market corrected a number of times that their asset would climb higher in the coming years.
Now to convince the better half to dump most of our gold position and pile into some more crypto.
@hawkeye1 what infrastructure are you referring to?
Do you have ARK bags?
LOL! Actually looked in to it, seems like a decent project.
Nah, ARK Investment, Cathie Wood’s gig.
Ah thought you meant Ark Token!
It's been ripping higher and glad I've held on this long now.
I sold all my stock shares the other day with the 10 year yield rising, I'm out for now.
Watchin the cryptos is all I need woop woop!
Lol, yes, I've dumped most of my PM's for BTC at this point. Though still holding on to some. PM's might double or even triple from where they currently are but, absent hyperinflation, it's never going to be that great and they will both ultimately lose their monetary premium, I think, and then the price will be based on industrial, jewelry and collectible needs.
140K by 2025 seems extremely conservative. I think that's about what, 2.5T market cap? Something like that. Basically they are saying that it still really won't have caught on all that much by then. Seems unlikely to me. Just think about how much the market has evolved from 2015-2020. There's just so much more going on now in terms of crypto companies and it really hasn't even got going yet.
With infrastructure I just mean lending products, interest bearing accounts, apps, all that type of stuff. I know we have some now and in fact I'm using a couple to leverage my position, but I think they haven't been around for long and haven't established trust yet. You can see the market becoming more mature but it's like it's in it's teenage years, if you use the human analogy.
In fact, this seems like a very linear way of thinking about the market. I subscribe more to the exponential S-curve way of thinking. I feel sure we should be deep into the vertical section of the S-curve by that point.
Money to be made with many alts at the moment too.
So doubled down a bit and grabbed some 1inch, uni, cake and a bit more BNB last week.....boom. BNB and Cake particularly gone banana's ..well up in 24hrs
Thumbs up to @dozerz for that post as it got me to spend a bit of time doing some research on new exchange coins.
PS - next acquisition will be DODO
Look in to MDX (Mandala Exchange Token). It's the first private exchange on the Binance Cloud platform. It has the same order books as Binance, but offers a wider variety of coins and has cheaper exchange fees. I was lucky enough to get in at ICO and am holding long term.
^ Cheers, Im focusing on ones in top 10ish (Trading volume) though as part of selection criteria seeing as smaller ones have higher chance of going busto, eg:SnapEx announced shutting down as of 28th Feb so for anyone with funds in that get them out
just buy bnb, binance smart chain launched 3 weeks ago and is about to flip eth with defi on smart chain. 11 billioin in 3 weeks is not bad https://www.defistation.io/
people are saying defi coins are a good pick for future.
Some are very low cap as they are new so might be a good punt they recon
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