Crypto Winter Discussion

teacher

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This isn't the first crypto bear market. It's been happening since BTC went to mainnet almost like it has a pattern. 12/2013 it made ATH a year later 1/2015 it made a new bottom. New ATH 12/2017 bottoms again 12/2018, new ATH 11/2021. So, if history is going to repeat itself, we should bottom out around wintertime barring all out Nuclear War happens prior. View the chart here set it to "log" to make the ATH and bottom's more easily visible: Bitcoin price today, BTC to USD live, marketcap and chart | CoinMarketCap

When it bottoms what to do? If you are not heavy into this space or don't have a heavy appetite for volatility I would look into ETH and BTC again this is not financial advice. I don't see BTC going down to 0 due to nostalgia, 'store' of value and most coins on CEX (Central exchanges) are paired with it meaning you can use BTC to purchase other ALT coins usually without having to use FIAT. ETH is the first coin to really expand on the no middlemen with DeFi (Decentralized finance) and with the upgrade from last 9/2021 it became deflationary so now it's more suitable to be a store of value similar to BTC. IMHO ETH has more upside since there is more utility and will be going Proof of Stake in August a more energy efficient cryptographic proof and a complete upgrade to ETH 2.0 possibly by the next bull run, again not financial advice just my observations.

Things from my observation that add value to crypto that isn't real utility; Exchange listings (bigger the exchange the bigger the pump) Tweets/mentions by influencers (IE Elon Musk with dogecoin)

Utility that adds value to crypto; Blockchain that have the capability for smart contracts (these are what most if not all DeFi projects are wrapped in) and the ability to host NFT's. Being able to bridge coins from different blockchains (specifically ETH since it is the leader). Lower fees on Ethereum (When many people are using the Ethereum blockchain fees go up this is only an issue in DeFi) and increase speeds on Ethereum blockchain (Fees go up speed goes down). Some are side chains some are Ethereum "Forks", where someone picks a block on the blockchain and forks it like a fork in a road 1 becomes 2. Forks have become very popular after early 2021 blockchain was criticized due to high energy demand via Proof of Work Cryptographic proof. All the ETH forks are proof of stake a more energy efficient proof. Creation of a DAO (Decentralized Autonomous Organization). This gives the ownership of the platform back to the people. DAO tokens are governance tokens which allow you to vote on matters that will affect the protocol. Metaverse (selling virtual land, clothes in a video game universe etc.) buzz word not sure how much it's going to differ from online gaming now besides adding crypto and wallets, I guess ownership is a good thing even if that's the only difference. Staking, staking is an act of holding coins usually to add liquidity and in turn for holding your coins you earn more coins in the process. This can be done CEX and DEX's (decentralized exchange). DEX's are preferred since if a CEX goes bankrupt your coins/money are gone with it. We see that with celsius which still hasn't resumed withdrawals. Not your Wallet not your crypto!

I think I touched on most of the things. Alt coins i'm looking to increase my bags before the next bull run.

BNB-Binance Coin, powers the largest CEX by volume and they have an ETH fork called the Binance Smart Chain at its peak it was the 3rd largest crypto by market cap
Sol-Solana- New Blockchain which has smart contract combability 2nd or 3rd most used DeFi blockchain. Still in BETA at its peak i believe in briefly flipped BNB for 3rd largest
ADA- Cardano New blockchain by ETH co-founder, deployed smart contracts this year and just released an ETH bridge 2nd or 3rd most used DeFIi block chain
XRP-Ripple legacy crypto survived a crypto winter already only issue is the SEC labeled it a security, so it isn't sold on any US compliant CEX's.
XLM- Stellar survived a crypto winter already released DeFi project spring 2021 didn't gain to much traction but should still be around come next bull run
AXS- Axie- this was the most popular crypto related game so popular the creators had to move the game off the ethereum block chain because due to fees it was becoming unusable. Now it has its own ETH fork specific for block chain gamin called the Ronin Network. I heard someone say this could be the 'Steam' of the blockchain that made me extremely bullish on this ecosystem in general.
Hex- This is my wildcard created by Richard Heart he has been in the crypto space since the beginning. It is the first CD on the blockchain giving out a persistent 3.69% to stakers. Since only 10% of supply is staked stakers are getting 37% apr compounded daily. This coin came out 12/2019 and plummeted 95%. from that bottom it did 10000X meaning if you put in 100 bucks at that time at its ATH which was 9/2021 you would have been a millionaire. He now is making a fork of ETH called pulsechain for his coin hex and other ERC-20(smart contract coins on the ETH blockchain) because it's a staking coin, to stake and unstake costs fees on Ethereum which can be so high that they eat all your profits. So, his fork is supposed to be faster and cheaper
Ape- Ape coin from the creators of BAYC MAYC. Ape is supposed to take those 2 things into the metaverse. I don't see why the popularity of BAYC and MAYC won't translate to Apecoin

Shout out to Shiba inu and Dogecoin. Influencers are determined for these coins to have value so I'd put some money in them to they will most likely pump next bullrun which is set historically 4 years after the ATH which would be winter 2025-2026.

Discuss
 

WIA20XX

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Aside from BTC and ETH accumulation, I've been looking at solid top 10, top 20, top 100 coins

Return to former All Time High
ADA - 7X (Eth Co Founder - 70% out)
Dot - 8X (The other Eth Co founder, plus most of the coins are in circulation 90%)
Avalanche/AVAX - I'm not even sure what's behind the strength of AVAX, but it's been a respected Layer 1 for quite a while. 9.5X
LINK - Oracle of Choice, 9x. but they area always accused of dumping more LINK into exchanges to pay for ongoing operations.
Enjin - Gaming infrastructure play - 11X

That said, I still got a grip of coins on Voyager. Might have to say good bye.

Remember kids, not your keys, not your crypto.
 

teacher

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Aside from BTC and ETH accumulation, I've been looking at solid top 10, top 20, top 100 coins

Return to former All Time High
ADA - 7X (Eth Co Founder - 70% out)
Dot - 8X (The other Eth Co founder, plus most of the coins are in circulation 90%)
Avalanche/AVAX - I'm not even sure what's behind the strength of AVAX, but it's been a respected Layer 1 for quite a while. 9.5X
LINK - Oracle of Choice, 9x. but they area always accused of dumping more LINK into exchanges to pay for ongoing operations.
Enjin - Gaming infrastructure play - 11X

That said, I still got a grip of coins on Voyager. Might have to say good bye.

Remember kids, not your keys, not your crypto.
I know you can stake ADA and AVAX probably Link to, you can accumulate just for holding, makes the volatility a little more palatable.

I use this wallet to stake ADA and Solana they just added Flow I’ll pick some up when btc is <15k

What’s up with dots smart contract or ‘parachain’? I don’t hear much going on about it I do have one of their apps Nodle it just detects bluetooths and you accumulate coins.
 
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teacher

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I take it litecoin isn't on that list is it?
No, is there buzz around light coin? IMO all the btc forks are dying because it doesn’t do anything don’t need multiple coins like btc at least that’s my take on it. Doge gets a pass cuz the super rich want to pump it.
 
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No, is there buzz around light coin? IMO all the btc forks are dying because it doesn’t do anything don’t need multiple coins like btc at least that’s my take on it. Doge gets a pass cuz the super rich want to pump it.

LTC does do something
 

teacher

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MWEB (Mimblewimble Extension Blocks) :ufdup:

Doesn’t say anything about smart contracts doesn’t really say anything in fact. Just buzzwords like scaling and fungible surprised I didn’t see censorship resistant. And it’s not even out yet so my statement stands litecoin doesn’t do anything :stopitslime: :umad:
 
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Doesn’t say anything about smart contracts doesn’t really say anything in fact. Just buzzwords like scaling and fungible surprised I didn’t see censorship resistant. And it’s not even out yet so my statement stands litecoin doesn’t do anything :stopitslime: :umad:

erm no :mjlol: but believe what you want to believe.

i have spoken
Screenshot-2022-07-05-at-20-05-35-removebg-preview.png
 

teacher

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erm no :mjlol: but believe what you want to believe.

i have spoken
Screenshot-2022-07-05-at-20-05-35-removebg-preview.png
So explain, this is a discussion. I did a quick google it's not even the first thing that pops up when you google it. And there's almost no information on it.

No sweat off my back :manny: I'm 99.9% sure this is the beginning of my fortune with or w/o LTC.

I'm currently dabbling in short/long position on ETH and BTC here: GMX
It's defi so no tax reporting and on a layer 2 so fees are minimal :myman: This is the sh!t LTC can't do ATM.
 
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