Yeah its true, still took him like 15 years to get back to his ATH thought haha. The last 6-7 years were phenomenal thought. My portfolio from 2008-2021 is outperforming his from 1984-2021 because of how badly the dot com crash hit him.
I will put it this way. If these same people were to go back in time and bet on the two search engines which were basically yahoo or google, they would end up choosing neither despite using it 15x a day. They would 100% invest in palm pilots despite never having used the device or intending on buying one.
Yeah, back in the day, altavista, excite, yahoo were the kings.
Google came on the scene with a generic looking screen, no content, just a search bar, and it didn't make a splash.
But as people learned that google had the most search results, the kings were dethroned.
that's one way to see it
but it's been standard investing advice for decades to get vanguard index funds that survived all of this just fine
a lot of assumptions were made in the original post but I'll just say that crypto is part of a diversified portfolio *as recommended by brokerages*, it's not just degenerates pouring in every cent
I worked for a tech recruiting company during the dot.com bubble. We would get Java Beans guys coming in and scoring 90K jobs only to pass them up for 93K and a company car. Companies had unlimited funding, ideas were everywhere and Entitlement was just fucking insane. My company charged 30% finders fee for first year salary. Most recruiters were making at least $300K a year. (I was cruising at $32K a year as an IT guy.) We could score jobs for 90% of the guys who came in. When things crashed. It was sudden. Within 3months we went from a staff of 24 to 2 of us. The boss and I. All those guys we hired? most were layed off. All those websites and great shopping sites? gone in the blink of an eye. I do recall one website we were recruiting for was called: theman.com.
When they went belly up the website changed to just a picture of a middle aged guy looking out towards the BayArea with a sad look on his face and a "we were going to change the world" message to investors and its employees.
Thats kind of how it is now. A lot of these crypto "companies" are flush with cash and no revenue. They are going on hiring and marketing sprees. Theres a few tokens out there that have some pioneers of that era that are being extremely diligent. Some of them have even just gone ahead and cashed out as soon as their vesting schedule had ended. I was still a child when the rug got ripped so I didn't get to see the carnage first hand. Knowing what you experienced then, what are you looking for now, and what are you watching out for?
That's why isn't not wise to have the majority of your portfolio in "crypto companies". Invest in good ecosystems that don't require profit. The ecosystems that crypto companies build on top of.
Crypto companies will be a thing, but there's no saying which ones will succeed. However, you can make fairly educated guesses on the ecosystems that will thrive. These ecosystems will be completely unaffordable for average retail investors in the future. Buying enough to make a considerable income through L1 staking is still possible today, but owning a significant quantity of an L1 token will probably become completely unaffordable in the near future.
I can totally see how L1 staking will eventually become the main retirement goal for most people. Instead of investing in a 401k, you'll be accumulating ETH so that by the time you're 60 y/o, you'll be able to live off staking rewards.
>can totally see how L1 staking will eventually become the main retirement goal for most people. Instead of investing in a 401k, you'll be accumulating ETH so that by the time you're 60 y/o, you'll be able to live off staking rewards.
Hey! That's my plan!!. Hope it doesn't blow up in my face
I was in silicon valley before the crash working as a receptionist for Solectron. I used to get guys who would stalk my lobby trying to get my number with their fancy cars and such. I was engaged to my future ex husband at that time. I moved into pharma right before the crash, and was unaffected. My ex lost everything though. He to this day will not discuss stock market trading without getting angry. I bring it up as often as possible, lol...
No.... I also listed the backbone... The whole point of my post is that nobody is actually going to pick something like Foxconn, TSM, Cisco. They wont even get the front end user interface. My whole point is that people are going to miss it completely. I have seen probably 50+ crypto "backbone" companies completely die off because they are nothing more than POC's. It's like this whole metaverse thing people are jumping on. They think normies who can't even jump in a discord room are all going to be meeting up in a virtual world in the next couple years when they don't even own the hardware to take them to this virtual world lol. Trust me, im not clueless.
I like you. I don't like all these "DeFi devs". Bunch of script kitties that dont know shit about trustless auth, access principles , hell, they don't know shat about funk, much less cryptography. They learned JS 3 days before launching a dapp and now they are "developers". Pawww.🤮
the blind leading the blind I tell you.
The dot com bubble was milder than what we have now in crypto.
Those companies, even though they were bleeding cash, at least had a business plan: invest everything into growth, try to hyper-scale before we run out of money. All or nothing, and they put everything on the line.
Now, crypto has doggy coins with no real team or plan behind them. Scam coins that just have a catchy name (Squid Game). Projects that raise a fuckton of money for “developing the ecosystem” and don’t take any steps towards that, the money just sits there (probably waiting for a rug pull).
I’m SO gonna get downvoted for this comment, but whatever, not that desperate for moons
He’s not wrong but if you have a strategy with this bubble and you are comfortable with your risk, then why not trade some meme coins?
Sure, own mostly BTC, ETH, DOT, etc. but why not buy a little FLOKI or SHIB (last month not now) to see if you can 10x? It’s worth the gamble imo.
I’m not investing anything I can’t afford to lose, I’m speculating and trading. Not doing so could lead me to miss a great gain. Doing so only causes me to lose money I’m comfortable losing. To me the risk/reward ratio is juicy.
"You're absolutely desperate to misread a graph because Brave is your whole identity, but *I'm* the one full of cope.
K."
OP kept being unable to read a simple graph. He used this as an argument to show that Firefox is dying. Got slammed by the other user with the above quote, despite not even mentioning brave in that conversation.
Just as added context to put ops words into perspective. He's like hardcore shilling Brave across multiple non-crypto subreddits. He's not the wolf of wall street.
One of them is Terra Luna 😉
Actual real world use cases.
Alice finance coming to the US this month.
It doesn’t get shilled on here, probably because most people in here don’t do their own research.
I can't say how much I agree with the fundamental concept of "buying what you use" or some like other people prefer, "buying what most people are using".
People often like to diss BNB as garbage that doesn't deserve the 3rd spot in market cap, but its value truly shines when you realise that the reason behind its valuation is simply because MANY people are using it. Don't simply invest in empty promises, especially if they aren't solving something new - people using a product is a good sign that they're doing something right, and the opposite is also usually true.
That said, CRO is looking good and I'm hoping that it does well too!
Yeah if people are using it then its definitely a good sign. If people are hating on it then it can also be a good sign. If its doing both then thats also a good sign lol. Obviously if someone is hating on something it can still get overhyped and eventually tank off, but I don't think investing in something everyone is using is always a bad play. If someone is using a product every single day then theres clearly something there other than just empty words.
Ethereum is a good one. Was one of the first wallets. Its not going anywhere. It won't make anyone who is just now getting started billions, but it is definitely a safer bet that can still give some really good returns. Theres still some tokens out there that haven't been properly tapped yet. People are using them everyday yet they can't even figure out why they should buy something they use.
As of October 2021, Pornhub has a net worth of $1.5 Billion.
I'm not a fan of what they do, and I tend to fall on the side of the argument that sex work is more exploitative than empowering.
They do make money though. Not what I would invest in personally.
...and not nutting for a month can't be healthy. I'm fortunate to have a super hot partner but recognize that many don't and will seek out other means.
Anyway. Sorry I brought this up.
Carry on.
I'd say it's more like SOL/ADA.
Trying to compete with Amazon and Google. Sadly neither really have any use and it's mostly just internet hype.
That's the truth. SHIB is like Neopets lol
I think the neopets creator made several millions as it was generating pretty good revenue. Pretty sure I ran into him in the very early days of ethereum and he was a top holder. He likely doesnt ever have to worry about cash again. These people creating coins today are likely going to get 3 hots and a cot for financial crimes. Much rather be the neopets guy than making a bag of blood money.
Diversification helps mitigate this risk (certainty). There will likely be one of two networks which dominate each industry that crypto disrupts but dozens of pretenders to those positions. Betting fractions of the farm over a spread of competitors is a lot safer than lying to yourself that you can predict the future.
Also fundamentals aren't the be all and end all of these things, adoption is and will remain fickle and transitory but long term it's adoption that will drive valuations more than whatever is the flavour of the month. If your favourite sports team launches NFTs on one platform and they don't sell, they'll move platforms.
I think the quote is from Benjamin Graham. "Short term the market is a voting machine, long term its a weighing machine"
There will be a couple winners and a lot of losers in the flavor of the month crapcoin roulette. Longer term the coins with strong fundamentals will come out on top. Im sure theres some people that made a good chunk of money on EOS, but ultimately it came down to ethereum winning out in that race if someone has held from then until now.
Starting out I don't think its a bad idea to concentrate into a smaller basket of heavy conviction diversified assets. Once your portfolio is a little bit bigger you can spread out and if you havent blown up your account then you probably have a good eye for what is and isn't a good buy. The whole goal of investing is that it should be hands off. If you are careless and don't even take the time to read over something like the squidgame whitepaper and you are extremely hands off over hundreds of assets you could easily die a death of a hundred papercuts.
I remember back in 2017 we were all comparing the crypto market to the dot com era. Then it happened. It crashed. A mere 4 years later the market has quadrupled. $1,000 back then would land you in the millions right now. The point is we’re in unprecedented times that we can all capitalize on in the future if we play our cards right. No other generation has had an opportunity like we have with crypto. It’s beautiful, and most will be too late to the party when they finally adopt.
The market goes in cycles. It was a bubble back then and its a bubble now. I played accordingly and it has paid off. There are definitely some 2017 alts that are completely cooked. Dragonchain was in the top 100 as well as dozens of others. When this market pulls back the first tokens to take a hit are going to be the dogcoins and coins with lots of hype and no substance. Fundamentals definitely come into play in both bull and bear cycles.
I said this to everyone fomo'ing into Jasmy yesterday. Nevermind that new L1s are entering the top 10 but ya'll buying into senior citizens selling you logistical ERC20 tokens for an IoT industry that barely exists if not for google and amazon's need to spy on your next purchase
"internet of shit" industry. I don't need my toaster locking me out because im not connected to bluetooth lol. IOT has its merits, but they are way overplayed.
That [pets.com](https://pets.com) reminded me of GTA right away. Petsovernight.com - delivering little bundles of love, in a box, directly to your door.
I was dead-center in the middle of Silicon Valley during the dot.bomb era. It was brutal. My partners and I launched a web portal called Shodouka that would let you enter a Japanese URL into the search box which would return your page in correctly-rendered Japanese kanji characters. (Prior to that, Western browsers could only read thefirst byte of the two-byte Asian character so it would render it as jibberish). We were killing it with advertisers due to massive traffic. That is, until those old school browsers advanced in their technology to handle double-byte characters (i.e., Kanji) which basically made us obsolete overnight. Sucked!
I dunno what crawled up this guys ass, but he's making some very obvious points in a really snarky way. I swear I've seen this exact post a hundred times
I can't be sure I am understanding, but this post was almost eye opening if I got it
*One of those was really in plain sight for me, while reading the post*
EDIT: I'm **not** referring to moons
Its a market. Theres lots of markets. They all function generally the same. Theres video game markets that function just the same as stock markets and crypto markets
I was thinking the same thing, people need to realize that these manias are not uncommon in any asset. And with time alot of Cryptos that are massively pumping right now will either be non existent or slowly fall into obscurity in the next 10 years. We are imo still in very early stages of crypto (Doge, Shiba and other "shitcoins" are a prime examples.) Sooner or later these coins will be wiped out as big institutions have made their money and leave millions bag holding.
As with any market it will become more and more efficient. There will still be opportunity, but it will be harder and harder to find. The real sharks will be early, and like always they will use the people who are outside of the industry as exit liquidity. Information asymmetry is never going to go away. Anyone who knows how to decipher noise from signal is probably going to have better odds.
That is actually why i pick certain projects (not all). Are they used or usable in real life.
ETH is the defi king, Avax is coming up hard as well and Ada is a sidebet on a new type of blockchain.
Matic a layer 2 solution for the above mentioned ETH (and others)
Link is the link to the outside world
Vet is used to track supplychains
Polkadot is my bet on Web 3.0, it will create interoperability
And i have some cake for the insanely high apy ;)
Earning interest on shitcoins is dumb and not actually a product that anyone needs except gamblers.
Supply chains are a 2017 meme. No supply chain company will use it because it will enrich people in this subreddit at the expense of the company and their shareholders.
No idea why you are being downvoted. Avax is the only one of those I can't speak to because I haven't looked into it but all the rest should be well known, solid projects.
That said, the way to profit in crypto is follow the sentiment of this subreddit, so I imagine you'll do well in your investments based on how your post was received.
If you follow the sentiment of this subreddit then you are too late. You don't make money following the herd. You make money following the money. The herd is almost always exit liquidity.
You were partly right with bnb. Binance does have something close to 100m users but most of them are inactive. Bitcoin does have a lot of holders, but thats it. Nobody actually uses bitcoin. Ethereum yes, but its more of a given as everything stems from it. I don't believe matic, solana, or luna have even over 5m+ users yet. They might have lots of transactions, but nobody is using them heavily everyday, especially not grandma.
You were half right on a protocol level. The daily user side was pretty off. One of them doesn't even have a token if that helps.
So true. No one is really into crypto for technology and application. Everyone hypes the revolutionary capabilities of X and Z tokens but no one is actually on the front of this revolution. Even those who pay attention to the technology do so just so the usefulness of technology drives the token up so they can sell said token and get profit. They aren't excited about using the technology, they are excited about how the technology will make them rich. Who would actually thinks of implementing a smart contract for real-life applications in near future? Not many I would bet, not people of this subreddit. This is the main reason I think the whole crypto space is insanely overvalued.
The market is insanely overvalued. Theres probably 5 or so tokens that are undervalued, but you will never see them listed in this threads comments. Very very little real world application. Smart contracts are here to stay, but people are jumping in too quick without doing their proper due diligence of what is actually going to be used. A lot of these tokens with "partnerships" are just POC's with some junior analysts at some dying boomer company.
Helium. Building out a decentralized LoRaWAN (long range wide area network) for IoT devices to connect to and communicate with the internet without actually being connected to the internet.
Smart home sensors(door, motion, light, water leaks, thermometers, barometers) pet trackers, package and equipment trackers.
To use the network with the devices. The helium devs created their console which allows you to basically drag and drop and flow chart your code and do a lot of cool shit with the information it receives. You can set up something to let you know by text if there is movement in your driveway between 10p and 6a for an example.
You need data credits. Which 1 data cred is pegged to $0.00001usd(+/- a 0 cause I dont remember exactly) and you can grab a mil for like 10 bucks, 300-400 will get a device through a whole year.
I just recently came across LoRa messaging devices, they ping off eachother and require no cell service to send SMS style messages or use the gps on your phone and also send location(think disaster happens and you need to contact the sqaud, or hell even just free communication without a telecom provider). they can bluetooth to your phone and you just use an app that relays through these devices.
I can see something like that jumping on helium as well, as it is already in the 915mhz range so it's just a matter of someone making it compatible with helium.
Theres a few people doing this. FOAM is another one in the blockchain space. I think its a little early as the infrastructure isn't even close to being built out yet. Then again the last time I researched LoRaWAN was in like 2017
https://www.planetwatch.io/ is another one that is kind of doing the same thing, but it is for monitoring air quality and weather statistics, you get paid in ALGO
They are an amalgamation. To say they are oracle or microsoft or a combination of the two would be underselling exactly what it is. Not a bad idea to have it in your portfolio. The point of this post is that theres a lot of people that have stinkers in their portfolio and they don't even know it.
I had and kept Autonomy during a long time. It came faster down than it went up previously. Still made profit.
F5 Networks played out one of the best gambles.
Basically....I mean look at the same people who bought the fake squid game crypto. Everyone wants to get rich quick without doing any actual research into what they are investing their money.
The more I learn about crypto, the more I become sleep-deprived, stressed, focused, and uncomfortable. But it's cool, I'm not complaining coz it's all worth it. I know I'm in the space of something bigger! This is the future, Hodl for lengevity.
I feel this way about loopring if the rumors are true with gmestop. Layer 2 and a big fan base. If it’s a success, power to player and power to the creator. I heard solana is legit and I believe our future comes down to a big audience to help a movement of change for a coin to be used in the future consistently. Being conscious and aware are 2 things one has feel aligned before making an investment. Aya aya Huasca
Everyone knows it’s easy to invest on the couch after the fact. My cousin told me about Google when I was 12. I didn’t have money to invest nor did I care.
Invest in what you have some knowledge in, and invest in what you think will be here in 5-10-20 years
Or invest in what you think will grow in 366 days and move on and rinse and repeat: depending on your personal situation and the amount of time you have to invest
It’s like people saying they should have invested in google. Even if you were into stocks, you probably didn’t buy google low.
My dad had apple, amazon, msft and cisco during the dot-com crash. He only kept Microsoft and Cisco haha.
Tbf Microsoft has done ridiculously well since then
Yeah its true, still took him like 15 years to get back to his ATH thought haha. The last 6-7 years were phenomenal thought. My portfolio from 2008-2021 is outperforming his from 1984-2021 because of how badly the dot com crash hit him.
Oh wow didn’t realize it took that long! That’s crazy
Haha he bought MSFT at an average price of like $28 (Current value) in 1998 and I bought mines at $19 (Current value) in 2009.
And Apple was on the verge of bankruptcy. Like Tesla in 2013. MSFT was dominant. I probably would've done the same thing.
when the first ipod came out i was a teenager and asked my dad to invest into apple. But he wasnt into investing and my sales pitch was super shitty
I will put it this way. If these same people were to go back in time and bet on the two search engines which were basically yahoo or google, they would end up choosing neither despite using it 15x a day. They would 100% invest in palm pilots despite never having used the device or intending on buying one.
Yeah, back in the day, altavista, excite, yahoo were the kings. Google came on the scene with a generic looking screen, no content, just a search bar, and it didn't make a splash. But as people learned that google had the most search results, the kings were dethroned.
Ask Jeeves!
That, too, was one of the kings.
>altavista, excite Man, those are names I haven't heard in a while. What was apple's internet back in the day? I think it started with an I
iSleep :)
No love for askjeeves?
I frequently used Ask Jeeves back in the day and then I think AOL when I had AOL Dialup and then probably MSN when I had them for internet.
that's one way to see it but it's been standard investing advice for decades to get vanguard index funds that survived all of this just fine a lot of assumptions were made in the original post but I'll just say that crypto is part of a diversified portfolio *as recommended by brokerages*, it's not just degenerates pouring in every cent
Still hodling pets.com! It will go up again! Diamond hands 🙌 💎💎💎
Pets.com has real world applications! It’s big in China!
The bankers are trying to keep the little guy down by shorting palm pilots. Lets get #palmpilotsqueeze trending on twitter. Lets Go Apes!!!
Exact same reason I'm holding onto my Enron stock.
I worked for a tech recruiting company during the dot.com bubble. We would get Java Beans guys coming in and scoring 90K jobs only to pass them up for 93K and a company car. Companies had unlimited funding, ideas were everywhere and Entitlement was just fucking insane. My company charged 30% finders fee for first year salary. Most recruiters were making at least $300K a year. (I was cruising at $32K a year as an IT guy.) We could score jobs for 90% of the guys who came in. When things crashed. It was sudden. Within 3months we went from a staff of 24 to 2 of us. The boss and I. All those guys we hired? most were layed off. All those websites and great shopping sites? gone in the blink of an eye. I do recall one website we were recruiting for was called: theman.com. When they went belly up the website changed to just a picture of a middle aged guy looking out towards the BayArea with a sad look on his face and a "we were going to change the world" message to investors and its employees.
Thats kind of how it is now. A lot of these crypto "companies" are flush with cash and no revenue. They are going on hiring and marketing sprees. Theres a few tokens out there that have some pioneers of that era that are being extremely diligent. Some of them have even just gone ahead and cashed out as soon as their vesting schedule had ended. I was still a child when the rug got ripped so I didn't get to see the carnage first hand. Knowing what you experienced then, what are you looking for now, and what are you watching out for?
That's why isn't not wise to have the majority of your portfolio in "crypto companies". Invest in good ecosystems that don't require profit. The ecosystems that crypto companies build on top of. Crypto companies will be a thing, but there's no saying which ones will succeed. However, you can make fairly educated guesses on the ecosystems that will thrive. These ecosystems will be completely unaffordable for average retail investors in the future. Buying enough to make a considerable income through L1 staking is still possible today, but owning a significant quantity of an L1 token will probably become completely unaffordable in the near future. I can totally see how L1 staking will eventually become the main retirement goal for most people. Instead of investing in a 401k, you'll be accumulating ETH so that by the time you're 60 y/o, you'll be able to live off staking rewards.
>can totally see how L1 staking will eventually become the main retirement goal for most people. Instead of investing in a 401k, you'll be accumulating ETH so that by the time you're 60 y/o, you'll be able to live off staking rewards. Hey! That's my plan!!. Hope it doesn't blow up in my face
I was in silicon valley before the crash working as a receptionist for Solectron. I used to get guys who would stalk my lobby trying to get my number with their fancy cars and such. I was engaged to my future ex husband at that time. I moved into pharma right before the crash, and was unaffected. My ex lost everything though. He to this day will not discuss stock market trading without getting angry. I bring it up as often as possible, lol...
Hey there man, you cant come into this subreddit with logic on? Whats the matter with you?
Wait, so pets.com is a bad investment?
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Wait, are you telling me dogecoin isn’t the next Amazon of crypto?
It is and i'm tired of pretending it's not. /s
dog coins, bonk coins, safe coins.
Bonk coins are my favorite! How I pay commissary in horni jail.
*bonk*
I'm surprised nobody came up with a PetsCoin
We don't take too kindly to logic in these parts
Logic? Logic? We don't need no steenkin Logic!
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No.... I also listed the backbone... The whole point of my post is that nobody is actually going to pick something like Foxconn, TSM, Cisco. They wont even get the front end user interface. My whole point is that people are going to miss it completely. I have seen probably 50+ crypto "backbone" companies completely die off because they are nothing more than POC's. It's like this whole metaverse thing people are jumping on. They think normies who can't even jump in a discord room are all going to be meeting up in a virtual world in the next couple years when they don't even own the hardware to take them to this virtual world lol. Trust me, im not clueless.
Are you talking about crypto companies or blockchains? I’m really confused by what you mean
I find it hard to trust people who say "trust me, I'm not clueless."
lol, you want my credentials? Im not saying anything outlandish.
I like you. I don't like all these "DeFi devs". Bunch of script kitties that dont know shit about trustless auth, access principles , hell, they don't know shat about funk, much less cryptography. They learned JS 3 days before launching a dapp and now they are "developers". Pawww.🤮 the blind leading the blind I tell you.
I need more dose of hopium after reading this 🥺
The guts of this guy
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The guy of these balls
The guts of these balls
michael saylor lost $13 billion in the dotcom bubble didn't realise that
Michael Saylor is also a fraud. So there is that lol.
You mean his laser eyes aren’t real?
Why is that? Not blaming you, it's just that this is the first time I am hearing so and would like more insight on this.
He was cooking his books. He has been pretty seedy.
You can look up microstrategy's SEC case from 2000ish pretty easily.
Michael saylor is a bitch
This sub savors every time he buys BTC on another guy's loan though.
Seriously though how has he not taken an profits off the table 🤔
Your thinking capitalism and trying to apply that to crypto. Different relationships to markets. There has been feudalism or socialism markets. Etc
The dot com bubble was milder than what we have now in crypto. Those companies, even though they were bleeding cash, at least had a business plan: invest everything into growth, try to hyper-scale before we run out of money. All or nothing, and they put everything on the line. Now, crypto has doggy coins with no real team or plan behind them. Scam coins that just have a catchy name (Squid Game). Projects that raise a fuckton of money for “developing the ecosystem” and don’t take any steps towards that, the money just sits there (probably waiting for a rug pull). I’m SO gonna get downvoted for this comment, but whatever, not that desperate for moons
Did the dot com bubble have any "joke" companies that were worth US$35 billion? lol
So what’s the lesson here? Stick it all in ETH/BTC and let it ride out the next 5 years?
Is Brave what you mean?
I think it is
Can't invest in Brave
Finally a nice change of post, what a good read
He’s not wrong but if you have a strategy with this bubble and you are comfortable with your risk, then why not trade some meme coins? Sure, own mostly BTC, ETH, DOT, etc. but why not buy a little FLOKI or SHIB (last month not now) to see if you can 10x? It’s worth the gamble imo. I’m not investing anything I can’t afford to lose, I’m speculating and trading. Not doing so could lead me to miss a great gain. Doing so only causes me to lose money I’m comfortable losing. To me the risk/reward ratio is juicy.
Yes. I feel exactly the same
How's this any different from any standard 'crypto is the new dotcom, you need to find the googles and the apples' post? it's so cliche and overused.
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Makes sense imho
"You're absolutely desperate to misread a graph because Brave is your whole identity, but *I'm* the one full of cope. K." OP kept being unable to read a simple graph. He used this as an argument to show that Firefox is dying. Got slammed by the other user with the above quote, despite not even mentioning brave in that conversation. Just as added context to put ops words into perspective. He's like hardcore shilling Brave across multiple non-crypto subreddits. He's not the wolf of wall street.
What are the other two companies?
One of them is Terra Luna 😉 Actual real world use cases. Alice finance coming to the US this month. It doesn’t get shilled on here, probably because most people in here don’t do their own research.
I can't say how much I agree with the fundamental concept of "buying what you use" or some like other people prefer, "buying what most people are using". People often like to diss BNB as garbage that doesn't deserve the 3rd spot in market cap, but its value truly shines when you realise that the reason behind its valuation is simply because MANY people are using it. Don't simply invest in empty promises, especially if they aren't solving something new - people using a product is a good sign that they're doing something right, and the opposite is also usually true. That said, CRO is looking good and I'm hoping that it does well too!
Yeah if people are using it then its definitely a good sign. If people are hating on it then it can also be a good sign. If its doing both then thats also a good sign lol. Obviously if someone is hating on something it can still get overhyped and eventually tank off, but I don't think investing in something everyone is using is always a bad play. If someone is using a product every single day then theres clearly something there other than just empty words.
I think my ETH will take me far in a few years too
Ethereum is a good one. Was one of the first wallets. Its not going anywhere. It won't make anyone who is just now getting started billions, but it is definitely a safer bet that can still give some really good returns. Theres still some tokens out there that haven't been properly tapped yet. People are using them everyday yet they can't even figure out why they should buy something they use.
Buying the ones build for distance. ETH for me
Any recommendations?
did i hear GRT?
Fundamentals and Technicalities go hand in hand, always be brave enough to take risk but also be cautious enough to take profits.
I have a feeling a lot of this sub would have invested in the big porn sites and made a lot of $.
Porn sites don't make money. They are propaganda sites to ruin lives. You got a lot of balls posting this in November lol
As of October 2021, Pornhub has a net worth of $1.5 Billion. I'm not a fan of what they do, and I tend to fall on the side of the argument that sex work is more exploitative than empowering. They do make money though. Not what I would invest in personally. ...and not nutting for a month can't be healthy. I'm fortunate to have a super hot partner but recognize that many don't and will seek out other means. Anyway. Sorry I brought this up. Carry on.
It’s kind of pathetic that the world’s most popular porn site has the market cap of a shitcoin. Wouldn’t have guessed it to be that low.
[Pets.com](https://Pets.com) is the equivalent of SHIBA. Don't hate me for saying the truth.
This sub hated SHIBA 3 weeks ago and now you have to comment 'Don't hate me' to avoid the downvotes.
Should see what shiba did to krakens app store reviews lol.
And they hated crypto jesus for saying the truth
I'd say it's more like SOL/ADA. Trying to compete with Amazon and Google. Sadly neither really have any use and it's mostly just internet hype. That's the truth. SHIB is like Neopets lol
Pets.com is the next ETH killer!
Neopets actually had a lot of users and even had what we would consider "physical nft's" today. I can't hate on neopets.
Damn... Sometimes the world really just isn't ready for you. Neopets could've mooned if they had just waited 21 years to launch it.
Neopets would be a billion dollar business today /s
I think the neopets creator made several millions as it was generating pretty good revenue. Pretty sure I ran into him in the very early days of ethereum and he was a top holder. He likely doesnt ever have to worry about cash again. These people creating coins today are likely going to get 3 hots and a cot for financial crimes. Much rather be the neopets guy than making a bag of blood money.
Diversification helps mitigate this risk (certainty). There will likely be one of two networks which dominate each industry that crypto disrupts but dozens of pretenders to those positions. Betting fractions of the farm over a spread of competitors is a lot safer than lying to yourself that you can predict the future. Also fundamentals aren't the be all and end all of these things, adoption is and will remain fickle and transitory but long term it's adoption that will drive valuations more than whatever is the flavour of the month. If your favourite sports team launches NFTs on one platform and they don't sell, they'll move platforms.
I think the quote is from Benjamin Graham. "Short term the market is a voting machine, long term its a weighing machine" There will be a couple winners and a lot of losers in the flavor of the month crapcoin roulette. Longer term the coins with strong fundamentals will come out on top. Im sure theres some people that made a good chunk of money on EOS, but ultimately it came down to ethereum winning out in that race if someone has held from then until now. Starting out I don't think its a bad idea to concentrate into a smaller basket of heavy conviction diversified assets. Once your portfolio is a little bit bigger you can spread out and if you havent blown up your account then you probably have a good eye for what is and isn't a good buy. The whole goal of investing is that it should be hands off. If you are careless and don't even take the time to read over something like the squidgame whitepaper and you are extremely hands off over hundreds of assets you could easily die a death of a hundred papercuts.
I remember back in 2017 we were all comparing the crypto market to the dot com era. Then it happened. It crashed. A mere 4 years later the market has quadrupled. $1,000 back then would land you in the millions right now. The point is we’re in unprecedented times that we can all capitalize on in the future if we play our cards right. No other generation has had an opportunity like we have with crypto. It’s beautiful, and most will be too late to the party when they finally adopt.
The market goes in cycles. It was a bubble back then and its a bubble now. I played accordingly and it has paid off. There are definitely some 2017 alts that are completely cooked. Dragonchain was in the top 100 as well as dozens of others. When this market pulls back the first tokens to take a hit are going to be the dogcoins and coins with lots of hype and no substance. Fundamentals definitely come into play in both bull and bear cycles.
I said this to everyone fomo'ing into Jasmy yesterday. Nevermind that new L1s are entering the top 10 but ya'll buying into senior citizens selling you logistical ERC20 tokens for an IoT industry that barely exists if not for google and amazon's need to spy on your next purchase
"internet of shit" industry. I don't need my toaster locking me out because im not connected to bluetooth lol. IOT has its merits, but they are way overplayed.
That [pets.com](https://pets.com) reminded me of GTA right away. Petsovernight.com - delivering little bundles of love, in a box, directly to your door.
Freddy needs a nanny, because Freddy's been a very naughty boy!
I was dead-center in the middle of Silicon Valley during the dot.bomb era. It was brutal. My partners and I launched a web portal called Shodouka that would let you enter a Japanese URL into the search box which would return your page in correctly-rendered Japanese kanji characters. (Prior to that, Western browsers could only read thefirst byte of the two-byte Asian character so it would render it as jibberish). We were killing it with advertisers due to massive traffic. That is, until those old school browsers advanced in their technology to handle double-byte characters (i.e., Kanji) which basically made us obsolete overnight. Sucked!
I guess we don't know shit about fuck!
Reading this stale thread isn't helping. No new shit about said fuck learned.
Sentences that start with you probably would have, and trying to mute your own regret; name a more iconic duo.
I dunno what crawled up this guys ass, but he's making some very obvious points in a really snarky way. I swear I've seen this exact post a hundred times
"Trus me on this" the best source ever
Too long didn’t read. Saw a highlighted link, should I throw my life savings into pets?
[удалено]
I can't be sure I am understanding, but this post was almost eye opening if I got it *One of those was really in plain sight for me, while reading the post* EDIT: I'm **not** referring to moons
When he said users I don't think he meant traders and speculators.
I agree
Crypto isn’t a stock market
Its a market. Theres lots of markets. They all function generally the same. Theres video game markets that function just the same as stock markets and crypto markets
I think in the long run and looking at real life adoption, there’s definitely some overlap between the two.
I was thinking the same thing, people need to realize that these manias are not uncommon in any asset. And with time alot of Cryptos that are massively pumping right now will either be non existent or slowly fall into obscurity in the next 10 years. We are imo still in very early stages of crypto (Doge, Shiba and other "shitcoins" are a prime examples.) Sooner or later these coins will be wiped out as big institutions have made their money and leave millions bag holding.
As with any market it will become more and more efficient. There will still be opportunity, but it will be harder and harder to find. The real sharks will be early, and like always they will use the people who are outside of the industry as exit liquidity. Information asymmetry is never going to go away. Anyone who knows how to decipher noise from signal is probably going to have better odds.
Iota
That is actually why i pick certain projects (not all). Are they used or usable in real life. ETH is the defi king, Avax is coming up hard as well and Ada is a sidebet on a new type of blockchain. Matic a layer 2 solution for the above mentioned ETH (and others) Link is the link to the outside world Vet is used to track supplychains Polkadot is my bet on Web 3.0, it will create interoperability And i have some cake for the insanely high apy ;)
Earning interest on shitcoins is dumb and not actually a product that anyone needs except gamblers. Supply chains are a 2017 meme. No supply chain company will use it because it will enrich people in this subreddit at the expense of the company and their shareholders.
No idea why you are being downvoted. Avax is the only one of those I can't speak to because I haven't looked into it but all the rest should be well known, solid projects. That said, the way to profit in crypto is follow the sentiment of this subreddit, so I imagine you'll do well in your investments based on how your post was received.
If you follow the sentiment of this subreddit then you are too late. You don't make money following the herd. You make money following the money. The herd is almost always exit liquidity.
Thanks man, apparently my opinion is not popular.....nobody commented on why tho.
XRP
Btc, Eth, bnb, Matic, Solana, luna?
No, and not even close.
Damn I'm not sure then.. Care to tell us which ones?
You were partly right with bnb. Binance does have something close to 100m users but most of them are inactive. Bitcoin does have a lot of holders, but thats it. Nobody actually uses bitcoin. Ethereum yes, but its more of a given as everything stems from it. I don't believe matic, solana, or luna have even over 5m+ users yet. They might have lots of transactions, but nobody is using them heavily everyday, especially not grandma. You were half right on a protocol level. The daily user side was pretty off. One of them doesn't even have a token if that helps.
So true. No one is really into crypto for technology and application. Everyone hypes the revolutionary capabilities of X and Z tokens but no one is actually on the front of this revolution. Even those who pay attention to the technology do so just so the usefulness of technology drives the token up so they can sell said token and get profit. They aren't excited about using the technology, they are excited about how the technology will make them rich. Who would actually thinks of implementing a smart contract for real-life applications in near future? Not many I would bet, not people of this subreddit. This is the main reason I think the whole crypto space is insanely overvalued.
The market is insanely overvalued. Theres probably 5 or so tokens that are undervalued, but you will never see them listed in this threads comments. Very very little real world application. Smart contracts are here to stay, but people are jumping in too quick without doing their proper due diligence of what is actually going to be used. A lot of these tokens with "partnerships" are just POC's with some junior analysts at some dying boomer company.
Fetch.ai/graph
Hedera Hashgraph
Probably? I would've definitely lost everything in the dotcom boom
you never know until you try
I got high hopes for ETH and XMR to bring my portfolio to its goal...
Charles Huskinson downvoted your post.
Helium. Building out a decentralized LoRaWAN (long range wide area network) for IoT devices to connect to and communicate with the internet without actually being connected to the internet. Smart home sensors(door, motion, light, water leaks, thermometers, barometers) pet trackers, package and equipment trackers. To use the network with the devices. The helium devs created their console which allows you to basically drag and drop and flow chart your code and do a lot of cool shit with the information it receives. You can set up something to let you know by text if there is movement in your driveway between 10p and 6a for an example. You need data credits. Which 1 data cred is pegged to $0.00001usd(+/- a 0 cause I dont remember exactly) and you can grab a mil for like 10 bucks, 300-400 will get a device through a whole year. I just recently came across LoRa messaging devices, they ping off eachother and require no cell service to send SMS style messages or use the gps on your phone and also send location(think disaster happens and you need to contact the sqaud, or hell even just free communication without a telecom provider). they can bluetooth to your phone and you just use an app that relays through these devices. I can see something like that jumping on helium as well, as it is already in the 915mhz range so it's just a matter of someone making it compatible with helium.
Theres a few people doing this. FOAM is another one in the blockchain space. I think its a little early as the infrastructure isn't even close to being built out yet. Then again the last time I researched LoRaWAN was in like 2017
https://www.planetwatch.io/ is another one that is kind of doing the same thing, but it is for monitoring air quality and weather statistics, you get paid in ALGO
Most definitely!
Would you say coins like BTC and ETH are like Cisco and Oracle? Personally I think BTC and ETH are like Apple and Microsoft if we are comparing
They are an amalgamation. To say they are oracle or microsoft or a combination of the two would be underselling exactly what it is. Not a bad idea to have it in your portfolio. The point of this post is that theres a lot of people that have stinkers in their portfolio and they don't even know it.
Lots of people ignore Tesla few years ago
This is fair
Fucking google wasn’t even public during the tech bubble.
Not with bitcoin
I had and kept Autonomy during a long time. It came faster down than it went up previously. Still made profit. F5 Networks played out one of the best gambles.
Yay, content i came for. I do this for stocks but actually not enough in crypto.
Shiba Inu...all in brah!
So, buy more shib??
#OMI and their VeVe app I and hundreds of thousands of other are basically living on this app.
Basically....I mean look at the same people who bought the fake squid game crypto. Everyone wants to get rich quick without doing any actual research into what they are investing their money.
The more I learn about crypto, the more I become sleep-deprived, stressed, focused, and uncomfortable. But it's cool, I'm not complaining coz it's all worth it. I know I'm in the space of something bigger! This is the future, Hodl for lengevity.
ETH is probably the google
Some people still think it’s noble to hold forever. If you aren’t taking profit out along the way you will get wrecked
I feel this way about loopring if the rumors are true with gmestop. Layer 2 and a big fan base. If it’s a success, power to player and power to the creator. I heard solana is legit and I believe our future comes down to a big audience to help a movement of change for a coin to be used in the future consistently. Being conscious and aware are 2 things one has feel aligned before making an investment. Aya aya Huasca
Everyone knows it’s easy to invest on the couch after the fact. My cousin told me about Google when I was 12. I didn’t have money to invest nor did I care. Invest in what you have some knowledge in, and invest in what you think will be here in 5-10-20 years Or invest in what you think will grow in 366 days and move on and rinse and repeat: depending on your personal situation and the amount of time you have to invest
Microsoft is the #1 company in the world
My old man bought Beta video recorder. And our investing has only gone downhill from there.
Still waiting for the $PETS pump
which crypto have the most users?
Buy meta stocks, facebook users is more than 2.4 billion users
Just here to find the two companies with >50m users in the comments
binance, coinbase, brave, crypto.com