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The possibility definitely exists that the top coins that end up "making it" if (when) crypto gets mass adoption and ends up powering Web3 aren't in the current top ten or maybe even haven't been created yet. The current top "use case" coins (ETH, BTC, SOL, etc) all have pretty serious issues.

Solana's system goes down more often than your mom

Blackrock is actually getting into the crypto market. That's how you know this shit isn't going anywhere. https://beincrypto.com/10-trillion-asset-manager-blackrock-files-for-blockchain-focused-etf/

That's not what economics is...

Agree. What??

I'm not upset. "Progressive" definitely feels closer than "woke" but tbh I don't think The Wire is very progressive either. Both progressive and woke have a political agenda. A political agenda presents a problem and suggests a solution. The Wire just kind of gives us a long, hard look at The...

Failing to understand what "woke" is helps keep woke alive. People who call everything woke are as bad as the people who call everything racist. Edit: One of the great things about The Wire is it manages to address serious social issues with depth and honesty, without resorting to "wokeness."

FWIW I tend to agree that the crypto space will ultimately emerge intact (though probably changed) on the other side of these three issues. Your timeline of 2024 or 2025 might even be right. Also the "rocky days ahead" aren't necessarily a bad thing if you change your perspective. They are...

Friendly reminder that whatever crypto does this weekend, it's going to react strongly to whatever the stock market does on Monday. Right. The way I see it there three "issues" that have been looming above crypto for a long time. Each one of these issues will either be resolved and crypto...

You'll be a bag holder about exactly as long as you'll be a bag holder with BTC... Maybe less time if institutions keep valuing ETH above BTC as they have been.

Womp womp. Should have listened to my gut. Not worried that it will get back above 3k, but looking like I might have to wait a bit.

Well boys, my 3k ETH buy just triggered. Wish me luck. Let's hope this is still the bottom rather than the new top.

Anyone scouted Hedera?

Of course. Aside from the general shadiness of it, his wallets hold roughly 5% of the BTC that will ever exist.

We don't know who Satoshi was or where the entity named Satoshi went. We have no idea what projects he/they are involved with. Satoshi's wallet is still out there with a ton of bitcoins in it. Ethereum has its issues, but BTC has plenty of its own questions and concerns.

Honestly not sure. When the hashrate has dropped significantly before it had a big negative impact on price, but it's hard to tell how much of the impact was due to the hashrate reduction or the bad news surrounding it. China banning BTC mining is the example that comes to mind.

Apparently Kazakhstan makes up a really big portion of the Bitcoin hash rate and the government troubles there interrupted things and dropped the hashrate. Not sure how much mining goes on in ukraine, but it wouldn't surprise me if it was a decent amount...

Any guesses on crypto market activity if Russia crosses the Ukrainian border over the next weeks?

This is actually pretty much exactly what I was seeing. Re: Quasimodo- I'm not sure a pattern has to be completely perfect to fit the paradigm. This is why I had my ETH buy at 2100. It wasn't set to catch the absolute bottom, but close.

Roughly July 19, 2021 to current. It's incomplete so far, just looks like it could be heading in that direction. Not a chart expert though.

ETH looking kind of like head and shoulders to anyone else or is it just me?

I haven't parsed it, but I was under the impression that BTC has always been fairly influenced by stock market movements, especially negative ones. And the rest of the crypto market has always been influenced by BTC.

Very nearly bought yesterday when things had briefly leveled off, but thought, nah I'll wait and see what the larger market does Monday. Whew.

My personal buy limit is set up for 2100 for ETH, but it's a total gut instinct lowball. If we start to consolidate for a while I'll just snap it up at whatever it's at when it consolidates.

The farm

Bogdanoff twins died and it's causing the markets to crash.

Clearly he didn't catch the absolute bottom, but if he bought at $3,333 he isn't too far off right now. If (when) it rebounds back to 4k+ I'd say he did nicely. IMO there's a 99% chance ETH goes back above 4k and well beyond- the only question is how long it takes to get there.

Grats, you *may* have caught the absolute bottom of this current dip.

Dumbest thing you can do is sell at a loss if you are talking ETH/BTC/Matic. If you are talking shit coins you might as well sell

What's your avatar's name?

This is really insightful and all, but we've all seen the Matrix and most of us probably have at least heard of Plato's Cave. Did you port in here from 1999 to save us?

If I'm thinking of the show you're thinking of, that show still haunts my dreams

Then again, as someone else noted, having an entire magazine devoted to your 100th birthday get printed and then dying just before you turn 100 is excellent comedic timing.

Makes sense. They've had lots of big news recently and lots of people are using this dip to buy in.

Yeah, I got what you were saying and I didn't disagree. Seems like a nice little loophole (in a sense) that you've found. I've been swinging ETH myself on RH (free trades) and I'm liking how it's been working so far.

This is the long way of saying right now it doesn't exist. It's still very much in the "idea" phase. People are investing money in things that, at best, would be considered wild speculation. You'd have to be pretty fucking insightful to have any idea of what direction things are going to move...

For use case crypto, buy and hold is very clearly the best way to make money. No question. For shitcoin slot machines, buy and hold is the worst strategy long term. That's how you lose your money. You can obviously make money swing trading a use case coin like ETH. Gotta be patient...

Yeah, something like that could have some pretty dark implications- especially in China. But there are a million non-evil ways it would be useful to have a way to instantly track and verify chain of custody from manufacturer to delivery. VET has dipped its toes a bit in the food industry...

I like Vechain/VET. I'm invested in Vechain. But shit like this really makes me wonder if it's just a really convincing scam. They've announced a lot of "partnerships" in the past that haven't seemed to amount to much. I'd like to think they wouldn't have the audacity to announce a...