I am the proud owner of 101 doge. Do I hold until we reach the moon?
ETA: just checked and see that I sold 819 doge at the end of January because my crypto friend told me it would never break 7 cents. I could have been a dozenaire.
I am the proud owner of 101 doge. Do I hold until we reach the moon?
ETA: just checked and see that I sold 819 doge at the end of January because my crypto friend told me it would never break 7 cents. I could have been a dozenaire.
Imagine a world where someone bought $10,000 of doge when it was at .04
Still literally a prank coin
weâre at 40 cents and under a penny in January
sell all doge for ltc
this is not a drill
btw, the metrics Iâm using show the total crypto market cap can pretty comfortably absorb another few trillion dollars while still adhering to historical trends and growth patterns
not even close to a top yet imo if youâre talking about the asset class as a whole. short term pullback still always a risk. good time to take some profit on coins that have already moved parabolically I think.
Whatâs going on with ltc?
Doge should be worth more than LTC and I hate doge unless thereâs something new I donât know about
in before doge is the global reserve currency now, idiocracy missed that one.
Just broke .005 on the LTC/BTC ratio which is a historically and technically significant level. TA purists would want to wait for confirmation but it seems a lock to head to new ATH now and price discovery to me. Thereâs also a major upgrade to the code (mimblewimble) nearly completed which adds some fungibility and privacy features.
strong disagree on that one but weâll see.
never bought doge though, so what do I know
LTC is more of a joke to me than DOGE but none of stuff like what does this shit actually do matters whatsoever to the price of it.
Iâd argue that in the short term you are (mostly) correct, but on longer timeframes fundamentals eventually win out.
bitcoin has done absolutely nothing since I first bought some at under 200. Still used to buy the same illegal/gray area shit and it canât handle a big user base still if they used it at once, also slow as hell. itâs got some use cases, but itâs rare to actually use it.
In the very long term this is all worthless as technology will eventually break it.
if itâs not banned
With that said my plan when I started buying in 2019 was to mostly sell this year and I still plan on sticking to that. I think crypto has value but of course these bubbles arenât rational and prices get overheated. Knew that going in and nothing that has happened so far in this market has really surprised meâŚmaybe the extent of this DOGE pump⌠but thatâs mostly my fault for trusting people living in crypto bubbles instead of my own instincts. One lesson learned this cycle.
right, but trusting your own instincts means thinking elon wouldnât stop tweeting about it and media keep reporting about it instead of just ignoring all of it. Itâs also not easy to buy, if coinbase had it itâd have definitely hit a dollar.
Itâs not that simple. I was right about dumping all that non btc for btc back when I did itâuntil this week and now I look silly. this crypto world man
True that âtrust your instinctsâ is a little trite and simplistic and absolutely horrible advice for most people in crypto.
Iâm surprised you continue to hold if you really think itâs worthless. Iâm also still surprised how a forum of leftists mostly fail to see the value in a decentralized currency.
âLeftists often see blockchain as a libertarian toy thatâs only good for buying drugs, which I think is wrong,â says Matthew McKeever, executive associate editor of the academic journal Inquiry and a research assistant at the University of Hong Kong. McKeever doesnât consider himself a socialist, but he has written about the relation between socialism and blockchain. âThe technology has elements that deserve attention from the left,â he says.
https://www.ozy.com/the-new-and-the-next/who-really-loves-blockchain-socialists/397843/
very long term I think it all gets broken by future technology. Weâre not close to that yet.
Itâs not that useful is the biggest problem it has. It doesnât do anything better other than avoid some regulations, itâs not even cheaper to do it either.
I guess it sounds better than a shiny rock and easier to move/offload if youâre moving to another nation (ie you donât wanna pass through a nations customs carrying gold on you) but thereâs so much it does worse than the problem that hasnât been helped all that much since the beginning. Some people compared it to the internet but the internet had better speed improvements in comparsion than this has by that point.
simply stated, nobodyâs solved the problem of too many people needing to use the same giant database all at the same time and I donât see how that constraint is gonna be solved.
I agree that scaling is still an issue but I think the layer 2 solutions still show promise. Theyâve been hyped for so long I donât blame anyone for starting to think they sound like vaporware though. If BTC reaches its full potential the way you use it in even five to ten years will look absolutely nothing like the way itâs used now imo.
In the meantime just use LTC if you want to make transactions with cryptoâall the benefits at a fraction of the wait and cost
Could also argue itâs the most decentralized of all the cryptocurrencies⌠doesnât even have the âsatoshiâ problem of a mysterious person or group potentially holding on to deep bags. Itâs moved up organically so far with zero hype or promotion⌠but I think that sort of thing is coming. My near term targets remain at 1000+ and I think LTC is one of the most likely current altcoins to still be popular ten years from now.
What are your price targets for ETH and BTC this cycle? Iâm gonna start getting antsy around 5k/100k if not sooner.