Can anyone say how much in BTC a Tesla should be worth or should sell for without invoking USD or other centralized currencies?
How long does it take to make something like that? Seems like something my daughter could put together in 15 minutes. I guess if someone famous does it though, itâs worth $50k+.
Or just beginning.
ICX had a ~60% upswong overnight, apparently due to some announcement regarding airdrops. Seemed like an opportune time to do the hip thing and play around with staking a bit + be eligible for these airdrops, so moved my ICX to ICONfi. Still down 70% on my 2018 bag thoughâŚ
Itâs the announcements, but itâs also that this is the beginning of full bore altseason. Which, I kinda have mixed feelings about considering what happened last time. Huge quasi-bubbles, even if theyâre part of a ânaturalâ market cycle, arenât really great for overall confidence.
I canât speak for ICX but because cryptocurrency markets are strange beasts, a lot of the projects that have been going strong this entire time were only able to do because they sold a bunch of their coins during the big tops of the cycles. Like, projects that are 90% from their ath, if we consider the peak of the absolutely stupid 2018 bubble as a true ath, might look like abandoned projects when in reality they wouldâve maybe died if they didnât get that funding. Neblio is the main one Iâm thinking of but there are a few others, the ones that were trying to actually create a thing and not just fork bitcoin or make some shitty ethereum contract.
What Iâm saying is, it doesnât matter if your shit was truly organic because market cycles and Gartner cycles exist, you still donât want it to look like and feel like a pump-and-dump in hindsight. But you go on social media and people are like "hell yeah altseason, get ready to dump on the rubes and johhny-come-latelysââ.
And I might sound like a hypocrite because Iâm going to do the same, but itâs out of necessity. The stress of guessing the peak of a bubble you know is definitely coming is substantial. Iâd prefer they just chop up and down forever.
Yuvâs humor keeps you on your toes, guessing how much is tongue-in-cheek, but hereâs the thing to understand about all this: Even the most hardcore cryptobros secretly think this is all bullshit, thus, will look for any reason to spin good or neutral news into bad news. Itâs actually sorta impressive, like when in 2017 I heard at least dozen times, âThey were talking about bitcoin in an NBA locker room, you know the bubble is about to pop.â Like, a thing that is supposed to be a widely adopted digital store of value if not an actual currency has the interest of multi-millionaire professional athletes looking to buy it up and thatâs a⌠bad thing? Gotcha.
ok, hear me out, grape drank⌠ON THE BLOCKCHAIN
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In case any newbies are browsingâinvesting in a crypto because someone on a forum wrote that their friend totally heard its gonna be the next big thing⌠isnât going to end well for you.
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Isnât that like 95%+ of crypto owners?
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unless it does
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I get all my financial advice from Meyers Leonard of the Miami Heat.
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2 weeks ago is when the chart went vertical (basically a 15x), so there must have been some news event Iâm guessing.
Bitcoin has a pretty strong cult of core fundamental believers.
I think hodl forever no matter what is a dumb strategy but so far theyâre the ones looking like the geniuses in this market.
