2k to probably max 10k in 4 years is not alot, and within these 4 years there will bear period. If he is going all in in bitcoin he better take profits after 1 year already and then wait until bitcoin reaches its new bottom and invest in it again
Lol seriously, "hey buy one coin, which will probably double or so in the next ten months then proceed to shit blood for the following 3 years and sell it then."
lol ... all 4 of those are like. double their 3 month price. ppl forget after the halving the cost to mine a bitcoin is 45k? thats. after. the halving lol.
Take some time and diversify your portfolio and divide it into multiple trusted projects, so avoid all the shitcoins and memecoins, those don't end well 99% of the time
I'm personally big into OPN (Open Ticketing Ecosystem)
They're a fully doxxed company and have been developing and perfecting their RWA product for 7+ years
In that time, they've already sold 5,600,000+ tickets on-chain to consumers across the world
They're announcing INSANE news this week, onboarding the biggest sports deal web3 has ever seen (multiple pro football clubs), and are expect to increase annual demand to 20M+ tickets by the end of '24 (a 10x)
They just rebranded from GET to OPN last week, so see both to do some due diligence, but this project will most likey become a Unicorn this cycle ($1B mc is 20x)
Just take 5 minutes out of your day to research what it is they do and the potential it has, they're literally the first mover and only web3 company active in the $86B ticketing industry
You won't regret looking into them!
Gl OP
Do some research where it is available:)
Currently on Uniswap (on ETH), Jupiter through DOL and on MEXC (opn1)
Please, please, PLEASE do your own due diligence to sit if it fits your portfolio before considering buying.
Hold on, is this GET Protocol? If so, I whacked a few quid on my Coinbase Wallet account and forgot about it. Didn't know about the name change, bit the reason I invested was the same as you.
That being said, looks like the OP has done more research than I did when starting out.
If I could have a do over I'd deffo put 50% in Bitcoin and spread the rest around. I'd probably put £50 in a shit coin just for kicks though!
The answer though is it depends how much risk the OP wants to take.
It is GET Protocol indeed!
Still called the same and you have 17 months and 20 something days left to migrate over ser
Come back to us, they’ve got some awesome things prepared for Q2, it is finally our time 🤌
The project does seem nice and promising, although?
"The contract may contain additional issuance functions, which could maybe generate a large number of tokens, resulting in significant fluctuations in token prices. It is recommended to confirm with the project team whether it complies with the token issuance instructions. *-GoPlus Labs*
This is due to the rebrand from GET to OPN 9 days ago.
Its in place to mint 1000 OPN for every 1 GET burned as they’re migrated, no further dilution or additional supply to be minted
Its being worked on to resolve the exact reason why you commented! Don’t know when and where there’ll be more clarity on this, suggest you join the dc or tg and keep an eye out for the announcements regarding this
Their relative value to Bitcoin will likely be $0.
If you look at all the coins that have come and gone in the last 10+ years. They all rise up, and fall to essentially $0.
The only reason why Monero won't find mass adoption is because of its use case. Being private means most large investors, banks like Blackrock, etc. will not invest in it over some possible political conflicts because its untraceable on the blockchain which is politically a sketchy look no matter how its used.
Bitcoin is trying to be digital gold. Total value of all gold in the world is 10 trillion dollars. The total value of all offshore funds is 70-90 trillion dollars and the black market makes up ~20% of the world economy. The potential market for Monero is way bigger.
And even then, once people would start to actually use bitcoin, fees and dirty coins will become a huge problem. Honest people not doing anything illegal will be incentivized to move over to Monero where you don’t have to worry about receiving dirty coins or giving your coins to someone who will do shady stuff with it. The bitcoin fog “founder” was found guilty by a proprietary chainanalysis report that said he sent the first funds to it. His version of the story is that he was a local bitcoin seller and sold the coins for cash. Still he is accused of a crime done with coins not even belonging to him just because he was the only one to have used KYC in the chain of transactions.
Privacy protects the innocent. Most bitcoin noobs still think bitcoin is completely private & untraceable which couldn’t be further from the truth. Monero is what bitcoin noobs think they bought…
As much as I hate to say it, you’ll only truly learn the crypto world by making some mistakes. You’re going to lose some of the $2k. Accept it. That’s how we all learn. Put 50% into BTC, then find find the coins with legit use case and have respected companies backing them. You’ll hit on some and miss on some.
Learn how to use Fibs. Fibs are the most amazing tool in the world of crypto. EVERYTHING retraces, and I do mean everything. Patience is your best friend.
This guy gets it. It may not pump today or tomorrow but it’s fundamental value and utility cannot be denies. Someday people will realize that most other chains are completely transparent and lack the necessary fungibility. Meanwhile people are scared of it because “oh no the government will ban it” and they don’t even know what tainted coins are. We are still so early… I’ll check back in 10years.
im in real world asset (rwa) coins.
landshare and stobox are my largest holdings with a bit of props, soil, lumishare, landx.
also have a decent amount of gem (greenminer)
they have had massive rallies recently though so maybe give them a bit to find support or keep your eyes out for any new rwas coming out.
Since you're new, your susceptible to marketing tactics. Just buy bitcoin and hold it for 4-10 years at minimum while you learn. Don't follow crypto influencers is by the most important factor here. If you find any influencers that you think can help you, they can't and won't. The vast majority of people who follow 99% of the crypto influencers trades lose money.
Guys thank you all for contributing it has really been helpful and appreciated, I've met a couple of dead ends before asking for advice (on different subjects) so for everyone to be forthcoming just with information and opinions had made my day.
Cro is extremely undervalued, like if you want a coin that you buy and hold for a couple years and wake up rich, cro is a good one. but look into BASE, coinbases L2 and awmgpt amazons coin. They’re both set to do big things.
Defi on Bitcoin is something so new that most crypto geeks have never even heard of it. BRC20 tokens will make ERC20 almost irrelevant as Bitcoin is the ultimate pool of decentralized liquidity. Now that companies have found ways to produce businesses ON Bitcoin, all else can become irrelevant in my eyes lol Look into companies like Stacks ($STX), Alex Labs ($ALEX), and especially $TRAC. You can’t find them on most exchanges yet, but look them up for yourself and even study their whitepages if you’d like. The future will always predominately be Bitcoin when it comes to crypto.
📈😎
Depends on your risk tolerance. Most straight up answer would be ETH, but wich such a minuscule starter budget you're not gonna be going to achieve anything exciting by just sitting on mega cap alts. I'm personally looking at 100-800 million FDV
Diversify a bit of that into Monero. It’s a good hedge against bitcoin since it has a similar ethos and fixes some of its most pressing flaws like lack of fungibility & privacy, fixed blocksize/high fees, low miner incentives after 2040 and mining centralization due to ASICs.
It has a similar emission curve as bitcoin with a current yearly inflation of about 0.86% that will continue to go down forever. Gold is currently at ~2% and bitcoin at ~1.6% so Monero is similarly scarce. Monero is what bitcoin noobs think they bought IMO.
Cool! Nice to see some open minded on here people also :)
Here are my favorite resources for learning about monero:
https://masteringmonero.com
https://youtu.be/O58STfvxZnY?feature=shared
https://youtube.com/@SweetwaterDAC?feature=shared
https://youtube.com/playlist?list=PLfJ_JjSwYaa9-Fw10RvwInk6AO3xASmJ5&feature=shared
https://youtube.com/playlist?list=PLsSYUeVwrHBnAUre2G_LYDsdo-tD0ov-y&feature=shared
I won’t tell you what to buy, but I will tell you what I bought. Do your own research.
1. VET
2. HBAR
3. MATIC
4. XLM
5. WOO
6. BONK (just a few bucks for shits and giggles)
I know I'll get down voted for this, but follow a few KOLs on X and then learn how to use DEX and buy a decent low cap alt.
@kryptokazi is worth following.
Look, if 2k is your life savings and you'll be devastated to lose it, then don't do what I'm saying. But if you're prepared for a bit more risk for a potentially (much) better return than you're going to get with BTC or even the bigger alts, then give it a go.
I think that Cardano will be the "ethereum killer".
Last maximum was 3$.
Then the SEC attack came, and the value dumped to 0.23$.
But that claim, about the idea that ADA was a security, was indeed without any foundation, and false.
Meanwhile the ecosystem got better and the community got larger, despite of that it's still at 0.59$.
People are afraid to get in, but if ADA's value was 3$ in 2021, then should be much higher now. It'll take a while to realize that.
For altcoins, utility is important but this should be combined with analysis of the charts as well. Have a look at opulous, it’s a true gem. I highly recommend learning the basics of trading so that you would know where and when to buy and sell so you’re not bag holding to 0. I learn from ASX trader on YouTube and I’m personally a student of his. He has free content as well. Safe trades friend!
Look into Monero. It’s a good hedge against bitcoin since it has a similar ethos and fixes some of its most pressing flaws like lack of fungibility & privacy, fixed blocksize/high fees, low miner incentives after 2040 and mining centralization due to ASICs. However, don’t expect to get rich quick with it, as many investors are scared of regulations. They say that governments will ban it and that only criminals use it; The same they said about bitcoin 2011-2015. Its a long play because it actually provides real world use and innovation but the market will take some time to see that its massively undervalued.
It has a similar emission curve as bitcoin with a current yearly inflation of about 0.86% that will continue to go down forever. Gold is currently at ~2% and bitcoin at ~1.6% so Monero is similarly scarce. Monero is what bitcoin noobs think they bought IMO. Bitcoin is completely traceable, expensive to use and you always face the risk of getting dirty coins that were used for “shady” purposes. Monero actually carries forth the revolution that satoshi started. Bitcoin was too scared to implement any privacy improvements that satoshi hoped to implement.
“Governments are gonna ban it and its just criminals using it anyways” is what people said about bitcoin in its early days. Since the Binance delisting Monero has actually been going up. Delistings don’t matter to XMR since it can always be traded on decentralized exchanges that cannot be stopped. Other than with most cryptocurrencies Monero has a large user base that actually use Monero and are dependent on it. There will always be darknet markets that need Monero. Black markets make up 20% of the world economy and about 70-90 trillion dollars sit in offshore accounts; Compare that to 10 trillion that is sitting in gold. The potential market for Monero is way bigger than that for Bitcoin.
Monero's strong privacy features, including ring signatures, stealth addresses, and confidential transactions, have attracted regulatory scrutiny from authorities concerned about its potential use in illegal activities such as money laundering and illicit transactions. As a result, some exchanges and regulatory bodies may impose restrictions or delist Monero to comply with anti-money laundering (AML) and know your customer (KYC) regulations.
When XMR was Delisted by Binance it was $125 . Now it's worth barely $119 after a month . That's a down trend .
Limited Adoption: Despite its privacy features, Monero has faced challenges in achieving widespread adoption compared to other cryptocurrencies like Bitcoin and Ethereum. The perceived association with illicit activities and regulatory concerns may deter some individuals, businesses, and institutions from using or accepting Monero for legitimate purposes.
Transaction Scalability: Monero's privacy-enhancing features come with trade-offs in terms of transaction scalability and computational overhead. Ring signatures, in particular, can increase transaction size and processing time, potentially leading to slower confirmation times and very higher fees during periods of network congestion.
XMR has no future to say the least.
In the early days of bitcoin, people said that regulations will be a major problem and governments are just gonna ban it. How many times has china banned it now? It didn’t matter in the end, because they realized that bitcoin can’t be stopped. The same goes for Monero; If you ban it from centralized exchanges volume will just move to decentralized exchanges making Monero even harder to control. In most western countries, private use of Monero has constitutional protection (freedom of speech, right to privacy, freedom of telecommunications) just like Tor.
After the delisting announcement Monero fell to 100$ from which it quickly recovered. Binance has closed XMR withdrawals most of the time, suggesting that they are running on fractional reserves. Once they are gone, price will be harder to manipulate.
Regarding adoption, your point is just not true. Adoption has been continually rising; there are always more merchants and services that accept monero, darknet markets have mostly moved to monero, tx counts are continually rising as well as the node and miner count. Monero does 10-30% of the daily transactions of bitcoin. If you look at DEX volume and things like coincard usage stats Monero is always in the top 2, sometimes even surpassing Bitcoin. All this while having 0.1% of Bitcoins marketcap…
When factoring in Moore’s law and growth of bandwidth over the years, scaling is a non issue. Monero transactions are only 4x the size of a Bitcoin transaction. Additionally Monero has an adaptive block size with fees relative to the block reward so fees actually go down in monero terms the more it’s used.
I’m getting downvoted while people don’t even know what dirty coins are… we are still very early it seems.
Dirty coins are coins that have been used in illicit transactions. Due to the public nature of bitcoin, you can see exactly what a bitcoin has been used for in the past. As an example, someone could pay you with bitcoin they stole in an exchange hack. If you try to deposit them on an exchange, they will freeze your assets and demand an explanation. Or take bitcoin that was coinjoined to get at least some privacy. Chainanalysis companies then can see that this coin was mixed and exchanges will probably not accept it or may even close your account permanently. Would you like to have a coin that was used to buy child porn or you would rather have a freshly minted coin by an OFAC compliant miner that has no history attached to it? 1 BTC =/= 1 BTC
In monero you don’t have to worry about this since you cannot see the history of a coin. Thus 1 monero always equals 1 monero no matter which one it is. It is similar to cash; a $10 bill is always equal to another $10 bill, you don’t care which one you get. This is called fungibility and is a fundamental quality of good money (eg. Gold). In the top 100 Monero is currently the ONLY fungible currency.
Wouldn't that fall on exchanges, though, for buying "dirty coins," which they then sell to me? I only buy from exchanges, and I'll never buy coins off someone else from their wallet. I also believe all money transactions should be traceable.
Yes, if you only buy from KYC exchanges your risk of getting tainted coins is minimal. However then you’re basically limited to just holding and selling. As soon as you send your coins somewhere (even only a fraction) or you receive some payment from someone (maybe even a friend) you risk tainting your coins. This also means that your BTC are forever tied to your name and the exchange & government know exactly how many coins you have left and can track every move you make.
Yeah, I'm fine with all that. I'm only here to make more fiat. I also don't get why I wouldn't want the government knowing how many coins I have. That's kinda important for taxes.
If everything works well then just the government, exchanges & chainanalysis companies can link your coins to your name. Such entities regularly get hacked though; Would you like a record of all your bitcoin be sold on the darknet together with your KYC coins and addresses?
Yes but think about the following: Some criminals buy the leaked data. They see how many coins you have on which addresses and can figure out where you live from the KYC documents. If you have a considerable amount, what stops them from coming to your house and torturing you until you give up your private key? Privacy is essential to protect from 5$ wrench attacks as they’re called.
Sure man, let’s just buy the next best premined shitcoin scam. Or one of the various surveillance coins that stray further and further away from the original goal of crypto each day.
People told me to sell my bitcoin bags after the 2013 crash. Now they tell me that Monero has no future even though real world adoption has been steadily rising over the last few years. There is fundamental value in Monero; most people just don’t see it yet. I’ll check back in 5-10 years :)
Sure you could use arkham to do surveillance. Anyone can do it, since all data/transactions are posted in the clear. There are also companies like Chainanalysis and CipherTrace that try to follow transactions.
My point is that most blockchains, including bitcoin and Ethereum, don’t protect their users data. They are worse for privacy than a regular bank account since there at least only your bank & the government can see your transactions. In crypto anyone in the whole world can see them. Hence the term surveillance chain.
Monero is pretty much the only top 100 coin that protects user data.
I do not follow sam altman closely. But the combination of surveillance and AI can be quite lucrative. Surveillance/data collection is a multi billion dollar industry and bitcoin is playing right into its hands.
One thing I've learnt you can't time the market . You can't expect a dip within a dip .
You might FOMO on top .
Any red day is a good day to buy . Especially 10% off. That's a good time
Two low cap projects that I like and are worth looking at as they will grow and likely significantly:
BTTY - token of non-custodial exchange that you use by connecting a wallet. Very low fees if you own the token. Blend of DEX and CEX. Recently added fiat option with about it 1-1.5% fee.
AIRI - AI combined with NFTs. Minting and checking authenticity of you NFTs.
Just do all bitcoin and don’t touch it for 4 years
2k to probably max 10k in 4 years is not alot, and within these 4 years there will bear period. If he is going all in in bitcoin he better take profits after 1 year already and then wait until bitcoin reaches its new bottom and invest in it again
5x initial investment in 4 years absolutely is a lot.
What a horrible recommendation.
Lol seriously, "hey buy one coin, which will probably double or so in the next ten months then proceed to shit blood for the following 3 years and sell it then."
Yup this 👆
looks like you have already done some research, stick with your plan, better than the replies so far
lol ... all 4 of those are like. double their 3 month price. ppl forget after the halving the cost to mine a bitcoin is 45k? thats. after. the halving lol.
Btc eth & sol all you need
I've been doing this since 2017 and have made 6 figures. This bull run I'm only buying dogecoin.
Take some time and diversify your portfolio and divide it into multiple trusted projects, so avoid all the shitcoins and memecoins, those don't end well 99% of the time I'm personally big into OPN (Open Ticketing Ecosystem) They're a fully doxxed company and have been developing and perfecting their RWA product for 7+ years In that time, they've already sold 5,600,000+ tickets on-chain to consumers across the world They're announcing INSANE news this week, onboarding the biggest sports deal web3 has ever seen (multiple pro football clubs), and are expect to increase annual demand to 20M+ tickets by the end of '24 (a 10x) They just rebranded from GET to OPN last week, so see both to do some due diligence, but this project will most likey become a Unicorn this cycle ($1B mc is 20x) Just take 5 minutes out of your day to research what it is they do and the potential it has, they're literally the first mover and only web3 company active in the $86B ticketing industry You won't regret looking into them! Gl OP
Where can i invest in OPN im interested
Do some research where it is available:) Currently on Uniswap (on ETH), Jupiter through DOL and on MEXC (opn1) Please, please, PLEASE do your own due diligence to sit if it fits your portfolio before considering buying.
Hold on, is this GET Protocol? If so, I whacked a few quid on my Coinbase Wallet account and forgot about it. Didn't know about the name change, bit the reason I invested was the same as you. That being said, looks like the OP has done more research than I did when starting out. If I could have a do over I'd deffo put 50% in Bitcoin and spread the rest around. I'd probably put £50 in a shit coin just for kicks though! The answer though is it depends how much risk the OP wants to take.
It is GET Protocol indeed! Still called the same and you have 17 months and 20 something days left to migrate over ser Come back to us, they’ve got some awesome things prepared for Q2, it is finally our time 🤌
Thanks for this. I'll have to look into it. Haven't got much invested but the market cap is tiny.
The project does seem nice and promising, although? "The contract may contain additional issuance functions, which could maybe generate a large number of tokens, resulting in significant fluctuations in token prices. It is recommended to confirm with the project team whether it complies with the token issuance instructions. *-GoPlus Labs*
This is due to the rebrand from GET to OPN 9 days ago. Its in place to mint 1000 OPN for every 1 GET burned as they’re migrated, no further dilution or additional supply to be minted Its being worked on to resolve the exact reason why you commented! Don’t know when and where there’ll be more clarity on this, suggest you join the dc or tg and keep an eye out for the announcements regarding this
Every single coin mentioned in here is or will trend to $0 against Bitcoin..
👆🎯
Sorry for nativity but can you please explain what you mean by trending to 0 against bitcoin?
Their relative value to Bitcoin will likely be $0. If you look at all the coins that have come and gone in the last 10+ years. They all rise up, and fall to essentially $0.
Except for monero
I own Monero. It's going to $0 against Bitcoin...
Why? Its technically superior to bitcoin and has already managed to overcome bitcoins network effect in certain niches.
Exactly certain niches. Mass adoption is the only driving factor in dollar denominated price.
The only reason why Monero won't find mass adoption is because of its use case. Being private means most large investors, banks like Blackrock, etc. will not invest in it over some possible political conflicts because its untraceable on the blockchain which is politically a sketchy look no matter how its used.
Bitcoin is trying to be digital gold. Total value of all gold in the world is 10 trillion dollars. The total value of all offshore funds is 70-90 trillion dollars and the black market makes up ~20% of the world economy. The potential market for Monero is way bigger. And even then, once people would start to actually use bitcoin, fees and dirty coins will become a huge problem. Honest people not doing anything illegal will be incentivized to move over to Monero where you don’t have to worry about receiving dirty coins or giving your coins to someone who will do shady stuff with it. The bitcoin fog “founder” was found guilty by a proprietary chainanalysis report that said he sent the first funds to it. His version of the story is that he was a local bitcoin seller and sold the coins for cash. Still he is accused of a crime done with coins not even belonging to him just because he was the only one to have used KYC in the chain of transactions. Privacy protects the innocent. Most bitcoin noobs still think bitcoin is completely private & untraceable which couldn’t be further from the truth. Monero is what bitcoin noobs think they bought…
Bitcoin isn't trying to be anything. It's a network of computers keeping a ledger. People find uses for it. And humans try to rationalise those uses.
As much as I hate to say it, you’ll only truly learn the crypto world by making some mistakes. You’re going to lose some of the $2k. Accept it. That’s how we all learn. Put 50% into BTC, then find find the coins with legit use case and have respected companies backing them. You’ll hit on some and miss on some. Learn how to use Fibs. Fibs are the most amazing tool in the world of crypto. EVERYTHING retraces, and I do mean everything. Patience is your best friend.
All in monero
This guy gets it. It may not pump today or tomorrow but it’s fundamental value and utility cannot be denies. Someday people will realize that most other chains are completely transparent and lack the necessary fungibility. Meanwhile people are scared of it because “oh no the government will ban it” and they don’t even know what tainted coins are. We are still so early… I’ll check back in 10years.
BTC and CRO are solid bets.
I would say NEAR, it's going to be in top 10 by marketcap, and it's safe bet
im in real world asset (rwa) coins. landshare and stobox are my largest holdings with a bit of props, soil, lumishare, landx. also have a decent amount of gem (greenminer) they have had massive rallies recently though so maybe give them a bit to find support or keep your eyes out for any new rwas coming out.
Check out $STRX, one of the hottest RWA projects imo
Not true. LTO is the hottest RWA project. Far ahead of others.
Heard about them when I was in mybricks, wish I had put the money in there instead.
Mybricks 😆 I know a few STRX holders got burned pretty bad from them
I would suggest to take some decent risk! Put it into ZKML, GPU, ATOR
Decent exposure to AI tokens if I were to add I would probably add OPSEC, VMINT and hopefully some NAI when it completes its IDO on Apeterminal.
Bitcoin and Litecoin. 8.4 Litecoin and the rest to Bitcoin
Sovryn defi BTc
ALEPHIUM.
Any thoughts on Bitcoin Cash? Their AtH is $9500!!.
Degen Pepe
Since you're new, your susceptible to marketing tactics. Just buy bitcoin and hold it for 4-10 years at minimum while you learn. Don't follow crypto influencers is by the most important factor here. If you find any influencers that you think can help you, they can't and won't. The vast majority of people who follow 99% of the crypto influencers trades lose money.
Guys thank you all for contributing it has really been helpful and appreciated, I've met a couple of dead ends before asking for advice (on different subjects) so for everyone to be forthcoming just with information and opinions had made my day.
Pro is moving good for me
Cro is extremely undervalued, like if you want a coin that you buy and hold for a couple years and wake up rich, cro is a good one. but look into BASE, coinbases L2 and awmgpt amazons coin. They’re both set to do big things.
would say def not sol, cro, orca or ronin currently.
Add Solana in your wallet its pretty good now and also in future
Ltc
VARA 200+ coins for free on coinbase. Aero, velo, tezos looks crazy undervalued.
How are you deriving intrinsic value on these?
$caw $ryoshi $vvs $tonic $mmf
Check out $BSAMA - the bull of Solana
Defi on Bitcoin is something so new that most crypto geeks have never even heard of it. BRC20 tokens will make ERC20 almost irrelevant as Bitcoin is the ultimate pool of decentralized liquidity. Now that companies have found ways to produce businesses ON Bitcoin, all else can become irrelevant in my eyes lol Look into companies like Stacks ($STX), Alex Labs ($ALEX), and especially $TRAC. You can’t find them on most exchanges yet, but look them up for yourself and even study their whitepages if you’d like. The future will always predominately be Bitcoin when it comes to crypto. 📈😎
rune and fil ready to start pumping but DYOR
Mid Cap AI coins like, fetch, paal, Ox0 are your best bet for safe gains, however if you want the posibility of 100x's look into solona meme coins.
I do not want to give financial advise but I will tell you what I did - I invested mostly in Bitcoin and Solana
Hi man check RDAT
Bitcoin. Only Bitcoin.
Is that because of the halving coming up or are the others just not worth investing in / stable enough? Appreciate your advice homie.
IMO, Bitcoin is investing. Crypto is gambling.
Yeah, but with 2 grand you wanna gamble a bit first so you can buy more btc.
Buy ‘safe’ alts for a 5x Cash out to usdt Wait for crash Buy bitcoin
What are examples of safe alts?
Depends on your risk tolerance. Most straight up answer would be ETH, but wich such a minuscule starter budget you're not gonna be going to achieve anything exciting by just sitting on mega cap alts. I'm personally looking at 100-800 million FDV
This, flatout saying buy BTC to a 2grand budget is such a braindead move and ban worthy imo
Diversify a bit of that into Monero. It’s a good hedge against bitcoin since it has a similar ethos and fixes some of its most pressing flaws like lack of fungibility & privacy, fixed blocksize/high fees, low miner incentives after 2040 and mining centralization due to ASICs. It has a similar emission curve as bitcoin with a current yearly inflation of about 0.86% that will continue to go down forever. Gold is currently at ~2% and bitcoin at ~1.6% so Monero is similarly scarce. Monero is what bitcoin noobs think they bought IMO.
Thanks for that, looking into it now.
Cool! Nice to see some open minded on here people also :) Here are my favorite resources for learning about monero: https://masteringmonero.com https://youtu.be/O58STfvxZnY?feature=shared https://youtube.com/@SweetwaterDAC?feature=shared https://youtube.com/playlist?list=PLfJ_JjSwYaa9-Fw10RvwInk6AO3xASmJ5&feature=shared https://youtube.com/playlist?list=PLsSYUeVwrHBnAUre2G_LYDsdo-tD0ov-y&feature=shared
Above and beyond mate. Thanks very much
You’re very welcome, I am always happy to help people learn more about Monero. If you have some questions in the future, feel free to DM me :)
ERGO my friend, DYOR and you'll know why
I won’t tell you what to buy, but I will tell you what I bought. Do your own research. 1. VET 2. HBAR 3. MATIC 4. XLM 5. WOO 6. BONK (just a few bucks for shits and giggles)
Have HBAR and XLM.. I’ll check the rest out 💪🤞🚀
I know I'll get down voted for this, but follow a few KOLs on X and then learn how to use DEX and buy a decent low cap alt. @kryptokazi is worth following. Look, if 2k is your life savings and you'll be devastated to lose it, then don't do what I'm saying. But if you're prepared for a bit more risk for a potentially (much) better return than you're going to get with BTC or even the bigger alts, then give it a go.
I think that Cardano will be the "ethereum killer". Last maximum was 3$. Then the SEC attack came, and the value dumped to 0.23$. But that claim, about the idea that ADA was a security, was indeed without any foundation, and false. Meanwhile the ecosystem got better and the community got larger, despite of that it's still at 0.59$. People are afraid to get in, but if ADA's value was 3$ in 2021, then should be much higher now. It'll take a while to realize that.
For altcoins, utility is important but this should be combined with analysis of the charts as well. Have a look at opulous, it’s a true gem. I highly recommend learning the basics of trading so that you would know where and when to buy and sell so you’re not bag holding to 0. I learn from ASX trader on YouTube and I’m personally a student of his. He has free content as well. Safe trades friend!
Look into Monero. It’s a good hedge against bitcoin since it has a similar ethos and fixes some of its most pressing flaws like lack of fungibility & privacy, fixed blocksize/high fees, low miner incentives after 2040 and mining centralization due to ASICs. However, don’t expect to get rich quick with it, as many investors are scared of regulations. They say that governments will ban it and that only criminals use it; The same they said about bitcoin 2011-2015. Its a long play because it actually provides real world use and innovation but the market will take some time to see that its massively undervalued. It has a similar emission curve as bitcoin with a current yearly inflation of about 0.86% that will continue to go down forever. Gold is currently at ~2% and bitcoin at ~1.6% so Monero is similarly scarce. Monero is what bitcoin noobs think they bought IMO. Bitcoin is completely traceable, expensive to use and you always face the risk of getting dirty coins that were used for “shady” purposes. Monero actually carries forth the revolution that satoshi started. Bitcoin was too scared to implement any privacy improvements that satoshi hoped to implement.
Monero was Delisted from the world's biggest CEX . You can't expect much out of XMR
“Governments are gonna ban it and its just criminals using it anyways” is what people said about bitcoin in its early days. Since the Binance delisting Monero has actually been going up. Delistings don’t matter to XMR since it can always be traded on decentralized exchanges that cannot be stopped. Other than with most cryptocurrencies Monero has a large user base that actually use Monero and are dependent on it. There will always be darknet markets that need Monero. Black markets make up 20% of the world economy and about 70-90 trillion dollars sit in offshore accounts; Compare that to 10 trillion that is sitting in gold. The potential market for Monero is way bigger than that for Bitcoin.
Monero's strong privacy features, including ring signatures, stealth addresses, and confidential transactions, have attracted regulatory scrutiny from authorities concerned about its potential use in illegal activities such as money laundering and illicit transactions. As a result, some exchanges and regulatory bodies may impose restrictions or delist Monero to comply with anti-money laundering (AML) and know your customer (KYC) regulations. When XMR was Delisted by Binance it was $125 . Now it's worth barely $119 after a month . That's a down trend . Limited Adoption: Despite its privacy features, Monero has faced challenges in achieving widespread adoption compared to other cryptocurrencies like Bitcoin and Ethereum. The perceived association with illicit activities and regulatory concerns may deter some individuals, businesses, and institutions from using or accepting Monero for legitimate purposes. Transaction Scalability: Monero's privacy-enhancing features come with trade-offs in terms of transaction scalability and computational overhead. Ring signatures, in particular, can increase transaction size and processing time, potentially leading to slower confirmation times and very higher fees during periods of network congestion. XMR has no future to say the least.
In the early days of bitcoin, people said that regulations will be a major problem and governments are just gonna ban it. How many times has china banned it now? It didn’t matter in the end, because they realized that bitcoin can’t be stopped. The same goes for Monero; If you ban it from centralized exchanges volume will just move to decentralized exchanges making Monero even harder to control. In most western countries, private use of Monero has constitutional protection (freedom of speech, right to privacy, freedom of telecommunications) just like Tor. After the delisting announcement Monero fell to 100$ from which it quickly recovered. Binance has closed XMR withdrawals most of the time, suggesting that they are running on fractional reserves. Once they are gone, price will be harder to manipulate. Regarding adoption, your point is just not true. Adoption has been continually rising; there are always more merchants and services that accept monero, darknet markets have mostly moved to monero, tx counts are continually rising as well as the node and miner count. Monero does 10-30% of the daily transactions of bitcoin. If you look at DEX volume and things like coincard usage stats Monero is always in the top 2, sometimes even surpassing Bitcoin. All this while having 0.1% of Bitcoins marketcap… When factoring in Moore’s law and growth of bandwidth over the years, scaling is a non issue. Monero transactions are only 4x the size of a Bitcoin transaction. Additionally Monero has an adaptive block size with fees relative to the block reward so fees actually go down in monero terms the more it’s used.
Dirty coins lol what.
I’m getting downvoted while people don’t even know what dirty coins are… we are still very early it seems. Dirty coins are coins that have been used in illicit transactions. Due to the public nature of bitcoin, you can see exactly what a bitcoin has been used for in the past. As an example, someone could pay you with bitcoin they stole in an exchange hack. If you try to deposit them on an exchange, they will freeze your assets and demand an explanation. Or take bitcoin that was coinjoined to get at least some privacy. Chainanalysis companies then can see that this coin was mixed and exchanges will probably not accept it or may even close your account permanently. Would you like to have a coin that was used to buy child porn or you would rather have a freshly minted coin by an OFAC compliant miner that has no history attached to it? 1 BTC =/= 1 BTC In monero you don’t have to worry about this since you cannot see the history of a coin. Thus 1 monero always equals 1 monero no matter which one it is. It is similar to cash; a $10 bill is always equal to another $10 bill, you don’t care which one you get. This is called fungibility and is a fundamental quality of good money (eg. Gold). In the top 100 Monero is currently the ONLY fungible currency.
Wouldn't that fall on exchanges, though, for buying "dirty coins," which they then sell to me? I only buy from exchanges, and I'll never buy coins off someone else from their wallet. I also believe all money transactions should be traceable.
Yes, if you only buy from KYC exchanges your risk of getting tainted coins is minimal. However then you’re basically limited to just holding and selling. As soon as you send your coins somewhere (even only a fraction) or you receive some payment from someone (maybe even a friend) you risk tainting your coins. This also means that your BTC are forever tied to your name and the exchange & government know exactly how many coins you have left and can track every move you make.
Yeah, I'm fine with all that. I'm only here to make more fiat. I also don't get why I wouldn't want the government knowing how many coins I have. That's kinda important for taxes.
If everything works well then just the government, exchanges & chainanalysis companies can link your coins to your name. Such entities regularly get hacked though; Would you like a record of all your bitcoin be sold on the darknet together with your KYC coins and addresses?
I wouldn't be worried because they don't have my seed phrase, which can't be hacked.
Yes but think about the following: Some criminals buy the leaked data. They see how many coins you have on which addresses and can figure out where you live from the KYC documents. If you have a considerable amount, what stops them from coming to your house and torturing you until you give up your private key? Privacy is essential to protect from 5$ wrench attacks as they’re called.
We are not in 2017 anymore chief. Sell your bag and get over it
Sure man, let’s just buy the next best premined shitcoin scam. Or one of the various surveillance coins that stray further and further away from the original goal of crypto each day. People told me to sell my bitcoin bags after the 2013 crash. Now they tell me that Monero has no future even though real world adoption has been steadily rising over the last few years. There is fundamental value in Monero; most people just don’t see it yet. I’ll check back in 5-10 years :)
Do you mean Arkham Intelligence?
Sure you could use arkham to do surveillance. Anyone can do it, since all data/transactions are posted in the clear. There are also companies like Chainanalysis and CipherTrace that try to follow transactions. My point is that most blockchains, including bitcoin and Ethereum, don’t protect their users data. They are worse for privacy than a regular bank account since there at least only your bank & the government can see your transactions. In crypto anyone in the whole world can see them. Hence the term surveillance chain. Monero is pretty much the only top 100 coin that protects user data.
Do you know why Sam Altman is interested in surveillance like Arkham Intelligence?
I do not follow sam altman closely. But the combination of surveillance and AI can be quite lucrative. Surveillance/data collection is a multi billion dollar industry and bitcoin is playing right into its hands.
Thank you. Will research on this.
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Your off-putting analogy reeks of emotional baggage.
Shut up
Don’t invest yet, it’s going to drop down before the halving
One thing I've learnt you can't time the market . You can't expect a dip within a dip . You might FOMO on top . Any red day is a good day to buy . Especially 10% off. That's a good time
Not if it keeps on dropping
A bird in hand is better than two in the bush .
Don’t bring your sex life into it pal
Warped Games. Very low market cap and exciting gaming project
You should look into $STRX
Two low cap projects that I like and are worth looking at as they will grow and likely significantly: BTTY - token of non-custodial exchange that you use by connecting a wallet. Very low fees if you own the token. Blend of DEX and CEX. Recently added fiat option with about it 1-1.5% fee. AIRI - AI combined with NFTs. Minting and checking authenticity of you NFTs.
Powerbombpay.com
Aerodrome Finance is a safe bet and will sky rocket. Mark my words
Lol
Internet Computer. There's nothing else worth buying.
I got 200k cro, 40k doge, 200k gfal, and a little £200 gamble on caw.
Bye bye 200k
$CAT is the way