For funsies, looking to dump ~10K each into ~10 shitcoins/"projects" on the next meaningful crypto pullback. Don't care if said coins go to zero; I want to diversify my PA and have some high-risk exposure to crypto since I have no crypto.
I'm looking at it similar to an early-stage VC investment....Ideal outcome would be one of the coins 100X-1000X over a 5 year hold period while the other 9 go to zero. They'll probably all go to zero, but whatever.
Said coins would need a small enough market cap to make 100X-1000X a mathematically feasible outcome.
I've been a crypto critic and haven't drunk the Koolaid to date. This is as much an experiment as anything else.
Hit me with your best ideas.
Wonderland TIME staking is the best possible reward to risk you can get in Crypto right now imo. It’s not a shit coin and probably won’t go 1000x, but 100x over the long term is certainly possible with little downside at current levels. It will be the new the TQQQ for crypto on this site...watch.
Say more. What is this.
For sure, YouTube Wonderland TIME staking. It will show you step by step what to do. Passively make huge yield by “staking your tokens”. Think maybe like an absurd equity dividend every 8 hours. It’s a life changer, honestly. There is a Reddit and discord to you can join that are very helpful. Please feel free to reach out if you need help.
Best risk/reward and you can't even write a couple sentences on why? Why won't this be a rug pull? Why will the value of each not be decimated as supply explodes? Why is this coin worth 8 grand when it's backed by 1 mim?
Lol please don’t invest then. I love this new shift wealth creation 😂😂
Only because I’m bored waiting for the next rebase, one of Daniele’s (the founder) previous projects were hacked. He reimbursed everyone in addition to +20% all out of his own pocket...do with that info as you will. I’ve wrote about this so much I’m getting tired of it. Go on discord, boomer. (I know you’re probably an older millennial/Gen X but you all act the same regardless). Honestly, though with your questions I don’t think you should bother to invest. Don’t seem like the type that’s gmi imo
he's a paid bot trying to lure people with money to buy into his ponzi scheme. he can't explain the benefits because there are no benefits. the best tactic to lure people into scams like this is to play on their FOMO by saying "don't invest then, more money for me, I love this wealth shift, lol boomer".
This aged well lol.
I'd invest in 20 coins, same reward less risk...
0 in both scenarios
Not gm or gn
Been wondering the same.
this stuff is absolutely complete BULLSHIT, but idgaf anymore I wanna make money off of it too
lmao we have comments like this and ppl still say crypto is not a bubble
I am up big right now on Loopring. I gambling the rumors about the GME partnership are true. Doubt the coin has any real value, but I can see the price climbing much higher because of the GME news (if true)
ftm
100X would give it half a trillion market cap, basically as big as Ethereum today. You think it could get there?
FTM is very solid. Easy 10x but idk about 100x
Wish there was a shitcoin ETF 😂
bump
The Doge NFT. PleasrDAO bought the copyright to the original doge meme photograph from the dog's owner. They turned the photograph into an NFT and fractionalized it into tokens that represent ownership in said NFT. If Doge and SHIB can go hyperbolic based on this meme, I can really see is happening for this one. Was even mentioned on bloomberg/CNBC.
https://www.bloomberg.com/news/articles/2021-08-31/doge-nft-rides-into-…
Am I reading this right? The guy who bought the NFT purchased it for $4 million in June of this year and it's implied valuation is now $470 million? WTF? Also how do I sell this shit if I buy it
It wasn't one person, a DAO (basically a group of people) called PleasrDAO did. But yes the returns are accurate. They auctioned off 75% ownership interest (if I remember right) to the public and kept 25%.
In terms of how to sell it, you can go to SushiSwap or Uniswap. Downside is I personally think for it to go paraballic it needs to be listed on a centralized exchange (like Coinbase/Robinhood), similar to dogecoin or shib. Because realistically most non-crypto people aren't going to want to learn how to interact with those protocals.
I personally don't really get the whole doge meme, but the narrative makes enough sense to me to throw a few sheckles in
there are hundreds of shitcoins, and new pop up every day. if you want to randomly select 10 and hope one will do 100x, it is extremely unrealistic.
Right. Which is why I'm trying to see which coins there is a general consensus on. I'm sure there's a method to the madness for why some blow-up/ go viral.
not how it works ngmi yikesss
My goal is to build some kind of NLP algorithm to do this. Find a coin ranked #150 on Binance or Kraken but is having lots of buzz on social media, and buy it. In my opinion, social media hype >>>>> technology for most cryptocurrencies.
Lmao you absolutely have no fucking idea of the dynamics of crypto markets, NLP and sentiment analysis is so 2015 and cannot be applied to digital assets because if people talk about a token on social media it's already too lated. NGMI sorry
The only way unknown cryptocurrencies increase in value is when an army of "NGMI" mouthbreathers like you start telling others to buy it. This requires a heavy social media presence which can be tracked, and plenty of hedge funds and traders most certainly use it right now. As of 2019, institutional investors were doing it.
https://www.reuters.com/article/us-crypto-currencies-algos-insight/maki…
Party like it's 1929.
RIVN
TheGraph.
Here is why:
TLDR: The coin is an indexing protocol which will enhance looking up and storing data on (e.g. smart contracts) on the block chain. This value of the use case is going to highly benefit from the upcoming Web 3.0 wave.
Cool.
GRT's tokenomics SUCK though.
My list so far (keeping some “blue chips”)--
I'd get rid of Cardano - a lot of hype, very little in the way of releases and ecosystem. Of these I'd add AVAX to your list as well - layer 1 that could have a Solana-like parabolic move soon. Note that none of these are actually "shitcoins" these are all top 10 marketcap coins (outside of Fantom, which you could argue prob belongs in top 10). Your upside on these this cycle imo are 2-4x (w/ exception of Fantom). Gotta go lower in marketcap for the more degen plays that can 10-100x.
Check out loopring LRC. I took a flyer on it hoping the GME rumors turn out to be true
Good list. I normally preach Btc / Ether only but Fantom is so cheap right now compared to what it can do. One way to value these coins is Market cap / Total Value Locked. Based on the comparable comps, Fantom is your answer for the shit coin to invest in.
Fantom 5.5 bn / 5.0 bn = 1.1x
Solana 67.2 bn / 13.4 bn = 5.0x
Ethereum 510.6 bn / 172.6 bn = 2.95x
Polygon 11.5 bn / 4.76 bn = 2.4x
I have ETH + SOL
most crypto is useless
LUNA coin, representing the terra ecosystem. Great projects that are being developed, most famous atm is anchor protocol. Pretty safe 20% yield annualized. 5 year horizon for me. Personally invested/staking in a bunch of their projects.
For anyone wondering. I added staking SB to the portfolio, did some more research and they are solid.
Nice, what’s your research process for SB? What info did you use to conclude that they are solid?
Hedera Hashgraph. Look up the two founders and the numerous public companies (Google, Boeing, ServiceNow, Nomura etc….) that have backed it. Still has room to grow –– looking to capture enterprise market.
Tokenomics aren’t great but it is still early and plenty of time to make money.
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