Are You Invested In Crypto?
Bought $5,000 of ETH a few months ago at $800. Got lucky and now it's at $1,340. Interested in dipping my toes into other cryptocurrencies.
What are you invested in outside of BTC, ETH? -- What exchange do you use?
Trending Content
Career Resources
Meant to say this month. Felt like it's been much longer than that.
I'm interested in this crypto called GME.....heard it's really hot.
Last week I started to follow cryptocurrency news to understand the tendency of investments. I agree that all the new types of cryptocurrencies that appear out of nowhere are very confusing. I'm new to this question, and I understand that a certain amount of bitcoins can be mined. But why is nobody talking about the limits of other cryptocurrencies? Who is mining, and where do new cryptocurrencies come from? To be honest, I am baffled. I think that I need to start with something simpler. Maybe, someone can recommend me a channel for newbies?
You really ought to read into them more than just as purely speculative vehicles. When you're just buying randomly you really have no edge, and given the accessibility, anonymity, and lack of regulation surrounding crypto, there's 10x more sharks investing in it than traditional stocks/options. If value investing is the "correct" means of investing in stocks, value investing is also almost surely the best way to invest in crypto. The game is slightly different, given here you're not so much betting on coins being undervalued (by any logic they pretty much all are lol), but potential use case x probability of hitting that. I.e. if a coin can adopt 5% of global GDP to route through its blockchain in the best case scenario, and you give it a 10% chance of hitting that scenario...
This is obviously an oversimplification, but the point stands, and history has shown this to be the right mindset. People who are bitcoin billionaires did it because they saw the massive potential of such a technology early on. Early adopters/visionaries will always win in the long-run.
Plus the technology is extremely interesting, will almost 100% be adopted on a wide-scale in some form, and particularly deeply relates to the financial ecosystem. Also buy chainlink.
People think it is more «risky» then stocks. This is kind of a embarassing statement for people to say.. shows that they have no idea of what they are talking about because they havent read on the technology or what it actually does 😂 compare to .com times but more crazy
Own quite a bit of ethereum
Put like 5% of my NW in crypto spread over 2020, and promised myself to not exit before 2030 no matter what. Now its more like 15-20% so not negligible but i'll just let it ride... I just locked it in Defi protocols at 5-6% per year and forgot about it.
incredible commitment. I just personally can’t see the bullish crypto market continuing to hold up till then.
I'm trying to keep a similar approach with crypto TOPPING at 5% of my net worth. My stuff is on Coinbase with a legacy amt on Binance where I hold a small amount of BNB. Yolo bro.
BTC - 39%
ETH - 23%
ETH2 - 18%
MATIC - 9%
LTE - 6%
BNB - 5%
Seems like decent allocation %
Threw in a small amount for this dogecoin thing for fun. Whats the deal with this?
Are you still holding
If of interest MSTR may be a decent proxy for BTC without the hassle of setting up and funding a crypto account and pay the spreads.
why? Because MSTR has a lot of BTC and was in the news for raising a 650m convert for the purpose of buying BTC. It had also been buying btc well before.
do your diligence (I do not have a position and am not suggesting taking one) but just a thought in case anyone wants to get into BTC.
All this new crypto demand is testing the current limits of the system.
https://coingeek.com/binance-coinbase-and-kraken-crack-under-pressure/
Looking to get into a few alt coins besides ETH, but NYC makes it so hard to find an exchange, besides Coinbase which his limited offerings, with their BitLicense nonsense. Does anyone have any suggestions for other exchanges or a workaround that works in NYC?
For what it's worth I lost about $10k buying in at around $14k then holding through the peak and selling when it dropped a couple years back. But once this whole GME thing is over with I plan on putting at least $100k-250k back into Bitcoin and just leaving it there. The amount of $$$ printing in the last year is just obscene.
nice
Threw about 5k in StellarLumen and Litecoin back in ‘18. They’re doing alright. But nothing insane
Should've bought ETH
I'm in Bitcoin, Bitcoin Cash, and Ethereum. I got out of Doge this morning. I use Kraken and Coinbase.
get out of Bitcoin Cash before the end of the bull market, it will drop like a rock. Should have some good short term pumpage I think though.
Ok good to know
A bit of ethereum and btc. I don't really see the point of BTC so allocation is tiny. Ethereum however has a ton of great use-cases and makes complete sense to me.
When you see you don't see the point of it, guess you mean you can find better returns elsewhere (at risk that is more understandable / controllable)? I see BTC's case as a 10x over next decade if you believe in it...
Was invested in BTC for a 2% of my NW until I found a private stage opp with >30% IRRs in a space I understand...needless to say exited that BTC position and funneled it all into this. I just don't see the reason to own it as I don't have the same level of conviction in it outperforming vs. equity that I know
Yeah that’s pretty much where I’m at with most things. More focused around ensuring adequate liquidity than anything as the majority of my nw is tied up in private companies. I’m going to put a bit into a few emerging managers soon but I see that as a learning opportunity more than anything.
I like ETH and ADA
ADA is overvalued vaporware just buy ETH
Does that opinion extend to all the other "ETH-killers" ? Or are there any you find interesting?
I'm investing in GBTC and ETHE for bitcoin and ethereum cuz I'm not super familiar and comfortable with the whole wallet and storage aspects when buying the actual cryptos. What do you all think about using these ETFs instead? Can I still profit from these cryptos as they rise in the same way as if I actually owned them off of Coinbase or other platforms?
I'm not well versed in wallets either, but have been eyeing the Ledger Nano X.
We need crypto tips from [Lloyd BIankfein] - he knows when to exit a position.
i exited doggy style last night
btc, uniswap, aave, compound, xrp
Put my signing bonus and half my net worth into BTC and ETH back when eth was at 400 and btc was sub 10k. Crypto is now 95% of my net worth and I'm still buying.
this is the way
legend
what's your net worth at right now?
25% NW in Crypto. Everyone check out HBAR, just passed ETH for all time transactions completed on their blockchain. Super low key and undervalued
I'm all for "Ethereum killers" but there have been dozens of them with great dev teams, faster transaction speed, better use cases, etc. and they all have completely flopped. Hard to gauge what is specifically undervalued.
"all time transactions completed on their blockchain" doesn't mean anything, not saying you shouldn't buy HBAR, I've heard it recommended haven't done any research, but the transaction volume in $$ is tiny in comparison to ETH . What matters are network effects, number of active developers, economics of the token, institutional demand, applications and use cases. ETH will have the largest total addressable market and go to $10T+ in the next decade.
You’re not wrong, I’m just tryna pump. Can you blame me
Fine I'll FOMO into FTM lol I should've bought earlier. Why is DOT shit? Should get some massive price pumpage once parachains get announced later this year. MATIC has been one of my best performers over the past few weeks. Why is SOL shit? I have a tiny bag because of hype but have not done ample research into it.
What do you guys think of crypto staking?
I have a fuck ton of ETH staked - it's a no brainer. Not only do you get the asset appreciating in value, you get 7% a year more of that asset while doing nothing.
where do you stake? you can get 16% on yearn finance btw
Lloyd, sounds like you know what you're talking about. Thoughts on staking the entirety of my ETH position? I like the yield.
Future dude but interests should drop and wouldnt lock up value for 1-3 years in staking unless it is in stablecoins
ETH IS ULTRASOUND MONEY
$10,000 later this year. Watch it flip Bitcoin's market cap (if not this year, within the next five for sure).
Hope all crypto goes to 0 and u lose all of ur money
Of course the equity research analyst says that
Of course the guy who thinks "bAnKeRs dO GoD's wOrK" likes crypto
lmao this guy is in every crypto thread trying to cope with the fact that everyone in crypto has outperformed his entire investing career in the past 2 weeks. what a joke
aren't u the same a-hole who keeps following me around??
Thoughts on Stellar Lumens (XLM)?
7 of the Best Cryptocurrencies to Invest in Now
The best cryptocurrency to buy depends on your familiarity with digital assets and risk tolerance.
By Coryanne Hicks and Mark Reeth
May 10, 2021
https://money.usnews.com/investing/cryptocurrency/slideshows/whats-the-…
Any thoughts on YFI (yearn.finance)?
https://www.google.com/amp/s/www.coindesk.com/yearn-finance-1q-2021-res…
“Yearn has become one of the leading places for DeFi users seeking passive yields to entrust their funds. It rocketed to center stage in 2020 when it released its governance token, YFI, the first so-called fair launch.
The project is effectively a decentralized autonomous organization (DAO), functioning without the same sort of rules or expectations as traditional businesses. However, this report seems to indicate that Yearn’s staff is interested in following at least some of the practices that have proven to be useful in the analog financial world.
Total value locked (TVL) in the Yearn ecosystem broke $2 billion in the first quarter, according to the report.
The report also provides a TVL estimate beyond the first quarter: “As of April 15th, 2021, Yearn has over $3B in TVL without any token subsidies or other incentives typically offered by competing protocols in DeFi.”
It has also created a dashboard for interested members of the community to continuously monitor its financials.
The project netted $4.8 million in EBITDA (earnings before interest, taxes, depreciation and amortization), which is $1.1 million more than it earned in all of 2020. Most of it was earned in March, the last month recorded.
Yearn also earned almost $500,000 per month yield farming with its own treasury, an activity it began in February. “We expect yield farming to contribute to an increasing amount of top-line revenue moving forward,” the report said.
Revenue was primarily driven by yVaults, the smart contracts where users can deposit funds and allow Yearn’s strategists to find yield opportunities. Thirty-six new yVaults opened in the first part of the year.
The report notes an ongoing and synergistic relationship with Curve Finance, the automated market maker for stablecoins. Yearn is a major participant in governance on Curve through its vault of permanently locked Curve governance tokens, CRV.
The Yearn report lists 17 members of staff, whose salaries are paid in Ethereum ERC-20 tokens. Its salary expenses in the first quarter would work out to just under $1 million annually. It also spent $150,000 in grants through the first quarter. Yearn’s grants fund smaller projects, such as design work, community outreach, etc.”
bruh
DEFI is the future and yeah yearn gains have been crazy. Check safemoon and SHIB you will be shocked shit coin but insane 😂
i bought all my ETH when it was $100...and have not touched it since
so basically... living the dream
Been investing in cryptoland for a long time now, currently in EOS, IOTA, KNC, ALGO, BAND and XLM. I use binance
Chainlink to Mars.
Now I'm currently in ETH, YFI, BCH, ADA, EOS, LINK, and XLM.
You think we might be coming up on a bit of a bear market soon with all the altcoins crushing it lately? Trying to drop a bunch of money and had my eye on few of the names you mentioned. Not sure if I should wait though but just a little sketched by the recent crypto rallies in comparison to equities atleast
Yeah I think crypto is a pretty good investment. Also, if you invest in a handful, you're somewhat diversified.
https://www.benzinga.com/markets/cryptocurrency/21/05/21029066/dogecoin…
'Dogecoin Killer' Shiba Inu Adds $11B To Ethereum Founder Vitalik Buterin's Net Worth
"SHIB’s price surge has added over $11 billion to the net worth of Ethereum (CRYPTO: ETH) founder Vitalik Buterin, who holds over 505 billion SHIB tokens representing 50% of its total supply.
Why It Matters: The entirety of Buterin’s holdings were not actually the result of him purchasing the coins but rather a “give away” of sorts from Shiba Inu’s creators.
According to Shiba Inu’s white paper, sending 50% of the token’s supply to Buterin was done to remove them from circulation and create an element of scarcity for the tokens.
“We sent over 50% of the TOTAL supply to Vitalik. There is no greatness without a vulnerable point and as long as VB doesn’t rug us, then SHIBA will grow and survive,” said the SHIB founder."
That's the funniest shit I've ever seen
I pretty much trade BSC shitcoins exclusively. Not like doge - but like hopping on tokensniffer - finding new coins and hopping in. So far its worked out pretty well. As far as bigger ones, probably going to pick up some Fantom and QTUM, for a bit.
Thoughts on AAVE?
I have about 25% of my portfolio in crypto. Of that, ~30% ETH, ~30% BTC, ~40% ANKR (shorter term play, I think it's going to rocket over the next 2 weeks but definitely a bit of a yolo)
Woman arrested for forcing Dogecoin millionaire to ejaculate inside her at gunpoint.
https://www.lipstickalley.com/threads/woman-arrested-for-forcing-dogeco…
“I think she knows that I was going to pull out any second because she told me to slow down and then reached for a pistol under her mattress, point it to my head, and told me to cum inside her like God intended,” Tomas said he thought she was joking and until she showed her that the gun was loaded. She told him she wants his baby and called him Dogecoin Papi.”
Yes, very interested. any tutorial?
I personally don’t own any crypto assets but have invested time and energy into crypto
mining?
-
Any thoughts on ankr? Just bought some as first crypto purchase at a friend's recco (totally mindless purchase)
Is there a decent way to invest in the overall crypto market? Only looked into some ETFs months ago but pricing was a bit deterring.
Copy-trading via ICONOMI seems to be equally pricey with outrageous performance fees.
Just looking for a way to park 5k into a diversified crypto portfolio (let's say top-20 currencies by market cap equally weighted) ...
If you want to invest long term, diversification is not a winning strategy in crypto. Buy Bitcoin and wait.
Pariatur sit exercitationem architecto a. Nesciunt suscipit aut dolore et nesciunt rerum. Deserunt voluptatibus sit et iste et et itaque.
Esse eum quibusdam ducimus impedit consequatur sit aut. Quas cupiditate at possimus sit. Sit corrupti inventore possimus quas dignissimos. Voluptas tempora in mollitia at ducimus. Quisquam voluptate voluptatum sit aut cumque iusto quis. Vel ducimus culpa dicta animi quia amet hic. Incidunt architecto minima ut rem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Reiciendis labore voluptatem omnis perspiciatis ipsa eaque. Nisi illo ratione suscipit. Sit id fugit rem vel laboriosam ratione sunt omnis. Molestiae veritatis tenetur animi maiores aspernatur consequatur.
Error et dolor harum illo commodi. Et impedit numquam non ea est eligendi quod. Enim sapiente et consequatur animi et nostrum sapiente. Est ut libero inventore rerum enim voluptatem. Et odio eos quo aut est magni dolorem ullam.
Ipsam dolor quia sit ea odio. Sit aut porro sit officia velit. Incidunt illo ea id. Alias rerum dolor debitis accusantium labore veniam. Non eos nisi rerum numquam. Nam atque nam qui consequuntur aut. Illo consequatur aut rerum amet sit itaque.
Deserunt aperiam ad alias facere totam eos alias et. Et itaque pariatur ea quo enim consequatur esse. Nam amet est labore et.
Maxime fuga earum impedit omnis temporibus. Officiis minima rerum numquam natus. Velit a nemo dolore eos officiis quasi quas natus. Veritatis dignissimos ut quia assumenda molestiae ut dicta. Et sed eligendi est iure. Magnam minus ipsa architecto est.
Eaque nostrum itaque qui voluptates voluptatem ratione possimus. Amet amet similique sed ducimus ratione. Dolores harum laborum esse ducimus totam aut.
Id illo blanditiis doloribus. Qui quisquam eum nihil cum velit eveniet facere.
Voluptates nam temporibus voluptas ducimus consectetur alias voluptas. Facere est et dolor velit provident incidunt. Provident ut eum perspiciatis nostrum explicabo sint. Qui quos saepe quisquam cumque.