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Comments (61)

Sep 4, 2021 - 10:09am

Drop Uniswap/Compound/AAVE, load up on LUNA/AVAX/SOL/FTM

If you know what you're doing get a stack of RVP, they plan to launch on mainnet by the end of the year. Transaction fees are high right now because their testnet is based on ETH but once normies can buy through exchanges we can easily see the coin go up to $1 just thanks to momentum.

Sep 4, 2021 - 5:56pm

Dude that name is going to stunt its potential. Almost like the USSR created its on crypto. 
I am going to take a good look at it though, ty.

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  • Analyst 1 in IB-M&A
Sep 5, 2021 - 4:07pm

Short Caller

Drop Uniswap/Compound/AAVE, load up on LUNA/AVAX/SOL/FTM

If you know what you're doing get a stack of RVP, they plan to launch on mainnet by the end of the year. Transaction fees are high right now because their testnet is based on ETH but once normies can buy through exchanges we can easily see the coin go up to $1 just thanks to momentum.

Yeah sure, load up on SOL after its >100% rise of the last days. 

Sep 4, 2021 - 12:12pm

Monty Burns

Normie question, but how many cryptos can you actually bet against? Obviously you can short the big boys like Bitcoin, but can you really put on a bearish position on a some no name crypto with a 10 million market cap?

There are futures.  Bloomberg's Odd Lots had a good interview on how much you can make off lending. (I refuse to say sec lending here) They're my second favorite financial pod behind Trillions.

The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
Sep 4, 2021 - 10:58am

XRP. The coin can literally steal such huge market share from CHIP, Swift, Vostro/Nostro Accounts, etc. Basically trillions of dollars of potential movement in volume for the project. Not to mention since 2004, many fintech companies have been trying to change the digital transaction inefficiencies. I would think other projects like XLM, HBAR, etc. are good competitors, but if XRP wins the SEC case, I believe this will be a huge move for them.

Sep 4, 2021 - 1:20pm

Ripple the company has different products it creates and XRPL is one of the biggest solutions they offer.If XRPL was a shitcoin, then address these points:How did XRPL survive the major crash from 2017 while most shitcoins didnt.Why does it have leading/strong partnerships by reputable financial companies/banksHow come it's the project with lowest transactions fees that ETH, Cardano, or BTC can't even get close toThese are some points to address but I could keep going. Now you tell me how is this a shitcoin that has been a top 10 coin over the last 5-7 years ?

Sep 4, 2021 - 1:23pm

Ripple has 3 product offerings and XRPL is a solution that revolves the company to generate revenue. So yes they do need XRPL to work, bc that is their product in which a lot of their future revolves on. Not to mention they have a full team researching CBDCs that correlates in hand with XRPL.

Sep 4, 2021 - 11:02am

Be careful.  Almost every firm is fly by night.  Big players won't touch the stuff.  Legal and money laundering issues scare them.  Demand equity and have an exit strategy.  5 years could make you a millionaire, or leave you broke and unemployable.

The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
  • 1
Sep 4, 2021 - 1:42pm

Just to add another data point to the discussion: I am still long BTC and ETH, although my positions are below 10K so far.

Also, I have received three phone calls in the last weeks for roles in NYC and one in London, biggest call was from the HR team at JP Morgan. If you look at their HR portal you will see plenty of roles they are hiring for. One of their ambitious projects is their new Chase branded digital bank for the UK market with potentially coin integration.
 

Sep 4, 2021 - 8:53pm

ETH and SOL

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Sep 4, 2021 - 9:25pm

Quite hilarious how you start following coins only after they've mooned. I remember you posting about Doge at some point, and now Solana? lmao

I got in Solana at $90 and now it's $145 with a peak of $150.72 this week. I think it's looking fine. Maybe I did get in late, but I still think the hype is real on Solana. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Sep 4, 2021 - 9:30pm

Quite hilarious how you start following coins only after they've mooned. I remember you posting about Doge at some point, and now Solana? lmao

I took a loss on Doge. I got in at .65 and out at .55 as it spiraled down. It did peak at like .75 and was impressed by some people who got out then. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Sep 4, 2021 - 10:26pm

Quite hilarious how you start following coins only after they've mooned. I remember you posting about Doge at some point, and now Solana? lmao

Hey man you should be nice to me as you may have just found ME as your SELL SIGNAL. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • 1
Most Helpful
  • Analyst 1 in IB-M&A
Sep 5, 2021 - 4:26pm

As someone who's been actively involved in trading and holding cryptocurrencies since 2017, there are a few pieces of advice I can share with you.

It is typically recommended to dedicate a significant portion of your cryptocurrency portfolio to Bitcoin. In the end, Bitcoin dictates the market even though it's an old and outdated project from a technology standpoint. Personally, though, I do not own any Bitcoin since in the end there are a countless number of other projects that will earn me a higher ROI, %-wise.

My portfolio mainly consists of Ethereum. I personally expect Ethereum to flip Bitcoin in terms of market capitalization within a few years. The Ethereum platform and its technologies are used by hundreds or thousands of blockchain projects already, and it'll continue to play a massive role in the crypto and blockchain space going forward. There is also the ongoing ETH2.0 roll-out, which overall is a huge upgrade.

I furthermore focus a lot on Polkadot (DOT) and Kusama (KSM). These are two very closely related projects and will, in the future, be connected via a bridge. The Kusama parachain auctions are live, and the Polkadot parachain auctions will commence later this year. I won't dive into what parachain auctions are, but their consequence is that a lot of KSM and DOT tokens will be locked for ~48 weeks, which is obviously beneficial for their prices from a supply/demand perspective. DOT/KSM are also miles ahead of competing projects such as Cardano, which to me looks like a $95bn marketing/hype project (no working product, no customers – although I do respect Charles Hoskinson).

I also like Chainlink (LINK) a lot. This is also a project which is here to stay. From a price perspective, LINK typically moves independently from most other cryptocurrency tokens. It also tends to lift off in later stages of the market cycle. Definitely a long-term hold for me.

I also hold Binance Coin (BNB). Binance is by far the largest cryptocurrency exchange and their native BNB token is very much in demand driven by all sorts of events and features on their exchange, (e.g. Launchpool /Launchpad), the Binance Smart Chain, etc. Even though it's in fact a CeFi (centralized Finance) as opposed to DeFi (decentralized Finance) project, their smart chain works really well and their team has done an incredible job over the last few years.

I furthermore hold Nexo tokens. Why? To earn passive income (interest) paid out daily. The more Nexo you have as a % of your total portfolio, the higher your loyalty ranking. Higher ranking = higher rewards. 

A very small portion of my portfolio (1-2%) is dedicated to high-risk, high-reward projects. Potential moon shots with a high failure rate. Think Shiba, Elongate, etc. but also non-meme projects with a very low market capitalization. Best is to minimize your exposure to such projects, although it can be fun and rewarding at times.

Some takeaways:

  • Stick to the basics; BTC, ETH, and some other (established) projects should comprise the majority of your portfolio
  • Focus on a limited number of projects (5-8, max. 10). There really are too many projects so you could e.g. identify certain areas like DeFi, file storage, supply chain, NFTs, crypto ecosystems, etc. and pick like 1 interesting project per category to have a broad exposure
  • Earn passive income: stake your crypto on e.g. Coinbase, Binance, Nexo, Kraken, etc. and earn 5-15% interest annually
  • Make a plan: when to cash out? What's my minimum required ROI? Doing this prevents you from making decisions driven by emotion
  • Don't chase green candles. I see that Solana (SOL) is being mentioned a lot here. It is obviously too late now to take a position in this token, given its incredible rally over the last few days. Same goes for LUNA. These projects have released some good news/upgrades hence their price action. Although these are solid projects, buying at such high prices is risky (as with any coin). Can still buy these if you have a long-term horizon and are fine with (potentially) having a negative ROI for quite a while (until somewhere in the next bull market maybe)
  • Don't 'panic sell' when you're suddenly down 20%. If you really need the money, then you've invested more money than you can afford to lose which is obviously a big mistake. Despite the fact that this asset class has matured over the last few years, it is still very volatile
  • DYOR: try to ignore YouTubers with their clickbait content. There are only a handful of solid YouTubers out there such as Bob Loukas, Benjamin Cowen and Coin Bureau

Feel free to ask any questions.

Sep 6, 2021 - 4:46pm

Solana Hits All-Time High as Coin Rises 14% in 24H

Some people are starting to call this season "Solana Summer." 

By Decrypt Staff

2 min read

Sep 6, 2021

https://www.google.com/amp/s/decrypt.co/80328/solana-hits-all-time-high…

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Sep 6, 2021 - 5:02pm

I don't hold any as I'm afraid of losing the money.  I could see once my net worth goes north of a million to put maybe 2-4% into them, but for now, I'll continue sitting on the sidelines watching everyone else make millions.  VOO for life.  

  • Prospect in IB-M&A
Sep 6, 2021 - 10:34pm

Anyone reckon there might be a correction on the horizon given the recent tear cryptos been on? Looking to drop a few but not sure if its wise to get in now or ideally wait for better entry point

  • Analyst 1 in IB - Gen
Sep 6, 2021 - 10:37pm

I'm wondering the same. I have the cash, but I'm waiting now. Then again, I've been watching everything go up 2x as I've watched on the sidelines like a fool.

Sep 7, 2021 - 9:00am

Fantom is my largest holding. Up to $1.70, so 5x in the last month. I'm not kidding when I say that it can 10x from here in the next 6 months. Please go try it! Try all of the Layer 1s. Ethereum cannot compete with current tech. It's still a place in my portfolio, but nobody is going to spend $200 to transact on ETH when alternatives exist. Mass user adoption will not include ETH but other chains.

Disclaimer: I've been in since lower than 1 cent, so I am biased. I've taken massive profits, but I also have experience in crypto (since 2017) and tried ALL of the Layer 1s out there (Avalanche, Polkadot, Solana, Fantom, and L2 (Matic)). Fantom is the best to use. Low transactions. Low time to finality (~1 second transactions). Good value on-chain (north of 1.1B already). I'll shill you all day on it, but I also have millions right now from it. So I'm 100%  biased.

Sep 7, 2021 - 11:16am

I just pretty much DCA into BTC/LINK/ETH every paycheck. Eventually going to provide to a LINK/ETH pool but gas prices are just still too insane for me. Will also start to dabble in some Alts soon.

Sep 7, 2021 - 5:48pm

+1.
I'm surprised how many fools there are on this forum. At this point, I start seriously considering issuing my own coins and making several billions, cause it seems like people are just throwing money into all sorts of noname new coins (all of them are worthless but people even buy some crappy new ones).

Sep 7, 2021 - 7:55pm

I would probably get into LUNA if it was on Coinbase

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Sep 7, 2021 - 8:50pm

Not trying to troll or be a hater, but has anyone actually used any crypto in a real life scenario yet (besides buying pure MDMA)

I follow crypto casually, and right now, still would just rather use my CSR credit card for literally everything 

Sep 7, 2021 - 9:01pm

I cash out in poker on America's Cardroom in Bitcoin. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Sep 7, 2021 - 9:27pm

I've got a stupid amount of money in NBA Topshot. I'd anticipate NFT's will replace physical cards over the next 10-15 years so I'm all in. Portfolio's up a solid 40% so will continue to invest more. The only thing that sucks about NFT's with fmv's > $1k is that your bid side is garbage, it is insanely hard to get out of those positions. Sometimes it feels like you're cutting your offers into thin air…

Sep 8, 2021 - 9:22pm

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"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • Intern in IB-M&A
Oct 27, 2021 - 12:15am

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Oct 27, 2021 - 4:35pm

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