Bitcoin and Crypto Thread

eradicator said:
Xrp etf got approved by the sec last week

www.coindesk.com

XRP Price News: Closing in on Record High

The token has climbed more than 10% over the past 24 hours and 34% over the past seven days.
www.coindesk.com www.coindesk.com

Yes the overall market is green but if you’re asking why Xrp is out performing other coins like btc that’s why
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I think it isn't the BTC treasury instinct and companies putting that on their balance sheet that causes the melt up, it's the shitcoin treasuries that will cause the most problems.
 
eradicator said:
Oh. It looks like eth continues to pump. If we do get the all time high for eth in the next couple weeks/months, that would trigger an alt season
One week eth chart

View attachment 22526
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Why would you really want Eth or altcoins?

Every altcoin season, sure there's a handful of coins that skyrocket 10,000% over a week. If you get those right, if you really see DOGE or SHIB or whatever coming and you time the meme right, you're set. But that's true of any market, like the stock market. Chances are, you won't get the to-the-moon shitcoin pick right, you won't wager enough for it to make a difference, or you'll sell at the wrong time, and these things always crater.

It's all garbage, or you can buy bitcoin. And if you don't like that then you should stick to traditional assets, stocks(index funds primarily), real estate, cash flowing businesses, commodities, upskilling yourself/education...etc.
 
cosine said:
Why would you really want Eth or altcoins?

Every altcoin season, sure there's a handful of coins that skyrocket 10,000% over a week. If you get those right, if you really see DOGE or SHIB or whatever coming and you time the meme right, you're set. But that's true of any market, like the stock market. Chances are, you won't get the to-the-moon shitcoin pick right, you won't wager enough for it to make a difference, or you'll sell at the wrong time, and these things always crater.

It's all garbage, or you can buy bitcoin. And if you don't like that then you should stick to traditional assets, stocks(index funds primarily), real estate, cash flowing businesses, commodities, upskilling yourself/education...etc.
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The utility of ETH is to buy coins on the Ethereum chain

If you are asking, why do some coins prefer to make their coin on the Ethereum chain, Ethereum has smart contracts, and some developers simply prefer to make their coins on Ethereum because it’s what they know, and they know it’s generally a popular chain, even though it has relatively high fees compared to SOL, or SUI

Apparently, the United States House of Representatives today passed a major cryptocurrency bill, he needs to get approved by the Senate and signed into law by President Trump, and this could trigger or accelerate an alt coin season

Congress Hands Crypto Industry Huge Win, Bitcoin Hits Another All-Time High, and DeFi Protocols Mount Rally

The price of bitcoin hit a all-time high this week, while ethereum, and XRP also had big rallies as the House passed the GENIUS Act and Clarity Act.
www.gemini.com


Edit it’s funny that you mentioned Dogecoin cosine. Dogecoin actually has some real utility, it is the only currency that someone can use to buy a Tesla. It is Elon Musk’s favorite coin..

And while the doge dog died in real life, the coin doge coin will live on and on and on forever
 
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Make shaming great again:

“Our culture is sick. Beautiful, excellent and courageous people are made to feel guilty for the things they worked hard to build or display, while ugly, fat, resentful and distorted people are protected from shaming through hate-speech laws and an Overton Window that has moved so far to the left that centrists like Elon Musk are considered fascists. Schools reward participation instead of merit, HR departments and hate-speech laws censor both truth and fact, obscene displays of debauchery are actively encouraged all which contribute to a normalization of insanity. The cultural outgrowth of such a cancer is ugliness and extreme nihilism. The worst behaviors and the worst practices are on full display, while the best of what we have to produce, and display, is made out to be evil, and in some places, illegal.”

“This is why, while some will think it harsh, I believe shaming should be normalized once more. From a young age, all the way up to old age. Bullying in school, while not “nice” on the surface, evolved for a reason. It helped kids, when they were young, calibrate behavior. In fact, if you go back to the 80s, before society fully softened, movies like Karate Kid showed us how the kid being bullied was able to stand up and develop himself. The bully was a catalyst for personal growth! The key is not to remove the shaming and social pressure, but to have parents, teachers and mentors channel that pressure to help develop the characters of their children and students. The same goes for adults, whether in the workplace or more generally in society.”

Excerpt From
The Bushido of Bitcoin
Aleksandar Svetski
 
The hero:

“It’s useful to understand this idea via-negativa: what not to do. Carlyle describes the opposite of a hero as someone who falls into skepticism and insincerity. Skeptics replace action with endless questioning, dilettantes replace commitment with permanent dabbling, and insincere people hide cowardice behind irony and sarcasm.

“The Hero, the man of integrity and sincerity, is the man of action. The Hero is a man of radical responsibility, which I’ll explore in the next chapter.

Integrity, much like honor, revolves around consistency of actions, principles, and values, regardless of external observation or pressure. The Bitcoin system is in itself an embodiment of integrity. It is “whole and complete” in the sense that we know its maximum supply and the full ruleset. It is a ‘Truth-Machine’, not unlike the Logos: it just is, in its glorious completeness.
As a transparent ledger, recorded and distributed worldwide, it is as honest a record of human action, value and money as we’ve ever had (and possibly ever will have). There is no papering over what’s there. Bitcoin is an immutable record, an incorruptible source of truth.
It goes further. Bitcoin’s consensus mechanism is the most elegant solution we’ve seen to ensure honest node operation in an adversarial environment. By combining monetary incentives, the real cost of energy, cryptography and the law of large numbers, Bitcoin orients validator behavior toward honesty, without the need for coercion, trusted collaboration, or trusted third parties: it solves the Byzantine Generals Problem. At the same time, it incentivizes individuals and collectives to cultivate integrity.

Bushido is a playbook for life on a Bitcoin Standard. I believe that in such a world integrity, like honor, will be valued more than guile and opportunism. The entrepreneur will earn more than the trader. The producer will be valued more than the consumer. The short-termism and nihilism will give way to a lower time preference and greater meaning.
Bitcoin not only embodies integrity at a systemic level, but demands it from individuals. Still, practicing this virtue is not easy: Bitcoin alone does not fix that. I believe it is our duty to cultivate this Logos within, and do it not “because Bitcoin”, but because it makes for a more wholesome existence; first for ourselves, then radially outward.
These are the acts of a Hero: to tell the truth in a world of lies, and to inspire others to do the same.”

Excerpt From
The Bushido of Bitcoin
Aleksandar Svetski
 
the new Euro
 

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It looks like the alt season is imminent. If there were any coins that you wanted to buy, hopefully you already bought them.

Here’s the one month chart on eth

IMG_6645.jpeg


We are heading into phase 3

1_8QFcx7X_R2SY5nJAWtoZqg.png
 
Made some money on ETH but sold too early as it hasn't been doing much for a while.

Any recommendations what I should yolo my profits into? 😀

Edit:
Was recommended to buy ALPH on here last year and made a nice profit. Is now down about 90% on it's ATH but up 18% in the past 14 days.

Thinking maybe a good option to buy back in to this if we're potentially heading into alt season 🤔

Anyone have any thoughts on ALPH?
 
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slowpoke said:
Made some money on ETH but sold too early as it hasn't been doing much for a while.

Any recommendations what I should yolo my profits into? 😀

Edit:
Was recommended to buy ALPH on here last year and made a nice profit. Is now down about 90% on it's ATH but up 18% in the past 14 days.

Thinking maybe a good option to buy back in to this if we're potentially heading into alt season 🤔

Anyone have any thoughts on ALPH?
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You have a 1 in 10 chance of getting a 10x return on some alt-coin…how much money are you going to gamble? $1k? $10k? Best case you get $100k, If you beat the odds. The VC investors all got pre-mined tokens for 1/100th what you pay once the shiny new thing goes “live”. 99% of people that play this game lose - their money goes straight to Charles Hoskinson, David Schwartz, Chris Larson, Vitalek Buterin, Donald Trump, etc etc etc, who have a permanent sell wall of their shitcoin so they can buy bitcoin, jets, and mansions. The DJT group didn’t announce a $2B purchase of Trump coin, Alph, or Ripple…they are buying bitcoin.

Or you could just buy bitcoin and never have to worry about any of this nonsense. Is buying $1k worth of bitcoin going to allow you to retire in 10 years? No…but opting out of fiat money, by only using bitcoin, will. Even just putting 10% of your net worth probably will. It seems too easy, you just have to buy bitcoin and not do anything. I was used to scrambling around trying to find the right investment, trying to protect my money from the never ending debauching of our fake money, and after that, bitcoin just seems too easy. I get it, I do.
 
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chance vought said:
The DJT group didn’t announce a $2B purchase of Trump coin, Alph, or Ripple…they are buying bitcoin.
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You can say that again.

chance vought said:
Or you could just buy bitcoin and never have to worry about any of this nonsense.
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They always want to take advantage of human impatience and greed in order to stop you from buying the right thing, and waiting. A key thing to evaluate is, however, how long you will hold or wait, since the point of money is to spend it. The difference with BTC and fiat of course is that you have that option with BTC, but not with fiat. Increasingly so.
 
slowpoke said:
Made some money on ETH but sold too early as it hasn't been doing much for a while.

Any recommendations what I should yolo my profits into? 😀

Edit:
Was recommended to buy ALPH on here last year and made a nice profit. Is now down about 90% on it's ATH but up 18% in the past 14 days.

Thinking maybe a good option to buy back in to this if we're potentially heading into alt season 🤔

Anyone have any thoughts on ALPH?
Click to expand...


I’m still holding alph but it could take years to see real gains on it from gigatons partnership or any of the tier one exchanges. For whatever reason they waited to get tier 1 exchanges and will likely miss the train for this cycles alt coin season.

Aitech, tai, bittensor Tao if you want Ai coins.

If you want meme coins pnut, Bonk, mog, Pepe, based Brett for high/mid cap memes. Even pengu but it’s already pumped a ton, same for fart coin

If you want low cap high risk. Theres a ton. Aaa cat on sui, smoking chicken fish, hoppy, ponke, sudeng hippo, tooker

If you want layer 1s, sei, sui, kaspa , avax or as you mentioned alph

Layer 2s try mintlayer

I mean whatever you get just remember to take sensible profits on the way up

None of this is financial advice, do what you want
 
Gambling on these distractions will not materially improve your life if you are lucky, and has a good chance of making it worse.

You are not too late to bitcoin, any more than you are too late for electricity, the internet, or mobile phone. It’s a tool that makes your life better and more productive, (and more secure) the moment you decide to adopt it.
 
I saw the dip today and went ahead and bought a few meme coins

Fud the pug
Aaa cat
Smoking chicken fish
Moo deng
Tooker

A couple thousand dollars total, my suspicion is that memes will fly first, then utility pics such as artificial intelligence than way ones than l2s

I don’t think any of the gaming points are going to do anything, not sure about real world, asset coins, but I own a couple
 
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