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Bitcoin and Crypto Thread

Apologies for the very noob question - Where can I safely buy $SPACE $ ALPH and $QUBIC
You can buy $ALPH on Uniswap. If you look on the Qubic website there are a number of exchanges listed. I used trade ogre. Don't know about $SPACE. $JUP is a safe bet, but probably doesn't have 50-100x potential.
 
It may be worth looking into $TAONU. It appears to be the (official?) memecoin associated with $TAO. This coin has gone up 10x in the last month coinciding with the rapid rise in the price of $TAO.

It seems to have a certain manic fever attached to it. If people expect the price of $TAO to go parabolic which it very well may (if it hasn't already), this coin may just do the same.

Only a $10m MC, plus everybody loves a cute dog.

Also $PALAI appeals to me. An AI auditing program that helps verify the validity of crypto projects, contracts etc. I do not know heaps of this project but they have a partnership with Google for Startups (check Twitter for confirmation) and IBM presumably. Apparently this Google partnership provides 6 figure funding (maybe). I have heard there are more partnerships out there but I can't recall.

Coin was at 6 cents a few weeks back but there was a bit of FUD when their twitter page accidentally (you hope) tweeted content relating to another project. Apparently this was an error caused by an external marketing agency who have since been fired. People do not know too much about the team either which causes worry for some.

Project is still new and volatile but seems to be attracting large volume buyers here and there. $2.5m MC.
 
Apologies for the very noob question - Where can I safely buy $SPACE $ ALPH and $QUBIC

All, but Qubic are on MEXC - which is a reliable choice for alts - https://www.mexc.com/

Qubic is only on junk exchanges that have been having lots of problems this week due to being overloaded.

https://www.sevenseas.exchange/market/QUBIC-USDT <- People are saying this is the most reliable exchange to buy Qubic at the moment. I've never used it. N.B. the price has gone up 120% this week. It could have a correction and miners sell their coins on Thursday.

Also curious to hear thoughts on $JUP

It's an aggregator on Solana that opened at a very high price after a well publicised airdrop period. Some people got 6 figures of airdrop and the price has dumped. It's cap is about 2% of Solana, which is about average for a prime DEX, but it's an aggregator with some other functions. There is a lot of risk it will go down, and it's upside potential is probably not that great.

The best play for a DEX is to buy the first DEX on a chain when it comes out (so long as it's a low price). The SUI DEX was still quite low cap when I looked at it. If there is anything on TAO, it would be worth looking at. There are two on SPACE.

Easiest play is to buy L1s, buy the DEX, buy the meme coin (so long as you can get them early at a low price).

There was a meme coin launched on Alephium yesterday. It started trading at $25k and is now up to $325k and it may as well have no site or Twitter. There is another one lauching on it today.



It starts at $5k and will easily beat the meme coin from yesterday. Whoever gets in first will soon be up massively.

I see the analogy like trying to predict the next Nvidia or Tesla when you could buy apple, microsoft, google, amazon, or the S&P. You "might" be right, but also you'll probably be wrong.

Sure, I saw Shiba Inu coming and should have gotten in. $100 would have netted a fantastic return. It just seems like an even more rowdy risk/return profile than stocks... and most people in reality suck at picking stocks, and are better served going with something stable.

Hope you do strike gold!!

Patterns are a bit more obvious in crypto. Trad markets don't have a halving, where the market has always very predictably moved.

Nov 2013 - top
Jan 2015 - bottom
Dec 2017 - top
Jan 2019 - bottom
Nov 2021 - top
Jul 2022 - Jan 2023 - bottom

The last one was augmented a bit due to billions of failures in crypto companies, so it hit a low earlier and was a good buy through all of Jul 2022 - Jan 2023.

We see similar now, where BTC should be having a bit of a correction / sideways-down, but the EFTs have pushed it up higher.

As mentioned above there is a pattern of getting in on L1s as early as possible, buying the DEX and meme coin cheap and early. The closer it is to core crypto (L1s), the easier it is. If you are taking picks further away from crypto and tech than it's more difficult. e.g. if you are buying something like a video or audio streaming project that is far away from core crypto users and too close to general consumer-facing normies, then it's potential is much lower. And the peaks on such projects are more fleeting. An L1 is more likely to cruise up from last year to the end of 2025. While a project that may be excellent, but not very crypto-centric, might not do much and then 30X over 2 weeks, and then dump most of the way back down.

Variables:

- crypto-centricity, tech-centricity
- pedigree of board, advisors (if team are anon, well vetted)
- quality of community outreach, marketing
- cult (concentration of interest in the project, evangelism)
- organisation (if they execute things very well)

Look for a combination of those in lower caps.

Narratives:

New faster L1s (a good number still cheap)
BTC sidechains (Stacks has flown, SPACE still early, Bitlayer not launched, unvetted)
ETH L2s (too late)
AI (TAO domination; Tau/Agrs, OLAS will likely go much higher; enqAI moonshot is pumping)
DEXs (just buy fresh prime DEXs on your chains, or other chains ASAP, if they trade from a low price)
Memes (buy the first meme on any chain at basement prices)
Computing processing (this is not been doing so well, probably because it's not very user-facing, RNDR doing well, lots of other not done well, many to choose from)
Real World Assets (tokenisation of physical or legacy financial assets like real estate or stocks, the latter had some decent projects in 2021, but they have fell away, I think this area is not that worthwhile as it's too far away from crypto to get any adoption...)

The more something is used, even if it's just for gambling, the more the price will go up. Difficult to keep up with what is going on but SUI, Alephium and Space seem to be the chains that are best at growing their ecosystem, which will make the price go up over chains you can do little to nothing with.

On getting in on DEXs early. You can buy the Qubic DEX token OTC from their Discord.

"no results found"

PM'ing.

It may be worth looking into $TAONU. It appears to be the (official?) memecoin associated with $TAO. This coin has gone up 10x in the last month coinciding with the rapid rise in the price of $TAO.

It seems to have a certain manic fever attached to it. If people expect the price of $TAO to go parabolic which it very well may (if it hasn't already), this coin may just do the same.

Only a $10m MC, plus everybody loves a cute dog.

Looks like it could be a good one.
 
Cynllo:

I was looking at the qubic-li project on github, which is probably one of their users who pasted a compiled efi image. github.com/qubic does provide full source, the problem is there is 0 documentation & I don't think their source code is even finished.

Based on the miner you sent, it does appear to be a pow coin using some obscure algo. They aren't publicizing what exactly they're calling it but it's something based on keccak. What's even more odd is that no major cpu miners are supporting it, and the Russian pow mining pools that Russians are using to convert cheap electricity into crypto like rplant aren't supporting it either. Considering this coin is based out of that area it's quite odd, as rplant is very quick to support new cpu & gpu coins.

Kaspa was like this in it's early days, but my skepticism on Qubic is the following, this is the tradeogre orderbook:

Code:
[2024-02-15 07:52:15.147] Orderbook: QUBIC-USDT
[2024-02-15 07:52:15.147]     0.00000499 : 4366869273.40275478
[2024-02-15 07:52:15.147]     0.00000498 : 2436018252.76793003
[2024-02-15 07:52:15.147]     0.00000497 : 3843671397.02082539
[2024-02-15 07:52:15.147]     0.00000496 : 1002298380.00000000
[2024-02-15 07:52:15.148]     0.00000495 : 60000000.00000000
[2024-02-15 07:52:15.148]     0.00000494 : 1662874447.64182234
[2024-02-15 07:52:15.148]     0.00000493 : 20000000.00000000
[2024-02-15 07:52:15.148]     0.00000492 : 250642915.38000932
[2024-02-15 07:52:15.148]     0.00000488 : 1091886984.13388348
[2024-02-15 07:52:15.148]     0.00000487 : 401216447.58658510 <----------------ask
[2024-02-15 07:52:15.148] -----------------------------------------------
[2024-02-15 07:52:15.148]     0.00000481 : 152714701.40296632 <----------------bid
[2024-02-15 07:52:15.148]     0.00000480 : 740788168.38279581
[2024-02-15 07:52:15.148]     0.00000479 : 7062586.60334029
[2024-02-15 07:52:15.148]     0.00000478 : 60330116.29954470
[2024-02-15 07:52:15.149]     0.00000477 : 1991610.00000000
[2024-02-15 07:52:15.149]     0.00000476 : 148520310.42449999
[2024-02-15 07:52:15.149]     0.00000471 : 35334938.66000000
[2024-02-15 07:52:15.149]     0.00000470 : 190312564.29560000
[2024-02-15 07:52:15.149]     0.00000468 : 274629460.79484290
[2024-02-15 07:52:15.149]     0.00000466 : 585406390.89309013
[2024-02-15 07:52:15.149]     0.00000465 : 1041503239.44130731

Obviously in the short term Qubic is falling, right now despite claiming a market cap of billions of USDT (lol) or whatever it takes 10 or 20K USDT to crash the price 10%. Considering no major miners are supporting it, this is most likely indicative that the team running it is mining & selling it as fast as possible. If the few people actually capable of mining it are dumping, not a great sign.

The lack of documentation, lack of transparent mining process & enormous sell pressure would make me be very careful on this.

PS: This will work as a self custody qubic wallet & you can also look up tx's - https://github.com/qubic/qubic-cli
 
1708006566770.jpeg
 
Based on the miner you sent, it does appear to be a pow coin using some obscure algo. They aren't publicizing what exactly they're calling it but it's something based on keccak. What's even more odd is that no major cpu miners are supporting it, and the Russian pow mining pools that Russians are using to convert cheap electricity into crypto like rplant aren't supporting it either. Considering this coin is based out of that area it's quite odd, as rplant is very quick to support new cpu & gpu coins.

I can't comment on the mining situation, as this is not something I am knowledgeable on.

You would have to ask in the Discord if you are interested in picking it apart. One reason could be as it differs considerably from former miners. As mentioned, you can't just rent a server to install this on in a few minutes. It needs a custom BIOS.



Is BitTensor on these pools? It's probably the most comparable miner. Seems to be CPU mining. And it's about $3b cap. At a glance it appears BitTensor is only mined via a few new outlets.

Obviously in the short term Qubic is falling

It's dollar value has gone 220% since criticism of Qubic began. It doesn't look like there is a higher performing coin of a higher cap this week. If it goes down, there are a lot of people waiting to get more. But the short-term is not that important.

right now despite claiming a market cap of billions of USDT (lol)

They are not claiming it has a market cap of billions. CMC often has the wrong market cap, particularly when it has a warning sign next to it. Qubic provided the correct circulating supply to CMC, but they've decided to remove it and provide the wrong figure.

Qubic provide you the market cap on their explorer.

https://app.qubic.li/sign-in?redirectURL=/network/explorer (press signin)
or whatever it takes 10 or 20K USDT to crash the price 10%.

As you note that is typical of a coin at this stage. But it doesn't usually go like that. I bought a lot more than $20k over about 10-15 minutes and the price went up a few percent.

Considering no major miners are supporting it, this is most likely indicative that the team running it is mining & selling it as fast as possible. If the few people actually capable of mining it are dumping, not a great sign.

There's three people whose work is borrowed from by most new L1s - Satoshi, Vitalik and the Qubic founder Sergey Ivancheglo.

Ivancheglo made the POS consensus mechanism workable - sometimes credited with its created, but its correct to say - improved. So essentially everything downstream from ETH borrows from his work. And he introduced DAG to cryptocurrency, which is used by new L1s to overcome blockchain limitations. He's been involved with BTC mining from the earliest times. What are the chances he's now running a scam project?

You can read of his ideas on this project going back more than 10 years.
 
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Seeing a lot of people getting into this one: https://www.coingecko.com/en/coins/enqai


It's an uncensored AI. Trying getting anything out of mainstream AI on "controversial topics" like Jerry Epstein.

More examples - https://nitter.cz/enq_AI

Hearing people saying they are buying this for the tech. Possible easy 10X.

Epstein example:

photo_2024-01-25_01-32-50.jpg

enqAI is breaking out. Posted a few pages ago. Narrative is uncensored AI. A whale has been buying up huge chunks over the last weak. Devs are in contact with TAO. Moonbag potential.

Turns out the BitTensor (TAO) co-founder has been in contact with enqAi for years:



This has just done a 3X.

The BitTensor co-founder is a Christian.

 
for ETH, highly suggest that you monitor the ETHBTC Chart Long TF - if ETHBTC resume bullish market structure and overcome the red supply on my chart, it can easily pump up fast looking at the liquidity engineered (red curve) and gather momentum.

Losing both the demands then I'll give up on ETH.

1707500422760.png
Good reaction from the support zone. A daily close with candle body ETHBTC above 0.05596 then ETHBTC will challenge 0.0600 and could rotate up to 0.079

1708048411816.png
 
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Watch out for MSTR if BTC goes where we think it does. It can rise to be included in the S&P 500 and in doing so, greater inflows will come from ETF buying ... Saylor coming up genius again.
I don't quite understand what you're saying -- if MSTR enters the S&P 500, index funds will buy MSTR stock and it'll rise? But then how does MSTR in turn affect BTC?
 
I don't quite understand what you're saying -- if MSTR enters the S&P 500, index funds will buy MSTR stock and it'll rise? But then how does MSTR in turn affect BTC?
Because they can dilute more shares and convert to BTC. Sell more bonds and convert to BTC. It’s a Big Short on fiat currency. Saylor knew, (and this is the part he didn’t say out loud) that his company was ridiculously over valued, like every other US equity. That is just dumb money that has nowhere else to go, because everything else is overvalued. Take that equity, buy something that the market ridiculously undervalues (BTC), and create the biggest fortune in the world. And he is fighting the good fight so far, crushing Craig wright in court.

He is probably the most eloquent intellectual speaker I’ve listened to, and has some very original insights into looking at BTC. He is stuck halfway in the fiat paradigm, thinking we will still have dollars and government regulation, and thinking early Bitcoiners are going to pay their fair share in exchange for being left alone (I doubt they will.). Not sure if he really believes this or if he has to say it because he’s a public figure and big target.
 
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I don't quite understand what you're saying -- if MSTR enters the S&P 500, index funds will buy MSTR stock and it'll rise? But then how does MSTR in turn affect BTC?
It's just along for the ride, but it could affect it through investments to support and expand the network (which I think it plans to do) as well as buy or acquire more - up to a certain point of course due to the price increases that are coming that will blow everyone's socks off.
 
And he is fighting the good fight so far, crushing Craig wright in court
Oooh, I didn't know that, but I did hear that Wright was getting bish smacked from that idiot McCormack podcaster guy, which I was pleased to hear. Was Wright also trying to go after Saylor?
and thinking early Bitcoiners are going to pay their fair share in exchange for being left alone
I don't have a view but probability wise I think this is more likely. Saylor is the wisest investor in the world currently, so I believe he has thought ALL of this stuff out. Like BTC in general, people are going to find out much later than they want that he is currently what I've claimed he is.

I personally think the upper classes will be unmoved in general, even with BTC, since they are worth so much, and governments even laying stiff penalties on them just doesn't change their reality; it just might cause some complaining. But they are a worry for governments too as they can move with wealth and attract others. I foresee a new elite rising from the visionaries who saw BTC for what it is, which will be upper middle class and above, and where tracking of these people will be too much energy for the dysfunctional governments to bother with. Or if all the freedom is restricted, more and more bounce to El Salvador, UAE, or new lands/regimes akin to those.
 
 
Is everyone still thinking 2025 for the BTC top and it being around $100-150k? Or are people thinking this year is more likely and with lower/higher figures?
 
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