ALTCOINS! - what you like?

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zdaBa

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Note: this is not a thread on what coins are good to buy mags with, this is a thread dedicated to altcoins for monetary advancement... Or utility, or whatever. I don't care.


SUI, LINK, AVAX, ICP, and for shits and giggles, a little DOGE and PEPE.
Anything and everything that isn't BTC.

This ain't the place to shill your pump(f) shitcoins, either.

Real projects only.
Besides legacy memes, I guess?
 
as someone who trades for a living - i buy the altcoins that have a chart suggesting they will go into, or are already in a defined uptrend. i couldn't care less what they do if it doesn't translate to price appreciation and i've seen plenty of "innovative" projects go under for whatever reason over the span of a decade.

buy the things going up - more people are likely to follow your lead and push the price higher because people like investing in things where the value is increasing. there's no reason to fiddle around buying things you think are "discounted" because what you think is cheap might be 10x more expensive than what everyone else thinks is cheap - you won't know until after the fact. when a chart is in an uptrend, there is a clear visual indicator that the market agrees that asset is valuable simply on the merit that the market continues to push the value higher.

right before trump announced the tariffs for the first time near the end of january, the best performing crypto asset in general at that point for the last 6 weeks or so was something called "fartcoin". believe it or not, fartcoin actually has utility through interoperability with other crypto projects - but that's not why people bought it. people bought fartcoin, because it was the only thing going up when everything else was going down. it went up about 35,000% in three months from the bottom and anyone could have easily bought it on a dex when it was at those lower prices.
 
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xenxra said:
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buy the things going up - more people are likely to follow your lead and push the price higher because people like investing in things where the value is increasing. there's no reason to fiddle around buying things you think are "discounted" because what you think is cheap might be 10x more expensive than what everyone else thinks is cheap - you won't know until after the fact. when a chart is in an uptrend, there is a clear visual indicator that the market agrees that asset is valuable simply on the merit that the market continues to push the value higher.
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Ok, so that may be the time to 'pump', but how do you know when to 'dump'? ..that is, before everybody else does and you lose your shirt!

XRP: I remember on another 'pharma' forum many years ago there was one user there really touting XRP as the coin to have. I bet he made out pretty well. Assuming he held it long enough...
 
bitwise said:
Ok, so that may be the time to 'pump', but how do you know when to 'dump'? ..that is, before everybody else does and you lose your shirt!

XRP: I remember on another 'pharma' forum many years ago there was one user there really touting XRP as the coin to have. I bet he made out pretty well. Assuming he held it long enough...
Click to expand...
this "how do you know when to dump" mentality is what makes people round trip their positions.

if you invest money into something, and you're turning over a profit - why would you wait until the perfect opportunity to sell everything when you can take out bits and pieces along the way? when you get your paycheck from work - do you spend all the $ you plan to spend until the next paycheck the absolute second you get it all at once or do you pay one bill here, buy some groceries a day later, pay another bill that night, refill your gas at the end of the week, etc etc.

this all or nothing mentality is greed at its finest and you won't make it far in the markets with that approach.

look up "market phase cheat sheet" then go study that in relation to any chart and you'll see that everything in every market trades exactly the same they're just on different time scales. it doesn't matter if it's the dollar, bitcoin, a meme coin, wheat futures, copper contracts, ten year bonds — they all follow these phases. but what could happen on a meme coin in the span of 7 days might take 7 years to play out on something like Nvidia but at the end of the day you can look back and find a laughable amount of similarities between them.

it sounds like you're looking for an "investment" and my last 10 years in the market has clearly shown me thay the idea of being able to "passively invest with the goal of long term retirement" is just some spiel narrative by wall street to attract liquidity to offload their positions.

people will refer to all the crashes on the s&p since the great depression and use the fact we recovered from each one as a means to push the agenda that things like the s&p "always go up in the long run"

yeah... so what happens when it doesn't?

what if the NYSE decides to prop some new index and funnel all the market cap from the s&p into that one instead? it wouldn't be an overnight thing but these are feasible scenarios.

a bit of a side note, this was a pretty funny statistic i saw a couple days ago - the people who invested in gold at the top 600 years ago and held it down refusing it admit they were wrong wouldn't have broken even until... last week. (i guess i bring that up one part bc it's a crazy stat and also to emphasize that you need to constantly be evaluating if your thesis is WRONG in the markets when most people look for confirmation bias to AVOID admitting they're wrong)
 
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xenxra said:
this "how do you know when to dump" mentality is what makes people round trip their positions.

if you invest money into something, and you're turning over a profit - why would you wait until the perfect opportunity to sell everything when you can take out bits and pieces along the way? when you get your paycheck from work - do you spend all the $ you plan to spend until the next paycheck the absolute second you get it all at once or do you pay one bill here, buy some groceries a day later, pay another bill that night, refill your gas at the end of the week, etc etc.
Click to expand...
That sounds just like the pitch from the guy selling annuities every Sunday morning on TV. "Make the money work for you!" ...Okay, I'm with the both of you so far...
xenxra said:
it sounds like you're looking for an "investment" and my last 10 years in the market has clearly shown me thay the idea of being able to "passively invest with the goal of long term retirement" is just some spiel narrative by wall street to attract liquidity to offload their positions.

people will refer to all the crashes on the s&p since the great depression and use the fact we recovered from each one as a means to push the agenda that things like the s&p "always go up in the long run"
Click to expand...
Well, up until now at least, the market has always recovered and provided a decent return over the long run. You might not get an exponential return like XRP or BTC over the same time period, but as they say, it's all about your appetite for risk.
xenxra said:
yeah... so what happens when it doesn't?

what if the NYSE decides to prop some new index and funnel all the market cap from the s&p into that one instead? it wouldn't be an overnight thing but these are feasible scenarios.
Click to expand...
In terms of market impact, I think anything the NYSE does is probably miniscule compared to what's happening with respect to the federal government and the executive branch in particular - e.g, possible insider trading by those who are privy to the next tariff announcement... Also, over the long term I'd be MUCH more concerned over a weakening or corrupting of federal agencies like the SEC.
xenxra said:
this all or nothing mentality is greed at its finest and you won't make it far in the markets with that approach.

look up "market phase cheat sheet" then go study that in relation to any chart and you'll see that everything in every market trades exactly the same they're just on different time scales. it doesn't matter if it's the dollar, bitcoin, a meme coin, wheat futures, copper contracts, ten year bonds — they all follow these phases. but what could happen on a meme coin in the span of 7 days might take 7 years to play out on something like Nvidia but at the end of the day you can look back and find a laughable amount of similarities between them.
Click to expand...
It's precisely the 'irrationality of the markets' that scares me away from day-trading of any form. I know there are folks out there that have made money trading meme coins, just like individual stocks, but
at the end of the day, it's probably not something they're going to be able to repeat into perpetuity. Also, bots are everywhere now, shorting, etc. and are making it harder to be able to pick winners consistently, regardless of the specific market (coins, stocks, etc). Over the longer term, as you said, look at all the IPO tokens that have gone bust over the last ten years. Very few people could have predicted which were going to be winners versus losers.
xenxra said:
a bit of a side note, this was a pretty funny statistic i saw a couple days ago - the people who invested in gold at the top 600 years ago and held it down refusing it admit they were wrong wouldn't have broken even until... last week. (i guess i bring that up one part bc it's a crazy stat and also to emphasize that you need to constantly be evaluating if your thesis is WRONG in the markets when most people look for confirmation bias to AVOID admitting they're wrong)
Click to expand...
And they told me on conservative radio to buy gold because Biden was wrecking the economy. Now Trump is president and they say it is still the only trustworthy investment...Go figure!
 
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