I can't tell you what's going to happen in the market because I'm not a psychic or a member of whatever whale groups might actually exist out there. I don't try to time or manipulate the market. I'm basically a pleb like you, I just happened to get into BTC very early on when it was under $100. When it hit $1,000 and then again $10,000 I sold off quite a bit, but I still have a lot left over. I held through this entire year without batting an eye.
Why? Because what I can tell you is that for those of us who have been in this game for long enough, this episode actually doesn't appear very different from several other dramatic dips we've seen. If nothing else, crypto is actually closer to adoption now than ever. Maybe the speculative mania will disappear forever, but if you think a $100B market cap for even bitcoin alone is fair or above value, I'd call you crazy.
You don't think you're early? You're not as early as I was, but look around you. Tons of news & public figures talking about the end of bitcoin and crypto. All your paranoid Thanksgiving posts about having to explain how your crypto is doing to the rest of your family. Most of the world still thinks this is a joke. They're not paying attention. It's easy for someone interested to find out major corporations are investing billions of dollars into blockchain tech and crypto, and yet still most people think it's a fucking meme and will never be a part of their reality. The truth is, within a year or less, every single person with Internet will have blockchain integrated into their life in some way.
This is just my opinion so take it for what it's worth, but there's still a lot of money on the table. It might take a few years but bitcoin will see new all time highs. A lot of your shittokens and shitcoins will die completely, so try not to make totally braindead bets. Have at least some of your money in BTC and ETH, and then look for utility tokens which have a sound use case as those might be YOUR best bets to make it.
This might not be the bottom but I'd bet it's close. Godspeed.
Charles Sanders
shut up pajeet larper
Nolan Rogers
The crypto market will have at least 15 trillion in marketcap by 2022 but the landscape will look much different. Good luck trying to figure out which coins will be the winners.
Hunter Ortiz
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Austin Phillips
Based oldfag whale, tell us your opinion of LINK and smartcontract adoption?
James Anderson
I think with some research you can pick candidates which are more likely than others. I also happen to know of a few startups which will be around next year which have excellent backing & top notch founders and staff and will likely make a splash, so my guess is there will still be new players to get nice early entries on which will be worthwhile.
But again, BTC & ETH are probably your best bets in terms of safety. Could they be replaced? Sure. But there's a lot of money riding on them right now, it'd be very surprising to see all of these companies and funds doubling back and saying "whoops we made a mistake, sorry" and absorbing the millions and billions of dollars in loss.
Jackson Parker
but hurt bottom waiter you missed it bro
Christian Gomez
Oracles are important. A decentralized oracle seems appealing but I'm not sure there's a rush to get there from a corporate standpoint. The current system has a lot of trust baked into it and it'll be easier to keep than intact and use centralized oracles than moving to decentralization. The standard will have to change. Maybe all it requires is one big adoption.
That being said, I think LINK is higher risk but not a BAD bet. If it pays off it will be in a big way.
Also full disclosure I really only half understand any of this shit, I'm not a tech guy. I just read as much as I can and try to absorb what I'm able to.
Samuel Sanchez
So are you saying that I shouldn't have gone all in on wokecoin?
