I looked and Filecoin seems to have been around for many years. I have a hard time keeping up with any of this noise...too many options seemingly overlapping purpose and still zero central way to transact all or any. Until cryto unifies and makes a simple, cost effective way to buy and sell there is no way any of them can gain wide acceptance..even BTC.
I watch YFI regularly and of course ETH, LTC and BTC but the muted trading lately an the larger involvement from traditional sources actually has me less motivated to get involved.
To me the real money is made before some traditional hedge fund or financial firm gets their hooks into it..then it will be squid controlled and they will start 10 decimal place trading it and the upside will be limited. The wild west action is what I am more interested in, not buying when it moves so little. Since these are getting more press, more investment and thus more complexity I'll have to wait for market disturbance and disruption to get in.
The way YFI is not bouncing up any longer also makes me think even with the smaller float it is going to settle down and be range bound, I am waiting to see if 12,500 is tested and broken...that happened once recently but it bounced although weakly.
I think he might be right but he is biased...he has a bias to his position and financial interests so I do not weigh anything that he says with full seriousness. Its like listening to gold bulls or that goof Eric Sprott who talks their book/position. Any extreme position article I read I always look into the reasons the author is writing the article.
BTC should be higher in reality...the "strength" is faux in my opinion based on the weakness in the USD, because any comparison has to be relative to the counter. The USD since this massive stimulus and the FED's actions has been super weak..and yet BTC is only in the 11k range? The USD went from 1.05 EUR to 1.17, from 1.25 GBP to 1.30 etc etc. So if BTC were really "strong" it would be much much higher and yet it isnt. The range it trades is squashed now, the highs and lows compressed. The more this is in the hands of bigger financial players the more it is going to be squashed the upside limited.
Likely the better plays in crypto are to speculate and risk with the teeny names...risk is higher but reward is too.
Oh and on that note above, any sniff of inflation, get the crap out of crypto. If inflation creeps towards 2% the market will start pricing in the FED slowing down or reversing course...the USD would fly higher and crypto would get hammered.
JMHO but that is probably why it went down to 4000 last time, I bet if you overlay the USD index and crypto you should see strong correlation.
Yeah I see what you’re saying. Raoul is definitely heavy in Bitcoin and ETH. He’s also targeting/marketing to crypto twitter.
But I do think he is genuine and believes what he’s saying/putting his reputation on the line.
Have you ever looked at any of the stuff from @100trillionUSD?
Here’s a new video from Raoul. Going to give it a watch in a little bit.
https://www.youtube.com/watch?v=qL2LfVRl3J0
Polkastarter ($POLS) partnering with Orion Protocol ($ORN).
POLS has a $5 million market cap. This is the kind of partnership that you want to see. It implies that it isn’t a scam and they’re a real project. When investing in a micro cap there is always some worry that the project is a scam.
A Binance, Huobi, KuCoin etc listing in the future will send this to the moon.
This is the type of crypto that can go from a $5 million cap to a $500 million cap in a proper bull run.
Charlie Shrem:
“It's 2012.
@ErikVoorhees @rogerkver and I decided to pool our money together for the first #Money2020 event. We told them we wanted the best booth we could afford, but we needed to be next to the @PayPal booth so we can show the world OUR financial system!
Welcome, Paypal!”
Cool picture. These guys went all in with their entire lives in the early days of Bitcoin. Hollywood should make a movie about this story.
https://twitter.com/charlieshrem/status/1318904047236153348?s=21
Established in 1995,
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