/biz/ - Business & Finance

>>30089817
I'm heavy invested after digging into it. They provide a solution to scaling ethereum that is not perfect but works very well right now at a time where everyone is complaining about gas fees (fees on matic are ~$0.000009). The TLV has been growing exponentially the past few weeks and AAVE devs have been praising it and teasing a possible integration the past few days (already working with aavegochi). There was also some movement of MATIC from coinbase custody wallets, hinting at a possible listing.
I think this can potentially be one of the biggest gainers on this upcoming alt season.

>>29798800
Bizonacci is Satoshi Nakamoto

If it isn't secured and scaled by PoW it isn't Blockchain.

>>29628102
He is currently the wealthiest person on earth. Normies think he's a genius because of that.

>>29540251
he is obviously talking about a stablecoin.
tether was trending earlier today due to it's lawsuit.
he's talking about tether you idiots

So this is it then, we just bumble around the mid 50s now. It was fun while it lasted.

>decide to consolidate into the btc/eth/link plus 1 shitcoin
>pick PNK over UNI

>>29188531
I abandoned the crypto ideology a long time ago when bitcoin maxis were licking the boots of banks and financial institutions to buy bitcoin. Fuck all of it. I don't care if this shit is just a centralized copy-paste of eth, I'm just here to make money and this shit made me a lot of money the past couple days.

>>28834413
YFI
it's the only blue chip Defi coin that hasnt pumped yet and is about to enter price dscovery, will probably do a 3x within the next couple weeks.
my price target is between 120K-150k. might even go to 200k if it gets enough momentum

DR;NS

>>25573054
I'm impressed... not.

>>25312224
holy shit I just looked at the price, sorry anon...
I'm glad when it was shilled here, I looked at the chart and said "fuck no", it looked shady as shit.

managed to dodge that bullet

>>24908174
Stable? I don't think so.

>>24614981
I had 70k at the peak of the defi craze in august, from an initial 8k investement.
Then I became too greedy and blew 5 bitcoins away by playing with margin. I felt like shit for like 2 weeks (those would be worth close to $100k right now).
But you eventually get over it. I still have a portfolio worth $25k, which is still 3x my initial investment and I already cashed out $5k, and all my coins have been going up a lot.

I definitely learnt some important lessons about risk management: don't get too greedy and cash out some profits on the way up, don't try to counter trade to try to get your money back after a bad trade and avoid playing with margin as much as possible.

>>21357827
I'm gonna help you out anon, so you won't have to kill yourself.
>First, sell your XRP. It's a shitcoin with no future, no point in holding it any longer.
>Second, go for a dive on uniswamp, find 2 or 3 low cap "defi" coins that haven't mooned much and put that money on the coins.
>Wait for the price to x2/x3 and sell.
>Use some of the profits and buy Link, and then repeat the first step with the rest of the money.

You'll make it in no time.

>>21046286
Not until you start margin trading, that's where true addiction is. Seeing the numbers go up at an exponential rate is such a dopamine rush only comparable to heroin

OK, I’ve seen a lot of XRP shill threads lately. I think these are either trolls or deluded schizos. Either way I’ll take the bait:

In terms of technology, XRP is outdated like Bitcoin. Sure it's 1000x faster than BTC, but it's not programmable like ETH or other more modern blockchains, which means you can't deploy smart contracts on it. The problem with this is that countries and banks won’t want to use someone else’s currency, they will want to be able to deploy their own currencies and stablecoins, allowing them to have full control over the supply. To do that you need a blockchain that is programmable. This is really bad for XRP adoption, because as I mentioned XRP is not programable.

XLM for example, usually seen as an XRP competitor, already does everything XRP does while also being programmable, and there's a dozen other new blockchains around that are faster than XRP and also programmable and ready for institutional adoption. ETH 2.0 will also be way faster than XRP while already having a huge portion of the institutional market conquered (look up the Enterprise Ethereum Alliance). Add to that the fact that stablecoins have been proved to work really well and became really popular over the years, with some banks even starting to accept deposits in USDC, and you can see how XRP’s value proposition starts to dwindle.

And I’m not even going to touch into the DeFi space and its growth potential, which, again, requires a blockchain capable of being programmable.

Overall it just feels like Ripple are way behind the competition and just trying to catch up.

>>20482474
In terms of technology, XRP is ancient like Bitcoin. Sure it's 1000x faster than BTC, but it's not programmable like ETH, which means you can't deploy smart contracts on it. Reminder that smart contracts are literally at the core of this DeFi bullrun, so this is really bad for XRP adoption.
There's some news that they are planning to add smart contracts to XRP, but at this point it might just be too late. XLM already does everything XRP does while also being programmable, and there's now a dozen other blockchains around that are super fast and programmable. Add to that ETH 2.0 potentially being way faster than XRP while already having the majority of the market conquered, that it just feels like Ripple is way behind and just trying to catch up.

>>18618267
This is literally a textbook ponzi scheme, no way I would put my actual money into this. I just want to see how far it will go, before it crashes down. It's just pure curiosity.

>>18509173
and it worked, didn't it?
point made

>>18365955
you're in a clown market, you won't be able to predict anything, just get your money out of the bank and get some cryptos for when the eventual hyper inflation kicks in. If you got a backyard, start growing your own food. get out of big cities, if you can work remotely

>>18324027
this is the most inorganic fucking pump i've ever seen, so it will probably crash, but whatever. I don't plan to sell until we get to $5k at least

Fuck this clown market.
Fuck this clown world.
I hope corona burns this entire system to the ground.

>>18283881
mostly crypto, I'll buy in again at lower prices.
I'm a eurocuck, but currently I just hold dollars. We're in a liquidity crisis, so despite all the printing the value of the dollar has been rising due to the high demand. Hyperinflation won't kick in until after the dust settles.