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  • Crypto Currency - Believers Only

Millsy Up to 15.50 after hours mate. Time to get on the margarhitta express choo choooooo!

      Wally I’m thinking it might actually happen, but all this talk of $100k is moonfruit o clock.

        AMC, no chance. GME, maybe imo. Waiting on more info like the AGM vote count and seeing what the SEC rule changes bring. Having said that I’ll be long gone before it gets anywhere near crazy amounts.

        I’m holding now. This is easy. Although there was a chap talking about heads and shoulders on a graph last night 🤔

          LT42 Trading chat, same across any market that is analysed using the candlestick method.

          Higher highs, lower highs, falling wedges, rising wedges, W, M patterns all simple to look at but harder to understand.

          Then you get into all of the tools like moving averages, strength indexes and it gets even more confusing. Fair play to the people that do it as a profession.

            I defo no more about it than I did this time last week thats for sure. The next few months will be interesting.

            I read this a month so ago to help me learn to read TA charts. Interesting reading and definitley recommended:

            Having said that, applying it to crypto might be a fool’s errand. It seems way too volatile and open to manipulation (e.g Musk) to get solid info out of it.

            Whatever I gain in amc will likely go on etherium and tesla. Go hard or go home.

            ETH is for pussies - ETHBULL (3x leveraged Ethereum) is for the real winners.

            I’ve only started looking at crypto. Thoughts on Cardano?

            Hursty swears by it.

            I’m more of the opinion that while it’s going to be technically sound and maybe even superior to Ethereum, being first to market for a lot of features makes all the difference. Ethereum’s updates will ramp the value right up and take care of a lot of the problems Cardano is addressing.

            I’m also concerned that the most prominent figurehead of Cardano - (Charles Hoskinson) seems to regularly shit talk other currencies rather than big up Cardano. He was asked point blank by Mark Cuban about the utility of Cardano on twitter this weekend and offered a private chat rather than answer the question for which he was called out on:

            Money to be made certainly - I’d certainly investigate what they are doing in Africa and other nations on the African continent as that seems to be a potential winner - but I remain unconvinced at present.

            • LT42 replied to this.

              One tip I’d suggest is to subscribe to the different ‘trader’ and ‘finance’ sub reddits on reddit - ‘ethtrader’, ‘cardanotrader’, ‘ethfinance’ etc as well as the main channels. Have a browse for a bit and you’ll be able to get a handle on the general sentiment on each currency.

              I need to go back and have a proper read of this thread and then get my crypto trunks on and dive in.

              Wally and offered a private chat rather than answer the question for which he was called out on:

              I watched the video where he answered the question, its on his youtube channel. A very thorough answer too.

                  So far I’ve made £4 on DOGE here lads.

                  Jungle VIP

                  I’m about £50 up overall from last week’s investments

                  LT42 Interesting stuff but he only really answers the ‘What do people use it for right now?’ question for a few seconds with the 50K hotels and wine mentioned (so basically, not much). The rest is spent discussing technical stuff and why it’s better than Ethereum (but not out yet) or their digital ID project in Ethiopia (which is interesting for sure).

                  It’s interesting that it supports Haskell and other programming languages rather than just solidity. That could certainly get developers interested in things. The lower the barrier of entry, the better but I think it’s more likely that developers will release across multiple block chains if they need to (in the same manner as android / iPhones have the same apps and most games are released all consoles) rather than picking one. Sure you’ll get some exclusive apps only available on Cardano but there will be an Ethereum equivalent.

                  It may very well be a success in the future. He says himself, check it out when smart contracts come out. But right now it’s got a distinct vapourware feeling about it imo. Still, always happy to be proved wrong.

                  • LT42 replied to this.

                      https://iohk.io/en/blog/posts/2021/05/17/bringing-erc20-to-cardano/

                      This blog explains the ERC-20 token converter that Cardano is releasing to port across Ethereum dApps to the Cardano network.

                      I think both are good investments, Ethereum is more of a launch the code and fix after, Cardano is the opposite, get it right first time….problem is it takes longer…but long term the gains are more fruitful.

                      Look at it this way, 2X for Eth is $3500 to $7000 per coin….ADA is $2 to $4 currently, not that difficult imo.