Message from @Perihelion - CA
Discord ID: 396378542059028500
hahahahahahaha
ITS NOT THERE
My major stakes atm are ripple and bch.
I thought I'd write my thoughts on crypto trading for consideration and critique.
I call my trade approach Parity Plus Advantage
The basic idea of the Parity part is that all things being equal in long run all major cryptos should be roughly equal in market cap value. You can use this to evaluate a parity price of different currencies. For example ripple has 100 billion units. Bitcoin has 21 million. If bitcoin is worth 15k then ripple parity is 3.15.
The Advantage part is the idea that in long run cryptos with technical advantage in speed security and utility should steal market cap from other cryptos.
For example ethereum is faster and has more utility than bitcoin so we should expect ethereum to exceed bitcoin in parity price in long run. How much is a soft estimate.
Using these methods I've decided to hold bitcoin cash and ripple. But if these are priced past parity I may sell out.
>all major cryptos should be roughly equal in market cap value
What defines a "major" crypto?
I think a lot of cryptos are over-valued because they're full of people who just want to "catch the next bitcoin-like wave", not because they fundamentally offer value in usage.
And I don't think the major infrastructure companies like Coinbase and BitPay will support 100 currencies, they'll probably keep it to 5 max.
I think btc bcc eth ltc xrp are the majors
But that may change with new comers
I'd consider anything with over 10 billion to be major currency.
tbh. any investment into crypto right now is good. there really isnt a bad investment except for the bottom of the barrel shitcoins.
and even then you can make money on those
@Perihelion - CA so you're saying "if they're close in value, they'll get closer in value"?
I'm saying if they stay in use then they'll get closer in value in long run minus structural advantages
For example. Let's assume bitcoin and ripple are equally useful. Then ripple should be worth 3.15. It's priced at 1.6. That's a buy. Now let's consider structural advantages. Is ripple more or less useful than btc? I'd say more useful. So that's an added margin of comfort. End result: ripple is a buy, btc is a sell
Venezuela is launching "petro" a crypto backed by $250 billion in oil
That's a major challenge to financial system. Something to watch carefully
Tether is pegged to the dollar, but fluctuates. What's stopping me from buying every time it goes below $1, selling every time it goes above, and making easy money?
Tether is a scam
It is not backed by USD
They print as much as they want
You think it will crash soon?
I’m not one for timing, just looking at fundamentals.
Can anyone provide and pin to this channel a beginner's primer to Bitcoin, Ethereum, Altcouns, etc? I am thinking of getting in the game but wanted to consult experts here in my IE fam.
Thanks!
It says 404 error...
NVM...edited the link and got working. Appreciate it.
Maybe I am late to the game with this question, but do you guys see that the potential rise in oil prices will also create a rise in BTC value since mining requires 20 barrels for 1 BTC?
I'm sure this has been asked here more than once, but I want to start getting involved and learning as much as possible about crypto - what are the best resources to start reading about it? I assume Googling it will lead to reading some shit-tier normie resources and I won't that woke alt-right crypto info
@Jeb! Nationalism - MD I am looking for the same. I want to start investing in the next few days. BTC at first, but also interested in Ethereum and all the tokens and altcoins
@Darth Right on. I had a little BTC I bought for $25 way back in the day, and I sold it for $500 earlier this year when I didn't know anything about it. I just saw an article about how much Bitcoin had raised and I was like "Hey, I bet I still have some of that!" :p
I really want to read and know as much about it as possible before I get involved in putting more money into it