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Mr. Krinkle

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and ya know what i think i was doing too - confusing Polygon MATIC for Cardano ADA - reading too much on both of them and started crossing my wires

Polygon's kicking ass again....that was way behind Cardano too and it's got a good chance to pass it now
 

Bare_head

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Stuff like western union and some other money exchanges. If you mean the dark web i dnt have much knowledge on that. Did it start before bitcoin the darkweb or not?
 

Mr. Krinkle

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All the green energy coins are on fire since Elon said no BTC because of the carbon footprint....

Idk what to do now, it's all going up and up but the green coins really are the future, so I don't think I should keep standing on the sidelines watching it all go by...
 

Mr. Krinkle

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Yeah, Cardano is a technically advanced blockchain that was created to solve some of Ethereum's problems. I am a fan.
Interestingly enough, I believe Matic was created to work with Ethereum and give it the scalability that Cardano has....

Scalability
 

Mr. Krinkle

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Doesn't it just sound like cardano is still speculation? Like who are they working with? Africa or something? They don't have any money
 

Bare_head

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Hey mate. You want to read into blocksize and how it affects transactions cost and speed.. but with this faster speed comes at a cost.. mainly some things like the possibility of a 51% attack.

This is all theoretical but if a 51% attack were to happen they could take the network down.

Take a look at coin bureau on youtube and listen to his take on bitcoin cash for example.

That is not to say that these things dont have a place in crypto. Far from it.

I can definitely see some changes in the coming years . Bitcoins miners have apperently 80% signed up for taproot. Essentially giving bitcoin more privacy and allowing smart contracts on the blockchain.. we will see what comes of that.

Bitcoin usually trades sideways in this sort of climate. Bitcoin dominance is at 39% and will go even lower during these times so i would be sure looking at rotating into some more alt coins. Hell im even thinking that we could see as low 20s for bitcoin dominance.

Bitcoin is still king but for how long who knows. I see eth flippening happening this year or in the coming future.

Remember secure money comes at a cost. Bitcoin has shown for a long time its secure which is one reason i like it. I have slowly moved into more alts this year. Gotta keep a 2nd/3rd hedge imo
 

PriestTheyCalledHim

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All the green energy coins are on fire since Elon said no BTC because of the carbon footprint....

Idk what to do now, it's all going up and up but the green coins really are the future, so I don't think I should keep standing on the sidelines watching it all go by...
Bitcoin and all other crypto currencies are super risky and remind me of tulipmania, money laundering Ponzi/pyramid schemes, etc.

You are much better off putting money into mutual funds, or a Roth IRA, or even stock or commodities instead.
 

Bare_head

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Doesn't it just sound like cardano is still speculation? Like who are they working with? Africa or something? They don't have any money
They have been very slow deploying smart contracts on their blockchain.

Alot of not much doing the past few years. This year they are making some moves. They have partnered with some other big companies in the crypto space and will release some more news this year.

Here is a small peak into the ada ecosystem


They definitely are alot smaller than eth and when eth 2.0 comes out ada will have to step up to that. I do feel they may find it hard when eth 2.0 out.

Not financial advice.
 

Bare_head

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Bitcoin and all other crypto currencies are super risky and remind me of tulipmania, money laundering Ponzi/pyramid schemes, etc.

You are much better off putting money into mutual funds, or a Roth IRA, or even stock or commodities instead.

Decentralisation is the future. Lets stop lining the rich's pockets with more money.

Definitely do your own research. You can lose all your funds investing in this space. Its high risk. With those risks come high rewards. As long as you dollar cost average and sell % when you profit you should mitigate this risk.
 
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Mr. Krinkle

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I agree, once 2.0 is in full swing, where does that leave cardano?

And then they compete with polkadot which isn't going anywhere because of tether, chainlink, and matic, right?

I don't know about cardano and I just feel like the price is going up because ppl are just placing bets on a horse

No?
 

Mr. Krinkle

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So as soon as Elon says "hey everybody you can bring your doge down to the dealership to buy a Tesla" ADA goes back to $1.20?

They have 13 coins I can pay my pornhub bill with and ADA isn't one of them
 

Bare_head

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Yeah its going to be hard for them i agree espeically with polkadot aswell competing
 

PriestTheyCalledHim

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Decentralisation is the future. Lets stop lining the rich's pockets with more money.

Definitely do your own research. You can lose all your funds investing in this space. Its high risk. With those risks come high rewards. As long as you dollar cost average and sell % when you profit you should mitigate this risk.
I know wealthy people who did invest in bitcoin but they did not put lots of money into it.

Why do you never hear about people who have large amounts of bitcoin getting money for any of them?
 
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