I don't think it will be banned. Just regulated...which will knock out many of the players, but not all.

Well, you know where I stand

You could qualify for free airdrops if you’re an xlm or xrp holder.

Airdrops.IO

I think the coders can code faster than lawmakers can write laws. Be interesting to watch though.

Yes, it's a sign to get out while you can and/or invest heavily now.

Do you guys know if going with Etherium is important when selling nft's? I'm thinking of creating an nft collection to sell and noticed Opensea lets you choose either Etherium or Polygon blockchains, with Polygon seeming to be the no brainer choice given that it doesn't have Etherium's exorbitant gas fees. But perhaps most people just prefer using Etherium because it's what they are accustomed to?

JACK DORSEY IS NOW FOCUSED ON ‘MAKING BITCOIN MORE THAN AN INVESTMENT’

https://bitcoinmagazine.com/business/jack-dorsey-block-spiral-focused-on-bitcoin

Poly is a layer 2 solution…

It is way cheaper to do than Eth but less creditable. It doesn’t help there are a lot of scams on Poly. Most people skip over it. Immutable X is up and coming which uses Eth with very low fees but I think it’s also working out some issues.

Alternate networks are Tezos, ADA or Solana all cheap but you have much smaller audience. Volume wise OS is king right now.

Successful NFTs these days have either fantastic utility, marketing, or luck. I wish you luck.

Since there’s so many types of NFT I feel there’s different strengths in where and what it’s listed on. Gaming Solana, art Tezos, etc

Cool, thanks for the info. I'm going after a somewhat niche market with my particular website audience so maybe it'll amount to something, but worse case even if it makes zero it's still fun as I love photography. Opensea only offers three blockchain options, Etherium, Polygon and Klatyn. Klatyn does not offer royalties, the other two do offer them. I selected Polygon for now but didn't realize there were scams on it, although I presume if you can get a blue checkmark on Opensea you'd be ok. Guess I'll keep an eye on it, really just doing it for fun right now and out of sheer curiosity.

I unlocked my first Crypto.com mission reward the other day, it was .7 CRO, ha ha ha, so measly!

Just fyi…OS is crazy backlogged on giving those check marks out…projects that sold out months ago still don’t have the mark…it’s a very long wait now.

Ah good to know! Is there a better nft marketplace to use? I only went with Opensea because their interface seemed simple, they seem to have very low fees and they seem to be the top dog currently.

Does it have utility or is it art to enjoy?

Tbh I don’t know much about the art NFTs they seem real popular on Tezos.

No utility, purely portrait photography of particular people. Truth be told I know nothing of nft's as well, but figure why not give them a shot on something I'm already doing anyways.

Here's your Polygon NFTs...nothing but scammy worthless junk tokens created to take your money or compromise your wallet. I instantly hide these airdropped garbage NFTs in my OpenSea account and only deal with Ethereum NFTs. I know some have had success with Poly, Cardano and Solana NFTs, but I'll stick to the mainstream blockchain despite the ridiculous gas fees. Hopefully, Immutable X and Coinbase NFT exchanges can give OpenSea some needed competition and bring more creators and collectors safely into the NFT space and also reduce the security risks and transaction fees. The amount of scams and shady characters in the crypto and NFT space is astonishing. Right now, I see the average person getting scammed and REKT in no time flat...sad. It's still the Wild West, so I guess those risks come with the territory. Invest at your own risk and don't spend money that you need to live on in crypto or NFTs.

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When Bitcoin price gets North of 65000 people take profits and drag it down.
Every time.
North of 55000?
They take profits.
Folks are milking new investors.

I really like Solana for gaming NFTs.

They said that at 10k and 20k and 30k too.
One year ago we hit ATH. Since then it’s doubled.

I'd love to HODL more BTC so I'm thinking of buying 10k of SHIBA INU to flip.

I don't trust or care about this coin at all but I think this can do x2 or x3 in much faster pace than the others. This will then give me the opportunity to get more BTC.

Crazy idea?
Any other recommendations for possible quick flip?

Definitely crazy, but all of us around here are some level of crazy. I don't have $10k to throw around like that, but more power to you! If you're looking for something to move one decimal point to the right, you're going to have to go the route of SHIB, FLOKI, etc. Some shitcoin that turns out to be the latest shill.

Don't get me wrong; 10k is a lot of money for me too but no pain no gain. I just want to accumulate BTC and I'm not very good at timing the market it seems.

In the end buying SHIB can't be worse than buying NFT's

Anyone every played with this?

https://app.olympusdao.finance/#/stake

Everyone wants to "gamble" to try and jump ahead. The problem with that is, the vast majority fail and end up worse than when they started. Hearing about other people making massive gains in shitcoins and NFT's doesn't help. Everyone thinks they can outsmart the market when the reality is, the people that do...got lucky.

Yes BTC has gone up over 2,000,000% since it monetized in 2009. What most fail to remember is 99.99% of the people who had bitcoin in 2009 sold it along the way...most when they doubled their money. So they put $1000 in....got thousands of coins and then sold when they were at $2000 thinking they were geniuses.

Bitcoin is a better "investment" today, then it was in 2009. Just like Amazon was a better investment in 2012 than it was in 1998 when it IPO'd. What I'm talking about here is risk management. Your risk of losing everything vs your reward. The best risk-adjusted investment right now (IMHO)....is BTC. That doesn't mean it's risk free...no investment is risk free...not even bonds that lose money vs inflation over 10 years.

Everyone thinks Alts will outperform BTC. Over the short term they might be right. But they also take on greater risk. Where is the line between gambling and investing? Different for everyone. When you're overexposed to high-risk investments...you're gambling.

I'm invested in Alts...all listed in the top 10 by market cap. But combined they make up 25% of my "crypto" investments.

I decided to stick with Polygon just because I'm going to go about this a totally different way. I don't expect anyone to discover my photography nft's via Opensea, or even to discover them organically at all hence why I'm not really worried about people filtering them out on Opensea. Instead I get millions of views to my websites and it's from there that I will funnel fans of particular people to my photography nft's. My big issue with gas fees is that they are quite frankly infuriating and make the entire crypto purchasing process suspicious. People rant about hidden fees and such with legacy banking but damn those fees don't hold a candle to etherium gas fees which to me are both insidious as they are displayed at the last stage of purchase, and because they seem downright confiscatory (is that a word?) in their amount. They really do seem like highway robbery and, to me at least ruin the purchase experience with crypto. I'm hoping with Polygon that the purchasing experience can be more genuine in comparison and less like a stickup at a teller machine.

It’s because Eth blew up much bigger faster than it was supposed to get.

If Eth is $100 suddenly a 2.50-5.00 charge is fine.
But at a $4500 Eth is 112.00-250.00 is crazy.

Im a big fan of Solana so far. Those fees are pennies now and there is little to no congestion on the network. However there is are some interface issues that need to be smoother imo.

Well put, I think a dose of sanity in the thread is few and far between. I barely have a toe in crypto and have stuck to BTC, ETH, ADA and VET. Do I wish I'd been on some of the crazy rides of the meme coins? Sure, but the risk vs reward is way to far out of wack for me personally to be comfortable with.

Are you up for another .1 btc bet?

I’d wager I can outperform holding btc with only trading alts for the whole calendar year 2022.

This would be epic.

Can I look over your shoulder? Because I’m going to do exactly what you’re doing.

Maybe if we make it the year 2024.

Edit: Actually, let me think about it. Although it appears I'm about to lose my 1st bet.

I'm sticking with BTC and ETH mainly. Some of the others are interesting like MATIC, Cardano, and Litecoin - but these crap coins like Doge and Shiba - hell with that. If you aren't there when it first spikes 30000%, you're wasting your time. The fact Doge and Shiba are even in the same paragraphs as BTC and ETH when I read on crypto makes me roll my eyes so hard.

That fu&$ing bi$*h is at it again.

“Senator Warren Targets Bitcoin Miner Greenidge’s Environmental Footprint”

https://www.coindesk.com/business/2021/12/03/senator-warren-targets-bitcoin-miner-greenidges-environmental-footprint/

On a side note, support levels look really shaky right now. Anyone have this funny feeling like we are all about to get crushed?

My spidey senses are tingling and not in a good way…..

No. Stop worrying yourself silly. It's going to go up, and it is going to go down. Don't worry about what blowhards say - this market tends to trend up. Remember May through September? Crypto was down hard - then through all the media BS - it found its footing and now we're near all-time highs again (Ethereum at least. BTC still has some decent recovery to make.)

I say this as a fellow crypto enthusiast: if this stresses you out, I suggest you pull your funds and invest in index funds (I invest in VOO, and the stress is about as intense as a gentle ocean breeze).

No way man...

Crypto is as intense as a crap table, the adrenaline is intoxicating!

I'm with pinballinreno on this one. It's an absolute rush. Sometimes a good one and sometimes a bad one. Standing at the craps table is a very good analogy and I love craps. Besides, everyone knows I'm the LINK fanboy running around yelling that the sky is falling.

I was referring to the metrics. November was essentially a bear market which as I'm sure everyone saw, eroded their portfolio. I was down about 13%. Support levels are shaky right now and it doesn't seem like there would be much needed to break through the lower levels under.

I've been in crypto since mid-2017 so I'm relatively seasoned and have been though my fair share of 50% crashes.

As for ATHs, other than BTC and ETH, we are far from ATHs. Most alts are 50% of what they were at their ATH.

LINK - ATH $55.25 - Current $25.52
ADA - ATH $3.32 - Current $1.65
LTC - ATH $413.45 - Current $206.22
GRT - ATH $2.19 - Current $0.91
CAKE - ATH $44.23 - Current $13.22
DOT - ATH $61.29 - Current $4.07

I just grabbed a few of my largest holdings, but you can see where I'm going with that.

Just some additional F.Y.I. Some already know this, some don't.

Ethereum is not money, but it does have value. So, more like an equity.
Bitcoin is money and has value.
Neither are fiat. Although BTC is legal tender in one country (so far), (El Salvador).

Now to the why. Money is fungible (one unit is interchangeable with another), durable (it can be used repeatedly) , divisible, portable, acceptable, uniform and limited in supply. Bitcoin meets all of these criteria plus its supply isn't just "limited", it's fixed. ETH is not limited in supply (since its supply can and has been, changed over time). Bitcoin adds an additional feature...immutability. It's extremely resistant to change. This is a major feature (not a bug) when referring to "sound money".

Is any of this relevant to investors? Sure, depending on what your personal goals are, and what you expect to happen in the future.

Down about 6% more since I posted this and there doesn’t appear to be any end in sight. I was going to buy a little more but I’m not going to try and catch a falling knife.

Wonder if the November bear market is going to continue?

Come on 30k!!!!

Seriously, unlike a stock in which a company can go belly up, if you really believe BTC is the future and you aren't going to use/sell it for 10-20+ years, then you should welcome the massive drops as opportunity. I bought a bit at 53k because...it's still down less than the rest of my portfolio.

Edit.53 not 57

I prefer not to watch my profits vaporize. And crypto absolutely can go belly up. Rug pulls, bans, hacks, etc.

Im waiting for BTC to go back down to $438 before I pull the trigger.

The downsloping 20-day EMA and the relative strength index (RSI) in the negative zone suggest the path of least resistance is to the downside.

Some analysts are saying that if the physiological support level of $50k breaks, Alts are going to get crushed and BTC could free fall to $40k.

Bought more BTC and ETH. I love fire sales!

Just looks like another Friday to me. Although my FOMO is starting to kick in.

I'm planning on picking up more BTC, ETCH, ALGO and CRO once I think we've hit the lowest point in the next 24 hours.

They really need to get through how annoying it can be to move/buy/sell/swap some of these crypto currencies. Spent what has felt like most of the day on a simple transaction.

What are you trying to buy?

Buying and selling on an exchange like Binance, Crypto.com and Coinbase seems extremely fast and easy, much like using something like Fidelity for stocks.

Just moving some binance from gate.io to metamask, swapping it into busd then purchasing something. Main issue may have been with gate.io as I have moved binance from other platforms without delay. I also ran into a few weird metamask issues where it wasn't showing the right balance.

Transaction is done but I can see how new investors could be turned off by stuff like that.

For sure, I've been investing in crypto for years and I don't do any of that stuff because it feels too risky and complicated. I mainly buy and hold and occasionally sell an altcoin that's gone up alot in value to buy more ETH. I played around with Metamask and almost bought some shitcoins that way and then decided it felt too much like I'd fuck it up and loose my crypto. I miss out on shitcoin opportunities, but most people that buy those hoping to profit 100x HODL them too long and don't profit anyway. Among you guys I'm way more conservative and risk averse, among my friends, they think I'm buying tulip bulbs and think I'll lose all my money in risky crypto.

I’m now down 10% in the last few hours. Feels a lot different than a normal Friday night I’m afraid.

Reminds me of May only a little slower this time.