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threezero · 04-29-2022, 01:15 PM

Fundamentally Nothing in crypto has any intrinsic value.

Being able to transfer money between people, or decentralization or technology etc has never been the reason for for raise in value on xyz coin. The same argument anyone here made on NFT is actually the same argument that could be said for any coin. Coin/NFT whatever in crypto stuff will only have value as long as there is capital inflow > capital outflow

This is ONLY reason for coin movement and why BTC and ETH is relatively safe and stable vs the other. They are part of the porfolio for many institutions now which mean you are less likely to see a massive capital outflow event, reducing the coin's value to zero. Which also mean they are highly correlated to the general growth market. The portional holding in massive porfolio balance their BTC/ETH holding as if they are growth stocks.

Seeing as how we are in a bear market, it very dangerous to place your bet on this cycle's darling without understanding the underlying reason for capital influx into xyz ecosystem. Most of the minor chain depend heavily on Defi as a way to lock capital into their ecosystem. Which can quickly spiral out of control, be exploited or simply lose out to another ecosystem with higher APR.

Everybody hates NFT here, but onchain data shows ETH to be the one of the few smart contract based blockchain not have all of their onchain activity peg to predominately to a defi system that base on refinancing of debts over and over again (SOL close second, AVAX has a bit of non defi related activity as well).

If you are betting on the smaller chain right now, you really have to ask yourself if you understand the fundamental reason why you believe this chain will come out ahead of the bear market. Alot of the darling of last cycle has never reach their previous ATH this cycle.

Anything else can just be consider a memecoin, SAND/MANA all these sound like they have a fighting chance. But really its just another memecoin that get pump and dump with a narrative, It no different than SHIB/DOGE. There is zero incentive for whale to keep their capital in these coins other than to participant in the pump and dump.

TLDR: If you can't wrap your head around defi, NFT (yes this drive market whether you like it or not). Just DCA BTC/ETH and wait out the bear market. Throw small chump charges at memecoins just in case but expect them to never recover. If you understand the narrative behind $$ flowing into certain coins/project/NFT, There are actually alot of smaller cap that you can invest in on the short terms. But 99% of these will come and go. The top 10 for the next bull cycle is going to look very different than what we have today.

04-29-2022, 01:15 PM	#4163
threezero OMGWTFBBQ is a common word I say everyday Join Date: Jan 2005 Location: Vancouver Posts: 5,185 Thanked 1,379 Times in 578 Posts Failed 96 Times in 53 Posts Member's Picture Albums	Fundamentally Nothing in crypto has any intrinsic value. Being able to transfer money between people, or decentralization or technology etc has never been the reason for for raise in value on xyz coin. The same argument anyone here made on NFT is actually the same argument that could be said for any coin. Coin/NFT whatever in crypto stuff will only have value as long as there is capital inflow > capital outflow This is ONLY reason for coin movement and why BTC and ETH is relatively safe and stable vs the other. They are part of the porfolio for many institutions now which mean you are less likely to see a massive capital outflow event, reducing the coin's value to zero. Which also mean they are highly correlated to the general growth market. The portional holding in massive porfolio balance their BTC/ETH holding as if they are growth stocks. Seeing as how we are in a bear market, it very dangerous to place your bet on this cycle's darling without understanding the underlying reason for capital influx into xyz ecosystem. Most of the minor chain depend heavily on Defi as a way to lock capital into their ecosystem. Which can quickly spiral out of control, be exploited or simply lose out to another ecosystem with higher APR. Everybody hates NFT here, but onchain data shows ETH to be the one of the few smart contract based blockchain not have all of their onchain activity peg to predominately to a defi system that base on refinancing of debts over and over again (SOL close second, AVAX has a bit of non defi related activity as well). If you are betting on the smaller chain right now, you really have to ask yourself if you understand the fundamental reason why you believe this chain will come out ahead of the bear market. Alot of the darling of last cycle has never reach their previous ATH this cycle. Anything else can just be consider a memecoin, SAND/MANA all these sound like they have a fighting chance. But really its just another memecoin that get pump and dump with a narrative, It no different than SHIB/DOGE. There is zero incentive for whale to keep their capital in these coins other than to participant in the pump and dump. TLDR: If you can't wrap your head around defi, NFT (yes this drive market whether you like it or not). Just DCA BTC/ETH and wait out the bear market. Throw small chump charges at memecoins just in case but expect them to never recover. If you understand the narrative behind $$ flowing into certain coins/project/NFT, There are actually alot of smaller cap that you can invest in on the short terms. But 99% of these will come and go. The top 10 for the next bull cycle is going to look very different than what we have today. Last edited by threezero; 04-29-2022 at 01:41 PM.