Are we excited yet?

I would disagree on your understanding of the cycle though not entirely, but it seems a bit lazy just to say it’s herd mentality or greater fool whatever, personally I’m more interested in the buying and selling aspect, when and where to buy in a cycle.

Similar concept, scarcity. However gold is used in everything from photography to computers and also used in jewellery and adornments (due to it's aesthetic qualities)

BTC, LTC, BCH, etc are not much more than artificially scarce digital numbers. The other value comes from their "separation" from the financial system, but as we've seen, they're ironically very tied to that financial system.

Can disagree all you want, it's herd psychology.

Can you explain the value of e.g. Litecoin? Or BCH? You can't, no one can. It's simply a number down to the herd. A herd that can be notoriously fickle and illogical, e.g. the day that BTG was 51% attacked it went up in value 15%.

Why should blockchain "fuel" tokens be floated on the secondary market? If it's a product for clients that makes no sense. A lot of crypto makes no sense .. until you realise it's all about turning conjured digital tokens into real money. Then it all makes sense.

That's all we're doing. Right now, we're just trying to beat the herd.

Xrp and ada on the move

I've been hodling xrp and LTC since 2017! Come on baby! Nows my time! 🤣

If you dig into things they are not that simple. The tokens you mentioned are from previous cycles so people are investing as they are ‘established’. The technology has moved on though. Solana for example is undervalued. It’s very user friendly, fast (near instant) and has cheap transactions. The dexs there are fantastic.

Never have I heard such nonsense. Echoes the same sentiments that resisted automobiles over horses!

Your argument is like asking "Why buy BMW or Volkswagen or Toyota if Ford is already mass producing?" This is the standard of debate here.

Whatever was left of your mask has truly slipped off. You are as anti-crypto as they get and, frankly, I don't believe you have ever purchased, mined or held a single cent worth of crypto in your life.

There's no mask, I'm critical of crypto and have been for a long time. Step outside the bubble and many are. Most of it is total garbage. I've also defended crypto, you might new to this forum, but back in e.g. 2018 this forum had plenty of individuals claiming it would go to zero, which I never agreed with. In 2017 I was much more bullish on Ethereum and alts but since then I've seen where 99% of crypto projects go and yeah, let's just say it's always the same.

Obviously this is a crypto thread during a bull run, so naturally people don't want to hear it, they just want to enjoy the gains.

When you say ‘collapses’, do you mean fall by 80%+ as it has before?

As long as you follow the ‘rules’ (only invest what you can easily afford, diversify, take a long term view, DCA, etc), history has proven multiple times, you’ll eventually up in profit

So i’d say just forget about it for a few years, things will come round again, and then you can cash out, likely in profit 👍

It's funny this talk on intrinsic value. The euro, the dollar the Swiss franc all only have value because someone decided they did and then linked them directly to GDP of that country or region. "Forcing" payment in that currency. Some crypto are pure shitcoins, some crypto are stores of money, some crypto allow the working of a chain ecosystem, some crypto pay their workers in their currency and charge clients in the same currency to pay their workers.

Nosana (one of many) for example is currently preparing a mass distributed graphics card network for AI tasks. This will have a real world impact for people or smaller companies who want access to this hardware and would never be able to afford the regular supplier prices. The gamer who has a powerful card sitting idle most of the day wins as does the person who needs some AI calcuations done "cheaper". One example of many. There ARE real world use cases for crypto but you need to dig among the thousands of shitcoins to find them.

I also find it difficult to believe Dohnjoe's claims that he owns (or has ever owned) any crypto.

I start giving out about AMP and is rises 150% overnight FFS

Shows what I know. At keast I kept my holding .

Saying that, there's still zero news of any development, so unless there's something happening in the background which someone has wind of causing the spike, still dubious

Feels like I've travelled back in time to 2017 ;)

We can pay in seconds for things, online and at tills. Transfers are getting faster, most of my bank transfers and request for bank transfers are done in seconds. Money is accepted everywhere. And it's insured. And there is recourse. And I don't have to mind it on a wallet, watching out for malware, software, hardware issues, remembering passwords 4 years later, making one mistake and it's gone.

Public/business, in general, don't use crypto.

Enthusiasts do, or try to, jumping through hoops to do basic things like purchases and transfers and getting excited about the novelty of it. And that's cool, but 99 times out of 100 cash is simply easier and faster and more accepted.

The best advancement is that I can transfer money to Revolut, buy crypto, liquidise it and transfer the money back to my main bank account in under 20 seconds. That's all that really matters in crypto, people having easy access to trade it and push the price up/down.

Mostly this is a trope. It's 15 years since BTC came out. In 15 years enthusiasts will be repeating this same line "this is just the beginning"

I can list all these "slogans", ultimately each one is designed to get people to think that crypto is the future and hence they need to invest. All of this boils down to that.

Anyway, as mentioned, people want to enjoy the bull run, and I know some don't like to hear criticism right now, so prob best to continue this in the "worried" thread.