Are we excited yet?

My sales ranged between €58K -€66K. Looks like the recent top was €67K so I'm happy with that.

It was my first time moving a significant amount (to me anyway) from a wallet to an exchange and cashing out. It was such a straight forward process. No issues from the exchanges or banks.

Trezor having their twitter account compromised isn’t a great look for a hardware device.

Ondo seems to be the one doing well any time there are rumblings in the rwa category, I’m in around 20 something cents but expecting this to do well long term.

Embrace the dip lads

RWA looking like the flavor of the month, the highest ranked coin on CoinGecko is Ondo at approx 100, so these are fairly low marketcap with a high gain potential, the air did seem to go out of them a bit after the previous pump so the sentiment can fade somewhat.

Its election year, the Biden admin will do whatever it takes now for assets to increase in value, keeping the older voter happy, and now writing off student debt, keeping the younger people happy.

2024 will see supercycles, 2025 will crash

No one knows or has a clue, it's just assumed because so far every 3 or 4 years since 2013 there's a mental boom, then a crash afterwards. This one is assumed to be one of the bull runs and it's then assumed there will be a crash afterwards.

Crypto can literally go up because the herd thinks it's "time" to go up.

If a company doubles in size/revenue, then a share in that company will generally double in value. Logic.

In crypto that doesn't really exist, so it usually goes up or down for "perceived" reasons or perceived patterns, plus the herd trying to beat those perceived patterns. There was a bull in 2013, one in 2017, one in 2021 (which many of us here predicted), therefore everyone has been "expecting" a bull in 2025. Unsurprising something is forming now in order to get ahead of that.

Crypto isn't really like any other market (maybe something like rare baseball cards or something)

It's essentially a casino where everyone is competing for punters money by making the coolest shiniest technological casino chips. Chips that can talk to each other, move fast, convert into other chips, have DeFi, pay interest in the form of additional chips, bells and whistles, etc, etc but ultimately aren't used for much except as chips in the casino. That's it.

Ford makes cars, it's share value is determined by a number of factors mainly linked to the performance of the company.

"Dogwifhat" crypto doesn't make anything or do anything, it's a Dog with a hat, it's value can't be determined because there's little or nothing logical to analyse, it's value is just arrived on by a herd gambling on it's value. We laugh at it, but Bitcoin also does nothing and produces nothing, it's simply an artificially scarce "thing", with it's value determined by a herd of people who, surprise, surprise, gamble on it's value for real money. It just happened to be the first. Litecoin, Bitcoin cash, Dogecoin, ultimately they are all the same thing. People point to the fact that their network is secure, but that's the whole point of them, it's supposed to be. It's the equivalent of a car company harping on that their cars have wheels.

Apart from a sort of anti-system hedge against the system (like gold), that's it.

Pick a project that apparently does something, e.g. Solana, what does it do? Mainly acts as a platform for crypto to move and make more crypto to make money. I've been researching Dapp platforms for years now, I swear there are more platforms than actual Dapps. And don't get me started on the NFT or crypto "gaming" platforms.

The business model:

1. Crypto idea
2. Replicate/develop code and whitepaper
3. Do up a very fancy website, put all your friends in suits as the "developers", make a roadmap
4. Mint a private token out of thin air
5. List the token on the secondary market for real money
6. Sell the magic token and use the cash to pay the staff to keep producing the hype and paying for partnerships to keep selling the token..
7. Die the second your blockchain "fuel" isn't worth anything to the mob
8. Repeat.

Or just copy-paste Bitcoin/Doge.

That's it. All of them part of the same casino. And I'm fine with that, but some insist on falling for the marketing spiel and crypto-bro stuff, even after years.

I'm still buying crypto, but my sole reason is to make money off other people, like everyone else in this scheme.

Anyway, back to the fun, we're only excited because money number goes up. That's all it is ;)

Visa and PayPal are partnering with blockchains to handle international transactions, the security and low fees make it attractive to them.

There are two extremes, one is it will do nothing and the other is it will do everything. It will probably be somewhere in the middle.

I've ignored a mod, not here, because I really think that they are a knob.

Worth the risk vs having their crappy comments

Sure, and companies can just replicate or make their own. Or just use centralised systems which can be just as fast and scalable. It's just nicer if crypto projects are effectively giving them a money tap for endless pilot schemes.

If you were VISA would you have any issue with these cash rich crypto companies desperate for "partnerships"? Of course not.

Have a look yourself

Hasn't changed much since 2017, just more "partners". Smart company.

Blockchain and DL tech has some use. Where I work, they did a large study and whitepaper on it, the whole 9 yards. But that's completely separate from this scheme of companies creating and selling "blockchain fuel" on the secondary market, to investors, which becomes their main (and often only) revenue stream

I've no real issue with that, but as long as people recognise it for what it is.

When we throw money at e.g. FET.AI, we're just throwing money at a bunch of people in an office to fiddle endlessly with the tech, create platforms for solutions to problems that don't exist, sell it to virtually no one and pay for "collaborations". All we're doing is playing the same gambling/speculation game everyone else is doing.

xrp has a theoretical tps of 3400, its current tps is 500-700, it’s too slow. Sol is already running at a higher tps than its max theoretical tps.

Apart from the general rise I see that some alts are "pumping", always a sign that people are hunting for promising alts that haven't jumped much yet.

So far, the initial jump, followed by a dip, followed by a quick retrace like this all seems similar to the previous 3 bulls. Will be curious to see if we go above the peak from the first jump (we're roughly about 7% or 8% off it now across the whole market)