2022s big Crypto Breakouts - According to me anyway

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wtfNeedSignUp said:
The incoming economic crisis will show what's the future for crypto. Either the USA government nukes it through taxes/illegal laws or it's pretty much the only thing that doesn't collapse.
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The coming crisis is the black swan in this. Anyone who has read my sperging knows I do not like the American economies core fundamentals. I pulled ALL of my money out of the stock market back in March and moved at ludicrous speed to secure a house and land in the country away from any major urban center. Ethereum was actually what allowed me to do that incidentally so I will always have a warm place in my heart for Vitalek the Money Skelly.

The problem is its impossible to know when the melt down will occur. So much of our economy runs on the "perception of value", much like tulip bulbs incidentally, that so long as the banks, government and federal reserve can keep lying the longer they can keep the game going.

To be fair cryptos also function very similar to tulip bulbs. The difference though is that the a distributed ledger cannot fudge the numbers and that I think is what will cause the cards to fall in cryptos favor. Nobody knows what a USD is actually worth. But they do know what an ETH is worth.
 
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I feel good about ANKR in 2022, but I feel even better about Safemoon in 2030. Safemoon might net me another 150x like DOGE did. Safemoon also appears to have much quicker exchange adoption than DOGE did but stuff moves a lot quicker than it did in 2014
 
wtfNeedSignUp said:
The incoming economic crisis will show what's the future for crypto. Either the USA government nukes it through taxes/illegal laws or it's pretty much the only thing that doesn't collapse.
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Some elements in the US government been after crypto for some time now, they've been pretty open about it. Planting news stories, shifting the narrative to it being damaging to the environment, getting shills like Elon to openly manipulate the market so they have an excuse to implement more regulation, etc.

Still, the fed is very incompetent and incapable of long-term planning, as is evident from the current situation. Chances are they won't be able to suppress the crypto market for much longer, not as long as they keep printing money and making utterly idiotic short-term solutions to cover their asses.

Tether fud may make for a dip, but that's just another opportunity to buy shit on the cheap.
 
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Badungus Kabungus said:
Some elements in the US government been after crypto for some time now, they've been pretty open about it. Planting news stories, shifting the narrative to it being damaging to the environment, getting shills like Elon to openly manipulate the market so they have an excuse to implement more regulation, etc.

Still, the fed is very incompetent and incapable of long-term planning, as is evident from the current situation. Chances are they won't be able to suppress the crypto market for much longer, not as long as they keep printing money and making utterly idiotic short-term solutions to cover their asses.

Tether fud may make for a dip, but that's just another opportunity to buy shit on the cheap.
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I don't know all that much about tether tbqh beyond people are worried about it.. How much exposure does the broader crypto market have to tether anyway? From what I understand people don't usually hold alot of tether for any length of time. They just use it as a go between during trades. If it goes poof maybe some people mid trade will be left bag holding, but the broader market?
 
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mindlessobserver said:
I don't know all that much about tether tbqh beyond people are worried about it.. How much exposure does the broader crypto market have to tether anyway? From what I understand people don't usually hold alot of tether for any length of time. They just use it as a go between during trades. If it goes poof maybe some people mid trade will be left bag holding, but the broader market?
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To my understanding Tether is used pretty heavily, but it's not the only stablecoin out there. Oftentimes when people say they're gonna tether, they can be referring to any stablecoin such as USDC or DAI. I've been seeing people move from Tether to USDC lately, sounds like everyone wants to cover their ass in case Tether goes tits up.

That's part of why I'm not too worried about the overall market too much, those who have a lot of tethered coin usually know what to do to secure it, like going to USDC or whatever. Small retail investors will obviously see the worst of it, as usual, if anything does happen.
 
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Divine right to rule said:
I am gambling, and I freely admit it. I only invested an amount that I can afford to lose.
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I agree wholeheartedly with this statement but I doubt that the Fed and the gubbiment are going to be able to close down crypto without compensation without some sort of major backlash. Not just from individual investors but institutions that have adopted some crypto to their portfolios.

Besides even normies are starting to realize that the USD is becoming more and more worthless. If they outlawed crypto, it could cause an immediate panic in anyone who has been on the fence about buying crypto or precious metals just for hedging purposes thereby weakening the faith in paper money even more. I don’t think globohomo want that on top of a puppet presidency, increasing social fractures, and the self-imposed pressures of the commie coof. It would be another straw on the camel back of the “United” States. I could see another shutdown to “slow the spread” ie discourage consumers from spending and producers producing to keep inflation down and the plate spinning for another year so the rich can hedge before it all collapses.

Now that rant is over: I made some investments in BTC and ETH this week and made some decent returns then mixed between ANCR and CELO.
 
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How do you guys feel about Harvest Finance? Only 606K in circulation and just listed on Coinbase a couple days ago. I bought .5 on a whim but I don’t plan on using their platform as of yet.
 
Badungus Kabungus said:
Truebit, for a lot of the same reasons as Ethereum. It essentially upgrades the Ethereum network from a calculator to a world computer. Also it has Vitalik on board.

Everest ID, because it will be the backbone of the identity verification layer for the CBDCs soon to be introduced by the central banks. Partnerships with Oracle and Chainlink have been announced recently.
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Just wanted to point out that Everest ID has about doubled since that post.

Truebit isn't moving much yet, still a good time to accumulate. Don't expect it to move much soon unless there's an announcement about their tech being used somewhere.
 
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In truth, the biggest pop off was fucking meme coin shiba.

But all of these are solid investments.
 
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