Despite a recent bull-run for Bitcoin holders, investors in almost every other cryptocurrency are still waiting for the value of their tokens to rise. Among the 169 assets listed on Messari’s OnChainFX dashboard with data, 114 are still 90% or more down from all-time highs. In 2017, it was common to see altcoins gaining in value far quicker than established coins like Bitcoin, but in 2019 that trend seems to have reversed.
753UDKMSilver | QC: CC 23, BTC 20, MarketsSubs 112 months ago
Dollar cost averaging. Basically instead of buying all at once, you make smaller purchases over a longer period of time. I prefer this approach with crypto since it's so volatile. It helps remove emotion from the investing.
You should be looking at the actual technology itself.
There are plenty of idiots chasing hypecoins presently, but that's going to change as this new paradigm advances. It is the technology that will ultimately define the winners of this race; everything else is a distraction.
HenrySeldomSilver | QC: XRP 70, CC 50, VET critic, XLM critic2 months ago
Lol. Good luck.
abbeyeigerGold | QC: CC 180, MarketsSubs 182 months ago
And yet the people hodling those coins will forever continue to hodl.....
They just don’t wanna miss out when their coin finally pops one day for 20%..... meanwhile, half the market has went up another 100%.......
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This is just following what happened with the majority of dotcom companies early 2000's. So many of them were utter fucking shit and so many dumb fucks put money into anything with a .com in its name.
Same happening now.
But who the fuck would have know a company started by an adulterous douch selling books out of his garage would be the behemouth Amazon is now?
Just got to do the research and get into the right coin.
And BTC will always be no.1. Its going to be the defacto asset as a store of value ie gold, not the world currency. Governments will be adopting the world bitcoin standard(like the now money printing governments used to support prior 70's with the gold standard)
DYOR, go with a coin with a good bunch of devs behind it, and with a good utility. Its great so many shitcoins are out of the equation.
agenttankGold | QC: CC 84, MarketSubs 62 months ago
it will have all of them. it is a pure DLT without PoS, no miners, no fees and allows free data transactions too (and with that speeding up the network - yes, the more transactions there are, the faster it gets theoretically)
and soon decentralized (within a year i guess)
Agreed, this doesn't deserve downvotes. Utility/ownership tokens can have a use, but almost none could possibly justify the market caps they had in late 2017.
Like, a crypto solution to improve dental billing? Cool. That technology needing its own coin, and that coin having BILLIONS of dollars market cap? Ludicrous.
Also strongly agreed on those "innovations" being stop-gap or incomplete improvements at best, and anti-patterns in most cases. Except proof of stake, we're going to have to disagree on that one. I'm pretty convinced that the economics and externalities are superior to PoW.
All sorts? You only state one concern. I agree with the [Ethereum developers](https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ#will-exchanges-in-proof-of-stake-pose-a-similar-centralization-risk-to-pools-in-proof-of-work) that it's an open question how much centralization risk there is from exchanges staking, but that there are also new economic incentives to reduce the likelihood of and cost to recover from such attacks.
Hardly a proven or critical flaw, and this aside many significant advantages (block finality, ease of recovery from attacks, increased cost of participating in an attack, less value burned on electricity -> lower fees and inflation in the long term, among others).
PoS introduces a direct feedback loop where the largest holders collect the most staking rewards which further increases the relative size of their holdings and rewards endlessly. The result is constantly increasing centralization. Do you see it differently?
How is PoW any different now that ASICs exist? The largest miners collect the most mining rewards which further increases their ability to design/buy more ASICs which further increases their rewards endlessly. The result is constantly increasing centralization.
PoW also experiences this same feedback loop but not in the same way.
The difference is that you need additional labor, energy, silicone, physical space, and committed capital investment in order to take advantage of the cycle in a PoW system. This is "friction". It requires active management.
This is not true in a PoS system. PoS has relatively little "friction" and does not need to be actively managed.
If it has that friction then that is even worse because fewer people will have the resources to manage it and you are causing even more centralization right out of the gate.
If I can stake some coins then I will get my appropriate and proportional award, but if I want to mine coins I am automatically at a disadvantage because I don't have the economies of scale that a mining company has. I can buy a miner for my house and maybe be profitable, but a mining company can buy in bulk and build a warehouse full of them in iceland where they get free cold air and cheaper electricity- it's automatically an uneven playing field.