a.squonk
Member
Sorry I’m not going to do ur post justice purely as I’m about to start bed time, but
have a read of this:
r/CryptoCurrency - Will DOGE be worth $100 a coin? Can it become as big as ETH? Could Stellar Lumens be worth $1000 a coin? Will Safemoon make me rich?? We all need to look at total supply vs market cap to manage our expectations and be more logical about what is possible.
15,386 votes and 3,195 comments so far on Redditwww.reddit.com
Which therein lies my dilemma. If Bitcoin will always be the big player there’s really no point spreading myself too thin with other coins, I need to do the maths at some point I just never have enough brain time away from baby annoyingly.
Fag packet calcs but everything I’ve heard suggests Ada’s cap is at £/$10, if I buy in for baby now at £1.xx that’s still a very good return. But do I bulk up and buy her a couple of thousand of them, or do I also add a few tit coins in the hope they fly? It’s very difficult.
Also anti doge so don’t worry my love x
Love the phrase 'fag packet calcs'. That's a good thread to browse through, thanks for the link.
I've been doing some thinks about what you said. You got me in the feels as it's for your baby. Caveats of just my view, am random on internet, between you and your husband you've of course got significantly more real life experience and knowledge on stock and investment than I do. I've only ever invested in crypto, and it's from the perspective of a tech dork, not someone who knows anything about finance. But in my uneducated opinion not diversifying portfolio seems to be risky on top of the risk of crypto anyway.
So taking the crypto you mentioned: it's probably going to end up between Eth and ada as runner up to btc and next 12 months (?) important in which currency will emerge the favoured one. Ada is being hyped (with good cause) as main competitor to eth. You can still buy into ada low in a way you can't do anymore with eth. Ada has definite advantages over eth *with eth in its current form* - ada is more supple, transactions are quicker, it's targeted a different market, it's more energy friendly. I'm saying that objectively as someone who prefers eth.
But eth has a much broader and much more established infrastructure, and Eth is currently being updated into eth2, which will likely level out the current advantages the nippy ada can have or promised to have over it. Some soothsayers are saying that Ada still may overtake or even supplant Eth, but I'm not convinced myself. It's true Eth has lost interest and novelty as the entry point has become more difficult. But that's also balanced against a really solid wide infrastructure and a for profit mentality that also secures interest and backing long term.
It's just very difficult to predict even for the next twelve months and what crypto will end up looking like. That's part of the fun for a casual investor, but not so much in your case I imagine.
,For context, I come from a dork perspective, not a finance one. I got into crypto because I like building nodes and networks, something I never say out loud because I'd never be invited to another party again. In terms of financial acumen, well, I still use my fingers to count sometimes, I've never got any sums on countdown, and I had to watch Trading Places at least four times before I understood the stock exchange scene. But the dork side is also important if you're going make these long term predictions because crypto runs on blockchains and nodes and pools etc. In other words, it's dorks all the way down.
One way to predict the durability and reach of a currency is through transaction speed In dork terms Ada is promising much, but it's not very far through its road map with this. Eth is way, way ahead of ada with a massive and rooted ecosystem. So for example even if ada does end up with a better PoS protocol for transaction speed that Eth (ouroboros vs shard) there's still the issue of whether that can come close to competing with or even approaching the reach and size of eth's blockchain ecosystem. In other words, Eth planted the flags before Ada and established itself so it might not matter if Ada is better and more advanced than Eth. You need the 'territory' to be better and more advanced in, too. I can tell you from dork perspective Ada isn't even close to rivalling Eth on this count.
What I'm trying to say is that I know it's not about Eth vs Ada in regards to your situation, you're not picking between the two, what I mean is that even considering just two of the main currencies it is really difficult to predict what Ada (or Eth) will look like in a year's time. Cryptos are still in the crawling out of primordial ooze - fighting to see whether that extra gill or leg will have the best advantages on land stage.
So many factors that can unexpectedly boing a currency in a random direction. The only way to pull down that risk that is diversity. Or back a few cryptos and watch their evolution closely, then funnel. From my completely anecdotal and limited surveys from chatting on the crypto discord, most crypto investors seem to favour at very most 35 percent in the favourite, the rest spread over two or three or four others with a close eye on what's happening in the tech world so they can convert stock very quickly as the more beneficial evolutions become clear.
So taking the crypto you mentioned: it's probably going to end up between Eth and ada as runner up to btc and next 12 months (?) important in which currency will emerge the favoured one. Ada is being hyped (with good cause) as main competitor to eth. You can still buy into ada low in a way you can't do anymore with eth. Ada has definite advantages over eth *with eth in its current form* - ada is more supple, transactions are quicker, it's targeted a different market, it's more energy friendly. I'm saying that objectively as someone who prefers eth.
But eth has a much broader and much more established infrastructure, and Eth is currently being updated into eth2, which will likely level out the current advantages the nippy ada can have or promised to have over it. Some soothsayers are saying that Ada still may overtake or even supplant Eth, but I'm not convinced myself. It's true Eth has lost interest and novelty as the entry point has become more difficult. But that's also balanced against a really solid wide infrastructure and a for profit mentality that also secures interest and backing long term.
It's just very difficult to predict even for the next twelve months and what crypto will end up looking like. That's part of the fun for a casual investor, but not so much in your case I imagine.
,For context, I come from a dork perspective, not a finance one. I got into crypto because I like building nodes and networks, something I never say out loud because I'd never be invited to another party again. In terms of financial acumen, well, I still use my fingers to count sometimes, I've never got any sums on countdown, and I had to watch Trading Places at least four times before I understood the stock exchange scene. But the dork side is also important if you're going make these long term predictions because crypto runs on blockchains and nodes and pools etc. In other words, it's dorks all the way down.
One way to predict the durability and reach of a currency is through transaction speed In dork terms Ada is promising much, but it's not very far through its road map with this. Eth is way, way ahead of ada with a massive and rooted ecosystem. So for example even if ada does end up with a better PoS protocol for transaction speed that Eth (ouroboros vs shard) there's still the issue of whether that can come close to competing with or even approaching the reach and size of eth's blockchain ecosystem. In other words, Eth planted the flags before Ada and established itself so it might not matter if Ada is better and more advanced than Eth. You need the 'territory' to be better and more advanced in, too. I can tell you from dork perspective Ada isn't even close to rivalling Eth on this count.
What I'm trying to say is that I know it's not about Eth vs Ada in regards to your situation, you're not picking between the two, what I mean is that even considering just two of the main currencies it is really difficult to predict what Ada (or Eth) will look like in a year's time. Cryptos are still in the crawling out of primordial ooze - fighting to see whether that extra gill or leg will have the best advantages on land stage.
So many factors that can unexpectedly boing a currency in a random direction. The only way to pull down that risk that is diversity. Or back a few cryptos and watch their evolution closely, then funnel. From my completely anecdotal and limited surveys from chatting on the crypto discord, most crypto investors seem to favour at very most 35 percent in the favourite, the rest spread over two or three or four others with a close eye on what's happening in the tech world so they can convert stock very quickly as the more beneficial evolutions become clear.
Oh my days I've written an essay. Anything to avoid the tidying / paperwork scram while everyone's asleep
tldr not diversifying even a little may be very high risk for long term investment, but I'm hardly an expert!
’ avoid these type of videos they are all click bait 
I really like InvestAnswers, Andrei Jikh and Crypto Daily, they are the only ones I’ll subscribe to
