Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Lillominato89 on December 21, 2023, 08:08:28 PM
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It seems that the bearish phase is finally over, and that bitcoin is preparing for a new "bubble".
I have seen several, and each of these was characterized by one or two "news" (in chronological order altcoins, ponzi, airdrops, forks, nft... come to mind) which proved to be very profitable for those who knew how ride them, obviously from an exclusively speculative perspective.
As for right now, the only big new thing I'm aware of is ordinals. AI coins also seem to be in "fashion", but as far as I understand there isn't much substance.
What do you say?
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As for right now, the only big new thing I'm aware of is ordinals. AI coins also seem to be in "fashion", but as far as I understand there isn't much substance.
As far as I know, the trend of ordinals and BRC-20 based tokens is growing and investors are highly interested in those. I know as a Bitcoin enthusiast, the ordinals are damaging the Bitcoin's network, but when you think as an investor or a trader then you'll find that the ordinals could give you good profits in this bull run if they continue to survive on Bitcoin blockchain.
If a developer finds a way to stop those BRC-20 based tokens then I'm pretty sure the ones who invested in those tokens may face huge losses in short term. Those tokens will get dumped and they will lose their value overnight. I would highly recommend you to avoid the AI based coins as most of those are created by the scammers to loot our money.
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As for right now, the only big new thing I'm aware of is ordinals. AI coins also seem to be in "fashion", but as far as I understand there isn't much substance.
As far as I know, the trend of ordinals and BRC-20 based tokens is growing and investors are highly interested in those. I know as a Bitcoin enthusiast, the ordinals are damaging the Bitcoin's network, but when you think as an investor or a trader then you'll find that the ordinals could give you good profits in this bull run if they continue to survive on Bitcoin blockchain.
If a developer finds a way to stop those BRC-20 based tokens then I'm pretty sure the ones who invested in those tokens may face huge losses in short term. Those tokens will get dumped and they will lose their value overnight. I would highly recommend you to avoid the AI based coins as most of those are created by the scammers to loot our money.
Honestly, I was intending to invest in ordinals, I really don't have the slightest intention of trying to hold AI coins, unless there is a real project, and I mean serious, behind it that can guarantee long-term development ;)
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It seems that the bearish phase is finally over, and that bitcoin is preparing for a new "bubble".
I ma not sure enough that it has been over. But there may be another market correction again. However, so far, this is a good moment where the market is getting better and better, moreover after Bitcoin has passed over than $40k. this is a fresh air for us before getting halving.
But on the other hand, if it is related to a project that will be hyped, it seems like meme coins will still exist and there will still often be hype for those who are new. Hype coin schemes that create FOMO, especially about meme coins, still happen very often, even though there are many CSMA projects in the name of meme coins, but in the end, there are still many who are interested in this kind of project.
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It seems that the bearish phase is finally over, and that bitcoin is preparing for a new "bubble".
I ma not sure enough that it has been over. But there may be another market correction again. However, so far, this is a good moment where the market is getting better and better, moreover after Bitcoin has passed over than $40k. this is a fresh air for us before getting halving.
But on the other hand, if it is related to a project that will be hyped, it seems like meme coins will still exist and there will still often be hype for those who are new. Hype coin schemes that create FOMO, especially about meme coins, still happen very often, even though there are many CSMA projects in the name of meme coins, but in the end, there are still many who are interested in this kind of project.
At the end of a year like this, it is normal for many coin prices to rise quite rapidly, but usually at the beginning of the year the prices will fall gradually, so it is best to remain careful and, as much as possible, to always monitor the conditions of exchange places when passing the new year and don't be late to sell an asset at a high price.
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Honestly, I was intending to invest in ordinals, I really don't have the slightest intention of trying to hold AI coins, unless there is a real project, and I mean serious, behind it that can guarantee long-term development ;)
I believe that as long as the developers of Bitcoin won't find a way to stop those ordinals they will continue to rise. Who even thought that a token like ORDI could reach $68 USD? But, it has reached that value in less than a month after it was listed on Binance.
The other ordinals can also rise like that because investors are highly interested in those tokens. In last bull run we had Defi and Gamefi tokens that got attention of the investors but in this bull run I believe those ordinals are getting some attention from whale investors.
I will still say that ordinals that are based on BRC-20 protocols are very risky as an investment but still if someone wants to take the risk then there is profit as well in those tokens.
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I don't see a future with ordinals. Their hype is already falling gradually. About AI coin they are among the mainstream now and in the foreseeable future. I would still choose the top main coins for less risk and better returns.
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The crypto market is vibrant with many trends: AI, RWA, Inscription, meme, LSD, Layer-0, Layer-1, Layer-2, STO, CBDC, GameFi, DeFi. Each trend is enough strong to lead the bullrun in 2024-2025.
I only put my trust in Layer-0, Layer-1, Layer-2 and their DeFi because they are basic foundation of blockchain/crypto market. GameFi trend in 2021 scared me when there were so many projects that appeared and disappeared like ICO 2017-2018
And no matter what the trend is, it includes both good and bad projects. Investors need to be alert to choose and participate in good projects with a reasonable amount of capital.
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I don't see a future with ordinals. Their hype is already falling gradually. About AI coin they are among the mainstream now and in the foreseeable future. I would still choose the top main coins for less risk and better returns.
AI coins have a very high risk and of course you may not know who owns the AI coins so the owner may be able to reset this coin with the available supply or even regulate its price movements.
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Honestly, I was intending to invest in ordinals, I really don't have the slightest intention of trying to hold AI coins, unless there is a real project, and I mean serious, behind it that can guarantee long-term development ;)
I believe that as long as the developers of Bitcoin won't find a way to stop those ordinals they will continue to rise. Who even thought that a token like ORDI could reach $68 USD? But, it has reached that value in less than a month after it was listed on Binance.
The other ordinals can also rise like that because investors are highly interested in those tokens. In last bull run we had Defi and Gamefi tokens that got attention of the investors but in this bull run I believe those ordinals are getting some attention from whale investors.
I will still say that ordinals that are based on BRC-20 protocols are very risky as an investment but still if someone wants to take the risk then there is profit as well in those tokens.
going after all these projects, be they ordinals, tokens and so on and so forth, is becoming very difficult. the attention of many has shifted to ordinals but this sudden increase in interest in them is clogging up and congesting the blockchain, and currently traveling in btc is very expensive in terms of fees. Bitcoin developers urgently need to find a solution to remedy this problem
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It's a difficult prediction and I'm just guessing.
DOGE will continue to be controlled by Elon Musk so that the DOGE coin price exceeds 1 USD.
Then followed by various altcoins which started to be FOMOed by artists or famous people.
Bitcoin has definitely gone up in price and this is the best for all altcoins, apart from Bitcoin going up everything else can go up including altcoins because DOGE is being FOMO by Elon Musk on Twitter.
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It's a difficult prediction and I'm just guessing.
DOGE will continue to be controlled by Elon Musk so that the DOGE coin price exceeds 1 USD.
Then followed by various altcoins which started to be FOMOed by artists or famous people.
Bitcoin has definitely gone up in price and this is the best for all altcoins, apart from Bitcoin going up everything else can go up including altcoins because DOGE is being FOMO by Elon Musk on Twitter.
following the general sentiment on fomo by illustrious people is very dangerous, it makes you understand how the market is extremely manipulated and suddenly if you are not careful you find yourself with a handful of flies in your hand
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It's a difficult prediction and I'm just guessing.
DOGE will continue to be controlled by Elon Musk so that the DOGE coin price exceeds 1 USD.
Then followed by various altcoins which started to be FOMOed by artists or famous people.
Bitcoin has definitely gone up in price and this is the best for all altcoins, apart from Bitcoin going up everything else can go up including altcoins because DOGE is being FOMO by Elon Musk on Twitter.
Meme coins will always have a place in this market and usually they will be pumped at the end of cycle to increase investor greed and FOMO. The 2016 and 2020 cycles saw crazy growth for DOGE, so I believe DOGE and SHIB have a potential ticket in next 2024 cycle.
However, Memes are still just memes, I wouldn't put too much % of my portfolio in them. BTC and top altcoins are my top priority when allocating capital to minimize risk. Greed is necessary, but protecting capital is even more important.
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Yes, we should expect more ups and downs, but I hope there will be more ups))) Speaking of big percentages, TFS has probably the biggest APY right now and plus there is a tournament going on, probably the easiest conditions to get a prize there
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AI coins are gaining traction in search engines. Just look at the statistics - there are many more requests for AI than requests for Bitcoin. As for FOMO on the price of crypto, the higher the price, the stronger the FOMO becomes. My FOMO assumption will depend on Bitcoin breaking through its ATH, which is above $80k per Bitcoin. My FOMO is a price range above $100k per Bitcoin.
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It is difficult to conclude whether it is already in bullish season or not. TBH, I don't know if it is still in the bearish season or it is already in the bullish season trend. However, it is great that everything looks to increase faster and more significantly. It is an obvious sign for the bullish season, it is also the sign of the BTC halving hype that will happen in the next 4 months. People realized that the prices of crypto coins will increase more after the BTC halving, so they may try to buy more now. That's probably one of the reason why crypto prices start to increase significantly now.
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It is difficult to conclude whether it is already in bullish season or not. TBH, I don't know if it is still in the bearish season or it is already in the bullish season trend. However, it is great that everything looks to increase faster and more significantly. It is an obvious sign for the bullish season, it is also the sign of the BTC halving hype that will happen in the next 4 months. People realized that the prices of crypto coins will increase more after the BTC halving, so they may try to buy more now. That's probably one of the reason why crypto prices start to increase significantly now.
This will be the second halving for me that I have witnessed since I started studying and using bitcoin and cryptocurrencies in general. However, I believe that we are already in a bull market. it is true that before the halving people start buying in view of a hypothetical rise in the short/medium term, but it is also true that many people are now more conservative and invest more cautiously than in the past
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going after all these projects, be they ordinals, tokens and so on and so forth, is becoming very difficult. the attention of many has shifted to ordinals but this sudden increase in interest in them is clogging up and congesting the blockchain, and currently traveling in btc is very expensive in terms of fees. Bitcoin developers urgently need to find a solution to remedy this problem
The ordinals are the worst type of enemies for Bitcoin network, the more people are getting involved into those ordinals the worst type of congestion is taking place in Bitcoin's network.
The developers are trying their best to come up with a proper solution to combat the ordinals but it seems like that they are unable to do anything against the ordinals.
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Yes, we should expect more ups and downs, but I hope there will be more ups))) Speaking of big percentages, TFS has probably the biggest APY right now and plus there is a tournament going on, probably the easiest conditions to get a prize there
Are they the ones that are running a tournament on Fairspin with a big prize pool? I've heard of them, they say it's very simple and you can always get a small cash prize.
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The ordinals are the worst type of enemies for Bitcoin network, the more people are getting involved into those ordinals the worst type of congestion is taking place in Bitcoin's network.
The developers are trying their best to come up with a proper solution to combat the ordinals but it seems like that they are unable to do anything against the ordinals.
BRC-20 token or Inscription trend is dividing the market into 2 parts: supporters and opponents. People looking for new trends and Miners love Inscription because it can generate profits for them. Those interested in the operational value of blockchain count Inscription as just a programming error.
I do not support Inscriptions because they delay transactions and push up transaction fees. However, I would not be surprised if Inscription becomes a big trend in next 2024 cycle. Investors only care about profits and Inscription can create that expectation for them.
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Are they the ones that are running a tournament on Fairspin with a big prize pool? I've heard of them, they say it's very simple and you can always get a small cash prize.
If there is a free gift program like that, then you can make the best use of it to keep getting profits, and of course you have to consider it again because, of course, you have to take enough time to do that.However, the risk will be very small because you can do it for free without making a deposit first.
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Crypto is a very volatile and short tempered and short fused industry with an attendant short attention span. Years ago it wss ICO, then NFT, now AI. Ordinals have already risen and shone. Maybe we would have something new to wow us and throw more money at. That is crpto in a nutshell
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As for right now, the only big new thing I'm aware of is ordinals. AI coins also seem to be in "fashion", but as far as I understand there isn't much substance.
So far I see more of a trend controlling the crypto market. Previously NFTs and now AI. Some coins that have AI concepts have the potential to rise. I have yet to see whether the AI trend will persist in 2024 or will be replaced by a new concept.
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What about the L2 blockchain coin trend, I see several new projects that have quantum blockchain ideas such as xx and amechain, but these two projects have not received much support from the community and investors.
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I would say that for 2024 we should have some good news regarding bitcoin, ETFs, bonds, halvings and more. but what intrigues me most is, will there be an altcoin or types of altcoins that will move the general sentiment? I think that AI coins could have what it takes, but until I see a valid reason to use/invest them I don't think I will put them in my portfolio
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I believe there will be a hype around web3 projects this year, as it is a highly promising and still underestimated direction. I am confident that, thanks to blockchain technology and decentralized applications (dApps), web3 will reshape the current landscape of the internet.
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The ordinals are the worst type of enemies for Bitcoin network, the more people are getting involved into those ordinals the worst type of congestion is taking place in Bitcoin's network.
The developers are trying their best to come up with a proper solution to combat the ordinals but it seems like that they are unable to do anything against the ordinals.
BRC-20 token or Inscription trend is dividing the market into 2 parts: supporters and opponents. People looking for new trends and Miners love Inscription because it can generate profits for them. Those interested in the operational value of blockchain count Inscription as just a programming error.
I do not support Inscriptions because they delay transactions and push up transaction fees. However, I would not be surprised if Inscription becomes a big trend in next 2024 cycle. Investors only care about profits and Inscription can create that expectation for them.
I think miners is just the offshot of what really happen, so for me they are not part of the problem. They just facilitate everything for us, even when the tx is cheap they are still here.
The real problem is BRC20 ordinals as they found a loophole on the code and they exploit it.
As for the next FOMO, not sure, but it could be everything about AI?
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As for the next FOMO, not sure, but it could be everything about AI?
AI (artificial intelligence) seems to be becoming an extraordinary FOMO, followed by others that are starting to trend.
I saw Binance also launchpad token, namely AI Sleepless and I'm sure this token will rise drastically when the Bull Run occurs. You can check here mate = AI Sleepless Binance . (https://launchpad.binance.me/en/launchpool/AI_BNB)
Seeing this moment, I am also sure that there will be lots of moments for FOMO in 2024 and 2025, maybe it is better to prepare as much FIAT money as possible for now and I am sure that this is a new opportunity for us to seek profits.
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AI (artificial intelligence) seems to be becoming an extraordinary FOMO, followed by others that are starting to trend.
I saw Binance also launchpad token, namely AI Sleepless and I'm sure this token will rise drastically when the Bull Run occurs. You can check here mate = AI Sleepless Binance . (https://launchpad.binance.me/en/launchpool/AI_BNB)
Seeing this moment, I am also sure that there will be lots of moments for FOMO in 2024 and 2025, maybe it is better to prepare as much FIAT money as possible for now and I am sure that this is a new opportunity for us to seek profits.
AI is a very good technological development in the future and also has very high risks because when everything is based on AI, human labor will no longer be needed and everything will probably depend on AI. This will probably make the brain less lazy to use because everything can be created quickly with the help of AI. Maybe AI is currently experiencing FOMO, but in the future, hopefully there will be new technology created in cryptocurrency.