ADVERTISEMENT

****Official Crypto Degen Thread****

About 1% of my holdings are in meme coins... I tossed some in FLOKI the other day as it seems to have a large social media following and marketing budget behind it.

 
Where will BTC this year next time? $250,000?
Like $30,000? Once we hit the market cycle peak, Bitcoin will pull back 70-80% as it always does. Most altcoins will pull back 80-90+%. If you are planning on just holding your crypto in perpetuity and going along for the ride, I would recommend against it.
 
Last edited:
I think everyone should have some ETH and LINK as long-term holds for more "legitimate" projects. Both lead their respective spaces and have staying power. ETH for blockchain development... LINK for decentralized oracles.

For example, LINK is partnered/integrated with the #2, #3, #4, #6, #8, #12, #14, #17, #23, #25, #28, #33, #34, #35, #36, etc. largest cryptos in the world. They are working with Amazon Web Services, Google Cloud, AccuWeather, the Associated Press, SWIFT, DocuSign, etc. I'm not sure you'll find another project in crypto with that large of a network effect.

The difference for LINK is that it doesn't compete with any of those blockchains... it helps enable data/API's/payments from "the real world" and also interoperability between the different blockchains. Chainlink is able to work with all of them.
 
Last edited:
Some unsolicited advice for newbs. I would strongly recommend that people new to crypto stay on the mainstream apps like coinbase, Robinhood and crypto.com. Gas fees can be tricky to maneuver while still learning the ins and outs. Once you feel comfortable, then branch out to the other options like pancake swap. I have seen many people lose 50% of their money on transfers and gas.
 
For you ATOM stakers not staking on mainstream platforms:





Basically stake your ATOM by November 1st until at least December 13th and you will receive a drop of $GAME and $SCRT. Trust wallet has an APY of 7.2% for staking ATOM. Only drawback is when you want to not stake anymore is that there is a 21 drawdown period where you don’t earn rewards and can’t trade.
 
It’s not degen if you know your going to win right? 🚀
Safemars up 45% today.
Safemoon up 25% today.
guy-with-black-jacket-think.gif
 
Say goodbye to the dollar as the worlds reserve currently and our way of life in America if that were to happen. Bit of a catch-22.
Disagree. Just need bitcoin to back the dollar. Will need fiat currency for many years to come. Dollar is still the best currency.
 
  • Like
Reactions: TC Nole OX
I own quite a bit of Stellar Lumen (XLM). Don't ask me why. I read some stuff and took a shot. Just bought more. I hope this helps.

I've had some for about a year now. Waiting for it to take off, but probably never will.
 
  • Like
Reactions: FAUlty Gator
Also: there is a metric **** ton of crypto currencies.

Anybody know of any downloadable data sets of, say, daily closing values for all the cryptos? I'd like to toss them into a database I could query against. (or, if you know of a queryable DB online, that could suffice)
 
I would strongly recommend that people new to crypto stay on the mainstream apps like coinbase, Robinhood and crypto.com. Gas fees can be tricky to maneuver while still learning the ins and outs. Once you feel comfortable, then branch out to the other options like pancake swap. I have seen many people lose 50% of their money on transfers and gas.
Strongly agree with this. The problem with buying coins like Floki, Shiba, Saitama, etc through Uniswap or PancakeSwap is the gas fees. All of those are ERC-20 coins which means they're built on the Ethereum blockchain. The fees on that network are ridiculous and you can get taken for a ride.

E-Toro, Coinbase, Kraken and Crypto.com are all good, safe options to use when starting out in crypto. Robinhood sucks because you don't actually own the crypto nor can you pull it out to an external wallet. The only thing I have on there are a few LiteCoins.

I use Coinbase, E-Toro, Binance-US and Kraken because not all exchanges have the same offerings. Once I buy them, I move them to Trust Wallet or stake them wherever I can get the best return.

I'm sitting on DOT, SOL, ETH, ADA, HEX and MATIC as long term plays. I got into Shiba and Safemoon early and I'm still holding. Sold most of my DOGE when it hit 67 cents but kept a few thousand. I was in it before it reached a penny.

A lot of these alt coins are aptly named "shit coins" because they don't do shit or have any technical application.
 
Last edited:
Strongly agree with this. The problem with buying coins like Floki, Shiba, Saitama, etc through Uniswap or PancakeSwap is the gas fees. All of those are ERC-20 coins which means they're built on the Ethereum blockchain. The fees on that network are ridiculous and you can get taken for a ride.

E-Toro, Coinbase, Kraken and Crypto.com are all good, safe options to use when starting out in crypto. Robinhood sucks because you don't actually own the crypto nor can you pull it out to an external wallet. The only thing I have on there are a few LiteCoins.

I use Coinbase, E-Toro, Binance-US and Kraken because not all exchanges have the same offerings. Once I buy them, I move them to Trust Wallet or stake them wherever I can get the best return.

I'm sitting on DOT, SOL, ETH, ADA, HEX and MATIC as long term plays. I got into Shiba and Safemoon early and I'm still holding. Sold most of my DOGE when it hit 67 cents but kept a few thousand. I was in it before it reached a penny.

A lot of these alt coins are aptly named "shit coins" because they don't do shit or have any technical application.

I have a pathetic story about putting Eth into trust wallet, that wasn't enough to convert to anything, that I just had to transfer out and take some cool losses. I lost about 50% of the original $110 and just took the loss as a lesson.
 
  • Like
Reactions: eb05
So on coinbase, if i go to trade shib to lets say ETH, you can do a preview before the trade and it gives a Coinbase fee. Says $0. Make the trade and it takes some off the top depending on amt traded. So why does it say $0 but then charges me? Is it a fee that isn’t going to coinbase or what gives? Im new at this, help me out Pro’s
 
So on coinbase, if i go to trade shib to lets say ETH, you can do a preview before the trade and it gives a Coinbase fee. Says $0. Make the trade and it takes some off the top depending on amt traded. So why does it say $0 but then charges me? Is it a fee that isn’t going to coinbase or what gives? Im new at this, help me out Pro’s

I was noticing that too.
 
  • Like
Reactions: Slim45
ICON, ticker ICX is currently undergoing a network upgrade to ICON 2.0. They are going to also be doing an airdrop with ICX = ICE for the new ETH bridge.
 
So on coinbase, if i go to trade shib to lets say ETH, you can do a preview before the trade and it gives a Coinbase fee. Says $0. Make the trade and it takes some off the top depending on amt traded. So why does it say $0 but then charges me? Is it a fee that isn’t going to coinbase or what gives? Im new at this, help me out Pro’s
I would recommend against swapping between different coins on Coinbase. In addition to the “hidden” conversion fee, I have experienced some pretty insane slippage when converting between two coins. I tried to convert USDC to Link earlier this year when Link was around $16, and the price of the conversion was still fluctuating ~12 hours later. Ultimately, I was credited for having bought Link at like $19, even though the conversion was made at $16 twelve hours prior.
 
  • Wow
Reactions: Slim45
Strongly agree with this. The problem with buying coins like Floki, Shiba, Saitama, etc through Uniswap or PancakeSwap is the gas fees. All of those are ERC-20 coins which means they're built on the Ethereum blockchain. The fees on that network are ridiculous and you can get taken for a ride.

E-Toro, Coinbase, Kraken and Crypto.com are all good, safe options to use when starting out in crypto. Robinhood sucks because you don't actually own the crypto nor can you pull it out to an external wallet. The only thing I have on there are a few LiteCoins.

I use Coinbase, E-Toro, Binance-US and Kraken because not all exchanges have the same offerings. Once I buy them, I move them to Trust Wallet or stake them wherever I can get the best return.

I'm sitting on DOT, SOL, ETH, ADA, HEX and MATIC as long term plays. I got into Shiba and Safemoon early and I'm still holding. Sold most of my DOGE when it hit 67 cents but kept a few thousand. I was in it before it reached a penny.

A lot of these alt coins are aptly named "shit coins" because they don't do shit or have any technical application.

Floki can be purchased with BSC on Pancakeswap/Uniswap, so the high gas fees aren't an issue there. It's multi-chain.

I like most of your core holdings but I'm always surprised when people have ETH, ADA, DOT, SOL, MATIC.. but don't have LINK when LINK is partnered/integrated with every single one of those. Would be curious to hear why.
 
  • Like
Reactions: Bank of Hawk
Floki can be purchased with BSC on Pancakeswap/Uniswap, so the high gas fees aren't an issue there. It's multi-chain.

I like most of your core holdings but I'm always surprised when people have ETH, ADA, DOT, SOL, MATIC.. but don't have LINK when LINK is partnered/integrated with every single one of those. Would be curious to hear why.
You're absolutely correct about FLOKI. It is multichain. I was talking more about the Ethereum side of it. I bitch about the gas fees on Ethereum all the time so I figured I would do it again lol

A beginner might have issues buying BNB and then swapping it for smart chain. Too many steps but, then again, there are God knows how many YouTube videos out there to show people how to do it nowadays.

I actually do own LINK and I've held on to it for the reasons you mentioned. I think it's a solid coin
 
I got some Floki and ELON now. Once these shitcoins plummet, I'll probably get out quick. But for now I'm gonna ride the lightning.
 
  • Like
Reactions: Bank of Hawk
So far I have ETH, LINK, SOL,ADA, DOT, ACH, ATOM, and SHIB. Not a whole ton of money into any of them. Just starting to dips my toes in the water so to speak. Planning on playing the long game instead of trying to get rich off a moon rocket. How am I doing?
 
  • Like
Reactions: Bank of Hawk
I got some Floki and ELON now. Once these shitcoins plummet, I'll probably get out quick. But for now I'm gonna ride the lightning.
just saw something on elon last night. Looks like it could be a decent one to throw a cupl hundred at right now and maybe hit big. Although im not sure how to get some, coinbase says to use coinbase wallet…I haven’t tried to figure that out yet..any tips?
 
Bought 5k of SHIB yesterday for the fun of it.

I don’t know chit about this stuff.

Might buy some BTC and ETH but it’s hard for me to believe this chit is going to still climb.
 
Bought 5k of SHIB yesterday for the fun of it.

I don’t know chit about this stuff.

Might buy some BTC and ETH but it’s hard for me to believe this chit is going to still climb.

Where did you grab 5k of Shib at? I hope somewhere between 55 and 63. It still has some good growth potential ahead. 5k a month ago would have scored you 60k or so. Still has potential to turn to 15k from here IMO but I have been wrong plenty of times.
 
just saw something on elon last night. Looks like it could be a decent one to throw a cupl hundred at right now and maybe hit big. Although im not sure how to get some, coinbase says to use coinbase wallet…I haven’t tried to figure that out yet..any tips?

I was going to buy it yesterday but backed out because alcohol. I know some people are using gate.io but I got a warning about removing my bag within 90 days from them?
 
  • Like
Reactions: Bonerfarts
Where did you grab 5k of Shib at? I hope somewhere between 55 and 63. It still has some good growth potential ahead. 5k a month ago would have scored you 60k or so. Still has potential to turn to 15k from here IMO but I have been wrong plenty of times.
What do you mean “where”? I purchased it on coinbase.

I bought two chunks, 1k and then 4k.

Have like 68m roughly.

At the moment I’m around break even it looks.
 
I’m just confused what my next step is.

I’ve read that leaving these on an “exchange” isn’t smart as it can be hacked.

Do I need to put this dog’s head investment on a thumb drive? Lol

Such a newb.
 
  • Like
Reactions: harryson3545
ADVERTISEMENT
ADVERTISEMENT