Crypto currency plans

Apparently Tether is going to crash the entire crypto market, so i keep hearing.

I genuinely can’t tell if you’re making a funny or not. :joy:

Maybe he is referring to USDT’s underlying collateral, it has some loans and debt instruments or if it is fully collateralized:

Some central banks are concerned about the “stable coins” backed by debt instruments (including CDOs) that can pose a risk to the financial stability.

I’m not advocating any doom scenario or a success story for the “stablecoins” or for any other type of tokens. I don’t have a crystal ball. :slight_smile:

:stuck_out_tongue_winking_eye:

Yeah I’m aware of Tether being Tether but it’s been rolled out more times than ive had hot dinners.

I should add that Tether is a disaster waiting to happen but it’s like nostradamus going well it’s going to happen year after year, it’s all going to end, when/if it does going see told you. :sweat_smile:

Is USDT a shitty stablecoin, 100%.

Does it deter anyone holding USDT that it’s not backed, not so far.

There’s been a shift towards USDC for those holding in finance products.

However most pairs continue to be USDT in trading, and traders are fine with that.

It’s up there with China banning Crypto for the 26th time. And next time BTC is on the ropes it’ll get wheeled out again.

Hi @phildawson

What crypto do you think offers more “future”, from crypto used already as the underlying asset for the existing crypto ETNs/ETPs?

  • Bitcoin
  • Ethereum
  • Litecoin
  • Bitcoin Cash
  • Ripple XRP
  • Binance BNB
  • Tezos
  • Polkadot
  • Cardano
  • Stellar
  • Solana

The Ethereum seems more obvious when comparing with Bticoin…

There are other cryptos that could have more potential that are missing in the crypto ETNs/ETPs listings?

When doing some due diligence on crypto ETNs/ETPs, I saw that some issuers avoid the privacy coins, do you know the reasons?

These two will always be good solid options, for anyone hodling these two should make up a good 50%+ of your portfolio.

  • Bitcoin
  • Ethereum

If you really want to bet on future you have these three

  • Polkadot
  • Cardano
  • Solana

I think BNB is always going to be a good bet being the Amazon of the crypto world.

  • Binance BNB

These don’t seem to every die, but you would have to give to me for free to hold

  • Litecoin
  • Stellar

These are complete trash

  • Bitcoin Cash
  • Ripple XRP
  • Tezos
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Five others that I would bet on

UNI (Uniswap)
LINK (Chainlink)
MATIC (Polygon)
AAVE (Aave)
ENJ (Enjin)

So as an example of a solid portfolio of ten that should still be relevant in ten years time

BTC 25%
ETH 25%

DOT 10%
ADA 10%

SOL 5%
UNI 5%
LINK 5%
MATIC 5%
AAVE 5%
ENJ 5%

NFA DYOR
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Also relevant thats just been posted.

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Are you saying people should put 50% of their spare funds into Bitcoin/Ethereum?

Well that example of picking Bitcoin and nine alts and the percentages represent how much they would make up of your crypto portfolio.

So say you can afford to put in say ~£5k a year towards crypto long term holdings. You might put in £100 every Sunday regardless of what the current prices are (£5200 over 52wks).

With that £100 you’ll want to buy:

£25 each of BTC and ETH
£10 each of DOT and ADA
£5 each of SOL, UNI, LINK, MATIC, AAVE, and ENJ

2 Likes

Ofc for future reference this is what that £100 currently buys you today in those percentages

0.00104210956323104 BTC (25%)
0.016755695260819152 ETH (25%)
0.929368029739777 DOT (10%)
10.537729814715096 ADA (10%)
0.22665457842248415 SOL (5%)
0.3448275862068966 UNI (5%)
0.3930817610062893 LINK (5%)
6.957935107514013 MATIC (5%)
0.023064858381769537 AAVE (5%)
5.424393715514417 ENJ (5%)

No love for my beloved Algorand @phildawson? I’d consider it miles ahead of Cardano in terms of current state of adoption, rate of adoption, and capability.

@phildawson, many thanks for your all your posts.

After some research, also found the following ones:

  • Algorand
  • EOS
  • IOTA (IoT)
  • TRON (some controversy about it)
  • Filecoin (Proof of replication and proof of spacetime)
  • Theta Fuel (video streaming industry)
  • Monero (privacy coin)
  • Zcash (privacy coin)

What do you think about them?

Ripple XRP have some bad reputation due to their creation out of thin air and have SEC lawsuits. That’s curious, as Ripple Labs have a lot of banks as partners and pretends to replace SWIFT.

I’m surprised with your thumb down on Tezos, as they have some notorious partners, a couple of F1 racing teams (for NFTs), banks (for STOs), utilities (as “miners”), supermarkets, NFTs marketplaces, gaming companies (e.g. Ubisoft as “miner”). Besides that it’s PoS.

I’m a massive proponent of Algorand. Silvio Micali is the founder of Algorand, an MIT professor and cryptographer who is a Turing Award winner (kind of like the nobel piece of computing). He’s pals with the chief of the SEC, Gary Gensler, who is also interested in crypto and particularly regulation of crypto. Gensler even taught crypto courses in MIT. Their friendship is enough for me to invest as if there are any regulatory changes coming, the boys and girls at Algorand will be first to know, you can be sure of it. For me, it really is the forerunner and obvious choice for Central Bank Digital Currencies (CBDCs) and they’ve even completed a proof of concept by creating a CBDC for the Marshall Island - a US administrative island. Similarly, Bermuda’s healthcare payment system now runs on Algorand in an attempt to decentralise and improve efficiencies in the payment systems. For me, this is another proof of concept for what is possible in larger countries. It is also carbon neutral which is great.

There are some issues with the tokenomics I am lead to believe, though I’m not paying too much attention to that right now as it’s such a new project and there are bound to be teething issues. The pros for outweigh the cons right now.

Note: I am completely biased so take my opinion with a pinch of salt.

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  • Algorand

Ok but its a gamble.

  • EOS

Piece of crap that doesn’t die

  • IOTA (IoT)

Tradable but gamble. Check out FET too.

  • TRON (some controversy about it)

Yeah i’m not touching this one.

  • Filecoin (Proof of replication and proof of spacetime)

Along with STORJ the two best storage blockchain projects

  • Theta Fuel (video streaming industry)

I held and traded THETA for ages, still has a good future. Fuel is well the fuel for THETA.

  • Monero (privacy coin)

It’s never shilled, and the project is rock solid. But never goes anywhere price wise and I’m dubious if it will ever become a popular thing.

  • Zcash (privacy coin)

Bet on Monero

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The only problem I have is CBDCs combine the worst of fiat and the worst of crypto. Crypto people won’t fall for it and they have to hope they can get the mainstream converted.

Anyone wanting to know more about CBDCs heres a recent video from guy

CBDCs … or as I like to call it the ultimate shitcoins.

My opinion is it doesn’t matter what crypto people want or think. The regulators will always win. Having a CBDC is beneficial for nations for various reasons including audit trails of citizens expenditure and to prevent tax evasion; or even for data on citizen expenditure.

Money is beneficial too so I can’t see that being replaced completely.