Category: Cryptocurrency News

submitted by /u/adambro_ [link] [comments]

Hi all, I've been pretty active in this subreddit for a while and I love the community! I know a lot of you are in this game to be financially free. There is now a subreddit specifically focused on Cryptocurrency and Financial Independence r/CryptoCurrencyFIRE I've been in a few FIRE (Financial Independence and Retire Early)…
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Raoul Pal, CEO, and co-founder of Real Vision has taken a bullish stance on Ethereum. Staying true to past statements, Pal reiterated support for Ethereum, which he sees growing exponentially in the coming years. For Pal, the growth of Ethereum in comparison to Bitcoin is the greatest argument for its long-term success. This has led the CEO to stand behind the leading smart contracts platform in the crypto space. Ethereum Vs. Bitcoin Anyone in the crypto space now knows that there is a clear line when it comes to outperformance between the two top cryptocurrencies. Although bitcoin has brought massive returns for its investors, it has not done nearly as well as Ethereum in the same time frame. This has largely driven the argument of Ethereum “flipping” bitcoin. Related Reading | New York Mayor Says Cryptocurrencies Should Be Taught In Schools Pal does not seem to subscribe to the school of thought that is Ethereum flipping bitcoin but is bullish on the latter’s long-term potential over the former. He argued the value of Ethereum against bitcoin when the digital asset had first launched five years ago, showing that the altcoin has performed 100x against bitcoin over its five-year lifespan. For the Bitcoin Maxi’s: when ETH launched it was at 0.0007BTC. 6 years later, it is at 0.07. That is 100x vs BTC over the period you called it a shit coin. The whole Pfeffer argument of utility value goes to zero has been proven wrong due to network effects Facts matter. 1/ — Raoul Pal (@RaoulGMI) November 14, 2021 ETH price trading above $4,600 | Source: ETHUSD on TradingView.com However, just because Ethereum has performed remarkably well compared to Bitcoin does not mean that there isn’t any potential for bitcoin. But Pal expects the altcoin to keep outperforming bitcoin in the coming years. ETH and BTC aren’t the same thing and that is fine. Some other token will outperform ETH probably over time too. That is cool too. The entire space is going up 100x from here. You can choose where you want to be on the risk curve but it’s not even clear ETH is more risky now. — Raoul Pal (@RaoulGMI) November 14, 2021 Bullish On ETH Pal’s stance on Ethereum has not changed since he had first declared investments in the digital asset. In August, Pal had placed the value of Ethereum at $20,000 by the second quarter of 2022. This prediction was mostly predicated on its growing use cases as the leading smart contracts platform for decentralized finance and NFT activities in the crypto industry, thus giving it an edge over bitcoin which did not have much going for it besides its monetary policy. Related Reading | Confirmed: AMC Now Accepts Bitcoin, Ethereum, Two Other Cryptos, Dogecoin To Follow In the same vein, Pal had placed the price of bitcoin at $250,000 in the same time period, proving that his bullish sentiment went above just ETH’s potential. Pal had also moved his entire investment portfolio into cryptocurrencies in 2020, the majority of which was in Bitcoin. In October, Pal updated his followers on Twitter that he had made the biggest personal position of his life in ETH. In the tweet, Pal said, “Just so we are clear – I am more than irresponsibly long ETH right now. I now have leverage but via calls. This is by far and away the biggest personal position of my entire life by a factor of 10 (or more). My view horizon for this part of the trade is 6 to 9 months.” Featured image from The Economic Times, chart from TradingView.com

Bitcoin and large-cap altcoins are meeting strong overhead resistance, which could be a signal that bears are attempting to stall the next upward move.

I sent a transaction last night to swap tokens at $100 usd gas fee: 20mins later I went to bed. I woke up this morning and the transaction was still pending. I managed to nonce the transaction and its no longer pending, however, I attempted to swap again with a higher gas fee and the…
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During this insane gas price time, I was looking for a way to transfer my tokens with low cost, I stumbled across Pulsechain. Not sure what to think about it. I did my research, looks decent, atleast the plan. Anyone here knows more? submitted by /u/Aashu10 [link] [comments]

The dollar amount is hypothetical, I'm just sticking a chunk of money into something I still don't fully understand and plan on sitting on it for a decade to see what happens. Not a fan of meme coins long term. I was thinking half of it split between BTC and ETH, and the rest into…
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Is there a way of converting Token symbols to addresses reliably? e.g. GRT -> 0xc944e90c64b2c07662a292be6244bdf05cda44a7 (which is The Graph Symbol and address) What I currently do is manually type the symbol into Coingecko and copy the contract they display. I would like to do this programmatically through an API or using a json mapping of…
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This is the old crypto rule, I joined back in 2017 and learned this the hard way. Your gains are just paper gains until you actually realize them. Similarly your losses are paper losses until you decide to sell. Most of us learn it the hard way. Back in 2018 I had multiple x's of…
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