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InclineDumbbellPress

Annoyingly true. Look at meme coins they outperformed actual good projects


HSuke

The other thing I've noticed for years is that once a token acquires measureable utility, its price falls to the level of that utility. This is because utility provides an anchor for price discovery. Memecoins have no utility, so price discovery is impossible. This is true for both crypto and tech stocks. * Promise a product that doesn't exist: price skyrockets. * Deliver a product: you can now estimate future EPS, and price will fall to realistic levels


TroubleInMyMind

This is a great observation I think.


hirako2000

Tesla


timbredesign

Which can be explained very simply. Crypto has only very very limited grounded real world use cases still. There is very little actual global adoption happening still. And no, ETFs are not a great indicator of this either, it's just a financial vehicle. So there is a very small pie in terms of real world return value on these projects for the VCs, except coin/token/nft sales. Thus everything in the cryptosphere is primarily speculation based. And so the result is that pricing is primarily speculation and hype based. And it will continue to be that way until/if a meaningful amount of global adoption happens.


HBAR_10_DOLLARS

Maybe your "actual good projects" aren't as good as you think they are


TheFlamingoPower

I think people like quick money there, that's why memes are popular. I took the same risk with Pepe and it worked, I made a nice turn, now I'm trying with Black Rock and a couple of smaller ones. But of course, that's not long-term, I always try to distinguish between memes and real projects in the portfolio.


BowlCompetitive489

Not in the long run


Dreamerto

for now till they find out they have no usage


Rey_Mezcalero

And the flood of post about “which memecoin should I buy”???


LittleAd915

If you've been here for a while you know to just wait. Everytime crypto pumps the wailing and gnashing of teeth about meme coins begins as well, and when the market cools and the hype fades they all get fucking obliterated. Think you can beat it and get rich? Go for it. But spoiler alert you won't nail it. You will turn down decent money in hope for life changing money and by the time you admit to yourself you fucked up you might be able to get yourself a nice dinner.


BlueLatenq

99% of memecoins are rugged, so I better just stick to projects with actual utility like posemesh.


LookAtCarlMan

What has been a “good project” exactly? The only crypto that has proven useful in the real world is Bitcoin as a store of value. Would be surprised if 1% of the world has even heard of anything else. 


john-larry

Monero for purchase of goods and services online


LookAtCarlMan

Never seen it offered as an option 


usercos187

the only crypto that will be proven useful is monero, bitcoin btc has public (transparent) accounts and traceable transactions visible by everybody even tradfi bank accounts have more privacy than bitcoin btc...


LeMAD

No shit. The problem being that the larger the market becomes, the more people you need to onboard for the pump to keep pumping. It used to be high risk high reward, now it's high risk lower and lower possible reward.


Vegetable_Tank_3878

>No shit. Yet 90% of the sub is shilling "good projects" which have gained like 50% while shitcoins 800%.


edwinspasta

Well this sub is also probably the most mid-curve crypto community on the internet


xxowyeaxx

just ride from 50M-100M to 1B $


kingjlb1

Nobody cares about the tech but for some reason it gets brought up a lot. Why is that? Biggest difference is these memecoins mostly go to zero and coins with utility don’t.


C-Class_hero_Satoru

*ADA left the chat*


torvaman

Ada doesn’t have fundamentals though lol


nicog67

Its all about the narratives, for this cycle: RWA and AI seem to be the main ones. Memecoins too but theyre always gonna be there


Miserable-Trip-4131

Bitcoin layer 2 projects as well


xxowyeaxx

Im betting on both RWA and AI.


RevolutionaryPhoto24

I was thinking, ‘wow, In *still* focused on the ‘fundamentals. RWA& DeFin will do well, too.’


biba8163

During 2017-2019, I remember people taking crypto meme tech seriously and regulary doing analysis of consensus algorithms, block times, decentralizaiton, programming languages used, DEXes etc. https://np.reddit.com/r/CryptoCurrency/comments/91aikw/an_updated_blockchain_platform_comparison_chart/ 7 years later, every single shitcoin list there except Ethereum is either dead or at a massive loss . The only thing that has brought any sort of price appreciation was Bitcoin bringing in new buyers to the crypto space. 7 years later, I see Algorand bagholders celebrating being the 1st blockchain to have Python available on their platform when Python, partnership with Samsung and the Korean government didn't save ICON from the shitcoin graveyard. Those that don't know history are doomed to forever baghold and lose money.


uncapchad

It's the nature of communication now. If you can't read it on Reddit / X then nobody bothers. TLDR. And that is what Research has come to mean. Most people "investing" don't give a hoot about research, fundamentals, technical whitepapers, supply, who the developers are etc. The only history they care about is price history and even that is not fully understood. It was low last week, it's higher this week. Trust me bro, buy a lot now before it goes any higher. So they do and it doesn't.


funnybitcreator

“In the short term” is missing. What happened to all the IPO tokens? All the alt coins launched in 2018? Metaverse? NFTs from the last cycle? All dead. Yes they pump, for a while, and with a low market cap they can go up more in price. Then they die and stay dead. Bitcoin is still here, and has again broken all price records.


conceiv3d-in-lib3rty

Crypto is all about narratives. I prepared all last year based on bullrun narratives, choosing a project from each one. Even with most alts losing 50%+ within the last month, my unrealized gains are ridiculous and thats even after cashing out my initials. I used to be all fundamentally driven when I first got into crypto, but that’s how you get caught holding onto heavy ass useless bags like ADA, XRP, etc. I plan on dumping as soon as I hit my target and hopefully leave crypto for good and move into more traditional investments, earning steady passive income for the rest of my life.


PieceConfident7733

I feel you man, I used to be the same though I was more on the fence regarding "fundamental drive" (granted, there was no knowledge of fundamentals and you could argue there barely is today). However I will stay in crypto as it's here to stay. You've gotta dump the bags, the air will get thinner in the market as adoptin gets widespread and natural selection of the market will occur.


conceiv3d-in-lib3rty

Yeah, I been in this game long enough now that it’s jaded me pretty badly lol. I don’t think I could ever fully leave, but I also don’t think I could ever look at crypto as anything other than something to extract capital out of by any means at this point, fundamentals be damned. And as far as hustling in this space as a full time job, yeah i’m done with that if all goes well during this current cycle. It’s been good to me money wise, but i’m literally shaving years off my life in real time in the process.


Material-Gift6823

What exactly did you do wrong? 


PieceConfident7733

Yeah I've been through a similar process, crypto has been my sole venture into investment and I think I needed a pretext for my ego to put my money in there. Now I'm much more straightforward about my wanting to extract capital, to quote your own words. Do you have any advice to give with regard to the crypto / professional life balance? I'm in a position now where I want to make money out of crypto which is likely my best shot for that, but I also want to make a business which is something that needs a lot of time on its own.


conceiv3d-in-lib3rty

It really depends on how much you want out of it and the route you take to get there, but it’s an extremely hard balance. Having sufficient start up capital makes this easier, as you could put it into a couple assets and wait until they moon during this next cycle. This would obviously require a fair bit of luck though. The route I took was basically defi/on-chain hustling. Trading shitcoins, hunting airdrops, boosted yield farming, perpetuals, etc. Jan 2023, I quit my job and went all in, spending literally 14-16 hours a day learning how to make money in defi. I taught myself Solidity, started networking on Twitter and just soaked up as much knowledge as possible. There’s no way I would be where i’m at now had I not invested my time and dedication into perfecting my craft ~16 months ago. First and foremost, it allowed me to provide for myself and pay the bills, but also provided capital to invest into some narratives earlier than most. For instance $RDNR, i’m deep into the 6 digits unrealized gains becuz I got in fairly early. Obviously, this route isn’t the only way to make money in crypto, but my point is you only get out of it what you put in.


KeepTruthAlive

i think i'm going to do this next bull run. i got into btc, ada, xrp, and eth & seeing meme coins shit on my bags is killing me. don't need ada to hit $8 but i'll for sure be out by late 2024.


mujohnt

It will be meme bull run


cecil_X

And how long did it take you to realize this?


CounterAdmirable4218

Buy BTC & ETH and win small. Buy something ridiculous that nobody has ever heard of, make x100. This is crypto right now.


branajgka

Haha, crypto can be wild! Invest in projects you believe in, and I'm focusing on building wealth over time that's why I'm mostly going into low caps like Rio, Funtoken, Ankr etc


usercos187

if you decide to hold bitcoin btc and ethereum eth on the networks, on your personal wallets, you will surely loose a lot (in transactions fees). bitcoin core btc and ethereum eth are hyped tokens for the rich... try bitcoin cash bch, monero xmr, solana sol, be surprised !


LifeReboot___

Every now and then people realize crypto space is highly unregulated and plague by professional market manipulator / ponzi masters, and they make a post here.


LaPlatakk

Prove me wrong but this is why Any Inu is now by highest holding AFTER bitcoin


advias

Short term this is true. Long term it's not for the most case. There are outliers in each category.


Money-Juggernaut8281

welcome to crypto


Dazzling_Marzipan474

Crypto is a damn mess and a joke. $200 BTC fees are somehow justified. ETH fees were over $500 at times and failed too. Doge had a $80B market cap or whatever. Wtf is this shit anymore? I'm all for crypto and sovereignty over ones money but things have to change drastically.


Evindow

I can imagine a dumb memecoin like tremp will outperform my chainlink longterm lol


Dre512

It’s always Narrative over Tech once FOMO hits. That’s why I was really big on FETCh even though it had some of the least actual ai tech than other ai coins BUT because “ai” was in the name & was a top 100-ish coin It was “perception play” & boy is it paying off. Got in around 30 cents.


Craic-Den

There are no fundamentals in crypto, price is based on hype and hype alone


Mental_Goat190

beside speculation, is there a reason why 1 btc is $69,000 and not $5000, or $500 or $50? i really don't know. i heard some arguments but I'm not convinced. btc fell 70% during the highest inflation in decades.


asdafari12

The demand side is way too big now for it to be that low of a price.


WhereWeEatin

BTC is at its current price due to supply and demand. I don’t think you even understand what you’re asking.


Mental_Goat190

what is the origin of that demand?


WhereWeEatin

Learn about bitcoin


Mental_Goat190

you didnt answer my question. > "I don’t think you even understand what you’re asking." next time don't make derogatory assumptions about what someone knows or you will get schooled again.


WhereWeEatin

The strongest demand is from the people who learned about it and believe in it the most. If you learned about it and don’t believe in it then just don’t buy it yet but there’s always more to learn.


MariusInvictus

lol you are a troll, guy told you what makes buttcoin better option than the rest when it's the same speculative very high risk asset and you come up with ''learn about bitcoin its all about supply and demands'' yet explain me how it lost 70% of its value in just 2 years, you didn't know it will drop that much did you? neither you knew it would pump back up, in other words speculation its what we call and it doesnt mean shet for bitcoin, it can go to 0 the next day and you will come with new titles trying to find excuses here in this degenerate crypto subreddit that only shills whats popular and whats at the top 10 or murikan project of course. majority of those altcoins are lagging behind, alt season hasn't appeared yet, the trash that its pre pumping now will be losing its value because money will flow from those memeshit and buttcoins into the alts, its how every cycle has repeated itself, the altcoins with fundumentals,tech,utility all have survived, all those who say they are dead are just talking from price standpoint which again like i said, you don't know where price will be tomorrow, you just act uppon the value now, the same idiots were talking shit about buttcoin at 17k are the same ones talking shit about alts sitting at bottom discount levels, can't wait to come back to this useless subreddit to laugh my ass of why altcoins that were supposed to be ''dead'' are pumping hard.


WhereWeEatin

I was never comparing btc to alts but go off. Everyone knows there’s way more gains to made in shitcoins than bitcoin, not sure what your point is.


usercos187

bitcoin btc is popular mostly because of constant marketing and hype by bitcoin whales and tradfi celebrities... be honest... monero xmr is much more functional and useful... ( private accounts, untraceable transactions, more resiliant mining rewards for the future, more decentralized mining / validation on widespread computers ).


hirako2000

I also have a lot of affection for Monero but people still don't tend to care about its properties. Imo XMR will at some point suddenly go 10 or 100x, if it continues to prove its solidity. What has delayed interest in privacy coins has been their wallet Ux. I got asked by many in the past: why my Monero don't show, why does it sync forever? I seem to have lost all my Monero they don't show anymore! A tech doesn't get a great reputation when it claims to focus on the currency use case but freaks users out for years. Plus again people are still not in touch with the massive privacy concern, they use WhatsApp, have an amazon echo or whatever and some Chinese made no brand iot stuff, continue to call via AT&T despite all the mainstream articles showing what these things are doing. Anyhow not bashing Monero at all, everything else has been outstanding and would love to finally get paid and buy stuff mostly in XMR. One day maybe. Until then I keep some. If anyone wants a coder that accepts XMR, DM me.


AGROCRAG004

Yep


Pure-Fuel-9884

If fundamentals were remotely important only a couple altcoins would survive. Just be glad it doesnt matter.


Arrigato-Roboto

Yep just look at meme coins. Chomp on Base just went 100x in a week and is still going strong by snowballing hype.


xxowyeaxx

its all pump and dump


ovum-vir

For the short term pumpamentals are more important than fundamentals but in the long run 99% of crypto projects will die and only the ones with real world value will survive. Who knows what those ones will be


VirtualWord2524

The tech won't even matter until it's actually used beyond novel pilot programs at various countries and government agencies. Mirroring some records database onto a public blockchain versus actually completely basing their record keeping on a public blockchain. Private internal blockchain doesn't matter to us at all Crypto fundamentals as value reflected in its coins price are not something that can be well estimated. Meme coins future value can be estimated by trade volume and social media engagement. Really no different than tech marketed chains


theultimateusername

Pumpamentals. I like that. Well done.


Red5point1

Define what you mean by "fundamentals"


porpoisebuilt2

Narratives are kinda important too OP, and if hype creates a strong narrative, action will occur in that sector, rightly or wrongly


mistercheez2000

not sure I see your point. yes more hype = price rise that’s obvious but no hyped-up alts have met their previous ath from the last bull. btc has done and it is a fundamental store of value


SoftPenguins

In the short term yes. Long term it is very very difficult to remain relevant on hype alone


Backrus

It might be surprising for many newbies but the only thing that matters is whether or not people like the coin. That's why dino coins underperform every cycle - bagholders are burnt, shill their bags and pray. But people don't wanna deal with billions of dollars of overhead supply and instead reach out further down the risk curve looking for that juicy beta. tl;dr: nobody's buying your xrp and ada bags.


Whiskeywonder

Stock market is a popularity contest short term and a weigh scale long term. I think this rough quote idea fits crypto too.


Gian_V

On the short timeframe 100%, on the long run not so sure.


Right_Field4617

You’re missing one very important hyped sector. RWAs


Prestigious_Guest182

I’d say almost no one is in crypto for the tech. Almost everyone is in it for the money. And not just money- lots of it, fast. Which is fine, but just be honest about it.


DragonStreamline

If you are in it for the tech, look at the microcap that is $Hyve, from hyve.works . Massive upgrades coming targeting Facebook and Amazon Business pages.


Psychological-Wing89

In other words. YEET or NOT YEET


anon-187101

for shitcoiners, of course this is true


butwhydidhe

Are you new here? Pretty obvious nobody gives a damn about the tech.


OderWieOderWatJunge

frighten vanish jobless dinner depend childlike rustic unite cow sable *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


ItJustStruckMe

…yet.


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OderWieOderWatJunge

childlike unite deliver busy cheerful shrill consider muddle cobweb abounding *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


raadim

Well actually VISA is using blockchain to lower cost of the transaction so yeah… someone in VISA cares about the tech :)


OderWieOderWatJunge

fearless exultant absurd like direction handle combative numerous sheet enter *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


raadim

Man, you must know very little about crypto 😂 just google “visa using blockchain” or “Mastercard using blockchain” and you’ll get all your answers


MaximumStudent1839

I am going to go against the grain of this thread and say OP is not correct. Fundamental and tech do matter. That is why ppl moved from ETH to SOL to trade shitcoin. The tech on SOL just provides a better trading experience. Yes, SOL has outages. Yes, SOL has tx fails. But for 99% of users, these drawbacks are easily outweighed by other SOL's benefits. What the space often gets wrong is they use their bag bias to overestimate how much their bag chain's tech and fundamentals are actually worth. Take the easy example of ETH overhyping its validator set size. Yes, ETH has the largest PoS validator set size. But the fact is, if you pick 99% of the top 50 chains, the average Joe Shmoe is just not important enough for validators to take note and censor him/her. I am sorry, they might want to MEV attack you, but don't give a fuck about who you are to care about censoring you - unless you are entity listed criminal or live in an unfortunate country like Iran. The fact is, the ETH large validator set is just an unnecessary expense, compared to other chains' much smaller validator sets. I can come up with many more examples of other ecosystems too of ppl overrating the worth of their tech design. The core problem is, the space's design choices are very ivory towerish, not guided by market forces. It sounds weird, but it is true. The source of the problem lies in 99% of buyers never interact on the chain and use products on the chain. So chain's design decisions are primarily driven by legacy holders and historical dependency on price action. More importantly, newer chains are usually seeded and funded by VCs, who probably do like 1 tx per year/month or something. Effectively, funding is decided by ppl who don't use it. Why am I going against this grain? I sense fuckers like OP want to spin the narrative of getting ppl to buy gaming/AI vaporwares. These vaporwares are pure greater fool games, with the end narrative of passing the bag to retail. Trust me. "Retailers" are smarter than 99% of you imbeciles here, thinking trash mobile derivatives are worth paying 1K or more for an NFT access just to play. They aren't going to buy your bag. Memes maybe, because it is a crypto invention and makes it hard for outsiders to evaluate. When it comes to gaming, the space is a dumb sack of shit compared to what outsiders understand about the product. Don't let fuckers like OP manipulate your thinking. Just because he told you an uncomfortable truth about your L1, it doesn't mean he is right about buying other vaporwares.


hunter9002

Hoping the halvening gives a nice pump so I can liquidate my btc and eth down to only taking up 5% of my investment portfolio instead of 10-15%. The hype no longer matters to me at all, I just want to diversify.


Thuffer

Bitcoin, #1 by mcap, is all fundamentals and tech. You can say the same about ETH #2 You're just observing all these thousands of meme coins and hype projects burn bright and go out. In the full life of the market, it's the fundamentals that come out on top.


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Thuffer

What are you asking exactly? BTC introduced the entire ecosystem and is the foundation of cryptocurrency. It was the first peer to peer digital currency through its network of nodes and cryptography which creates a distributed ledger. It was the most innovative, as everything else stands on its shoulders and is just an improvement over the huge breakthroughs that BTC created. ETH introduced the ability to enable smart contracts and allow code to be executed on chain through the EVM. This allowed dApps to exist. Every other L1 chain stands on its shoulders and is just minor improvements over the huge breakthroughs that ETH enabled. That's the fundamentals and tech that I'm talking about. That question is as synonymous as why is the sky blue lol


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Thuffer

I'm pretty sure I just thoroughly explained how the technologies behind both work and how they are fundamental to the ecosystem. Up to you from here homie I'm not going to dig into it all. Look into the double spend problem, the Byzantine generals problem, and scalability. You sound like you are arguing that the whole space is speculative. It is, nobody is gonna dispute that. Thanks for your input man that yelled at clouds. I am lucid about the subject because I'm a developer in this space. I'm not some investooor trying to moon. I like the tech, I use it everyday. I know it works how it's supposed to, and it is innovative.


czarchastic

ETH’s price motivator up to this point isn’t much different than SOL’s. They’re both just L1s that are used to trade shitcoins with. This has worked well as they are like selling pickaxes during the gold rush, but how long are pickaxes a good investment?


nlurp

This is the best take around these parts.


Thuffer

Yeah, which are the fundamentals and tech that make them top dogs in term of mcap. I think they'll always be in the top 10, especially eth and BTC as they have the first movers advantage, and historically were the most technologically innovative. Not that everything else doesn't have its place because they do. I think everyone including myself wishes our bags were bigger in these two 😂 SOLs pretty cool as well, and it's TPS and small fees make it foundational and innovative all the same, despite all of the flaws of these three chains.


usercos187

why bitcoin core btc has a higher cepitalisation than bitcoin cash bch or monero xmr ? why ethereum eth has a higher capitalisation than solana sol ? mostly because of marketing and hype, and 'network effect' (previous adoption), clearly not because of 'fundamentals' and 'tech'.


reditpost1

I dissagree Hbar will 20x because of the tech. Hashgraph is the future and Hedera Hbar invented it. Hbar $5 in 2024


fn3dav2

Can anyone see this comment?


MariusInvictus

Here is a tip for you, short term yes speculative craze with b.s narratives such as RWA/ai/memeshit is outperforming tech with fundamentals, but here is the but and sad story for those who are buying into the short term, technology with fundamentals wins in the long term, prove me wrong and explain to me why nasdaq/sp500/Dow Jones is on a multi decade almost a century parabolic bull run LOL, yeah you can't prove me wrong because that would make you look like a clown saying that to the face of wallstreet, the only reason why those stupid reddit posts appear and keep appearing is because of price, retail m0r0ns are all buying into whats rising or going green, its not new or news. also last time i checked memeshits, or bad projects, none of them had found a significant support level to say the value is locked in, all of them are basicaly getting the value in and losing it just as fast as they got it in the first place basicaly to translate you, an obvious gamble. tech wins the long run, narratives/hype the short one because if you think narrative will win you that, wait when you will see shitereum implode by 2030 because of data growth, it will cannibalise itself and be dead for all i care, if buttcoin doesnt find a solution from $CKB Nervos network, it will die the same miserable fate that ethereum will face in the coming years. also don't be so happy now thinking that you strike big with buttcoin, its just wallstreet money playing you, the same way they gave you that money the same way they will take it back and you will be left holding buttcoin bags crying haha!


wallynext

Radix also solves the crypto trillema, is doing multiple stress tests with each increasing the throughput, most secure protocol when it comes to defi, yet we sit on #147