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Bitcoin / Cryptocurrency Discussion (And Predictions)

Antifragile

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Two close friends made very decent x10 gains on crypto the last year.

One guy 200k in and now around 2m (bitcoin).

The other 5k in and now around 200k (alt coin).
That’s exactly what worries me about Bitcoin. As it becomes more of a “gambling” tool, this upswing may continue for a long time. But what is the “intrinsic” value? Is it a good storage of wealth or not? The limited coins design may imply “gold” but it clearly is not (as we now have multiple crypto currency). As a medium of exchange - thanks to Musk it’s getting better! But still, can’t buy a coffee or groceries at my local market, so no...

Yet stories like what you listed above are plentiful because value shot up. Now many rush in “to the moon”, thinking that no price can be too high. Wrong, there is always a price that’s too high. Just look at history of other innovative financial products. South Sea company example comes to mind. And yes, that is a very very old example.
I agree that blockchain has great potential and crypto has a great future, I’m trying hard to understand how to value the damn Bitcoin to decide how much and when to buy.
Not easy...
 
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Two close friends made very decent x10 gains on crypto the last year.

One guy 200k in and now around 2m (bitcoin).

The other 5k in and now around 200k (alt coin).

I, for one, don't have the balls to throw $5,000 into a cheap hot altcoin.

$1000 is my limit on them. I always take back initial investment when I can as I still have PTSD from 2017.
 

Timmy C

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That’s exactly what worries me about Bitcoin. As it becomes more of a “gambling” tool, this upswing may continue for a long time. But what is the “intrinsic” value? Is it a good storage of wealth or not? The limited coins design may imply “gold” but it clearly is not (as we now have multiple crypto currency). As a medium of exchange - thanks to Musk it’s getting better! But still, can’t buy a coffee or groceries at my local market, so no...

Yet stories like what you listed above are plentiful because value shot up. Now many rush in “to the moon”, thinking that no price can be too high. Wrong, there is always a price that’s too high. Just look at history of other innovative financial products. South Sea company example comes to mind. And yes, that is a very very old example.
I agree that blockchain has great potential and crypto has a great future, I’m trying hard to understand how to value the damn Bitcoin to decide how much and when to buy.
Not easy...


I don't buy Bitcoin to gamble, I buy and store it for the long term to protect purchase power.

I DO buy altcoins to gamble.
 

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That’s exactly what worries me about Bitcoin. As it becomes more of a “gambling” tool, this upswing may continue for a long time. But what is the “intrinsic” value? Is it a good storage of wealth or not? The limited coins design may imply “gold” but it clearly is not (as we now have multiple crypto currency). As a medium of exchange - thanks to Musk it’s getting better! But still, can’t buy a coffee or groceries at my local market, so no...

Yet stories like what you listed above are plentiful because value shot up. Now many rush in “to the moon”, thinking that no price can be too high. Wrong, there is always a price that’s too high. Just look at history of other innovative financial products. South Sea company example comes to mind. And yes, that a very very old example.
I agree that blockchain has great potential and crypto had a great future, I’m trying hard to understand how to value the damn Bitcoin to decide how much and when to buy.
Not easy...

At the time friend number one gave me a call. This was right at the start of the pandemic - few weeks in.

He had done quite a bit of research and had a good feeling it would pop. He has studied up on similar things in the past and felt it was something people would back as they print money and hedge against inflation.

He called it 100% and was right in his prediction.

As for value etc its been debated for many pages on here. I got nothing to add there - its just a post on two friends.
 
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I, for one, don't have the balls to throw $5,000 into a cheap hot altcoin.

$1000 is my limit on them. I always take back initial investment when I can as I still have PTSD from 2017.

It was kinda funny cause he called this coin "his 10 year plan". He was sure down the line the tech would be useful.

Like a month later it's up x40.
 

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It was kinda funny cause he called this coin "his 10 year plan". He was sure down the line the tech would be useful.

Like a month later it's up x40.


Having a cheap hot altcoin as a 10-year plan sounds terrifying to me haha.

I view them as high-risk venture capital-style investments.

They might pay off years from now, they might not.

I don't mind taking on risk, but I always take back the initial investment to manage said risk.
 

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At the time friend number one gave me a call. This was right at the start of the pandemic - few weeks in.

He had done quite a bit of research and had a good feeling it would pop. He has studied up on similar things in the past and felt it was something people would back as they print money and hedge against inflation.

He called it 100% and was right in his prediction.

As for value etc its been debated for many pages on here. I got nothing to add there - its just a post on two friends.

Just one more post on this.

This guy is a hard working fella with a decent separate online biz.
At the time he put in all he could afford to lose on this one thing.

Bitcoin aside it has been interesting to watch how a small fortune can me made in one move.
It has thought me the importance of being ready to go when life opens an opportunity.

Keep in mind this was a year back when fear was peak and the market was tanked. He called his shot and backed himself 100% - it has gotten me thinking a lot about how to prepare for similar moments that will come in the future.

If you aren't stacking when times are good you aren't ready to move when times are bad.
I had a rainy day fund of course but I wasn't ready to roll big like this guy - so fair play to him.

Again not debating crypto but more the idea of being ready for when you spot a large potential opportunity.
 
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Yup, value debate is covered in many books, interviews, threads like this and it’ll continue for a long time. No easy answer is available. Those who saw their bitcoin go up 10x feel like it’s greatest value holder today. Yet would they buy the same amount with fiat currency today at todays prices? Hmmm... not sure.

Fox, your friend did well, glad to hear it and frankly is an example of what people should do: research, then make a sizeable play. That’s investing!

What’s interesting is that after being right and making the money, you are sharing his story, thus inviting readers who don’t do their own research (yeah, I know, not your or my problem) to start participating. Run up the price some more and then... we don’t know the future.

I am not saying anything we don‘t already know. By the fact that we are corresponding on this forum we are likely the types to read, research, run businesses etc. Much like you, Fox sharing a story, I am just sharing thoughts. It’s a fascinating situation.
 

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What’s interesting is that after being right and making the money, you are sharing his story, thus inviting readers who don’t do their own research (yeah, I know, not your or my problem) to start participating. Run up the price some more and then... we don’t know the future.

You are right...

Disclaimer: I am not a medical expect. Ask your doctor about bitcoin.

If your gains last for more than 3 hours seek medical assistance.
 

Fox

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Yup, value debate is covered in many books, interviews, threads like this and it’ll continue for a long time. No easy answer is available. Those who saw their bitcoin go up 10x feel like it’s greatest value holder today. Yet would they buy the same amount with fiat currency today at todays prices? Hmmm... not sure.

Fox, your friend did well, glad to hear it and frankly is an example of what people should do: research, then make a sizeable play. That’s investing!

What’s interesting is that after being right and making the money, you are sharing his story, thus inviting readers who don’t do their own research (yeah, I know, not your or my problem) to start participating. Run up the price some more and then... we don’t know the future.

I am not saying anything we don‘t already know. By the fact that we are corresponding on this forum we are likely the types to read, research, run businesses etc. Much like you, Fox sharing a story, I am just sharing thoughts. It’s a fascinating situation.

Proper answer...

For me the question is how much do I trust money out of 100?

As that number drops (and it has been dropping) I am going to be holding less and less.

And crypto is one (of several) directions it has been going in.

If my one post is what gets someone to invest in X then they weren't going to hold on to it for that long anyway - everyone should do their own research on whatever they are investing it. That is basic investing 101.
 
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Antifragile

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Proper answer...

For me the question is how much do I trust money out of 100?

As that number drops (and it has been dropping) I am going to be holding less and less.

And crypto is one (of several) directions it has been going in.

If my one post is what gets someone to invest in X then they weren't going to hold on to it for that long anyway - everyone should do their own research on whatever they are investing it. That is basic investing 101.
I liked your previous answer better.
 

Kevin88660

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Two close friends made very decent x10 gains on crypto the last year.

One guy 200k in and now around 2m (bitcoin).

The other 5k in and now around 200k (alt coin).
My friend made 5x from defi. To hold from bottom and not selling is not easy. Most people had positions before Covid hit and took partial profit along the way.
 

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That’s exactly what worries me about Bitcoin. As it becomes more of a “gambling” tool, this upswing may continue for a long time. But what is the “intrinsic” value? Is it a good storage of wealth or not? The limited coins design may imply “gold” but it clearly is not (as we now have multiple crypto currency). As a medium of exchange - thanks to Musk it’s getting better! But still, can’t buy a coffee or groceries at my local market, so no...

Yet stories like what you listed above are plentiful because value shot up. Now many rush in “to the moon”, thinking that no price can be too high. Wrong, there is always a price that’s too high. Just look at history of other innovative financial products. South Sea company example comes to mind. And yes, that is a very very old example.
I agree that blockchain has great potential and crypto has a great future, I’m trying hard to understand how to value the damn Bitcoin to decide how much and when to buy.
Not easy...
If you look at the history of investment, for thousands of year it used to be precious resources or artifacts. Land, gold, famous painting and Ming Dynasty vase.

In the last 2-300 years it become possible to invest in other people’s business. The concept of shares ownership in private limited companies and gradually equity begins to play a greater role. Stocks were literally outperforming other assets on average for the last 200 years but only in the 60s and 70s there were theories built on stocks investing in the academia. Before that stocks are largely seen by public as gamblers betting in a casino. Warren Buffet wanted to be a stock broker in his 20s and all his family members including his teacher Ben Gram advised him no to. That could tell you how much respects stocks investing were getting.

The prevailing theories about stocks’ values and other securities are about the lifetime of cashflow you can get through investing in them. But today with QE and extreme low yield environment it is no longer easy to rely on yield to make an investment decision because “everything becomes overvalued” by the old benchmark.

Tesla could be priced more than the market cap of the several largest automobiles companies combined. I think we are moving towards a “consensus driven” market valuation. Social Media and retail money opinion matter a lot more than professional money in the past. A lot of institutional money are for the long haul and the daily directions are driven by retail money who gets their opinions in their face book groups, reddit and twitter. As we know that social media tend to reinforce an opinion than to challenge it, it creates its own strong momentum.

The same can be applied to bitcoin. The early days multimillionaires who made money from bitcoins are still hoarding a lot of the bitcoins. Greyscale is creating a system the coins held in custody cannot be dumped back into the market. Michael Saylor is buying and shouting to the whole world. The outside community looking at bitcoin is asking “what is the value of bitcoin?”. The INSIDERS are thinking “How high can we push the price higher if we do our parts and work together. And God bless us that we should not have too many traitors selling out too early and smash the market.” It is a lot about marketing, community building and faith building these days. United and hold the price will shoot for the moon. Sabotaging each other to take early profit and be skeptical the project will fail. Game has changed.
 
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Antifragile

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If you look at the history of investment, for thousands of year it used to be precious resources or artifacts. Land, gold, famous painting and Ming Dynasty vase.

In the last 2-300 years it become possible to invest in other people’s business. The concept of shares ownership in private limited companies and gradually equity begins to play a greater role. Stocks were literally outperforming other assets on average for the last 200 years but only in the 60s and 70s there were theories built on stocks investing in the academia. Before that stocks are largely seen by public as gamblers betting in a casino. Warren Buffet wanted to be a stock broker in his 20s and all his family members including his teacher Ben Gram advised him no to. That could tell you how much respects stocks investing were getting.

The prevailing theories about stocks’ values and other securities are about the lifetime of cashflow you can get through investing in them. But today with QE and extreme low yield environment it is no longer easy to rely on yield to make an investment decision because “everything becomes overvalued” by the old benchmark.

Tesla could be priced more than the market cap of the several largest automobiles companies combined. I think we are moving towards a “consensus driven” market valuation. Social Media and retail money opinion matter a lot more than professional money in the past. A lot of institutional money are for the long haul and the daily directions are driven by retail money who gets their opinions in their face book groups, reddit and twitter. As we know that social media tend to reinforce an opinion than to challenge it, it creates its own strong momentum.

The same can be applied to bitcoin. The early days multimillionaires who made money from bitcoins are still hoarding a lot of the bitcoins. Greyscale is creating a system the coins held in custody cannot be dumped back into the market. Michael Saylor is buying and shouting to the whole world. The outside community looking at bitcoin is asking “what is the value of bitcoin?”. The INSIDERS are thinking “How high can we push the price higher if we do our parts and work together. And God bless us that we should not have too many traitors selling out too early and smash the market.” It is a lot about marketing, community building and faith building these days. United and hold the price will shoot for the moon. Sabotaging each other to take early profit and be skeptical the project will fail. Game has changed.
Hi Kevin,

thanks for this reply.
Any time in history that people went “this time is different”, which I think you are implying (please correct me if I misunderstood), there was a correction.
2008 GFC was a great example of people (and professionals) believing that real estate prices would always go up. They were wrong.
Today, if you’re telling me that it’s different because values are based on holding on to Tesla stock to pump it up even further... then I’m out and will buy during the correction.
Bitcoin and crypto is confusing to me still. I just need to learn more, it’s my ignorance that’s preventing me from placing a bet. But I can tell that I’m not interested in Tesla at these values. Fundamentals for business values are linked to profit expectations. These are completely out of line for Tesla.
 

Kevin88660

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Hi Kevin,

thanks for this reply.
Any time in history that people went “this time is different”, which I think you are implying (please correct me if I misunderstood), there was a correction.
2008 GFC was a great example of people (and professionals) believing that real estate prices would always go up. They were wrong.
Today, if you’re telling me that it’s different because values are based on holding on to Tesla stock to pump it up even further... then I’m out and will buy during the correction.
Bitcoin and crypto is confusing to me still. I just need to learn more, it’s my ignorance that’s preventing me from placing a bet. But I can tell that I’m not interested in Tesla at these values. Fundamentals for business values are linked to profit expectations. These are completely out of line for Tesla.
I just think that it is more and more difficult to make money investing based on “fundamental” and “future cashflow” in the public market because of low yield environment, social media dominance and retail money controlling a bigger portion of the “float” in the market.

I wouldn’t buy Tesla and Bitcoin Today. I would invest into projects that could develop into a strong community behind it and the price has not yet reflected that. Fundamental business value is just one factor but not the only thing, and sometimes not the most important thing.

Like I said “investing based on value, which is just the sum of future expected cash flow” has been around with us just for a few decades. If you travel through a time machine and meet a 19 century royal family member and tell them they should’t own gold and artwork that “produce nothing” but pieces of certificates (now digital) that say you own a part of a business they will think you are crazy. My point is to be open minded and consider different ways of looking at “value”.
 

Antifragile

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I just think that it is more and more difficult to make money investing based on “fundamental” and “future cashflow” in the public market because of low yield environment, social media dominance and retail money controlling a bigger portion of the “float” in the market.

I wouldn’t buy Tesla and Bitcoin Today. I would invest into projects that could develop into a strong community behind it and the price has not yet reflected that. Fundamental business value is just one factor but not the only thing, and sometimes not the most important thing.

Like I said “investing based on value, which is just the sum of future expected cash flow” has been around with us just for a few decades. If you travel through a time machine and meet a 19 century royal family member and tell them they should’t own gold and artwork that “produce nothing” but pieces of certificates (now digital) that say you own a part of a business they will think you are crazy. My point is to be open minded and consider different ways of looking at “value”.
I am liking this exchange, Kevin.

Let me throw another example at you. Back in 1999 and all the way till about 2002 there was this belief that the values were disconnected from earnings, that the "fundamentals" are no longer applicable because the market did not price "risk" as high anymore and the only way to participate was to take the lower yield. This was the Dot-com bubble. The common thread has been capital becoming cheap and chasing low yield indiscriminately, not pricing in the risk is a mistake.

I am all for viewing value in different ways and am investing my most precious of resources (my time) here as well as reading books on Crypto and Blockchain. My research and my gut tells me there is something profoundly important there. I am just too ignorant to be an investor, yet I hope to become one soon. And this is the key, I have no idea if Bitcoin is overpriced or underpriced. Maybe it should be worth $1M per coin or maybe it should be $10k. My own lack of opinion on Bitcoin's value is what bugs me and drives me to research.

I'll leave you with a quote from a great book:

“There have been numerous recent examples where loose capital markets contributed to booms that were followed by famous collapses: real estate in 1989–92; emerging markets in 1994–98; Long-Term Capital in 1998; the movie exhibition industry in 1999–2000; venture capital funds and telecommunications companies in 2000–01. In each case, lenders and investors provided too much cheap money and the result was over-expansion and dramatic losses.” (from "Mastering the Market Cycle: Getting the Odds on Your Side" by Howard Marks)
 
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Kevin88660

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I am liking this exchange, Kevin.

Let me throw another example at you. Back in 1999 and all the way till about 2002 there was this belief that the values were disconnected from earnings, that the "fundamentals" are no longer applicable because the market did not price "risk" as high anymore and the only way to participate was to take the lower yield. This was the Dot-com bubble. The common thread has been capital becoming cheap and chasing low yield indiscriminately, not pricing in the risk is a mistake.

I am all for viewing value in different ways and am investing my most precious of resources (my time) here as well as reading books on Crypto and Blockchain. My research and my gut tells me there is something profoundly important there. I am just too ignorant to be an investor, yet I hope to become one soon. And this is the key, I have no idea if Bitcoin is overpriced or underpriced. Maybe it should be worth $1M per coin or maybe it should be $10k. My own lack of opinion on Bitcoin's value is what bugs me and drives me to research.

I'll leave you with a quote from a great book:

“There have been numerous recent examples where loose capital markets contributed to booms that were followed by famous collapses: real estate in 1989–92; emerging markets in 1994–98; Long-Term Capital in 1998; the movie exhibition industry in 1999–2000; venture capital funds and telecommunications companies in 2000–01. In each case, lenders and investors provided too much cheap money and the result was over-expansion and dramatic losses.” (from "Mastering the Market Cycle: Getting the Odds on Your Side" by Howard Marks)
If you are looking at the value in the use case of bitcoin they are more apparent in the bear market 2018-2020 than it is current bull market which is more of a bet on wider adopter and institutional investment.

Bitcoin has a strong floor of 3k-5k usd. There has been academic research on bitcoin used as capital flight. Whenever there is a political turmoil in a country bitcoin will be traded at a premium there. Basically wealthy
elites use it as a quickly way to get their money out of the country.

Another factor leading to bitcoin’s several rally from 2018-2020 were due to crypto MLM projects. There were a lot of scam MLM projects running and the founders will always eventually convert their loot into bitcoin. Ransomware asking for bitcoin is another example. A lot of these bitcoin address are marked by police and they can never cash out in a proper exchange with kyc. So a lot of the bitcoin wallet address that has a lot of coins actually have no trading activity. There is no research backing this. This is a point covered by Chandler Guo an early adopter in his youtube sharing.

There are also altcoin like xrp used as small transaction cross border payment as it is cheaper than western union. In South East Asia there are a lot of Philippine nationals who work oversea and they use that as a cheaper alternative sometimes.
 

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I am liking this exchange, Kevin

Let me throw another example at you. Back in 1999 and all the way till about 2002 there was this belief that the values were disconnected from earnings, that the "fundamentals" are no longer applicable because the market did not price "risk" as high anymore and the only way to participate was to take the lower yield. This was the Dot-com bubble. The common thread has been capital becoming cheap and chasing low yield indiscriminately, not pricing in the risk is a mistake.

I am all for viewing value in different ways and am investing my most precious of resources (my time) here as well as reading books on Crypto and Blockchain. My research and my gut tells me there is something profoundly important there. I am just too ignorant to be an investor, yet I hope to become one soon. And this is the key, I have no idea if Bitcoin is overpriced or underpriced. Maybe it should be worth $1M per coin or maybe it should be $10k. My own lack of opinion on Bitcoin's value is what bugs me and drives me to research.

I'll leave you with a quote from a great book:

“There have been numerous recent examples where loose capital markets contributed to booms that were followed by famous collapses: real estate in 1989–92; emerging markets in 1994–98; Long-Term Capital in 1998; the movie exhibition industry in 1999–2000; venture capital funds and telecommunications companies in 2000–01. In each case, lenders and investors provided too much cheap money and the result was over-expansion and dramatic losses.” (from "Mastering the Market Cycle: Getting the Odds on Your Side" by Howard Marks)

Here's my advice for you -- quit thinking about it and just play around with it. Here's a fun little experiment you can run within a couple of minutes.

Go check out the below coordinates on Crypto Voxels - which is a mine-craft like web-based runtime environment in which users can interact with each other and other web3 elements.


There you will find an exhibit by The Dematerialised, which is an NFT marketplace for digital fashion and more. This brand runs on a new blockchain engine called LUKSO, which brings in a new ERC standard for NFTs. Simply put, it enables digital profiles vs what people have today, which is a simple public/private key pair for their cryptographic assets.

Feel free to roam around in Crypto Voxels and try to get a feel for the culture. If what you see in this universe doesn't pique your interest, then look no further and save all the time and resources you waste researching crypto.

If you want to know how deep the rabbit hole goes --> get an ETH wallet on MetaMask, load in a few hundred bucks, and start playing around across different Web3 applications.

Want to know what the price of an asset should be? Start using it, start engaging with other people that use it, learn as much as you can, and see if you recognize any patterns. Then it's up to you as to how you want to value things.

When Bitcoin was $100 for the first time, you could have argued the exact same thing you're arguing now - is it overpriced? is it too late? did you already miss it? are you too late? is this all a scam?

Today, the marketplace looks very different than it did thru 2015-2017. Back when smart-contracts were barely making an entrance, most ideas were still hype about what could be accomplished with smart-contracts. This summer showed the world that DeFi is F*cking huge and is not going anywhere. DeFi is in my opinion the first real use-case example of smart-contracts and how powerful they can be, and it will only exponentiation from here

The world is constantly struggling to keep up with the latest developments. By the time the VISA announcement hits on CNBC, you're no longer early to the party. Everybody knows. If you want to know what's undervalued, overvalued, game-changer, or complete bullshit, you need to get your hands dirty and play with the thing.

None of this is any financial advice - just trying to show you another perspective.
 
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AceVentures

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In South East Asia there are a lot of Philippine nationals who work oversea and they use that as a cheaper alternative sometimes.

Huge wave of the poor with access to the internet participating in cryptographic games that have tradeable elements with cryptocurrencies.

The Philippines has a huge community of Axie Infinity players - an NFT-based game. There are families literally just playing this game as a way to earn.
 
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AceVentures

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Coinbase is about to IPO within the next couple of weeks.

They just released their Q1 earnings to hype the event. The numbers are impressive.

Coinbase has more than 4x the number of users of Robinhood. They did more revenue in the first quarter of Q1 than in all of 2020 - $1.8B in Q1 alone. Of that, $700-800M was profit. Handled $330Billion in trading volume.

Assuming no growth, that's $8B/yr in revenue or ~ $4B/yr in profit. Listing valuation $100B, so that's roughly 25x profit ratio or 12x earnings.
 

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Coinbase is about to IPO within the next couple of weeks.

They just released their Q1 earnings to hype the event. The numbers are impressive.

Coinbase has more than 4x the number of users of Robinhood. They did more revenue in the first quarter of Q1 than in all of 2020 - $1.8B in Q1 alone. Of that, $700-800M was profit. Handled $330Billion in trading volume.

Assuming no growth, that's $8B/yr in revenue or ~ $4B/yr in profit. Listing valuation $100B, so that's roughly 25x profit ratio or 12x earnings.

I won't be touching it.

Coinbase is a zero.

Defi and decentralized exchange apps will kill all centralized exchanges.
 

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I won't be touching it.

Coinbase is a zero.

Defi and decentralized exchange apps will kill all centralized exchanges.

I'm right there with you.

Institutional investors will benchmark CB to DeFi protocols and realize how productive this sector within crypto is. I think this will help DeFi blossom this summer.
 
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Here's my advice for you -- quit thinking about it and just play around with it. Here's a fun little experiment you can run within a couple of minutes.

Go check out the below coordinates on Crypto Voxels - which is a mine-craft like web-based runtime environment in which users can interact with each other and other web3 elements.


There you will find an exhibit by The Dematerialised, which is an NFT marketplace for digital fashion and more. This brand runs on a new blockchain engine called LUKSO, which brings in a new ERC standard for NFTs. Simply put, it enables digital profiles vs what people have today, which is a simple public/private key pair for their cryptographic assets.

Feel free to roam around in Crypto Voxels and try to get a feel for the culture. If what you see in this universe doesn't pique your interest, then look no further and save all the time and resources you waste researching crypto.

If you want to know how deep the rabbit hole goes --> get an ETH wallet on MetaMask, load in a few hundred bucks, and start playing around across different Web3 applications.

Want to know what the price of an asset should be? Start using it, start engaging with other people that use it, learn as much as you can, and see if you recognize any patterns. Then it's up to you as to how you want to value things.

When Bitcoin was $100 for the first time, you could have argued the exact same thing you're arguing now - is it overpriced? is it too late? did you already miss it? are you too late? is this all a scam?

Today, the marketplace looks very different than it did thru 2015-2017. Back when smart-contracts were barely making an entrance, most ideas were still hype about what could be accomplished with smart-contracts. This summer showed the world that DeFi is f*cking huge and is not going anywhere. DeFi is in my opinion the first real use-case example of smart-contracts and how powerful they can be, and it will only exponentiation from here

The world is constantly struggling to keep up with the latest developments. By the time the VISA announcement hits on CNBC, you're no longer early to the party. Everybody knows. If you want to know what's undervalued, overvalued, game-changer, or complete bullshit, you need to get your hands dirty and play with the thing.

None of this is any financial advice - just trying to show you another perspective.
@AceVentures

The first link (CryptoVoxels) you shared just blew my mind - and it gave me the incentive to dive deep into learning more about De-Fi and NFT (which I was procrastinating for weeks...)

The opportunities that this industries (and other upcoming ones) will allow in this next decade are AMAZING!

These will be truly blessed years for us, entrepreneurs.

Thanks for sharing your thoughts, brother. These insights are much appreciated!

Ps: What a time to be alive!
 
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Quick question for the group.

I'm interested in understanding the technicalities of ETH for building a DApp, soon in the future.

Any video series recommendations, etc? It's kind of a "Don't know where to start" scenario.
 

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Bought a Ledger Nano X, I want to learn more.
 
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Frinys

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Quick question for the group.

I'm interested in understanding the technicalities of ETH for building a DApp, soon in the future.

Any video series recommendations, etc? It's kind of a "Don't know where to start" scenario.

I do not have any useful links, but it would help if you could provide us with some more information. Most importantly, do you have any programming experience?

A DApp is simply just a smart contract. To build a DApp for Ethereum, you need to learn the Solidity programming language. Solidity is quite easy to learn if you already know another programming language. If not, you should consider doing a JavaScript course first. That way you can learn some programming fundamentals without having to care for blockchain details. You will need to know JavaScript when building the frontend of your DApp anyways.

I learned Solidity at a local event where we created a CryptoKitty clone. That was a great first project since we knew from the start what we were building. You may consider starting the same way, for example by using this medium tutorial. When this is done, you should have enough knowledge to work on your own DApp and use google when you get stuck.
 

AceVentures

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Quick question for the group.

I'm interested in understanding the technicalities of ETH for building a DApp, soon in the future.

Any video series recommendations, etc? It's kind of a "Don't know where to start" scenario.

Clone some repositories from GitHub, open up some scripts and see how everything is pieced together.

You can also learn by reading up on certain issues on GitHub. This one for example gave me some perspective on flashbots, which is a hot topic especially among miners as we approach EIP1559.

ethereum.org --> can't think of a better resource. Go straight to the docs and the community.

Read Vitalik's blog posts. These will give you perspective on what the latest issues are.
 

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