Bitcoin / Cryptocurrency Discussion (And Predictions)

Ocean Man · Aug 17, 2021

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Ing · Aug 18, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 60847" data-quote="Ocean Man" data-source="post: 958884" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=958884" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-958884">Ocean Man said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Just saw a news article yesterday, a CEO in Korea has a startup which allows investors to buy fractional parts of real-estate in Korea. They supposedly use a private blockchain for the transaction history and such.<br /> <br /> I hate the idea of what he’s doing, but interesting to see him using an aspect of blockchain. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Imo thats a great idea to use Cryptos. <br /> I d like to know how to do that.</div>

Ocean Man · Aug 18, 2021

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Ing · Aug 18, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 60847" data-quote="Ocean Man" data-source="post: 958921" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=958921" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-958921">Ocean Man said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I mean using it as a record of transactions is good, but I don't like the point of the business being to own fractional parts of a building. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Is it much different to own fractional parts of businesses? (stocks)</div>

MitchC · Aug 18, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 68394" data-quote="Ing" data-source="post: 958940" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=958940" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-958940">Ing said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Is it much different to own fractional parts of businesses? (stocks) </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>I think it’s better than the alternative which is people need to spend years saving for a massive deposit and in the meantime house prices keep increasing. People could instead own a fraction of thier home and then slowly buy out the other owners as their equity increases and as they are able to borrow more money.<br /> <br /> I also think another very good use for this to help the average person is buying a share of commercial property which generally are insanely expensive and impossible to buy for the average person but which also tend to have much bigger rental returns than residential property. It opens these returns up to the average person who has a small amount saved.<br /> <br /> Gary Vee has a podcast episode where he talks about using NFTs to buy fractional property. He also has a lot of other ideas which make a lot of sense in the space. The podcast Is my first million if anyone is interested in listening and learning about where someone who is a massive believer thinks these things are going.</div>

MoneyDoc · Aug 18, 2021

<div class="bbWrapper">I'm going to put $100k into VET tomorrow.<br /> <br /> From reading white papers the past week, I think this is one of the strongest "real" projects out there. The opportunities in supply chain are enormous.<br /> <br /> Plan is to hold until next year.<br /> <br /> <a href="https://www.thefastlaneforum.com/community/members/66764/" class="username" data-xf-init="member-tooltip" data-user-id="66764" data-username="@AceVentures">@AceVentures</a> any thoughts on the project?</div>

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GPM · Aug 18, 2021

<div class="bbWrapper">I like Vet. I don't hold that much, but it pays out vthor for holding it, which you can then trade for more VET</div>

AceVentures · Aug 19, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 24289" data-quote="MoneyDoc" data-source="post: 959047" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=959047" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-959047">MoneyDoc said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I'm going to put $100k into VET tomorrow.<br /> <br /> From reading white papers the past week, I think this is one of the strongest "real" projects out there. The opportunities in supply chain are enormous.<br /> <br /> Plan is to hold until next year.<br /> <br /> <a href="https://www.thefastlaneforum.com/community/members/66764/" class="username" data-xf-init="member-tooltip" data-user-id="66764" data-username="@AceVentures">@AceVentures</a> any thoughts on the project? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I don't know enough about it to offer an intelligent opinion.<br /> <br /> What I do know is that it has a very culty community - which in my experience has been a net benefit to the performance of the token. <br /> <br /> What I don't like as much is the community is not the most intelligent - this is something I really look for in new projects I get into. It has an XRP-ish community behind it. <br /> <br /> If you want to know my advice - better to look at where I put my money instead of my words. My money is concentrated 90% in LYXe.<br /> <br /> Not even trading at this point. Once project mainnets, I'll be validating the network and receiving a staking rewards. No intention of selling. <br /> <br /> After 8-9 months of spray and pray + active trading, I've reconciled everything I know into an infrastructure bet (the bet being that the ERC725 asset class will explode). Doubled down on my conviction and I sleep like a baby every night. <br /> <br /> That's where I stand with alts and where my money's at.</div>

AceVentures · Aug 19, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 70138" data-quote="Zaratustra" data-source="post: 958795" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=958795" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-958795">Zaratustra said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> My intuition is that blockchain can give power to individual guides, instead of them relying on multinational platforms and travel agencies. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> That's it. The bet is that tokenization via powerful abstractions and trustless computing enables peer to peer marketplaces - freeing up capital that's otherwise paid in the form of "tax" to major information/data gatekeepers</div>

AceVentures · Aug 19, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 12657" data-quote="GPM" data-source="post: 958792" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=958792" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-958792">GPM said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Throw it down for the rest of us if you like. I will be honest, I have not looked into and know 0 about NFT's. However, this is all stuff that I will be spending a bit of time on learning one of these days. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I'm gonna piece something together and get back to you. In the middle of a move this week but I haven't forgotten. Just wanna make sure the response is a quality set of resources that don't lead readers astray.</div>

MoneyDoc · Aug 19, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 66764" data-quote="AceVentures" data-source="post: 959158" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=959158" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-959158">AceVentures said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I don't know enough about it to offer an intelligent opinion.<br /> <br /> What I do know is that it has a very culty community - which in my experience has been a net benefit to the performance of the token.<br /> <br /> What I don't like as much is the community is not the most intelligent - this is something I really look for in new projects I get into. It has an XRP-ish community behind it.<br /> <br /> If you want to know my advice - better to look at where I put my money instead of my words. My money is concentrated 90% in LYXe.<br /> <br /> Not even trading at this point. Once project mainnets, I'll be validating the network and receiving a staking rewards. No intention of selling.<br /> <br /> After 8-9 months of spray and pray + active trading, I've reconciled everything I know into an infrastructure bet (the bet being that the ERC725 asset class will explode). Doubled down on my conviction and I sleep like a baby every night.<br /> <br /> That's where I stand with alts and where my money's at. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Last night I actually thought about LUKSO instead of VET. Haven't bought VET yet and I think I won't, definitely not $100k at this point.<br /> <br /> I've been reading about LUKSO all day today, and I can see why you're so adamant in the project. World recognized brand partnerships are sort of imminent at this point. I can't see how it won't happen, especially with the fashion brand(s).<br /> <br /> I think I'll be joining you with a significant holding in LYXe!</div>

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MoneyDoc · Aug 19, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 66764" data-quote="AceVentures" data-source="post: 959158" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=959158" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-959158">AceVentures said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I don't know enough about it to offer an intelligent opinion.<br /> <br /> What I do know is that it has a very culty community - which in my experience has been a net benefit to the performance of the token.<br /> <br /> What I don't like as much is the community is not the most intelligent - this is something I really look for in new projects I get into. It has an XRP-ish community behind it.<br /> <br /> If you want to know my advice - better to look at where I put my money instead of my words. My money is concentrated 90% in LYXe.<br /> <br /> Not even trading at this point. Once project mainnets, I'll be validating the network and receiving a staking rewards. No intention of selling.<br /> <br /> After 8-9 months of spray and pray + active trading, I've reconciled everything I know into an infrastructure bet (the bet being that the ERC725 asset class will explode). Doubled down on my conviction and I sleep like a baby every night.<br /> <br /> That's where I stand with alts and where my money's at. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>I ended up putting $50k in LUKSO & $50k in VET.<br /> <br /> Curious, have you heard about the Coinbase + Binance listing for lukso? Not that I’ll sell when that happens, but would be good to know if it’s likely to happen soon so I can put some trading money into it now as well.</div>

AceVentures · Aug 19, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 24289" data-quote="MoneyDoc" data-source="post: 959184" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=959184" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-959184">MoneyDoc said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I ended up putting $50k in LUKSO & $50k in VET.<br /> <br /> Curious, have you heard about the Coinbase + Binance listing for lukso? Not that I’ll sell when that happens, but would be good to know if it’s likely to happen soon so I can put some trading money into it now as well. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> T1 exchange listing is on the menu. Exchanges list tokens with high volume. Once there's volume - there's a race for every exchange to get it listed in an attempt to capture a share of that volume.<br /> <br /> First up is the L16 testnet launch (within weeks maybe less)<br /> <br /> Mainnet to follow thereafter - I suspect exchange listing will happen at some point during testnet or at latest shortly after mainnet launch. This is based on my estimation for when demand will pick up.</div>

AceVentures · Aug 19, 2021

<div class="bbWrapper">If you simply want to make money trading,, pick something like BTC. It's got the most history, highest liquidity and the largest volume. <br /> <br /> This means for trading purposes, you can work within hourly ranges, daily, weekly and beyond. <br /> <br /> Trading coins with small volume/short history can be tricky because you don't have much to model after in events of price discovery post ATH breakouts.</div>

Antifragile · Aug 20, 2021

Most people write to sound smart when they should write to be useful.

"In war, the victorious strategist only seeks battle after the victory has been won." -- Sun Tzu

Hai · Aug 20, 2021

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AceVentures · Aug 21, 2021

<div class="bbWrapper">While I'm mostly focused on NFTs at the moment - wanted to share an insightful DeFi dashboard for any of yall that are toying with it rn. <br /> <br /> <div class="bbCodeBlock bbCodeBlock--unfurl js-unfurl fauxBlockLink" data-unfurl="true" data-result-id="228001" data-url="https://defillama.com/chains" data-host="defillama.com" data-pending="false"> <div class="contentRow"> <div class="contentRow-figure contentRow-figure--fixedSmall js-unfurl-figure"> <img src="/community/proxy.php?image=https%3A%2F%2Fog-cards-chi.vercel.app%2Fdefault.jpeg%3Ftheme%3Ddark%26valueHeader%3DTotal%2BValue%2BLocked%26footerURL%3D%26images%3Dhttps%253A%252F%252Fdefillama.com%252Fdefillama-press-kit%252Fdefi%252FSVG%252Fdefillama.svg&hash=bc90219e37c5dc6e8a898885f1482175&return_error=1" loading="lazy" alt="defillama.com" class="bbCodeBlockUnfurl-image" data-onerror="hide-parent"/> </div> <div class="contentRow-main"> <h3 class="contentRow-header js-unfurl-title"> <a href="https://defillama.com/chains" class="link link--external fauxBlockLink-blockLink" target="_blank" rel="noopener" data-proxy-href=""> DefiLlama </a> </h3> <div class="contentRow-snippet js-unfurl-desc">DefiLlama is a DeFi TVL aggregator. It is committed to providing accurate data without ads or sponsored content, as well as transparency.</div> <div class="contentRow-minor contentRow-minor--hideLinks"> <span class="js-unfurl-favicon"> </span> defillama.com </div> </div> </div> </div> <br /> The home page has other breakdowns but this page will show you TVL (total value locked) by chain. Something to note here for example is Solana has a huge FDV yet it has barely any DeFi on it. That's pretty telling - DeFi needs a stronger trust layer, so decentralization is much more important for that capital. <br /> <br /> Just a useful way of looking at things - makes you appreciate not every chain is for the same purpose. Solana could for example crush in gaming, and things could certainly change as the network becomes more decentralized, but rn it seems DeFi is looking for the safest chain with most promise for longevity. Makes sense.</div>

LPPC · Aug 22, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 66764" data-quote="AceVentures" data-source="post: 959158" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=959158" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-959158">AceVentures said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I don't know enough about it to offer an intelligent opinion.<br /> <br /> What I do know is that it has a very culty community - which in my experience has been a net benefit to the performance of the token.<br /> <br /> What I don't like as much is the community is not the most intelligent - this is something I really look for in new projects I get into. It has an XRP-ish community behind it.<br /> <br /> If you want to know my advice - better to look at where I put my money instead of my words. My money is concentrated 90% in LYXe.<br /> <br /> Not even trading at this point. Once project mainnets, I'll be validating the network and receiving a staking rewards. No intention of selling.<br /> <br /> After 8-9 months of spray and pray + active trading, I've reconciled everything I know into an infrastructure bet (the bet being that the ERC725 asset class will explode). Doubled down on my conviction and I sleep like a baby every night.<br /> <br /> That's where I stand with alts and where my money's at. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Thank you for mentioning Lukso, it looks interesting. Would you mind giving your thoughts on the following points?<br /> <br /> 1)What do you think of the extra supply that will be released into the market when mainnet launches? From what I understand the total supply in circulation will go from 14 million to 35 million. Wouldn't that lower the price drastically?<br /> 2) Would you say the best time to accumulate is before the t16 testnet and mainnet launch, because after that the price will be much higher?<br /> I don't have any investments in crypto and this will be the only one since the risk to reward ratio over a period of 5 years is very good. I am trying to decide between going all in now or more of a DCA whereby I invest 33% now, 33% when the price dips substantially and the other 33% in a bear market.<br /> On the other hand, since the project is so under the radar and the price right now is so low, it might keep its price in USD even during a bear market since the price in ETH will increase?<br /> <br /> I'm not a trader, so I don't know how well I would execute that plan.<br /> Ofcourse, anything you say is not financial advise <img src="/community/imgs/emoticons/em-wink.png" class="smilie" loading="lazy" alt=";)" title="Wink ;)" data-shortname=";)" /> Thanks!</div>

Bones81 · Aug 22, 2021

<div class="bbWrapper">Bought my first NFT today. Will be interesting to see how this goes. <br /> <br /> <a href="https://opensea.io/assets/0x76be3b62873462d2142405439777e971754e8e77/10185/" target="_blank" class="link link--external" rel="noopener">https://opensea.io/assets/0x76be3b62873462d2142405439777e971754e8e77/10185/</a></div>

Ocean Man · Aug 22, 2021

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MitchC · Aug 22, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 70298" data-quote="Bones81" data-source="post: 959590" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=959590" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-959590">Bones81 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Bought my first NFT today. Will be interesting to see how this goes.<br /> <br /> <a href="https://opensea.io/assets/0x76be3b62873462d2142405439777e971754e8e77/10185/" target="_blank" class="link link--external" rel="nofollow ugc noopener">https://opensea.io/assets/0x76be3b62873462d2142405439777e971754e8e77/10185/</a> </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>When you have some time can you explain the thought process behind buying this?</div>

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AceVentures · Aug 22, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 38501" data-quote="LPPC" data-source="post: 959584" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=959584" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-959584">LPPC said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Thank you for mentioning Lukso, it looks interesting. Would you mind giving your thoughts on the following points?<br /> <br /> 1)What do you think of the extra supply that will be released into the market when mainnet launches? From what I understand the total supply in circulation will go from 14 million to 35 million. Wouldn't that lower the price drastically?<br /> 2) Would you say the best time to accumulate is before the t16 testnet and mainnet launch, because after that the price will be much higher?<br /> I don't have any investments in crypto and this will be the only one since the risk to reward ratio over a period of 5 years is very good. I am trying to decide between going all in now or more of a DCA whereby I invest 33% now, 33% when the price dips substantially and the other 33% in a bear market.<br /> On the other hand, since the project is so under the radar and the price right now is so low, it might keep its price in USD even during a bear market since the price in ETH will increase?<br /> <br /> I'm not a trader, so I don't know how well I would execute that plan.<br /> Ofcourse, anything you say is not financial advise <img src="/community/imgs/emoticons/em-wink.png" class="smilie" loading="lazy" alt=";)" title="Wink ;)" data-shortname=";)" /> Thanks! </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>1)<br /> <br /> As for the supply yet to be release - the team has communicated a bulk of it is to be sold to brands/businesses. Because the network can process transactions on behalf of users, many brands wishing to utilize the network will want their own LYXe treasury to fund their user's transactions/activity wrt their business.<br /> <br /> There is a very good Fabian interview in which he goes over this point but I don't have it at hand - will point back to it once I'm behind my PC. <br /> <br /> 2) <br /> <br /> I can only share my personal opinion. I have no idea what price will do over the next few weeks. Whether it will dip hard before picking back up. But to give you perspective, I packed all my bags at the $4-5 range and was willing to watch the price tank below $2 and hold thru. So at my buy price, I was cool with a further 50+% drawdown in price. <br /> <br /> The way I conceptualize my downside is simple - lukso after mainnet with a live network, staking rewards, and an ecosystem of dapps with brand disclosures SHOULD be worth more than lukso before mainnet. This is the easiest way I've found to think about it and how I've gotten most of my friends to buy in.<br /> <br /> It's always a better idea to DCA in and out. But I'm personally not expecting a major price correction or bear market between today and the time of mainnet, so if you subscribe to my mainnet price > testnet price thesis then now is the time.<br /> <br /> If you don't have crypto exposure - you'll learn very quickly that the volatility can make you lose your mind. If you're a value investor / fundamentalist then LUKSO is a solid buy today. If you're trading and actively managing your portfolio then my advice may possibly lead you to short term volatility you may not like. If you're going to hold for the next few years, then I can't recommend lukso enough.</div>

AceVentures · Aug 22, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 22018" data-quote="MitchC" data-source="post: 959597" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=959597" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-959597">MitchC said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> When you have some time can you explain the thought process behind buying this? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Parallel promises to be a "Magic the Gathering" type of game. The project has seen massive hype as people rush to collect rare playing cards - considering how a cult-like community of Magic the Gathering players continue to hold the value of rare cards many years after inception.</div>

LPPC · Aug 22, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 66764" data-quote="AceVentures" data-source="post: 959620" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=959620" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-959620">AceVentures said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> 1)<br /> <br /> As for the supply yet to be release - the team has communicated a bulk of it is to be sold to brands/businesses. Because the network can process transactions on behalf of users, many brands wishing to utilize the network will want their own LYXe treasury to fund their user's transactions/activity wrt their business.<br /> <br /> There is a very good Fabian interview in which he goes over this point but I don't have it at hand - will point back to it once I'm behind my PC.<br /> <br /> 2)<br /> <br /> I can only share my personal opinion. I have no idea what price will do over the next few weeks. Whether it will dip hard before picking back up. But to give you perspective, I packed all my bags at the $4-5 range and was willing to watch the price tank below $2 and hold thru. So at my buy price, I was cool with a further 50+% drawdown in price.<br /> <br /> The way I conceptualize my downside is simple - lukso after mainnet with a live network, staking rewards, and an ecosystem of dapps with brand disclosures SHOULD be worth more than lukso before mainnet. This is the easiest way I've found to think about it and how I've gotten most of my friends to buy in.<br /> <br /> It's always a better idea to DCA in and out. But I'm personally not expecting a major price correction or bear market between today and the time of mainnet, so if you subscribe to my mainnet price > testnet price thesis then now is the time.<br /> <br /> If you don't have crypto exposure - you'll learn very quickly that the volatility can make you lose your mind. If you're a value investor / fundamentalist then LUKSO is a solid buy today. If you're trading and actively managing your portfolio then my advice may possibly lead you to short term volatility you may not like. If you're going to hold for the next few years, then I can't recommend lukso enough. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Thank you for the detailed reply! Tomorrow will be the day for me to thoroughly think about this. I would love to watch that interview. Has the team also confirmed that will have brand disclosures at the mainnet launch?<br /> <br /> Do you actively DCA in and especially out with your portfolio or do you subscribe to the idea that holding is the most profitable in the long term? And will that strategy be different for you regarding Lukso, as you mentioned you wont be selling and will stake it? I'm curious to the earnings of the staking.</div>

nitrousflame · Aug 22, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 70298" data-quote="Bones81" data-source="post: 959590" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=959590" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-959590">Bones81 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Bought my first NFT today. Will be interesting to see how this goes.<br /> <br /> <a href="https://opensea.io/assets/0x76be3b62873462d2142405439777e971754e8e77/10185/" target="_blank" class="link link--external" rel="nofollow ugc noopener">https://opensea.io/assets/0x76be3b62873462d2142405439777e971754e8e77/10185/</a> </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>I also have one of these same cards. I think Parallel is solid in general, but an SE with reference to Olympus? I had to have one.</div>

AceVentures · Aug 23, 2021

<div class="bbWrapper">Visa just bought a cryptopunk LOL. I wonder if Mastercard is going to buy a rock next? Maybe PayPal to buy up all the floor penguins? Hahahaha this clown world gets more ridiculous every day.</div>

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AceVentures · Aug 23, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 38501" data-quote="LPPC" data-source="post: 959622" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=959622" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-959622">LPPC said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Thank you for the detailed reply! Tomorrow will be the day for me to thoroughly think about this. I would love to watch that interview. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Ok here's a solid set of resources for all things related to LUKSO. Keep this channel at hand and review frequently as the community updates this archive with the latest and greatest. I believe the interview as well as questions about token distribution are addressed in this archive.<br /> <br /> <a href="https://t.me/luskoarchive" target="_blank" class="link link--external" rel="noopener">Telegram: Contact @luskoarchive</a><br /> <br /> <blockquote data-attributes="member: 38501" data-quote="LPPC" data-source="post: 959622" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=959622" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-959622">LPPC said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Has the team also confirmed that will have brand disclosures at the mainnet launch? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Not officially but In LUKSO's teaser of the app there are many clues as to what brands will likely be using the network. Read the <a href="https://medium.com/@luksolukson/the-lukso-digital-wallet-94057e1a80af" target="_blank" class="link link--external" rel="noopener">following article</a> one of the community members wrote today - it goes over the LUKSO digital wallet app which is to be released at mainnet.<br /> <br /> Sneak Peak of the article:<br /> <br /> <a href="https://www.thefastlaneforum.com/community/attachments/1629733353484-webp.39585/" target="_blank"><img src="https://www.thefastlaneforum.com/community/data/attachments/36/36215-ad66b6afd41829e8d4646206b909d630.jpg?hash=UDg4Ph13PS" class="bbImage " style="" alt="1629733353484.png" title="1629733353484.png" width="200" height="329" loading="lazy" /></a><br /> <a href="https://www.thefastlaneforum.com/community/attachments/1629733423497-webp.39586/" target="_blank"><img src="https://www.thefastlaneforum.com/community/data/attachments/36/36216-6e037e1a84042294cb7de447a7e2ffd2.jpg?hash=fuDX9Gh7dv" class="bbImage " style="" alt="1629733423497.png" title="1629733423497.png" width="200" height="520" loading="lazy" /></a><br /> <br /> <blockquote data-attributes="member: 38501" data-quote="LPPC" data-source="post: 959622" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=959622" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-959622">LPPC said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Do you actively DCA in and especially out with your portfolio or do you subscribe to the idea that holding is the most profitable in the long term? And will that strategy be different for you regarding Lukso, as you mentioned you wont be selling and will stake it? I'm curious to the earnings of the staking. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I am not DCAing in or out - I subscribe to the idea that holding+staking is the strategy.<br /> <br /> Here's a quick overview of what things can look like with staking:<br /> <br /> Imagine a $1M portfolio size. a 10% staking reward yields $100k/year in token rewards. Assuming lukso prices do not go up, that is still a sizeable $100k/year income strictly from validating the network (gloriously satisfies commandment of time).<br /> <br /> If the underlying skyrockets 10x - your now $10M portfolio size with perhaps a more competitive validator landscape yielding a 6% staking reward now nets you $600k/year income. Again, you never have to sell the underlying.<br /> <br /> Now assume you want to do something with that accrued wealth. Solution? Borrow against it.<br /> <br /> $1M out of your $10M portfolio of LUKSO can be used as collateral, and you can take a safe $100k loan against this collateral. In fact, you can use self-paying loans to do this. Meaning you put your $1M lukso as collateral, and you borrow $100k cash to use for whatever you wish. Your $1M collateral is used by the self-paying-loan-protocol across safe-yield assets, using the yield to pay off your own debt. Whenever the loan is paid off by the protocol, your $1M collateral is released back to you from the smart-contract. This idea is relatively new - the essence is that you can "front" future yield today. <br /> <br /> If the price of the underlying skyrockets even more, you have never needed to sell and you can reap the long-term benefits that come from participating in an exponentiating network. In the interim, you had staking rewards as income and you were able to borrow against the underlying for large purchases if you had wished to do so.<br /> <br /> And that, my friend, is the SIMPLEST form of playing the game. Next up would be to use the LUKSO you have and create businesses around it. You could become your own "gas-station" that offers to pay for users transaction costs across the network in exchange for them to perhaps view an add, or perhaps subscribe to a newsletter, or any other campaign you wish to execute. Human capital and attention in exchange for transaction costs across the network.<br /> <br /> There are more emerging business models but this is where my head is at currently.</div>

Ing · Aug 23, 2021

<div class="bbWrapper">Well, Im not smeet enough to check this all. But I hope my LUkSo will make something good.</div>

LPPC · Aug 24, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 66764" data-quote="AceVentures" data-source="post: 959775" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=959775" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-959775">AceVentures said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Ok here's a solid set of resources for all things related to LUKSO. Keep this channel at hand and review frequently as the community updates this archive with the latest and greatest. I believe the interview as well as questions about token distribution are addressed in this archive.<br /> <br /> <a href="https://t.me/luskoarchive" target="_blank" class="link link--external" rel="nofollow ugc noopener">Telegram: Contact @luskoarchive</a><br /> <br /> <br /> <br /> Not officially but In LUKSO's teaser of the app there are many clues as to what brands will likely be using the network. Read the <a href="https://medium.com/@luksolukson/the-lukso-digital-wallet-94057e1a80af" target="_blank" class="link link--external" rel="nofollow ugc noopener">following article</a> one of the community members wrote today - it goes over the LUKSO digital wallet app which is to be released at mainnet.<br /> <br /> Sneak Peak of the article:<br /> <br /> <a href="https://www.thefastlaneforum.com/community/attachments/39585/" target="_blank">View attachment 39585</a><br /> <a href="https://www.thefastlaneforum.com/community/attachments/39586/" target="_blank">View attachment 39586</a><br /> <br /> <br /> <br /> I am not DCAing in or out - I subscribe to the idea that holding+staking is the strategy.<br /> <br /> Here's a quick overview of what things can look like with staking:<br /> <br /> Imagine a $1M portfolio size. a 10% staking reward yields $100k/year in token rewards. Assuming lukso prices do not go up, that is still a sizeable $100k/year income strictly from validating the network (gloriously satisfies commandment of time).<br /> <br /> If the underlying skyrockets 10x - your now $10M portfolio size with perhaps a more competitive validator landscape yielding a 6% staking reward now nets you $600k/year income. Again, you never have to sell the underlying.<br /> <br /> Now assume you want to do something with that accrued wealth. Solution? Borrow against it.<br /> <br /> $1M out of your $10M portfolio of LUKSO can be used as collateral, and you can take a safe $100k loan against this collateral. In fact, you can use self-paying loans to do this. Meaning you put your $1M lukso as collateral, and you borrow $100k cash to use for whatever you wish. Your $1M collateral is used by the self-paying-loan-protocol across safe-yield assets, using the yield to pay off your own debt. Whenever the loan is paid off by the protocol, your $1M collateral is released back to you from the smart-contract. This idea is relatively new - the essence is that you can "front" future yield today.<br /> <br /> If the price of the underlying skyrockets even more, you have never needed to sell and you can reap the long-term benefits that come from participating in an exponentiating network. In the interim, you had staking rewards as income and you were able to borrow against the underlying for large purchases if you had wished to do so.<br /> <br /> And that, my friend, is the SIMPLEST form of playing the game. Next up would be to use the LUKSO you have and create businesses around it. You could become your own "gas-station" that offers to pay for users transaction costs across the network in exchange for them to perhaps view an add, or perhaps subscribe to a newsletter, or any other campaign you wish to execute. Human capital and attention in exchange for transaction costs across the network.<br /> <br /> There are more emerging business models but this is where my head is at currently. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Thank you very much for all the information and detaild reply.<br /> <br /> Could you explain in layman terms what advantage this project has compared to other NFT projects like Flow?</div>

AceVentures · Aug 24, 2021

<div class="bbWrapper"><blockquote data-attributes="member: 38501" data-quote="LPPC" data-source="post: 959891" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=959891" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-959891">LPPC said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Thank you very much for all the information and detaild reply.<br /> <br /> Could you explain in layman terms what advantage this project has compared to other NFT projects like Flow? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I appreciate helping you bro but you've gotta start doing some leg work yourself. I'm only here to share what I know and help yall out - I don't work for LUKSO marketing lmao. <br /> <br /> The short answer is the ERC725 smart-contract asset + LUKSO being ETH2.0 (ETH execution engine + ETH2.0 Casper consensus mechanism). In essence and in practice, LUKSO becomes the same thing as ETH2.0 albeit it will launch before ETH2.0 AND it will have this revolutionary ERC725 smart contract as its core abstraction layer. Dig thru this thread I've talked about it before. Otherwise read the lukso white paper again. And dig thru the archives I sent you. <br /> <br /> The answer is out there.</div>

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