The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Join free.

Join over 80,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.

Free registration at the forum removes this block.

Bitcoin / Cryptocurrency Discussion (And Predictions)

Antifragile

Progress not perfection
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
453%
Mar 15, 2018
3,708
16,813

Ocean Man

Life-long learner.
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
User Power
Value/Post Ratio
222%
Sep 26, 2018
902
1,998
United States
Screen Shot 2021-12-29 at 2.31.51 PM.png
I still don't fully understand how this platform works. I can't seem to read other peoples posts unless you share your own link. What's the deal here?
Just found this in a Youtuber's video.

I've been looking through the dashboard and it seems like there currently is no "directory" where you can just see posts from other users. Unless... this feature is hidden until you actually join the community by having and burning a $WRITE token? Not sure...

But, if you're an individual creator without a $WRITE token, you're still able to create entries, NFT them, etc... just like I did. You just wouldn't have a unique ENS name (*.mirror.xyz). You'd only be able to share your content by specific link or You'd have to burn a $WRITE token to get that domain.

Maybe they'll implement a directory later or maybe if you have a unique ens .mirror.xyz, you're able to actually go to the person's profile and see their content.
 

Antifragile

Progress not perfection
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
453%
Mar 15, 2018
3,708
16,813
View attachment 41357

Just found this in a Youtuber's video.

I've been looking through the dashboard and it seems like there currently is no "directory" where you can just see posts from other users. Unless... this feature is hidden until you actually join the community by having and burning a $WRITE token? Not sure...

But, if you're an individual creator without a $WRITE token, you're still able to create entries, NFT them, etc... just like I did. You just wouldn't have a unique ENS name (*.mirror.xyz). You'd only be able to share your content by specific link or You'd have to burn a $WRITE token to get that domain.

Maybe they'll implement a directory later or maybe if you have a unique ens .mirror.xyz, you're able to actually go to the person's profile and see their content.


I found this, looks like a real directory.

 

LPPC

Bronze Contributor
User Power
Value/Post Ratio
85%
Mar 6, 2016
394
336
32
For all newbies... I was wondering how to approach investing (lump sum vs dollar cost averaging) and decided to do as suggested here:

Why not invest every month once on a dip? So basically DCA, but on dips.
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

MTF

Never give up
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
455%
May 1, 2011
7,560
34,430
Why not invest every month once on a dip? So basically DCA, but on dips.

How can you tell when it's a dip? How big of a dip? Would you resist the temptation to invest more than planned?

It adds too much emotion into the cold DCA method.
 

Lex DeVille

Sweeping Shadows From Dreams
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
597%
Jan 14, 2013
5,351
31,935
Utah
Why not invest every month once on a dip? So basically DCA, but on dips.

The way I interpreted the article is that buying on a schedule automates (as much as possible) the process to keep money moving in, every single month. No need to think about or wait for dips. Definitely don't need to wait for a dip to get started, and that's the point. It does mention that you can try to optimize for other variables though. The purpose is to overcome the psychological challenges associated with buying crypto (i.e. getting started, adding more, and not being paralyzed with fear the whole time or making poor decisions due to FOMO.
 

LPPC

Bronze Contributor
User Power
Value/Post Ratio
85%
Mar 6, 2016
394
336
32
The way I interpreted the article is that buying on a schedule automates (as much as possible) the process to keep money moving in, every single month. No need to think about or wait for dips. Definitely don't need to wait for a dip to get started, and that's the point. It does mention that you can try to optimize for other variables though. The purpose is to overcome the psychological challenges associated with buying crypto (i.e. getting started, adding more, and not being paralyzed with fear the whole time or making poor decisions due to FOMO.
For sure it's really good for your mental health and most people will be scared to invest when it dips. So for most people DCA as per that article is the best way. But if you have some mental toughness, then I think DCA on dips is better.


How can you tell when it's a dip? How big of a dip? Would you resist the temptation to invest more than planned?

It adds too much emotion into the cold DCA method.
You know that it's a dip when the price gets lower substantially.
How big of a dip is determined by you.

But yeah, as I said above for most people cold DCA is the best. But we here (most of us I hope) on Fastlane forum can handle ourselves pretty well.

If you can execute on DCAing on dips, we can assume you will get lower prices than when you just cold DCA.
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

Timmy C

I Will Not Stop!
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
230%
Jun 12, 2018
2,921
6,727
Melbourne, Australia
How can you tell when it's a dip? How big of a dip? Would you resist the temptation to invest more than planned?

It adds too much emotion into the cold DCA method.

For me I just follow a couple of rules:

Never buy an all time high price.

Buy dips after a 15% drop.
 

robjohn

Contributor
Read Fastlane!
Read Unscripted!
User Power
Value/Post Ratio
69%
Jan 31, 2017
39
27
43
USA
$WAGMI on the Solana blockchain.

Purchase with the Phantom or any other Solana wallet.


Thank me later.

Hi Roli, Can you give a quick summary of how you purchase $WAGMI. Thank you
 

Antifragile

Progress not perfection
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
453%
Mar 15, 2018
3,708
16,813
$WAGMI on the Solana blockchain.

Purchase with the Phantom or any other Solana wallet.


Thank me later.
The issue I have is that with a mere $1k, I can become a “whale”. Seems like a gamble to me. Could you elaborate on why you are confident in the project? Other than the air drop soon coming? Which isn’t a good reason.

Thanks!
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

robjohn

Contributor
Read Fastlane!
Read Unscripted!
User Power
Value/Post Ratio
69%
Jan 31, 2017
39
27
43
USA
I'm hoping Roli can give us a more in depth explanation of why he is confident.
I'm just curious on how to purchase, but I figured it out already (by using Phantom wallet). I havent made up my mind on whether to buy or not!
 

GPM

Legendary Contributor
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
User Power
Value/Post Ratio
376%
Oct 25, 2012
2,067
7,775
Canada
Confidence we are at the peak is at 50

This is the lowest I have seen it since I started paying attention to this number. Interesting as the current price is significant higher than when I started paying attention as well
 

Timmy C

I Will Not Stop!
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
230%
Jun 12, 2018
2,921
6,727
Melbourne, Australia
Confidence we are at the peak is at 50

This is the lowest I have seen it since I started paying attention to this number. Interesting as the current price is significant higher than when I started paying attention as well

Some buy signals have been going for a month already.

I bought quite a bit in December.

The pussy meter looks good below.

IMG_20220103_203337.jpg
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

Hai

Beauty is Truth
Speedway Pass
User Power
Value/Post Ratio
129%
Jan 1, 2015
556
716
34
For all newbies... I was wondering how to approach investing (lump sum vs dollar cost averaging) and decided to do as suggested here:


Careful with a long time-frame for DCA(say 12 months).
If this is the second halftime of this bullrun, then we have an explosive run this year, but absolutely horrendous drawdowns next year. The bigger the run, the bigger the drawdowns.
A blowoff run is to fade, not to DCA into imo.

Of course supercycle theory is still in play. But not until we go into the supercycle halftime, which puts is into goblin town for a few years before continuation in 2025+

#notfinancialadvice
 

robjohn

Contributor
Read Fastlane!
Read Unscripted!
User Power
Value/Post Ratio
69%
Jan 31, 2017
39
27
43
USA
Careful with a long time-frame for DCA(say 12 months).
If this is the second halftime of this bullrun, then we have an explosive run this year, but absolutely horrendous drawdowns next year. The bigger the run, the bigger the drawdowns.
A blowoff run is to fade, not to DCA into imo.

Of course supercycle theory is still in play. But not until we go into the supercycle halftime, which puts is into goblin town for a few years before continuation in 2025+

#notfinancialadvice

But we still haven't started the explosive run correct? Are you saying that its either best to invest lump sun now (instead of DCA for 12 mos and catch a bullrun), or wait until the next drawdown?
 

Hai

Beauty is Truth
Speedway Pass
User Power
Value/Post Ratio
129%
Jan 1, 2015
556
716
34
But we still haven't started the explosive run correct? Are you saying that its either best to invest lump sun now (instead of DCA for 12 mos and catch a bullrun), or wait until the next drawdown?

In my estimate, not yet. If the criterias are an explosive bull run starting now, the simplest strategy would be to put 1/2 in now, and leave 1/2 for DCAing every 2 months in case it dips.
If market gets bullish confirmation, you can DCA into a winning position a bit.
On blowoff volume, you can start to slowly fade a bit(but that's only after multiples....letting winning position run. It wouldn't make sense taking profit only after 2x for example, because then it would be better just to hold).
In any case, you still have ammo at all times.
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

Leo Hendrix

Bronze Contributor
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
61%
Apr 15, 2014
497
304
WWW
My top picks right now:
CRV, NEAR, ROSE, FTM, DUSK.

Do your own research.
Tomb.finance is still doing well. I wish I had got in earlier. I like how they designed the loop with tshares, tbonds and tomb. I'm only staking tshares now and using the tomb earned to get more tshares, I'll get a TOMB-FTM LP soon so I can earn more tshares too.

I think that projects on fantom and terra and their native tokens will do well soon. I haven't really looked into Terra so I can't be too sure ( no real idea) but their stablecoin seems like a popular place for defi users to earn yield on.

Oh and if anyone wants some great/valuable info/strategies on Defi you can check out Route2fi on twitter. Beware though that he does seem to go pretty much full degen into defi, but it's great to learn a lot about what strategies are working now.
 
Last edited:

Timmy C

I Will Not Stop!
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
230%
Jun 12, 2018
2,921
6,727
Melbourne, Australia
In my estimate, not yet. If the criterias are an explosive bull run starting now, the simplest strategy would be to put 1/2 in now, and leave 1/2 for DCAing every 2 months in case it dips.
If market gets bullish confirmation, you can DCA into a winning position a bit.
On blowoff volume, you can start to slowly fade a bit(but that's only after multiples....letting winning position run. It wouldn't make sense taking profit only after 2x for example, because then it would be better just to hold).
In any case, you still have ammo at all times.


Nah bro, we going all-in right now.
I legit did last month. I'll sit on this for 2022 and see what happens.
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

GPM

Legendary Contributor
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
User Power
Value/Post Ratio
376%
Oct 25, 2012
2,067
7,775
Canada
Well Raven has gone up 25% today! I hold a fair bit of these as I have been mining it for a while in anticipation of the halving coming up on the 11th.
 

MJ DeMarco

I followed the science; all I found was money.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
User Power
Value/Post Ratio
445%
Jul 23, 2007
38,079
169,495
Utah
Anyone bullish on Solana as a more efficient replacement for ETH?
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

Timmy C

I Will Not Stop!
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
230%
Jun 12, 2018
2,921
6,727
Melbourne, Australia
Anyone bullish on Solana as a more efficient replacement for ETH?

No.

Solana has gone down too many times. It has centralization issue as there are only really 4 main nodes despite them saying they have thousands.

However, I do have a small position for the mid term.

My bet is that new users will likely go to things like SOL/AVAX/DOT/MATIC as transaction fees are much lower, so I except a run in 2022 but I will be cutting it loose by end of 2022.
 

NewManRising

Silver Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
147%
Oct 30, 2017
484
711
Los Angeles
Essentially it's on the Sol network and big things are going on at the moment.

$WAGMI are launching their gaming token $WAGMIX on the 3rd of Jan and are doing an airdrop to anyone holding more than 33k and are farming on Aldrin.

The token itself can be staked to add liquidity to swap pools. I'm just finding out about the joys of that, the interest is very impressive.

The platform is planning on releasing a bunch of games as I said and also a casino, then next to that a decentralised exchange (DEX), whereby using the WAGMI token will give you loads of benefits.

at the moment WAGMI is around 0.00081 Sol I personally have over 500k and am looking to get to 1m in order to unlock loads of whale benefits.

Obviously do your own research.

I recommend following them on Twitter and from there you'll get the Discord link. Definitely jump into their Discord as you'll get firsthand news about comps and airdrops.

Lastly we are in an uptrend, we have gone from just under 0.00020 to where we are now in about 2 weeks.

$WAGMI to the moon baby!
Sounds too much like a pump and dump. There are 100s of these projects out there that promise a bunch of shit.
 

Timmy C

I Will Not Stop!
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
230%
Jun 12, 2018
2,921
6,727
Melbourne, Australia
Sounds too much like a pump and dump. There are 100s of these projects out there that promise a bunch of shit.
Obviously.

Look at the name FFS
WAGMI (We All Gonna Make It)
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

YanC

Silver Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
297%
Sep 18, 2017
258
765
32
France
Anyone bullish on Solana as a more efficient replacement for ETH?
I wouldn't say a replacement and not only Solana (rather SoLunAvax as crypto twitter says), the future looks multichain to me. Quite new to that stuff so I don't know WTF I'm talking about though.

What I can say as a beginner commiting only a small amount of money for now, is that using ETH feels like you're giving up an arm or a leg every time you do anything. Those who were super early and / or have large quantities may not care, but for newcomers and future average users, it's a different story IMO.
 

MTF

Never give up
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
455%
May 1, 2011
7,560
34,430
I wouldn't say a replacement and not only Solana (rather SoLunAvax as crypto twitter says), the future looks multichain to me. Quite new to that stuff so I don't know WTF I'm talking about though.

What I can say as a beginner commiting only a small amount of money for now, is that using ETH feels like you're giving up an arm or a leg every time you do anything. Those who were super early and / or have large quantities may not care, but for newcomers and future average users, it's a different story IMO.

My uneducated opinion is that once Ethereum solves its problems (and it'll happen, don't bet against the geniuses), these other solutions, while probably won't go to zero, won't be used by those who want most liquidity, safety, and reputation. Unless they offer something completely different (speed alone isn't that valuable IMO) and don't compete with Ethereum, I don't see them as a safe bet.

Most of that stuff relies on Ethereum anyway so why not get direct exposure to the #1 platform?

This, plus Lindy effect.
 

YanC

Silver Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
297%
Sep 18, 2017
258
765
32
France
My uneducated opinion is that once Ethereum solves its problems (and it'll happen, don't bet against the geniuses), these other solutions, while probably won't go to zero, won't be used by those who want most liquidity, safety, and reputation. Unless they offer something completely different (speed alone isn't that valuable IMO) and don't compete with Ethereum, I don't see them as a safe bet.

Most of that stuff relies on Ethereum anyway so why not get direct exposure to the #1 platform?

This, plus Lindy effect.
Yes, I pretty much agree and have both SOL and ETH in my portfolio.
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

TinyTim

Bronze Contributor
Speedway Pass
User Power
Value/Post Ratio
164%
May 1, 2016
143
234
29
The World
The thing with SOL and other competing L1s is that it's all about speed and low fees.

However, with Loopring and other L2s (plus sharding), Eth transactions will soon only be cents.

So, would you rather use a decentralized Ethereum network via L2, or a more centralized Solana network?

I'm not saying these other L1s won't be successful - I just don't buy the "Ethereum killer" arguments.
 

SharpeningBlade

Bronze Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
201%
May 26, 2021
94
189
San Francisco, CA
Not too sure about Solana, but they just had a DDoS attack on the network last month. So with any new chain you have risk. All of these concepts like Proof of Stake, Proof of History, etc., are simply untested experiments. Proof of Work is tried and tested. Bitcoin has 12+ years of history and has never been hacked except for maybe 1 or 2 exploits that were fixed very early on in the project.

Right now Solana has almost double the market cap of Polkadot. Polkadot development is moving along very nice and this year could be a big year for it. A 20x return from DOT right now puts the market cap at a little over half a trillion, slightly more than eth at the moment. The team behind DOT is super low key and has good crypto-anarchist principles.

If we look at percentage of global economy, vs the crypto market, you have a lot of numbers from 40 Trillion to 400 Trillion - for illustration let's just settle around $93T number by the IMF in 2021.

With that number, the current crypto market is about 2-3% of the global economy. As nation states begin to dissolve and the value of their currencies become debased, more people will put their money into the crypto market as a safe haven. By the end of the decade we may have a case where the total crypto market cap has at least tripled.

The era of the national currency has had a good run.

The cities and countries of the future will compete with each other based on quality of life benefits, tax benefits, infrastructure, etc. They will not so much seek to collect taxes as to attract the wealthy through various incentives.

You can already see El Salvador doing this, as well as some red leaning states in the US, and a couple countries in Europe.

As always, caution is always good. I expect that there will be many wallet hacks and exploits and scams and probably substantial corrections. A solar flare for instance would temporarily wipe out the crypto market and but probably create an insane buying opportunity.
 
Last edited:

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Guest post submissions offered HERE.

Latest Posts

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Top