Even if their predictions are unfounded, won't the specter of Recession be enough to prevent a bullrun?

I know none of know shit about fuck, but with so many crises happening worldwide, and so many potential crises pending, how can we expect anything better than a crabwalk until we're on the other side of things ('24? '25?).

No fud here - I'm invested for the long haul regardless. But another post claiming "the bullrun will come when we least expect it" just has me thinking....how though?

Sure, some projects will spike with good news, but I'm having trouble seeing anything but bears for the forseeable future. I know we'll correct eventually (and in a big way), but where are you guys finding hopium for the next ~18 months with all that's going on?

GAS is the staking token for NEO. NEO, which as far as I know, is primarily an alternative to ETH or Solana or Cardano, building up a smart contract network and giving the space more competition. I own a couple of those staking tokens, but I'm ultimately not sure how to look at it and NEO in general.

Recently, NEO moved to the N3 network, which is good because it means the project still is being worked on and upgrades to the coin + token is still in the pipeline. The one thing that concerns me is the longevity of the project.

NEO itself is in the top 100 coins/tokens on CoinGecko (#81), with GAS being ranked at #524. In comparison, Solana is ranked #6 with MSOL being ranked #118. I can understand that because it is a smaller coin, its token is going to be less popular. The thing that scares me is that with Solana, it's only about 110 points apart from its staking token, while NEO is at ~440 points apart.

I also watched a video by CoinBureau recently that highlights 2 things that concerns me about NEO and GAS long term. 1. Is that NEO is working on an NFT chain, and 2. Is that NEO and GAS have both risen sharply at first, but then didn't experience much growth until it spiked again (not as high) within the last year. He stated that if a project has either started on an NFT network or hasn't experienced an upward growth pattern, it's a red flag.

So that has me really skeptical on the potential for growth or being able to profit off holding either coin or token. The one thing that has me on the fence is that it it could pump again like it has before (at launch and with the N3 network announcement). Also looking at CoinGecko, both coin and token have a good amount of people liking them, so it's not like they don't have a fan base. I am not sure if people are not staking at the moment or if it's just a temporary thing, but I'm getting mixed signals on what to do. I'm considering moving my tokens in Litecoin instead.

So that brings me to the end of the post and wondering what are your thoughts and opinions on the profitability and/or potential success of NEO and GAS? Maybe one of you know more about this than I do.

NEO

GAS

NEO Roadmap

When the market is up, nearly EVERY crypto is up, and when the market is down, nearly EVERY crypto is down.

Now, Wall Street has it's days where winners or losers outpace the others 3 or 4 to one. I understand that markets get hot and go cold and you'll see a lot of stocks go up or down, or on some days entire industries see every stock in that industry go up, or certain commodities related to good or bad weather can follow each other when crop reports are released, but these are momentary events. Every good day for crypto is a good day for nearly every coin listed for sale on the open market and vice versa.

Therefore, the market isn't distinguishing between which coins are good, bad or meh. All the market is doing is speculating on crypto as a whole.

Any coin that isn't a scam can get released when crypto is on a hot streak and that ICO will be big.

Given this, how valuable will any of these coins be in the future? If the market doesn't differentiate between any of them, doesn't that mean they'll all fail or they'll all succeed, and if they all succeed, is that a good thing? We really need 300 different currencies that we need to make purchases at various retailers and on various websites?

That seems like way too much to keep track of.

So .... havent dabeled in margin trading yet.

Looking at charts BTC is going on Seppuku trend line and is drooping.

Figured, why the hell not smack 100$ on 3x leverage.Lost money on dumber things.

But the way I miss understood it.I put 100$ on BTC low x3 margin.

If price goes up I owe 3 dollars on every dollar price went up.

There is a separate account that needs to be payed before I can trade further in leverage.But can still trade spot ?

Are all my assets sized ?

Do they come to my house and break my knee caps until I pay ?

EDIT: I did not do anything.

I am curious how the damn thing works.

Much like drugs, shooting people or plowing a pedestrian with a car.
I know generally how it works. But will not participate in endeavor.

Like what happens if it goes "south".
You pay more to keep your position or get liquidated meaning exchange takes your money and that's it ?

​

I see a data arms race in the future, with crypto fusing with equity markets to increase permutations that algorithms can analyze for high frequency trading. Blockchains will provide substantially more tradable scenarios for bots to analyze and trade, especially non privacy focused layer ones. Equity markets are stuck in a different era, speculating on and responding to quarterly reports. On chain transactions and data, for how money moves globally, consumers and corporations spend in between quarterly reports, will provide constant metadata that will make the flow of capital substantially more efficient.

The biggest change that crypto might bring to the world economy is open source and transparent access to data. High frequency trading will be the first to efficiently mobilize, process, and act upon crypto centered data. AI will unlock even more potential.

So a co worker and I talk about hypothetical situations often as a way to pass the time. Like who would win if the '96 Bulls played the 2015 Lakers.

While I don't talk about crypto at work usually, my co worker came out of nowhere with a hypothetical question that I didn't have an answer for.

In his what if question- it was the future and crypto was main stream, and all of a sudden a "terrorist attack" takes out our internet.

My answer was that our money wouldn't disappear we would just not have access to it until we got online again.

My questions today are - Is this a frequently discussed topic? Are there solutions at bay ready for such an event? Is it even possible to disable an entire regions internet access?

SFM is launching its debit card tomorrow. It's already looking SUPER sketchy to say the least.

For starters the user has to pay the processing fee. Which most of the time the store handles that.

It gets weirder when the cards details started to be posted. A Twitter screenshot showed them claiming that the card converts their crypto to fiat at time of transaction. (Other cards don't do this. I.E on CRO you have a debit section and your crypto wallets separate.) Why? Because this will count as a capital gains/loss.

There are so many people on that sub that think they'll be able to spend their reflections and enjoy the high life. In reality they are going to get hit with a MASSIVE tax bill at the end of the year (if the price goes up) and most probably won't be prepared for it.

Going to be interesting seeing how it unfolds. Going to be looking forward to u/TNGSystems write up about it once all the details and dust settles

Now I'm just a millennial, i don't have cable TV I actually don't remember the last time I watched it so I'm not to keen on the commericals they usually play, but I'm staying the night at my grandparents house tonight for a family get together and they have cable television, I have already seen about 3 different crypto related commercials in the span of a couple hours, it's clear that crypto is going mainstream at least here in the United States

I wish you all major success. HOLD THE LINE.

So im going to do my best to articulate the information I have come across to paint the picture as to what is going on not just in the market/economy but in the world.

This all piece together in my mind after being part of this community watching the DD put out, various events in not just the world economy but also in the crypto markets.

After watching Ray Dalio’s Principles of Dealing with the Changing World Order (44 minute video) all the things I may detail will actually all get aligned with you as well.

In the video Ray makes great points as to how in order to get a sense of what is going to happen in the future you have to look at the past and present not as completely different but as a road map to outline to see where we are.

Taking into consideration the high amount of debt US and households are in with the increased borrowing through the pandemic and still. US interest rates being at near zero. Large levels of gov printing of money. Current polarizing political state.

We are heading towards a huge shift in changing world powers, i.e. China becoming the new world power. With all of this in play big money and investors are scrambling to find where to put their money to keep it safe. This is where crypto comes into play.

China completely banned crypto from its bothers as they saw the coming threat. The US as always has been slow to catch up so it has allowed the crypto market to boom as it has now grown to a power house. We thought the executive order was going to crack down but in reality it is basically setting up the US to review Crypto for everything that it is.

My speculation is that given the US and smart investors understand what is coming they are looking into moving their money and investment into Crypto/Bitcoin to keep China from becoming the new world currency. While doing this the US is poised to benefit by tying itself to crypto and becoming the reserve currency thus maintaining power as the fiat equivalent.

Maybe the people claiming we're still early don't know shit about fuck, but the people claiming we're not early anymore also don't know shit about fuck. Anyone who says we're not early has no idea how the financial system actually works and how tech has influenced it over the years.

Here's what I see as the history of the internet:

Web 0:

We're balancing our checkbooks on pen and paper, and the bank is pretty much a place with guns and concrete (theoretically) for people to store their paper cash. In this day and age, we know that this is obviously centralized and subject to manipulation by certain actors in the system.

Web 1:

We first invent TCP/UDP as foundational internet protocols, and come up with some scheme for a HTML/CSS website to use it to talk to a database; the websites are pretty much just text and JPEGs, maybe some Flash content. All of this stuff runs on mainframes hosted by individual companies on-premise, where the IT guys can debug.

Web 2:

We figure out how virtual machines work, i.e., how people can split computers into smaller computers that are isolated from each other, and Amazon uses the technology to launch Amazon Web Svcs. (AWS). The advantage now is that a developer doesn't have to plug in servers; they can just log into the web UI and spawn 10,000 virtual machines that have 99.99% guaranteed uptime! Need to store your files securely? No problem! We'll use Amazon S3, which is kinda like Dropbox, except for developers, and has 99.999999999% SLA for uptime; in other words, the service is down for at most 0.0000000001% of the time!

An evolved model of this is that you don't even need to pay for the computer, but only pay for the service you're using depending on how often you use it. For example, you can run a network between your computers and only pay for the amount of traffic that they send to each other; combine this with a database-as-a-service (DBaaS), which automatically adds more computers as more people start using your application, and you have significantly lower costs for development than in Web 1.

Web 3:

Bitcoin, Ethereum, Polkadot, Polygon, Solana, Avalanche, Algorand, Cardano... We know the story...

The Future:

This whole narrative relies heavily on the cost of using tech and interacting with the digital economy going down. In Web 2, tech giants like Amazon and Microsoft were essentially defined by their ability to provide a complete ecosystem for you to do anything you can imagine with a computer without ever having to interact with more than 1-3 physical computing devices. Now, Web 3 allows us to transact and build what was previously thought of as a sovereign state from the ground up in a digital economy, and the wealth in Web 3 is decentralized by design.

It's going to take 25-50 years for this to play out, IMO; we still haven't even seen Web 1 & 2 play out completely yet; remember that the US banks are largely on (Web 1)-style mainframe servers, and that there are systems in places like Africa where even Web 1 isn't yet the norm.

TL;DR: Keep stacking your bags with whatever you believe in, we're still early