This is how I originally envisioned NFTs when I learned about the technology a couple years ago. Fortnite skins, weapons/characters in shitty P2W games, and online TCG cards. Not ape JPEGs.The NFT thing is absolutely a bubble. I think there are some legitimate use cases but right now the scene is so stupid. There are some cool art projects with it but the NFT aspect is kind unnecessary. NFTs will probably continue to be used after the initial hype bubble bursts for use in gaming, perhaps among other targeted applications.
A couple good (amateur) analysts I know think that crypto will crash this year but likely have one last run in the first couple months of this year. They were projecting Bitcoin hitting around 70-80K before crashing to as low as 15. Seemed pretty realistic to me.The crypto market is stagnant right now. Not sure whether we're going to go into another bear cycle or hit new all time highs in the next couple of months. It's not a good time to get into it right now though. I'm bullish on crypto/blockchain long term though.
I have been doing the same and getting very depressed. I had to start with less than 1k so its taking forever to make anything. I wish I had learned to program or another trade I could do remotely.my life right now -
sometimes i hug my knees and rock back and forth between the drinking and the sleeping.
it scares me that all my "wealth" is virtual but what can i do about it
I bought ATOM at $14 over the summer but sold before it took off. I made some money on it a few weeks ago buying at $20 and selling around $30. I now fear it might never drop back to those levels. I think ATOM, MATIC, Celo, Algo, Solana, and MANA will continue to do well. I might buy more Celo on the next dip. If people haven't looked into Celo, check it out. You can stake the Cusd stable coin using Valora wallet for 50% annual rewards; it also allows you to buy gift cards using Cusd.ATOM has been on a wild ride this past year.
I hold ATAI shares and averaged down to about $7.99/share. The stock has been tanking the entire time I've owned it. I wish I would've bought puts on it a few months ago but now I feel it might rebound. It seems Compass Pathways is a better investment.I've always been bullish on cryptocurrency but right now I'm more skeptical of it than ever. While I like Ethereum long-term, this NFT shit is fucking ridiculous and many altcoins are probably going to crash hard this year. I don't see Bitcoin remaining dominant either, would be surprised if it's not dethroned in 2-5 years by Ethereum or another coin. Monero has great technology behind it but has been crippled by its removal from most fiat exchanges.
Just throw your money into VTI like Warren Buffett always says, and/or a nice small-cap value fund like AVUV. Put a little bit into psychedelic stocks/the ETF (PSYK) if you want a nice little lottery ticket. Then maybe get some shares/LEAPS of a few stocks you like and you're set.
As for which individual stocks I like: I believe my biggest non-ETF holdings right now would be options in F, DOCU, AMD, and MU. Also have shares in ATAI, MNMD, and AXSM amongst a few others.
I have been doing the same and getting very depressed. I had to start with less than 1k so its taking forever to make anything. I wish I had learned to program or another trade I could do remotely.
Fkn banking over here on LPHM. I'm up 457% on my position right now. I owned 1% but just sold some.
I'm seeing a lot of Solana talk lately, how's that going?
Bitcoin seems to be falling along with U.S. equities. It's been a rough week for the portfolio.
i have a little bit of SOL
it's in the shitter with everything else....but it does have super cheap gas fees and it's super fast....and Mike Tyson says he's "all in" on solana