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Hi, I'm holding Fantom (FTM) From 18 December 2024, the Fantom Foundation has been migrating the Fantom token to the Sonic (S) token on the Sonic network. I have seen conflicting advice as to what to do, do I need to switch my FTM to Sonic or can I just leave it in my cold wallet as is?
Thanks for any info.
PS as an after thought, your opinions regarding this project would also be appreciated.
Thanks for any info.
PS as an after thought, your opinions regarding this project would also be appreciated.
Is this the Sonic that recently seemed to be rumored to be another successful coin in the crypto market that made a splash and there are also many communities supporting it and partners who are known in this field industry. I think what the instructions they are giving now is that you should migrate so that the effort you believe in Ftm is not wasted, just follow it op.
Then again, I don't see anything bad about this Sonic if it's still good for your assets and then the important thing is to still stay in the end so that you can get a good profit from it, right?
I've just sold all my FTM while I still can without migrating to Sonic. I just think there are better projects out there, I don't want to take a gamble on Sonic
⭐ Merited by FinneysTrueVision (1)
Thanks for all the replies and advice. I will swap the FTM for S and hopefully make some money!
Cheers
Cheers
Hi, I'm holding Fantom (FTM) From 18 December 2024, the Fantom Foundation has been migrating the Fantom token to the Sonic (S) token on the Sonic network. I have seen conflicting advice as to what to do, do I need to switch my FTM to Sonic or can I just leave it in my cold wallet as is?
Thanks for any info.
PS as an after thought, your opinions regarding this project would also be appreciated.
Thanks for any info.
PS as an after thought, your opinions regarding this project would also be appreciated.
Hi everyone,
i'm wondering which app do you use for tracking price and amount of your coins?
I use cointracking but i'm not sure anymore it's the best.
Any advice?
Thank you!
i'm wondering which app do you use for tracking price and amount of your coins?
I use cointracking but i'm not sure anymore it's the best.
Any advice?
Thank you!
CoinGecko
There are several projects using STX ticker listed on CoinMarketCap.
Could you clarify which specific STX project you’re referring to?
Could you clarify which specific STX project you’re referring to?
Stacks, a layer 2 on the Bitcoin blockchain
Hi, I've been holding STX for about a year now. It did have a good run along with all other crypto at the end of 2023 and then put in a reasonable performance during the Trump pump but nothing spectacular in November.
Seems to me very few are talking about about this project now. Seemed to me when I invested that layer 2 smart contracts on BTC would have a strong use case. Doesn't look like that narrative is widely shared. Should I switch to a more narrative driven coin, like something in AI? I get the feeling I would have a similar gain from holding BTC with a lot less risk. What are your thoughts?
Thanks
Seems to me very few are talking about about this project now. Seemed to me when I invested that layer 2 smart contracts on BTC would have a strong use case. Doesn't look like that narrative is widely shared. Should I switch to a more narrative driven coin, like something in AI? I get the feeling I would have a similar gain from holding BTC with a lot less risk. What are your thoughts?
Thanks
I'm sure scalability in blockchain has been a hot discussion, and projects that have been pushing the envelope are the ones to watch. Months ago, Vitalik spoke highly of Fuel network, acknowledging their role as one of the two stage 2 rollups and the innovative approach they’re taking with alternative virtual machine designs.
Source: https://x.com/VitalikButerin/status/1838862177824051712
The fact is they are aiming to solve some of the biggest challenges in blockchain like speed, cost, and efficiency all while ensuring decentralization. Just recently, their introduction to native token sparked a lot of discussions, and I’m sure it’s because Fuel is positioning itself to be a key player in the scalability conversation.
Tho I think this kind of experimentation and forward-thinking is exactly what we need to see more of in this space. Do you guys think this is exactly the direction blockchain should be heading?
Source: https://x.com/VitalikButerin/status/1838862177824051712
The fact is they are aiming to solve some of the biggest challenges in blockchain like speed, cost, and efficiency all while ensuring decentralization. Just recently, their introduction to native token sparked a lot of discussions, and I’m sure it’s because Fuel is positioning itself to be a key player in the scalability conversation.
Tho I think this kind of experimentation and forward-thinking is exactly what we need to see more of in this space. Do you guys think this is exactly the direction blockchain should be heading?
Looking at this from another angle, until buying crypto becomes more user friendly then all the scalability in the world isn't going to attract the man in the street to use it.
What with negotiating 'crypto speak' and the complexities of buying, holding and dealing with crypto become far easier to do. I really can't really see my auntie Edna buying bitcoin! 😉
Re: Is It Better to Transfer Coins to Exchanges Now or Later?
Coinbase, which I'm not a big fan of, goes down, it'll be because of something like what FTX was doing. And if so, whatever deity you pray you, help us all.
Why? 
Coinbase may look big but it is not big enough to have as significant an effect as MtGox had on the price.
Checking https://coinmarketcap.com/rankings/exchanges/ we can see that out of the total $127.58 billion daily volume only 2% of it or $2.6 is coming from coinbase! Only 2%. MtGox back in 2013 had more than 85% of the total daily volume.
If a CEX with 2% of the total daily volume goes down, it will have a small impact like FTX. A temporary hiccup... not the end of the world
If Coinbase collapses the effect will be catastrophic! The knock on effect would be huge. Those without their crypto in a wallet trying to get off all exchanges would cause a run. If Coinbase one of largest, if not the largest, could go down which would be safe?
Plus the repetitional damage to the crypto industry as a whole would take years if not decades to recover from.
I don't think it's going to happen...
Only one I think might do well is STX. Here's my thoughts:
1. IMX
There's too much competition for gaming chains and right now, Avalanche and Ronin network lead the way with games. I think the only banger game Immutable has is Raven Quest while other competitors have more than one banger titles.
Unless sentiment changes and their ecosystem sees more good games join, I think it would continue to underperform. See the growth of AVAX and RON for reference.
2. PYTH: This one is pretty much simple. Chainlink is biggest competitor and has largest market share when it comes to oracles and I believe it would continue to do so unless something big happens and PYTH gets mindshare.
STX should run as Bitcoin runs.
1. IMX
There's too much competition for gaming chains and right now, Avalanche and Ronin network lead the way with games. I think the only banger game Immutable has is Raven Quest while other competitors have more than one banger titles.
Unless sentiment changes and their ecosystem sees more good games join, I think it would continue to underperform. See the growth of AVAX and RON for reference.
2. PYTH: This one is pretty much simple. Chainlink is biggest competitor and has largest market share when it comes to oracles and I believe it would continue to do so unless something big happens and PYTH gets mindshare.
STX should run as Bitcoin runs.
I'm also holding BEAM which has done very well over the past 3 months.
Huge potential growth for oracles. PYTH while niche, is better suited than Chainlink for applications that require real-time price data for financial assets like DeFi and trading platforms. With a much smaller cap could pump hard, especially now that Chainlink's had a good run up
As for STX, bitcoin has run but STX hasn't. I'm going to hold, it's day will come. They'll be rotation in the market from many coins that will be overbought to solid projects the market perceives to be 'cheap'
As has been mentioned, patience is required 😉
Those coins you bought seems to have a pretty good trading volume, but no one can guarantee for sure that it will make you profitable. Since you’ve decided to invest in it, I assume you’ve done your own analysis and believe that buying and holding it will pay off in the long run, just like what you did with XRP.
Since it’s still underperforming now, you just need to be patient, maybe focus on the bigger picture and hold it for the long term. Who knows? If the altcoin season arrives this year, you might even sell early with a profit. Just a little advice: don’t sell to cut your losses if you trust the coins or tokens you’ve invested in. Patience is key.
Since it’s still underperforming now, you just need to be patient, maybe focus on the bigger picture and hold it for the long term. Who knows? If the altcoin season arrives this year, you might even sell early with a profit. Just a little advice: don’t sell to cut your losses if you trust the coins or tokens you’ve invested in. Patience is key.
Yeah, you're right. Just gets frustrating watching other coins pump and some of mine lag the market. The temptation is always there to switch to more sexy tokens like SUI, RENDER, ADA etc but then would be buying after they've risen significantly.
Not all bad news though. I've been holding ONDO and that's performed very well and my VELO has rocketed over the past few days, come back a bit since, mind 😉
Re: Is It Better to Transfer Coins to Exchanges Now or Later?
For most of us who are holding coins outside of centralized exchanges, is it sound to transfer the coins to exchanges now or in spring 2025?
The reasoning behind my question is, right now the prices might have gone up relative to the past two years, but if the cycle continues and prices pump by mid next year, at that point, if we transfer the coins to exchanges, wouldn't those transfers incur more fees than if we transfer now when the prices hopefully are cheaper relative to mid next year?
For instance, if I have 1,000 BTC (one can dream, can't it?) and transfer all to CEX abc, and the network fees is 0.5% in Dec 2024, that translates to 1,000 x $100,000 x 0.5% = $500,000, as opposed as to, say, Nov 2025 when the price had gone up to $200,000, and the network congestion can drive the fees higher, where the same transfer might cost the user 1,000 x $200,000 x 0.8% = $1,600,00.
Of course, I'm talking about transferring to "safer", well known, long running CEXes, and not any run of the mill/"come-let-me-scam-you" CEX. My lean on this idea is that, even if these large CEXes, such as Coinbase, end up failing, it won't happen during the crypto season such as 2021 or 2017. If anything, they'd start failing a year after that (2026) -- long after the cold hard cash has been withdrawn.
The reasoning behind my question is, right now the prices might have gone up relative to the past two years, but if the cycle continues and prices pump by mid next year, at that point, if we transfer the coins to exchanges, wouldn't those transfers incur more fees than if we transfer now when the prices hopefully are cheaper relative to mid next year?
For instance, if I have 1,000 BTC (one can dream, can't it?) and transfer all to CEX abc, and the network fees is 0.5% in Dec 2024, that translates to 1,000 x $100,000 x 0.5% = $500,000, as opposed as to, say, Nov 2025 when the price had gone up to $200,000, and the network congestion can drive the fees higher, where the same transfer might cost the user 1,000 x $200,000 x 0.8% = $1,600,00.
Of course, I'm talking about transferring to "safer", well known, long running CEXes, and not any run of the mill/"come-let-me-scam-you" CEX. My lean on this idea is that, even if these large CEXes, such as Coinbase, end up failing, it won't happen during the crypto season such as 2021 or 2017. If anything, they'd start failing a year after that (2026) -- long after the cold hard cash has been withdrawn.
No way would I be holding anything on an exchange for longer than absolutely necessary . You have to consider the risk rather than any gain you might make.
If you lost all your holdings because the exchange collapsed or was frozen that small gain you might have have made will mean nothing.
Don't make any assumptions about the safety of any exchange, in a bull or bear market. In a bull market prices are higher so more reward for rug pulls! People assume their investments are safe on Coinbase for example. Really? You trust everything they're telling us. The only thing I trust is my cold wallet and even those are not 100%! Look at it as the costs of security! 😉
I'm holding these coins but they've underperformed the market. They're good projects but not flavour of the month. I was holding XRP for a long time then sold looking for better gains elsewhere and it popped so I'm reluctant to sell.
What do others think?
What do others think?
Since the election the future for crypto has done a complete 180o! Trump and all those around him are themselves investors. Many of the senators been voted in are crypto friendly. Gary Gensler will be gone on Jan 20 a crypto friendly chair will replace him.Many commentators expect the outstanding cases to be dropped or settled thereafter.
Regulation is coming next year, which will bring more institutional and retail investors alike. Trump has said he's going to start a Bitcoin reserve fund. Extremely bullish now, hence the pump up.
I wouldn't say did 180? I mean we were already up weren't we? That doesn't mean we didn't go even further up, of course after the election the price went up even more, but not like we were in some bear run before the election. Remember, we went from a bottom of under 20k dollars, we bottomed out at 15-16k during bear run, and peaked above 70k+ dollars, nearly 75k dollars before the election, that's a 3x increase even more wherever you look from, could be considered as high as 5x increase.Regulation is coming next year, which will bring more institutional and retail investors alike. Trump has said he's going to start a Bitcoin reserve fund. Extremely bullish now, hence the pump up.
We haven't even done 50% increase so far since then, we are doing good don't get me wrong and I am very happy that we are breaking all time highs constantly, that is an awesome thing, but lets not act as if we were going down and then we started to go up.
Bitcoin would have tanked had the Democrats won, in my view.
The outlook for Bitcoin and crypto was uncertain before the election. Under the Democrats the future looked more of the same. Prices did increase but that was because Trump began championing crypto and a 50/50 chance of him becoming POTUS. Remember he was anti crypto in the past. Without a Trump victory there would not have been a rally as we've seen. Kamala made some noises about being more crypto friendly than Biden but nothing along the lines of Trump.
Prices also rose pre election because of the halving, the liquidity cycle (interest rates were seen as having topped out) bitcoin very susceptible to the liquidity cycle.
Since the election the future for crypto has done a complete 180o! Trump and all those around him are themselves investors. Many of the senators been voted in are crypto friendly. Gary Gensler will be gone on Jan 20 a crypto friendly chair will replace him.Many commentators expect the outstanding cases to be dropped or settled thereafter.
Regulation is coming next year, which will bring more institutional and retail investors alike. Trump has said he's going to start a Bitcoin reserve fund. Extremely bullish now, hence the pump up.
Regulation is coming next year, which will bring more institutional and retail investors alike. Trump has said he's going to start a Bitcoin reserve fund. Extremely bullish now, hence the pump up.
Hi, I am resurrecting this post as my Bitforex account has finally been verified and I can now send my BEAM to external cold wallet.
But I have run into another problem and I need to add some screenshots to help explain my dilemma.
Someone has recommended using https://talkimg.com/ to do this. How does this site work? Do I need to register first? What happens once I have uploaded the screenshot? What do I do then?
Thanks for any help
But I have run into another problem and I need to add some screenshots to help explain my dilemma.
Someone has recommended using https://talkimg.com/ to do this. How does this site work? Do I need to register first? What happens once I have uploaded the screenshot? What do I do then?
Thanks for any help
This should have been a question back then when we were at a full bear market. You don't wait for the market to first go up, and then you start thinking about 5x, 10x coins unless if you are fully into that memecoin casino market which is hyped up right now. Chances are so low you can achieve this but back then, it could have been very easy.
For example, most of the coins you have listed would have already gone past 5x or even almost doing that. Take a look at how Solana rose in price.
My point is, stop FOMO when it's a little late and expect 5x or 10x. You will just end up hold bags for another bear market.
For example, most of the coins you have listed would have already gone past 5x or even almost doing that. Take a look at how Solana rose in price.
My point is, stop FOMO when it's a little late and expect 5x or 10x. You will just end up hold bags for another bear market.
Crypto prices have fallen heavily in the past few months. In my view that's a healthy correction and a time to add. It's not a case of FOMO it's a case of diamond hands at the moment! lol Unless of course you think the bull market is over?
This market has plenty of legs on the upside, specially for alt coins from these levels. We might go lower first of course then more opportunities to buy more. Let's see what happens in November/December, might not happen until the new year but many expect the market to move higher then. My opinion of course.
Also for the record, I wasn't expecting 5x, was asking if people think it was possible. Always try to keep my ear to the ground using many sources.
This should have been a question back then when we were at a full bear market. You don't wait for the market to first go up, and then you start thinking about 5x, 10x coins unless if you are fully into that memecoin casino market which is hyped up right now. Chances are so low you can achieve this but back then, it could have been very easy.
For example, most of the coins you have listed would have already gone past 5x or even almost doing that. Take a look at how Solana rose in price.
My point is, stop FOMO when it's a little late and expect 5x or 10x. You will just end up hold bags for another bear market.
For example, most of the coins you have listed would have already gone past 5x or even almost doing that. Take a look at how Solana rose in price.
My point is, stop FOMO when it's a little late and expect 5x or 10x. You will just end up hold bags for another bear market.
Actually began putting my portfolio together back in March, tweeked it several times since then. I moved out of all my BTC and ETH and into alts back in May. The alts of course being more volatile have dropped harder than BTC and ETH. With hindsight (which is a wonderful thing!
) I should have held them but I'm staying the course and I believe they will recover. FOMO? have you looked at crypto prices? Need diamond hands at the moment lol!
Peace!
Thanks. I waited 24hrs to receive many responses before replying.
I was asked about BTC. As I'm aiming for 5x, I'm not sure BTC can achieve this. As that would take it to a price of circa $300,000 a coin. Alright, we do have the ETfs now but I still think that's ambitious in the near term.
It's possible I could improve my chances by trading/timing the market but that's difficult and posses risk too. I think we're in for another downturn before going up again-but what if we don't and I find myself out of the market in the upturn? My strategy is buy and to hold. I want to be diversified, helps to reduce risk but then downside is reduced returns of course. It's balance between risk and reward.
As for the coins I have, I get it, some are larger cap and therefore harder to move and make the big gains. The issue for me, I believe, is not only the Market cap but being in the right narrative when the market takes off. Perhaps ICP, FTX, GRT and LINK will not be in vogue come the bull market but all are solid projects. LINK especially has great potential and probably one I would pick up again in the next bear market. Solid projects won't guarantee a 5x of course.
If my coins only have potential for 2 or 3x I might as well switch the majority to BTC. I think that's doable for bitcoin going forward and would be far less risky!
I have been considering switching some to SUI, RENDER, RUNE or TAO for example but that might just be tinkering. I could move into one or two of those and add a bit more to ONDO and BEAM.
I'm not looking for 10 or 100x (but wouldn't say no! 😉) I think if and when the bull market arrives it will be led by bitcoin then the focus will shift to the alts for the final phase. This has been the pattern before. As long as I'm in the right narrative (I like RWA and Gaming as well) and I'm in solid projects solid projects I think I could possibly see 4 or 5x from these levels. Maybe not all but then one or two out performers could drive up my over all return.
Moving outside the top 100 is a crapshoot in my opinion and I certainly wouldn't overweight there. Same with meme coins, I don't touch them. That's not investing. Might as well put it all on red at the casino!
Good luck to everyone 😉
I was asked about BTC. As I'm aiming for 5x, I'm not sure BTC can achieve this. As that would take it to a price of circa $300,000 a coin. Alright, we do have the ETfs now but I still think that's ambitious in the near term.
It's possible I could improve my chances by trading/timing the market but that's difficult and posses risk too. I think we're in for another downturn before going up again-but what if we don't and I find myself out of the market in the upturn? My strategy is buy and to hold. I want to be diversified, helps to reduce risk but then downside is reduced returns of course. It's balance between risk and reward.
As for the coins I have, I get it, some are larger cap and therefore harder to move and make the big gains. The issue for me, I believe, is not only the Market cap but being in the right narrative when the market takes off. Perhaps ICP, FTX, GRT and LINK will not be in vogue come the bull market but all are solid projects. LINK especially has great potential and probably one I would pick up again in the next bear market. Solid projects won't guarantee a 5x of course.
If my coins only have potential for 2 or 3x I might as well switch the majority to BTC. I think that's doable for bitcoin going forward and would be far less risky!
I have been considering switching some to SUI, RENDER, RUNE or TAO for example but that might just be tinkering. I could move into one or two of those and add a bit more to ONDO and BEAM.
I'm not looking for 10 or 100x (but wouldn't say no! 😉) I think if and when the bull market arrives it will be led by bitcoin then the focus will shift to the alts for the final phase. This has been the pattern before. As long as I'm in the right narrative (I like RWA and Gaming as well) and I'm in solid projects solid projects I think I could possibly see 4 or 5x from these levels. Maybe not all but then one or two out performers could drive up my over all return.
Moving outside the top 100 is a crapshoot in my opinion and I certainly wouldn't overweight there. Same with meme coins, I don't touch them. That's not investing. Might as well put it all on red at the casino!
Good luck to everyone 😉
Hi, I'm getting prepared for the bull run, if and when it arrives.
I've put together an altcoin portfolio and I'm hoping for a 5x from here. I don't use leverage.
Of course everyone has their favourites but would be interested in the opinions of those who've been through bull markets before and with knowledge of Altcoins.
Allocation
Internet Computer 13.99%
Near Protocol 12.99%
Stacks 12.98%
Fantom 11.19%
The Graph 10.66%
Ondo 10.17%
immutableX 9.10%
Chainlink 7.52%
Beam 6.15%
Velodrome Finance 5.21%
Cheers
I've put together an altcoin portfolio and I'm hoping for a 5x from here. I don't use leverage.
Of course everyone has their favourites but would be interested in the opinions of those who've been through bull markets before and with knowledge of Altcoins.
Allocation
Internet Computer 13.99%
Near Protocol 12.99%
Stacks 12.98%
Fantom 11.19%
The Graph 10.66%
Ondo 10.17%
immutableX 9.10%
Chainlink 7.52%
Beam 6.15%
Velodrome Finance 5.21%
Cheers