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Showing 5 of 5 results by ptkk95
i am more on the side of selling ERG (if you have any) to buy BTC. just look at the current ranking of this alt and you know that it won't even come near with BTC. but it is your prerogative to invest on this market, you have short-term and long-term plans. so it depends on your strategy here. some can possibly earn profit from ERG on a short-term basis. in this regard, there's no concrete path that you can take, but the profitability depends on your next steps, how you will handle such assets.
Bitcoin (BTC) has more fundamentals than Ergo (ERG), however, it will take a long time to get any real profit if it comes down to investing in Bitcoin (BTC).
I don't blame the OP for being on the Ergo (ERG) side, but it would be wise indeed to invest in Bitcoin (BTC) for now because of the hype that Halving events might create (as I mentioned in my previous post).
Exactly that. I'm thinking risk-reward here. BTC is much safer than ERG, true, but this also means that potential rewards are lower. I think that I will just buy some ERG in the end and keep the BTC that I currently hold.
For anyone who's interested: I've done a bit more research into ERG and what seems to me the most interesting possible catalyst for growth is that they are developing a bridge (currently live in beta), which is called RosenBridge, which enables sending and receiving coins and tokens between Ergo and any other blockchain with supporting multi-signature transactions or threshold signatures (e.g. BTC, Cardano, Binance Smart Chain, Ethereum etc.). What's nice is that the bridge is capable of serving as a hub for interoperability as it allows, for example to send and receive coins and tokens from ChainX to ChainY (e.g. from Cardano to Ethereum) using Ergo....
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Why would he say something like that?
... for the rest I would not expose myself so much "talking about the next bitcoin" (not even in spiritual terms...Why would he say something like that?
)Yeah... you are right.
I'll just buy some ERG and forget about it and see where it goes during the next bull run...
I agree with you.
What makes me think that this might not be one of those cases is that it's Charles Hoskinson, who has nothing to do with ERGO and is the founder of another chain, Cardano (meaning he is a competitor) that says that ERGO is the spiritual successor to BTC... Why would he say something like that?
What makes me think that this might not be one of those cases is that it's Charles Hoskinson, who has nothing to do with ERGO and is the founder of another chain, Cardano (meaning he is a competitor) that says that ERGO is the spiritual successor to BTC... Why would he say something like that?
The Ergo project is a cryptocurrency that builds upon the same UTXO model as Bitcoin but extends its functionality with additional features. Ergo allows for more complex programmability by providing access to the entire spending transaction and the block solution in the execution context. This enables the creation of Turing-complete contracts and the implementation of contractual money, where digital coins can be explicitly bound to a contract in the form of executable code.
Proof of Work. No pre-mine. Interoperability with any other chain thanks to Rosenbridge. The founder is one of the founders of CHAINLINK. Charles Hoskinson, Cardano's founder, said that it is the spiritual successor of Bitcoin.
Their community looks like the early Bitcoin cypherpunks community, lot's of innovation, lots of nerds, lots of technical talking.
Currently it has a $70m market cap........... Should I sell part of my BTC BTC for ERG?
Proof of Work. No pre-mine. Interoperability with any other chain thanks to Rosenbridge. The founder is one of the founders of CHAINLINK. Charles Hoskinson, Cardano's founder, said that it is the spiritual successor of Bitcoin.
Their community looks like the early Bitcoin cypherpunks community, lot's of innovation, lots of nerds, lots of technical talking.
Currently it has a $70m market cap........... Should I sell part of my BTC BTC for ERG?
For those of you that are aware of Ergo, I would be very curious to hear your thoughts about it.
https://ergoplatform.org/en/blog/2021-04-26-the-ergo-manifesto/
https://ergoplatform.org/en/blog/2021-04-26-the-ergo-manifesto/