it seems like "buy, hold, sell" would be simple, but keeping up with these coins can take a LOT of my headspace. at this point i'm all in on UNO in terms of crypto wealth
That sums it up well. Last year it was fun and exciting as this was all new to me. Like life, when you start to figure it all out, the sparkle fades fast. My rose colored glasses have turned to Uno blue.
Uno has never promised much, so it has yet to let us down. Which keeps the community healthy. It seems like the largest sources of crypto drama are broken promises from the devs. They wind up creating a bubble of mistrust that is often times hard to overcome. We haven't really had to contend with that because the dev here never made the coin to try to con people, it was more a personal goal for him to make a coin. Which is cool. He did that, so what can we find fault with? A lot of people involved with crypto are dreamers, they have big hopes and ambitions. Which are fine, but it is easy to get wrapped up in dreams and lose base with reality.
Of course the scammers know this too and inject them selves into the middle of everything.
I recently read the white paper for Posv for reddcoin. I dunno, their objective seems pointless to me. To add valuation to social interactions. It is really nothing more than giving someone a gold star for doing a job well done, which i take issue with. If you do a good job the peace of mind should be that YOU know you did a good job, not that other people see that you did a good job. There is no internal drive if you are only ever motivated by how others view your actions. This is the path which society seems to be heading down though. At least the youth. They need the constant affirmations of their peers that they are doing well. Likes on posts and things of that nature. It isn't a horrible idea to capitalize on this but really.. what is the point? Who cares? Bitcoins blockchain actually adds something rather unique to the digital environment, or at least pushed the concept into the spot light. A means of autonomous accounting. It is a groovy concept. Now why do we need over 100 alt coins? We don't. I think people are realizing this.
I have really only been involved with crypto to *try* make money. I do love to gamble! A lot of alts come out and seem "promising" oh good i think, perhaps others will see a lot more value in this than i do. If i buy it now at 1 sat and sell it at 10, that ain't too bad! I can dump it on the suckers who aren't as smart as i am and fail to see that the coin is nothing more than a vehicle for wealth transference! MWAHAHA!! That is the logic that has driven crypto. Is it fair to assume that is how others think about this stuff, yeah, i do think i am safe in that assumption.
I am one of those people that thinks bad crap is going to happen all the time( lol what is it called, schizophrenia?). Like Etherium being the next big scandal to rock the cryptoverse. I could be wrong, but it seems to be exactly like the hardware scam. I am going to sell you on this idea, it is worth billions but if you buy into it now you can get it for close to nothing! Did you even see all the fancy graphics?! Of course it is going to be HUGE! Trust me, an offer like this only comes around but once in your lifetime. Are you just going to sit back and let it pass you buy like all the other high risk offers you were too savvy to buy into, naw, of course you won't. Not this guy, he is smart, i can tell!
Given how the federal government of the United States attacks legal pot growers on the banking front, I would think they would want to adopt a currency that they could use for trading without having to have a bunch of physical cash on hand. With what the federal government is doing, it stops them from having traditional bank accounts and they have to hold all that cash on hand and tote it around with them.
The problem with that is that when you try to circumvent the current currency laws by trying to obscure the source of the funds it is often times considered money laundering and the feds don't take kindly to not knowing.