Nine Arts Dragon

5y

What u think about Algo

neon

5y

algo is amazing tech
the founder is a genius

I don't own any tho long term cause the foundation dumps on holders

Nine Arts Dragon

5y

Why the hell they be dumping

Nine Arts Dragon

5y

Why the hell they be dumping

Monkey D Zoro

5y

So my main 2 avax holdings are $Lyd & $EVRT but I'm mainly bullish on $EVRT. I'll go in depth.

EverestDAO(evrt) is the only Options trading platform on the Avalanche ecosystem atm. Alot of people aren't familiar with options trading(I myself go into it over the last month) but it's going to takeoff.

Essentially, Options Trading is Betting. You are betting on the Future outcome. Here's a example that actually relevant to you since your a wavax holder.

The current actual price of wavax as I type this is $57.55. Now, their currently a Live Option open for Wavax. The price of wavax in the Option(bet) is $55 even. You are betting on weather you believe the price will stay or rise above the Option price(more commonly referred to as the STRIKE PRICE) or if you believe that it'll fall below the Option Price. A call= you are betting on it rising, a PUT means your betting on it falling below. Theirs also a nuisance approach to the whole thing, but essentially, if you are correct in your call Option and the price rides above the strike price, you get a payout similar to when you sports bet and you win. Some Options might have a payout of 1x which is Essentially you double what you put in and their Some where the payout can be 5.35x what you put in.

In this video, he's talking about btc options trading but it's essentially the same as far as how he explains calls and puts. 1 of the reasons I'm bullish on evrt is their options layout which is alot more simplistic for people new to options trading compared to some options platforms that use the matchbook layout(similar to kucoin)
https://www.everestoptions.net/

Now why I'm bullish is cause 1. The evrt team is involved in the avax rush thing coming up which means avalanche themselves recognize evrt platform and usecase(thus investing into them) 2. They will be adding 2 new dapps in the next month or so. What they will be, idk. 1 cam speculate, but what these 2 dapps will do will bring 2 completely different use cases outside of options trading which will bring buncha people in. Most platforms start out with a Dex off rip but the fact they rolled the options feature out 1st intrigues me. & 3rd, the marketcap. The market atm is still under $750k I believe and this is a options trading platform. For comparison, look up Hegic. Hegic is on Ethereum, don't look at the price, look at its marketcap which is $95,467,001. Not saying we're gonna hit 95mil, but I'm comparison, realize evrt had only been live for not even a full month now.

I typed alot but $lyd & $ EVRT 👌🏿. & $xava is a good 1 aswell and it's a launchpad so holding xava gives you access to participate in IDOs

0

5y

Because people like you buy it anyway

neon

5y

it's for research and to fill their cash treasuries, if you Google.. you can find them telling everyone that if the price goes up the dumping skyrockets

terrible investment dynamics

it will stop someday, maybe then I'll buy lol

0

5y

Because people like you buy it anyway

neon

5y

it's for research and to fill their cash treasuries, if you Google.. you can find them telling everyone that if the price goes up the dumping skyrockets

terrible investment dynamics

it will stop someday, maybe then I'll buy lol

0

5y

schiff is so good on everything except bitcoin

it is so sad because he's destroying his own legacy

neon

5y

I feel like him also calling for a stock market crash every year for 20 years also hurt his credibility a lil

but yeah he's legendary with pointing out how things work

worldpeace

5y

bros