CARDANO OR SOLANA? WHICH ALTCOIN TO CHOOSE? – DIGITAL CRYPTO ANSWERS

CARDANO OR SOLANA? WHICH ALTCOIN TO CHOOSE? – DIGITAL CRYPTO ANSWERS

welcome everyone to another episode of digital crypto answers and i’m here joined with james from invest answers and rob is afk right now uh i i i hope that he’s gonna be joining us pretty soon if he does then i’m gonna i’m gonna add him in but for now we’ll go continue the show goes on how are you doing uh today james uh awesome except for my back i’m sitting down for the first time a little back injury but i’m good i’m excited to be here and you um when do you stream are you sitting or standing i stand i stand normally it depends what i’m doing but uh i just stand and never had a chair here in the bunker but i moved on in today because i’m not able to stand or if i stand i look like a hobbit i’m bent over so i don’t know i’ve always heard and this has nothing to do with crypto but i’ve always heard if you if you stream or you talk while you’re standing you have more energy and that’s why a lot of people do it is that why you do it too no i just uh just try to stand because it’s you know with working all day i sit down a lot so i i don’t know it’s just a habit yeah i did a lot of public speaking in my life and i always did that standing up so interesting maybe that’s it but now i’m sitting down we’ll see if there’s any difference all right it’s going to be good because i’m going to be able to type a lot easier yeah so there’s a lot of advantages to to sitting that’s why i sit all day every day no that’s not actually a good thing uh all right um now let’s uh let’s jump in bitcoin unfortunately a little bit lower than our stream last week right we were we were like pressing against 50 000 we were waiting for it it didn’t happen and then shortly afterwards like a few hours later or the next day we broke above 50 000 and then we came back down i mean it’s a little little volatility here and there uh what are your thoughts yeah there’s a couple of weird signals i i anticipate a lot of selling at 50k you know what they call the tourist people jumping in and selling but uh now we’re taking like it always takes two or three runs at a big resistance threshold and i think we’re at the fourth or fifth one now at this stage so uh there’s still a lot of selling at that level but i just look at all the bullish news on the horizon and it surprises me and i do expect september september will be an interesting time as well because that’s when we’ll really know if the mike mcglones and the plan b’s and all the other people that’s when things should really start taking off so i don’t want to jinx anything by saying that but it has all the earmarks of what we should i think this is kind of the last big whale manipulation effort with the some of the games of moving coins onto the exchange and manipulating them some of the options pricing option action i think there’s still a little bit of that going on but i can’t put my finger on exactly why we’re struggling so much because you know there’s a lot of otc stuff happening behind the scenes you can see what’s happening on the exchanges um all the on-chain analytics point to bullish activities with a little bit of short-term negative but the next two weeks should definitely be very good so we’ll bleed into september and we’ll take it from there um and i’m also seeing a lot of strength in some of the alts oh yeah like while bitcoin has been relatively flat same with ethereum other stuff has really been on fire and now we’re going to the the third tier alts now beginning to pump so that happens in stages so we’ll see well yeah obviously with the title cardano solana two that have been on fire um but before we get into that real quick you know like something that i looked at recently and uh it’s just a pattern i’m not a big t guy no nowhere like you james but i look at patterns and this morning i was looking at you know what if you go on a weekly right and we know that since the macd last time macd on the weekly flipped green from red it wasn’t it was very brief but from red to green we had a 550 game and during that time from bitcoin going from 10 000 always 60 000 right there’s been a few brief moments where bitcoin did take a breather and you know what the last time bitcoin went up you know from 10 000 all the way to about 18 19 000 about 76 gain guess where we are right now from our bottom of 28 000 to where we are about 49 76 gain and if you look at what happened before there was a brief one week i guess breather that’s where you see the red and then afterwards we went on a tremendous 124 percent gain and then we came down a little bit and another 124 percent gain so can we see something like that like right now you know this past week where we didn’t move can that just be a breather week and we’re really mimicking what we saw before and that was almost one year ago to this day what do you think about that yeah so i i see a couple of different things i do look at the fibonacci retracement levels i look at the elliott wave i prefer rsi to macd for this type of stuff and it’s very clear that after the big leg up if you do believe in elliott wave theory you’ll see we had a perfect five-step process up to 50k and where every time that happens we should have three steps down and we’re in the middle of that right now so from from what i can see it’s kind of playing out uh that way but again i just expect us to be here like this 46 five to 50 k bumping up and down against that level that should happen i was a little bit disappointed that we missed the green weekly candle by what 380 dollars right in my calculations i get just missed it but that doesn’t matter that’s you know it’s painting with a broad brush and as i always say as well ta is very good but you can make any chart sing any song you want if you know how to press the right buttons so zoom in zoom out you eventually you’ll find something yeah you can change it from minute to five minutes to hourly to monthly to weekly you can make anything happen um but big picture i think we’re just in that little you know considerable consolidation phase right get rid of the last sellers get rid of some of the buyers the volume has been very low which is uh staggering to me really really low and um we’ll see but it’s sunday night you know uh monday should be i believe sometimes i’m you know i thought we’d be able to get above 50k and stay there a little easier than a in shorter time frame than it took but right we will make it you know uh this is this is going to be a critical time though september and the next three months after that we should see big things happening i mean the whole world is calling for 100k plus yeah and and the adoption is just going like crazy i mean look at the new wallets on the network as a metric um look at the amount of crypto on exchanges as a metric it’s it’s it’s all going in the right direction yeah but besides just on chain stuff i mean just look at the vine institutional buying it’s not slowing down almost 10 percent and of course our hero michael saylor buys another 177 million dollars worth of bitcoin um like bitcoins out of fashion and he’s trying to buy as many many as he can right now almost 110 000 bitcoins owned by microstrategy and i know he doesn’t talk about this often but he himself owns about 20 000 bitcoins i’ve heard i think it’s 28 000 i think he’s got 28 000. 28 000 and he also owns a big chunk of microstrategy so he himself has 50 000 bitcoin [Laughter] do you think i have a chance to become a trillion there yeah definitely yeah you know the people the people that got in early um to this game and have a lot of crypto will will be the wealthiest people on earth in my opinion yeah um when it goes forward but there’s a lot of institutional activity happening i mean if you look at just some of the surveys and some of the reports from fidelity and coinbase and you know everybody knows you know fiat is in trouble um just look at as well another interesting statistic i came across was the amount of defy activity for institutions that has exploded in the last two quarters that didn’t exist six months ago and now it’s dominating d5 activity so institutions are jumping in with both feet fast and now it’s become an arms race so you saw the i know you reported in the morgan stanley news last week the fidelity price targets you know fidelity when you look at some of their charts i know it might just be some random analysts within fidelity but they were extremely bullish i mean no matter how you construe those charts it’s somewhere between seven and 20 million dollars a bitcoin by the year 2027 to 2030 right and that’s staggering itself too so you know again it just goes back to the same thesis why i fell in love with bitcoin 2017 is because it’s scarcity it is the hardest asset it’s funny you mentioned about fidelity their prediction of a bitcoin hitting a million dollars by 2026 is due to stock to flow they were utilizing this and they were projecting based on stock to flow which was really surprising because normally you have a large wall street entity they usually don’t rely on someone else’s analysis but that was the first time i heard that and say hey you know we’re we’re actually charting based on stock to flow that’s how they came up with a million dollars by 2026 and i don’t know i just found that to be very interesting well they also did another study where they mapped it to gold in the 70s in what gold did and they they mapped the overlay chart of what bitcoin’s done over the last 11 years to what gold did in the 70s and the thesis is of course bitcoin is the new gold everybody needs an inflation hedge nobody’s buying gold what else is there so there’s going to be a huge rush everybody knows the end of fiat is happening what was the uh there was a number of surveys but another interesting one that came out this week the deloitte survey where they surveyed 1400 financial professionals and they all came out and said these financial executives basically physical money is nearing its end which is fiat really yeah so the and their forecast is somewhere between 2025 and 2030 so i call it 2028 for giggles but these are people that know macro they know finance and either and they are leaders of big financial institutions is this the one that you’re talking about uh yes that’s a that’s a different uh a different version what i was looking at it didn’t look at the market but that’s probably another article based on that data right that came out late last week late this week and uh and you know you see you see the tape like it doesn’t take a rocket scientist to figure this out if you look at the money printing it’s just ridiculous and i did this thing a few about a month or so ago i calculated okay ever since the money printing began in april 2020 and i calculated based on government statistics the increase in household wealth and you look at the increase in household wealth to the increase in money supply it equates the problem is the people that got all the money printing are in the top one percent it doesn’t trickle down but uh i i can share that next time uh we do this i’ll pull up the data because it’s fascinating to see so basically when you put money into a system it doesn’t disappear it’s a zero-sum game right but because of the continuo effect people closest to the money machine get all the money and again if you pump if you increase the money supply by 40 you’re debasing by 40 eventually it doesn’t happen instantaneously but it happens over time and we’re seeing that and now we have amplifiers on that effect with c19 supply chain problems crazy inflation i mean it just paints a beautiful picture for bitcoin and and the big financial services executives get it better than anybody why do you why do you think uh since we talked about gold a little bit why do you think gold is not going up anymore well like really everyone just given up on gold and really flat to bitcoin or there’s something else well it’s it’s a couple of reasons and i don’t want to offend any gold bugs out there i know there are typically a lot in any audience but one is uh it tends to be hoarded by people over 45 to 50 years of age and when they pass their wealth down to younger generations which sometimes they do before they pass for tax reasons the younger generations are trading it in so although there are a few central banks accumulating gold and there are some companies buying gold like palantir which was an odd move but it was only 0.01 of the market cap there’s no real market for it and it’s coming out of the ground at 600 bucks an ounce and they’re selling it for 18 hundred dollars so and it’s very manipulated with the paper trade that is over 100x the volume of all gold and the miners are in on the game and the jp morgans are playing with the numbers and nobody really trusts it it’s also very expensive to move around it’s expensive to store and you don’t know if you’re buying real or fake gold i know somebody who was holding gold bars for 20 years that they bought at 300 bucks a bar or 300 bucks an ounce and um it was like late last year they wanted to test one because they heard there was such thing as fake gold and sort of like 20 of it was fake or was watered down or it wasn’t pure or something um so and but they’re holding this asset for 20 years they don’t know if it’s real or not imagine you holding your bitcoin on your keys for 20 years you want to leave it to your kids and it’s like oh sorry kids um that was fake bitcoin what do you say so it’s just not trusted and i have heard that about gold like you really can’t tell you know like until you actually melt it down and actually test it there’s no way it could be diluted 10 20 50 as long as it looks like gold there’s just no way to tell right yeah mankind has been doing that since roman times that’s where we get all the same terms the same terms we’re using today are the same terms the romans used when the when when the romans couldn’t afford to pay their armies they said hey yeah let’s dilute the gold you know who you need to debate you know who i’m going to say right peter schiff oh yeah you really need to bring him on your channel and debate him he he’ll never give up the ghost uh sometimes i watch the tweets between him and his son it’s kind of adorable his son is 19 like william clemente and it just gives his dad such a hard time that’s just hilarious but because peter’s tweets have gotten nasty like you know before it was just fun you know fun and games but i feel like he’s gotten so angry now on his tweets and you know he attacks people and stuff it just seems like his nature has changed on twitter maybe because all the trolls have gotten to him and he just like can’t take it anymore no i think to use a word i think you use this word called salty yes very salty because he always had a dream of being a billionaire and he thought he was in the prime position to be one through gold but gold hasn’t gone anywhere for 11 years yes and he feels he’s lost 11 years of his life the prime of his life where he had a chance to make good investments he could have thrown money at amazon or facebook or google or tesla and he could have been a billionaire he didn’t he kept it in gold but now he’s talking he did two interviews last week or the week before and he’s talking about all his other investments all he does is sell gold he’s not even buying gold himself he’s playing with these foreign companies and commodities and everything else other than gold so it’s really interesting but he was really sad he’s like i could have thrown a hundred thousand dollars at bitcoin 10 years ago when max kaiser told me and i’d be a billionaire today and he ruized the day that he didn’t do that so he’s a bit salty as you say very salty very salty indeed um so i mean i think we pretty much covered last week was there anything last week um that you want to bring up anything important that you think that’s that’s worth noting or if it’s carrying over into this week yeah there’s a couple of cool stats uh you probably covered it as well one is the adoption is really powerful second of all the the corollary between bitcoin adoption and the internet um oh yes i think willy woo and that’s that’s really important because this is this is a matt this is metcalfe’s little play it’s all about the network effect and i think i i estimate there’s 145 million 150 million users today um but he says it’s going to be a billion by 20 to that by 2025 which is like 2025 for bitcoin would be like the 2005 internet so we still have a long way to go from an adoption perspective and i think that’s incredible also the what’s really interesting probably the most interesting stat from me last week was how peer-to-peer platforms have driven exponential adoption of crypto and it’s not in some cases it’s natural in some cases it’s being forced you take place like nigeria you take afghanistan right now everybody is trying to secure what little money they have the banks are out of cash the atms are out of cash there’s queues around the corner it’s not even safe to be on the streets and the people that were smart and the people that saw this coming over the last three four five ten years started hoarding bitcoin so now there’s a peer-to-peer mechanism underground in afghanistan and they’re trying to hide it from the taliban because the taliban as well and isis and all those guys they know they need crypto right to get what they need so they got all these american humvees and tanks and everything now but they need to be able to buy fuel to run them you know then they’re going to need crypto to buy that because the afghani currency is going down so we’ve got all these playbooks that show the importance of having crypto um and you got el salvador nine days away that’s going to be exciting yes apparently there’s a protest today i don’t know if it’s manufactured by fake media or if it’s real or not i hope it’s it’s not true but everybody knows it’s better than losing 30 of your repatriated money through fees through western union and other players so um i i i’m very optimistic for el salvador and there was a funny joke in one article that um i think was the biggest concern that some people have now for el salvador is where everybody’s going to park the lamborghinis if it does go the way we think it’ll go and they’ve got the jump start on using bitcoin as a currency and they do have some natural resources too that could become a very wealthy country very fast well that’s what president naive wants to happen and it’s funny you mentioned i mean the whole situation that afghanistan of course that’s not ideal like uh that’s not like what you want to really advertise what bitcoin is good for but it is a really good use case um for for wealth transfer for transferring your wealth out of a country if you need to and you mentioned nigeria you know nigeria their central bank claims that their remittance uh services dropped by six billion dollars because people are just utilizing bitcoin instead to transfer money and they’re not fan of that they’re not happy about that yeah there’s a whole whole underground black market people are getting haircuts and they’re paying with bitcoin over their phones you know like all they got really creative and as a lot of the academics in nigeria have helped build this ecosystem to be able to survive because originally when they banned it so it’s kind of funny whenever you ban something it makes it very popular you say you ban drugs makes drugs popular although i lived in a place for a while where they tried to make uh things like heroin legal and that didn’t go so well but um that was zurich switzerland back in 1990 but you know there’s a lot of a lot of weird things can happen but the more you ban something like bitcoin the more popular it becomes and you can’t stop people from using it it’s like drugs in jail how do they get drugs into very secure facilities i don’t know but they’re always there apparently so uh hey here’s a q here’s a super chat uh towards you james um from aaron james if you let your winners run and sell losers you may miss out on the gains of the losers most projects have their day it comes in waves how do you respond to that yeah that’s a very smart question yes and it’s so true so that’s why i actually i covered in a video earlier today is how you optimize your portfolio allocation and you always have to be on you know like for example i’m in this debate right now with algorand and polka dot you know they’re still up 54 since the june dip mid-june and 68 respectively but you’re always afraid of okay if i kill i’ll grant and then solana stays flat for a month or two and then i’ll ground three x’s that’s always the risk you pay so what i see happening right now is everything is coming in phases so it starts with uh the big fastest horses as i say and then the second once they get exhausted from doing a 5x or 4x or 6x or whatever the lunas the avalanches the solana’s then you have people uh fishing for cheaper stuff that hasn’t run yet and that’s why we’re now seeing that big bump and stuff that like i wouldn’t touch in a million years like icp um but there icp has been on fire the last couple of days and a couple of other names as well that you probably see so you’re dead right so the the the most the hardest thing to do in asset management is allocation so i still have a firm conviction that there will be very few winners in this bull market i think people are speculating on some of the other assets that may not do so well and there will be a big run for the door so what i advise people is make sure you’re not holding weak assets they are assets of high inflation high centralization high regulatory risk um insider ownership and stuff like that they will be the ones that once things do turn around there’ll be so many sellers and so few buyers the price will crash really fast like we saw in early 2018. i agree with that james but here’s the thing though here’s the thing when we had our last crash in 20 2018 not the 2019 one but the 2018 one all the great projects fell just as hard it’s just that they came up much faster right like so how how do you tell someone you know hey uh hold etherium versus safe moon which i do have something to talk about with like if they’re all gonna come down right relatively the same amount like 90 95 99 percent so then how do you differentiate them it’s it’s very interesting you say that so what’s different between 2017 2018 and today is now you have real businesses real revenue real transactions real use cases real scale real tlvs and that’s what makes it very different rob just joined us so let me add him in here hey rob hey everybody how’s everybody yeah i thought uh i got the time confused on this one tonight sorry a lot of things going on uh it’s okay uh we were just talking about uh well james was elaborating the difference between now and 2017 when i proposed hey how do you tell what’s a good project from a bad project because in 2018 when things fell everything fell basically the same rate like all coins fell 99 um across the border and james was saying how um right now we actually it’s different because we have companies we have investors we have institution investors that’s investing in d5 and protocols where are your thoughts about that rob sometimes i think that it doesn’t matter like how great the project is it’s like there’s a there’s a disconnect between what a great project is who is investing into it what the project can do and what actually is going on so we’ll take a look at the meme coins i mean that just happened not too long ago i mean there is no reason there is no reason why any meme coin should be more valued more than a top 500 company but here we are so i i think in all honesty we’re we’re in price discovery and really what what drives everything is speculation i mean there’s a lot of great blockchain projects that are not even the top 100 but here we are uh so based on what you said um so how would you advise someone then into what projects are good and what’s not if everyone is speculating it’s so like this is what i tell all my friends and family is like look if you want to go about and make a bunch of money then you can go and follow the herd and just have a great old time for the next couple of weeks but what’s going to happen is you’re going to get crushed in the end you’re going to be up and very few people get out in the right time and even even my friend my friend george my other friend another friend george he’s like hey man you got to get into shiba you know because it’s it’s it’s blowing up and then you also got to get into these other projects because they’re blowing up like george i’m not that guy man and i can do this i can play this dance all day long that that we want to do but in the end really what you need to do is take a look at the people behind the project what the project is doing do they actually have investors what does their roadmap actually look like and what are they actually doing in the whole space and if you can get behind the projects and believe in it then all these different bumps and peaks and valleys they don’t mean anything so that’s what i tell people get beyond a project you actually believe in and do your own research and stop relying on people to tell you that that the most garbage they can put out there interesting interesting um and by the way i like to point out that last week i chose cardano and james picked uh polka dots and i think i won for this week it was not in there it was a good choice james we didn’t pick her solana uh no but i if i was go if we’re gonna pick this week right i’m going to pick salon see i’ve got to be careful because i’m such a solana fanboy people will hate me so i just got to pick something different james and boy you’re just speaking the truth well let’s just jump right in because uh the topic is obviously uh cardano or solana so uh take it away james which one do you like better if you had to choose okay if you had to choose which one do you like better and uh and how’s your portfolio do you hold them equally or there’s more of one or other take it away so i have um first of all a little stepping back in history i did a deep dive on solana back in early may and i did a video and it was the first one i did where i was literally at the end it’s the whole thing should i buy and at the end i tell people yes yes i bought it yes i hold it or no i didn’t and sometimes when i say no i don’t buy a certain project i get a lot of hate on the internet so i’m going to try to do less of those um but i was literally very very giddy when i dug into it my thesis was always okay if you look at things like i look like all i look is data and numbers and metrics that’s all i don’t look at the charles versus whoever and i looked at the type of things that they were looking to do like tokenization of stock markets uh stable coin plays a ton of d5 apps etc and i knew things like transaction per second were very very important proof of stake was becoming very trendy back then and early 2021 you guys remember the esg revolution and then i started digging into okay let’s let’s look at cardano cardano was the third crypto i ever bought so i am a cardano card holder and i still i’ve never sold any cardano i always buy it at a dollar sometimes a dollar fifteen because i think it’s a good price for cardano so um i’ve had it for a good while and i’m happy with it but i do and but solana’s done much better for me now my thesis always goes back to the same thing all right cardano their plan charles’s plan was to build an eath killer and he started building that four years ago right correct yep um at back at the time ethereum was doing 15 transactions per second he thought you know what i’m going to do i’m going to build a platform that can do 270 transactions per second and i still don’t know alonso purple speed but i did hear charles last week saying oh speed doesn’t matter you don’t need fifty thousand sixty five thousand transactions per second so that tells me purple will not be that fast and i know they have a road map item a few years out where they’re gonna be maybe up to a million transactions per second but a separate issue but if you look at things like solana they can do 65 000 transactions per second which is very important for things like tokenization stock markets because stock markets do billions of transactions during an eight hour period billions and when you’re tokenizing tokenizing stocks you need to be able to do thousands of transactions per second so that’s where i think solana has a big edge up in addition they’ve been doing smart contracts for longer than cardano have yet to see where they are and what it’s going to be if you can find the tps by the way on purple i’d love to see that um because i’ve been looking for it i’ve been able to see it and i i just fear my fear is this and hopefully somebody can give me comfort that i shouldn’t have this fear but i’ve seen a lot of talk very little action i know september 12 is going to be a big day purple’s going to come out but what is it how easy is it to use how well will it be adopted will it scale and grow like if you look at the the um wormhole from solana you look at the dexes that are being built rapidly on solana you look at the volume the tvl and these platforms you look at the nft places that’s just exploding really fast i want to see that same speed coming from cardana where they launch and i hope they’re not too late to the party and i hope they have the tps thing down because that’s who they’re competing with it’s going to be speed security and cost and they need to be able to be competitive with solana to be able to win the game now my final thesis was always from day one everybody don’t hate me but i was looking at solana in the early days it was like a 20th 10th of the valley of cardano but they were doing live things and i was like how come cordano has so much market cap i said well i first my first thesis was well solano should be worth at least half of what cardano is and that would have taken me up to 150 bucks a token um and on and on and that’s that’s what i did and that’s that’s where i am right now so i’ve got to see what could only deliver my portfolio size of solana versus corodano is probably 10 times the amount but a lot of that has grown up lately it was originally four or five times it might even be 20 times the size because it’s grown up so much i wasn’t expecting it you have 10 times more solana versus cardano or 10 times more cardano versus solana 10 times more solana dollar value probably more than 20 times i can check right now actually pull it right up you know what’s interesting you look at the one year performance of cardano and solana virtually identical 2300 for both of them so they have pretty much moved in tandem for the last one year obviously solana has been moving up faster recently but one year performance identical between the two now i rob do you know how i don’t know if you’re that familiar with cardona do you know anything about the transactions per second with with alonzo with the new fork that’s coming no i think we talked about this last time and and we we don’t really know exactly the transactions per second and james even said they listened to charles pretty in-depthly and he didn’t say we needed the next the next road map i mean is labeled basho scaling right so obviously it is it is on their mind and it’s on charleston’s mind that this is the big thing that i go work on afterwards and i thought cardano was going to be i don’t know maybe i’m thinking of something else i thought cardano would be would scale infinitely based on like side chains and stuff with hydra yeah well it was it it was it is supposed to in the future but we all know that cardano doesn’t move as fast as some of the other ones which i think is not a bad thing i mean let’s take a look at all the different d5 products out there and how many times that we’ve seen rug pulls and things like that and uh i don’t know if it’s the actual developers money that’s getting rug pulled or if it’s the investors money that’s getting rug pulled so maybe and i was always very critical about this you know like damn it i wish they would go a little bit faster but sometimes i think you have to go but slower and then as far as like transactions per second how many transactions per second does visa do i think it’s hundreds of thousands per second so if he’s a visa is less the visa is about 15 000 transactions per second yeah it’s it’s 1700 transactions per second and they said that they can do 24 000 all the way up to that but the big thing is yeah yeah so that’s and that’s visa and we’re talking about a a global type of credit company that has to handle these things now the big another big question is well if you know those transactions per second what’s the finality and if you take a look at avalanche of course it’s even faster than that they’re seconds transfer for visa it’s it’s much farther so the real question is if we’re talking about tps how many do we really need on each of these platforms to really get things going especially with what what’s going on with what cordano is bringing or even solana’s brain do we need that many transactions per second right now as it stands yeah that’s what charles says and my thesis is imagine imagine imagine solana decide to tokenize the swiss stock exchange and the german stock exchange and the british stock exchange and the canadian stock exchange and the brazilian stock exchange you’re going to need a lot of transactions per second no that’s wrong it doesn’t matter no no you’re right and you need all those things you know all those things right now right but here’s but my thing is this is are we putting the cart before the horse are we just going are we saying you need to have this right now and it has to be this way or else it’s going to be junk or do we have to say okay we’re going to we’re going to scale as things go on and we still don’t know but the tps is our per second as far as with uh with alonzo coming down so this is what george goes back to your question the very beginning like do we really these types of projects as far as like valuation are they really valued correctly no they’re not and i’ll i’ll i’m going to ask everybody a question who’s listening right now i talk about this on my channel george you live in the uh the midwest right yes and then james you were on uh west coast so what’s the and i talked this all the time what’s the best burger in your place george in your town what’s the best the most impressive burger that you can have hamburger wise oh putting on a spot um i don’t know like in terms of well-known restaurants portillo probably portillo’s around here oh nice yeah okay james what do you got on the west coast like in and out or something like that or like some like fancy place the best burger is my homemade impossible burger on my smoker literally nothing nothing comes close and i don’t eat out at restaurants so yeah i started cooking hardcore at home once a day and here i am and that’s it and then but i i wish i could go to like a nice sushi restaurant but there’s no good sushi anymore so you just camp out in your bunker all day long james yeah wait to go live with you guys so the same thing goes for questions for people watching and watching this video where’s the best hamburger that you in your town i don’t know where you live i have no idea but i can tell you right now the best burger in your town is mcdonald’s and i’m not talking about the best most tasty most whatever it’s the one that gets the most traffic and gets the most revenue and is it really valued correctly now maybe i mean with what the hamburger really costs so if you take a look at that as far as like blockchain things like that sometimes it’s not the best blockchain that’s out there sometimes it’s the most one with the most real estate and the most people behind it so exactly and you’re dead right rob and that’s why i look very heavily always at network effect and adoption yeah and that is what we need to look at and that’s what i started my thesis that i need to see much more adoption i know the ecosystem has grown really rapidly for cardano which is great but we’ve got to see like things like all the metrics we can follow like tvl and tps and all that type of stuff i’m very excited to look at that and uh in terms of the exact number my solana bag is about seven times larger than my cardano bag right now but that’s not by design that’s because solana’s grown so much a couple days you guys you guys said so much there i have to answer first of all i don’t think you mean that mcdonald’s the best burger it’s probably the most widely known burger restaurant but that doesn’t make it the best burger well well james you know you’re right and it’s the same thing as like is is ethereum the best platform for nfts hell no i tried to do an ethereum transaction yesterday i was like 135 dollars are you kidding me it was like ridiculous casualties it just exploded yeah but joy but george is right in in my example it’s it’s it’s it’s a it’s a far-reaching example to just to expand the mind and go what is what would you consider the best what is the best and where does it come through no it’s awful and god knows it’s garbage and it’s not good for you and that and then what you said rob was 100 correct in terms of the heart before the cart before the horse because even in 2017 we had projects that that claimed that they could do a million transactions per second yeah whether that’s true i don’t know but so what there there’s no one on it to use it right so it’s like building out a 30 lane highway where there’s no one on it what’s the point right you need to have that network effect kick in before you can fully utilize it so i do agree with that by the way did you guys see this on my screen facebook this is back in 2010 okay so facebook has gotten a lot bigger since 2010 uh 13 million queries per second so are we ever going to get a blockchain that’s fast enough to host something like facebook oh like a like a decent like like a d5 social platform yeah a decentralized platform that could replace facebook one day i mean it seems like it’s um it’s impossible task to scale to 13 million queries per second no well i mean anything is possible but but the but the real question is who’s going to be able to build it well i know it’s not eos eos tried and failed miserably so you remember remember remember voice i remember i remember us was supposed to be the the next big killer yeah and they they pretty much have gone nowhere um wait so james you never answered uh you answered your 7x more solana and cardano but if you had to choose which project do you like better is this solana yeah i still believe uh solana to be properly valued needs to have a market cap equivalent to that of cardano which means it has to go a 3x hot faster than cardano that’s my thesis and i said when i started this out it was it was six to one i said well if if cardano at the time i think cardano was worth 20 billion i can’t remember when it was trading at a dollar it’s worth about 20 billion and i said whoo i think um solano was at 4 billion i said that’s that’s got to go 6x or three and a half billion i can’t remember the exact numbers and that’s that’s how i how i look at things i look at adoption and tokens and market caps and calculate my prices yeah good way to do it for sure what about you rob which one do you like better ah gosh it’s so hard you know what it’s so hard to say and it’s i i feel like there was somebody in the chats i forgot who it was they said whoever whichever one you pick of course the other one will we’ll go to the moon next week that’s that’s that’s usually how it goes in cryptocurrency and i’m just gonna i’m gonna tell you an honest and honest answer it’s a great question from george but i’m gonna tell you exactly what i’m gonna do i’m gonna hedge my bet because just like peter thiel talks about as far as like uh technology it’s not a warren buffett type of thing like do fundamental analysis and just pick five winners you gotta really to me i feel like i gotta really spread my chips around and then just just go for them i do not think this space is a one size fits all and it’s only one to rule them all it’s just that’s just insane to me i i think in all honesty i would if if you cho if you told me you got to pick between ada and solana i would say i’m sorry fifty percent ada fifty percent solana because that’s my bed that’s that’s it i mean that’s that’s that is what i’m gonna tell you come on no one’s pointing a gun to your head and made you choose one you would still say 50 50. i’d say i’d say you don’t go you don’t have the guts to pull that trigger first of all um you know i gotta say at this point um okay so i since i’m playing the game too i would say i right now i hold more solana uh mostly because like james it has just gone up so much that it just pushed past and when i started out i had more cordano than solana but it’s just like kind of caught up but if i had to choose in terms of the technology i think it’s there solana’s done and because the fact that they’re at 27 billion market cap versus 92 billion you have that 3x factor that’s right foreign at least the short-term potential for solana could definitely be higher than of cardano so i’m going to choose solana at this point too so it would have been three four three if you just admit that rock but yeah i just admitted let’s do it a different way so let’s pick a price target for the top of the bull run for each so basically if if salon if cardano goes to ten dollars that will put solana easily at 250. but when you look at them both that way it should maybe even 450 but that’s only they’re both doing a 3x right so from that perspective but i still go back to market caps because that’s really what matters you know i saw i saw a snippet where uh for ev for electronic vehicles ev transportation they were able to build a payment system on two blockchains ethereum and solana as far as i’ve heard so and that is in the eu i think that’s global so it wasn’t about the token but it was about the platform itself so if you go like with that the things that are being built on solana i could see it definitely going but man i you know like people ask me like like james when we were when we did that show about the price predictions for cardano i thought three to five bucks i know people are like you’re in insane i may be but i got to be a little conservative but solana i can see going i mean what is it now on just under a hundred right yep yep actually it took a bump a few minutes ago yeah well probably because james is on the show and george two dollars and two and a quarter dollars it went up um i would i i i can’t see it being below 200 bucks by this by the end of this year i just can’t see that you’re talking about solana right now she’s louise now yes i mean cardano i’ll say i mean three dollars is already there within reach so i gotta go at least gosh you know i heard a um into the cryptoverse uh the gentleman over there smart really smart guy and he was talking about around 14 something like high like 20. but he said between eight and 14. man that’s that’s uh pretty big i mean if you can go 10 sure but i think five is a sweet spot very conservative for me you look at bitcoin right bitcoin let’s just round up 50 000. let’s just say it could do a 3x to 150 000 by the end of this year or cycle if bitcoin could go 3x cardano solana and everything else up there is go go more than 3x they’re going to go 5x possibly 10x from here if bitcoin can get that 3x right so 10 for gardano and uh you know a thousand dollars for solana could be on the table right it’s it’s possible okay yeah so you know looking at benjamin cohen i think is his name yeah bench coach if we go to 14 that’s a half a trillion dollar market cap for cordano now what i look at is i don’t look at cardano in itself but how big the hell would the crypto market cap be if cardona’s worth half a trillion dollars we’re talking 10 trillion dollar market cap for the whole cryptoverse cryptoverse that’s what you need to think of could it hit 10 trillion in this market cycle no could it hit three to four yes conservatively i believe yeah but you know what you know what’s crazy that i never i remember back in 2017 remember a trillion dollars was like insane right numbers and then we hit 860 billion and we’re like we’re so close then we took a slide and when we hit the one trillion we’re like that’s amazing i can’t believe we hit a trillion then we went to two trillion then we almost hit two and a half trillion now of course we slid down so maybe it’s just the way of how we see things but to me like i agree with both of you i think it’s very hard to see these huge numbers but i think it’s the same thing back in 2017 back in 2013 back in 2010 blah blah blah all i know is when fomo kicks in let’s go kicking hard i mean market cap over 2 trillion can we go to 10 trillion unlikely but can we get to 4 or 5 million like james said i think so but uh yeah it’s just gonna be nuts it’s gonna be nuts um we got a few minutes left guys so this week ahead anything uh stand out for either of you gentlemen um i think well with i mean we’re talking about alonzo and the smart contracts that’s the 12th i believe right september 12th yep what day is it sunday right uh yes it will be a sunday two weeks two sundays from today ah it’s not gonna yeah not gonna be a big thing i maybe buy the rumor sell the news type of thing i still see it going up especially with everybody talking about it i think that is that is one of the big things right you have everybody talking about it the smart contracts are coming and everything else so i can see cardona going up a good amount so lana what is has there been more news more partnerships more something else going not that i could on just more nfts nft cells it seems like it’s pushing things upwards and dex is a lot of decks is popping up they have like three or four dexes at this stage and uh every aspect review these number 3000 decks whatever out there so a lot of people are building on the platform and this takes me back to the other thing that i like is humans do what is easiest to do so like take uh you i don’t know george if you remember aol and compuserve dial-up internet aol made it easy and that’s what made it adopted it wasn’t the best but it was the easiest it was the easy button so the other way this whole network revolution will win is not only what is cheapest but what is easiest to build on and scale and that’s going to be a very very important factor and i haven’t seen that i have read some stuff on some githubs that certain platforms are harder to use than others and that’s going to be a very very important metric because people will choose what’s easier to build with like like rob if you were building a house and they said you got to build out of aluminium or wood or brick or whatever you’d pick the material that’s best for your environment and easiest and cheapest to build with correct and that that’s going to be a big factor going forward yeah i think so i think i mean of course the easiest then the other thing is where people don’t have to look behind the hood if you look remember back in the day when we had to deal with browsers and things like that no one wanted to deal any kind of like coding or anything they just wanted to go to a browser internet explorer and just click on a site and go to that site and figure it out yes so i think like that so i think like i mean as far as easy use i think that’s why coinbase is so popular super easy the fees are super high but that’s what it is unless you go into coinbase pro like james likes but uh i mean yeah if you make it simple i i will say this though cardano i i don’t know i i’ve never staked on solana yet i haven’t staked it but i know with the cardano it’s super simple and it stays in my wallet i like that yeah final question well george i haven’t answered your question for the week ahead though by the way so yeah a couple of things at one is there will be a little bit of a macro story because people are going to be looking at the jobs report next week and if the jobs report is weak that means the fed will not taper which means they won’t stop buying bonds it’s going to be very important for us to look at because that has an impact on bitcoin and the crypto market second thing is the nft market just hit 2 billion on open c yeah in a month which is just incredible so uh my pick for this week is engine and engines on fire as well today so um answered three questions in one you picked a good one you picked the one um rob we didn’t get your pick i uh you know what the difference i got yeah i can’t jeez jesus voyager you know what i should pick voyage because every time i pick it everything else goes up but i mean if i had to put money on that i think cardona with everything going on with the smart contracts but it’s tough to say with the nfts but i’ll go i’ll go cordon this week see how it goes out yeah that should that should easily blast through three dollars i’m surprised it hasn’t already um yeah honestly i am picking i’m picking solana i’m go just go i’m just go back that horse and just uh ride it to the moon so yeah so we got solana cardano and engine um one last super chat question someone asked about from here on out to the end of the year which will perform better ethereum or cardano ah i mean gosh the theme is what at 3 000 yeah 3200 i mean i would i would have to say i mean cardone is a below three bucks and if we think it’s going to go to 10 i mean 3x i would have to i would probably put my money on cardano but ethereum can do just as well but i mean gosh especially with ethereum 2.0 you know around the corner in december that could really drive things up yeah i mean if yeah just like you said if if 2.0 comes out and they have a hard date for it and they say we’re going to do this and we’re all set and there’s no bugs sure i can see ethereum but that would be everything there and it has to attend thousands i know vitalik came out and said he thinks he can go to like 20 000 or something crazy like that i don’t see that happening in any way shape or form sorry but uh cardano i would i would just put my money on that one uh me personally and i was telling people this four or five months ago a year ago two years ago doesn’t matter yeah well for me it’s a slam dunk ethereum will 3x before cardona 3x’s so ethereum will be at 9000 way before cardone will be at nine dollars and i would bet a hundred thousand dollars cash in that right now you sure a thousand dollars yes you’re sure that’s a wise bet etherium is three times four times larger in market cap than cardano and you think it’s go do 3x before cardano yeah so what’s the what’s the market cap it’s 376 versus 92. so you’re looking at let’s say say 400 so you do 400 to 100 let’s just say that let’s round up is 4x difference you got it you got it you got to look at what runs on ethereum versus what runs on cardano then you easily get to it oh george i really want to take that back yeah okay i won’t i’m not i’m not big enough of a baller yet to take that kind of bet but i’m just just just looking at at the adoption and everything else so every one of the other things as well you have so much supply and inflation for cardano you don’t have that with ethereum and you look at the amount that’s staked you look at the amount that’s off the exchanges ethereum could go parabolic way faster than cardano can and that’s my thesis that a network effect cardano has 72 percent staked man that’s already 75 supply out yeah but it has a lot of inflation too um whereas ethereum in december is going negative it’s deflationary that’s that’s the important one i i will i will say this it’s i i think it’s a better bet than uh some some different projects out there so like if i had to say anything to anybody stick with the top 10 if you want to be a little bit safer if you want to be a little bit more risque go outside the top 50. all right all right well i said it there i put my line in the sand i said ethereum’s gonna hit nine grand before cardano hits nine dollars boom you heard it here first ladies and gentlemen and it’s documented on the internet so we’ll see i can’t i can’t believe your reaction george this is interesting i can’t there’s no way just look at this way okay yes i agree with ethereum everything you said about ethereum the fact that cardano has nothing and it’s sitting at 100 billion dollars tells you how strong it is imagine when there is stuff actually running on there when there is nft marketplaces or defy dexes and stuff um it’s going to be a game changer yeah as slow as it may be it’s still going to be what 10 times faster in ethereum until ethereum 2.0 comes out so there’s still advantage there too yeah but we see like i i there’s so many unknowns with cardona i’ve been waiting four years for results and you know it’s a platform now built at the highest academic level but we’ll see if it beats something that’s been used for a long time and it’s widely widely adopted yeah yeah we got four months because we got what september october december four months that hey i’d be happy to be wrong but uh yeah we either way we win if either gets close to nine bucks or nine nine thousand dollars it’s a win-win all around for everybody it’ll just be an interesting race so that’s the way i always think about it is racing which one is faster which one is faster and and believe me if if cardano does hit 10 bucks can you imagine what solana will be worth that’ll be interesting yeah right all right well i think that’s it for uh this week’s uh digital uh answers or dca with digital crypto answers um so thanks for tuning in everyone and smash it a like subscribe to channel and check out rob and james on their channels url is in the description so thanks again guys james and rob until next week awesome everybody awesome take care of yourselves all right take care everyone bye
rn

CARDANO OR SOLANA? WHICH ALTCOIN TO CHOOSE? - DIGITAL CRYPTO ANSWERS

rn

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *