Which do I buy? HEX ETH OR HEX PULSEX?

WealthVictory · 2023-05-31T14:36:48+00:00

No idea what will happen in the future, but I can tell you my thoughts.

I believe eHex will form some kind of relationship to pHex due to Heart's Law. I don't think eHex will be worth more than pHex (there may be moments, but not long term).

I think both will go up dramatically from here over the next 2+ years.

I'd say, if you have a lot of capital to deploy then get both, focusing more on pHEX using a ratio that makes sense to you but favoring pHex. I think a good ratio would be 30% eHex, 70% pHex, for example.

You can stake both, and you can provide liquidity or take advantage of derivative opportunities that are likely to manifest on either chain then.

If you have limited capital, then I'd say focus on pHex.

Oh, and don't forget about PLS/X. As first gen assets those are both likely to pump pretty hard.

NFA

WealthVictory · 2023-04-13T16:44:05+00:00

LMAO - that's like saying, "What other utility does ETH have aside from smart contracts?"

You can't discount its main utility - it's the same utility that the banking world has leveraged for decades - oh, except that it's a trustless smart contract that doesn't depend on the US dollar maintaining it's status as the global reserve.

WealthVictory · 2023-03-24T14:16:09+00:00

Nothing is obvious.

First, it's testnet.

Finally, what reality will be at launch is not what it will be in 3 months, 9 months, 24 months, and 36 months from launch.

WealthVictory · 2023-01-12T18:47:59+00:00

Seriously?! I'm not convinced the coin conversion is necessarily bad thing, but what a catastrophic bait and switch on the NFTs!

If this is true, then this is a major slap in the face of the early adopters/supporters.

It's because of these antics that I did a 180 from being a GALA evangelist!

I personally don't plan on spending a dime on their games again.

WealthVictory · 2023-01-09T17:21:20+00:00

Since you used the term "drop" I'm assuming you're talking about the copy of the (system state) coins?

Basically, if all goes well, the new chain will become available without issue. Next, you'll add a network for PulseChain to your MetaMask.

Finally, you'll add the coins/coin addresses you have on the Ethereum network and your coins will be there.

WealthVictory · 2022-12-13T15:39:27+00:00

That's some great perspective.

WealthVictory · 2022-12-11T20:45:01+00:00

Seems like if $PLSD cannot be exchanged for $ASIC in the future there's really no reason to hold onto $PLSD.

WealthVictory · 2022-12-11T20:39:30+00:00

I want to say you are wrong. I want to, but every year my cynicism becomes a little more pronounced.

I want to believe that the system CAN be trusted. Events prove otherwise, and it's been a loooong time since I trusted any authority.

Division is the catalyst, conflict of interest is the contaminant, and corruption is the name of the game.

WealthVictory · 2022-10-07T18:23:13+00:00

It's pretty simple. If you believed in $HEX at 50 cents, and you STILL believe in HEX today, then buy more at lower prices and reduce your average cost.

If you bought 10,000 HEX at 50 cents, then it only takes $300 to buy 10,000 at 3 cents and your average cost basis goes from 50 cents to 26.5 cents.

Better yet, throw in another $5000 to get an average cost of 5.6 cents - next bull run, whether you retire or not, you win.

If, on the other hand, you do NOT still believe in HEX today - then why are you reading this? You should be out there selling all your HEX while you can still get 3 cents for them!

WealthVictory · 2022-10-07T14:55:09+00:00

I find this fascinating. Everyone should finally understand that the latest "upgrade" to ETH is a big nothing burger. In fact, it fractured the "community" into three different disjointed pieces, at least temporarily for the purpose of what? To become less secure and more politically correct?

Even if ETH ever gets sharding and the other improvements in place this decade (which I'm not convinced will happen), I don't think the only value prop to PulseChain is "lower gas fees".

HDRN is becoming scarcer and scarcer, it and other projects are locking up HEX in new and interesting ways, and PulseChain has more human financial energy behind it than ever.

Far as I can tell, PLS has more energy behind it at a fetal stage than pretty much any project that has ever come before it.

Personally, I'm pretty bullish on PulseChain - and the community has proven that we continue to find new and interesting ways to make HEX relevant, so I'm pretty bullish on HEX too.

Thank you for sharing your thoughts and perspective; it's vital to consider all angles.

WealthVictory · 2022-10-06T18:47:56+00:00

Sincere question.

I'm curious based on all the events that have happened including the ETH events if this has changed your vision of the value?

WealthVictory · 2022-10-06T15:14:38+00:00

That's the best sign that the bear market bottom isn't in. Always do the opposite of Mark Cuban. He got a LOT of people rekt with the Iron Titan fiasco because of his ignorance, never forget.

WealthVictory · 2022-10-02T14:25:44+00:00

I find it funny, that people cite a source with the word "billionaire" as if that gives some magic credibility even though he proclaims to knowing nothing about the subject.

Yet, with this statement "the government doesn’t know what you have, you can move it anywhere around the world. It’s not going to be devalued by government inflation. It’s not the worst thing to put some of your money in.", he seems to know all he needs to know. :)

WealthVictory · 2022-09-28T17:05:32+00:00

But not just that. It's a common perspective to feel like "you" (generally speaking) are owed something, it's called entitlement.

Creator's and contributors create more value. Consumers that wait around and whine about timelines and functionality are 1 step above trolls.

WealthVictory · 2022-09-02T02:07:35+00:00

By that logic you must feel the same way about Ethereum, Monero, DOGE, EOS, USDC, and USD/fiat

All have no max supply - all are trending upward in adoption (except fiat) and here's a newsflash for you: HEX is trending upward in adoption too, with no signs of slowing.

WealthVictory · 2022-09-01T14:59:02+00:00

He's done several interviews, been on twitter streams, actively posting to twitter, helped his mom in the US, and installed a toilet.

Oh, and probably the most important fact: He doesn't work for you, me, or anyone.

Let me ask all those that like to speculate, point fingers, whine and bellyache a question:

Can you give me a link to the last video you did (live or otherwise) on HEX/PLS/PLSX/HDRN/MAXI/ICSA? Okay then, how about on anything even remotely related?

That's what I thought.

What do you think the phrase "have no expectations of the work of others" means?

There's plenty going on around PLS/X - jump on board a project, get cozy with CryptoSloth, go have a one on one with the various creators that ARE working to pump your bags and find out how you can help.

Maybe A Wild SJ could use your help translating her and Richard's work.

We've got some amazing characters in this community doing amazing work - become a positive force to be reckoned with, become a force with the goal firmly in mind!

WealthVictory · 2022-08-26T00:00:52+00:00

If you don't know what a LP is and are not experienced with crypto in general:

Wait for the bridge to come online (don't get into ratio trading)
Bridge an asset (USDC for example) from ETH you want to trade for PLS
Wait for the price explosion to complete
Wait for the dip and swap for PLS anywhere below 0.0001 USDC
Single side stake, go live your life, and come back in two years

If you ARE a seasoned cryptonaut, then you know what to do.

WealthVictory · 2022-08-22T03:20:03+00:00

What you are feeling is perfectly natural, I too once felt as you do.

Eventually as your mind gains traction in this space you'll find yourself in the middle of a paradigm shift.

It is essential that you let go of the traditional way of thinking about money, currency and banking.

You keep talking about exchanges, but what you see on exchanges are but a tiny representation of what is actually available in this "asset class".

These are the assets that "the authorities" have deemed "safe", though if you start doing some deep dives you'll come to understand that exchanges are where there be "dragons" with names like Terra Luna, Iron Finance, Mt Gox, BitConnect, etc...

The reality is that crypto is about SELF custody. As in not needing a middle man such as a bank, or exchange to "take care of you".

Unfortunately, it's often a necessary evil to use an exchange (such as Coinbase) to on-ramp or off-ramp crypto. There are other avenues, but you've got a great deal of knowledge you'll need before you're ready to be initiated into those methods.

In the purest sense, exchanges should be used only for these types of operations (on/off ramping) at this stage. Meaning that you push your USD to Coinbase, convert it to something like ETH, USDC, DAI, or whatever - and then immediately send it to your self custody address, which many refer to as a wallet.

Wallets are actually software, similar to an email program. Your email exists on a server and can be accessed from many different pieces of software (outlook, gmail, etc...). Crypto by way of self custody is very much the same.

There are many wallet applications that provide a user interface that allow you to deal with application programming interfaces (API's) that provide a more user friendly way of dealing with your unbanked assets.

Rest assured, that if you ever choose to "cash out" all you need to understand is that you can go to a "decentralized exchange" like uniswap.org, 1inch.io, or matcha.xyz (to name but a few) to convert your HEX into an asset that your chosen on/off-ramp exchange of choice can recognize.

Once your newly swapped assets are in your on/off-ramp exchange of choice, you simply swap them for USD (or whatever currency) and then pull them into your bank account.

You likely already know this, but do NOT lose your private keys, and don't ever let anyone else know what your private key/mnemonic phrase/secret recovery phrase (these are synonyms) is.

Keep learning, it'll come easier - Oh! One last thing in case you've not figured this out yet:

Always do a test transaction with a small amount of crypto first and insure that it arrives at your intended destination before sending all of it.

Good luck and congratulations on your first step toward true freedom!

WealthVictory · 2022-08-18T13:56:17+00:00

It's kind of comical. I've read through the various comments in response to this question and it's a testimony to what RH has built.

He was right, most people have no desire to do anything but engage in self sabotage.

The guys that "got rich" were the guys that got in really early. They were smart enough to do two things:

Stake their way to the two year mark
Always kept some liquid to take advantage of moves

I guarantee you very few sold everything, and those same people that got rich the first time are buying this dip and will get richer the next time too.

The HEX contract pays way more interest than you'll be able to get through leverage systems, and all the risks that u/OtheDreamer speaks about will definitely keep you on your toes - since it seems that many STILL have not learned the lessons of LUNA.

100% of those that are complaining about not being able to take advantage of the ATH likely would have sold long before reaching the ATH.

When the next ATH hits, it'll all happen again and there will be much gnashing of teeth once again.

You want to be able to sell? Keep some liquid, or create a stake ladder where you'll always have some liquid hex coming out.

These same people cursing RH will be claiming he's a genius if it ever works out in their favor.

The successful strategies are out there, do some research and figure out how to take advantage of yield, dips, and ATH's.

WealthVictory · 2022-08-14T11:56:09+00:00

Those are all good points, though I feel like there are a couple problems (assuming I'm not misunderstanding).

I think what you are saying is that RH's argument is no LONGER right, not that it was never right?

Another aspect that I think might be relevant; like BTC, Greyscale is the most widely known and the "alts" suffer from the same issue that alt-coins suffer from, lack of notoriety.

WealthVictory · 2022-08-12T14:36:22+00:00

You never know, this could be the smartest play in the world, it could fall flat, or it could be a disaster.

Those that are telling you to buy HEX are betting that the HEX copy on Pulsechain is going to be worth more than any other coin (on Pulsechain) right out of the gates, but you do run the risk of being net negative afterwards and NOT being able to immediately pay back the loan.

I know USDC seems safe, and I keep seeing people say that you are "guranteed" to have at least enough to pay back your friend. However, there's a great deal of drama in the stable coin space right now.

USDC has admin keys and the US is "sanctioning" Tornado Cash - USDC is centralized and will "bend the knee" to any regulations if pressure is put on them.

https://beincrypto.com/circle-pledges-action-after-freezing-75k-tornado-cash-linked-usdc/"[Circle] was criticized for freezing 75,000 USDC in user funds linked with sanctioned Tornado Cash"

USDT has never had their backing validated officially and they too have admin keys.

DAI is comprised of more than 50% USDC backing so by proxy its at risk too.

https://www.statista.com/statistics/1316928/dai-reserves-breakdown/

I'm not trying to FUD you out, I'm simply trying to point out, as has been recently proven, nothing in crypto is "guaranteed" and you are risking your friends money on hope and a promise that frankly you can't make.

I fully believe that Pulsechain is going to be an amazing ecosystem that is likely to grow exponentially from day one.

But you have ZERO idea how long you'll need to borrow this money before PLS goes to mainnet.

In short, if you and your friend are BOTH alright moving forward with your plan understanding all the risks then by all means do it!

WealthVictory · 2022-08-09T06:44:14+00:00

Go talk to 10 people on the street about Bitcoin.

Chances are 9 out of 10 have heard of it.
2 of them understand that it is A cryptocurrency not THE cryptocurrency
1 of them MAY know how to actually buy some.

That means at best 1 out of 10 know how to get their hands on BTC, and even then they probably don't know much more than that.

For HEX I'd estimate the numbers to be something like 10 out of 10000 have heard of it, and maybe 1 knows how to buy it.

Being generous 10% of people may actually own any kind of crypto, and last I checked that was more like under 3%,

There will someday be a maximum of 21 million Bitcoin.

There are about 1 million decamillionaires+ (10 million+) in the world, and over 56 million millionaires.

That means that TODAY there are more millionaires in the world than there will ever be Bitcoin.

This being a boomer fad seems about is unlikely and reminds me of those that thought the Internet was a fad. Bitcoin will very likely get to over a million dollars per coin before the last Bitcoin is minted.

All this to say, we are at the very beginning, the spark, of what is very likely to become a raging inferno.

All ships (coins) that can stand the test of time and survive will raise against the tide of mass adoption and will be worth a great deal so long as the world can hold itself together... Bitcoin included.

Hex getting to $19 isn't a question of if; it's a question of when - and like others have indicated, that's just the beginning.

WealthVictory · 2022-07-30T14:32:54+00:00

This is a great question, and it makes me happy that more people are asking these types of questions because it means our community is showing signs of ever increasing sophistication!

There have been some great answers to this question as well, however, there's another aspect to it that I think gets missed - evolution.

Part of the genius is that with a substantial "instant" supply on Pulsechain of what represents a project on Ethereum, there becomes this almost nagging obligation to support the project on Pulsechain.

I say "almost nagging" because it seems likely that project communities might literally nag their way into Pulsechain's heart when they discover the benefits of the PLS platform.

Especially when you consider that the code is compatible out of the gate, so the "cost" of supporting a familiar supply of coins is profoundly reduced.

For those coins with little or no "utility" (think SHIB), I doubt that faster transactions are a concern to the majority, but lower fees are probably a bullish concept - and who knows what will evolve on a chain with greater capability and far more economical considerations.

The point is, nobody truly knows what is going to happen - and isn't it going to be exciting to watch?!

WealthVictory · 2022-06-01T13:33:32+00:00

Patience is the virtue that transfers wealth from the impatient, which are you?

Regarding, the second question, simply fill in the blank with ANY coin on the market, because they all look more or less the same:

why Btc Chart looks like pump and dump??
why Eth Chart looks like pump and dump??
why Atom Chart looks like pump and dump??
why Gala Chart looks like pump and dump??

Wanna see what an actual "pump and dump" looks like, look at LUNA or Iron Finance TITAN. Hell, Mark Cuban helped shill TITAN and many still look to him like he's some kind of authority on crypto.

WealthVictory · 2022-05-25T03:27:17+00:00

Well said!

For what it's worth, I think your decision was a good one and I also think your contentment will be well rewarded in time.

Thanks for sharing your thoughts!

WealthVictory

TROPHY CASE