We in Telegram
Add news
March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010
November 2010
December 2010
January 2011
February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024 April 2024
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27
28
29
30
News Every Day |

A financial TikTok influencer with almost 500,000 followers says bitcoin is going to 'get slayed' - and shares how cryptos and stablecoins make up his trading strategy

Mason Versluis
Mason Versluis
  • 21-year old Mason Versluis has almost 500,000 followers on TikTok, where he shares tips on crypto and markets.
  • He recently spoke to Insider about how he picks which coin to invest in and why.
  • Versluis said he would like to see bitcoin 'get slayed' as other coins have far more real-use cases.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Bitcoin is the biggest cryptocurrency by market value and, for now, continues to dwarf its competitors. But the rise of crypto rivals with far more real-life applications means it will be dethroned sooner rather than later, according to financial TikTok influencer Mason Versluis.

21-year old Versluis also goes by the user name Crypto Mason and has almost 500,000 followers on his TikTok account, which he uses to make short videos to educate his viewers about crypto and the markets.

Versluis, who has been trading crypto since he was 15, recently spoke to Insider about his outlook for the market.

"The psychological thing of bitcoin always being number one and king can be gone. So, by 'slaying bitcoin', I mean I want something to pass it and then we'll see what happens after that," Versluis said.

Bitcoin has a market capitalization of just under $800 billion, out of the roughly $1.9 trillion that the entire crypto market is worth, according to CoinMarketCap.

In the last 12 months, it's gained almost 350% in price, but Versluis thinks there's more value to be had elsewhere.

"My dad actually told me about XRP when I was 17, and I've been in ever since, off and on," he said.

"I am one of these people who think XRP is a 'better bitcoin'. And it actually tackles the payments problem better than bitcoin can or ever will," he added. Ripple Lab's XRP token is used in fast-payments systems - an area where bitcoin cannot really compete given how slow its network is in comparison. XRP is one of the larger crypto coins and has kept pace with bitcoin in the last year, rising around 320%.

Ether, the native token of the ethereum network, is the second-largest cryptocurrency and accounts for about 20% of the market. Its blockchain's ability to run decentralized finance applications, smart contacts and other protocols has seen a rush of investor cash into ether this year, which has gained almost 800% in that time.

"It's got to have use cases, meaning: does this token do nothing? Am I just buying this token because I think it's going to go up in value?" Versluis said.

"That is what I am personally invested in, just because of the potential - they actually do something. Ethereum has so many decentralized applications built on it," he added.

When it comes to taking a position in a coin, Versluis says he isn't a day trader.

"That's a lot of stress, you've got to be at your computer watching the markets," he said.

"I'll see an opportunity, put some money in, and I'll basically ride that rocket up until I think it's time to sell. I sell out of it and I put it into a stablecoin, such as USDT or USDC. And then, I just make profits, and then I'll reinvest some of that into my main portfolio. So it's a slow process," he said.

As a relatively young trader who says part of his crypto passion is its decentralized, free nature, the question arises as to what Versluis thinks about regulation in this market. Unlike a lot of crypto fans, he's not against it. But he does believe that any rules need to adapt to the reality of the crypto market and one size does not fit all.

"It's a digital world. And we're only going to get more digital and more virtual," he said.

"They can't just take the old system, laws and slap it on to crypto. It doesn't work. So, what's gonna come out of this is a whole new way of looking at these tokens."

Read the original article on Business Insider

NYU Hospital on Long Island performs miraculous surgery

Paige Spiranac puts on busty display in plunging top as she lists the ‘things that drive me crazy’

Ramon Cardenas aims to cement his contender status agains Jesus Ramirez Rubio tonight

Ryan Poles Needs A Last-Minute Review Of His Quarterback Scouting Notes To Ensure Nothing Is Missed

Ria.city






Read also

Small Cap Value Report (Fri 26 April 2024) - LGRS, DARK, CAR, REC, BRCK

ChildLit Craft Publishing: Fostering Creativity or Conforming Narratives

Moment hero shopkeeper springs across store to trap machete-wielding thugs before gang flees through bathroom window

News, articles, comments, with a minute-by-minute update, now on Today24.pro

News Every Day

Laura Dern Is the Star of Roger Vivier’s New Short Movie

Today24.pro — latest news 24/7. You can add your news instantly now — here


News Every Day

Paige Spiranac puts on busty display in plunging top as she lists the ‘things that drive me crazy’



Sports today


Новости тенниса
WTA

Самсонова победила Осаку и вышла в третий круг турнира WTA 1000 в Мадриде



Спорт в России и мире
Москва

Команда подмосковного главка Росгвардии заняла призовое место на чемпионате Центрального округа по стрельбе из боевого ручного стрелкового оружия



All sports news today





Sports in Russia today

Москва

РОСГВАРДИЯ ОБЕСПЕЧИЛА ПРАВОПОРЯДОК ВО ВРЕМЯ ФУТБОЛЬНОГО МАТЧА «ЦСКА» - «СПАРТАК» В МОСКВЕ


Новости России

Game News

Garry's Mod is removing 20 years' worth of Nintendo-related items from its Steam Workshop following takedown request: 'It's Nintendo. Need more be said?'


Russian.city


Мода

Шапки женские вязаные на Wildberries, 2024 — новый цвет от 392 руб. (модель 466)


Губернаторы России
Олимпиада

Олимпиада по финансовой грамотности МГУ проходит при поддержке СберСтрахования жизни


Подключение системы отопления в Московской области

Полиция пришла с обыском в магазин кроссовок блогера Бриуса в центре Москвы

Шапки женские на Wildberries — скидки от 398 руб. (на новые оттенки)

Шапки женские вязаные на Wildberries, 2024 — новый цвет от 392 руб. (модель 466)


"Новосибирск, бро, за всё прости": концерт Басты на "Сибирь-Арене" собрал аншлаг

«Если прищуриться, мы похожи на The Beatles» // Евгений Цыганов о своей карьере музыканта

ДЭГ местного значения // Суд оставил в силе итоги электронного голосования на выборах президента

«Летели с девятого этажа»: Александр Барыкин чуть не погиб при падении лифта


Мария стала соперницей Азаренко на турнире WTA в Мадриде

Потапова всухую обыграла Шнайдер в 1-м круге турнира в Мадриде

«Был риск завершить борьбу еще в первом матче». В России оценили победу Рыбакиной в Штутгарте

Мирра Андреева замыкает год // 16-летняя российская теннисистка успешно стартовала на крупном турнире WTA в Мадриде



Новый транспортный хаб начали строить Казахстан, РФ и Китай

Тема дня: На «Госуслугах» можно будет получить статус многодетной семьи с 2025 года

Жёсткие экологические требования решат инновационные энерготехнологии

Шапки женские на Wildberries — скидки от 398 руб. (на новые оттенки)


Бизнес-астролог Александра Секачева дала интервью журналу “Фокус внимания”

Военные следователи провели в Судаке проверку лиц, не вставших на воинский учет

Сергей Трофимов выступит с летним концертом в Зеленом Театре ВДНХ

Ведущие «Авторадио» исполнили в Кремле культовую песню о самой масштабной стройке XX века


Апартия — наш рулевой // В Москве рекордными темпами вводятся в эксплуатацию апарт-отели

Гуцул потребовала отставки глав МВД и генерального инспектората полиции Молдавии Эфроса и Чернауцану

Врач Тяжельников назвал допустимую порцию шашлыка

Армия в СВО бьется за ментальную независимость России



Путин в России и мире






Персональные новости Russian.city
Певец

Певца Николая Баскова заметили на публике с обручальным кольцом по цене квартиры в Москве



News Every Day

NYU Hospital on Long Island performs miraculous surgery




Friends of Today24

Музыкальные новости

Персональные новости