ATOMAUD
Cosmos / Australian dollar
crypto

Y'all probably still thinking ADA is gonna turn it around any second now. You avoided *crap* like ETH, SOL, HYPE, etc and bought *real* tokens like DOT, XNO and BCH.
Altseason has never meant that absolute dog shit sets new ATH. Especially when it's the garbage y'all buy. That ATOM is dead dawg. It's the new EOS. It ain't coming back.

I have a lot of advice about this so please take the time to read. Right now $20 and 20 cents is a lot of money to you, but in the grand scheme you just made your first trade and it was a good one. There was some market fluctuations today, the market went above $4 trillion dollars. Do not be surprised if it recedes to as low as $3.5/3.6 trillion. You will sleep STEEP losses, that’s okay, the market quickly rebounds. When you lose a lot of money, that’s when it’s generally a great time to buy in because the prices are low.
September is always a crazy time for the stock market and now the crypto markets. Especially now that they are becoming more intertwined in popularity and how investors in the market react to certain things.
The fact is, you’re going to lose money, but if you are making wise investments and NOT pulling out when you lose 40% in a day. You will be okay. This is completely normal and the people who stuck out the hard times have made a lot of money.
I just happily recommend diversifying your assets and even doing some research into their networks. There are some coins that offer APYs, which gives you a small percentage of your money back for “staking” over time. ATOM, SOL, XTZ, POLK, ETH, and a bunch of others offer this. Staking is great if you don’t plan on selling off coins quickly. ATOM takes 25 days for your money to be “unstaked”. Some only take 3 days. I think this is a really good idea if you are a “teen”.
ATOM is around 15-16% APY which nearly 4x higher than the national average for a high yield savings, which is really good return. Basically, you get $15-16 back per year per $100 invested instead of 4%. The stipulation which this is your asset value will flux with the market so some returns will be better than others. I like XTZ a lot too.
Doing however much you can, even if it is just $10 a month. If you invest that into something with a high return or has an upside/future like BTC or ETH you will be in a great position by the time you’re 30/40/50/60. Especially if you increase your amount and frequency as income allows as you get older. This is a very simple and common approach to most investing. It isn’t risk free but it is a proven method for generating wealth overtime.

Anything to be said for some of the darling coins from the last run, ones that aren't tiny market cap but also aren't large cap? Examples: DOT, ICP, ATOM, XLM, ALGO, MATIC, etc.
I'm definitely forgetting some but these are the ones that come to mind. Which ones of these would you take a gamble on and which ones wouldn't you touch with a 10ft pole?
Let's leave projects like Avax, Ada, and Link out of this. They all had hype last time and look good for a big run this time too. Leaving SOL entirely out of this, it's in its own class.

ATOM (Cosmos) has one of the highest apt % for staking

I'm holding SOL ETH ATOM and DOGE until rent is due, or until cash account needs help. Lol

**Due to recent updates regarding PoW attacks and 51% vulnerabilities,**
It’s become clear that few coins are protected against this model.
Any PoW chain with the following characteristics is susceptible to attack:
* Fixed emissions
* Mobile miners
* Weak on-chain demand
* No finality mechanisms
**Full thread:**
[https://x.com/ddadybayo/status/1951709830932009358](https://x.com/ddadybayo/status/1951709830932009358)
**Risk mitigation plan (until the FUD subsides):**
* For **Doge**, the best alternatives are: **Solana, Avalanche, NEAR, ATOM**.
* For **Kaspa**, the best alternative is **XNO**.
* Developer updates may take months.
* the market is likely to react and absorb the FUD in a bearish manner.
* Emotion are ok , but smart decisions are required