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Started By
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re: Crypto - are you still invested?
Posted on 11/17/22 at 10:22 am to TheOcean
Posted on 11/17/22 at 10:22 am to TheOcean
quote:
Won't be selling for years
Good luck with that. Now that they are openly admitting that FedCoin is a reality, all other forms of digital currency will be banned.
And I imagine that happens before the '24 elections
2
Posted on 11/17/22 at 10:29 am to RobbBobb
quote:
Good luck with that. Now that they are openly admitting that FedCoin is a reality, all other forms of digital currency will be banned.
They're not cutting off that tax revenue. We'll get additional regulation, but they won't outright ban it.
Posted on 11/17/22 at 10:38 am to LordSaintly
quote:
They're not cutting off that tax revenue. We'll get additional regulation, but they won't outright ban it.
Really? Isnt other fiat currencies banned for transactions by US govt? Wonder why they wouldnt want tax revenue from those dollars too?
Posted on 11/17/22 at 10:42 am to RobbBobb
Continuing to DCA weekly into Bitcoin.
I feel the same about it now as I did at $800 and at $69k
I feel the same about it now as I did at $800 and at $69k
Posted on 11/17/22 at 10:46 am to RobbBobb
The crypto spigot has already been opened though.
Posted on 11/17/22 at 11:55 am to mytigger
Yes
Started buying more recently
Eta: most of crypto is vapor ware. started buying bitcoin and hex*
Started buying more recently
Eta: most of crypto is vapor ware. started buying bitcoin and hex*
This post was edited on 11/17/22 at 11:58 am
Posted on 11/17/22 at 1:20 pm to mytigger
This should be a fun thread. Bunch of guys who don’t know dick about crypto saying its dead.
I’ve lost count with how many times crypto has been declared dead
I’ve lost count with how many times crypto has been declared dead
Posted on 11/17/22 at 2:09 pm to LordSaintly
quote:
The crypto spigot has already been opened though.
That means its no different than the Confederate dollar after the Civil War ended. Confederate dollars were used for 4 years in US states, until the Union declared them obsolete. They can no longer be used as legal tender
Same thing will happen to crypto. Once FedCoin is up and running, the govt will not allow competitors
Posted on 11/17/22 at 2:21 pm to Weagle25
I’ve been putting heavy money into cumswap token #yolo
Posted on 11/17/22 at 3:50 pm to RobbBobb
quote:
Once FedCoin is up and running, the govt will not allow competitors
Oh no. Guess that means I should roll over and take it from Uncle Sam.
quote:
They can no longer be used as legal tender
Bu they can still be exchanged for goods if someone sees value in them.
Posted on 11/17/22 at 3:55 pm to RobbBobb
quote:
Same thing will happen to crypto. Once FedCoin is up and running, the govt will not allow competitors
You do realize there is literally an exchange in existence that lets you trade and bet against the US dollar?
Posted on 11/17/22 at 3:55 pm to philly444
This thread made me go check my coinbase pro account because I haven’t looked at it in about 9 months. I started a few years ago with $3200 and it’s now at $900. Guess I’ll leave it and see if it ever makes a comeback.
Posted on 11/17/22 at 6:55 pm to Ron Cheramie
You’re right. I try to set rules for selling and buying but sometimes you get caught up in the momentum.
Posted on 11/17/22 at 9:33 pm to RobbBobb
quote:FedCoin already failed in Africa (I forget the country). That was the first global "field test". It wasn't adopted. Nobody wanted it.
Now that they are openly admitting that FedCoin is a reality, all other forms of digital currency will be banned.
I worked at Omniture for 5+ years before we went public then were ultimately acquired by Adobe. When we were at Omniture, the biggest fear we had was when Google released their free Google Analytics platform. We all thought that Google was going to give something away for free for what Omniture was charging people for, thus killing the company. The Google's Analytics platform sucked comparatively, and what Google ultimately did is taught companies and the internet masses about internet/website analytics tools. The trajectory of Omniture became a J-Curve.
I foresee a similar result with FedCoin as Google if it even gets that far. Banning Bitcoin is impossible now.
This post was edited on 11/17/22 at 9:55 pm
Posted on 11/20/22 at 7:40 pm to LordSaintly
quote:
I'm DCAing.
quote:
the fundamentals of the good projects haven't changed
Can these "fundamentals" be enumerated?
Posted on 11/20/22 at 7:43 pm to TigerTatorTots
quote:
Eta: most of crypto is vapor ware.
quote:
started buying bitcoin and hex
Posted on 11/20/22 at 8:13 pm to Grievous Angel
What?
Posted on 11/20/22 at 8:16 pm to mytigger
I have some ETH2 staked on Coinbase, but that's about it.
I think that FedCoin is just an internal/centralized Blockchain between banks and the federal reserve. Not something that will be used for consumer transactions.
quote:
Good luck with that. Now that they are openly admitting that FedCoin is a reality, all other forms of digital currency will be banned.
I think that FedCoin is just an internal/centralized Blockchain between banks and the federal reserve. Not something that will be used for consumer transactions.
This post was edited on 11/20/22 at 8:22 pm
Posted on 11/20/22 at 8:38 pm to saderade
quote:
This thread made me go check my coinbase pro account because I haven’t looked at it in about 9 months.
you have 24hrs to move it to Coinbase "regular" before they do it for you. Coinbase Pro is going away.
Posted on 11/21/22 at 1:23 pm to Hulkklogan
Which chain?
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