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Message
re: Crypto is Gen Z’s Beanie Babies
Posted on 6/15/22 at 9:14 am to TigerTatorTots
Posted on 6/15/22 at 9:14 am to TigerTatorTots
sometimes it's just entertaining to watch nerds fall flat on their faces.
0
Posted on 6/15/22 at 9:14 am to Jon Ham
quote:
Except for the fact that Bitcoin has a limited supply, what’s the difference?
Sentiment and adoption. Doge's unlimited supply is a big difference too though.
Posted on 6/15/22 at 9:22 am to Jon Ham
Steps when getting into crypto
1. Getting convinced by someone else that it is worth $X
2. Buy in
3. Become the biggest salesman of crypto on family/friends/social media/tigerdroppings to convince others to buy it at a higher price than you
4. Sell after it hopefully goes up
1. Getting convinced by someone else that it is worth $X
2. Buy in
3. Become the biggest salesman of crypto on family/friends/social media/tigerdroppings to convince others to buy it at a higher price than you
4. Sell after it hopefully goes up
This post was edited on 6/15/22 at 9:23 am
Posted on 6/15/22 at 9:34 am to DVinBR
“Buy this digital currency, it’s better than the dollar!”
Yet the only way you gauge its value is by how many dollars you can buy with it.
Yet the only way you gauge its value is by how many dollars you can buy with it.
Posted on 6/15/22 at 9:38 am to DVinBR
quote:
1. Getting convinced by someone else that it is worth $X
quote:
Sell after it hopefully goes up
Congrats, you just described every asset in the world
Posted on 6/15/22 at 9:41 am to WG_Dawg
quote:
pump and dumps usually don't take over a decade to happen.
Bitcoin started 2022 nearly twice as valuable as it was in January 2021, capping a year that saw cryptocurrency explode in mainstream interest and curiosity.
Along with institutional adoption and government regulatory interest, these crypto newcomers are influencing the once-fringe crypto landscape and moving the needle toward mainstream adoption. “Fifty-one percent of Americans who own cryptocurrency bought it in the last 12 months,” says Lisa Lewis, a certified public accountant at TurboTax, citing data from a survey her company did earlier this year.
In most cases, and as many experts recommend, crypto newbies buy Bitcoin or the most popular altcoin (alternative coin), Ethereum. Bitcoin (BTC) reached an all-time high of over $68,000 in November 2021 after starting the year at just under $30,000, and the crypto industry as a whole grew to a total market cap of more than $2 trillion. Meanwhile, Ether (ETH), has shot up from about $737 to around $3,000, depending on the day.
Posted on 6/15/22 at 9:42 am to deNYEd
quote:
Congrats, you just described every asset in the world
Traditional investments are things like business that own assets, produce desirable goods and services, bring in money, and are generally expected to generate even higher rates of income in the future.
Bitcoin are digital strings of code that people buy because they think someone else in the future will be willing to buy those digital string of code for more.
But yes, you are right in the sense that for both traditional investments and crypto the strategy is to buy low and sell high.
Posted on 6/15/22 at 9:49 am to Jon Ham
quote:
Traditional investments are things like business that own assets, produce desirable goods and services, bring in money, and are generally expected to generate even higher rates of income in the future.
all speculative. non-dividend stocks are the same. You own a piece of paper(you actually don't even have that bc possessed by a clearinghouse). stock prices are not derived from a company's assets or earnings. You speculate that they are or will be but the truth is the only value is if someone else is willing to buy that piece of paper for more.
Posted on 6/15/22 at 9:52 am to chryso
quote:
guess with Better Call Saul on a break you needed to move your posting style to the OT.
Are you confusing him with ham solo?
Posted on 6/15/22 at 9:52 am to Jon Ham
It's amazing that a group of conservatives hate crypto.
Conservatives should be cheering for decentralization, not dunking on it.
Owning crypto is appearing to be an intelligence barrier. The people who don't own crypto tend to not understand it.
Here is a perfect example:
Jon Ham, explain Ethereum.
Conservatives should be cheering for decentralization, not dunking on it.
Owning crypto is appearing to be an intelligence barrier. The people who don't own crypto tend to not understand it.
Here is a perfect example:
Jon Ham, explain Ethereum.
Posted on 6/15/22 at 9:55 am to tenderfoot tigah
quote:This is what I'm pretty shocked at.
Conservatives should be cheering for decentralization, not dunking on it.
Posted on 6/15/22 at 9:56 am to deNYEd
Posted on 6/15/22 at 9:58 am to tenderfoot tigah
I think people derive joy from it because in general, crypto owners are an incredibly arrogant group.
For example, see your post...
For example, see your post...
Posted on 6/15/22 at 10:04 am to Displaced
quote:
I think people derive joy from it because in general, crypto owners are an incredibly arrogant group.
For example, see your post...
It is frustrating in any setting when people whom have done little to no actual research are attempting to school you on an asset class that they don't know a fricking thing about. I have even more clarity on this issue bc I was once one of the ignorant. I too said dumb shite like "fake internet money" and dismissed it as a scam. My early ignorance kept me from making millions. The difference between me and you is that you will reluctantly be at the top of the S curve whether you like it or not.
Posted on 6/15/22 at 10:06 am to deNYEd
quote:
all speculative. non-dividend stocks are the same. You own a piece of paper
You own a % share of the company.
quote:
the truth is the only value is if someone else is willing to buy that piece of paper for more.
No, I still own my % share of the company which entitles me to that % of the company’s net worth even if no one wants to buy my ownership interest from me.
Posted on 6/15/22 at 10:08 am to Displaced
quote:
I think people derive joy from it because in general, crypto owners are an incredibly arrogant group.
For example, see your post
If you knew about projects like Ethereum, you would be confident too. But you rather high five your buddies when food is being taken off the table of others and when many stocks are down just as much.
Posted on 6/15/22 at 10:08 am to Jon Ham
people pout this shite every time it dips hard, and everytime it comes back to break records.
so ok, thanks for the input. its just smart to make it part of a diversified portfolio.
so ok, thanks for the input. its just smart to make it part of a diversified portfolio.
Posted on 6/15/22 at 10:10 am to Jon Ham
quote:
You own a % share of the company.
quote:
the truth is the only value is if someone else is willing to buy that piece of paper for more.
No, I still own my % share of the company which entitles me to that % of the company’s net worth even if no one wants to buy my ownership interest from me.
How is this any different than Ethereum?
Posted on 6/15/22 at 10:12 am to Jon Ham
quote:
You own a % share of the company.
that does not entitle you to shite. They don't share profits with you. You are lucky if common shares even vote. and if/when they dissolve you are the last in line and never get shite either. Understanding the sham that legacy finance really is will make your transition to crypto easier. better start now
This post was edited on 6/15/22 at 10:15 am
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