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Crypto baws: How confident are you in crypto moving forward?
Posted on 12/14/22 at 10:11 am
Posted on 12/14/22 at 10:11 am
(no message)
18
Posted on 12/14/22 at 10:52 am to boogiewoogie1978
I own 1 share of COIN.
Only bought it to see what happens.
Thus far I’ve lost money.
At some point in the future, it could work.
Only bought it to see what happens.
Thus far I’ve lost money.
At some point in the future, it could work.
Posted on 12/14/22 at 11:01 am to boogiewoogie1978
Is this a place for btc baws too?
This post was edited on 12/14/22 at 11:10 am
Posted on 12/14/22 at 11:04 am to 21JumpStreet
It’s a farce. What’s it going to take for you guys to realize this and go put your money somewhere else. It’s a greater fools theory all the way around period.
When both Jamie Dimon and Warren Buffett run from it, I’ll stay away as well.
When both Jamie Dimon and Warren Buffett run from it, I’ll stay away as well.
Posted on 12/14/22 at 12:35 pm to boogiewoogie1978
I'm confident in some crypto projects like ETH and MATIC. Most of my funds have been used on buying stocks recently though. Some of these prices are tough to pass on.
Posted on 12/14/22 at 12:51 pm to boogiewoogie1978
High confidence in Bitcoin, moderate confidence in Ethereum and meh confidence some of the other DeFi plays, zero confidence in 99.9% of projects. Decentralization doesn't make everything better, and most projects either lack utility or the efficiency gains of a centralized version of the utility outweighs any utility it provides as a decentralized service.
Posted on 12/14/22 at 1:20 pm to Ross
My mindset is similar to yours. ~25 projects will gain adoption and thrive. There are 1000s of projects that are trash, though this isn't that different from stocks.
BTC has highest probability of becoming entrenched, but also a lower upside from a price appreciation standpoint. Regulatory stance can let it thrive or kill it and will be key.
BTC has highest probability of becoming entrenched, but also a lower upside from a price appreciation standpoint. Regulatory stance can let it thrive or kill it and will be key.
Posted on 12/14/22 at 2:10 pm to boogiewoogie1978
Bitcoin only.
Posted on 12/14/22 at 2:17 pm to boogiewoogie1978
I'm not stopping my monthly buy of stocks or crypto. You want to buy valleys not peaks.
I'm buying HEX currently, then either LINK or ETH next. I'm a huge fan of passive income via staking rewards.
I'm buying HEX currently, then either LINK or ETH next. I'm a huge fan of passive income via staking rewards.
Posted on 12/14/22 at 3:18 pm to boogiewoogie1978
I'm really only confident in bitcoin going forward. I am not confident in crypto going forward. 99% of projects are still vaporware and will likely be taken down or prohibited by the SEC due to being unregistered securities. Crypto =/= bitcoin
Posted on 12/14/22 at 3:41 pm to tenderfoot tigah
quote:This is the one I really don't get. Everything about this Richard Heart dude or whatever his real name is, screams "scam and scammer," like the perfect example of an industry with unusually low barriers of entry, the promises of riches, and with little transparency and regulatory oversight that makes it ripe for scams and scammers.
I'm buying HEX currently,
Of course with crypto, once things finally settle, it will probably be the ones people least expected (SBF) who are the scammers and the ones people most expected who aren't.
Posted on 12/14/22 at 3:57 pm to boogiewoogie1978
My thoughts on the need to have decentralized options has not changed. I'm all for it. Decentralization may not be everyone's cup of tea, and that's okay, but we should at least have the option.
Posted on 12/14/22 at 4:02 pm to buckeye_vol
quote:
Everything about this Richard Heart dude or whatever his real name is, screams "scam and scammer," like the perfect example of an industry with unusually low barriers of entry, the promises of riches, and with little transparency and regulatory oversight that makes it ripe for scams and scammers.
You done did it now baw
Posted on 12/14/22 at 4:23 pm to boogiewoogie1978
I own 1.5 BTC, 3 Eth, and ~2,500 Chainlink that I bought in JAN 19 for ~$5K. It was once worth ~$170K and is now worth ~$55K I think. It is not a serious part of my retirement plan and I tell everyone that you should be ready to lose 100% of what you put in crypto.
I do think it will come back and go higher than we have seen, but if it does that is just lagniappe.
I do think it will come back and go higher than we have seen, but if it does that is just lagniappe.
This post was edited on 12/14/22 at 4:33 pm
Posted on 12/14/22 at 4:56 pm to boogiewoogie1978
It’s such a huge gamble as a currency and as an investment.
No one here uses it as a currency. They might say they do but they don’t.
Governments are going To be gunning for crypto, China won’t allow it, and the concept that it’s an inflation hedge has been blown to smithereens
I wouldn’t get involved with any crypto currency from a usage standpoint and certainly would not invest. Maybe trade it.
The blockchain is legit and I invest in that.
No one here uses it as a currency. They might say they do but they don’t.
Governments are going To be gunning for crypto, China won’t allow it, and the concept that it’s an inflation hedge has been blown to smithereens
I wouldn’t get involved with any crypto currency from a usage standpoint and certainly would not invest. Maybe trade it.
The blockchain is legit and I invest in that.
This post was edited on 12/14/22 at 4:59 pm
Posted on 12/14/22 at 5:19 pm to SlidellCajun
How does one invest in the blockchain?
Posted on 12/14/22 at 6:03 pm to boogiewoogie1978
confident the casino will return one day and when it does ill play. Might be a while. I love the "future of finance" ponzi.
Posted on 12/14/22 at 6:12 pm to down time
4 year cycle. Easiest gains ever.
Posted on 12/14/22 at 6:22 pm to buckeye_vol
quote:
This is the one I really don't get. Everything about this Richard Heart dude or whatever his real name is, screams "scam and scammer," like the perfect example of an industry with unusually low barriers of entry, the promises of riches, and with little transparency and regulatory oversight that makes it ripe for scams and scammers.
The dude has been right about pretty much everything in crypto. lol.
Posted on 12/14/22 at 7:54 pm to buckeye_vol
Yes Richard Heart embodies what the typical scammer in the dictionary would look and act like imo. However, Hex is just code. Everything is out there and there’s no admin keys for the creator to make any changes. Hex is what it is at this point, there’s no rug pulling. One could say he could dump his massive stack on everyone’s faces but that’s a risk people know about.
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