- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Crypto: Love it when protecting your users consists of pausing withdrawals
Posted on 11/12/22 at 5:31 am to SlowFlowPro
Posted on 11/12/22 at 5:31 am to SlowFlowPro
quote:
Once BTC/crypto became a speculative security, what BTC was created for went out the window
speculative bubble or not, as these bubbles pop what you are left with is the fundamentals of the underlying technology. You can either choose to use that technology as it was intended or put yourself at risk by handing your assets to irresponsible exchanges, or you can choose to leave the space entirely. I haven’t noticed the latter happening in my demographic, because while a lot of people did get swept up in the mania, a non-negligible subset of these people actually do see an appeal in the existence of the BTC network and think others will one day too.
I’ll just say there is a reason you can find Ledgers in Best Buy now, there is a demand for cold storage because in my view, as speculative bubbles pop, lessons are learned about best practices; and the market will inevitably converge to the what the fundamental value proposition of the technology is.
This post was edited on 11/12/22 at 5:42 am
Posted on 11/12/22 at 9:49 am to Ross
quote:
I’ll just say there is a reason you can find Ledgers in Best Buy now, there is a demand for cold storage
So are most of you folks buying your crypto on a centralized exchange (using your country’s currency), and then storing it on a device? And when you want to sell or trade it, you then use a DEX?
Posted on 11/12/22 at 9:58 am to Ross
quote:
speculative bubble or not, as these bubbles pop what you are left with is the fundamentals of the underlying technology
Exactly. The internet didn’t die when the dot com bubble burst. The services with real utility and use cases survived.
BTC and ETH are going nowhere. It’s laughable to think otherwise.
Shiba Inu and DogeCoin will die.
Posted on 11/12/22 at 10:21 am to LordSaintly
quote:
BTC and ETH are going nowhere. It’s laughable to think otherwise.
Shiba Inu and DogeCoin will die.
I've never claimed BTC and ETH will die, but it's more likely that these are the only 2 survivors of any real value than, say, 20 survive of any real value? Maybe 50?
Posted on 11/12/22 at 10:33 am to LordSaintly
quote:
Exactly. The internet didn’t die when the dot com bubble burst. The services with real utility and use cases survived. BTC and ETH are going nowhere. It’s laughable to think otherwise.
Is it really analogous? Is there any 90’s hardware or software that’s still in demand.
Posted on 11/12/22 at 10:53 am to Jag_Warrior
quote:
So are most of you folks buying your crypto on a centralized exchange (using your country’s currency), and then storing it on a device? And when you want to sell or trade it, you then use a DEX?
Yup. I only use centralized exchanges to get fiat in and out.
I use a hardware device to hold several different stables, with USDC being my most trusted.
Then, I have 40-50 active metamask wallets for swapping on the dex side.
Posted on 11/12/22 at 10:55 am to TSLG
Sounds like something everyone could just jump into.
Not.
Not.
Posted on 11/12/22 at 10:56 am to JKLazurus
quote:
Is it really analogous? Is there any 90’s hardware or software that’s still in demand.
Competitors entered the space and won out. It doesn’t mean that the industry died or the tech suddenly stopped being useful.
This post was edited on 11/12/22 at 10:58 am
Posted on 11/14/22 at 9:48 pm to Street Hawk
first MTGOX and now FTX
when will people learn?
when will people learn?
Posted on 11/14/22 at 11:14 pm to DVinBR
quote:
when will people learn?
Bitcoin is still up 162,172,942%.
Ethereum is still up 300,000%.
I'm wondering the same thing. When are more people going to invest in crypto and stop wasting their best years earning 10% in mutual funds.
Posted on 11/14/22 at 11:19 pm to tenderfoot tigah
quote:
Bitcoin is still up 162,172,942%.
when are you going to stop lying to yourself that this can happen again?
just follow the cycle? greater fools pump it during a winter, it shoots up as new greater fools into during a winter, dump it
you only have so many greater fools
This post was edited on 11/14/22 at 11:22 pm
Posted on 11/15/22 at 2:54 am to DVinBR
I guess I'm going to have to settle for 300,000% gains in 5 years.
Posted on 11/15/22 at 3:16 pm to MrLSU
vegetarianism sucks. Get back to coding.
Posted on 11/15/22 at 6:37 pm to TSLG
quote:
Yup. I only use centralized exchanges to get fiat in and out.
I use a hardware device to hold several different stables, with USDC being my most trusted.
Then, I have 40-50 active metamask wallets for swapping on the dex side.
What's wrong with just investing in CocaCola, Apple, Chevron, Bank of America and such? Why go through all that? What if you lose your fricking USB stick with all the ones and zeros?
Call me old school, but unless you can show me you have got 10x or 100x better returns over a sustained period of time investing in crypto, tokens, DeFi and other shite, the stock market is good enough for me.
Posted on 11/15/22 at 8:45 pm to iPadThai
quote:
Call me old school, but unless you can show me you have got 10x or 100x better returns over a sustained period of time investing in crypto, tokens, DeFi and other shite, the stock market is good enough for me.
Scroll up and read my posts.
Here is a chart for you with other commonly known projects:

Posted on 11/15/22 at 9:33 pm to iPadThai
quote:
What's wrong with just investing in CocaCola, Apple, Chevron, Bank of America and such?
The young people love coins and arent leaving. they can get a big win and then move to less volatile assets. It's player vs player gambling. Using margin and shorting fastest way to 0.
This post was edited on 11/15/22 at 9:48 pm
Posted on 11/15/22 at 9:40 pm to iPadThai
quote:
What's wrong with just investing in CocaCola, Apple, Chevron, Bank of America and such?
I do that too.
Posted on 11/15/22 at 10:02 pm to DVinBR
quote:
first MTGOX and now FTX
when will people learn?
That's what I'm saying. Self custody your coins, dont leave them on exchanges.
Popular
Back to top
