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re: Official CryptoTalk Thread
Posted on 4/6/21 at 4:14 pm to finchmeister08
Posted on 4/6/21 at 4:14 pm to finchmeister08
What are some NFT plays?
Posted on 4/6/21 at 4:39 pm to Douglas Quaid
If I want to buy COIN, how would one do that? I have a brokerage account with vanguard. Would I just buy the second it opened?
You know these crypto nuts are going to drive up the price 200%+ before it drops back to a regular price
You know these crypto nuts are going to drive up the price 200%+ before it drops back to a regular price
Posted on 4/6/21 at 5:09 pm to Large Farva
judge grants Ripple discovery of BTC and ETH as securities
interesting development. obviously bitcoin is not a security but I'm curious how they'll classify Ethereum
interesting development. obviously bitcoin is not a security but I'm curious how they'll classify Ethereum
Posted on 4/6/21 at 6:16 pm to Ron Cheramie
IPNFF (Imagine AR) is an interesting Canadian stock that is fairly new that that mainly deals with Augmented Reality (think of more advanced Pokemon-go) type stuff where you can walk around with your phone and place Flying Dragons and other stuff around. This may not be the right thread to talk about stocks, but since COIN was mentioned, this was one I found interesting.
They are partnered with the NBA and also involved in NFT's although that is not their main focus. I don't have a tremendous amount of shares in the company but they are a company that I believe can having a lot of growth and seem to already be on the right path. As always do you own DD if you are interested.
They are partnered with the NBA and also involved in NFT's although that is not their main focus. I don't have a tremendous amount of shares in the company but they are a company that I believe can having a lot of growth and seem to already be on the right path. As always do you own DD if you are interested.
This post was edited on 4/6/21 at 6:24 pm
Posted on 4/6/21 at 6:19 pm to finchmeister08
quote:
this guy would tell you to hold off on buying COIN initially.
forgot the link to youtube
I mean this isn’t the standard hypergrowth IPO story in that Coinbase is coming to market with $3B in annualized NI. It will be interesting to see where the valuation ends up but it’s funny that people scoffed at the $100B projected and now that likely turned out to be quite short.
SNOW came to market at 100x sales as a crude example. I’d jump at the chance to buy COIN at 33x earnings. PYPL is trading at 70+ and SQ barely turns a profit at its 100+ cap.
That said, the price obviously matters and that is still an unknown.
Posted on 4/6/21 at 6:41 pm to maclauer
and you know binance is preparing for an ipo next when they hired Baucus..
Posted on 4/6/21 at 7:13 pm to rocket31
quote:
judge grants Ripple discovery of BTC and ETH as securities interesting development. obviously bitcoin is not a security but I'm curious how they'll classify Ethereum
An interesting note fro the hearing today would also be that the SEC lawyer also noted that the SEC has not formally declared Bitcoin and Ethereum nonsecurities. They said in court today that the opinion was from a single commissioner in a speech and wasn’t the official standing of the SEC.
Posted on 4/6/21 at 7:35 pm to tigermed
yeah, good catch. btc should be fine because satoshi didnt take any disproportionate profits
going off that as a basis, eth is most likely fine too. the company that wrote the eth software dissolved at block #1, and the ICO investment was diluted over time.
xrp didnt do this, you can only buy the token from brad
so, depending on the ruling, this potentially places 99% of other crytpo projects in the "securities" category because they share a similar issuance mechanism as xrp
going off that as a basis, eth is most likely fine too. the company that wrote the eth software dissolved at block #1, and the ICO investment was diluted over time.
xrp didnt do this, you can only buy the token from brad
so, depending on the ruling, this potentially places 99% of other crytpo projects in the "securities" category because they share a similar issuance mechanism as xrp
This post was edited on 4/6/21 at 7:41 pm
Posted on 4/6/21 at 8:29 pm to rocket31
Vitalik openly said in a speech that he was selling 1000-2000 Eth for one Bitcoin as “fundraising” though. That is 100% the definition of a security.
Posted on 4/6/21 at 9:04 pm to tigermed
Posted on 4/6/21 at 9:14 pm to tigermed
yeah, the ETH case is interesting, i think they will argue that theyve separated from vitalik...if it ever came down to anything major with the sec
This post was edited on 4/6/21 at 9:15 pm
Posted on 4/6/21 at 9:14 pm to finchmeister08
how can anyone confidently watch that clip and hold fiat right now, just wtf 
Posted on 4/6/21 at 9:27 pm to rocket31
I mean, Jesus. This entire system seems like a wicked house of cards.
Fed prints money directly and prints it to buy treasury bonds that nobody wants because the interest rate sucks, and this keeps interest rates down while raining down more helicopter money.
You’d have to be blind not to see how utterly unsustainable this is.
Fed prints money directly and prints it to buy treasury bonds that nobody wants because the interest rate sucks, and this keeps interest rates down while raining down more helicopter money.
You’d have to be blind not to see how utterly unsustainable this is.
This post was edited on 4/6/21 at 9:28 pm
Posted on 4/6/21 at 9:28 pm to rocket31
quote:
w can anyone confidently watch that clip and hold fiat right now, just wtf
So how much of your net worth is in crypto?
Posted on 4/6/21 at 9:30 pm to Ross
quote:
You’d have to be blind not to see how utterly unsustainable this is.
And yet money managers in charge of billions buy 30 yr treasuries at sub 3% for the past decade plus.
I know this sounds crazy, but traditional inflation is actually very difficult to get going in a controlled manner.
Posted on 4/6/21 at 9:39 pm to finchmeister08
Posted on 4/6/21 at 9:40 pm to slackster
quote:Not enough right now. Only about 55%
So how much of your net worth is in crypto?
Posted on 4/6/21 at 9:43 pm to slackster
quote:
And yet money managers in charge of billions buy 30 yr treasuries at sub 3% for the past decade plus.
sounds like negative real yield for the next decade plus to me
Posted on 4/6/21 at 9:44 pm to tigermed
quote:
An interesting note fro the hearing today would also be that the SEC lawyer also noted that the SEC has not formally declared Bitcoin and Ethereum nonsecurities. They said in court today that the opinion was from a single commissioner in a speech and wasn’t the official standing of the SEC.
whats the significance? strictly hypothetically am i still going to jail for skipping taxes or no?
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