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Started By
Message
1
Posted on 5/17/22 at 4:35 pm to 21JumpStreet
quote:oohh look another one.
Probably closer to 99%. There's bitcoin and there's shitcoins.
Posted on 5/17/22 at 4:39 pm to TigerIron
Can you name an investment that goes up in price if no one is willing to buy it?
You think people that invested in Chinese real estate were investing in livable units?
No, that’s why the bottom fell out but hey, it’s a stock so it’s legit!
You think people that invested in Chinese real estate were investing in livable units?
No, that’s why the bottom fell out but hey, it’s a stock so it’s legit!
Posted on 5/17/22 at 4:40 pm to TigerIron
quote:you don't understand hex. I figured you didn't.
When someone buys into Hex's "crypto version of a CD," in what are the funds invested? What generates the returns?
quote:oh, bitcoin is a scam to you.
the answer is "minting more coins," or "more people putting money in," then it's a scam
quote:every speculative asset on the planet.
"more people putting money in,"
Hex is simply bitcoin with a proof of work change. Stakers protect the price and get inflation. Bitcoin miners get inflation and dump the price.
This post was edited on 5/17/22 at 4:46 pm
Posted on 5/17/22 at 4:42 pm to TigerIron
quote:now do bitcoin... now do gold... now do the USD.... now do frog skins, wampum, stocks, etc.....
why it has value or is going to make money
This post was edited on 5/17/22 at 4:43 pm
Posted on 5/17/22 at 4:49 pm to TigerIron
quote:the way you make accusations and have nothing to back it up has even less substance.
The way that you respond with denials but no substance
quote:basically the whole fricking world market.
"more people putting money in," then it's a scam.
This post was edited on 5/17/22 at 5:09 pm
Posted on 5/17/22 at 6:38 pm to TigerIron
What investments are you in TigerIron and why?
Posted on 5/17/22 at 6:58 pm to CarRamrod
Yes?
Posted on 5/17/22 at 7:31 pm to tduecen
People who were "IN" crypto 10 years ago are retired. You aren't. 
Posted on 5/17/22 at 7:37 pm to CarRamrod
If you believe that however, Wiki brought it to the board in 2011 or 12 I made my first purchase. I've bought and sold throughout the 10 years since.
I've stated before crypto has paid for my degree, my house, and vacations.
I've stated before crypto has paid for my degree, my house, and vacations.
This post was edited on 5/17/22 at 7:53 pm
Posted on 5/17/22 at 7:54 pm to tduecen
So a wrecked trader.
Posted on 5/17/22 at 8:02 pm to CarRamrod
Nah, I'm comfortable with what i own, but I've spent chunks here and there.
A few others here I know, invested more than me and haven't sold yet. They are certainly more comfortable than me.
A few others here I know, invested more than me and haven't sold yet. They are certainly more comfortable than me.
This post was edited on 5/17/22 at 8:03 pm
Posted on 5/17/22 at 8:11 pm to tduecen
Well this thread isn't meant to have crypto people fight each other so I'll back off. Tenderfoot says it right and we should be helping each other out to succeed.
This post was edited on 5/17/22 at 8:11 pm
Posted on 5/17/22 at 9:33 pm to TigerIron
quote:The inflationary aspect (~3.6%) of the coin pays out the APR. Because only ~10% are staked there is currently a much larger amount of the inflation to go around to the stakers. If 80% of coins were staked, it would be no where near the APR % we see today.
When someone buys into Hex's "crypto version of a CD," in what are the funds invested? What generates the returns?
Posted on 5/18/22 at 8:55 am to bayoubengals88
Question to crypto users and investors
Would you accept it as currency in exchange for the sale of something very valuable to you? Ie home, family heirlooms, car, etc?
Would you accept it as currency in exchange for the sale of something very valuable to you? Ie home, family heirlooms, car, etc?
Posted on 5/18/22 at 9:03 am to SlidellCajun
I view BTC as a savings account of sorts, so I appreciate the ability to use it as payment but would only do so under very specific circumstances where I need to tap into savings.
Posted on 5/18/22 at 9:23 am to SlidellCajun
quote:
Question to crypto users and investors
Would you accept it as currency in exchange for the sale of something very valuable to you? Ie home, family heirlooms, car, etc?
I would 100%. I would then just convert as needed. However, the only crypto I would actively accept with regards to selling something large, like a car, home, etc would be btc.
For example, I find it safer to use this method when purchasing say a motorcycle from a buyer as opposed to walking around with 5K+. Much harder to get ripped off.
This post was edited on 5/18/22 at 9:25 am
Posted on 5/18/22 at 10:11 am to SlidellCajun
Of course. Why wouldn't I?
The only exception would be if I needed the fiat immediately for some reason. You collect damn good interest on crypto. Even if you think crypto is in a bear market, I can exchange it for USDC and earn 10% interest on it.
Voyager is rolling out their bank accounts. The money is held in USDC. You have a bank account number and routing number. You can use the account just like any other checking account (checks, debit cards, transfers, etc.), except this one pays amazing interest.
quote:
Would you accept it as currency in exchange for the sale of something very valuable to you? Ie home, family
The only exception would be if I needed the fiat immediately for some reason. You collect damn good interest on crypto. Even if you think crypto is in a bear market, I can exchange it for USDC and earn 10% interest on it.
Voyager is rolling out their bank accounts. The money is held in USDC. You have a bank account number and routing number. You can use the account just like any other checking account (checks, debit cards, transfers, etc.), except this one pays amazing interest.
Posted on 5/18/22 at 10:18 am to tenderfoot tigah
quote:
Of course. Why wouldn't I?
Well what if you sold your house valued at $1mm for the listed price of $1mm and they buyer used cryptocurrency for the purchase.
You sign the contract to accept the crypto currency and everything is fine for 30 days and then the day before the closing, the value of the cryptocurrency drops 25%.
Would that matter to you?
This post was edited on 5/18/22 at 10:26 am
Posted on 5/18/22 at 10:26 am to SlidellCajun
quote:
Well what if you sold your house valued at $1mm for the listed price of $1mm and they buyer used cryptocurrency for the purchase.
You sign the contract to accept the crypto currency and everything is fine for 30 days and then the day before the closing, the value of the cryptocurrency drops 25%.
Would that matter to you?
Simple, write the contract that the day of the sale, you get a USD value in whatever medium of exchange you are using.
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