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Started By
Message
re: Official CryptoTalk Thread
Posted on 10/25/19 at 9:07 pm to buckeye_vol
Posted on 10/25/19 at 9:07 pm to buckeye_vol
sup bro . you get you some Linkies yet??
Posted on 10/25/19 at 9:36 pm to CE Tiger
Holy shite balls Batman ! Wtf is going on today ?
This post was edited on 10/25/19 at 9:37 pm
Posted on 10/25/19 at 10:42 pm to DreauxB2015
i lost lots of sat value to my
portfolio is what happened lol
portfolio is what happened lol
Posted on 10/25/19 at 10:45 pm to CE Tiger
quote:Nope. I think you could very well make a lot on your investment given the nature of the crypto market (like the 2017 craze).
sup bro . you get you some Linkies yet??
I think it’s unlikely to revolutionize anything and even less likely that it’s going to have mass adoption.
In other words, I think anyone of these scenarios is more than both of those happening:
1. The idea itself doesn’t revolutionize anything and the technology never really gets finished (least likely of these).
2. Some else gets the technology completed first.
3. They get the technology competed first, but someone who finished later ends up being adopted by the masses.
4. They get the technology completed first (or even the only one to do it), and it never gets adopted by the masses.
Here is the gist of my view:
1. Of all the ideas that have been attempted to be turned into something useful, fewer end up being food ideas.
2. Of those that are good, even fewer end up competed and realized.
3. Of those that are good and realized, fewer have the potential to actually make much off of it.
4. Of those that are good, realized, and have money-making potential, fewer make money.
5. And finally, of those that are good, realized, money-making potential, and make money, fewer are made by the original idea maker.
So knowing all that, if I truly thought I had an amazing idea that’s going make a lot of money, I’m not going to present my idea, and worse my plan, for that idea for everyone to see so I can raise money from a large group people who don’t posses, let alone will provide, the technical, financial, or any other expertise to help me realize the project as efficiently and effectively as possible.
And I’m surely not going to do that, when I know there are huge companies with connections all over the world with far superior technical, financial, and logistical expertise and resources that could take that idea, and worse again, the plan I laid forth, and have a far greater likelihood to complete the idea and make that money off of it.
In a cutthroat business world where tech companies are some of the most cutthroat and powerful, employing the best and brightest, it’s going to be some guy with a philosophy degree and after some relatively obscure and unsuccessful attempts to create a business, who is going to not only have a revolutionary money-making idea and make that idea happen, he’s going to essentially hand them the blue print of all and still best them at it.
This post was edited on 10/25/19 at 10:46 pm
Posted on 10/25/19 at 11:59 pm to CE Tiger
In addition, there has been increasing bipartisan scrutiny, with calls for regulation, investigations, or just plain changes to the law regarding their taxes (or lack thereof) and handling of personal data into companies and sector that is vital to its money-making and mass adoption potential. So there are probably some (maybe many) barriers to entering into a financial partnership with these companies, especially if there is any connection to their systems and/or data.
Not only does a company probably have to convince the technical experts and business leaders of its value, it has to convince the legal team and PR department as well. So one of the most obvious, fundamental, and relatively basic things a company should always do to attract business is avoid any appearance of illegitimacy or deception, but it’s especially true when there is an increasing focus on it.
So while I know it’s the norm for cryptos and doesn’t mean anything shady is happening at all, but an American company registered in the Cayman Islands, with its history as a tax haven, and its association with shady, if not outright criminal companies, is definitely not going to help it fight those headwinds.
In fact, I don’t know why they (or any new American company) would register there in the first place, let alone given the reputation. It’s probably not because they’re shady and planning a scam but that’s always a possibility. And even though it’s more likely, the other possibility is that why didn’t consider or realize the unnecessary risk of the appearance of it, and that’s not a good sign of the decision-making, leadership, and ultimately potential of the company.
And in case you’re going to dismiss this, here is a recent article I found when I was googling Caymans and taxes:
Corporate America flees zero-tax Caribbean havens after crackdown
And we’re supposed to believe that lack of common sense is going to revolutionize something complex and make a lot of money on it?
Not only does a company probably have to convince the technical experts and business leaders of its value, it has to convince the legal team and PR department as well. So one of the most obvious, fundamental, and relatively basic things a company should always do to attract business is avoid any appearance of illegitimacy or deception, but it’s especially true when there is an increasing focus on it.
So while I know it’s the norm for cryptos and doesn’t mean anything shady is happening at all, but an American company registered in the Cayman Islands, with its history as a tax haven, and its association with shady, if not outright criminal companies, is definitely not going to help it fight those headwinds.
In fact, I don’t know why they (or any new American company) would register there in the first place, let alone given the reputation. It’s probably not because they’re shady and planning a scam but that’s always a possibility. And even though it’s more likely, the other possibility is that why didn’t consider or realize the unnecessary risk of the appearance of it, and that’s not a good sign of the decision-making, leadership, and ultimately potential of the company.
And in case you’re going to dismiss this, here is a recent article I found when I was googling Caymans and taxes:
Corporate America flees zero-tax Caribbean havens after crackdown
quote:So as corporate America flees from a location to appear more legitimate, this company with this revolutionary idea decides to flee to before they attempt to convince that same corporate America to give them their money and work with their systems.
Many U.S. multinational corporations have packed up or are choosing to open subsidiaries in low-tax, rather than no-tax, countries that are seen as more legitimate than the formerly popular island destinations of the Cayman Islands and the Bahamas.
And we’re supposed to believe that lack of common sense is going to revolutionize something complex and make a lot of money on it?
This post was edited on 10/26/19 at 12:00 am
Posted on 10/30/19 at 3:36 pm to DreauxB2015
Man i was getting Link vibes on RLC at 28cents a few weeks ago. fricker is up to 60 cents
Posted on 10/30/19 at 6:07 pm to CE Tiger
Has anyone found any trading groups that have worked for you guys? I found one sports trading bitcoin that has been really passive... any others...
Posted on 11/6/19 at 5:58 pm to dabigfella
FYI finally got access to Robinhood crypto and able to buy BTC and ETH through the Robinhood app
Posted on 11/13/19 at 12:36 pm to VinegarStrokes
Patience baw - this is only the beginning - we still early for LINK
Posted on 11/13/19 at 4:40 pm to DreauxB2015
quote:
Patience baw - this is only the beginning - we still early for LINK
?
I've had LINK for a while now. Simply stating that it was moving up like every other time a sharp increase happens in this thread.
Posted on 11/14/19 at 7:22 pm to CE Tiger
I know this board is mostly a LINK board now, but looking into XVG and VET right now. Both had a big pump today, which I'm sure is just that -a pump.
However, what's the board's thoughts on these projects?
However, what's the board's thoughts on these projects?
Posted on 11/20/19 at 10:17 am to CE Tiger
Nobody saying much, must be time to buy
Posted on 11/21/19 at 9:31 am to RATeamWannabe
BTC is going downnnnnnnnnnn! TIMBER!!
Posted on 11/21/19 at 11:17 am to DreauxB2015
yep, knew it was buying season soon! And payday is tomorrow
Posted on 11/27/19 at 6:13 pm to RATeamWannabe
So embarrassed to say this, I bought in BTC at 2k so I've made some money but right now I'm losing money because a few thing I ended up buying I no longer have access to like ECA.so I have about 8200 between BTC, BNB, and Link and debating on selling it all. I have about 500 in ECA but I can not get it back.
So debating selling everything I have and just getting out of crypto completely
So debating selling everything I have and just getting out of crypto completely
This post was edited on 11/27/19 at 6:14 pm
Posted on 11/27/19 at 6:16 pm to tduecen
Wait until end of 2020 to sell your BTC. Research Bitcoin Stock to Flow model.
You're welcome
You're welcome
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