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Started By
Message
re: People buying these Crypto Currencies
Posted on 11/12/21 at 1:13 pm to FLObserver
Posted on 11/12/21 at 1:13 pm to FLObserver
If you're not willing to take the time to read and look into the use cases of different blockchains, parachains or Background technology, or even take the time to think about human nature and the worldview of the upcoming generations, then there is nothing anyone here can tell you that will make you begin to think positively about crypto, and you are just trolling.
I knew almost nothing about crypto 1.5 years ago, am not a computer or technology person at all, and my curiosity journey started in the crypto thread on here. I have dug in and learned a whole lot more since then and read a lot before ever investing. I am not a massive risk taker, I am focused on the blockchain technology that I believe younger people (who grew up with a phone glued to their hand and live a large part of their social lives online) especially are using and will continue to use in their daily lives.
There is market manipulation and risk in anything where money is involved, and if you trust the big business leaders and world politicians who have proven they will make and tank markets behind the scenes for their personal gains then have at it. As for me, I'd rather take my chances with the growth built by a core of people heavily interested in decentralization and the opportunity for average people to build and gain wealth. they are also focused on building things for the world that our younger generations are living their lives in and they will be the ones pushing the growth sector as we age into our retirement years.
Just one assholes personal opinion. It and 1 SOL will buy you a pretty damn nice dinner and drinks right now.
I knew almost nothing about crypto 1.5 years ago, am not a computer or technology person at all, and my curiosity journey started in the crypto thread on here. I have dug in and learned a whole lot more since then and read a lot before ever investing. I am not a massive risk taker, I am focused on the blockchain technology that I believe younger people (who grew up with a phone glued to their hand and live a large part of their social lives online) especially are using and will continue to use in their daily lives.
There is market manipulation and risk in anything where money is involved, and if you trust the big business leaders and world politicians who have proven they will make and tank markets behind the scenes for their personal gains then have at it. As for me, I'd rather take my chances with the growth built by a core of people heavily interested in decentralization and the opportunity for average people to build and gain wealth. they are also focused on building things for the world that our younger generations are living their lives in and they will be the ones pushing the growth sector as we age into our retirement years.
Just one assholes personal opinion. It and 1 SOL will buy you a pretty damn nice dinner and drinks right now.
This post was edited on 11/12/21 at 1:16 pm
1
Posted on 11/12/21 at 3:25 pm to adamau
I just started buying shite coins. I've been crash coursing myself the last week or two. I've turned $200 into $400+. One coin looks like it will make a good chunk in the next month or two. Got another on my radar that looks to have promising gains in the 4 month range.
Lots of zero's behind the decimal, goals of some actual use, and social media hype = profit. Just have to get in early before they hit many exchanges.
Lots of zero's behind the decimal, goals of some actual use, and social media hype = profit. Just have to get in early before they hit many exchanges.
Posted on 11/12/21 at 5:16 pm to FLObserver
the only crypto i invest in is FJB
https://coinmarketcap.com/currencies/letsgobrandoncoin/
https://coinmarketcap.com/currencies/letsgobrandoncoin/
This post was edited on 11/12/21 at 5:17 pm
Posted on 11/12/21 at 11:41 pm to DVinBR
I'm interested. I have cleaned up buying stocks: Mara,RIOT and hut over the past few months. These seem to follow bitcoin movement.Which im ok with because it is the most stable Crypto currently. I do have a coinbase account and appreciate the helpful advice given. Convincing me on all the other choices minus bitcoin currently will take more time especially since bitcoin seems to be the only crypto that is even being accepted as a payment form these days.For now my gambling on Crypto will stay limited to the 3 stocks i own 
This post was edited on 11/12/21 at 11:47 pm
Posted on 11/13/21 at 7:28 am to oklahogjr
quote:
Why would we use Bitcoin for this vs Ethereum?
The main reason is POW is more secure period.
Posted on 11/14/21 at 9:01 pm to boogiewoogie1978
You have no idea what you're talking about.
Posted on 11/14/21 at 10:24 pm to FLObserver
I bought ETH at $200 it's now around $4500. I mined 17 BTC back in 2009-2010 but sold most to buy 2 houses. I also own OMG, EOS, XRP, XLM, & ZRX. Besides BTC & ETH XRP has done the best for me. Going to HODL until I hit $1 million this time around.
Posted on 12/2/21 at 4:37 pm to Beased
Beased has one post. His link is obviously a good crypto investment.
Just buy the metal.
Just buy the metal.
Posted on 6/16/22 at 3:30 pm to nuwaydawg
So how did it play out?
Posted on 6/16/22 at 3:34 pm to TigerTatorTots
quote:
sit back and wait a few year
What do you think is going to happen is a year? The bottom has fallen out - of even BTC. This shite is going a lower than this.
Posted on 6/16/22 at 3:37 pm to cable
quote:
What do you think is going to happen is a year? The bottom has fallen out - of even BTC. This shite is going a lower than this.
You do know, people have been saying this for the last 12 or so years and they have been wrong every time.
But surely, this time, you will nail it!
Posted on 6/16/22 at 3:40 pm to I Love Bama
If you can't identify a bubble you don't deserve to have money - and you won't. Crypto is a fricking cult. That's the only explanation.
Posted on 6/16/22 at 3:42 pm to cable
quote:Will go sub $20k, bounce around these levels for a while, then resurrect in a couple years. My uneducated opinion
What do you think is going to happen is a year? The bottom has fallen out - of even BTC. This shite is going a lower than this.
Posted on 6/16/22 at 3:44 pm to TigerTatorTots
Can any of you read a chart? I don't get the feeling that any crypto investors have any clue.
I'd guess that support is at $10k and once it hits that level the margin calls (or debt payment clauses - whatever they are with this crap) are going to start. Then the bottom will really fall out.
I'd guess that support is at $10k and once it hits that level the margin calls (or debt payment clauses - whatever they are with this crap) are going to start. Then the bottom will really fall out.
This post was edited on 6/16/22 at 3:47 pm
Posted on 6/16/22 at 3:47 pm to cable
My undeducated guess is ONE crypto will survive, just Bitcoin but certainly not the others.
Why were the others created anyway? How were (are) they supposed to be "better" than bitcoin?
Why is there a need for more than one "uncontrolled" currency, wouldn't one by definition be enough?
Why were the others created anyway? How were (are) they supposed to be "better" than bitcoin?
Why is there a need for more than one "uncontrolled" currency, wouldn't one by definition be enough?
Posted on 6/16/22 at 3:48 pm to cable
quote:
If you can't identify a bubble you don't deserve to have money - and you won't. Crypto is a fricking cult. That's the only explanation.
It appears you are lumping in Bitcoin with crypto which tells me all I need to know about your knowledge on the subject.
Posted on 6/16/22 at 3:57 pm to I Love Bama
NYTIMES -
LINK
By David Yaffe-Bellany and Erin Griffith
June 14, 2022
Over the last two years, as the prices of Bitcoin and other virtual currencies surged, crypto start-ups proliferated. Companies that market digital coins to investors flooded the airwaves with TV commercials, newfangled lending operations offered sky-high interest rates on crypto deposits and exchanges like Coinbase that allow investors to trade digital assets went on hiring sprees. A global industry worth hundreds of billions of dollars rose up practically overnight. Now it is crashing down.
After weeks of plummeting cryptocurrency prices, Coinbase said on Tuesday that it was cutting 18 percent of its employees, after layoffs at other crypto companies like Gemini, BlockFi and Crypto.com. High-profile start-ups like Terraform Labs have imploded, wiping away years of investments. On Sunday, an experimental crypto bank, Celsius, abruptly halted withdrawals.
The pullback in the crypto ecosystem illustrates the precariousness of the structure built around these risky and unregulated digital assets. The total value of the cryptocurrency market has dropped by about 65 percent since autumn, and analysts predict the sell-off will continue. Stock prices of crypto companies have cratered, retail traders are fleeing and industry executives are predicting a prolonged slump that could put more companies in jeopardy. “The tide has gone out in crypto, and we’re seeing that many of these businesses and platforms rested on shaky and unsustainable foundations,” said Lee Reiners, a former Federal Reserve official who teaches at Duke University Law School. “The music has stopped.”
Cryptocurrencies are digital coins exchanged using networks of computers that verify transactions, rather than a centralized entity like a bank. For years, they have been marketed as a hedge against inflation caused by central banks flooding the economy with money. Bitcoin, the most valuable cryptocurrency, has a built-in limit to its supply. But now with stocks crashing, interest rates soaring and inflation high, cryptocurrency prices are also collapsing, showing they have become tied to the overall market. And as people pull back from crypto investments, the outflow is exposing the unstable foundations of many of the industry’s most popular companies.
Some industry experts have long said the exuberant growth of the last two years wasn’t going to last forever, comparing it to the late-1990s dot-com boom. At the time, dozens of dot-com companies were going public amid hysteria over the early promise of the internet, even though few of them made money. When confidence evaporated in the early 2000s, many of the dot-coms went bust, leaving just the biggest — such as eBay, Amazon and Yahoo — standing.
SNIP
Some of the companies have also remained defiant. During Game 5 of the N.B.A. finals on Monday night, Coinbase aired a commercial that alluded to past boom-and-bust cycles.
“Crypto is dead,” it declared. “Long live crypto.”
LINK
By David Yaffe-Bellany and Erin Griffith
June 14, 2022
Over the last two years, as the prices of Bitcoin and other virtual currencies surged, crypto start-ups proliferated. Companies that market digital coins to investors flooded the airwaves with TV commercials, newfangled lending operations offered sky-high interest rates on crypto deposits and exchanges like Coinbase that allow investors to trade digital assets went on hiring sprees. A global industry worth hundreds of billions of dollars rose up practically overnight. Now it is crashing down.
After weeks of plummeting cryptocurrency prices, Coinbase said on Tuesday that it was cutting 18 percent of its employees, after layoffs at other crypto companies like Gemini, BlockFi and Crypto.com. High-profile start-ups like Terraform Labs have imploded, wiping away years of investments. On Sunday, an experimental crypto bank, Celsius, abruptly halted withdrawals.
The pullback in the crypto ecosystem illustrates the precariousness of the structure built around these risky and unregulated digital assets. The total value of the cryptocurrency market has dropped by about 65 percent since autumn, and analysts predict the sell-off will continue. Stock prices of crypto companies have cratered, retail traders are fleeing and industry executives are predicting a prolonged slump that could put more companies in jeopardy. “The tide has gone out in crypto, and we’re seeing that many of these businesses and platforms rested on shaky and unsustainable foundations,” said Lee Reiners, a former Federal Reserve official who teaches at Duke University Law School. “The music has stopped.”
Cryptocurrencies are digital coins exchanged using networks of computers that verify transactions, rather than a centralized entity like a bank. For years, they have been marketed as a hedge against inflation caused by central banks flooding the economy with money. Bitcoin, the most valuable cryptocurrency, has a built-in limit to its supply. But now with stocks crashing, interest rates soaring and inflation high, cryptocurrency prices are also collapsing, showing they have become tied to the overall market. And as people pull back from crypto investments, the outflow is exposing the unstable foundations of many of the industry’s most popular companies.
Some industry experts have long said the exuberant growth of the last two years wasn’t going to last forever, comparing it to the late-1990s dot-com boom. At the time, dozens of dot-com companies were going public amid hysteria over the early promise of the internet, even though few of them made money. When confidence evaporated in the early 2000s, many of the dot-coms went bust, leaving just the biggest — such as eBay, Amazon and Yahoo — standing.
SNIP
Some of the companies have also remained defiant. During Game 5 of the N.B.A. finals on Monday night, Coinbase aired a commercial that alluded to past boom-and-bust cycles.
“Crypto is dead,” it declared. “Long live crypto.”
This post was edited on 6/16/22 at 3:59 pm
Posted on 6/16/22 at 3:58 pm to Eurocat
I think BTC will survive - but it's going to tank, then sit stagnant for a long time. This all reminds me so much of the early days of the internet and dot coms. It's an interesting idea in principle that will most likely last - but the days of easy money are over.
Posted on 6/16/22 at 3:59 pm to cable
My uneducated guess is return to 4kish (it was there for years and years) and rise slowly in line with the big markets. Your thoughts?
Posted on 6/16/22 at 4:02 pm to Eurocat
quote:
When confidence evaporated in the early 2000s, many of the dot-coms went bust, leaving just the biggest — such as eBay, Amazon and Yahoo — standing.
This is exactly what this reminds me of - and I lived through the whole thing as an investor. When I was a youngster I made a lot of wild bets on tech stocks in the 90s and most of them paid handsomely - then one day it was just over. I remember people saying the same things about the .coms as people are saying about crypto now - but hey, it your money and I've certainly not always been right - so go for it if that's what you think is the thing to do.
This post was edited on 6/16/22 at 4:07 pm
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