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re: Took a dive into Hex crypto

Posted on 7/20/22 at 9:28 pm to
Posted by 21JumpStreet
Member since Jul 2012
14639 posts
Posted on 7/20/22 at 9:28 pm to
What? Damn, yea I still need to do more research then. That does not sound right

Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
57426 posts
Posted on 7/20/22 at 9:36 pm to
quote:

Interesting, never seen them. Know any off the top of your head?
the local one.....GMEX at the peak had a market cap of over 4 billion.... The LP had like 14mil in it. It was paired to BNB and there were 14mil worth of BNB paired to available GMEX to swap.
Posted by FnTigers
Member since Sep 2021
1421 posts
Posted on 7/20/22 at 9:36 pm to
quote:

What? Damn, yea I still need to do more research then. That does not sound right
Yeah man. That's how this stuff works.

"Market cap is a reflection only on the current price and circulating supply. well one part of that equation is price. Price is only a reflection of its pairs ratio.. therefore market cap is simply a by-product of the current pools and zero indication of the amount invested in the product."
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
57426 posts
Posted on 7/20/22 at 9:41 pm to
quote:

That does not sound right
that's the problem with market cap especially in crypto.

You can see it also in the regular market. The price of a stock is only worth what other people will pay for it. People will use MC to evaluate a company. But MC usually doesn't equal the worth of the company. Elon, Bezos, etc could sell a huge percentage of their holdings and tank the price. But does that equate to the company going under, losing assets, or having bad sales numbers? On that specific case, no.

ETA: I will say in the market it can be a valuable tool mostly because everyone else is using it too to trade.
This post was edited on 7/20/22 at 9:51 pm
Posted by whodatigahbait
Uptown
Member since Oct 2007
1749 posts
Posted on 9/15/22 at 10:04 am to
Interesting banter here

$10m BIG BET Against HEX ! | Richard Heart Epic Debate

LINK
Posted by FnTigers
Member since Sep 2021
1421 posts
Posted on 9/15/22 at 10:15 am to
Mike Alfred is an absolute dipshit midget brain.
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5133 posts
Posted on 9/15/22 at 10:36 am to
That’s an hour and a half long

Cliffs on the bet?
Posted by whodatigahbait
Uptown
Member since Oct 2007
1749 posts
Posted on 9/19/22 at 9:38 am to
it's a lot of back and forth and them talking over each other.
Posted by whodatigahbait
Uptown
Member since Oct 2007
1749 posts
Posted on 8/18/23 at 5:52 pm to
quote:

Richard is a savvy brander/marketer. He’s like Trump in that regard. I also think he knows his shite technically speaking. Not because I know anything about creating crypto, but I’ve seen him get challenged by people who do and he holds his own. He’s highly intelligent. I think he’s driven to be the biggest name in crypto, the leader in crypto. I think his ambitions lie beyond dumping his Hex for some easy money. While all that may but true, that doesn’t mean Hex is a smart place to put my money, although in this space a technically excellent product backed by strong marketing and nothing else can result in huge gains, so if you have an appetite for buying an expensive lottery ticket that may have better odds than the actual lottery it’s worth considering.


Turns out he’s really just a crook

LINK /
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40831 posts
Posted on 8/18/23 at 6:01 pm to
Literally told everyone he was a crook in the first page of this thread. He got rich off everyone buying his garbage crypto.

Even with hex down 90%+ since the post I'm sure everyone in this thread bought at the low and sold at the peak making a fortune.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10384 posts
Posted on 8/18/23 at 6:03 pm to
He is a multi billionaire who retired in his 20s with tens of millions of dollars. Later he was mining 50 BTC blocks and was early into Ethereum too. Nice try.
Posted by whodatigahbait
Uptown
Member since Oct 2007
1749 posts
Posted on 8/18/23 at 6:28 pm to
quote:

He is a multi billionaire who retired in his 20s with tens of millions of dollars. Later he was mining 50 BTC blocks and was early into Ethereum too. Nice try.


If you still believe anything about this guy is true, I don’t know what to say or tell you other than the internet never ceases to surprise.
Posted by zzgobucky
Madison
Member since Sep 2016
1738 posts
Posted on 8/18/23 at 7:24 pm to
quote:

He is a multi billionaire who retired in his 20s with tens of millions of dollars. Later he was mining 50 BTC blocks and was early into Ethereum too. Nice try.


he’s not gonna frick ya dude. Well actually in a way he is
Posted by Grievous Angel
Tuscaloosa, AL
Member since Dec 2008
9668 posts
Posted on 8/19/23 at 5:34 pm to
quote:

Turns out he’s really just a crook


tHe fUtUrE of FiNance

https://www.reddit.com/r/Buttcoin/

It's all going to zero.

This post was edited on 8/19/23 at 5:42 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80761 posts
Posted on 8/19/23 at 7:41 pm to
How long until bitcoin goes to zero?
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10384 posts
Posted on 8/19/23 at 8:12 pm to
quote:

How long until bitcoin goes to zero?


Probably after a few more countries adopt it as their national currency.

It blows my mind that there are conservative who don't LOVE Bitcoin. Every true conservative should LOVE Bitcoin.
Posted by Grievous Angel
Tuscaloosa, AL
Member since Dec 2008
9668 posts
Posted on 8/19/23 at 9:09 pm to
quote:

Probably after a few more countries adopt it as their national currency.


El Salvador and Central African Republic? Are there more?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80761 posts
Posted on 8/20/23 at 1:36 pm to
Why won’t people who continue to say it’s going to zero provide a guestimate on timeline? We talking a year? 5? 10? 100 years?
Posted by Jag_Warrior
Virginia
Member since May 2015
4081 posts
Posted on 8/20/23 at 2:28 pm to
quote:

It blows my mind that there are conservative who don't LOVE Bitcoin. Every true conservative should LOVE Bitcoin.


No offense and no dog in this fight, but I believe that you’re confusing conservatives with libertarians. They are not one and the same.
Posted by Thundercles
Mars
Member since Sep 2010
5028 posts
Posted on 8/20/23 at 5:27 pm to
quote:

Every true conservative should LOVE Bitcoin.


It's already been proven that Bitcoin's decentralization and anonymity is actually complete BS that is tossed out on a whim.
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