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Posted on 11/12/22 at 8:12 am to Jones
quote:
It's niche but they do have a space for the future to survive
Agreed but the utility will be better served for something other than digital monkey art
Posted on 11/12/22 at 8:17 am to SlowFlowPro
Reports are coming out that Ukraine military aid was invested in FTX
Congress sends money to Ukraine, Ukraine invests in FTX, FTX donates money to Democrats
Congress sends money to Ukraine, Ukraine invests in FTX, FTX donates money to Democrats
This post was edited on 11/12/22 at 8:19 am
Posted on 11/12/22 at 8:20 am to stout
Agree. The entire space is becoming very insular within their own groups. It's harder to sell the more expensive stuff because people have prices in their heads from the bullruns and they can't let those go. It's become a bunch of people with very little money and about 1% of the group that can still throw out 20-50k for a piece.
The way to go now, and always has been, is to just trade within the floor prices. It's much easier to buy and sell sub 1k nfts than trying to sell something for 50k
The way to go now, and always has been, is to just trade within the floor prices. It's much easier to buy and sell sub 1k nfts than trying to sell something for 50k
Posted on 11/12/22 at 8:21 am to stout
Didn’t Belize or some other Central American shithole elect a 40 year old crypto bro as their president and he put the entire national budget into crypto? I wonder how that’s going
Posted on 11/12/22 at 8:22 am to boosiebadazz
Not sure about that El Salvador declared bitcoin to be legal tender. The only country to do so and I think they invested heavily in it.
Posted on 11/12/22 at 8:23 am to Jones
quote:
The way to go now, and always has been, is to just trade within the floor prices. It's much easier to buy and sell sub 1k nfts than trying to sell something for 50k
Is your return per hour engaged better, worse or the same as your more traditional investments like stocks or real estate?
The crypto stuff seems to be very time-intensive from learning the fundamentals to monitoring the wild fluctuations to identifying the next big thing.
This post was edited on 11/12/22 at 8:45 am
Posted on 11/12/22 at 8:32 am to boosiebadazz
Overall it's been more positive with crypto by far but the extreme swings within crypto could make your heart skip a beat. Losing deep 6 figures in coins in what feels like an instant isn't for everyone.
In bear markets now, I generally just stake and sit back and watch the carnage. The days of 1000x left and right are over.
Nfts did supply that for awhile but that train is bye bye now.
It's hard to even compare this to real estate imo
In bear markets now, I generally just stake and sit back and watch the carnage. The days of 1000x left and right are over.
Nfts did supply that for awhile but that train is bye bye now.
It's hard to even compare this to real estate imo
Posted on 11/12/22 at 8:46 am to BottomlandBrew
quote:
a condo in the Bahamas with 8-9 other employees, and SBF, a billionaire (at least on paper) who could have almost any woman in the world, was sleeping with this girl.
Woot woot we found an OT 10!
-10 but still a 10!
Posted on 11/12/22 at 9:02 am to boosiebadazz
quote:
There is no utility to 99% of coins outside of arbitrage. That’s the fundamental shortcoming right now.
Mostly true.. Im not going to argue with anyone the value proposition for any tokens besides ETH.
But do you see the utility in a transparent, decentralized, permissionless exchange? That is what my post was about. Explaining how those work.
Posted on 11/12/22 at 9:12 am to Hulkklogan
No.
I actually like having trusted institutions.
I actually like having trusted institutions.
Posted on 11/12/22 at 9:13 am to Hulkklogan
quote:
But do you see the utility in a transparent, decentralized, permissionless exchange?
Yes, depending on the motivations of the participants. Strictly arbitrage will always inflate markets until they pop. You’ll have to have the majority of the participants engaging in the market to then take the coins out to use somewhere else. Stonks and real estate have market forces involved in their price, but they also have underlying value outside of the market. That’s the missing piece of crypto right now so you’re stuck with solely arbitrage and that’s going to keep things wildly volatile and speculative until that external utility for the coins is found.
But to your original point, I think blockchain technology is legitimate and has use for society. It’s above my pay grade on the technicals, but I’m most curious to see if it can be adapted to voting. I’m hopeful it can be utilized there to have legitimate fraud-proof, yet still anonymous, elections.
This post was edited on 11/12/22 at 9:17 am
Posted on 11/12/22 at 9:17 am to boosiebadazz
When did crypto go from being dorky white guys to you know whats
Posted on 11/12/22 at 9:19 am to el Gaucho
When the returns surpassed the usury rate
Posted on 11/12/22 at 9:20 am to boosiebadazz
quote:
That’s the missing piece of crypto right now so you’re stuck with solely arbitrage
You keep mentioning arbitrage.
That isn't a big key/factor in crypto
Posted on 11/12/22 at 9:21 am to boosiebadazz
Fraudless voting through...Blockchain ?
Every instance of Blockchain so far has been rife with fraud. It's basically a fraud machine.
Every instance of Blockchain so far has been rife with fraud. It's basically a fraud machine.
Posted on 11/12/22 at 9:22 am to Big_Sur
quote:
Fraudless voting through...Blockchain ?
Every instance of Blockchain so far has been rife with fraud. It's basically a fraud machine.
Exchanges, specific crypto assets, and blockchain are 3 different things
Posted on 11/12/22 at 9:22 am to SlowFlowPro
quote:
Exactly. This second bubble sent the whole idea off the rails. They're all ponzi schemes and scams with literally no value.
Yep. All the crypto bros coping will rationalize this with muh Do YoUr ReSeArCh but we have seen enough to know that crypto is a scam.
There is no intrinsic value to crypto; it is modern day tulips.
Posted on 11/12/22 at 9:23 am to Big_Sur
The block chain itself isn't. It's being used in major industries as we speak(shipping)
Posted on 11/12/22 at 9:24 am to Jones
quote:
ou keep mentioning arbitrage.
That isn't a big key/factor in crypto
Why not? You can’t use your shitcoins anywhere else and they have no underlying technicals that set them apart from other shitcoins.
So you’ve bought to trust it will hold value until you’re ready to sell higher than what you bought in at. That’s the definition of arbitrage.
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