Crypto (Bitcoin, Ethereum, etc.)

[Darth_Pelican]

I couldn't find the old crypto thread.

BTC just broke it's old record and is sitting at $66k

ETH approaching it's old record as it just surpassed $4k

I should have bought more during the last big dip after the China regulations.

What are you guys holding and what should I add?

I have:

3 - ETH
180 - ADA
8.5 - SOL
2,409 - DOGE
201 - MATIC
3.8 Million - SHIB

[Adam Lambert]

AMZN, AAPL, GOOGL

[MultiTroll]

Fabbs says

XRP Ripple.

*If evil SEC corruption prevails in their bogus lawsuit then it drops. :depressed

If case is decided by merit as it should be, when XRP wins it's gonna pop.

[Leetonidas]

ETH ftw :tu

Going to make me a rich man in a few years tbh

[Blake]

I'm holding eth and btc looking great there.

It's lite coin and Bitcoin cash I'm still losing on. When I get to a nice point I'm prob gonna dump it all now that I know it's bad for environment and I can't see it ever really being a viable thing in the long run.

[ChumpDumper]

I have no idea what I'm doing or what's going on, so I feel very confident about my crypto holdings.

[InRareForm]

I have 50% bitcoin, 25% ethereum, 25% mixture of Solana, cardano, cosmos, and algroland

[InRareForm]

I would think of Solana and ethereum as the cell phone battle with iPhone and Samsung, who will be the long term king. There are other platforms too that could emerge (like other cell phone makers) but it's all a big guess and gamble.

Ethereum looks strong because it has the largest amount of partnerships and they already have a head start in the race , etc and eth 2.0 is coming to improve it in 2022 with fees and scalibty. While it's a great holding its also a good idea to diversify in other ethereum possible competitors

[spurraider21]

never hopped on the wagon. feels late now.

[Blake]

never hopped on the wagon. feels late now.

A month ago would have been great

[Leetonidas]

I would think of Solana and ethereum as the cell phone battle with iPhone and Samsung, who will be the long term king. There are other platforms too that could emerge (like other cell phone makers) but it's all a big guess and gamble.

Ethereum looks strong because it has the largest amount of partnerships and they already have a head start in the race , etc and eth 2.0 is coming to improve it in 2022 with fees and scalibty. While it's a great holding its also a good idea to diversify in other ethereum possible competitors

NFTs are in their infancy but their popularity is going to definitely cause the ETH price to skyrocket in the coming years, along with 2.0 like you said. so many companies recently have announced that they will begin taking ETH as payment, visa is building a payment network on the block chain, etc. lot of good stuff to come in the next couple years. ETH will probably never overtake BTC but i am very bullish that it will hit 10k-20k in the next 2-3 years :tu

[InRareForm]

never hopped on the wagon. feels late now.

Probably late for huge gains, but gains nonetheless. People will cash out when btc nears the big 100 imo. buy the dips and ride the wave back up

[Adam Lambert]

BITW is a decent play if you want to benefit from crypto gains but don't want to take as much risk or be as involved day to day.

[TimDunkem]

I have 50% bitcoin, 25% ethereum, 25% mixture of Solana, cardano, cosmos, and algroland
With the exception of ADA, that's essentially what my portfolio looks like. Although most of my Solana is in NFTs right now.

[TimDunkem]

never hopped on the wagon. feels late now.
Something like 1% of Americans own any BTC. It's not late if you're thinking long term.

[Trill Clinton]

never hopped on the wagon. feels late now.

Not late at all fam. Crypto ain't going nowhere.

[Bynumite]

ADA is still dirt cheap at the moment and has the highest ceiling among alt coins imho.

Selling a kidney and going all in on ADA seems like a viable option tbh.

[Trill Clinton]

Coinbase and the NBA agreed to a partnership. Crypto and DeFi are the future.

[LaMarcus Bryant]

I averaged into BTC all thru the worst of the pandemic when it was relatively flat bc I was bored and had nothing to spend my money on.


Been cashing out monthly for long term gainz. :smokin

I feel they're going to tax the ever living shit out of it eventually so I'll prob hold onto a tiny amount in case it goes to something stupid like everyone predicting now lol

[InRareForm]

I feel they're going to tax the ever living shit out of it eventually so I'll prob hold onto a tiny amount in case it goes to something stupid like everyone predicting now lol

Borrow against your crypto, no tax!

[LaMarcus Bryant]

Borrow against your crypto, no tax!

Hah. Only borrowing I do is for mortgages homie

[Darth_Pelican]

SOL is making a big move. I hope it sustains it

[paperboy77]

Really don’t get how NFTs have value to anyone but the owner.

[spurraider21]

Really don’t get how NFTs have value to anyone but the owner.
thats been my reluctance to get involved in this as opposed to more traditional securities

[InRareForm]

Anyone do nba Topshot?

[Adam Lambert]

Anyone do nba Topshot?

Got into it a few months ago but lost interest once it seemed to be getting too saturated. Was also sick of being required to have certain inventory to qualify for premium packs. Thinking about getting back into it now that it seems like the hype has died down.

[InRareForm]

I'm a dumbass could have sold a James wiseman NFT for $2000 but then the hype faded away and it went down to $200. Still holding tho lol

[Blake]

Really don’t get how NFTs have value to anyone but the owner.

You mean like fine art?

[paperboy77]

You mean like fine art?

Yeah but totally not the same.

[Blake]

Yeah but totally not the same.

:lol

[paperboy77]

:lol

Kinda like saying auto-tune is equivalent to a singer. At this point NFTs are a niche thing.

[InRareForm]

Solana up nice today

[Darth_Pelican]

Solana up nice today

It's tested $200+ a few times and has failed to sustain it. I hope this time it does.

[SpursforSix]

For what it's worth, I bought this cheap ass penny stock that does something with blockchain technology.
Epaz.

[NASpurs]

I invested in Jasmy which has some real world implementation unlike the hundreds of meme coins out there. I've made close to 100% in value from my original investment a couple of weeks ago.

It's called the "Japanese bitcoin" and was founded by ex-Sony employees.

[Millennial_Messiah]

dogecoin

[DPG21920]

I couldn't find the old crypto thread.

BTC just broke it's old record and is sitting at $66k

ETH approaching it's old record as it just surpassed $4k

I should have bought more during the last big dip after the China regulations.

What are you guys holding and what should I add?

I have:

3 - ETH
180 - ADA
8.5 - SOL
2,409 - DOGE
201 - MATIC
3.8 Million - SHIB

Having zero exposure to bitcoin is criminal IMVHO..

[DPG21920]

I have 50% bitcoin, 25% ethereum, 25% mixture of Solana, cardano, cosmos, and algroland


This seems like a reasonable position….bitcoin is a must have part of this type of portfolio and then fanning out exposure elsewhere if it’s what you want to do.

[DPG21920]

I'm holding eth and btc looking great there.

It's lite coin and Bitcoin cash I'm still losing on. When I get to a nice point I'm prob gonna dump it all now that I know it's bad for environment and I can't see it ever really being a viable thing in the long run.

What is bad for the environment?

[DPG21920]

never hopped on the wagon. feels late now.

IMVHO it’s not late; if you understand the level of adoption globally, it’s still minuscule and there is still majorly significant upside to be had; yes even in bitcoin despite what many seem to think..

[DPG21920]

Hah. Only borrowing I do is for mortgages homie

I think that mindset has made sense for a long time; but now? Definitely something to consider between capital gains taxes along with having an asset thats appreciating so much vs debt that’s cheap…but of course, taking profit is always a good thing.

[DPG21920]

And for those that want to own Doge or Shib or whatever - more power to you. Just make sure you take profit when/if you get the chance along the way. And hopefully you use some of that profit to gain some free exposure to bitcoin along the way.

[Blake]

What is bad for the environment?

https://www.cbsnews.com/news/will-industrial-scale-bitcoin-mining-impact-the-environment/

[LaMarcus Bryant]

I think that mindset has made sense for a long time; but now? Definitely something to consider between capital gains taxes along with having an asset thats appreciating so much vs debt that’s cheap…but of course, taking profit is always a good thing.

When the music of cheap debt stops I plan on having a fuck ton of cold hard US dollars in cash.

[DPG21920]

https://www.cbsnews.com/news/will-industrial-scale-bitcoin-mining-impact-the-environment/

So there’s a lot to this and imo this has been refuted credibly and bitcoin mining is moving and incentivizing efficient and eco friendly (aka renewable energy) operations more than any other energy intensive operation.

Everything uses energy - the questions become 1) is there a path and incentive to move towards renewable energy and 2) is the energy use (regardless of renewable or not) worth the output?

I’d say it’s clear on bitcoin the answer is a resounding yes.

Im actually very left leaning and I don’t have a general mainstream media hatred (don’t love it, but I’m non conspiratorial usually) but the MSM is woefully uneducated on not just the mechanics of bitcoin but almost all things related (such as mining) and there’s a lot of intellectual dishonesty surrounding most of the criticisms leveled against bitcoin imo.

The exodus from China for miners was a massive step in becoming more eco friendly and its a process for sure but bitcoin is moving faster than nearly any sector with regards to improving its footprint imo.

Here’s one link from a MSM publication:

https://www.google.com/amp/s/www.cnbc.com/amp/2021/07/20/bitcoin-mining-environmental-impact-new-study.html

And here’s one from a source that imo is way more connected to things both in justifying why current energy usage is justifiable for what we are getting (all things use energy) and one addressing the shift to renewables:

https://www.google.com/amp/s/moneyweek.com/investments/alternative-finance/bitcoin/602678/bitcoin-energy-consumption%3famp

https://www.coindesk.com/business/2020/05/19/the-last-word-on-bitcoins-energy-consumption/

https://www.coindesk.com/policy/2021/10/11/bitcoin-mining-is-reshaping-the-energy-sector-and-no-one-is-talking-about-it/

[DPG21920]

When the music of cheap debt stops I plan on having a fuck ton of cold hard US dollars in cash.

Not a bad plan; unless you believe that inflation is an issue and money printing..I will definitely have some cash and I don’t believe we are in a hyperinflation environment (many parts of the world are though) but a big reason I believe in bitcoin is that it can’t be inflated by printing more and so I will always hold some and make sure I keep a tight watch on how much cash I have sitting around since with taxes (which I’m fine paying taxes to live in a civilized society) and inflation (our purchasing power has undoubtedly declined if you just held cash) cash loses value over time

[LaMarcus Bryant]

Not a bad plan; unless you believe that inflation is an issue and money printing..I will definitely have some cash and I don’t believe we are in a hyperinflation environment (many parts of the world are though) but a big reason I believe in bitcoin is that it can’t be inflated by printing more and so I will always hold some and make sure I keep a tight watch on how much cash I have sitting around since with taxes (which I’m fine paying taxes to live in a civilized society) and inflation (our purchasing power has undoubtedly declined if you just held cash) cash loses value over time

I'm not sayin i'm gonna be 100% cash but def plan on stockpiling up soon.
I think the fed and government are going to do everything they can to tax and regulate it in new and weird ways to make it less tenable to hold or lend etc than it is now.
IMO the golden age of easy gains in crypto is now but near an end. I'll prob hold a small bit of BTC and ETH for lolz. The Fed has consistently painted crypto in a negative light and they will always win.

[DPG21920]

I'm not sayin i'm gonna be 100% cash but def plan on stockpiling up soon.
I think the fed and government are going to do everything they can to tax and regulate it in new and weird ways to make it less tenable to hold or lend etc than it is now.
IMO the golden age of easy gains in crypto is now but near an end. I'll prob hold a small bit of BTC and ETH for lolz. The Fed has consistently painted crypto in a negative light and they will always win.

Fair enough - I disagree but all good!

[SpursforSix]

So there’s a lot to this and imo this has been refuted credibly and bitcoin mining is moving and incentivizing efficient and eco friendly (aka renewable energy) operations more than any other energy intensive operation.

Everything uses energy - the questions become 1) is there a path and incentive to move towards renewable energy and 2) is the energy use (regardless of renewable or not) worth the output?

I’d say it’s clear on bitcoin the answer is a resounding yes.

Im actually very left leaning and I don’t have a general mainstream media hatred (don’t love it, but I’m non conspiratorial usually) but the MSM is woefully uneducated on not just the mechanics of bitcoin but almost all things related (such as mining) and there’s a lot of intellectual dishonesty surrounding most of the criticisms leveled against bitcoin imo.

The exodus from China for miners was a massive step in becoming more eco friendly and its a process for sure but bitcoin is moving faster than nearly any sector with regards to improving its footprint imo.

Here’s one link from a MSM publication:

https://www.google.com/amp/s/www.cnbc.com/amp/2021/07/20/bitcoin-mining-environmental-impact-new-study.html

And here’s one from a source that imo is way more connected to things both in justifying why current energy usage is justifiable for what we are getting (all things use energy) and one addressing the shift to renewables:

https://www.google.com/amp/s/moneyweek.com/investments/alternative-finance/bitcoin/602678/bitcoin-energy-consumption%3famp

https://www.coindesk.com/business/2020/05/19/the-last-word-on-bitcoins-energy-consumption/

https://www.coindesk.com/policy/2021/10/11/bitcoin-mining-is-reshaping-the-energy-sector-and-no-one-is-talking-about-it/

I read an article somewhere that miners are looking to set up around oil/gas wells. A lot of those wells don’t have pipelines for the natural gas that is produced with the oil. So the natural gas is often flared straight to the environment. This would be a win win win if the producers can monetize the ng, the miners have a good source of relatively clean energy (other than the fracing) and the environment is saved the ng flaring.

Also at some point, there will be a huge move to geothermal energy which can use the water produced from the wells.

[DPG21920]

I read an article somewhere that miners are looking to set up around oil/gas wells. A lot of those wells don’t have pipelines for the natural gas that is produced with the oil. So the natural gas is often flared straight to the environment. This would be a win win win if the producers can monetize the ng, the miners have a good source of relatively clean energy (other than the fracing) and the environment is saved the ng flaring.

Also at some point, there will be a huge move to geothermal energy which can use the water produced from the wells.

Correct! Lots of ability to use flared and wasted gases to mine and it helps the environment tremendously. We will be seeing major announcements from the largest oil companies over the next few years on this.

[DMC]

I bought Eth at 1800 and BC at 28K.

[DMC]

never hopped on the wagon. feels late now.

People said that 5 months ago as well. I wouldn't buy at all time highs but it will dip again.

[DMC]

I read an article somewhere that miners are looking to set up around oil/gas wells. A lot of those wells don’t have pipelines for the natural gas that is produced with the oil. So the natural gas is often flared straight to the environment. This would be a win win win if the producers can monetize the ng, the miners have a good source of relatively clean energy (other than the fracing) and the environment is saved the ng flaring.

Also at some point, there will be a huge move to geothermal energy which can use the water produced from the wells.

:lol I just knew when I read the first few words you were going to say people are mining around deposits of BC near oil and gas wells.

[DPG21920]

I bought Eth at 1800 and BC at 28K.

Excellent entries :tu Should be profitable perhaps from here on out or close to it….

[SpursforSix]

:lol I just knew when I read the first few words you were going to say people are mining around deposits of BC near oil and gas wells.

Uh…ok. Did you know I fucked your mom next?

[Darth_Pelican]

I wonder how long SHIB will get pumped before whales cash out. It's up 120% over the past week and 763% over the past month.

[Leetonidas]

I wonder how long SHIB will get pumped before whales cash out. It's up 120% over the past week and 763% over the past month.

i cashed out already and made a really solid return but am kicking myself because it's only gone up since i sold :lol: i didnt think it would keep pumping this long

[NASpurs]

I swear every coin except Shiba has gone down the past 24 hrs.

[steak n eggs]

I got in late on Shiba, decided to throw a little at it without high hopes and made roughly 50% on my money. It's funny how crypto can have serious applications that trade sideways for months and then you just have these random meme coins that can triple your money overnight. #SHIBArmy

[NASpurs]

I had bought some Shiba coin when it was like .0000018 or whatever it was back in early October. It kept hovering between .0000025-32 for weeks. I sold it when it hit the low 30s because I thought that it had reached its ceiling. Now it's at like .0000070 which is more than 300% of what I had bought it at. Lesson learned.

[NASpurs]

:lol try and sell

https://markets.businessinsider.com/news/currencies/crypto-investor-turned-8000-into-5-billion-buying-shiba-inu-2021-10

A crypto wallet shows an investor made an $8,000 shiba inu coin purchase last year. Today it is worth $5.7 billion.

[TimDunkem]

Floki is the play now, tbh.

[Trill Clinton]

Floki is the play now, tbh.

Where did you buy?

I just bought some Decentral Games(ICE) via quickswap


https://www.youtube.com/watch?v=NnioWxtgYHY

[Darth_Pelican]

Don’t forget to buy some MATIC. It’s up over 100% in the past month and is a long term buy/hold.

[TimDunkem]

Where did you buy?

I just bought some Decentral Games(ICE) via quickswap


https://www.youtube.com/watch?v=NnioWxtgYHY
Used gate.io. Sent XLM to gate.io from CB Pro. Sold for USDT then bought Floki. Almost no fees that way.

[Trill Clinton]

Don’t forget to buy some MATIC. It’s up over 100% in the past month and is a long term buy/hold.

I own some but I wouldn't advise buying now. Its close to its ATH at the moment.

[InRareForm]

Decentraland up big off Facebook related meta news. Glad I converted some alt coin into mana yesterday.

With meme stocks and the news, trend is your friend these days with investing/gambling tbh

[Mark Celibate]

Safemoon bouncing back from the dead IMO, this is the only Crypto of mine I had written off as a loss. Surprised to see it randomly jump out of nowhere, I could even make a small profit if I sold now tbh

[benefactor]

I had bought some Shiba coin when it was like .0000018 or whatever it was back in early October. It kept hovering between .0000025-32 for weeks. I sold it when it hit the low 30s because I thought that it had reached its ceiling. Now it's at like .0000070 which is more than 300% of what I had bought it at. Lesson learned.
My wife bought a bunch of Shiba and she showed me how much it's gone up. She's holding. We'll see what happens

[Ef-man]

Be careful out there.

A digital currency based off the popular Netflix series "Squid Game" is trading at $0 after its creators cashed out, effectively stealing an estimated $2.1 million from investors.

The cryptocurrency, appropriately called SQUID, surged as high as $2,861 before falling to $0 as of Monday, according to CoinMarketCap. The scam, which was reported by Gizmodo, is called a "rug pull." That means the crypto's creators cash out of their coins in exchange for real money, quickly devaluing the crypto's value.
squid game cryptocurrency scam (https://www.cnn.com/2021/11/01/investing/squid-game-cryptocurrency-scam/index.html)

[Trill Clinton]

Where did you buy?

I just bought some Decentral Games(ICE) via quickswap


https://www.youtube.com/watch?v=NnioWxtgYHY

Up 25% on this already

[Darth_Pelican]

ETH roaring to a new ATH

[Trill Clinton]

Up 25% on this already


up 96%!!!

[Leetonidas]

ETH hits a new ATH today...you love to see it. :tu

$20k by EOY 2022 imho

[Trill Clinton]

ETH hits a new ATH today...you love to see it. :tu

$20k by EOY 2022 imho


Yessir.

[Leetonidas]

Yessir.

Good call on mana in that other crypto thread btw :tu

[Darth_Pelican]

ETH hits a new ATH today...you love to see it. :tu

$20k by EOY 2022 imho

FOMO panic buyers are about to hit it hard.

[Trill Clinton]

Good call on mana in that other crypto thread btw :tu

Appreciate it bruh. Check out $ICE too. Another metaverse play. It ran up today and is going down due to profit taking. If you're interested now would be a good time to jump in.

[LaMarcus Bryant]

Fuck I lost 500 bones on Squid coin

[Darth_Pelican]

SOL just hit ATH. Crypto on fire

[Blake]

Burger King offers free crypto, putting Bitcoin, Dogecoin, and Ethereum on the menu
The fast-food chain is giving away cryptocurrency to members of its loyalty program.

[Blake]

https://fortune.com/2021/11/01/burger-king-robinhood-bitcoin-dogecoin-ethereum/

[Joseph Kony]

Fuck I lost 500 bones on Squid coin

ouch :lol that one was obviously a scam from the get go tbh

[Joseph Kony]

https://fortune.com/2021/11/01/burger-king-robinhood-bitcoin-dogecoin-ethereum/

guess i'm going to eat BK For the first time in a decade tomorrow :lol

[ChumpDumper]

guess i'm going to eat BK For the first time in a decade tomorrow :lol:lol there's a new one in Austin I'll visit before the layer of grease builds up inside the dining room.

[Joseph Kony]

what do yall think about the long term potential of SOL? i've been reading up on it and a lot of ppl seem to think this is the next eth, and i was thinking buying 10 or so if it dips under $200.

[LaMarcus Bryant]

ouch :lol that one was obviously a scam from the get go tbh

lol nah i was jk. But it's funny to imagine :lol

[LaMarcus Bryant]

what do yall think about the long term potential of SOL? i've been reading up on it and a lot of ppl seem to think this is the next eth, and i was thinking buying 10 or so if it dips under $200.

From what I understand almost every alt-coin promises to be the new, more efficient, more secure, less fee based version of ethereum.

[Darth_Pelican]

what do yall think about the long term potential of SOL? i've been reading up on it and a lot of ppl seem to think this is the next eth, and i was thinking buying 10 or so if it dips under $200.

I got in at $23.28. Crushing it. I hope it succeeds long term.

[steak n eggs]

I see SOL vs. ETH as an Android vs. Apple type situation. I do think that SOL is a second chance at getting into an ETH-like asset without breaking the bank. Both will be good to have but SOL is still early and cheaper which makes it easier to stack coins. Then again, something could come along and wipe those two out. It's still early, invest what you can. If I've learned anything, it's definitely don't FOMO.

[Leetonidas]

I went all in on LRC recently and it's pumping like a mofo today. Good shit

[Trill Clinton]

I went all in on LRC recently and it's pumping like a mofo today. Good shit


This time next year I plan on owning a brand new Mercedes GT63S bought and paid for by crypto

[InRareForm]

1457517048766943232

[Darth_Pelican]

https://c.tenor.com/tilYxrGViZoAAAAM/stocks-only-go-up-sogu.gif

[InRareForm]

The mining companies stocks act like options with regards to bitcoin, MARA and RIOT are up big

[Blake]

The mining companies stocks act like options with regards to bitcoin, MARA and RIOT are up big

I got in yesterday on RIOT at $31. Today at $36

[ChumpDumper]

So why did Litecoin blow up today?

[Joseph Kony]

So why did Litecoin blow up today?
i believe recent news of venmo being added to amazon and LTC being added to venmo

[Blake]

All crypto seemed to blow up today. I'm still losing on Litecoin tho lol. My avg share cost is $285 and it's currently at $245. I had actually been a while way over $300 but bought more to get it down to where I'm at now

[InRareForm]

Cardano finally waking up?

[Darth_Pelican]

BTC pushing for 70K and ETH for 5K

[Trill Clinton]

Leetonidas do you have a metamask wallet yet?

[Leetonidas]

Leetonidas do you have a metamask wallet yet?

Coinbase tbh. Is metamask better?

[Trill Clinton]

Coinbase tbh. Is metamask better?

You can do more DeFi stuff with metamask. I'm going to inbox you some vids on what I'm doing with my wallet.

[Leetonidas]

Good looking out my guy :tu

[playblair]

This time next year I plan on owning a brand new Mercedes GT63S bought and paid for by crypto
proud of u..........just know the racial sentiments i use toward u is to prepare u for the cruel world i have no hate for you or your people..........

[Leetonidas]

LRC has stabilized a bit but still up over 300% since i bought it :wow going to try to hold this bag until it hits at least $5 a coin but i think it could get to $10 imho...need to decide if i wanna to cash out early and buy more ETH or just ride it out and see what happens.

LRC talk has gotten so big they are banning users on r/CC for discussing it right now :lol

[Leetonidas]

also just want to lol at anyone who is missing out on this because they think its a scam or would rather wait 10 years to get a 5% return while we're getting it in 5 days :lol


Fiat money is the biggest sh**coin there is tbh

[Blake]

LRC has stabilized a bit but still up over 300% since i bought it :wow going to try to hold this bag until it hits at least $5 a coin but i think it could get to $10 imho...need to decide if i wanna to cash out early and buy more ETH or just ride it out and see what happens.

LRC talk has gotten so big they are banning users on r/CC for discussing it right now :lol

I think ETH is riding a wave, gonna wait out buying more until the down swing.

[Leetonidas]

I think ETH is riding a wave, gonna wait out buying more until the down swing.

Disagree, ETH is already at a point where more is being burned than is being minted, thus it is a scare asset with limited supply. once the 2.0 upgrade hits in 2022 its really going to pump, so while i am no expert by any means, in my opinion the time to buy is now while it's still below 5k. in a year it will be ~20k, imho

[Leetonidas]

Entire portfolio is red :lol seems were in a bit of a pullback after massive gains (which was to be expected at some point)

Is this just FUD around the crypto provision in the infrastructure bill? BTC under 60k after hitting ATH of 69k recently and ETH is getting close to under 4k for the first time this months.

Hope yall are buying the dip and holding. Diamond hands here

[Chucho]

Do any retailers that matter accept crypto besides Starbucks and money changers?

[Trill Clinton]

Entire portfolio is red :lol seems were in a bit of a pullback after massive gains (which was to be expected at some point)

Is this just FUD around the crypto provision in the infrastructure bill? BTC under 60k after hitting ATH of 69k recently and ETH is getting close to under 4k for the first time this months.

Hope yall are buying the dip and holding. Diamond hands here

Yea man it's the perfect time to buy. I just got some more matic and ice. Thinking of dropping some on eth too.

[Trill Clinton]

1460832641352040449

[Darth_Pelican]

1460832641352040449

That's crazy considering that me and everyone that I know hates their app. It's not user friendly at all. I can't believe they have that much money. But hey, the more exposure to crypto, the more it will keep growing.

[Trill Clinton]

That's crazy considering that me and everyone that I know hates their app. It's not user friendly at all. I can't believe they have that much money. But hey, the more exposure to crypto, the more it will keep growing.

What about the app don't you like? I prefer to buy on CB pro for the cheaper fees but crypto.com was the app I started trading on.

[Darth_Pelican]

What about the app don't you like? I prefer to buy on CB pro for the cheaper fees but crypto.com was the app I started trading on.

Pretty much everything
- It's slow and it crashes pretty often
- They were deceiving about giving a $25 crypto.com bonus at signup, but that crypto is "locked" unless you stake up to $400 of their own crypto and sign up for their credit card
- The prices on their ticker are always higher than the true prices
- While I can appreciate their layers of security when transferring crypto, it's a bit overboard. It's like an act of Congress to transfer.

I guess I'm just spoiled by CB because it's layout is so smooth and easy, and it also has a web interface that I can trade on if I choose without having to use the app. I don't think crypto.com does.

[RandomGuy]

Some Chinese Crypto News Sites Appear to Go Dark as Crackdown Continues
ChainNews, Odaily and Block123 were unavailable on Nov. 17.

https://www.coindesk.com/policy/2021/11/17/some-chinese-crypto-news-sites-appear-to-go-dark-as-crackdown-continues/

[Leetonidas]

1460832641352040449

Glad I bought a bag of CRO a couple weeks ago:smokin

[Darth_Pelican]

Healthy and expected dip happening. Buying opportunity.

[ChumpDumper]

Why did no one post about expecting the dip before the dip?

[Darth_Pelican]

Why did no one post about expecting the dip before the dip?

The excitement of a giant run-up cloud's judgement and makes us think that it will never end :lol But yeah, historically, when it runs up at such a fast pace in a short time period, there's always a pullback. Just keep hoping for higher lows each time.

[Blake]

I think ETH is riding a wave, gonna wait out buying more until the down swing.


Why did no one post about expecting the dip before the dip?

I guess I could have sold the eth and bought back in

[Blake]

My current average cost for eth is $2795 so I'm still way ahead there. Still way behind on lite coin. Pretty average holding on the others

[LaMarcus Bryant]

MANA and ALGO dominating today :smokin

[BacktoBasics]

I haven’t seen this thread yet. Jumped in early last year.

List of what I hold.

IoTex
Chainlink
Ankr
Amp
XYO
Cardano
Ethereum
Solana
Loopring
Polygon
Algo

Most of my holding are

IoTex
Chainlink
Ethereum
Ankr
Loopring
XYO

I made good money on the shib and doge pumps but not something I’d hold regularly. I took profits in IoTex on the recent pump.

So many projects. I can’t keep up.

People don’t realize that this technology is infrastructure in its infancy. This stuff is the future of database storage and authentication. Along with a million other things and stuff we probably won’t see coming. I’m sold.

[steak n eggs]

I haven’t seen this thread yet. Jumped in early last year.

List of what I hold.

IoTex
Chainlink
Ankr
Amp
XYO
Cardano
Ethereum
Solana
Loopring
Polygon
Algo

Most of my holding are

IoTex
Chainlink
Ethereum
Ankr
Loopring
XYO

I made good money on the shib and doge pumps but not something I’d hold regularly. I took profits in IoTex on the recent pump.

So many projects. I can’t keep up.

People don’t realize that this technology is infrastructure in its infancy. This stuff is the future of database storage and authentication. Along with a million other things and stuff we probably won’t see coming. I’m sold.

No DOT? I think it’s a sleeper. Plus, it is being developed by one of the original Ethereum founders/developers.

[Darth_Pelican]

Come on ETH, keep running!

[Millennial_Messiah]

should have bought up the bitcoin last year when it was ~15k and then sold it last month when it was 65k. fml.

[Blake]

should have bought up the bitcoin last year when it was ~15k and then sold it last month when it was 65k. fml.

'Should have bought'. You think so?

Also, aren't you the one that is always hating on people playing the stock market

[InRareForm]

Anyone buy virtual land or a boat yet? Lol

[Blake]

Anyone buy virtual land or a boat yet? Lol

Shit, it's already being sold at basically real world values.

[NASpurs]

As of right now everything seems to be down 15-30%

[InRareForm]

Great time to DCA

[Millennial_Messiah]

Anyone buy virtual land or a boat yet? Lol

Can you buy land on Mars or the moon yet?

[Joseph Kony]

No biggie, just a nice sale to load up before the end of the year :tu

[cd021]

loaded up on dot and celr tbh

[InRareForm]

Just added to my Bitcoin holdings

[tlongII]

https://www.ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0

[baseline bum]

https://www.ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0

Paywall

[tlongII]

Paywall

Weird. I was able to access it originally but now I get a paywall too.

[ChumpDumper]

https://www.ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0


Paywall

I'm assuming they just covered this interview:

https://www.cnbc.com/video/2021/12/27/heres-why-bitcoin-looks-worse-than-a-madoff-style-ponzi-scheme-says-robert-mccauley.html

[spurraider21]

im still not convinced any of these serve any purpose other than gambling mechanisms

[Darth_Pelican]

I’m in it for the profits. I don’t care what old white millionaire boomer of the week goes on tv to bash it because it’s not something in his portfolio.

[ChumpDumper]

I mean he's right about the risk but how would an investor not know that at this point?

[baseline bum]

im still not convinced any of these serve any purpose other than gambling mechanisms

They also serve the purpose of wasting enormous amounts of electricity.

[Joseph Kony]

Block chain technology is the future. I'll bump this thread in a few years to lol at some of you :lol

[Darth_Pelican]

I mean he's right about the risk but how would an investor not know that at this point?

Right. I only invest what I’m willing to lose and not put myself in a bad financial situation if it crashes. But I’ve only started investing in crypto 11 months ago and I’m sitting on a 135% return.

[baseline bum]

Block chain technology is the future

Because of?

[Joseph Kony]

Because of?

i could go on a long rant but it's easier if you just google it. either you believe in the technology and its utility or you dont tbh, surprised someone as tech savvy is yourself is so anti-blockchain :lol

im a big believer in decentralization, smart contracts, and the utility of NFTs for things aside from dumb pictures of apes. vast majority of dapps are being built on the etherum blockchain. imho this is like the internet before the internet became maintstream

[spurraider21]

Block chain technology is the future. I'll bump this thread in a few years to lol at some of you :lol
blockchain is cute.

but for currency? crypto has been around for a few years now looking for a problem to solve, and it hasn't found one, really, other than what, tax evasion? i dno. its a gambling mechanism like any other security, and thats fine. but call a spade a spade, thats all it is at this point and foreseeably

[Joseph Kony]

Your opinion is cute tbh :lol you're entitled to it though :tu

[spurraider21]

Your opinion is cute tbh :lol you're entitled to it though :tu
I have no problem with people enriching themselves via crypto as with any other security tbh

but you can enlighten me as to what problem it is solving in the money/currency world. Imo it’s a solution looking for a problem

[spurraider21]

But da blockchain isn’t an answer btw

[baseline bum]

i could go on a long rant but it's easier if you just google it. either you believe in the technology and its utility or you dont tbh, surprised someone as tech savvy is yourself is so anti-blockchain :lol

im a big believer in decentralization, smart contracts, and the utility of NFTs for things aside from dumb pictures of apes. vast majority of dapps are being built on the etherum blockchain. imho this is like the internet before the internet became maintstream

So you can't tell me what it's good for.

[spurraider21]

:lol “either you believe it or you don’t” sounds more like a religion than anything

[spurraider21]

Blockchain technology having real world applications and utility =/= crypto will be anything more than a security/gambling mechanism

[spurraider21]

1477853317782855681

[Leetonidas]

Both of you can easily look it up. it's no one's job on here to convince you to invest your money :lol

I am not going to pretend to be an expert on the technology. but those "Crypto bros" myself included have been making bank the last year in crypto so people laughing at it while we're stacking bills just means they're missing out. i'm in it to make money, and so far i've done a pretty good job of that

[spurraider21]

You can’t answer either.

I have no ill will toward those who made and are making money off buying and selling them like any other security

making money off trading crypto or thinking it can be a continued vehicle for successful trading doesn’t mean you have to believe “crypto is the future”

those aren’t mutually exclusive

[leemajors]

Dogecoin founder shared his thoughts on crypto

1415353984617914370

[Leetonidas]

You can’t answer either.

I have no ill will toward those who made and are making money off buying and selling them like any other security

making money off trading crypto or thinking it can be a continued vehicle for successful trading doesn’t mean you have to believe “crypto is the future”

those aren’t mutually exclusive

Of course I could answer but i see no reason to type a long paragraph explaining why since no answer I can provide you would be sufficient to change anyone's mind who doesnt get there on their own. I'm also not interested in proving anything to anyone :lol to each his own man. Yall are welcome to believe whatever you want. And that's fine. 1 year ago I probably would have said the exact same thing as you or bb

[baseline bum]

Both of you can easily look it up. it's no one's job on here to convince you to invest your money :lol

I am not going to pretend to be an expert on the technology. but those "Crypto bros" myself included have been making bank the last year in crypto so people laughing at it while we're stacking bills just means they're missing out. i'm in it to make money, and so far i've done a pretty good job of that

Why should I do Kony's work for him when it's his claim? And people made money speculating on tulip bulbs too while they were being hyped up.

[spurraider21]

from that twitter thread

"But these days even the most modest critique of cryptocurrency will draw smears from the powerful figures in control of the industry and the ire of retail investors who they’ve sold the false promise of one day being a fellow billionaire. Good-faith debate is near impossible."

:lol sounds familiar

[spurraider21]

Of course I could answer but i see no reason to type a long paragraph explaining why since no answer I can provide you would be sufficient to change anyone's mind who doesnt get there on their own. I'm also not interested in proving anything to anyone :lol to each his own man. Yall are welcome to believe whatever you want. And that's fine. 1 year ago I probably would have said the exact same thing as you or bb
people cant seem to separate the fact that they have or continue to make money off trading crypto from the claim that its "the future" or can ever be a viable form of currency

i have no issue with the former. im just very skeptical of the latter

[Leetonidas]

people cant seem to separate the fact that they have or continue to make money off trading crypto from the claim that its "the future" or can ever be a viable form of currency

i have no issue with the former. im just very skeptical of the latter

I have no issue with that or admitting crypto is a highly speculative and volatile asset. But it's also difficult to prove anything is the future when it hasn't happened yet :lol

[spurraider21]

I have no issue with that or admitting crypto is a highly speculative and volatile asset. But it's also difficult to prove anything is the future when it hasn't happened yet :lol
but whats the basis to believe its the future?

if you yourself acknowledge that it is speculative and volatile then it would almost by definition be a piss poor currency

[SpursforSix]

I have no problem with people enriching themselves via crypto as with any other security tbh

but you can enlighten me as to what problem it is solving in the money/currency world. Imo it’s a solution looking for a problem

I don't have much crypto holdings. But a "solution looking for a problem" is how capitalism works. Once big interests get on board,(whether it be banks, pharma, energy), they'll ultimately dictate the value of any particular asset.

[baseline bum]

people cant seem to separate the fact that they have or continue to make money off trading crypto from the claim that its "the future" or can ever be a viable form of currency

i have no issue with the former. im just very skeptical of the latter

It's not used as a currency, it's crap to speculate on. Only time it was widely used as a currency was in the silk road days to buy drugs and shit. It uses way too much power to scale to be a real currency. Fucking crypto had AMD on the brink of bankruptcy when LiteCoin crashed in 2014 and all their expensive Hawaii gpus tanked in value after miners flooded the used market with them and they didn't release another high-end gpu until Radeon VII in 2019 thanks to the LiteCoin crash guttingtheir gpu division. Fucking financial innovation always turns out to be cancer.

[spurraider21]

I don't have much crypto holdings. But a "solution looking for a problem" is how capitalism works. Once big interests get on board,(whether it be banks, pharma, energy), they'll ultimately dictate the value of any particular asset.
you think banks, medicine, and energy were solutions that didnt solve problems? i disagree tbh.

the only problem that crypto has actually addressed is people trying to hide their money or evade taxes or something. otherwise its just a security that people trade on to make money (which is fine, and more power to anyone that makes money off of them). but then it should be regulated as such.

[Joseph Kony]

if you all are truly interested then i can provide a more in depth answer later after work. personally didnt see the point as i feel BB would scoff at it no matter what as he seems very set in his ideas on crypto and blockchain tech. :lol i assume its because of all the GPU farming but mining is going to be obsolete once ETH switches to proof-of-stake later this year

tbh the vast majority of crypto is worthless shit. there are a few projects that i believe have utility or potential to grow big time over the next few years. holding crypto also gives you governance within the chain, so there is more to it than just hoarding random coins. SR asked what does blockchain solve - it is a decentralized, easily traceable, instant system of payment. there are no intermediaries or third parties. all exchanges are logged on the chain for everyone to see. smart contracts are another thing im bullish on

But, like i said, if you really are actually interested in my opinion and arent just asking to scoff at it, i can provide a more in depth answer later

[Joseph Kony]

you think banks, medicine, and energy were solutions that didnt solve problems? i disagree tbh.

the only problem that crypto has actually addressed is people trying to hide their money or evade taxes or something. otherwise its just a security that people trade on to make money (which is fine, and more power to anyone that makes money off of them). but then it should be regulated as such.

block chains are incredibly easy to trace and verify transactions. it is way easier to trace money on the blockchain than actual cash. the whole "its used to evade taxes or buy illegal stuff" schtick has been debunked many times


everyday crpyto becomes more mainstream. big CC companies, vendors, venues, etc, all kinds of companies are beginning to adopt it. if you think its just going to crash and vanish then you're welcome to, but imho this is just the beginning. the anti crypto crowd has been saying the same shit since 2010 and 12 years later its still growing :lol

[spurraider21]

if you all are truly interested then i can provide a more in depth answer later after work. personally didnt see the point as i feel BB would scoff at it no matter what as he seems very set in his ideas on crypto and blockchain tech. :lol i assume its because of all the GPU farming but mining is going to be obsolete once ETH switches to proof-of-stake later this year

tbh the vast majority of crypto is worthless shit. there are a few projects that i believe have utility or potential to grow big time over the next few years. holding crypto also gives you governance within the chain, so there is more to it than just hoarding random coins. SR asked what does blockchain solve - it is a decentralized, easily traceable, instant system of payment. there are no intermediaries or third parties. all exchanges are logged on the chain for everyone to see. smart contracts are another thing im bullish on

But, like i said, if you really are actually interested in my opinion and arent just asking to scoff at it, i can provide a more in depth answer later
i didnt really ask what blockchain itself solves, i dont doubt that it will have some utility. im more curious as to why one should believe crypto will be the future of currencies.

ok, its decentralized. i hear this one a lot, so lets start there. what are problems with the current centralized forms of currency (say, the USD) that are solved by the decentralized format from, say, bitcoin.

[Leetonidas]

but whats the basis to believe its the future?

if you yourself acknowledge that it is speculative and volatile then it would almost by definition be a piss poor currency

I didn't say it was the future. Pretty sure JK said blockchain technology itself was the future

[baseline bum]

:lol i assume its because of all the GPU farming but mining is going to be obsolete once ETH switches to proof-of-stake later this year


Some other ASIC resistant shitcoin will take ether's place in a couple of years just like ether took litecoin's place.

[spurraider21]

I didn't say it was the future. Pretty sure JK said blockchain technology itself was the future
blockchain technology having applications =/= crypto becoming an actually useful currency, though. thats where i see this disconnect. why should i want to buy dogecoin just because i think blockchain tech is potentially useful? why cant we just look at crypto and say "hey ive made money off trading them, and thats really cool?" why do we have to convince ourselves that they are going to serve some greater purpose?

if i thought back in 1996 that electric cars were going to be the future, thats great. doesnt mean i'm going to order 10,000 EV1's from chevy and call it a currency

[baseline bum]

block chains are incredibly easy to trace and verify transactions. it is way easier to trace money on the blockchain than actual cash. the whole "its used to evade taxes or buy illegal stuff" schtick has been debunked many times


everyday crpyto becomes more mainstream. big CC companies, vendors, venues, etc, all kinds of companies are beginning to adopt it. if you think its just going to crash and vanish then you're welcome to, but imho this is just the beginning. the anti crypto crowd has been saying the same shit since 2010 and 12 years later its still growing :lol

Then why isn't it used as a currency if it's so mainstream? It's treated much more like tulip bulbs than it is currency.

[Trill Clinton]

DeFi banking>>>>traditional banking

Earning 12% interest on my savings vs letting it sit in a bank and only getting back .12% APY is a no brainer for me. Stocks and crypto is my savings account now.



https://www.youtube.com/watch?v=CQMnVMk2nHQ&t=3s

[spurraider21]

DeFi banking>>>>traditional banking

Earning 12% interest on my savings vs letting it sit in a bank and only getting back .12% APY is a no brainer for me. Stocks and crypto is my savings account now.



https://www.youtube.com/watch?v=CQMnVMk2nHQ&t=3s
isnt the 12% interest contingent on the price of your security going up?

[SpursforSix]

you think banks, medicine, and energy were solutions that didnt solve problems? i disagree tbh.

the only problem that crypto has actually addressed is people trying to hide their money or evade taxes or something. otherwise its just a security that people trade on to make money (which is fine, and more power to anyone that makes money off of them). but then it should be regulated as such.

Strongly disagree. Big Pharma is constantly using the unintended beneficial side effects from trials of drugs to push new products. And the financial industry creates layers and layers of derivatives as ways to "hedge" your investments. Even though those products are risky as hell but most people have no real understanding of the product itself.

I mean...you can follow it all the way to tech companies that leak their technology in tiers so that you're always wanting to buy the newest thing. Oh hey...we've got a better camera than you had before. Here's a commercial with some new shit that you don't need but you'll buy a new phone anyway.

A big part of the system is built on finding ideas first and then creating a market for them.

[SpursforSix]

DeFi banking>>>>traditional banking

Earning 12% interest on my savings vs letting it sit in a bank and only getting back .12% APY is a no brainer for me. Stocks and crypto is my savings account now.



https://www.youtube.com/watch?v=CQMnVMk2nHQ&t=3s

If you're only getting 12% and holding crypto and stocks, then you've probably missed something. Unless you can say that a large part of that is based on fiixed income. Which is hard to imagine getting 12% on without risk.

[spurraider21]

Strongly disagree. Big Pharma is constantly using the unintended beneficial side effects from trials of drugs to push new products. And the financial industry creates layers and layers of derivatives as ways to "hedge" your investments. Even though those products are risky as hell but most people have no real understanding of the product itself.

I mean...you can follow it all the way to tech companies that leak their technology in tiers so that you're always wanting to buy the newest thing. Oh hey...we've got a better camera than you had before. Here's a commercial with some new shit that you don't need but you'll buy a new phone anyway.

A big part of the system is built on finding ideas first and then creating a market for them.
oh. i'm not saying i love every aspect of the financial sector and big pharma's practices. but the institutions themselves are inherently useful. a world without pharmaceuticals would be dogshit :lol

[SpursforSix]

oh. i'm not saying i love every aspect of the financial sector and big pharma's practices. but the institutions themselves are inherently useful. a world without pharmaceuticals would be dogshit :lol

well yeah...you get some good with the bad. Just pointing out that corps creating demand is often the first step. Not organic consumer demand.

[spurraider21]

well yeah...you get some good with the bad. Just pointing out that corps creating demand is often the first step. Not organic consumer demand.
i think the demand for medications was already there tbh

[SpursforSix]

i think the demand for medications was already there tbh

Or course. And we need plenty of meds. But a good number of these were ineffective for their initial target and then re-purposed for a different malady that didn't necessarily merit a pharmaceutical treatment.

I'm surprised that you don't believe that Big Corp doesn't often create and drive demand.

[spurraider21]

Or course. And we need plenty of meds. But a good number of these were ineffective for their initial target and then re-purposed for a different malady that didn't necessarily merit a pharmaceutical treatment.

I'm surprised that you don't believe that Big Corp doesn't often create and drive demand.
depending on the product, sure. the opioid crisis didnt happen organically. nor did sugar addiction, nicotine addiction, etc

just not throwing the baby out with the bathwater

[SpursforSix]

depending on the product, sure. the opioid crisis didnt happen organically. nor did sugar addiction, nicotine addiction, etc

just not throwing the baby out with the bathwater

Sure...but you just named three of the biggest money makers for said industries.
My point being that when (or if) the financial group gets on board, they'll be pushing crypto. And they'll convince a lot of doubters that it's what they need to be invested in.

[Trill Clinton]

isnt the 12% interest contingent on the price of your security going up?

Not if you stake a stable coin like $USDC pegged to the dollar

[Trill Clinton]

If you're only getting 12% and holding crypto and stocks, then you've probably missed something. Unless you can say that a large part of that is based on fiixed income. Which is hard to imagine getting 12% on without risk.

I get 12% holding $USDC on crypto.com and get my rewards paid weekly.



https://www.youtube.com/watch?v=wydJmSAVM9g&t=349s

[SpursforSix]

I get 12% holding $USDC on crypto.com and get my rewards paid weekly.



https://www.youtube.com/watch?v=wydJmSAVM9g&t=349s

You're getting a 12% annual payout on that?

[spurraider21]

I get 12% holding $USDC on crypto.com and get my rewards paid weekly.



https://www.youtube.com/watch?v=wydJmSAVM9g&t=349s
thats pretty nuts that they're handing out 12% annual on USDC tbh... even getting 8% without locking it in for month+

[Trill Clinton]

You're getting a 12% annual payout on that?

Yes

[Trill Clinton]

thats pretty nuts that they're handing out 12% annual on USDC tbh... even getting 8% without locking it in for month+

Yup easy money

[spurraider21]

Yup easy money
how much are they taking in in fees to justify that, though? not necessarily from you, but generally. i remember back when Ally was offering 2% on basic savings it was a huge deal :lol (they're much lower than that now)

[Trill Clinton]

how much are they taking in in fees to justify that, though? not necessarily from you, but generally. i remember back when Ally was offering 2% on basic savings it was a huge deal :lol (they're much lower than that now)

They make a killing on fees from transactions(deposits and withdrawals) but no annual fee for staking or holding their card. I paid ~$11.50 to buy $400 worth of CRO. I'm sure they have 100's of thousands transactions a day. Plus they lend your $USDC or any other crypto you decide to stake for interest out to borrowers who return it at a higher interest rate.

[spurraider21]

They make a killing on fees from transactions(deposits and withdrawals) but no annual fee for staking or holding their card. I paid ~$11.50 to buy $400 worth of CRO. I'm sure they have 100's of thousands transactions a day. Plus they lend your $USDC or any other crypto you decide to stake for interest out to borrowers who return it at a higher interest rate.
dont you need to be holding at least $4,000 worth of CRO to get that 12%?

[SpursforSix]

Yes

Is that a special rate for black people?

[Leetonidas]

Then why isn't it used as a currency if it's so mainstream? It's treated much more like tulip bulbs than it is currency.

El Salvadors legal tender is BTC. The city of Miami is about to start giving its residents a BTC yield based on their own crypto dividends. Visa now accepts ETH payments. It is becoming mainstream. Not all crypto projects are useful but BTC and ETH by far are the two leading the pack. BTC has proven itself as a store of value and ETH is the biggest blockchain with the most developers and dapps and is only upgrading its network. It's not just about printing coins and pretending they have value. Tbh that is fiat money which is the real shitcoin.

[spurraider21]

how's it working out for el salvador?

[playblair]

none of you will ever cash out & none of you will ever make life changing money but got ahead & brag about the measly $700 youve made after investing $500

[Trill Clinton]

dont you need to be holding at least $4,000 worth of CRO to get that 12%?

Yea if you want 12% if you don't have the 4k in CRO you can still earn 10% with less than 400 CRO

Is that a special rate for black people?

I'm Native American fam

[Leetonidas]

how's it working out for el salvador?

Pretty well. They're using the profits to build 20 schools :tu

[Leetonidas]

none of you will ever cash out & none of you will ever make life changing money but got ahead & brag about the measly $700 youve made after investing $500

Lol. Tell us you're poor without telling us you're poor

[spurraider21]

Pretty well. They're using the profits to build 20 schools :tu
nothing to do with its use as a currency. their treasury was holding bitcoin just like any other security :lol

almost all the utility of crypto at this time is just an investment mechanism. thats my point. there's nothing wrong with that.

[baseline bum]

El Salvadors legal tender is BTC. The city of Miami is about to start giving its residents a BTC yield based on their own crypto dividends. Visa now accepts ETH payments. It is becoming mainstream. Not all crypto projects are useful but BTC and ETH by far are the two leading the pack. BTC has proven itself as a store of value and ETH is the biggest blockchain with the most developers and dapps and is only upgrading its network. It's not just about printing coins and pretending they have value. Tbh that is fiat money which is the real shitcoin.

It's still barely used as a currency, almost all transactions are speculation on it.

[Trill Clinton]

Crypto.com was just an example because it's mainstream and It's one of the platforms I use. But there are other exchanges you can use to stake stable coins if you don't have an interest in CRO.

[Leetonidas]

nothing to do with its use as a currency. their treasury was holding bitcoin just like any other security :lol

almost all the utility of crypto at this time is just an investment mechanism. thats my point. there's nothing wrong with that.

He asked why isn't it accepted as mainstream currency and I pointed out an entire country has adopted it as legal tender. Regardless of whether they're doing well in your eyes or not that was my point. I haven't argued that crypto is a great and viable currency in this thread :lol I agree, it's a great investment. That's what I'm in it for, never sugar coated that

[spurraider21]

He asked why isn't it accepted as mainstream currency and I pointed out an entire country has adopted it as legal tender. Regardless of whether they're doing well in your eyes or not that was my point. I haven't argued that crypto is a great and viable currency in this thread :lol I agree, it's a great investment. That's what I'm in it for, never sugar coated that
my question about "hows that going for el salvador" was in response to your comment that they now accept it as legal tender. that they also used bitcoin as a national investment is somewhat tangential to that

[Leetonidas]

my question about "hows that going for el salvador" was in response to your comment that they now accept it as legal tender. that they also used bitcoin as a national investment is somewhat tangential to that

Fair enough

[Darth_Pelican]

This can be argued till the cows come home.

Summary:
- crypto may or may not have a long term purpose
- crypto investors have made great returns
- no one knows it’s future value

[spurraider21]

This can be argued till the cows come home.

Summary:
- crypto may or may not have a long term purpose
- crypto investors have made great returns
- no one knows it’s future value
agree with all that

and that proof of work has been an environmental nightmare

[playblair]

can someone teach me how to buy a house with crypto gains

[LaMarcus Bryant]

Crypto may be finished

Should have seen the writing on the wall when my wife bought Solana


If the Fed really does raise rates and there's a need for liquidity this stuff gonna tank like no other. Which is ironic, given a main selling point was protection from fed actions :lol

[spurraider21]

its a security. when money is tight, people are going to want to liquidate.

[InRareForm]

Crypto may be finished

Should have seen the writing on the wall when my wife bought Solana


If the Fed really does raise rates and there's a need for liquidity this stuff gonna tank like no other. Which is ironic, given a main selling point was protection from fed actions :lol

I can see this being a bull case for bitcoin, everyone dumps out of poop coins and goes to the king

[Millennial_Messiah]

Bitcoin's recent tumble... hopefully is a sign long term that crypto isn't the way forward. Long live the dollar :toast

[Blake]

Bitcoin's recent tumble... hopefully is a sign long term that crypto isn't the way forward. Long live the dollar :toast

Just a dip, just like last year.

[Millennial_Messiah]

Just a dip, just like last year.
Long Live The Dollar :tu

[Blake]

Long Live The Dollar :tu

Ok

[spurraider21]

I get 12% holding $USDC on crypto.com and get my rewards paid weekly.



https://www.youtube.com/watch?v=wydJmSAVM9g&t=349s
1483540705947668482

[LaMarcus Bryant]

crypto may be finished

[Adam Lambert]

Time to move everything into pictures of apes.

[spurraider21]

crypto may be finished
nah

[Darth_Pelican]

crypto may be finished

I hear this every time there's a big dip. And every time it hits new ATHs on the next bull run.

[Leetonidas]

Lol the dip in May was worse than this. This is just a nice opportunity to buy :tu

[Reck]

I hear this every time there's a big dip. And every time it hits new ATHs on the next bull run.

How sustainable is this model?

It's not serious. There's so much crash and burns you can take. The dips dont help it's credibility.

[Leetonidas]

How sustainable is this model?

It's not serious. There's so much crash and burns you can take. The dips dont help it's credibility.

Didn't the S&P just dip 1000 points? It happens in the stock market too :lol

A downtrend like the recent one isn't the norm but does happen once or twice a year based on historical trends. it's a good thing anyway since it shakes out retarded shitcoins and pointless scam projects

even with this "crash" BTC is up 14% from this time last year while ETH is up 97% from this time last year. if this is a crash then i think we're fine tbh

[spurraider21]

Didn't the S&P just dip 1000 points? It happens in the stock market too :lol

A downtrend like the recent one isn't the norm but does happen once or twice a year based on historical trends. it's a good thing anyway since it shakes out retarded shitcoins and pointless scam projects

even with this "crash" BTC is up 14% from this time last year while ETH is up 97% from this time last year. if this is a crash then i think we're fine tbh
there are always blips for everything... but the S&P/Dow are much more reliable. outside of the big dip at the start of covid, you see the same upward trend with some noise here and there. not comparable to BTC. BTC is extremely volatile even as a security, let alone a "currency"

https://i.gyazo.com/e427ab6c37f757c69e5d0b5e95134485.png

https://i.gyazo.com/2d199b29439c9a1c4d188658f178cd78.png

bitcoin's history, just looking at the charts, is closer to a meme stock like gme/amc than anything

[baseline bum]

there are always blips for everything... but the S&P/Dow are much more reliable. outside of the big dip at the start of covid, you see the same upward trend with some noise here and there. not comparable to BTC. BTC is extremely volatile even as a security, let alone a "currency"

https://i.gyazo.com/e427ab6c37f757c69e5d0b5e95134485.png

https://i.gyazo.com/2d199b29439c9a1c4d188658f178cd78.png

bitcoin's history, just looking at the charts, is closer to a meme stock like gme/amc than anything

Well yeah when you had the fed dumping a trillion dollars a day and buying up shit assets to float the stock market because the guiding principle of the US is the rich can never feel any pain whatsoever.

[spurraider21]

1487364584516239369

[InRareForm]

1488389824243449861

[Trill Clinton]

Hope ya'll bought the dip or held

[Blake]

Hope ya'll bought the dip or held

Yeah I'm holding for now. Probably will sell at the next big rise

[Trill Clinton]

Very interesting video. Hope ya'll are staking your ETH


https://www.youtube.com/watch?v=yB9hrM90jJQ&t=1907s

[spurraider21]

how's it working out for el salvador?
:lol

1525231537683308545

[InRareForm]

https://fortune.com/2022/05/13/luna-terra-ust-stablecoin-do-kwon-wife-protection-crypto-crash/amp/

Glad I did not buy any Luna. Crazy how some people put all their eggs (or most) in one basket and got wiped out. Not. Smart

[Reck]

https://fortune.com/2022/05/13/luna-terra-ust-stablecoin-do-kwon-wife-protection-crypto-crash/amp/

Glad I did not buy any Luna. Crazy how some people put all their eggs (or most) in one basket and got wiped out. Not. Smart

Putting your eggs in multiple baskets relating to crypto is still not smart. :lol

[InRareForm]

Putting your eggs in multiple baskets relating to crypto is still not smart. :lol

Really? Btc is a 5x since March 2020

[ChumpDumper]

Really? Btc is a 5x since March 2020

If you bought in around Christmas 2020 it's the same price.

[InRareForm]

If you bought in around Christmas 2020 it's the same price.

Not the worst thing in the world being even.

I mean if you bought in 2017 highs it's only 9k less than now. Point is.... Dollar cost averaging is a smart crypto investor and not just buying at the top

[ChumpDumper]

Not the worst thing in the world being even.

I mean if you bought in 2017 highs it's only 9k less than now. Point is.... Dollar cost averaging is a smart crypto investor and not just buying at the top

:lol who predicted where the top was?

[SpursforSix]

Not the worst thing in the world being even.

I mean if you bought in 2017 highs it's only 9k less than now. Point is.... Dollar cost averaging is a smart crypto investor and not just buying at the top

Dollar cost averaging is broker speak. It’s mathematically sound but it’s not nearly as effective as just staying out of an asset until the bottom has been confirmed. And dollar cost averaging, wipes out people that can’t take the drawdown. Dollar cost averaging in crypto is a risky concept.

[InRareForm]

Dollar cost averaging is broker speak. It’s mathematically sound but it’s not nearly as effective as just staying out of an asset until the bottom has been confirmed. And dollar cost averaging, wipes out people that can’t take the drawdown. Dollar cost averaging in crypto is a risky concept.

Tell me you don't like crypto with not saying it lol

I'm not going to argue with you non coin folk. To each their own, we will revisit this post in the future.

Long btc

[spurraider21]

Tell me you don't like crypto with not saying it lol

I'm not going to argue with you non coin folk. To each their own, we will revisit this post in the future.

Long btcthis is a religion

[InRareForm]

this is a religion

And nasdaq stocks are not also? Lol

[spurraider21]

And nasdaq stocks are not also? Lol
“Not going to argue with you non coin folk”m

Sounds like a Bible thumper saying he’s not going to argue with a nonbelieving heathen

[SpursforSix]

10735234 (tel:10735234)[/URL]]Tell me you don't like crypto with not saying it lol

I'm not going to argue with you non coin folk. To each their own, we will revisit this post in the future.

Long btc

I’m not anti bit coin per se. I’m against using the term, “dollar cost averaging” when it’s used to encourage people to keep buying an asset that’s falling. As I said, I’d rather wait until I’m comfortable that it’s bottomed out before I buy more. Regardless of the asset. As to bitcoin, I don’t think any can say for sure that it doesn’t totally crash. In any event, I’d rather just sit out and wait for some upside confirmation. You can dollar cost average on the way up as well.

[SpursforSix]

Tell me you don't like crypto with not saying it lol

I'm not going to argue with you non coin folk. To each their own, we will revisit this post in the future.

Long btc

Tell me you missed cashing out on Crypto without saying it.

[spurraider21]

And nasdaq stocks are not also? Lol
No. Those are based on actual enterprises that provide goods and services and generate revenue

[InRareForm]

Btc Trending