Crypto Investments!
- Thread starter gr8_punk
- Start date
Take a look at any coins that have some utilitarian values. Here's some that I'm looking at.
- ETH
- ADA
- DOT
- EOS
Also, I don't own Bitcoin, Litecoin, Dogecoin, or any other coin that's just a currency on a ledger. These currencies hold no utilitarian value.
- ETH
- ADA
- DOT
- EOS
Also, I don't own Bitcoin, Litecoin, Dogecoin, or any other coin that's just a currency on a ledger. These currencies hold no utilitarian value.
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I have the Purpose Bitcoin ETF BTCC-U.TO.
Basically the same as owning Bitcoin without having to fuck around with wallets and shit.
Basically the same as owning Bitcoin without having to fuck around with wallets and shit.
i'd hope no one is "fully" invested... information like the following shows how fragile the whole things is:
Anyone Seen Tether’s Billions?
Anyone Seen Tether’s Billions?
Fully investing in crypto is akin to buying that ocean front property in Alberta.
And add in the fact it is VERY volatile.
However, my Bitcoin and Ethereum portfolio's (play money) are as of today up 181.65%.
Which gets a pretty big Fuck Yeah from et moi.
Not as good as my brother who bought in early in the whole blockchain game. Fucker has made a few M$'s but he bought his first batch at US250, then a bunch more in the 1K range.
And add in the fact it is VERY volatile.
However, my Bitcoin and Ethereum portfolio's (play money) are as of today up 181.65%.
Which gets a pretty big Fuck Yeah from et moi.
Not as good as my brother who bought in early in the whole blockchain game. Fucker has made a few M$'s but he bought his first batch at US250, then a bunch more in the 1K range.
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That article proves nothing other than Tether is plausibly a massive Ponzi scheme, and that there was a massive oversight to the amount of assets backing all circulating Tether.
Yeah, I own all of those crypto...
Good stuff....Crypto will make more millionaires in the next 10 years...
Think of crypto is the next 'GoldRush'. It is not going anywhere anytime soon!!!!
You're asking for financial advice, vis-a-vis the cryptocurrency market, in the lounge of an escort review board... some things just defy logic, wow, let me know how it goes...
If you are fully invested in the crypto market, just remember bears make money, bulls make money and pigs get slaughtered. In all seriousness if you are seek financial advice from pooners or a taxi driver, we are at the top of the market.
I got ADA back in Feb at .80c. Today it's $2.60.....Tripled my money, regret not buying more....BUT the chances of it flipping ETH is impossible with the market cap that it has. Too much volume, no scarcity. I could see ADA going to $10 in the near future, but I doubt anyone is going to be stupid-crypto-rich off it.
The thing with cypto is its not controlled by governments. But the initial cash goes somewhere. The more people willing to speculate the higher the price goes.
The thing is when do you cash out? Is it newcomers that actually bring in the cash you get when you sell your cypto; then its a ponzi scheme.... Also think 1929 US stock market crash..... Speculation....
Are you in for the investment or a way to avoid taxes/tracking on items.
For a successful cypto to work, it has to have something as value to base its monetary value on. Just like the American dollar is based on the economic power of the US. You are better off investing in the Chinese Yuan.
So like the stock market only put in what you can ultimately afford to lose.....
The thing is when do you cash out? Is it newcomers that actually bring in the cash you get when you sell your cypto; then its a ponzi scheme.... Also think 1929 US stock market crash..... Speculation....
Are you in for the investment or a way to avoid taxes/tracking on items.
For a successful cypto to work, it has to have something as value to base its monetary value on. Just like the American dollar is based on the economic power of the US. You are better off investing in the Chinese Yuan.
So like the stock market only put in what you can ultimately afford to lose.....
And on that brilliant note, moderation, time to lock up this brilliantly insightful thread...
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Why is it necessary to lock this one?
It's not an unreasonable topic to discuss on here
The "monetary value" is the developing block-chain technology of what a particular crypto is based on.
Because as how things are currently, there is a search for a new monetary system which needs to be a departure from the traditional "paper and coin" system we've relied on for the past few hundred years. But as how one coin operates differently than each other, various software developers are creating their own coin to out-perform others, in terms of gas-fees and speed of transactions. Some (like ADA) are pushing to re-invent the entire way we view money and economy too, an idea that surpasses the notion of "a new kind of money".....and people put their faith in that....no different that the government telling you to put faith in their traditional fiat currency, which isn't backed by much value as our goods are being imported/exported, and the west doesn't produce as much as it did post-WW2....The CAD and USD isn't really worth the paper it's printed on....
So the way the look at crypto now is, playing the "exchange rates" with a country that doesn't (physically) exist (yet)...... and instead of looking at it like a Ponzi scheme (which is basically what Wall-Street is anyway), look at it like a bubble. I agree that crypto's value will be finite. But that's not going to happen for a long time coming, since a coin would have to be a widely accepted form of currency in order for the value to drop. And not just be able to buy Teslas or shop at Walmart (which in some places you can),...but to get paid as an employee, and use the coin in every aspect of how we live our lives already with fiat. Until then, it's a race to see who can make the better coin to take over traditional money.
Or like some SF like star trek, money doesn't exist in the future....
Good points, still much to discover.
again, I implore moderation to lock this thread up... nobody on PERB, should be allowed to opine on medical or financial advice... I always worry about the the fools who would listen to guys like this...
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What’s your problem, stocks and financials have been in the Perb lounge forever, ignore the thread if it bothers you that much. This is new shit to most of us so it’s fun to watch the discussion, bitcoin lost half its value not that long ago and rebounded fully since, it is the Wild West for sure.
Hey Masterpoonhunter, right now I have about $7000 invested in Bitcoin and $1000 invested in Ethereum. I hope my investments give me a good return but right now Bitcoin is stagnate at between $61,000 and $62,000 per coin. I’ve thought about investing in some other Altcoins but don’t know if that is a great idea. I hear ya when you say being fully invested in cryptocurrency is like being investment in an ocean front property in Alberta! Hahaha
