If you’re set to make it to your last breath the only reasons I see to get involved is greed or something to do like someone said. I don’t need to be greedy and I’ve also retired my thinking. I don’t want to learn about crypto, Facebook, Twitter, instagram or any new 💩. I watch new movies but really enjoy black and white.
@291fifth said:
After all this my attitude toward crypto has not changed. Have none, want none, accept none. It strikes me as nothing more than a long-running, unregulated financial scheme that is going to suffer the same fate as tulips in the 1600's or Ponzi victims in more recent years. When all a certain multi-billionaire has to do to affect the market is send out a twitter message to his "followers" you know you are in trouble.
The same Twitter phenomenon has moved stocks. Your argument is not a crypto problem but a cult of personality problem.
The Reddit group moved silver futures earlier in the year with the same social media phenomenon.
Many stocks rely heavily on "sizzle" and not fundamentals. Quick money is the lure but eventually the fundamentals always catch up to them.
The origins are a Ponzi scheme. Boiler rooms of hundreds of paid pumpers pumping bitcoin for years trying to break into the news cycle. It worked. Having said that. I have a small position in the picks and shovels company that makes money buying or selling crypto. When everyone is panic selling . I make money.
Since I don’t get this crypto stuff I though I would ask for advice on a coin forum. Good investment ? I think I could swing it if I max out my credit cards ( I have no interest on one for 15 months sounds good right ) sell my house, 2 kidneys and a liver. Should I make this a poll ?
I see alot of comments that people dont want to learn about crypto. Certainly that is anyone's prerogative. But I suggest an interesting read is the The Almanack of Naval Ravikant. In it he says " the most important skill for getting rich is becoming a perpetual learner." Something to think about.
@Gazes said:
I see alot of comments that people dont want to learn about crypto. Certainly that is anyone's prerogative. But I suggest an interesting read is the The Almanack of Naval Ravikant. In it he says " the most important skill for getting rich is becoming a perpetual learner." Something to think about.
I'm not sure why people aren't just curious to learn more. They are clearly curious enough to click on this threads. However they then feel they need to declare their wilful ignorance as a badge of honor. You don't have to put money into it to want to know a little bit about it.
@JimTyler said:
You can also pick on me for not wanting to know about Facebook and twitter or learning French or how to do rectal exams.
I think it's one thing to not want to learn about things but it's another to not learn about it and go on to a forum and be critical of those who do learn about it.
@JimTyler said:
You can also pick on me for not wanting to know about Facebook and twitter or learning French or how to do rectal exams.
I think it's one thing to not want to learn about things but it's another to not learn about it and go on to a forum and be critical of those who do learn about it.
@JimTyler said:
You can also pick on me for not wanting to know about Facebook and twitter or learning French or how to do rectal exams.
I think it's one thing to not want to learn about things but it's another to not learn about it and go on to a forum and be critical of those who do learn about it.
You’re delusional
I can not match your advanced debating skills. Enjoy your evening!
I was thinking... why Taiwan? And what if internet was disrupted world-wide for days or weeks? Civilisation as we know it crashes (as if y2k had hit us even harder than feared). Value of crypto would be the least of our worries.
100th pint of blood donated 7/19/2022 . Transactions with WilliamF, Relaxn, LukeMarshal, jclovescoins, braddick, JWP, Weather11am, Fairlaneman, Dscoins, lordmarcovan, Collectorcoins, SurfinxHI, JimW. God so loved the world that he gave his only begotten son, that who so believeth in him should not perish but have everlasting life.
@moursund said:
I'd rather invest in what I know, and the crypto still seem more like speculation than investment. Of course, depending on how you think the markets are manipulated, even US equity indexes might seem risky in the long term... But that's where I keep my nest egg.
Definition of "speculation": high risk investment.
Isn't paying $1000 for a 1916-D dime AT BEST speculation?
Quoting oneself is pure hubris but my "old fart" metric for when to take a profit stands firm as evidenced by the market. I make profit regardless of whether the market goes up or down, it is RARE (once every 3 months) that I sell or trade.
If history gives me any signal about blockchain trading patterns, it is time to take a small profit and pay off initial investments. I'll use my fiat ramp to pad my bank account as I have in the past. If it isn't real to you, that's fine...I want more time to buy at the next bear cycle.
@JWP said:
I don't want any investment that I can only afford say 10 shares and it fluxuates thousands of $$ each day. I may never get rich, but will not go broke with just a few shares either.
You could buy a billion shares of Shibu. Would that make you feel better?
I only have 2,206,979 shares of Shiba,,,,,,, it is worth 1/3 less now than what I paid for it.
@blitzdude said:
Don't fight perception. Mass perception says cryptos are the new gold (and some gutter). Cryptos will continue to move higher. RGDS!
Well, that convinces me! 2nd mortgage on my house coming right up, and load me with the latest popular crypt-o!
100th pint of blood donated 7/19/2022 . Transactions with WilliamF, Relaxn, LukeMarshal, jclovescoins, braddick, JWP, Weather11am, Fairlaneman, Dscoins, lordmarcovan, Collectorcoins, SurfinxHI, JimW. God so loved the world that he gave his only begotten son, that who so believeth in him should not perish but have everlasting life.
Well a group of over 17,000 crypto investors tried to buy a copy of the US Constitution and drove the bidding up to $40 million... more than double the estimated hammer price...
Coins are Neato!
"If it's a penny for your thoughts and you put in your two cents worth, then someone...somewhere...is making a penny." - Steven Wright
@TonerGuy said:
Well a group of over 17,000 crypto investors tried to buy a copy of the US Constitution and drove the bidding up to $40 million... more than double the estimated hammer price...
There's no foundation of business.(it doesn't produce anything)
As I understand it it starts with two strands of alpha numeric code.......
If the Federal Reserve implements a digital dollar say good bye to crypto.......
@1040taxman said:
There's no foundation of business.(it doesn't produce anything)
As I understand it it starts with two strands of alpha numeric code.......
If the Federal Reserve implements a digital dollar say good bye to crypto.......
No more true of crypto than credit card payments.
How about checks? That's just two strings of alpha numeric code with a signature.
@DelawareDoons said:
Crypto is virtually all gains if you mine it.
Well, if you ignore electricity costs.
I spend like $200/month in electricity to mine $2.2k in Eth.
It's virtually all gains.
That's not bad. Is that what it was before the upgrade also? Is it cheaper than BTC mining? When I looked into BTC mining a couple years ago, it was prohibitively expensive.
@DelawareDoons said:
Crypto is virtually all gains if you mine it.
Well, if you ignore electricity costs.
I spend like $200/month in electricity to mine $2.2k in Eth.
It's virtually all gains.
That's not bad. Is that what it was before the upgrade also? Is it cheaper than BTC mining? When I looked into BTC mining a couple years ago, it was prohibitively expensive.
The most recent update that affected miner compensation? It dropped a bit once they started burning the gas rather than giving it to miners. I'm still in the green by a nice chunk and have a buncha high end GPU's to sell once ETH switches to PoS if I decide to not pursue another PoW coin... I'd guess I could walk away from my little trip into the world of Crypto Mining today with a ~$25k profit, maybe more.
I got into this because I figured if I'm stuck with electric heat, I might as well make some money to offset heating costs and use GPU's to help heat my house, and I've gone and made enough to just upgrade to gas. It's a trip.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
@DelawareDoons said:
Crypto is virtually all gains if you mine it.
Well, if you ignore electricity costs.
Or if you can mine at using someone else's computers and electricity...
100th pint of blood donated 7/19/2022 . Transactions with WilliamF, Relaxn, LukeMarshal, jclovescoins, braddick, JWP, Weather11am, Fairlaneman, Dscoins, lordmarcovan, Collectorcoins, SurfinxHI, JimW. God so loved the world that he gave his only begotten son, that who so believeth in him should not perish but have everlasting life.
@yspsales said:
My concern is not for the 10% that understand crypto or those wise enough to invest early.
There was another add on Sirius touting crypto IRA and 80+ coins.
Some people are confusing wisdom with luck.
And some people are confusing luck with wisdom.
I had a student about 5 years ago that was a huge proponent of bitcoin. He could talk for hours about the reasons for it, the value it represented, the place for it in the future, etc. I don't think you can strictly call that luck.
@DelawareDoons said:
Crypto is virtually all gains if you mine it.
Well, if you ignore electricity costs.
I spend like $200/month in electricity to mine $2.2k in Eth.
It's virtually all gains.
Just as a casual afterthought, how much of a carbon footprint is made energizing them all ( cryptos) ?
My mining footprint? No idea. Way less than if I was farming Bitcoin. ASIC miners are way more energy intensive than my GPU's. Quick googling shows that ETH as a whole consumes about 1/10th the electricity as BTC. At any rate, PoS is coming to ETH so that all ends by next summer in all probability. BTC, on the other hand, is just going to keep going.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
terms like farming, mining, wallet, etc. when referring to Bitcoin have always amused me. here, something new and possibly revolutionary comes along and the practitioners can't even come up with unique terms to describe it's functions and technical parts.
that's pretty lame in itself and speaks poorly for the sharp minds who drive Bitcoin. get creative and come up with new and original names.
@keets said:
terms like farming, mining, wallet, etc. when referring to Bitcoin have always amused me. here, something new and possibly revolutionary comes along and the practitioners can't even come up with unique terms to describe it's functions and technical parts.
that's pretty lame in itself and speaks poorly for the sharp minds who drive Bitcoin. get creative and come up with new and original names.
Lowering the barrier to entry only helps build a userbase. Doing what you describe would just make things harder to get into. It's kind of nonsensical to even suggest it.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
trust me, if there were different terms and people were interested it wouldn't keep them away or stop them from learning about it. now THAT is nonsensical to suggest, but I digress.
@keets said:
trust me, if there were different terms and people were interested it wouldn't keep them away or stop them from learning about it. now THAT is nonsensical to suggest, but I digress.
Ok boomer.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
The man that bought it was none other than Ken Griffin, the CEO of Citadel Securities. He lost billions and billions of his customer's money this past year due to his poor financial leadership. He is infamous for his ongoing involvement in GameStop stock price manipulation.
@TonerGuy said:
Well a group of over 17,000 crypto investors tried to buy a copy of the US Constitution and drove the bidding up to $40 million... more than double the estimated hammer price...
Comments
I'm getting a kick out of some of the comments on this thread and others about crypto.
If you’re set to make it to your last breath the only reasons I see to get involved is greed or something to do like someone said. I don’t need to be greedy and I’ve also retired my thinking. I don’t want to learn about crypto, Facebook, Twitter, instagram or any new 💩. I watch new movies but really enjoy black and white.
Many stocks rely heavily on "sizzle" and not fundamentals. Quick money is the lure but eventually the fundamentals always catch up to them.
The origins are a Ponzi scheme. Boiler rooms of hundreds of paid pumpers pumping bitcoin for years trying to break into the news cycle. It worked. Having said that. I have a small position in the picks and shovels company that makes money buying or selling crypto. When everyone is panic selling . I make money.
100% Positive BST transactions
Since I don’t get this crypto stuff I though I would ask for advice on a coin forum. Good investment ? I think I could swing it if I max out my credit cards ( I have no interest on one for 15 months sounds good right ) sell my house, 2 kidneys and a liver. Should I make this a poll ?
Not worth the increased IRS scrutiny.
I could hide it under my mattress.
I see alot of comments that people dont want to learn about crypto. Certainly that is anyone's prerogative. But I suggest an interesting read is the The Almanack of Naval Ravikant. In it he says " the most important skill for getting rich is becoming a perpetual learner." Something to think about.
I'm not sure why people aren't just curious to learn more. They are clearly curious enough to click on this threads. However they then feel they need to declare their wilful ignorance as a badge of honor. You don't have to put money into it to want to know a little bit about it.
You can also pick on me for not wanting to know about Facebook and twitter or learning French or how to do rectal exams.
I think it's one thing to not want to learn about things but it's another to not learn about it and go on to a forum and be critical of those who do learn about it.
You’re delusional
I can not match your advanced debating skills. Enjoy your evening!
If a major war erupts over Taiwan internet wb offline. . Crypto wb worthless. So much for online buy / sell.
If you bought the $50m Bitcoin when it was $5k, it would be totally worth it.
Actually, this is not true. But facts don't matter, do they?
https://www.google.com/amp/s/cointelegraph.com/news/bitcoin-without-the-internet-can-it-happen-and-is-it-possible/amp
I was thinking... why Taiwan? And what if internet was disrupted world-wide for days or weeks? Civilisation as we know it crashes (as if y2k had hit us even harder than feared). Value of crypto would be the least of our worries.
ADA has been flat for too long now. IMO it will make a move soon, or sooner or later.
ADA is my biggest position and I want more. Because it is speculation, I would love to see a BIG move either way. Big up, I sell, Big down, I buy.
That is way speculating (gambling) is so much fun
Not if it’s MS-65FB
Mmmm...Werther's.
Quoting oneself is pure hubris but my "old fart" metric for when to take a profit stands firm as evidenced by the market. I make profit regardless of whether the market goes up or down, it is RARE (once every 3 months) that I sell or trade.
Let’s saddle up the kitties and head for Crypto Center for a ball game. 🙃
🎶 shout shout, let it all out 🎶
Every time someone mentions "Crypto" I see Paul Newman and Robert Redford sitting on a desk.
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
Why are your smileys upside down?
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
Don't fight perception. Mass perception says cryptos are the new gold (and some gutter). Cryptos will continue to move higher. RGDS!
I only have 2,206,979 shares of Shiba,,,,,,, it is worth 1/3 less now than what I paid for it.
Well, that convinces me! 2nd mortgage on my house coming right up, and load me with the latest popular crypt-o!
Well a group of over 17,000 crypto investors tried to buy a copy of the US Constitution and drove the bidding up to $40 million... more than double the estimated hammer price...
https://reuters.com/markets/us/rare-us-constitution-copy-draws-466-mln-crypto-group-bid-sothebys-auction-2021-11-18/
hodling
Coins are Neato!
"If it's a penny for your thoughts and you put in your two cents worth, then someone...somewhere...is making a penny." - Steven Wright
Then one guy bought it with US$.
Crypto is virtually all gains if you mine it.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
There's no foundation of business.(it doesn't produce anything)
As I understand it it starts with two strands of alpha numeric code.......
If the Federal Reserve implements a digital dollar say good bye to crypto.......
No more true of crypto than credit card payments.
How about checks? That's just two strings of alpha numeric code with a signature.
FRNs have a string of numerics...and little else.
Gold is just a shiny yellow rock.
Well, if you ignore electricity costs.
I spend like $200/month in electricity to mine $2.2k in Eth.
It's virtually all gains.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
That's not bad. Is that what it was before the upgrade also? Is it cheaper than BTC mining? When I looked into BTC mining a couple years ago, it was prohibitively expensive.
The most recent update that affected miner compensation? It dropped a bit once they started burning the gas rather than giving it to miners. I'm still in the green by a nice chunk and have a buncha high end GPU's to sell once ETH switches to PoS if I decide to not pursue another PoW coin... I'd guess I could walk away from my little trip into the world of Crypto Mining today with a ~$25k profit, maybe more.
I got into this because I figured if I'm stuck with electric heat, I might as well make some money to offset heating costs and use GPU's to help heat my house, and I've gone and made enough to just upgrade to gas. It's a trip.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Was making an effort tonight...
S&P will start indexing the 550 known "coins"
Am I right that Crypto is actually mined by a computer solving mathematical problems? That it consumes so much energy it is an environmental issue?
A bit hokey, but it has become a store of value. So was tulips and Beanie Bears.
But tell that to the investors when the guy died on the Nile River without leaving his passwords. Or the guy that tossed his harddrive into the trash?
My only question is where were you in 2016 when it was $800?
$57,500?
Today...Pass
I would honestly rather invest in honeybees...lol
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
Or if you can mine at using someone else's computers and electricity...
My concern is not for the 10% that understand crypto or those wise enough to invest early.
There was another add on Sirius touting crypto IRA and 80+ coins.
Some people are confusing wisdom with luck.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
And some people are confusing luck with wisdom.
I had a student about 5 years ago that was a huge proponent of bitcoin. He could talk for hours about the reasons for it, the value it represented, the place for it in the future, etc. I don't think you can strictly call that luck.
Okay. > @keets said:
Amen Al.
But fear not. A whole new group of workers are being brought in. Can we say " southern border" here ?
Just as a casual afterthought, how much of a carbon footprint is made energizing them all ( cryptos) ?
My mining footprint? No idea. Way less than if I was farming Bitcoin. ASIC miners are way more energy intensive than my GPU's. Quick googling shows that ETH as a whole consumes about 1/10th the electricity as BTC. At any rate, PoS is coming to ETH so that all ends by next summer in all probability. BTC, on the other hand, is just going to keep going.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
terms like farming, mining, wallet, etc. when referring to Bitcoin have always amused me. here, something new and possibly revolutionary comes along and the practitioners can't even come up with unique terms to describe it's functions and technical parts.
that's pretty lame in itself and speaks poorly for the sharp minds who drive Bitcoin. get creative and come up with new and original names.
Lowering the barrier to entry only helps build a userbase. Doing what you describe would just make things harder to get into. It's kind of nonsensical to even suggest it.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
trust me, if there were different terms and people were interested it wouldn't keep them away or stop them from learning about it. now THAT is nonsensical to suggest, but I digress.
Ok boomer.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
This old fart has no regret buying ETHEREUM crypto five years ago. Also has no problem sharing the gains with the IRS when it is time to sell.
The man that bought it was none other than Ken Griffin, the CEO of Citadel Securities. He lost billions and billions of his customer's money this past year due to his poor financial leadership. He is infamous for his ongoing involvement in GameStop stock price manipulation.