Crypto Currency Thread (Vol.2)
Discussion
greengreenwood7 said:
@ ooopsvoss....and....
I don't consider myself a trader, in fact i made 2 stupid moves in the past 12 mths which curtailed the gains i would have locked in - if i'd stayed with my original allocations ( swapped between assets at the wrong time).
so am no BTC maxi, and no user of crypto, but the space fascinates me - aside from the investing side, i'm curious to see how some of the projects change/impact eitehr of lives directly, or how they disrupt trad-fi etc.
A healthy way to see it and to get involved. How many times you have burned up some swaps? Some of which where pump and dump schemes. Last one was Pepe I think. I don't consider myself a trader, in fact i made 2 stupid moves in the past 12 mths which curtailed the gains i would have locked in - if i'd stayed with my original allocations ( swapped between assets at the wrong time).
so am no BTC maxi, and no user of crypto, but the space fascinates me - aside from the investing side, i'm curious to see how some of the projects change/impact eitehr of lives directly, or how they disrupt trad-fi etc.
Crypto is fascinating true, a new way to open up a cross-border transfer. That was the intention. If Satoshi foresaw the 30t + coin hype? I guess not, or at least not in that dimension.
ooid said:
Seventyseven7 said:
I agree there was a problem using profits from crypto just a few years ago, but I managed to do it in 2021 and it’s much easier now. I can name 3 solicitors in Surrey that you could use if needed. PM me and I can send you details if needed for your friend.
Yes thanks I remember now you mentioned about your situation in this thread, but yours was different? You basically payed off your remaining mortgage with your crypto earnings.What I am asking, buying a property in U.K. and using debt. Part (or all) of your deposit will come from crypto earnings. Apparently, this is not possible, partly lenders do not accept this route and leave conveyancing to do all AML checks, if there is any issue all risk on them not on the lender so their insurance does not cover.
In terms of buying a house and using crypto profits to purchase ‘Bird & Co’ in Surrey can help with this. I didn’t proceed, but with their help I would have been able to purchase a property. You’re right, it’s not simple and not a lot of solicitors willing to help at the moment.
Years roll by and its still the same users in here debating whether or not its possible to 'get rich' in crypto.
It's possible. And it doesn't need to involve buying bitcoin.
Everything is verifiable on chain, publicly.
There are hundreds of thousands of blockchain wallet address with millions sitting in them. Some bought ETH early, some hit the jackpot with NFTs and some are always in the right place at the right time.
Look into $BOME as a recent example. Reached over a $1B marketcap in days. Anyone who saw a specific tweet from https://x.com/beaniemaxi or found the token elsewhere managed a 100x return.
That's all it takes. You can try and 'invest' like tradfi but the returns are much smaller.
Treat it like gambling.
It's possible. And it doesn't need to involve buying bitcoin.
Everything is verifiable on chain, publicly.
There are hundreds of thousands of blockchain wallet address with millions sitting in them. Some bought ETH early, some hit the jackpot with NFTs and some are always in the right place at the right time.
Look into $BOME as a recent example. Reached over a $1B marketcap in days. Anyone who saw a specific tweet from https://x.com/beaniemaxi or found the token elsewhere managed a 100x return.
That's all it takes. You can try and 'invest' like tradfi but the returns are much smaller.
Treat it like gambling.
NickZ24 said:
greengreenwood7 said:
@ ooopsvoss....and....
I don't consider myself a trader, in fact i made 2 stupid moves in the past 12 mths which curtailed the gains i would have locked in - if i'd stayed with my original allocations ( swapped between assets at the wrong time).
so am no BTC maxi, and no user of crypto, but the space fascinates me - aside from the investing side, i'm curious to see how some of the projects change/impact eitehr of lives directly, or how they disrupt trad-fi etc.
A healthy way to see it and to get involved. How many times you have burned up some swaps? Some of which where pump and dump schemes. Last one was Pepe I think. I don't consider myself a trader, in fact i made 2 stupid moves in the past 12 mths which curtailed the gains i would have locked in - if i'd stayed with my original allocations ( swapped between assets at the wrong time).
so am no BTC maxi, and no user of crypto, but the space fascinates me - aside from the investing side, i'm curious to see how some of the projects change/impact eitehr of lives directly, or how they disrupt trad-fi etc.
Crypto is fascinating true, a new way to open up a cross-border transfer. That was the intention. If Satoshi foresaw the 30t + coin hype? I guess not, or at least not in that dimension.
not sure i understand your point/question?
'Swaps' for me are switching between things like clsk and mstr or mstr and tsla - i had/have a plan and stupidly tried to get cute with a cple of interim swaps at (in hindsight) less than ideal levels.
all my crypto proxies are there just to 'turbo' the holdings i want long term - could have bought a shedload more tsla at $140 a few weeks back, but i'd rather use the proxies as a steping stone - as they could/might/should be the faster horse for the next months. ie/ achieve 2 or3x the amount i could have vs if i'd just bought the tsla dip.
Memes like Pepe - nope, i haven't got a clue about those. Literally just got 4 or 5 Alts in the Solana ecosystem: Defi, Depin, AI type projects. Otherwise it's Solana for me, plus obvs btc 'kind of ' via proxies - will decide whether to return to BTC depending what the sentiment is from ETF inflows. As the trad 4 yr cycle may change if there's a perpetual 'bid' from institiutions/etf's etc.
Tonberry said:
There are hundreds of thousands of blockchain wallet address with millions sitting in them. Some bought ETH early, some hit the jackpot with NFTs and some are always in the right place at the right time..
Millions which are lost too, another part not looked at when developing. But yes you can get rich, more chances you have nowadays when doing a coin, usually on erc-20 Ethereum chain, yes the one with the hefty gas charges.
Listed are about 5000 https://www.coinlore.com/token-types/erc20/all
and there is BEP-20, there are around 2000 and its even easier to create a token.
https://www.coinlore.com/token-types/binance-bep-2...
That leaves marketing.
Tonberry said:
Years roll by and its still the same users in here debating whether or not its possible to 'get rich' in crypto.
It's possible. And it doesn't need to involve buying bitcoin.
Everything is verifiable on chain, publicly.
There are hundreds of thousands of blockchain wallet address with millions sitting in them. Some bought ETH early, some hit the jackpot with NFTs and some are always in the right place at the right time.
Look into $BOME as a recent example. Reached over a $1B marketcap in days. Anyone who saw a specific tweet from https://x.com/beaniemaxi or found the token elsewhere managed a 100x return.
That's all it takes. You can try and 'invest' like tradfi but the returns are much smaller.
Treat it like gambling.
no one is challenging whether it is possible to get rich in crypto, however it is very unlikely that any particular holder in crypto has made any money of note. It is also very unlikely that someone on the internet who claims to be a crypto millionaire actually is. It is also fairly likely that a crypto holder who is going on about the positivity of crypto as an investment, or the currency of the future is actually just trying to shill up the value of their holdings. It's possible. And it doesn't need to involve buying bitcoin.
Everything is verifiable on chain, publicly.
There are hundreds of thousands of blockchain wallet address with millions sitting in them. Some bought ETH early, some hit the jackpot with NFTs and some are always in the right place at the right time.
Look into $BOME as a recent example. Reached over a $1B marketcap in days. Anyone who saw a specific tweet from https://x.com/beaniemaxi or found the token elsewhere managed a 100x return.
That's all it takes. You can try and 'invest' like tradfi but the returns are much smaller.
Treat it like gambling.
No one is saying it's not possible - the main issue is that the internet is filled to bursting with lying b
ds!Blown2CV said:
no one is challenging whether it is possible to get rich in crypto, however it is very unlikely that any particular holder in crypto has made any money of note. It is also very unlikely that someone on the internet who claims to be a crypto millionaire actually is. It is also fairly likely that a crypto holder who is going on about the positivity of crypto as an investment, or the currency of the future is actually just trying to shill up the value of their holdings.
No one is saying it's not possible - the main issue is that the internet is filled to bursting with lying bds!
So it's possible to get rich in crypto, but at the same time it is unlikely that anyone holding crypto has made any money? It's unlikely that people saying they are crypto millionaires really are, but they are also holding enough crypto to make it worth devoting all their time and energy to shilling it?No one is saying it's not possible - the main issue is that the internet is filled to bursting with lying b
ds!You seem to hold some fairly divergent beliefs. Could it be the case that this is a fantasy that only exists in your own mind?
no those things are entirely compatible.
It's possible to win the lottery but if you meet someone a pissed guy down the pub who says they are a lottery millionaire you might be justified in treating that claim as dubious. Rather in the same way you might not quite believe their claims they tried out for man utd as a kid but hurt their knee, or they used to be in the SAS, or they once shagged a supermodel.
However with crypto it's even LESS likely someone is telling the truth because you can't even look them in the eye as they are often hiding behind an internet username and they know no one can prove anything to the contrary.
Don't get me wrong it isn't just PH you only have to look on tiktok to see just how rife fabricated success is.
Click the link to buy my course.
It's possible to win the lottery but if you meet someone a pissed guy down the pub who says they are a lottery millionaire you might be justified in treating that claim as dubious. Rather in the same way you might not quite believe their claims they tried out for man utd as a kid but hurt their knee, or they used to be in the SAS, or they once shagged a supermodel.
However with crypto it's even LESS likely someone is telling the truth because you can't even look them in the eye as they are often hiding behind an internet username and they know no one can prove anything to the contrary.
Don't get me wrong it isn't just PH you only have to look on tiktok to see just how rife fabricated success is.
Click the link to buy my course.
Blown2CV said:
no those things are entirely compatible.
It's possible to win the lottery but if you meet someone a pissed guy down the pub who says they are a lottery millionaire you might be justified in treating that claim as dubious. Rather in the same way you might not quite believe their claims they tried out for man utd as a kid but hurt their knee, or they used to be in the SAS, or they once shagged a supermodel.
However with crypto it's even LESS likely someone is telling the truth because you can't even look them in the eye as they are often hiding behind an internet username and they know no one can prove anything to the contrary.
Don't get me wrong it isn't just PH you only have to look on tiktok to see just how rife fabricated success is.
Click the link to buy my course.
Very bitter old man. It's possible to win the lottery but if you meet someone a pissed guy down the pub who says they are a lottery millionaire you might be justified in treating that claim as dubious. Rather in the same way you might not quite believe their claims they tried out for man utd as a kid but hurt their knee, or they used to be in the SAS, or they once shagged a supermodel.
However with crypto it's even LESS likely someone is telling the truth because you can't even look them in the eye as they are often hiding behind an internet username and they know no one can prove anything to the contrary.
Don't get me wrong it isn't just PH you only have to look on tiktok to see just how rife fabricated success is.
Click the link to buy my course.
Blown2CV said:
no those things are entirely compatible.
It's possible to win the lottery but if you meet someone a pissed guy down the pub who says they are a lottery millionaire you might be justified in treating that claim as dubious. Rather in the same way you might not quite believe their claims they tried out for man utd as a kid but hurt their knee, or they used to be in the SAS, or they once shagged a supermodel.
However with crypto it's even LESS likely someone is telling the truth because you can't even look them in the eye as they are often hiding behind an internet username and they know no one can prove anything to the contrary.
Don't get me wrong it isn't just PH you only have to look on tiktok to see just how rife fabricated success is.
Click the link to buy my course.
Its not just crypto though is it lets be fair. I get multiple spam and/or fake adverts for investing platforms and how you can trade your way (on normal stocks) to millions - just pay fee to join the platform.It's possible to win the lottery but if you meet someone a pissed guy down the pub who says they are a lottery millionaire you might be justified in treating that claim as dubious. Rather in the same way you might not quite believe their claims they tried out for man utd as a kid but hurt their knee, or they used to be in the SAS, or they once shagged a supermodel.
However with crypto it's even LESS likely someone is telling the truth because you can't even look them in the eye as they are often hiding behind an internet username and they know no one can prove anything to the contrary.
Don't get me wrong it isn't just PH you only have to look on tiktok to see just how rife fabricated success is.
Click the link to buy my course.
I suspect your looking for crypto specific issues whereas the world is simply full of BS scams to entice us to pay for things. Kinda like capitalism is really just its more scammy now.
Seventyseven7 said:
Blown2CV said:
no those things are entirely compatible.
It's possible to win the lottery but if you meet someone a pissed guy down the pub who says they are a lottery millionaire you might be justified in treating that claim as dubious. Rather in the same way you might not quite believe their claims they tried out for man utd as a kid but hurt their knee, or they used to be in the SAS, or they once shagged a supermodel.
However with crypto it's even LESS likely someone is telling the truth because you can't even look them in the eye as they are often hiding behind an internet username and they know no one can prove anything to the contrary.
Don't get me wrong it isn't just PH you only have to look on tiktok to see just how rife fabricated success is.
Click the link to buy my course.
Very bitter old man. It's possible to win the lottery but if you meet someone a pissed guy down the pub who says they are a lottery millionaire you might be justified in treating that claim as dubious. Rather in the same way you might not quite believe their claims they tried out for man utd as a kid but hurt their knee, or they used to be in the SAS, or they once shagged a supermodel.
However with crypto it's even LESS likely someone is telling the truth because you can't even look them in the eye as they are often hiding behind an internet username and they know no one can prove anything to the contrary.
Don't get me wrong it isn't just PH you only have to look on tiktok to see just how rife fabricated success is.
Click the link to buy my course.
Blown2CV said:
Seventyseven7 said:
Blown2CV said:
no those things are entirely compatible.
It's possible to win the lottery but if you meet someone a pissed guy down the pub who says they are a lottery millionaire you might be justified in treating that claim as dubious. Rather in the same way you might not quite believe their claims they tried out for man utd as a kid but hurt their knee, or they used to be in the SAS, or they once shagged a supermodel.
However with crypto it's even LESS likely someone is telling the truth because you can't even look them in the eye as they are often hiding behind an internet username and they know no one can prove anything to the contrary.
Don't get me wrong it isn't just PH you only have to look on tiktok to see just how rife fabricated success is.
Click the link to buy my course.
Very bitter old man. It's possible to win the lottery but if you meet someone a pissed guy down the pub who says they are a lottery millionaire you might be justified in treating that claim as dubious. Rather in the same way you might not quite believe their claims they tried out for man utd as a kid but hurt their knee, or they used to be in the SAS, or they once shagged a supermodel.
However with crypto it's even LESS likely someone is telling the truth because you can't even look them in the eye as they are often hiding behind an internet username and they know no one can prove anything to the contrary.
Don't get me wrong it isn't just PH you only have to look on tiktok to see just how rife fabricated success is.
Click the link to buy my course.
- Portfolio screenshot deleted
Edited by Seventyseven7 on Tuesday 21st May 19:01
Seventyseven7 said:
Blown2CV said:
Seventyseven7 said:
Blown2CV said:
no those things are entirely compatible.
It's possible to win the lottery but if you meet someone a pissed guy down the pub who says they are a lottery millionaire you might be justified in treating that claim as dubious. Rather in the same way you might not quite believe their claims they tried out for man utd as a kid but hurt their knee, or they used to be in the SAS, or they once shagged a supermodel.
However with crypto it's even LESS likely someone is telling the truth because you can't even look them in the eye as they are often hiding behind an internet username and they know no one can prove anything to the contrary.
Don't get me wrong it isn't just PH you only have to look on tiktok to see just how rife fabricated success is.
Click the link to buy my course.
Very bitter old man. It's possible to win the lottery but if you meet someone a pissed guy down the pub who says they are a lottery millionaire you might be justified in treating that claim as dubious. Rather in the same way you might not quite believe their claims they tried out for man utd as a kid but hurt their knee, or they used to be in the SAS, or they once shagged a supermodel.
However with crypto it's even LESS likely someone is telling the truth because you can't even look them in the eye as they are often hiding behind an internet username and they know no one can prove anything to the contrary.
Don't get me wrong it isn't just PH you only have to look on tiktok to see just how rife fabricated success is.
Click the link to buy my course.
@blown2cv
your thesis is flawed to the nth degree.
Sure as has been said there are umpteen scammers, the world is full of bullsh%t these days - 19yr olds pumping crap on tiktok/utube is 'the norm' these days. Just as there are umpteen 'qualified professionals' who claim to be investment ( stocks) gurus; But doesn't take much digging to realise that there are genuinely a boatload of folks who are invested in crypto or 'single stocks' who do and have done very nicely.
I'm reminded of a mate of mine everytime you post in this thread:
he can't see a point to crypto, doesn't understand the hype, can't believe that people make money etc etc, hasn't bothered to research / learn.
Guess what: he put about £3k into crypto and then moaned that it was a waste of time as it hadn't done very well.....when he told me the st that he'd bought 'blind' i'm not surprised. Ergo, in his eyes it's still a non-investable space.
To comppound it - most times i chat with him, he'll say - 'oh i see clsk/mstr/whatever has gone up by 300%, that would have been worth being in' - FFS all those things are related to crypto - and doesn't take a genius to figure it out.
Mind, this is the same bloke that still goes on about tsla being a car company and how the valuation is waaaay too high !
your thesis is flawed to the nth degree.
Sure as has been said there are umpteen scammers, the world is full of bullsh%t these days - 19yr olds pumping crap on tiktok/utube is 'the norm' these days. Just as there are umpteen 'qualified professionals' who claim to be investment ( stocks) gurus; But doesn't take much digging to realise that there are genuinely a boatload of folks who are invested in crypto or 'single stocks' who do and have done very nicely.
I'm reminded of a mate of mine everytime you post in this thread:
he can't see a point to crypto, doesn't understand the hype, can't believe that people make money etc etc, hasn't bothered to research / learn.
Guess what: he put about £3k into crypto and then moaned that it was a waste of time as it hadn't done very well.....when he told me the s
t that he'd bought 'blind' i'm not surprised. Ergo, in his eyes it's still a non-investable space.To comppound it - most times i chat with him, he'll say - 'oh i see clsk/mstr/whatever has gone up by 300%, that would have been worth being in' - FFS all those things are related to crypto - and doesn't take a genius to figure it out.
Mind, this is the same bloke that still goes on about tsla being a car company and how the valuation is waaaay too high !
ILikeCake said:
Seventyseven7 said:
Blown2CV said:
Seventyseven7 said:
Blown2CV said:
no those things are entirely compatible.
It's possible to win the lottery but if you meet someone a pissed guy down the pub who says they are a lottery millionaire you might be justified in treating that claim as dubious. Rather in the same way you might not quite believe their claims they tried out for man utd as a kid but hurt their knee, or they used to be in the SAS, or they once shagged a supermodel.
However with crypto it's even LESS likely someone is telling the truth because you can't even look them in the eye as they are often hiding behind an internet username and they know no one can prove anything to the contrary.
Don't get me wrong it isn't just PH you only have to look on tiktok to see just how rife fabricated success is.
Click the link to buy my course.
Very bitter old man. It's possible to win the lottery but if you meet someone a pissed guy down the pub who says they are a lottery millionaire you might be justified in treating that claim as dubious. Rather in the same way you might not quite believe their claims they tried out for man utd as a kid but hurt their knee, or they used to be in the SAS, or they once shagged a supermodel.
However with crypto it's even LESS likely someone is telling the truth because you can't even look them in the eye as they are often hiding behind an internet username and they know no one can prove anything to the contrary.
Don't get me wrong it isn't just PH you only have to look on tiktok to see just how rife fabricated success is.
Click the link to buy my course.
greengreenwood7 said:
@blown2cv
your thesis is flawed to the nth degree.
Sure as has been said there are umpteen scammers, the world is full of bullsh%t these days - 19yr olds pumping crap on tiktok/utube is 'the norm' these days. Just as there are umpteen 'qualified professionals' who claim to be investment ( stocks) gurus; But doesn't take much digging to realise that there are genuinely a boatload of folks who are invested in crypto or 'single stocks' who do and have done very nicely.
I'm reminded of a mate of mine everytime you post in this thread:
he can't see a point to crypto, doesn't understand the hype, can't believe that people make money etc etc, hasn't bothered to research / learn.
Guess what: he put about £3k into crypto and then moaned that it was a waste of time as it hadn't done very well.....when he told me the st that he'd bought 'blind' i'm not surprised. Ergo, in his eyes it's still a non-investable space.
To comppound it - most times i chat with him, he'll say - 'oh i see clsk/mstr/whatever has gone up by 300%, that would have been worth being in' - FFS all those things are related to crypto - and doesn't take a genius to figure it out.
Mind, this is the same bloke that still goes on about tsla being a car company and how the valuation is waaaay too high !
OK you produce a brief summary of a guy who either exists or doesn't and i have no way to check, and you use it as proof... of what? One person doesn't make a rule, even if they do exist. your thesis is flawed to the nth degree.
Sure as has been said there are umpteen scammers, the world is full of bullsh%t these days - 19yr olds pumping crap on tiktok/utube is 'the norm' these days. Just as there are umpteen 'qualified professionals' who claim to be investment ( stocks) gurus; But doesn't take much digging to realise that there are genuinely a boatload of folks who are invested in crypto or 'single stocks' who do and have done very nicely.
I'm reminded of a mate of mine everytime you post in this thread:
he can't see a point to crypto, doesn't understand the hype, can't believe that people make money etc etc, hasn't bothered to research / learn.
Guess what: he put about £3k into crypto and then moaned that it was a waste of time as it hadn't done very well.....when he told me the s
t that he'd bought 'blind' i'm not surprised. Ergo, in his eyes it's still a non-investable space.To comppound it - most times i chat with him, he'll say - 'oh i see clsk/mstr/whatever has gone up by 300%, that would have been worth being in' - FFS all those things are related to crypto - and doesn't take a genius to figure it out.
Mind, this is the same bloke that still goes on about tsla being a car company and how the valuation is waaaay too high !
I am saying, and i entirely stick by this... a) crypto is a s
t investment (now) and b) most people who say otherwise are talking st on purpose and c) many people who say they are crypto millionaires are absolutely talking about of their arses.Gassing Station | Finance | Top of Page | What's New | My Stuff