Crypto Currency Thread (Vol.2)
Discussion
Ari said:
I am actually thinking of throwing a couple of thousand at some crypto, just for sts and giggles. Well, hopefully just giggles.
Call it a bet on the stupidity of human nature, I could actually imagine there being enough people in the world daft enough to see it as 'cheap' and think they were 'buying the dip' to drive the price up a bit.
The question over whether you'd actually be able to get your money back out even if it did go up puts me off a bit though.
If you just want a simple dabble like that, use a Revolut account, you can withdraw straight away whenever you like, you are just limited to what you can buy.Call it a bet on the stupidity of human nature, I could actually imagine there being enough people in the world daft enough to see it as 'cheap' and think they were 'buying the dip' to drive the price up a bit.
The question over whether you'd actually be able to get your money back out even if it did go up puts me off a bit though.
jammy-git said:
Why put money in now? No crypto is going to recover until the we get through the other side of this impending recession.
Loopring has potential due to the launch of gme nft marketplace due this summer.It shouldn’t just be a regular nft marketplace as from what I can tell it will have items for games which brings in the kids/young adults just buying it up with the recession meaning not a lot to them.
Slow said:
jammy-git said:
Why put money in now? No crypto is going to recover until the we get through the other side of this impending recession.
Loopring has potential due to the launch of gme nft marketplace due this summer.It shouldn’t just be a regular nft marketplace as from what I can tell it will have items for games which brings in the kids/young adults just buying it up with the recession meaning not a lot to them.
Yetski said:
Ari said:
I am actually thinking of throwing a couple of thousand at some crypto, just for sts and giggles. Well, hopefully just giggles.
Call it a bet on the stupidity of human nature, I could actually imagine there being enough people in the world daft enough to see it as 'cheap' and think they were 'buying the dip' to drive the price up a bit.
The question over whether you'd actually be able to get your money back out even if it did go up puts me off a bit though.
If you just want a simple dabble like that, use a Revolut account, you can withdraw straight away whenever you like, you are just limited to what you can buy.Call it a bet on the stupidity of human nature, I could actually imagine there being enough people in the world daft enough to see it as 'cheap' and think they were 'buying the dip' to drive the price up a bit.
The question over whether you'd actually be able to get your money back out even if it did go up puts me off a bit though.
Ari said:
You called me a hairdresser, because I drive a Mercedes SL, just like your little friend did earlier, that's so funny and clever of you to copy him, bless you!
'Hairdresser'!
Hahahahahahaha.
Yup. It doesn't make sense as an insult. Hairdressers favour the SLK as its cheap and easier to park on the street. Besides, we all know that SL owners are typically bald with a tendency to be retired. 'Hairdresser'!
Hahahahahahaha.
jammy-git said:
Slow said:
jammy-git said:
Why put money in now? No crypto is going to recover until the we get through the other side of this impending recession.
Loopring has potential due to the launch of gme nft marketplace due this summer.It shouldn’t just be a regular nft marketplace as from what I can tell it will have items for games which brings in the kids/young adults just buying it up with the recession meaning not a lot to them.
Previously people would buy a in game skin or whatever with their money and that was it. You couldn’t sell it on or give away.
The thought it with the GameStop marketplace is you will buy a nft version of the in game item but you can later trade or sell it on.
If it ends up working like this then it is an absolutely massive market of people not really realising it’s a nft and just a way to buy and sell in game items.
jammy-git said:
Why put money in now? No crypto is going to recover until the we get through the other side of this impending recession.
Do you really believe that there is any connection at all between crypto and real investments or real life? Or to put it another way, why would there be?Easy to see why company shares or property prices might be affected, but there's no real life link to crypto (other than, perhaps, people having less money to speculate with) because it doesn't do anything or earn anything, or indeed be anything.
r3g said:
Own wallets of what?
Not sure if serious about Metamask?
I have ETH in Metamask, BTC in Coinbase Wallet and a “file system wallet” for Solana. I have never successfully synced a node. Not sure if serious about Metamask?
Of course I understand that wallets contain private keys and not actual coins, but I still have no idea why I would need to run and sync an ETH or Solana node and then wait for hours for self custody.
Feel free to educate me as we may be talking at cross purposes.
Edited by dmahon on Thursday 23 June 13:06
Ari said:
jammy-git said:
Why put money in now? No crypto is going to recover until the we get through the other side of this impending recession.
Do you really believe that there is any connection at all between crypto and real investments or real life? Or to put it another way, why would there be?Easy to see why company shares or property prices might be affected, but there's no real life link to crypto (other than, perhaps, people having less money to speculate with) because it doesn't do anything or earn anything, or indeed be anything.
Massive amounts of inflation and cost of living rises means the number of people with spare cash to buy crypto is at an all time low.
Once we're through the other side of the recession and crypto as a general market starts to show signs of recovery, people will start to buy again because they think they'll make some money (again).
g4ry13 said:
Also bought some stuff to stake at 18%. It certainly beats the bank!
Did Celsius not teach you that high interest rate (ie high return) is a reward for high risk, and in the crypto world those risks are the likelihood of losing your entire investment?? Greed is the undoing of many men.
Condi said:
Did Celsius not teach you that high interest rate (ie high return) is a reward for high risk, and in the crypto world those risks are the likelihood of losing your entire investment??
Greed is the undoing of many men.
Madoff was only 5- 10% returns, should have invested in crypto.Greed is the undoing of many men.
bhstewie said:
PayPal is possibly one of the quickest ways to get exposure from somewhere you'd hopefully trust.
I have a small percentage of my investments in BitCoin through them and it was about as hassle free as it gets.
"Untraceable, untaxable, two fingers up at the capitalist system"I have a small percentage of my investments in BitCoin through them and it was about as hassle free as it gets.
Oh, maybe not.
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