Crypto Currency Thread (Vol.2)

Crypto Currency Thread (Vol.2)

Author
Discussion

Yetski

597 posts

162 months

Thursday 23rd June 2022
quotequote all
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. smile

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.

jammy-git

29,776 posts

211 months

Thursday 23rd June 2022
quotequote all
Why put money in now? No crypto is going to recover until the we get through the other side of this impending recession.

Slow

6,973 posts

136 months

Thursday 23rd June 2022
quotequote all
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.

r3g

2,928 posts

23 months

Thursday 23rd June 2022
quotequote all
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.
He has zero intention of putting any money in. Just ignore and move on to the next post.

jammy-git

29,776 posts

211 months

Thursday 23rd June 2022
quotequote all
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.
There is SO much negativity around NFTs, I really can't see that marketplace doing very well. Happy to be proven wrong though, maybe it'll be the useful application NFTs need to prove they are worthwhile.

DonkeyApple

54,934 posts

168 months

Thursday 23rd June 2022
quotequote all
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. smile

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.
So long as Revolut still exists. wink

DonkeyApple

54,934 posts

168 months

Thursday 23rd June 2022
quotequote all
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. wink

Slow

6,973 posts

136 months

Thursday 23rd June 2022
quotequote all
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.
There is SO much negativity around NFTs, I really can't see that marketplace doing very well. Happy to be proven wrong though, maybe it'll be the useful application NFTs need to prove they are worthwhile.
I *think* it is meant to have in game items rather just just some jpg images.

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.

Ari

19,328 posts

214 months

Thursday 23rd June 2022
quotequote all
DonkeyApple said:
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. wink
Or mistresses of very wealthy men! biggrin


Ari

19,328 posts

214 months

Thursday 23rd June 2022
quotequote all
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.

Ari

19,328 posts

214 months

Thursday 23rd June 2022
quotequote all
DonkeyApple said:
So long as Revolut still exists. wink
Quite..!

dmahon

2,717 posts

63 months

Thursday 23rd June 2022
quotequote all
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.

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

jammy-git

29,776 posts

211 months

Thursday 23rd June 2022
quotequote all
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.
Of course there is.

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).

Seventyseven7

866 posts

68 months

Thursday 23rd June 2022
quotequote all
r3g said:
He has zero intention of putting any money in. Just ignore and move on to the next post.
He couldn't afford to put money into Bitcoin tbh. Shame really.

g4ry13

16,889 posts

254 months

Thursday 23rd June 2022
quotequote all
I bought some more BTC this morning. Couldn't let a good bargain go by although really should have bought sub-$20k.

Also bought some stuff to stake at 18%. It certainly beats the bank!

Condi

17,089 posts

170 months

Thursday 23rd June 2022
quotequote all
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.

Ouroboros

2,371 posts

38 months

Thursday 23rd June 2022
quotequote all
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.

Ari

19,328 posts

214 months

Thursday 23rd June 2022
quotequote all
Seventyseven7 said:
He couldn't afford to put money into Bitcoin tbh. Shame really.
How interesting. What makes you say that? smile

bitchstewie

50,813 posts

209 months

Thursday 23rd June 2022
quotequote all
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.

Largechris

2,019 posts

90 months

Thursday 23rd June 2022
quotequote all
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"

Oh, maybe not.