Cryptocurrency
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- neverscared0
remember binance ?
- doggydoggdog1
Remember NFTS and Bored Apes?
- 'Remember NFTs'...? Is that the next NFT craze?shapesalad
- lolKrassy
- I still keep them on my old phone
https://pbs.twimg.co…drgs
- doggydoggdog0
Should I sell?
- _niko2
so something that was worth nothing was suddenly worth trillions for some reason and now it's worth nothing again and people are shocked.
- tulipsmonospaced
- The Argentina Peso?shapesalad
- wait what's worth nothing? btc and eth are worth quite a lot...inteliboy
- It’s all just what someone is willing to pay that determines “worth.” an intangible digital “currency” wasn’t worth anything until it was “sold.”monospaced
- ^+YakuZoku
- at least its eco friendly....https...neverscared
- https://www.greenpea…neverscared
- sure, if ya wanna play semantics. Though right now btc is worth $27k. People have been screaming it's death here since it was $2inteliboy
- Salty nocoinercrazyprick
- obviously some of the more stable coins like BTC are ok I guess, talking more about the million other scam coins on the market... and even then..._niko
- nobody can explain how anything really works or why. People spent billions on douchbags in hoodies sleeping on beanbags playing COD just because_niko
- @niko, not saying this to be argumentative, but this is all really explainable. It's a classic bubble, and it's been around for centuries.monospaced
- It's not semantics. Like graf won't STFU about, it's Monopoly money. It's not really valuable. It was hyped and given value and scarcity.monospaced
- Fact is, many people (including myself) bought and sold bitcoin for massive profits. It wasn't as "scam" until it collapsed. It helped paid for my house.monospaced
- Can't blame the cunts who bought at $50 and sold at $5k like I did. it was there for the taking. Only those who missed out are bitter really.monospaced
- No I didn’t profit that much. But not toooo far offmonospaced
- of course mono, but for every clever bloke like yourself, there were hundreds that lost their shirts, they bought into the hype and got put through the grinder_niko
- doesn't make it any less scammy just because people made money on it, people make money on pyramid and Ponzi schemes too_niko
- I think it's like sports cards. Cards had value traditionally because they were scarce, ones in good condition even more so. Legendary players were worth more_niko
- everyone wanted a Babe ruth or a Horus Wagner and it sort of made sense why their cards were worth hundreds to thousands. Then all of a sudden in the 90s_niko
- the market was flooded with hundreds of card companies putting out thousands of cards and driving up the value artificially, "investors" were paying dumb amount_niko
- amounts for common cards that were in abundance and inevitably the bubble burst and everyone lost money, so yeah your analogy to it being a classic bubble is_niko
- spot on but you can't deny all the unscrupulous players that were involved made this something closer to a Ponzi scheme_niko
- I get what you're saying. absolutely is a wasteland of scams and ponzisinteliboy
- I’m not saying it wasn’t a scam dude. I’m agreeing with you.monospaced
- All bubbles have people who profit and some who lose out. The HODL chumps.monospaced
- In Bitcoins case it goes beyond the 'what someone else is prepared to pay for it'. It has utility within a diversified portfolio.shapesalad
- It's a banking hedge. It's an inflation/fiat devaluation hedge. It's a trustless more easily transferred and 100% own able digital gold.shapesalad
- Gold has its utility, but some cons: Not easy to carry across boarders, heavy. Unless in your hands, you have to trust the issuer of it.shapesalad
- So if you have a full portfolio, hedging and covering all bases, bitcoin makes sense as part of that - which starts to impart value to it.shapesalad
- And if you are in Argentina, you want to get paid in Peso's or BTC? I know which I'd prefer.shapesalad
- Suremonospaced
- Salty, salty nocoiners.
Sent from my Lambo.crazyprick - was replying to niko not u monointeliboy
- wordmonospaced
- hydro744
- "the wallet address is:
zosdyv07fsuv09yxcvjk...shapesalad - "Wait, say that again."
" z, o, s, d, y..."shapesalad
- "the wallet address is:
- grafician-3
"Celebrities charged with illegally promoting cryptocurrency assets
- Jake Paul
- Soulja Boy
- Austin Mahone
- Lindsay Lohan
- Lil Yachty
- Akon
- Ne-Yo"- No Gary V? I'm disappointed :-(PhanLo
- Also Coinbase is in deep shit
https://www.msn.com/…grafician - lol Gary V still has frens
https://twitter.com/…grafician - z-grade celebsinteliboy
- Z-grade crimesmonospaced
- AQUTE7
im buying, little more each middle of the month
- *POOF*formed
- drain the swamputopian
- Invest in yourself... buy better food!OBBTKN
- @OBBTKN
What kinda boomer advice is that?!
Yolo!palimpsest - you misspelt cryingdrgs
- midmonth-life crisis..neverscared
- @pal... was'nt a bad advice, and mondays I feel older than the rest of the weekdays; Therefore, I reaffirm what has been said ;)OBBTKN
- "I'm dying, little more each middle of the month"NBQ00
- Why?Nairn
- while at it, waste some money on NFTs as well. It's all the rage . LOLKrassy
- wasting money lol. this 10 year old thread is like a broken recordinteliboy
- shapesalad1
https://cointelegraph.com/news/u…
USDC investor shells out $2M to receive $0.05 USDT trying to evade crash.
They forgot to set ‘slippage’, while swap within a liquidity pool, which led to a maximal extractable value (MEV) bot netting $2.045 million in profit after paying $45 in gas and $39,000 in MEV bribes.
- shapesalad0
https://www.reuters.com/business…
"Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday before recovering most of its losses after Circle, the firm behind it, assured investors it would honor the peg despite exposure to failed Silicon Valley Bank."
More cracks appear in the crypto sector...
- neverscared0
Crypto firm with links to parliamentary groups appears to have vanished
Apparent disappearance of Phoenix Community Capital leaves some investors fearing they have lost large sums of moneyPhoenix Community Capital established itself last year as a cryptocurrency project and investment scheme, which it said at one point was valued at $800m (£665m). It was a sponsor of one APPG, and its co-founder, Luke Sullivan, spoke at an event for a second APPG , as well as appearing as a panellist for events hosted by peers in parliament.
However, the company appears to have vanished in September last year, with its website going offline and the investment portfolios, known as “nests”, becoming inaccessible to an estimated 8,000 investors after that date.
Some investors, including a former Premier League footballer, claim to have lost tens of thousands of pounds each.
- A forward-looking statement predicts, projects, or uses future events as expectations or possibilities. These statements can often be misleading, as they can bewhatthefunk
- mistaken for factual statements, while they are actually speculation.whatthefunk
- So everything crypto = scam go figure
I don't even bother anymore posting this shitgrafician - Again you never needed to. Also, for those of us who bought crypto and then sold it for profit it wasn’t a scam. So...monospaced
- Yeah that's how ponzi schemes work
A few can profit, the rest get scammedgrafician - Crypto is just a tumour on the side of the cancer that is fiat. Money as a concept has become so messed up due to fractional reserve banking.shapesalad
- No one knows what our currencies are, why there's inflation, where money comes from and goes and what backs it. It's all a house of cards.shapesalad
- USA dollar is the backbone of global economic action, as the 'eurodollar' which is nothing more than a ledger entry. Meanwhile USA has a debt of $31 TRILLION.shapesalad
- There has yet to been a central bank in all history that has not debased its own currency... until given time, it collapsed totally to zero.shapesalad
- what mono said, I nearly tripled my investment. If people got greedy that aint my problem.fadein11
- neverscared3
World Wide Web inventor Tim Berners-Lee calls crypto ‘dangerous’ and likens it to gambling
Tim Berners-Lee, the inventor of the World Wide Web, called cryptocurrency “dangerous” and likened it to gambling in an episode of CNBC’s “Beyond The Valley” podcast published last Friday.
Discussing the future of the web, Berners-Lee said digital currencies are “only speculative” and compared it to the dot-com bubble, in which internet stocks, often without a solid business behind them, were highly inflated.
- no shit bra...neverscared
- Captain Obviousfadein11
- you can also liken stocks, bonds, treasuries, even a pension as 'dangerous' and 'gambling'. Plenty of people have lost their savings big time with those.shapesalad
- it's all a rigged game, if you're not doing the rigging, you're the mark._niko
- @shape but stock values are based on actual companies, products, services, people, management, forecasts, history, etc. not as much of a gamble.monospaced
- unlike crypto you can often guess what a stock might do over a certain timemonospaced
- wait till he hears about gambling websitesinteliboy
- shapesalad1
Paxos halting mining for BUSD. $14b stable coin.
SEC suing Paxos - also issue a gold backed stable coin.Crypto... the cockroach that keeps getting hit with the heel of a dress shoe around the kitchen of finance.
- grafician1
"Tron's Justin Sun Launches $100M AI Development Fund"
- crypto bros and grifters moving on to the next bubble...grafician
- lolKrassy
- https://www.theverge…grafician