Crypto Megathread V15 - Where the hits keep on coming!

[Rob Battisti]

What do you mean by “it hasn’t performed every asset?”

It’s not worth it.

 

[Rob Battisti]

Ahh nice. Ignored that idiot.
Anyway, how’s it goin, fellas! Haven’t been checking the portfolio in a few days. Am I rich yet?

 

[Rygu]

Ahh nice. Ignored that idiot.
Anyway, how’s it goin, fellas! Haven’t been checking the portfolio in a few days. Am I rich yet?

 

[Omegaboy13]

Small companies just starting out see similar valuation increases if they are successful. Bitcoin, while an interesting story, is in no way singular in regard to its increased valuation. It just makes a better story than Joe and Bob starting a successful line of urinal cakes.

Strong opinions from someone who doesn't know basic financial definitions.

 

[Omegaboy13]

Ahh nice. Ignored that idiot.
Anyway, how’s it goin, fellas! Haven’t been checking the portfolio in a few days. Am I rich yet?

Same, what an idiot.

 

[Prefect]

Strong opinions from someone who doesn't know basic financial definitions.

ok. Whatever helps you sleep at night.

 

[Rygu]

ok. Whatever helps you sleep at night.

I mean you haven't swayed a single opinion on anything here despite a stout effort. Do you think perhaps maybe the issue is you?

 

[Kdup]

Well I might buy some more crypto guys. What’s hot right now? I know if I didn’t like crypto and wasn’t going to buy it, i certainly wouldn’t spend a bunch of time trying to convince people that it was shit. Almost sounds like the buyer at 60k came here to whine.

 

[SwamiLeoni]

Small companies just starting out see similar valuation increases if they are successful. Bitcoin, while an interesting story, is in no way singular in regard to its increased valuation. It just makes a better story than Joe and Bob starting a successful line of urinal cakes.

What small company has had a similar 10-year valuation increase that is comparable to BTC?


And where do small companies fall on the list of asset classes?
Netflix was the top-performing stock of the decade at 4,000%


You hold onto the ever-inflating dollar and I'll park my money in BTC.

 

[Kdup]

Go read any number of post I made. Everyone wants to claim it is worth xyz but it is being horded and hasn't been put onto the market. You have bots selling crypto back and forth but and time anythere are real sales, the price just plummets because there were no real buyers at 60k. If sold my dollars that I had in my bank account to buy something, you wouldn't see any sort of dip because they are valued near their real value. Anytime there is a sell off of bitcoin, it just plummets because its price is not based on its intrinsic worth as a blockchain currency. It is based of it being useful for xyz but none of its perks makes it especially better than just actually dollars. It is just a speculative play that lacks actual merit. If someone is storing value, there are any number of investments that are better and better understood. Everyone wants to claim that they are limited but all cryptos are competing against each other and there are many. Each production of crypto devalues all the other cryptos becasue there is only a limited market for crypto currency. If Bitcoin was the only one, all the other investiment would just be in it. If someone was still pushing crypto, digital dollars that are being put together are a much better in offering blockchain benefits while also having acceptance, stability, and oversight.

I think we found who bought at 60k.

 

[Kdup]

What small company has had a similar 10-year valuation increase that is comparable to BTC?
View attachment 867897

And where do small companies fall on the list of asset classes?
Netflix was the top-performing stock of the decade at 4,000%
View attachment 867896

You hold onto the ever-inflating dollar and I'll park my money in BTC.

But but but. It’s fiat currency or something. Lol

 

[SwamiLeoni]

But but but. It’s fiat currency or something. Lol

Fiat currency sucks and a digital dollar would suck just as much. Id much rather prefer paying for things using BTC than a dollar.

 

[Prefect]

You hold onto the ever-inflating dollar and I'll park my money in BTC.

Almost all my money is in investments. I don't sit on mountain of dollars sitting in a bank account. No one does. They are either too poor to have money or have money and are smart enough to put it into something. The only time I had anything of note in a bank account was preparing for buying a house.

 

[Kdup]

Fiat currency sucks and a digital dollar would suck just as much. Id much rather prefer paying for things using BTC than a dollar.

Yeah I was poking fun at that other lad.

 

[SSgt Dickweed]

Doubled my money on HEX.... too bad double of next to nothing is almost nothing.

Now I'm thinking of sacrificing some ETH to Richard Heart.

Hex is the hedge of the entire market. USD 50.00 in 5 to 10 years.

 

[axion]

Hex is the hedge of the entire market. USD 50.00 in 5 to 10 years.

It seems to be doing its job.

I sent some ETH to an address, so sketch. Will see what happens in a couple of weeks.

Maybe I'll stake the HEX, the way he's done it is a bit confusing at first.

Have to lock it up longer to get more rewards which is annoying.

 

[meauneau]

For the jokes of it.

What do you think would happen if every crypto was traded for goods and services? It would crash badly because only a small minority values it. People are really forgetting that when the speculation ends, vendors who sells goods and service are going to price it and take volatility and the hassle into account.

Then the crypto would be siting in someone else's wallet. It wouldn't crash if it was traded for goods and services. Also, there is always and incentive to hold crypto which is necessary for it to be decentralised. High APY for staking is one of the features that attracts most people to crypto/defi.

No one has even explained why there needs to be more crypto currency coined when their is more than enough to facilitate all crypto transactions. How does going from 19 million fiat bitcoins to 21 million change anything. It is unbacked so its price is some consensus. 10% more imaginary coins doesn't change anything.

Like Rob mentioned; how do you function in society?

The more liquidity the more stable the coin is. The lower the liquidity the more volatile it is. This applies to fiat as well. Higher liquidity makes the crypto tokens more liquid.

 

[meauneau]

Explain to me why the average person would care about that? Specialized transactions don't mandate the creation of a new currency that is benchmarked still against backed currencies. That is a lot of tail chasing.

The average person doesn't really matter at this point. They will be lead into it just like with everything else.

 

[TheMaster]

Alas, my short lived venture back into the green is over, now back under again.

Also ADA at $1.18, Algo at 0.80 cents we will see how low they can go.

 

[Long Dark Blues]

Man, I was at -23% yesterday but haven't yet updated my spreadsheet with today's prices.

Just picked up some ETH at $1859 and have an ALGO order in for $.749.

2025 better be a bitchin' ride!