Crypto Megathread V15 - Where the hits keep on coming!

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I hope I never get paid again, I couldn’t resist these prices if I had some money.
 
Prefect said:
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.
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Please, I would like to know where to invest in these companies that can net me 1000% in a few months. Besides pump and dump penny stocks. I did well with AMC at tripling my money in 2 months, but missed the GameStop run. But those never came close to what I made on Doge, Polygon, or even Vechain.
 
BB in Crazy!!!! said:
Please, I would like to know where to invest in these companies that can net me 1000% in a few months. Besides pump and dump penny stocks. I did well with AMC at tripling my money in 2 months, but missed the GameStop run. But those never came close to what I made on Doge, Polygon, or even Vechain.
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Is he still yappin?
 
The good news: You can now stake VET on Binance

The bad news: You don't get VET you get VeThor
 
Prefect said:
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.
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Fair enough. In the future you'll be able to add your assets to smart contracts that could provide much quicker liquidity when you need it.
 
SwamiLeoni said:
Fair enough. In the future you'll be able to add your assets to smart contracts that could provide much quicker liquidity when you need it.
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Digital dollars give you the same benefits without the growing pains of an unbacked new currency.
 
BB in Crazy!!!! said:
Please, I would like to know where to invest in these companies that can net me 1000% in a few months. Besides pump and dump penny stocks. I did well with AMC at tripling my money in 2 months, but missed the GameStop run. But those never came close to what I made on Doge, Polygon, or even Vechain.
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Amazon went up around 10,0000% in 1998. That isn't unusual for promising tech companies.
 
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Prefect said:
Amazon went up around 10,0000% in 1998. That isn't unusual for promising tech companies.
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I named 3 that have gone up in crypto in the last 6 months. You named one from 1998 as an example of it happening often. And you name one of the biggest, if not the biggest of them all. Not exactly you urine cake company example you said happens all the time before. I do invest in stocks, and my crypto has been beating my stocks by a crazy amount.

I didn’t even mention my API3 which more than doubled less than a month from me buying, and if it hits the same numbers it was 2 months ago it will x10 for me. It does happen in stock, but not as often or typically as extreme which is both good and bad. Good for more money, bad for higher risk.
 
BB in Crazy!!!! said:
I named 3 that have gone up in crypto in the last 6 months. You named one from 1998 as an example of it happening often. And you name one of the biggest, if not the biggest of them all. Not exactly you urine cake company example you said happens all the time before. I do invest in stocks, and my crypto has been beating my stocks by a crazy amount.

I didn’t even mention my API3 which more than doubled less than a month from me buying, and if it hits the same numbers it was 2 months ago it will x10 for me. It does happen in stock, but not as often or typically as extreme which is both good and bad. Good for more money, bad for higher risk.
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A lot of tech companies are like that. Amazon ran red for over 6 years. 1998 Amazon was no way what it is today. There are tons of companies like this in industries that don't require tremendous assets to scale.

The fact that you trumpet that that your crypto has been beating stocks isn't an argument for the longevity or the healthiness of their valuations. At no point, did I argue that it was bad to make money off of crypto. I just have been saying that what a lot of people are saying about it is grossly misleading and overly optimistic. I made a bunch of money on GME but I in no way would defend its valuation so I got out. I think we would all agree that if someone was spouting that trading something more well understood like on forex was easy money, everyone would call that person a little naive. But we have crypto, which is not well understood what's its place will be, which cryptos will survive, but it is being gobbled up by common folk who you know are lying to themselves if they claim they understand its place or how it should be properly valuated. It is like going all in on something that is not well understood by anyone when there are plenty of opportunities that are not as opaque and easier to understand. Warren Buffet only invests in what he understands and that is good advice.
 
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Prefect said:
A lot of tech companies are like that. Amazon ran red for over 6 years. 1998 Amazon was no way what it is today. There are tons of companies like this in industries that don't require tremendous assets to scale.

The fact that you trumpet that that your crypto has been beating stocks isn't an argument for the longevity or the healthiness of their valuations. At no point, did I argue that it was bad to make money off of crypto. I just have been saying that what a lot of people are saying about it is grossly misleading and overly optimistic. I made a bunch of money on GME but I in no way would defend its valuation so I got out. I think we would all agree that if someone was spouting that trading something more well understood like on forex was easy money, everyone would call that person a little naive. But we have crypto, which is not well understood what's its place will be, which cryptos will survive, but it is being gobbled up like common folk who you know are lying to themselves if they claim they understand its place or how it should be properly valuated.
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I get what you're saying and there is some rational to that. I dumped all my alt coins and converted them all into BTC simply because the marketcaps were just absurd and were obviously grossly inflated. I think a lot still are (See Cardano, Doge) given their current use cases. Speculation is huge in the crypto game. I definitely believe in BTC as a store of value, and in Ethereum's tech. But you look at Cardano and Doge's marketcap combined, $70 billion and if both disappeared tomorrow nothing would really change tech wise. If there's a stock market crash like many are predicting crypto would get smashed even harder most likely. But certain crypto tech is unquestionably legit like BTC, Eth, AAVE, VET, API3, Chainlink, XLM, DOT and some others. Blockchains, DeFi and smart contracts are definitely here to stay.
 
BB in Crazy!!!! said:
Please, I would like to know where to invest in these companies that can net me 1000% in a few months. Besides pump and dump penny stocks. I did well with AMC at tripling my money in 2 months, but missed the GameStop run. But those never came close to what I made on Doge, Polygon, or even Vechain.
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Those AMC “apes” are crazy. Some of them really believe amc will hit 10k, 100k, 500k per share.
 
Prefect said:
A lot of tech companies are like that. Amazon ran red for over 6 years. 1998 Amazon was no way what it is today. There are tons of companies like this in industries that don't require tremendous assets to scale.

The fact that you trumpet that that your crypto has been beating stocks isn't an argument for the longevity or the healthiness of their valuations. At no point, did I argue that it was bad to make money off of crypto. I just have been saying that what a lot of people are saying about it is grossly misleading and overly optimistic. I made a bunch of money on GME but I in no way would defend its valuation so I got out. I think we would all agree that if someone was spouting that trading something more well understood like on forex was easy money, everyone would call that person a little naive. But we have crypto, which is not well understood what's its place will be, which cryptos will survive, but it is being gobbled up by common folk who you know are lying to themselves if they claim they understand its place or how it should be properly valuated. It is like going all in on something that is not well understood by anyone when there are plenty of opportunities that are not as opaque and easier to understand. Warren Buffet only invests in what he understands and that is good advice.
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Most of here have been preaching to never invest what you can’t afford to lose. Never go all in, even if you are convinced it’s a sure thing. Gold is probably the safest investment, but I wouldn’t even put all my money into that. Most of us here also understand crypto clearly Better than you do as you clearly show a lack of understanding. Just because you don’t get doesn’t mean we don’t to a certain extent. and you probably shouldn’t until you learn more about it then.

It’s still a new thing, but most of us here see what they are trying to do with it and the more you learn about it, the more you see the potential future it has. Saying to avoid it would be like saying to avoid all online businesses in the 90s due to a lack of understanding. Or ignore all computer tech companies in the late 70s and early 80s like Microsoft and Apple. Tons of people back then didn’t see the place for home computers back then, but look at us today. My dad didn’t fully understand computers, but he did invest in Microsoft and made good money in it. He always says he wishes he would have taken the risk and invested a more serious amount and he would be a millionaire today.

And yes, many of the coins won’t be around for long, hopefully long enough to make a profit off of and as long as you keep track of what the teams are doing and how the coin operation is going, you can see if it is working or not. (Cardano is really trying peoples patience) Some will though. Just like companies.
 
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