Crypto Megathread V15 - Where the hits keep on coming!

[Strychnine]

Cardano is one of the biggest risks I see both in my portfolio and to the market as a whole. It’s very difficult to defend any of these valuations when Cardano is the 5th biggest market cap at 39 billion and its basically smoke and mirrors.

As soon as it gets back to my averaged buy-in price, I'm going to shift it into API3.

 

[Rygu]

Fuck I'm kicking myself for not grabbing AAVE at $170 last month, even on a huge dump it won't even go below $270 now that should tell you something.

 

[Prefect]

Hence why I said the word ‘magically’. Not likely but not completely impossible either. There are people recently within the last couple years that have turned 20K into a million.

How can the fever be more for product that doesn't generate wealth aside from selling it to someone who thinks it will be worth more?

 

[Squintz]

How can the fever be more for product that doesn't generate wealth aside from selling it to someone who thinks it will be worth more?

What are you talking about? I got a chance to read your previous posts in this thread. Why are you even here?

 

[Rob Battisti]

What are you talking about? I got a chance to read your previous posts in this thread. Why are you even here?

He’s an idiot

 

[kimocomplex]

Time will tell, you can go back to the original Bitcoin thread and see what all the naysayers were posting.


We missed the first boat, but there are many more setting out to sail

 

[SSgt Dickweed]

Been thinking of really putting a huuuuge buy on BTC, ETH and a few other soon.

 

[Rygu]

Been thinking of really putting a huuuuge buy on BTC, ETH and a few other soon.

Never a bad idea to buy BTC at the 31k range.

 

[SSgt Dickweed]

Never a bad idea to buy BTC at the 30k range.

 

[Prefect]

What are you talking about? I got a chance to read your previous posts in this thread. Why are you even here?

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.

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.

 

[Substance Abuse]

Dogecoin. Cash money...

 

[Rob Battisti]

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.

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.

It’s a wonder you have enough intelligence to even know how function in society

 

[Prefect]

It’s a wonder you have enough intelligence to even know how function in society

I like how it goes to personal attacks instead of justifications for crypto or its current price. Butters live a self affirming bubble.

 

[Strychnine]

The writing is on the wall folks...

Italy issues warning over top cryptocurrency exchange Binance

"The Consob financial regulator said Binance Group companies were not authorized to provide investment services in the country. The U.K. and Japan have taken similar moves against Binance.


The regulator noted that sections of the Binance website had been written in Italian and said savers “are invited to make use of their utmost diligence.” A message left with a Binance representative wasn’t immediately returned.

Consob extended the warning to crypto assets in general, saying trading “may imply the total loss of the sums of money invested.”


Italy issues warning over top cryptocurrency exchange Binance (msn.com)

Spoiler

 

[Rob Battisti]

I like how it goes to personal attacks instead of justifications for crypto or its current price. Butters live a self affirming bubble.

Says the person who has zero clue of the benefits of decentralized applications, blockchain technology or smart contracts.

If you’d even take 15 minutes to learn about the space I could take you seriously. But since you’re a doofus, I’ll keep point it out to other people.

 

[Rob Battisti]

The writing is on the wall folks...

Italy issues warning over top cryptocurrency exchange Binance

"The Consob financial regulator said Binance Group companies were not authorized to provide investment services in the country. The U.K. and Japan have taken similar moves against Binance.


The regulator noted that sections of the Binance website had been written in Italian and said savers “are invited to make use of their utmost diligence.” A message left with a Binance representative wasn’t immediately returned.

Consob extended the warning to crypto assets in general, saying trading “may imply the total loss of the sums of money invested.”


Italy issues warning over top cryptocurrency exchange Binance (msn.com)

Spoiler

So you’re saying I should take the job at Coinbase as they will become the new market leader?

 

[Strychnine]

So you’re saying I should take the job at Coinbase as they will become the new market leader?

I don't know about that but, I'm willing to guess that it won't be Binance...

 

[axion]

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.

 

[Prefect]

Says the person who has zero clue of the benefits of decentralized applications, blockchain technology or smart contracts.

If you’d even take 15 minutes to learn about the space I could take you seriously. But since you’re a doofus, I’ll keep point it out to other people.

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.

 

[Strychnine]

Looks like people are following that one NASCAR driver who drives the Voyager car.

NFL running back to convert all endorsement money to Bitcoin, citing inflation

"New York Giants running back Saquon Barkley announced he would convert all future money made off the field to Bitcoin, citing inflationary concerns.

Barkley, who signed with the Giants in 2018, makes more than $10 million per year in endorsements, marketing, and sponsorship deals. He revealed those assets would not go into his physical wallet but rather a Bitcoin wallet during an appearance on the Best Business Show with Anthony Pompliano.


Barkley explained his goal is to attain wealth akin to Kevin Durant, Lebron James, and Tom Brady but said it's not attainable through just saving because of inflation."

NFL running back to convert all endorsement money to Bitcoin, citing inflation (msn.com)