https://finviz.com/crypto.ashx
"significant liquidity issues" not unlike banking. y'all were warned..
"significant liquidity issues" not unlike banking. y'all were warned..
Big trouble in the Cryptoverse
- Thread starter Celticguy
- Start date
I think cryptocurrencies are ridiculous as an investment.
An 'asset' that is literally nothing, backed by nothing and costs, shit loads of electricity for every transaction.
But...they have collapsed MANY times before.
I highly doubt this is the end of them.
There are FAR, too many terrorists and criminals who depend on cryptos for them to EVER go away completely.
An 'asset' that is literally nothing, backed by nothing and costs, shit loads of electricity for every transaction.
But...they have collapsed MANY times before.
I highly doubt this is the end of them.
There are FAR, too many terrorists and criminals who depend on cryptos for them to EVER go away completely.
That would be a lot... If we were talking about anything other than crypto. I have seen a fall of 99.99%. I have seen bull market rises of 10,000,000%. There was a point that I realized that even if I made money off crypto, it was too wild for me, I was not enjoying my life owning crypto. If I was only looking at 10% drops, I would still be in crypto.
The switch from proof-of-work to proof-of-stake in Ethereum opens up some interest prospects of accepting other people Ethereum in a smart contract that would be used as proof-of-stake. I would need an initial investment of 32ETH and maybe $10k. As Ethereum comes down in price, it becomes more and more likely I will do this. $60k is not a huge investment to lose, but there is a huge possible upside to it. If it drops by 10%, then $55k is even less money to lose.
I am still playing around with it in my mind.
What the bloody hell are you talking about?
There is a once several lifetimes opportunity coming along, which probably will not bear fruit, but just might. It requires a tiny investment of money, a small investment of time, and a huge investment of vision, so it is not for you. Sorry.
Being as I own no cryptos.
I was hoping you would explain what all that blather you were spewing out was.
But since all you give back is your sad, life story and bile?
Piss off.
By the way, just about every, crypto investor I have met sounded like a loser trying to win a 95:1 shot to 'change his life'.
Thanks for strengthening that image.
Have a nice day, now.
Being as I own no cryptos.
I was hoping you would explain what all that blather you were spewing out was.
But since all you give back is your sad, life story and bile?
Piss off.
By the way, just about every, crypto investor I have met sounded like a loser trying to win a 95:1 shot to 'change his life'.
Thanks for strengthening that image.
Have a nice day, now.
Get rich quick scheme fanatics...the kind of people who should not be trusted.
What people are missing here is that Sam Bankman the owner of FTX is a major donor for Democrats so Biden did not regulate their industry properly.
didnt really regulate it at all. it is a circus of snake oil salesmen.
Agreed.
Distributed ledgers, which makes crypto possible, will allow for smart contracts. Basically, contracts that are computer programs, and do not need government to be enforced. This is going to probably be big, and more than a little libertarian/anarchistic. Worrying about what the value of one crypto currency or another is completely missing the point.
Agreed.
The point is what sorts of fraudulent games are the crypto firms playing to look as though they are profitable and legitimate.
Honestly, the two biggest things that keep me out of getting involved with smart contracts, distributed ledgers, crypto, etc. are:
1) The wild swings in the market. It is just upsetting to have to deal with that 24/7.
2) The people. Libertarians and/or anarchists seem like fun people until you talk to them for more than 2 seconds. I do not see anyone in any of the current crypto firms that I would like to be in business with... MUCH LESS IN THE SAME ROOM WITH!!!
it is just too nuts for me. seems like I would be safer just going to Vegas where you KNOW you will lose ! LOL
cawacko
Well-known member
Sam Bankman-Fried was the second biggest donor to Democratic groups after George Soros. He supposedly subscribed to a philosophy knows as effective altruism. So kind of the opposite of a Libertarian or anarchist. Yet the guy turn out to be a huge fraud.
But if political leanings are driving your investment philosophy, at least vis a vis crypto, would you have gone in on FTX knowing SBF's political beliefs?
cancel2 2022
Canceled
I think the same about you, Salty.