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Crows Chat That 'Doesnt Deserve Its Own Thread' Thread part 2

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Crypto is inevitable.
Agreed.

That being said, NFTs in their current form are borderline fronts for money laundering. It's a scam on multiple levels.

Eventually, the thinking behind the tech will transform a lot of IP ownership and royalty payments, but tieing it to visual arts is the dumbest version.
 
Anyway - I'm glad for the sponsorship. Maybe we get Matt Damon to come to a game? He's spending a lot of time in Australia ...
 
Not saying everyone who is into Crypto is like that, but there's a fair chunk of crypto people who just can't hear anything negative about it and wrap their hole identity around it. Same with Tesla stans. Twitter is the worst for it.

Yes, even those who have seen their investment gamble halve since their first investment. A young couple I know sold everything, saved like hell over a couple of years and 'invested' most of it in crypto. Just over $40k. They're pretty forlorn at the moment after 4 years and following pundits' advice, their investment is worth less than half. Got me into it though. My 'investment' has halved also but I'll wait around until it comes back up again over time, and it will, before playing on. But this singing its praises at every opportunity is ridiculous. The ground floor is well and truly shut. If you want to make money, and you surely can, you have to be at it virtually 24/7.

I wish I'd listened to a young techy about 12 yrs ago when he asked me for $100 so he could invest it for me in bitcoin. I told him not to be so ****ing stupid.:'(. I cry each time I think of how many $mill that would be worth today, and peculiarly, laugh at the same time.

Anyhoo, this looks like a great get for the AFC.
 
Yes, even those who have seen their investment gamble halve since their first investment. A young couple I know sold everything, saved like hell over a couple of years and 'invested' most of it in crypto. Just over $40k. They're pretty forlorn at the moment after 4 years and following pundits' advice, their investment is worth less than half. Got me into it though. My 'investment' has halved also but I'll wait around until it comes back up again over time, and it will, before playing on. But this singing its praises at every opportunity is ridiculous. The ground floor is well and truly shut. If you want to make money, and you surely can, you have to be at it virtually 24/7.

I wish I'd listened to a young techy about 12 yrs ago when he asked me for $100 so he could invest it for me in bitcoin. I told him not to be so ******* stupid.:'(. I cry each time I think of how many $mill that would be worth today, and peculiarly, laugh at the same time.

Anyhoo, this looks like a great get for the AFC.
Do you consider the stock market as gambling? Investing into crypto assets is no different to investing in technology companies on the stock exchange.
 

The announcement the WA border won't open in February means alot of WA sports teams won't have good seasons. WCE bottom 4 looks a good bet considering they are an older team with families that will have to spend the majority of the season away from them.
 
If Jack darling retires early because of this vaccine stuff and Kennedy is on his last legs then West Coast will 100% be putting work into Logan McDonald. If they finish bottom 5 they'll just hand over their 1st pick for him
 

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If Jack darling retires early because of this vaccine stuff and Kennedy is on his last legs then West Coast will 100% be putting work into Logan McDonald. If they finish bottom 5 they'll just hand over their 1st pick for him
Georgiades.....

On SM-G965F using BigFooty.com mobile app
 
Might as well consider buying a house as a form of gambling then, its just an investment asset as well.
Well yes. Where nothing is assured I'd consider that a form of gambling. Investment is for profit like a guaranteed fixed interest rate, not for the hopeful chance of a profit which is essentially gambling.

My house is a place to live. I didn't buy it as an investment. I came, I saw, I liked, I bought, primarily for lifestyle. But as it increases in value over time, is it an investment when selling it and buying another house will only get me a like for like situation? Where's the profit?
 

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Might as well consider buying a house as a form of gambling then, its just an investment asset as well.
Most stocks are far less volatile. Bitcoins are like penny stocks, far too volatile to be 'store of value'.

The technology has potential, but until it starts settling down a bit it's not 'currency' IMO.

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Well yes. Where nothing is assured I'd consider that a form of gambling. Investment is for profit like a guaranteed fixed interest rate, not for the hopeful chance of a profit which is essentially gambling.

My house is a place to live. I didn't buy it as an investment. I came, I saw, I liked, I bought, primarily for lifestyle. But as it increases in value over time, is it an investment when selling it and buying another house will only get me a like for like situation? Where's the profit?
So basically life is all one big gamble? Nothing can ever be 100% assured, look at the amount of assurances from Government's that have been broken throughout the pandemic.
 
Most stocks are far less volatile. Bitcoins are like penny stocks, far too volatile to be 'store of value'.

The technology has potential, but until it starts settling down a bit it's not 'currency' IMO.

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Bitcoin is hardly a penny stock, it's a trillion dollar asset. The volatility comes from high leverage in the market, that is the biggest difference from stocks. It's a better store of value than gold (down over the last decade) or keeping it in Fiat (wages continue to not keep up with inflation). The problem when anyone looks at crypto is that they get caught up in the short term volatility and fail to zoom out and look at it on the macro scale; if looked at on a macro scale the market has been in a continual uptrend for over a decade. For example, you could have bought BTC at any time in 2018 (which was a down year) and still be significantly up today.
 
So basically life is all one big gamble? Nothing can ever be 100% assured, look at the amount of assurances from Government's that have been broken throughout the pandemic.
You could say that. It's a saying people fall back on when they excitedly take a chance on something hoping for whatever outcome. It helps them take the leap. It's also the saying used as consolation when shit happens and the plan falls over. Over my years, everything I acted on expecting it to be assured, indeed turned out to be 100% solid. At least I can't recall anything falling over, that was guaranteed.
 

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Crows Chat That 'Doesnt Deserve Its Own Thread' Thread part 2


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