Crypto Sponsorship for the AFL - and now NFTs

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Kram

I'll brik u
Suspended
May 2, 2007
70,427
87,156
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Just make sure you already have your parachute on and at least 1 foot out the door before the engine finally drops out of the plane like all the big players.
 

ExpatAussie

Rookie
May 27, 2022
42
28
AFL Club
Melbourne
Just make sure you already have your parachute on and at least 1 foot out the door before the engine finally drops out of the plane like all the big players.
You are talking about the inflationary fiat currency system, right?
 

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BobbyMorri

Community Leader
May 4, 2009
10,155
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I don’t have mates.

I use mate, like some you campaigner, or other people use bro.

We get it, you’re a peasant who’s happy with an interest rate of 2%.

I prefer larger returns. I invest in staking coins which delivers me anywhere between 30-700% p.a. Locked in, loaded, paid daily.

Are you seriously suggesting I should give that up for 2%, because that’s the way we’ve always done business?

We’re you against CFDs & Futures when they became available to trade? But they’re risky, and nobody knows anything about them.
Wonder how your 30-700% returns are going.

Sadly, for some people, the truth of "risk-free" returns is going to be a hard reality check.
 

Chief

Chugging Adrenochrome
Dec 1, 1999
110,462
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Gates' Payroll
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Wonder how your 30-700% returns are going.

Sadly, for some people, the truth of "risk-free" returns is going to be a hard reality check.
As I was watching a lot of the videos on crypto I was thinking of a few of our friends in here and the high returns they were talking about. It never sounded viable and as the Terra Luna stuff was happening, I could see why in real time.
 

Rob

Premium Platinum
Nov 8, 2000
31,218
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crypto.com is sacking hundreds of employees. Price of crypto is down 87% from its high.

I feel like they need Matt Damon to make another ad. That will turn things around.
I'm constantly astounded by the amount of advertising I see by crypto.com....even at the F1 on the weekend it was everywhere. Is this all paid for by commissions from crypto trades? It just doesn't add up.
 

HairyO

Hall of Famer
Jul 13, 2015
30,042
32,526
AFL Club
Hawthorn
I'm constantly astounded by the amount of advertising I see by crypto.com....even at the F1 on the weekend it was everywhere. Is this all paid for by commissions from crypto trades? It just doesn't add up.

They have spent $400m or something insane on advertising and sponsorships over the last year. Its a Ponzi scheme and only works if they raise billions and then continue to raise billions.
 

Chief

Chugging Adrenochrome
Dec 1, 1999
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Carn The Berries

Club Legend
Sep 16, 2008
1,037
966
Perth
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That's what I thought when I heard it announced.

My big brain paralleled with Taleb:

You don't have to have a degree in statistics to see that it is failing as an inflation hedge. How it was ever going to do that is beyond me.
 

HairyO

Hall of Famer
Jul 13, 2015
30,042
32,526
AFL Club
Hawthorn
You don't have to have a degree in statistics to see that it is failing as an inflation hedge. How it was ever going to do that is beyond me.

You just dont get the vibe, boomer !

Hopefully all those in here gloating over the last few months sold out at the peak. Its fun to mock ignorance, but not so much fun if they had invested heavily and have taken a beating.
 

Carn The Berries

Club Legend
Sep 16, 2008
1,037
966
Perth
AFL Club
Melbourne
You just dont get the vibe, boomer !

Hopefully all those in here gloating over the last few months sold out at the peak. Its fun to mock ignorance, but not so much fun if they had invested heavily and have taken a beating.
I have no issue mocking those who invested heavily and took a beating at all. I can still feel a bit sorry for them at the same time but the old adage still rings true, buyer beware (particularly if you have NFI what you're actually investing in).
 

WillHayward

Brownlow Medallist
Aug 13, 2018
10,207
13,708
South Melbourne
AFL Club
Sydney
Fun facts:

  1. Matt Damon "Crypto.Bro" ad released 28 October 2021. Bitcoin price $58k USD
  2. Bitcoin price today $19k USD
  3. When Plimy the Elder used the phrase "fortune favours the brave" in AD 79- he then sailed to Mt Vesuvius and promptly died.
 

WillHayward

Brownlow Medallist
Aug 13, 2018
10,207
13,708
South Melbourne
AFL Club
Sydney

Cotchins Hair Piece

Bouffant Flat Top
Mar 6, 2019
4,543
9,954
AFL Club
Melbourne
Getting rich via dumb people, not new. You can only sell your crypto when someone else is willing to buy it from you. I love dumb people.

Bigger fool scam. You can only cash out if you find a bigger fool to sell to.
Long story short. I shorted on some crypto. Any idiot could see the crash coming. Made a small fortune.
Ok I’m being humble, it wasn’t small.
 
Last edited:

Kram

I'll brik u
Suspended
May 2, 2007
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The pumpers have quietened down a far bit, hopefully not too many went 'all in' with their capital and are in danger of losing their shirts.
 

Kram

I'll brik u
Suspended
May 2, 2007
70,427
87,156
WA
AFL Club
Fremantle
Other Teams
Chicago Bears, de Boer, Arsenal
I have no issue mocking those who invested heavily and took a beating at all. I can still feel a bit sorry for them at the same time but the old adage still rings true, buyer beware (particularly if you have NFI what you're actually investing in).
Even if you believe in it ffs at least have some diversification, I mean I don't actually mind having a punt on very risky stuff but it's always to a set limit that I can afford to lose and own lots of boring conservative things as well. Seriously the amount of nuffies you read about that have ALL their savings in this stuff is scary.
 

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