Cryptocurrency mega-thread

[The Dice Man]

Also interesting to see a lot of the hyper bulls that were up and about in this thread have completely vacated. Not taking the bad with the good it seems.

Just ruminating on if I have to get a proper job or not.

 

[Evolved1]

Interesting to look through some of the older posts here. I wonder what the price was in July 2020.

 

[Deliverance]

The main thing I remember from this thread was the pumping of Waltcoin. Is that still a thing?

 

[Evolved1]

The main thing I remember from this thread was the pumping of Waltcoin. Is that still a thing?

It's on life support.

 

[Scotland]

View attachment 1426543

Interesting to look through some of the older posts here. I wonder what the price was in July 2020.

Yet nothing I said in that post is untrue.

 

[Seeds]

Thanks for taking over the title of ‘most pessimistic’ and ‘most bearish’ from me, it’s nice to concede them after 12 months.

What first world stock markets have completely collapsed, never to return?

Also I’m not saying crypto in its current form has value, so I agree with you on that one. A lot of coins are a solution looking for a problem, and a lot of coins will be rendered obsolete if they haven’t already. I feel the next generation of crypto is where the real value is, so having a broad exposure rather than single coins is probably the best strategy.

A number of them collapsed during the war. And why would you just constrain analysis to first world stock markets anyway?

what makes crypto so special that its only comparable to first world stock markets?

 

[Ghost Patrol]

A number of them collapsed during the war. And why would you just constrain analysis to first world stock markets anyway?

what makes crypto so special that its only comparable to first world stock markets?

Large market caps = 1st world. Mid caps = 2nd world. Small/micro caps = 3rd world.

For 3rd world peoples, crypto would have less barriers for entry compared to stock markets.

 

[Seeds]

Large market caps = 1st world. Mid caps = 2nd world. Small/micro caps = 3rd world.

For 3rd world peoples, crypto would have less barriers for entry compared to stock markets.

Um 1st-3rd world definitions have nothing to do with market size. Zip.

and crypto markets size within economies is a hell of a lot smaller then stock markets. You cant compare a global crypto market to a regional stock market.

plus market cap value is a stupid measure anyway given belief plays a big role in it. With stocks we look at dividend value. I.e the actual profits coming through. Crypto has zero profits. Thus we shouldnt compare it with stocks full stop. Cos crypto doesnt earn the owner anything.

 

[Ghost Patrol]

Um 1st-3rd world definitions have nothing to do with market size. Zip.

and cryptos market size within economies is a hell of a lot smaller then stock markets. You cant compare a global crypto market to a regional stock market.

You can compare anything you want.

 

[Jimmy_the_Gent]

Just another boring day in the world of crypto.

 

[WaywardSonSon]

Maybe now is the time to buy BTC?

 

[The Dice Man]

Maybe now is the time to buy BTC?

Lotta talk that 13k could happen very fast.

 

[Chief]

$0k soon after.

 

[Jimmy_the_Gent]

My twitter is all cryto right now so I'm learning interesting things. From the NY Times, via Twitter:

 

[Chief]

Totally normal.

 

[WaywardSonSon]

Lotta talk that 13k could happen very fast.

Yeah, I'm going to wait a few days, and then begin DCAing.

 

[Scotland]

$0k soon after.

Theranos had a market cap of $10b at one stage. Did you buy the dip?

 

[Scotland]

The main thing I remember from this thread was the pumping of Waltcoin. Is that still a thing?

Whatever happened to Duritz?

 

[dustysnecktattoo]

How much do you want to bet that certain customers are being allowed to withdraw? With not a single regulation or law governing this crap, somebody is getting to front of the queue taking money out to the detriment of all the plebs.

I totally agree!

 

[Kram]

You can USE money. It has weaknesses, but you can use it. To store value (inflation hurts that), as a medium of exchange you can pay for things with little to no transaction costs. It is backed by the economy. By real assets. By laws. It's not just a handshake deal. It's legal tender.

Reserve Bank Act 1959, s.36(1)
Currency Act 1965

 

[Jimmy_the_Gent]

Under 18k now.

 

[ash_1050]

Sub $20k is go, all it took was 10 months of patience and not drinking the permabull kool aid.

May start throwing some money into CRYP on the ASX and/or buying a little bit of ETH. CRYP is down 79.43% from its ATH and ETH is down 82% off it’s all time high.

May also take a bit of a break from this thread, as I did when the market was at an ATH, as there’s not much to be gained when things are going extraordinarily well/bad.

If you’re one of those ‘crypto is going to change the world and I’m in it for the tech’ people, then now is the time to buy.

If you’re one of those ‘I can’t actually explain it so I’ll drop a YouTube link every time someone asks me to expand on my thoughts and 20% APR is free money’ people you may still be a crypto fan, but now’s the time to start investing in yourself and learning to understand what your money is being invested into.

 

[Deliverance]

Whatever happened to Duritz?

Yesss. That's rhe poster. He loved it.

 

[WaywardSonSon]

What a time to be alive! Generational profits may still be available to us after all!!

 

[dustysnecktattoo]

If I had any money left, I’d be shorting btc to around 3-5k AUD