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Cryptocurrency mega-thread

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burge13 said:
It has to provide revenue at some point. Projects worth hundreds of billions based on nothing other than speculation and fomo is a bubble.

So beyond use case which most dont have, none actually create value or earn anything. Speculative investors can make alot of money but you guys arent in at the ground floor here. Market caps do matter a bit...

Find some sub 20m MC tokens. Claiming these ridiculously expensive (in market cap terms) are "cheap" is just flat out wrong and proves how little people understand regarding investment
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I love how your sprout people don’t understand investment, when in the stock market people invest in small companies that can sometimes be years away from actually producing anything. Crypto technology is starting to be used by a number of companies for real world uses (smart contracts for example). Investment firms like Wells Fargo don’t invest in things that don’t have real world uses.
 
BACCS said:
I love how your sprout people don’t understand investment, when in the stock market people invest in small companies that can sometimes be years away from actually producing anything. Crypto technology is starting to be used by a number of companies for real world uses (smart contracts for example). Investment firms like Wells Fargo don’t invest in things that don’t have real world uses.
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Youre proving how little you know more and more

Im not talking about how far away anything is. You have zero idea about market caps (clearly) or valuing an asset. Wheres the revenue, profit etc. Thats what drives investment, this is all speculation (which is fine, thats where lots of money is made) but you do that on small companies, not ****ing 500B ones 😂
 
burge13 said:
Youre proving how little you know more and more

Im not talking about how far away anything is. You have zero idea about market caps (clearly) or valuing an asset. Wheres the revenue, profit etc. Thats what drives investment, this is all speculation (which is fine, thats where lots of money is made) but you do that on small companies, not ******* 500B ones 😂
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Probably better to compare currencies with currencies, not companies.
 
BACCS said:
I love how your sprout people don’t understand investment, when in the stock market people invest in small companies that can sometimes be years away from actually producing anything. Crypto technology is starting to be used by a number of companies for real world uses (smart contracts for example). Investment firms like Wells Fargo don’t invest in things that don’t have real world uses.
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It's not like Wells Fargo to use its customers for fraudulent financial gain...
 

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Ghost Patrol said:
Probably better to compare currencies with currencies, not companies.
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The currencies are nonsense

Eventually there has to be underlying value to an investment. If all youre doing is hoping someone else pays more for it than you did, its a bubble. These coins are grossly overvalued, this cannot be disputed. Musical chairs stops eventually, whats going to prop up the value? It isnt income...

I wont get a quality answer here
 
burge13 said:
The currencies are nonsense

Eventually there has to be underlying value to an investment. If all youre doing is hoping someone else pays more for it than you did, its a bubble. These coins are grossly overvalued, this cannot be disputed. Musical chairs stops eventually, whats going to prop up the value? It isnt income...

I wont get a quality answer here
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They are worth as much as someone will pay for them.

Same as anything, supply and demand.
 
burge13 said:
The currencies are nonsense

Eventually there has to be underlying value to an investment. If all youre doing is hoping someone else pays more for it than you did, its a bubble. These coins are grossly overvalued, this cannot be disputed. Musical chairs stops eventually, whats going to prop up the value? It isnt income...

I wont get a quality answer here
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What are you investing in then champ?
 
burge13 said:
What are you defensive about haha. If youre happy in your investment theres no need to get emotional

Lighten up champ
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Do you actually invest in crypto? If you don’t, why are you here? If you do, why are you questioning it’s value? Just because crypto assets are technologies that you don’t understand, doesn’t make their real world use any less legitimate. Do your own research.
 
burge13 said:
What are you defensive about haha. If youre happy in your investment theres no need to get emotional

Lighten up champ
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Haha sure was a lot of emotion in my post wasn't there! You just came in here preaching so was just wondering what a high IQ guy such as yourself is investing in?
 
I was in Crypto in about 2015-17 and didnt make as much as i should have. Had about 100k at one point, came out with about 25ish profit

Since then its become even more of a cult and the overnight experts cant even articulate why theyre in other than someone will pay more soon. Thats a bubble

If a microcap coin with something of value pops up in here, id be interested, hence me reading. Some have a clue, others think they do because they watched a youtube video. Those people cant even hack a question without getting defensive

100s of billions market cap being "cheap" is just painfully stupid. Thats all im saying, not sure how people think theyre getting in early
 

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LennyHayes77 said:
Haha sure was a lot of emotion in my post wasn't there! You just came in here preaching so was just wondering what a high IQ guy such as yourself is investing in?
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Im no genius, far from it. You dont need to be a helicopter pilot to know a chopper stuck in power lines is bad though. Some of the stuff posted in here about "value" is cringe
 
Ghost Patrol said:
So you admit you are no good at investing?
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25k profit is more than anyone in here is making even if a modest amount and less than many crypto investors. Its also 4 years earlier than people who genuinely think theyre getting in early, another dumb take.

Making that also doesnt say youre no good

Are your parents related? This is a really dumb reply when broken down.
 
burge13 said:
25k profit is more than anyone in here is making even if a modest amount and less than many crypto investors. Its also 4 years earlier than people who genuinely think theyre getting in early, another dumb take.

Making that also doesnt say youre no good

Are your parents related? This is a really dumb reply when broken down. Go get checked
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Oh, so now you are the best investor in here.

Flip flopping all over the place.
 
BACCS said:
Just because crypto assets are technologies that you don’t understand, doesn’t make their real world use any less legitimate. Do your own research,
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Can you please help me understand?

I buy coins because I have to- it's how you buy drugs on dnms. And I want to avoid the situation I was in a couple of nights ago where I couldn't order a bag of weed because Elon Musk or China or whoever tweeted some dumb shit and everyone freaked out causing my magic tokens to be less valuable then when I paid for them.

Most dnms only accept about three or four coins, some markets only accept one or two. I figure as long as there's a use for them, there will be a demand. (And yes, plenty of vendors still use BTC instead of Monero, because it's much easier for novices to buy BTC than Monero).

Why would someone keep buying <insert coin here> if no one accepts it?
 

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burge13 said:
I was in Crypto in about 2015-17 and didnt make as much as i should have. Had about 100k at one point, came out with about 25ish profit

Since then its become even more of a cult and the overnight experts cant even articulate why theyre in other than someone will pay more soon. Thats a bubble

If a microcap coin with something of value pops up in here, id be interested, hence me reading. Some have a clue, others think they do because they watched a youtube video. Those people cant even hack a question without getting defensive

100s of billions market cap being "cheap" is just painfully stupid. Thats all im saying, not sure how people think theyre getting in early
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The people that got into crypto a handful of months ago thinking they know everything is pretty amusing though.
 
PA looks ugly here, but we're chopping in a range for now.

The most bullish case is we chop around 38k for awhile. Otherwise you're going to get rekt. If you're holding shitcoins, double rekt. Ada = shitcoin. Doge = shitcoin. Etc, etc.

I hate to be the bearer of bad news, but the market cycle chart for shitcoins looks like this:
rekt.jpg

I posted the other day that this dump felt like 6k in early 2018. For reference:

WIojth1a
 

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