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beez said:
All you punk kids posted the same shitty memes and used the same quasi TA at the start of September and look where that got you?

Bit of humility never goes astray.
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I don't reckon I've been a kid since the early 90s... and back then you couldn't evn buy a pizza with a million bitcorns
 
Urgh. I have quite a large chunk of my portfolio in BTC. I would LOVE if PlanB's Oct/Nov/Dec targets proved to be correct. If it does decide to go parabolic come Christmas I'll quit my job and spend a few years doing whatever the **** I want. I mean, I'm also not greedy, I can handle a BTC price that only gets to $100k and takes another quarter or two to get there.

I'm just embarrassed for a lot of the people in the crypto space.
 
beez said:
Urgh. I have quite a large chunk of my portfolio in BTC. I would LOVE if PlanB's Oct/Nov/Dec targets proved to be correct. If it does decide to go parabolic come Christmas I'll quit my job and spend a few years doing whatever the fu** I want. I mean, I'm also not greedy, I can handle a BTC price that only gets to $100k and takes another quarter or two to get there.

I'm just embarrassed for a lot of the people in the crypto space.
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Why embarrassed?
 
beez said:
Urgh. I have quite a large chunk of my portfolio in BTC. I would LOVE if PlanB's Oct/Nov/Dec targets proved to be correct. If it does decide to go parabolic come Christmas I'll quit my job and spend a few years doing whatever the fu** I want. I mean, I'm also not greedy, I can handle a BTC price that only gets to $100k and takes another quarter or two to get there.

I'm just embarrassed for a lot of the people in the crypto space.
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Sounds like you're one of us.

 
The Dice Man said:
Why embarrassed?
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A very simple explanation is the politics of it.

I'm pro smart contracts and generally pro defi, but I'm also very much pro big government (sorry for the paradox). And because so many in the crypto space are male, under 40, distrusting of big government etc, they are consuming crypto with blinkers on. They're all gung-ho, uneducated in real world experience. They're all like kids on the red cordial. And even with the older, experienced disruptors, I dunno, maybe it is just that type of person with whom crypto attracts.

What I ****ing hate most is how so many bang on about manipulation, institutions, money printing, fiat and all that jazz. Like, sure, there are very good arguments as to why the aforementioned are having negative effects on the current global fiscal outlook, but there are also very good reasons why the aforementioned stopped the world economic system from collapsing (bit melodramatic) in a post-Covid world.

I don't like our capitalist system, but growth through inflation and general asset price increase isn't an inherently negative thing. So every ****ing Bitcoin holder who pushes the fiat debasement theory with governments printing money for their own pockets and shit I just roll my eyes at. (And I'm sure a lot of people who read this thread would agree with them and disagree with me)

My best analogy is if you're watching a game of footy and your mate spends the entire game blaming the umpires for your team's poor performance. The crypto space is filled with punks who blame "manipulation" and "institutions" for price fluctuations. But only negative price fluctuations, not positive ones.

But hey, we're all just here to make money, right?
 

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beez said:
A very simple explanation is the politics of it.

I'm pro smart contracts and generally pro defi, but I'm also very much pro big government (sorry for the paradox). And because so many in the crypto space are male, under 40, distrusting of big government etc, they are consuming crypto with blinkers on. They're all gung-ho, uneducated in real world experience. They're all like kids on the red cordial. And even with the older, experienced disruptors, I dunno, maybe it is just that type of person with whom crypto attracts.

What I ******* hate most is how so many bang on about manipulation, institutions, money printing, fiat and all that jazz. Like, sure, there are very good arguments as to why the aforementioned are having negative effects on the current global fiscal outlook, but there are also very good reasons why the aforementioned stopped the world economic system from collapsing (bit melodramatic) in a post-Covid world.

I don't like our capitalist system, but growth through inflation and general asset price increase isn't an inherently negative thing. So every ******* Bitcoin holder who pushes the fiat debasement theory with governments printing money for their own pockets and sh*t I just roll my eyes at. (And I'm sure a lot of people who read this thread would agree with them and disagree with me)

My best analogy is if you're watching a game of footy and your mate spends the entire game blaming the umpires for your team's poor performance. The crypto space is filled with punks who blame "manipulation" and "institutions" for price fluctuations. But only negative price fluctuations, not positive ones.

But hey, we're all just here to make money, right?
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Ah so you mean the main page of Reddit cryptocurrency.



Has anyone dipped their toe into NFT domain names? There's plenty up for grabs at a one time investment, no continued fees. You own it forever. My old bosses company, who consider themselves to be disruptive to the traditionals in their industry, has the main ones available... Im considering it.
 
beez said:
A very simple explanation is the politics of it.

I'm pro smart contracts and generally pro defi, but I'm also very much pro big government (sorry for the paradox). And because so many in the crypto space are male, under 40, distrusting of big government etc, they are consuming crypto with blinkers on. They're all gung-ho, uneducated in real world experience. They're all like kids on the red cordial. And even with the older, experienced disruptors, I dunno, maybe it is just that type of person with whom crypto attracts.

What I ******* hate most is how so many bang on about manipulation, institutions, money printing, fiat and all that jazz. Like, sure, there are very good arguments as to why the aforementioned are having negative effects on the current global fiscal outlook, but there are also very good reasons why the aforementioned stopped the world economic system from collapsing (bit melodramatic) in a post-Covid world.

I don't like our capitalist system, but growth through inflation and general asset price increase isn't an inherently negative thing. So every ******* Bitcoin holder who pushes the fiat debasement theory with governments printing money for their own pockets and sh*t I just roll my eyes at. (And I'm sure a lot of people who read this thread would agree with them and disagree with me)

My best analogy is if you're watching a game of footy and your mate spends the entire game blaming the umpires for your team's poor performance. The crypto space is filled with punks who blame "manipulation" and "institutions" for price fluctuations. But only negative price fluctuations, not positive ones.

But hey, we're all just here to make money, right?
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What did you expect when you entered a Libertarian space?

If you're pro-big Government then you're pro Bank monopolies because that's who helps the banks maintain their power in that system.

You're dead wrong about the demographics being largely males under 40 though. There's more women in the crypto space than there ever has been with the SX.

The crypto space is filled with the working class from all over the planet, so not punks, jut people sick of being shut out or played by the kind of big government shit lords you seem to like.
 
LennyHayes77 said:
Is it worth buying a few hundred dollars worth of BTC? Or am I better off buying some smaller alt coins?
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Buy lowcap shitcoins if you're playing with a few hundred and aren't worried about it going to zero.

Search around on reddit and twitter, or someone here may have suggestions.

I threw a small amount of coin into SLP today which I'm prepared to ride to zero.
 

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LennyHayes77 said:
Is it worth buying a few hundred dollars worth of BTC? Or am I better off buying some smaller alt coins?
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You looking long term or short term? I'm looking more and more into the gaming area.. Play to earn type of stuff. It's not hard to imagine a decoupling from BTC price and they becoming their own arena. Defi is kicking off, but I reckon Gaming is going to be huge. So many projects in infancy though.

I bought into Project Quantum a few months back and held, then sold 5 days before it 5Xed. I was pretty down about that. The price has dropped since but it's a 2-3 year hold kind of thing, and even then it may just disappear in the next year or 2.
 
Its honestly times like this that make me feel at ease with my strategy of DCA in every fortnight instead of having to worry about when a good time to buy in is.
Not long ago we were bullish, then about a week ago we were bearish. Now it seems like we are bullish again. Who knows what will be happening this time next week.
Would do my head in and I would probably never pull the trigger if I were a short term investor/trader.
 
JPMorgan CEO says Bitcoin price could rise 10x but still won’t buy it

Jamie Dimon, the CEO of JPMorgan Chase and staunch crypto critic, has slammed Bitcoin’s appeal despite admitting that its price could multiply by 10 within five years, presumably because he doesn’t like making good returns on his investments.

During an interview with The Times of India, the CEO was asked whether Bitcoin (BTC) or other crypto assets should be banned or regulated. Dimon answered by taking a swing at the hype surrounding the asset, stating:

“I don’t really care about Bitcoin. I think people waste too much time and breath on it. But it is going to be regulated. […] And that will constrain it to some extent. But whether it eliminates it, I have no idea and I don’t personally care. I am not a buyer of Bitcoin. […] That does not mean it can’t go 10 times in price in the next five years.”
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I love this.
So in 5 years time if BTC has significantly increased he can say "I knew BTC had potential to reach these heights, how good am I".
And if for some reason BTC tanks he can say "I told you BTC is a waste of time, how good am I".
 
The Dice Man said:
Has anyone dipped their toe into NFT domain names? There's plenty up for grabs at a one time investment, no continued fees. You own it forever. My old bosses company, who consider themselves to be disruptive to the traditionals in their industry, has the main ones available... Im considering it.
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Spamming this thread, sorry guys.

Heard about this on a podcast not long ago and it got my interest but I kind of forgot about it.
Having a look on opensea now and they have a category for it. I dont know too much about it and could be way off here, but if I remember correctly I think they were saying that it could/is another way to receive transactions, is that correct?
Instead of having to copy paste or scan some long ass code to pay a wallet you can just use the domain
 
md20 said:
JPMorgan CEO says Bitcoin price could rise 10x but still won’t buy it

Jamie Dimon, the CEO of JPMorgan Chase and staunch crypto critic, has slammed Bitcoin’s appeal despite admitting that its price could multiply by 10 within five years, presumably because he doesn’t like making good returns on his investments.

During an interview with The Times of India, the CEO was asked whether Bitcoin (BTC) or other crypto assets should be banned or regulated. Dimon answered by taking a swing at the hype surrounding the asset, stating:





I love this.
So in 5 years time if BTC has significantly increased he can say "I knew BTC had potential to reach these heights, how good am I".
And if for some reason BTC tanks he can say "I told you BTC is a waste of time, how good am I".
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That bloke is a self absorbed flog. JP Morgan only a couple of months back allowed for their wealthy clients to invest in crypto.
 

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