Cryptocurrency mega-thread

[Chief]

It is.

What else is taking someone's money/possessions off them without their permission?

Ah the old "taxation is theft" whinge.

How should we pay for roads? Schools? Hospitals? Police? Immigration control? Defence forces?

 

[bzparkes]

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.

I'm here. Just taken a break from paying much attention to crypto these past few months and just DCA into BTC and Eth while the market's been so volatile. 2-3 year long bear market coming up, so perfect time for accumulating blue chips and avoiding shitcoin plays like the plague. If you can find some solid projects with active devs and still a decent budget then they could be the ones to pop off next market cycle.

Until then, it's better to DCA into BTC/ETH for the time being, whilst putting smaller amounts into projects that have potential to fly next run.

Haven't been paying too much attention but Harmony's one I'm going to keep an eye on, moving forward, and I'll look at a few others.

Learnt my lesson from the degen plays this run. Had the opportunity to make a heap of money but just got way too greedy thinking shit owuld be the next Shiba. Not going to make that same mistake next run.

 

[Seeds]

It is.

What else is taking someone's money/possessions off them without their permission?

The only reason someone has private possessions is because the government decrees it so through property law and the enforcement of that law.

without government there is no ownership of property as there is no body to protect and declare private property.

governments cost money to run. You need to pay for that through taxation.

 

[Chief]

What else is taking someone's money/possessions off them without their permission?

Also, you should add in #defundthepolice to drive the point home.

 

[Scotland]

Crypto pays staking rewards. Stake your coin and you’ll earn an APY, which is similar to a dividend.

Only difference is that the APY cannot be changed, whereas management of a company can choose to reduce a dividend payout if they like.

Stocks (can) pay actual dividends, not just options. Crypto tokens can't really do that because they don't produce anything.

 

[Bostonian]

Stocks (can) pay actual dividends, not just options. Crypto tokens can't really do that because they don't produce anything.

Staking provides you with free tokens.

You can sell those tokens for cash.

 

[Bostonian]

Also, you should add in #defundthepolice to drive the point home.

I can defend myself better than the Police can.

 

[Bostonian]

The only reason someone has private possessions is because the government decrees it so through property law and the enforcement of that law.

without government there is no ownership of property as there is no body to protect and declare private property.

governments cost money to run. You need to pay for that through taxation.

What a load of shit.

People had possessions and land before governments existed.

To think that if you work your guts off to earn $10,000 to invest and take all the risk when investing it that those dog politicians have any right to anything you might make from your money you obviously come from a long line of serfs.

Bred into you.

 

[ash_1050]

Two grim articles from The Age in two days, now is the time to be buying if you're a long term crypto believer:

‘There’s so much fear’: A crypto winter has arrived
The coin that could wreck crypto

 

[WaywardSonSon]

 

[Deliverance]

The fear hasn't fully kicked in yet.

 

[bzparkes]

The fear hasn't fully kicked in yet.

Yeah, the big players are still trying to shake the retailers off the tree. Once they're happy they've kicked off all they can, you'll see barely any news about it at all until around the halving, when they want to start ramping the price to begin selling off again.

 

[WaywardSonSon]

I'm pumped about stacking Sat's!!!

 

[Deliverance]

Yeah, the big players are still trying to shake the retailers off the tree. Once they're happy they've kicked off all they can, you'll see barely any news about it at all until around the halving, when they want to start ramping the price to begin selling off again.

Plus, a lot of the boom was covid induced. Built in the back of hot air, social media pumps and free government money given to locked down amateurs playing the various markets like a casino.

 

[Carn The Berries]

What a load of s**t.

People had possessions and land before governments existed.

To think that if you work your guts off to earn $10,000 to invest and take all the risk when investing it that those dog politicians have any right to anything you might make from your money you obviously come from a long line of serfs.

Bred into you.

And how exactly are you able to generate these funds that are being so heinously taken from you? I daresay you would need to drive/take public transport to your place of work (paid for by the government), use electricity (infrastructure paid for by the government), complete you work under an employment framework (managed by the government).

But yeah, fight the power!

 

[Gigantic]

Learnt my lesson from the degen plays this run. Had the opportunity to make a heap of money but just got way too greedy thinking s**t owuld be the next Shiba. Not going to make that same mistake next run.

This was also my mistake.

I came out of 2016-2018 alright because I threw capital into things with a long time horizon in mind, also it was much simpler times. This time around I lost sight of the long run and went full degen chasing profits but that was just a huge distraction for my capital.

 

[Bostonian]

And how exactly are you able to generate these funds that are being so heinously taken from you? I daresay you would need to drive/take public transport to your place of work (paid for by the government), use electricity (infrastructure paid for by the government), complete you work under an employment framework (managed by the government).

But yeah, fight the power!

The government has no money of its own. So this "paid for by the government" is a total arse clown statement.

 

[ash_1050]

I'm here. Just taken a break from paying much attention to crypto these past few months and just DCA into BTC and Eth while the market's been so volatile. 2-3 year long bear market coming up, so perfect time for accumulating blue chips and avoiding shitcoin plays like the plague. If you can find some solid projects with active devs and still a decent budget then they could be the ones to pop off next market cycle.

Until then, it's better to DCA into BTC/ETH for the time being, whilst putting smaller amounts into projects that have potential to fly next run.

Haven't been paying too much attention but Harmony's one I'm going to keep an eye on, moving forward, and I'll look at a few others.

Learnt my lesson from the degen plays this run. Had the opportunity to make a heap of money but just got way too greedy thinking s**t owuld be the next Shiba. Not going to make that same mistake next run.

It's unfortunately one of those things that are generally learned first hand, as there's no want to invest with discipline when you're seeing garbage like Shiba 50 bag, or NFTs 20 bag over the course of a week. It moves from investing to gambling, and when the market is going up everyone feels like a genius, but those same people then get burned the most on the way down as they realise they haven't taken profits, made some horrible 'investments' and that they've kept throwing more money into 'buying the dip' when it was down 10-20% instead of demonstrating the discipline to wait for the full market cycle to play out. You'll be a much better investor as a result of your experiences over the last 12 months.

 

[Carn The Berries]

The government has no money of its own. So this "paid for by the government" is a total arse clown statement.

I never suggested they did, I was merely giving examples of how you benefit from this supposed theft, and how much worse off you'd be if this crime against humanity didn't occur.

But you take it however you like.

 

[Bostonian]

I never suggested they did, I was merely giving examples of how you benefit from this supposed theft, and how much worse off you'd be if this crime against humanity didn't occur.

But you take it however you like.

So I benefit from the Government spending my money for me.

More often than not on shit I would never agree too.

I'd be fine without them taking way more than they deserve.

You can't comprehend the bit where if you're taxed far far less you have more money to take care of shit yourself?

 

[bzparkes]

This was also my mistake.

I came out of 2016-2018 alright because I threw capital into things with a long time horizon in mind, also it was much simpler times. This time around I lost sight of the long run and went full degen chasing profits but that was just a huge distraction for my capital.

Yep. Still made some decent coins of some plays but was stupid with others. Came out a bit ahead, which I'm happy enough with for my first bull run, but could've made $50K+ if I stuck to a plan and took profits accordingly.

It's unfortunately one of those things that are generally learned first hand, as there's no want to invest with discipline when you're seeing garbage like Shiba 50 bag, or NFTs 20 bag over the course of a week. It moves from investing to gambling, and when the market is going up everyone feels like a genius, but those same people then get burned the most on the way down as they realise they haven't taken profits, made some horrible 'investments' and that they've kept throwing more money into 'buying the dip' when it was down 10-20% instead of demonstrating the discipline to wait for the full market cycle to play out. You'll be a much better investor as a result of your experiences over the last 12 months.

Yep, looking forward to the next run, now that I know what to look for on the degen plays but I certainly won't be so reckless, as well as holding onto things for far too long and watching a $6k profit dwindle into a $1k loss on some things.

 

[Chief]

You can't comprehend the bit where if you're taxed far far less you have more money to take care of s**t yourself?

You're building power plants and hospitals now?

 

[Carn The Berries]

So I benefit from the Government spending my money for me.

More often than not on s**t I would never agree too.

I'd be fine without them taking way more than they deserve.

You can't comprehend the bit where if you're taxed far far less you have more money to take care of s**t yourself?

Ahhhhhhh ok... So the theft is ok as long as its at a level that exactly suits your needs (which, as I stated before, is probably far more than you think it is).

Just clarifying.

 

[Bostonian]

Ahhhhhhh ok... So the theft is ok as long as its at a level that exactly suits your needs (which, as I stated before, is probably far more than you think it is).

Just clarifying.

It's never ok. But people can opt into something if they see a benefit.

Don't you pay full private health insurance, full car and house?

 

[Carn The Berries]

It's never ok. But people can opt into something if they see a benefit.

Don't you pay full private health insurance, full car and house?

Its never ok? But you just acknowledged there are parts of it that you are.... OK... with.

You can't have it both ways. I'd quit now while you're behind.