Cryptocurrency mega-thread

[Bostonian]

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.

I didn't say I was ok. I said let people opt in or out if they want to contribute.

Why are you even in this thread anyway

This is a space where leeches and bludgers who love their government t***ies to suckle off are viewed as parasites.

 

[Carn The Berries]

I didn't say I was ok. I said let people opt in or out if they want to contribute.

Why are you even in this thread anyway

This is a space where leeches and bludgers who love their government t***ies to suckle off are viewed as parasites.

I have been reading this thread for a while, I'm interested in Crypto but don't know enough about it to add any insight to the conversation. The need for government taxation and expenditure on the other hand...

Who exactly are these leeches and parasites? People in full-time work like myself who pay tax?

 

[Bostonian]

I have been reading this thread for a while, I'm interested in Crypto but don't know enough about it to add any insight to the conversation. The need for government taxation and expenditure on the other hand...

Who exactly are these leeches and parasites? People in full-time work like myself who pay tax?

People who think the Government has any right to be taking money from people who did all the hard work and risked their own money to better their own live.

Those people are the parasites of society.

 

[Carn The Berries]

People who think the Government has any right to be taking money from people who did all the hard work and risked their own money to better their own live.

Those people are the parasites of society.

List of micronations - Wikipedia

en.wikipedia.org

Maybe this is your go then. You can make as much money as you want and pay no tax.

 

[ash_1050]

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.



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.

Yep, it's important to bank some profits along the way. DCA when the market is bear, and incrementally sell when the market is bull. Makes it much harder to lose money if you're doing that, and helps maximise your upside once you're free carrying.

 

[rammbo]

Investing has been a lifelong hobby of mine for 40+ yrs Bitcoin 6y

Nothing is a sure thing but the biggest risk you can take in bitcoin investing is not investing in bitcoin imo.



As for altcoins nothing and that includes Eth has convinced me to to invest long term in any of these projects but i will continue to keep an eye on and keep educating myself and never dismiss outright.

I love market crashes and bear markets its when the the greatest opportunities exist but get educated .

 

[Orange Agent]

People who think the Government has any right to be taking money from people who did all the hard work and risked their own money to better their own live.

Those people are the parasites of society.

This statement makes no sense.

People who are happy to pay tax are parasites?

 

[Saint]

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?

Go and read any history book about how democracies and the services Governments provide developed over time.

Can you afford your own fire department, ambulance/hospital system, mass transit, police, army?

Before Governments had effective control it was not a perfect anarchy, it was feudalism. It wasn't the richest who won, but the strongest.

Go watch Mad Max and wonder at the social system you long for.

 

[Bostonian]

This statement makes no sense.

People who are happy to pay tax are parasites?

Career politicians are some of the biggest parasites in society.

Relying on them and the systems that keep them in power to get through life means you're just leeching off the system when far far lower taxes would mean you wouldn't need too.

 

[Chief]

Career politicians are some of the biggest parasites in society.

Relying on them and the systems that keep them in power to get through life means you're just leeching off the system when far far lower taxes would mean you wouldn't need too.

How's your personal fraud squad going? I assume you have all the requisite skills to pursue white collar crime that might be committed against you?

#defundthepolice

 

[Bostonian]

Go and read any history book about how democracies and the services Governments provide developed over time.

Can you afford your own fire department, ambulance/hospital system, mass transit, police, army?

Before Governments had effective control it was not a perfect anarchy, it was feudalism. It wasn't the richest who won, but the strongest.

Go watch Mad Max and wonder at the social system you long for.

I'm well aware of history.

Governments overstepped their core roles long ago.

As you say control. You're happy to be controlled by them as you're probably from a long line of serfs.

Happy to do their masters bidding.

 

[Bostonian]

How's your personal fraud squad going? I assume you have all the requisite skills to pursue white collar crime that might be committed against you?

#defundthepolice

Why would I need that?

I don't put my money anywhere I won't wear the consequences for.

The only things that's ever ripped me off in life is the government.

The Police are useless. They won't protect you from shit. Seen it first hand many a time. More than you in your sheltered life would.

 

[Saint]

I'm well aware of history.

Governments overstepped their core roles long ago.

As you say control. You're happy to be controlled by them as you're probably from a long line of serfs.

Happy to do their masters bidding.

If you can point out to me what freedoms I'm missing out on that anyone else before me ever had, then I'm all ears. What exactly do you feel like you're missing out on because Govt exists?

I don't think a computer algorithmic replacement for currency is any better oil in Mad Max world, or gold/silver in the Bronze Age. It doesn't make anything more free.

 

[Chief]

More than you in your sheltered life would.

 

[Chief]

Why would I need that?

I don't put my money anywhere I won't wear the consequences for.

"Fraud" being when someone tales your money under false pretenses.

You think you personally will never, ever be lied to about your money?

OK, big brain.

 

[Saint]

Why would I need that?

I don't put my money anywhere I won't wear the consequences for.

The only things that's ever ripped me off in life is the government.

The Police are useless. They won't protect you from s**t. Seen it first hand many a time. More than you in your sheltered life would.

I can't think of a single way of storing wealth which doesn't rely on trust and Govt protection.

 

[Bostonian]

If you can point out to me what freedoms I'm missing out on that anyone else before me ever had, then I'm all ears. What exactly do you feel like you're missing out on because Govt exists?

I don't think a computer algorithmic replacement for currency is any better oil in Mad Max world, or gold/silver in the Bronze Age. It doesn't make anything more free.

Well given we're in a cypto thread what about the Government banning privacy crypto from being sold on Australian exchanges?

This was at the behest of the major banks which just shows how in bed they are with each other.

The freedom to not turn up to vote without financial penalties and prop up these shit campaigners called politicians.

 

[Bostonian]

"Fraud" being when someone tales your money under false pretenses.

You think you personally will never, ever be lied to about your money?

OK, big brain.

I just said I'd wear the consequences if that occured.

Learn how to read small brain.

And of course I'm lied to about my money all the time.

By the Government.

 

[Chief]

Well given we're in a cypto thread what about the Government banning privacy crypto from being sold on Australian exchanges?

This was at the behest of the major banks which just shows how in bed they are with each other.

The freedom to not turn up to vote without financial penalties and prop up these s**t campaigners called politicians.

Not to mention the rampant theft and fraud.

But that's all part of the business of doing business.

Why do you want to be ripped off by scammers like Celsius and other "10% APR!" frauds, rather than a bank which is insured and subject to the law?

 

[Bostonian]

Not to mention the rampant theft and fraud.

But that's all part of the business of doing business.

Why do you want to be ripped off by scammers like Celsius and other "10% APR!" frauds, rather than a bank which is insured and subject to the law?

I don't going anywhere near things like Celcius.

What interest returns are the banks offering?

I can get a better cash % from FTX than any bank here. That cash is insured and subject to law.

There's a common lack of knowledge that leaves out the part where there are crypto projects that have complied with regulations which mean they aren't the wild west that many make them out to be.

 

[Chief]

I can get a better cash % from FTX

Feminist Technology Exchange??

But seriously - crypto derivatives?

 

[Bostonian]

Feminist Technology Exchange??

But seriously - crypto derivatives?

FTX is a massive crypto exchange.

Soon to move into traditional stock trading as well.

I have 10k USD on FTX earning 8% APY while I monitor the market.

Why would I bother having it in a Comm Bank account for 3%?

 

[Chief]

I have 10k USD on FTX earning 8% APY while I monitor the market.

Why would I bother having it in a Comm Bank account for 3%?

Sounds like the rest of the crypto industry. Unsustainable interest rates that have to be propped up by risky trading and loans.

You just railed against government and how you don't need them for anything, but you're happy to invest in a scheme that is subject to government regulation?

Looking around, it's the same stuff. "Staking" your tokens in return for high return.

https://help.blockfolio.com/hc/en-us/articles/4407082596891-FTX-Earn

 

[Seeds]

Staking provides you with free tokens.

You can sell those tokens for cash.

But dividends provides you with actual cash from the profits of the business. You can only sell those tokens for cash if the tokens are valued by the market. Profits dont rely on the markets valuation of your stock. They simply come from the net revenues of your business.

 

[Seeds]

View attachment 1429099

Oh the irony in posting a comment from buffet who believes crypto is completely worthless.