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YY77
·PM sent! I sent my bank details, and address (for the watch) 😗
Are members invested in Bitcoin/crypto?
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Walrus
·I see Tesla is no longer accepting Bitcoin it for payment, citing high energy use. That's twice in a week Elon has caused a crypto to head South!
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Observer
·Late last year I bought a small stack of a token called MATIC, the utility token for the MATIC network, which was designed to support Ethereum based transactions without the associated fees and delays. Back then in November it was trading for $0.017 and I spent the equivalent of a mediocre vintage Seamaster. Now it’s trading for $1.83, a gain (unrealized) of over 10,000%. I appreciate jokes about the frivolity of crypto assets, but I get a different sort of laugh than the people who make them.
Regarding NFTs, some of them really are silly, the equivalent of a digital beanie baby. Some of them have actual utility. Like blockchain currencies, you will be using them someday whether you like it or not. It couldn’t hurt to take the time to actually understand them.
Regarding NFTs, some of them really are silly, the equivalent of a digital beanie baby. Some of them have actual utility. Like blockchain currencies, you will be using them someday whether you like it or not. It couldn’t hurt to take the time to actually understand them.
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Archer
··Omega Qualified WatchmakerThe recovery is moving much quicker than I anticipated however this shows One of the numerous faults of crypto, so prone to manipulation by tweets. That doge coin crash actually started prior to Musk on SNL by some dude out to intentionally short it but doge is a different animal, kind of funny actually but yes Pappa Elon upset a lot of people. Buying the dip worked out, until the next one of course. Musk got something up his sleeve, he’s gonna pump another one. The SEC gotta be watching this dude but since he is basically the current US NASA I guess they give him a long leash but I don’t know how this stuff plays out when your in the billion dollar realm, don’t think I’ll be finding out anytime soon either.
Interesting you say the SEC needs to watch Elon. With regards to crypto I thought the desire of most enthusiasts was to (aside from making money) to have a completely independent currency not subject to government regulation or influence. I think the fact that comments by one guy can cause this kind of volatility shows that you need to be a little careful of what you wish for...
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Walrus
·Interesting you say the SEC needs to watch Elon. With regards to crypto I thought the desire of most enthusiasts was to (aside from making money) to have a completely independent currency not subject to government regulation or influence. I think the fact that comments by one guy can cause this kind of volatility shows that you need to be a little careful of what you wish for...
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Archer
··Omega Qualified WatchmakerWell I said they should if he is outright manipulating stuff for personal gain. I did get into crypto back in the day for the reason you mentioned but I guess someone let the horse out of the barn on that one. I got into as a stance against the federal reserve in some deluded protest I had in my head at the time but as it became the fastest asset in history to hit a trillion dollar market cap things changed drastically. I had no idea back then this would happen and hypocritical me would have got a lot more had my crystal ball not broke. There are always things as we wish them to be and reality. Large percentage gains in money alter things so quickly. It wasn’t that many years ago I was laughed at for thinking any of these cryptos would ever have value.
The SEC I believe has no jurisdiction over crypto currencies themselves, and only over some specific uses of them. I'm certainly no expert on a US based regulatory agency, but that is my understanding, so if that's incorrect I'm sure someone will say so.
Freedom cuts both ways - the wild West was very free, but they had bandits too. Gotta take the good with the bad on these things, or fully regulate them and bring them under the umbrella that all other financial things are under, which again goes against the spirit of many who are fans.
It will be interesting to see how things go when the "little guys" really start to get burned by the "big guys"...
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Walrus
·The SEC I believe has no jurisdiction over crypto currencies themselves, and only over some specific uses of them. I'm certainly no expert on a US based regulatory agency, but that is my understanding, so if that's incorrect I'm sure someone will say so.
Freedom cuts both ways - the wild West was very free, but they had bandits too. Gotta take the good with the bad on these things, or fully regulate them and bring them under the umbrella that all other financial things are under, which again goes against the spirit of many who are fans.
It will be interesting to see how things go when the "little guys" really start to get burned by the "big guys"...
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ReturnOfUltraman
·So uh...
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kev1976t
·Woah its a bloodbath
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Spacefruit
··Prolific Speedmaster HoarderWoah its a bloodbath
(About $8500)
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Tony C.
··Ωf Jury memberTell that to the person who bought Bitcoin 12 months ago
(About $8500)
I get your point, of course, but no matter what one's entry point, when the value of one's holdings drops ~40% in less than two weeks, it's still a bloodbath, no?
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Walrus
·This is what I do on days like this, enjoy your coffee, see panicking people and ask “first time?
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321Only
·hodl
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Dsloan
·On the plus side, ethereum got close enough to my cost basis that I sold from Robinhood and rebought on coinbase. I had been waiting for Robinhood to introduce wallets so I could avoid capital gains, but thankfully that's no longer an issue! 😵💫
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Observer
·I took profits on a quarter of my matic at $2.40, which was up aver 10,000% from what I paid. Other than that, if you can't handle volatility, maybe crypto isn't for you. Maybe it'll keep going down, maybe it won't. When it establishes a solid uptrend, maybe I'll do some buying. The funny thing is people feeling better holding dollars.
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Observer
·I just put my matic winnings into more eth at $2577. I sold high, we'll see if I'm buying low.
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Walrus
·I took profits on a quarter of my matic at $2.40, which was up aver 10,000% from what I paid. Other than that, if you can't handle volatility, maybe crypto isn't for you. Maybe it'll keep going down, maybe it won't. When it establishes a solid uptrend, maybe I'll do some buying. The funny thing is people feeling better holding dollars.
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sgrenald
·I was talking with a buddy yesterday. He sort of fell into crypto a few years ago when he had some sports bets that he couldn't cash out, but they put into bitcoin for him. He was up a few thousand bucks as of yesterday. He was asking what I knew about crypto and I told him to run, not walk away from it. Then I told him I had been trying to buy some DOGE a few months back (but couldn't for reasons that aren't important here) and he started jumping all over me: "You said to not do it and yet you wanted to drop some money into it!" So I reiterated that he should treat it like going to the casino. Assume that he's going to lose it all, so invest what he can afford to lose.