Big Phoenix
Pronouns: zie/zhem/zer
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Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
- Start date
Big Phoenix
Pronouns: zie/zhem/zer
- 44,636
- 93,251
Asian guy is perma cosplaying megamind.bald guy doesn't look that abnormal. Chinese guy is fairly generic Chinese nerd trope, probably resemblesLanx IRL Top is a true autist weirdo
Big Phoenix
Pronouns: zie/zhem/zer
- 44,636
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Arden
Blackwing Lair Raider
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If the stock market keeps dropping, crypto will keep dropping. I'm personally beginning to view after hours crypto action as an indicator of what the stock market is going do when it opens. The last several significant crypto drops have presaged corresponding drops in the stock market. Doesn't mean it's a trend that will always hold, but it's been pretty consistent recently.
Sanrith Descartes
Veteran of a thousand threadban wars
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We got an 18k handle again. At this rate McDonald's will never have a labor shortage again.
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Crypto has proven itself to be… not currently useful as a mechanism of transaction. It is very traceable when used as a single agent (ie btc alone, eth alone, a single wallet basically), it’s cumbersome to use, and it takes a tremendous amount of energy. Energy is now a premium product, and looks to be for a while.
Wether it drops, rises, etc - right now it is a practically useless “currency” taking resources from society which failed to shine in any aspect of its use case thus far. There are number of unsustainable projects with ridiculous interest rates, some of which are crashing coinciding with this weekend likely. People have made a ton of money so the FOMO will take a while to drive out.
The biggest and best use case for crypto is money laundering through a number of alt coins shuffled back and forth to BTC and then exchanged through tether, and NFTs. Money laundering is the backbone of how crypto survives and becomes difficult to trace by using a number of wallets which just get burned after. The average person using crypto is more traceable than buying something with cash at Walmart.
Wether it drops, rises, etc - right now it is a practically useless “currency” taking resources from society which failed to shine in any aspect of its use case thus far. There are number of unsustainable projects with ridiculous interest rates, some of which are crashing coinciding with this weekend likely. People have made a ton of money so the FOMO will take a while to drive out.
The biggest and best use case for crypto is money laundering through a number of alt coins shuffled back and forth to BTC and then exchanged through tether, and NFTs. Money laundering is the backbone of how crypto survives and becomes difficult to trace by using a number of wallets which just get burned after. The average person using crypto is more traceable than buying something with cash at Walmart.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Sanrith Descartes
Veteran of a thousand threadban wars
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Monero had been the go to for laundering. I don't know if that's still the case.
MrHolland420
KRA! KRA!
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The IRS will only target registered Republicans, so Democrats y'all don't have to worry about being audited. Kra!
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Onoes
Trakanon Raider
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I keep shaking my head and laughing, like 8 weeks ago I create a Coinbase account and drop $48k ($42k bitcoin, 4k eth, and a couple 1k drops on randoms I see you guys talking about like Matic). Market starts tanking a couple days later, and am now at less than half that. We'll see in a couple years wether I've lost it all or made out, but fuck if every day I'm not wishing I would have waited 2 months to start investing. Had 0 interest in any of this for 42 years of my life, get interested, spent a couple months talking about it, watching it, feeling good, finally walk through that door and immediately get kicked in the nuts.
0 thoughts of selling, ride or die, but fuck me.
0 thoughts of selling, ride or die, but fuck me.
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Arden
Blackwing Lair Raider
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Lots of ride or die people in this space, some of which have been holding for many years through crashes worse than this. That's one reason neither Bitcoin or ethereum are going to go to zero. And both will eventually be back upI keep shaking my head and laughing, like 8 weeks ago I create a Coinbase account and drop $48k ($42k bitcoin, 4k eth, and a couple 1k drops on randoms I see you guys talking about like Matic). Market starts tanking a couple days later, and am now at less than half that. We'll see in a couple years wether I've lost it all or made out, but fuck if every day I'm not wishing I would have waited 2 months to start investing. Had 0 interest in any of this for 42 years of my life, get interested, spent a couple months talking about it, watching it, feeling good, finally walk through that door and immediately get kicked in the nuts.
0 thoughts of selling, ride or die, but fuck me.
Sanrith Descartes
Veteran of a thousand threadban wars
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I believe the official term is HODL.I keep shaking my head and laughing, like 8 weeks ago I create a Coinbase account and drop $48k ($42k bitcoin, 4k eth, and a couple 1k drops on randoms I see you guys talking about like Matic). Market starts tanking a couple days later, and am now at less than half that. We'll see in a couple years wether I've lost it all or made out, but fuck if every day I'm not wishing I would have waited 2 months to start investing. Had 0 interest in any of this for 42 years of my life, get interested, spent a couple months talking about it, watching it, feeling good, finally walk through that door and immediately get kicked in the nuts.
0 thoughts of selling, ride or die, but fuck me.
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