I feel like for the most part the coins are a Ponzi scheme, am I wrong, should I drop a grand that I don't care about on shibuira? Or whatever it's called?
I feel like for the most part the coins are a Ponzi scheme, am I wrong, should I drop a grand that I don't care about on shibuira? Or whatever it's called?
Mercury 250 proxs 2B115089
I'm seeing Shibu trades being talked about as some of the most profitable ever. A few thousand already turned into billions in a few months. I watched a guy this morning completely devastated as he had a thousand worth of Shibu in August and sold it for a $300 lost, it would be worth $1billion today.
I thought the crypto space was a scam. I missed the boat. I feel like anything I would do now, I would be buying what some punk kid billionaire is selling. I don't want to finance some kids yacht.
That said, After yesterdays metaverse presentation from Meta, I'm convinced that the future does involve cryptos and nfts. The stuff I thought was a scam a few weeks ago. If I had money to burn, I would throw a few grand into some alt coins. I don't have money to burn, so I'm buying FB and will probably buy ETH at some point. Of course, I had ETH some time ago when it was a couple hundred bucks, but I don't want to talk about that.
Thanos was the hero
Ponzi schemes involve taking new money coming in to pay current investors. When it first fails it's over. I do believe the majority of the crytos will fail, but they aren't ponzi schemes. Bitcoin has lost 90% of its value 7 times and it's still here. It's battle tested.
Realistically, if you can pay attention to it you can make money. I own 40 million shiba and I have made thousands over the last weeks.
One quadrillion of them available? That's interesting. But clearly it's moving
Is there a platform where you can trade several of these coins, kind of like a stock platform? What are hours of trading and how liquid are they?
You can use Coinbase and the exchange is 24/7.Originally Posted by Bassmaster96
What fluctuation per day is normal on these?
Nothing really normal about it. I notice that there is usually a jump on Monday mornings and a drop before the weekend but one huge investor can make your money grow or if he sells it can hurt a price.
How hard is it to get an order to fill?
On coinbase it is instant. It is the simplest platform.
I don’t trade Crypto but I do buy and sell Coinbase…it’s been great.
I have two other platforms I trade on, but coinbase has been the easiest and most consistent. I have a coinbase debit card I can use anywhere in the world, they just make it easy.I don’t trade Crypto but I do buy and sell Coinbase…it’s been great.
Made some good gains today see if it continues
-I'm seeing Shibu trades being talked about as some of the most profitable ever. A few thousand already turned into billions in a few months. I watched a guy this morning completely devastated as he had a thousand worth of Shibu in August and sold it for a $300 lost, it would be worth $1billion today.
I thought the crypto space was a scam. I missed the boat. I feel like anything I would do now, I would be buying what some punk kid billionaire is selling. I don't want to finance some kids yacht.
That said, After yesterdays metaverse presentation from Meta, I'm convinced that the future does involve cryptos and nfts. The stuff I thought was a scam a few weeks ago. If I had money to burn, I would throw a few grand into some alt coins. I don't have money to burn, so I'm buying FB and will probably buy ETH at some point. Of course, I had ETH some time ago when it was a couple hundred bucks, but I don't want to talk about that.
I know this is an old thread; but worth mentioning that the adoption rate of Bitcoin right now is about 2%. That’s about where the internet was in 1997. Never too late. No clue where it’s all going; but it’ll be a fun ride.
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(full disclosure; I’ve only got just shy of double digit % of my portfolio in Bitcoin……….but, as said above, it’s battle tested and lots of institutional money coming in)
I agree with you. I think this will be a good thread to come back and visit in a few years. I have some crypto and buy more every week with money I can afford to lose. I am buying Lite Coin every week. I think that will be a stable coin that will go way up in the next few years.
Now NFTs on the other hand I don’t think I will be buying any.
I just wish someone could convince me and show me evidence of a use case. There's only two use cases that I can see. One to buy NFTs and the other is there's a greater fool out there to buy it at higher prices. I think there will be a use case for NFT's in the meta verse but I think any crypto will work depends on what the seller wants.
Thanos was the hero
Looked into crypto and NFTs ... end result, buy more property.
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I’m with you about the use case of Bitcoin as actual currency, due to fees and slower speed and things like that (although the Lightning network/layer is supposed help with those issue). I see it more as an asset class. Digital gold kinda thing.
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It’s Durable
Portable
Divisible
Uniform
Limited Supply
And With your seed phrases, countries can ban it all they want; they can’t take it from you. All you need is an internet connection.
Countries like Iceland 2008, Cypress 2013, Greece 2015, Argentina 2019 can’t have such a easy control of your assets.
It makes perfect sense for emerging nations too.
As for the greater fool theory; I like to look at Bitcoin like a peer-to-peer network.
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like the telephone……..cool if you and 2 friends were the only ones with phones; but amazing if the world has them.
The internet; also cool if there’s only 4 or 5 websites to access; but invaluable with millions of websites.
Facebook is great with just Ivy League email addresses; but incredible when everyone’s email address is accepted.
(These are just some of the interesting notes I’ve taken on my phone after a few hundred hours of reading about Bitcoin. I’m fascinated by it and I realize it has limitations; but great potential. It’s certainly not for everyone though. And only a small part of my portfolio.)
Last edited by motomania; 01-08-2022 at 02:06 PM.
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