Cryptocurrency

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Expand view Topic review: Cryptocurrency

Re: Cryptocurrency

by learnedSloth » Tue Feb 27, 2024 4:40 pm

The idea of cryptocurrencies is that they can't be taken from you unless you give it away. Beside that it's just speculation.

Re: Cryptocurrency

by Fluminator » Tue Feb 27, 2024 4:30 pm

Because crypto is back babyyy

Re: Using Potatoes as Money

by Jamiet99uk » Tue Feb 27, 2024 11:27 am

Why did this thread come back to life?

Re: Cryptocurrency

by Fluminator » Tue Feb 27, 2024 6:04 am

Fluminator wrote:
Mon Aug 23, 2021 4:11 pm
6 months later, still only at 50k American.
3 years later, we haven't gained much ground but at least we haven't lost anything eh?

Re: Cryptocurrency

by King_George » Sat Dec 11, 2021 5:16 am

Too risky, maybe only bitcoin.

Re: Cryptocurrency

by Fluminator » Mon Aug 23, 2021 4:11 pm

6 months later, still only at 50k American.
That Cardano increase though

Re: Cryptocurrency

by Fluminator » Tue Feb 09, 2021 2:51 am

I guess we'll see. It's been around for quite awhile now that the risk of it dropping to 0 is minimal. After the whole GME debacle and people realize how fake money really is, this thing is really going to pump up. Paired up with Elon Musk now transferring over to it, and likely many more CEOs jumping on too, it's here to stay a bit longer at least.

Re: Cryptocurrency

by MajorMitchell » Wed Jan 27, 2021 9:43 pm

I'm content to miss out on unlikely Bonanza outcomes to avoid damaging losses in the crypto currency caper. I'm confident that I have a better chance to aquire Adoration, Fame & Wealth as a Performing Comedic Artist, Dusty Balzac Bush Philosopher. It might not be much of a chance, but it's more likely than trading in crypto currencies imho

Re: Cryptocurrency

by MajorMitchell » Wed Jan 27, 2021 9:39 pm

DipComrade Goldfinger, you are well aware that gold is used in Electronics, Aerospace industries? Like platinum, titanium there are many niche uses for gold in our technologies.

Re: Cryptocurrency

by kestasjk » Mon Jan 25, 2021 4:06 pm

MajorMitchell wrote:
Sun Jan 10, 2021 9:47 am
Credit mark for Nearly Omniscient kestasjk and please note, Nearly Omniscient Kestas that I was first to give your post a +1.
Well I thought people were nuts when bitcoin was booming last and some said "I'm waiting for it to hit $20k" when it was at a mind-boggling $10k, so not so omniscient unfortunately. :(

I'm sure there's a looot of money laundering / drug trafficking / overcoming currency restrictions in china going on which is helping to prop up the value, but who knows where it'll end up :|

Re: Cryptocurrency

by Matticus13 » Wed Jan 20, 2021 11:47 pm

@EstonianLongDong: How long is your Eastern European dong? Doing an informal study comparing actual dong size of people using dong in their user name. So far, the dongs are... Not so long.

Re: Cryptocurrency

by MajorMitchell » Sun Jan 10, 2021 9:47 am

I waited until the discussion reached a third page of posts & have read all posts to this point.
Maniac's posts have earnt him a Credit mark by Ethical Free Ranging Laissez-faire Capitalist Marketeer Daffy Old Dusty Balzac Bush Philosopher who lectures on this stuff.
Distinction mark for Peterlund.
Credit mark for Nearly Omniscient kestasjk and please note, Nearly Omniscient Kestas that I was first to give your post a +1.
A high pass for DipComrade Octaviouski our Oracle, liked the simple.disguised band grenade question in.his opening volley. The follow through, well it was adequate but nothing.like what this Student is capable of producing when he applies himself.

Clearly crypto currencies are a highly speculative venture with return patterns that reminds a chap of a bent card game in East Berlin in 1947. Everyone is pushing the ethical boundaries & greed is the primal motivation, and whilst a few may do well, many will get burnt.

A total avoidance strategy is quite sound, there's countless ways to invest and gamble. A ruthless sceptical intellectual dissection of all investments and wagers is essential if a chap wants to come out with a ledger showing nice black surplus amounts and not ghastly red losses as evidence of stupidity. There is of course a notable exception to this Axiom, and it simply is this, unless the investment or wager is connected with a woman with whom the investor/gambler has romantic inclinations and desires.

When investing in a Tea Shop or Art Gallery for, or any other financial transactions with a "Beautiful young Lady friend" most economically rational principles must be abandoned and a simple decision made about a defined total dollar amount exposure/expense for the venture with no expectations of financial return, the returns are usually less tangible provided contraceptive preventative measures are effective.

Re: Cryptocurrency

by Fluminator » Fri Jan 08, 2021 6:34 am

Nobody actually uses gold for that though

Re: Cryptocurrency

by goldfinger0303 » Fri Jan 08, 2021 4:40 am

Fluminator wrote:
Thu Jan 07, 2021 8:37 pm
I know you work at a bank goldie lol. Eventually you have to cede that your overlords are losing ground in the war.
I've never worked at a bank. Few years ago I was a bank regulator, but long since moved on.
Tom Bombadil wrote:
Thu Jan 07, 2021 10:08 pm

Gold has virtually no “value” either. You bring up jewelry, but jewelry is essentially a way to display wealth. You can make fake gold jewelry that is “worthless” yet nearly identical to gold jewelry. So jewelry is a really poor example. Both gold and crypto are similar in that they are finite.
Uhhh, gold has a ton of value for use in electronics, avionics, and spacecraft. Its an incredibly useful material due to its atomic properties. Yeah jewelry and bullion outpace its use by a wide margin, but its not an inherently useless metal.

Re: Cryptocurrency

by Tom Bombadil » Thu Jan 07, 2021 10:08 pm

goldfinger0303 wrote:
Thu Jan 07, 2021 8:14 pm
Cryptocurrency still confuses me. Then again people that hold gold confuse me, but at least gold can be sold to create jewelry or something.

No sane business would conduct transactions using bitcoin, and it has no other use than a designed-to-appreciate asset.....which just has "Bubble" stamped all over it
Gold has virtually no “value” either. You bring up jewelry, but jewelry is essentially a way to display wealth. You can make fake gold jewelry that is “worthless” yet nearly identical to gold jewelry. So jewelry is a really poor example. Both gold and crypto are similar in that they are finite.

Re: Cryptocurrency

by gimix » Thu Jan 07, 2021 9:46 pm

Fluminator wrote:
Thu Jan 07, 2021 8:37 pm
I know you work at a bank goldie lol. Eventually you have to cede that your overlords are losing ground in the war.
So one day we'll find Cryptofinger0303 replaced Goldie?

Re: Cryptocurrency

by Fluminator » Thu Jan 07, 2021 8:37 pm

I know you work at a bank goldie lol. Eventually you have to cede that your overlords are losing ground in the war.

Re: Cryptocurrency

by goldfinger0303 » Thu Jan 07, 2021 8:14 pm

Cryptocurrency still confuses me. Then again people that hold gold confuse me, but at least gold can be sold to create jewelry or something.

No sane business would conduct transactions using bitcoin, and it has no other use than a designed-to-appreciate asset.....which just has "Bubble" stamped all over it

Re: Cryptocurrency

by bo_sox48 » Thu Jan 07, 2021 7:37 pm

Probably will, because I can't access my wallet due to "connection issues" and I assume I'm not the only one lmao

Re: Cryptocurrency

by Fluminator » Thu Jan 07, 2021 6:52 pm

We might have our answer soon! Just dropped a few thousand. Will it continue?

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