djAdvocate
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Post by djAdvocate on Feb 7, 2022 19:31:42 GMT -5
i ask the question because i have not been a big dollar fan for decades. you can indeed pay your bills in crypto. a place like Malta practically runs on the stuff. if you are a criminal, you would obviously do practically all of your business that way, as it avoids standard banking channels. yes, it is volatile. but most of the volatility is gainful. in other words, another way of viewing it is that the dollar and other fiat currencies are declining rapidly. the big unanswered question is: will that persist? i can't answer that. but i can say that Bitcoin has been around nearly six years, and Tulip Mania only lasted three.
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resolution
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Post by resolution on May 17, 2022 13:24:13 GMT -5
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resolution
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Post by resolution on May 17, 2022 13:35:01 GMT -5
The lyrics to this song will be offensive to some people, so skip it if you don't want to hear rude language. But it is just cracking me up, its spot on with some of the discussions at crypto sites.
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Value Buy
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Post by Value Buy on May 17, 2022 14:06:08 GMT -5
Elon Musk was big on Crypto, but has been real quiet about it lately.
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jerseygirl
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Post by jerseygirl on May 17, 2022 14:39:42 GMT -5
When did you buy it and how much is it worth? Bought at $48000 now it’s $40000 🙄 And now it’s worth $500??? But I think of it as a casino type not an investment
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jerseygirl
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Post by jerseygirl on May 17, 2022 15:18:28 GMT -5
Eric Adam took his first paychecks for NY mayor in cryptocurrency. Ooops!
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justme
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Post by justme on May 17, 2022 15:28:49 GMT -5
I'd possibly throw a small amount on crypto if I happened to be paying attention when one goes on a run.
But otherwise I ignore it. The stock market has a mind of its own sometimes, but at least I can research the companies and research history of funds and have a decent idea that it'll do well over time.
I have no earthly idea what makes the price go up and down with crypto.
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Post by minnesotapaintlady on May 17, 2022 15:51:33 GMT -5
I have no earthly idea what makes the price go up and down with crypto. Purely how many are buying and how many are selling. Crypto has swung from greed to fear on the scale.
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justme
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Post by justme on May 17, 2022 19:27:48 GMT -5
I have no earthly idea what makes the price go up and down with crypto. Purely how many are buying and how many are selling. Crypto has swung from greed to fear on the scale. It just baffles me. Let me pay more for this digital for no reason besides I think there's other idiots that will pay more. Like at least with stocks it's I think the company will do well and that will cause others to pay more for it.
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Rukh O'Rorke
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Post by Rukh O'Rorke on May 18, 2022 21:34:29 GMT -5
crypto just seemed too much like the tulip craze to me....
minus the pretty flowers.....
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tskeeter
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Post by tskeeter on May 19, 2022 19:43:36 GMT -5
Purely how many are buying and how many are selling. Crypto has swung from greed to fear on the scale. It just baffles me. Let me pay more for this digital for no reason besides I think there's other idiots that will pay more. Like at least with stocks it's I think the company will do well and that will cause others to pay more for it. Yeah, crypto sounds very much like a pyramid scheme, doesn’t it?
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Rukh O'Rorke
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Post by Rukh O'Rorke on May 30, 2022 14:47:13 GMT -5
i ask the question because i have not been a big dollar fan for decades. you can indeed pay your bills in crypto. a place like Malta practically runs on the stuff. if you are a criminal, you would obviously do practically all of your business that way, as it avoids standard banking channels. yes, it is volatile. but most of the volatility is gainful. in other words, another way of viewing it is that the dollar and other fiat currencies are declining rapidly. the big unanswered question is: will that persist? i can't answer that. but i can say that Bitcoin has been around nearly six years, and Tulip Mania only lasted three. lol, what would have happened with tulip if they had an internet army behind them pushing it for dear life? questions: is bitcoin not a fiat currency? Is it a currency or investment? when national currencies fluctuate against each other, there seems to be some reason, and some limits on how much they vary - leastwise if one of the country isn't falling to ruin. Outside of the criminal element, I just don't see the appeal.
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djAdvocate
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Post by djAdvocate on Jun 8, 2022 23:14:21 GMT -5
Bought at $48000 now it’s $40000 🙄 And now it’s worth $500 But I think of it as a casino type not an investment maybe. but those that bought it at pennies don't think so.
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djAdvocate
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Post by djAdvocate on Jun 8, 2022 23:17:41 GMT -5
i ask the question because i have not been a big dollar fan for decades. you can indeed pay your bills in crypto. a place like Malta practically runs on the stuff. if you are a criminal, you would obviously do practically all of your business that way, as it avoids standard banking channels. yes, it is volatile. but most of the volatility is gainful. in other words, another way of viewing it is that the dollar and other fiat currencies are declining rapidly. the big unanswered question is: will that persist? i can't answer that. but i can say that Bitcoin has been around nearly six years, and Tulip Mania only lasted three. lol, what would have happened with tulip if they had an internet army behind them pushing it for dear life? this is just the thing tho. nobody is pushing it other than people who use it. that is WHY it has grown from nothing to a $1T market in the space of a decade. furthermore, it is something EVERYONE uses. do you use tulips? what for? so the comparison is a pejorative. it is not very accurate. crypto is a medium of exchange. it is more like gold than tulips. and yeah, some people hate gold, too. and that is fine. there is enough room in this world for haters. me? i kinda hate the USD. i think it is utterly worthless. convince me to buy it. and don't use the phrase "full faith and credit", because the US borrows more than it lends, and that has been the case for close to a century.
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resolution
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Post by resolution on Jun 13, 2022 22:47:36 GMT -5
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resolution
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Post by resolution on Jun 13, 2022 22:51:54 GMT -5
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Artemis Windsong
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Post by Artemis Windsong on Jun 23, 2022 14:39:30 GMT -5
I'm totally in the dark on what these indexs mean. Does it mean I can buy one of those cryptos at .06 and change? There are several listed.
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souldoubt
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Post by souldoubt on Jun 23, 2022 15:41:47 GMT -5
As of March there were over 18,000 cryptocurrencies in existence and there's plenty that are under $1.00. Cardano and XRP have the 7th and 8th biggest market cap (or did recently) and both are under $0.50 per coin. You can generally buy however much you want as you don't have to buy a whole coin so if you want $500 worth of bitcoin or ETH you can purchase that much. Some of the smaller or more obscure coins aren't available through major exchanges so you have to pay mining fees. Obviously the question is though which coins will be around in a few years or become more mainstream because they aren't all going to take off as many are penny stocks at this point.
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djAdvocate
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Post by djAdvocate on Jun 23, 2022 16:27:26 GMT -5
It just baffles me. Let me pay more for this digital for no reason besides I think there's other idiots that will pay more. Like at least with stocks it's I think the company will do well and that will cause others to pay more for it. Yeah, crypto sounds very much like a pyramid scheme, doesn’t it? no. pyramid schemes provide payouts. it is part of the "agreement".
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