Who's going in on CryptoCurrencies? XRP - Bitcoin

Prentzz

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wNXM and THOR probably the most undervalued tokens tbh
 

EyesExist

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@Prentzz Why? And where are you trading them?

I'd put my money on CSC
 

Prentzz

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@Prentzz Why? And where are you trading them?

I'd put my money on CSC
wNXM is barely trading above net asset value. You're basically long ETH and getting the "business" of Nexus Mutual for pennies. It's like $90m above asset value, so you're betting that all future profit growth is worth only $90m.

It's the biggest DeFi insurer by far and still only covers a tiny % of all transactions. Revenues are growing at like 250%+ per QUARTER. They aren't even investing their assets yet (roughly 350 million dollars) where they should earn 5-10% APY. Call it $20 million in revenue per year. Such a no brainer tbh

THOR's solved for all the main liquidity and interoperability issues any major app-specific chain has. Like it a lot, but not as much as NXM

Also SUSHI is crazy undervalued compared to competition when you look at the volume they transact. I don't own any yet, but on paper it's looking very cheap still.

For where, I use OKEx and Binance primarily
 

CCarter

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The buttcoin jokes write themselves... Musk, after years of having his name being used to scam people out of buttcoin, decides to turn the tables.

Tesla buys $1.5 billion in buttcoin.

Must announces Tesla will accept buttcoin for his retarded electric cars.

Musk hypes up cryptocurrency.

Tesla sells a good chunk of buttcoin after the hype at the top, making $272 million (source: Elon Musk’s Tesla Sold Bitcoin in Q1 for Proceeds of $272M).

Musk then announces Tesla will stop taking buttcoin cause of environmental bla bla bla (source: Elon Musk says Tesla will stop accepting bitcoin for car purchases, citing environmental concerns).

You don't get to be the richest man on earth without some smarts.

Do you really think that Musk didn't know how much electricity it took to make buttcoins, BEFORE any of this?

Do you really think the richest man on earth isn't going to do SOME research?

Musk hoodwinked the cryptocurrency crowd so fast that they STILL think, delusionally, that he thinks crypto is a good idea. No, ruthlessly he got his and fucked off.

4gIq7f3.gif


CasinoCoin, Doge, Shiba, Thor, Sushi - what the fuck are you guys doing?

Are you guys really making financial "decisions" based off of Saturday Night Live sketches?

Sushi? Thor? What the fuck are you guys doing?

Cryptocurrency isn't online marketing or an online business. It's just gambling.

You can't stop people from doing stupid stuff - fine, but someone reading is going to put all the money they got into something stupid and lose it all.

When people try to make a quick buck they usually lose. So every 1 in 1000 win, but the 999 don't, and no one ever hears about their story.

All this free money has caused euphoria that HAS to be paid at some point. The piper has to get paid. Hopefully none of you are holding the bag when the music stops spinning.

LyXnuFi.gif
 

NetZero

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Interesting times we are in. The creator of ETH Vitalik just burned billions in SHIB https://etherscan.io/tx/0x125714bb4db48757007fff2671b37637bbfd6d47b3a4757ebbd0c5222984f905 . With a letter saying stop sending him these coins.

But, the crypto space is not just about the popular memes coins, it's very exciting times for WEB3, DEFI and the switch to decentralization. I agree there is some gambling going on, but we all take small gambles to succeed (SEO, backlinks, career changes etc..). I hope no one here is betting their life savings or the house (aka farm) on anything. I just recently made a small bet $10k on some of my own researched favorite DEFI's.

If your young and hungry to get in on the next big event in our world, I would start learning about REACT.JS etc.. Blockchains on Ethereum. So many startups going on.

Good luck to all on their bets!
 
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CCarter - hugely disagree.

I got in early on a meme coin, sold it at the peak, and went all into a rising AMM on BSC.

Let's just say I'm looking at which hobbies to fill up my week with.....
 

EyesExist

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The people doubting you can make money of cryptos at this point = delusional

I mean before it was 'weird' but now it's just outright.......foolish
 
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I happen to believe both sides of this.

@CCarter is right and so are the Moon boys, myself included.

This is not the future of currency for the world or Mars but ultimately BTC will become a true store of wealth as in digital gold. That is clear.

The ALT Coins are a "hustle" and I'm all in on DOGE because I know I can make excellent returns and GTFO and then store that wealth in Bitcoin.

I am not in DOGE because it is going to be the future currency of Earth or the Moon. It is pure speculation.
 

Prentzz

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99% of projects are either straight up rug pulls, frauds or have no real use case.

Doesn't mean that the other 1% can't be incredibly valuable. So with a broad stroke @CCarter is right but there's still specific projects which use smart contracts to add real value to the world. Projects which remove middlemen in real estate transactions, or use blockchain to offer direct insurance on earthquakes on the other side of the planet. By removing the "company" you drive down costs and can benefit end users. That's real.
 

secretagentdad

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I'lle say it again. Brass balls move here is, Short Butt coin, Long Doge coin.

I think Musks gameplan of work with doge coin to make it less of planet burner is a great long haul play that will basically ensure its the shiniest turd in the pile. Regardless of the absolute overall size or direction of the pile.

Mr. Medias position is pretty cool and I appreciate his reasoning but I think the winning trade here is betting on innovation to make the space more palatable. Not legacy proof of stake. A fungible market is way better than a fomo collectable with excessive wasteful data replication problems.

Sure, 1st movers have value and probably wont ever die off completely but I see butt coin diverging down relative to market. The legacy holders of it are not powerful enough to force adoption.
If the tech ever matures to the point of utility based adoption instead of this fomo grifting crap, I'd want to be holding the item with the biggest most potent involved stake holders and best memetics.
 
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CCarter

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There are people that are in it for the money - @EyesExist clearly is - whether the states so directly or not.

@MrMedia literally states that he is.

That's perfect.

Even @MrPotatoKing - made his money from some meme coin - the fact that you guys literally call it meme coins and seem to not see the irony in me not taking it serious, there is a dichotomy there. But he made his money. Not in it for the tech.

I also made money off of buttcoin, I've told the story over and over got in at $125 then got out at $900 and fucked off. Again in it for the profits.

Elon Musk has literally done that to $275 million in profits - got in a fucked off.

@secretagentdad - he's always talking in riddles so I can't call it, but I believe he's smart enough to know this is a game of musical chairs.

Everyone above at some level knows it's a game of musical chairs - this nonsense is not going to change the world.

Now we got this NFT stuff going on - sure perhaps that's going to do something but realistically you can buy NFT with fiat money without a problem there is nothing stopping consumers from doing this.

Here is the real problem: I walk into my barber shop this morning and one of the barbers is talking about how he made $400 off of cryptocurrency - but is down to only $200 at the moment, and he's attempting to get others in on it (obviously I'm shaking my head). So I'm talking to them asking them what he likes, what he's into, and my current barber talks about some 17 year old kid making $700 from trading cryptocurrency.

Guys none of those people were serious about this as a business or the technology. They are in it for the quick profits. One guy was talking about how he goes to the Casino every Wednesday and has this system, and I - wrongfully, state "you know there is a casinocoin." I had to beg him not to waste time buying it. That was funny.

They started asking me questions and I kept prefacing that "I think it's all a scam then "Answer".

I've stat here and done research on these coins and the operation - its just pump and dump left and right.

10 years ago walking into the same barber shop they were talking about real estate flipping - go figure.

Fast money, quick cash never lasts. Take your profits and buy income, a business generating real revenue. But this crypto-crap has zero inherit value.

I have yet to see anyone doing real estate transactions with any of this, and I've got several realtor friends. When you guys bring that up I texted them asking if they know anything about it and 3 said no.

So trying to state this "technology" is going to "revolutionize the world" - sounds like pie in the sky scenarios. In real estate the reason there are middle men is because they have access to the MLS inventory and have a network of people that they can potential push homes on.

Let's go into used cars - there are tons of middle men, the experience is horrible, then Carvana.com comes along and makes the process easier. Perfect. They made it SIMPLER - they have cut out the middle man and get you low interest rates loans for cars.

Fucking around with a blockchain, a wallet, a ETH contract or whatever, and all this extra nonsense for a real estate transaction - doesn't sound simpler than getting a realtor involved.

But maybe I'm wrong, don't tell me to "read the white paper" cause if it takes 100 pages to tell me how this "technology" works, give me a fucking break. That's literally not simpler.

As far as I can see this is a bunch of nerds jacking themselves off pretending they are changing the world, when in reality they are in it to make a quick buck.

All these scams that plague this industry means that eventually when some actual useful thing comes out of this then people are going to shy away and be wary for a long time cause they already got burnt on crypto.

Think of all the ecommerce operations that coded the ability to accept buttcoin and then eventually dropped it cause buttcoin was unstable, kept increasing, and everyone was hoarding it. Hours and weeks of programming gone - got burnt, what's the likelihood they are going to try another crypto-crap-coin? 0.0%.
 

secretagentdad

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@CCarter
I'm providing 3rd party grifting advice in minecraft that I do not follow myself because I have some weird moralfag hangups but love the trading game.

The more winners we have here, the bigger our market effects will get so I'm trying to offer my bestest most earnest advice as early as possible in hopes of growing the community bankroll a bit.

If you'd followed my advice for thee and not for me you'd be doing amazing at grifting off this musical chairs game right now. (*grifting meaning making capital gains via trading not some riddle)


Foundationally I completely agree with you, but I think clown world has excluded so many people that even an inefficient network effect or appreciation pyramid represents the best hope a lot of people have so its the one they're going to take and its going to keep building momentum of its own as a result.

The consolidation of wealth is driving the creation of alternative paths. Even if they're not good ones, they still exist and become more traveled and established as people use them. Markets have a way of creating classes of unexpected winners when the need arises. I think the need has never been greater and look forward to following along with the situation as it shakes out in this thread.

Hopefully some community members can drop some bomb ass tips and advice for the ballzy gamblers with the stomach to win big and then invest it in more viable long term value adding plays like the web development projects the majority of this community focuses on.

We're a community dedicated to building web assets. If some of our members win big off of weird re-distributive trends, thats just more $ going to the vendors and the liquidation events here. Traders need assets with real tangible value, even if they made their float off winning a shell game that you morally or intellectually have reservations about.


Anyway Imma totally disagree with you even though my track record on that seems to consist of being mostly wrong.

I think this is the most important game of musical chairs ever and its going to impact everything. Even though I hate it and want to kick and scream about how unfair and immoral it is every step of the way.

See if you can find a way to put people in our ecosystems into the lucky winning chairs. Yeah positive sum games are better than shell games with questionable promises about future utility, but dis is where all the moneys at right here right now in reality. We need to find a way to hook the money train up to the things we want to see in the future. Step one is getting it into the hands of people likely to invest in things other than more arbitrage and appreciation.
 
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Yep, as you can tell - I am not ideologically tied to it.

I'm expecting to make high 6 figures in the meme world of DOGE in the next few months to year end.

Some will go into Bitcoin to hold and grow with interest as an "alternative" bank account.

Some will buy websites.

The rest will fund another 4-5 houses that will be rented out.

To actual people.

In the real world that we actually live in :wink:

And they will pay me rent in £ not BTC haha
 

NetZero

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The importance of decentralizing everything is huge. Just a small piece of the pie example is Parler app. I am a left winger, but I support freedom of speech for all and I disagree what happened to Parler. First they were cancelled by Apple store, then Google store. Then the final stake in the heart was Amazon AWS pulled them. DEAD. This is what centralized monopolies have the power to do in an instant cancel.

How do you fix that? WEB3.0 baby! We are in the dial up modem stage of this (300 baud). But, right now there is free storage available on the IFPS in which your files are on the system/nodes through cryptographic hash. This is the free example, a paid example is File Coin and this is where it gets interesting. Individuals/companies can make money storing the paid subscribers info on their SSD's (So much so, that there is a run on high capacity storage drives). This is what can compete with AWS/Microsoft/Google storage in the future.

We went through the DOT COM bubble, and only the strong survived. Right now the noise is with Memes taking all the news cycles, but the deep dive look into DEFI and WEB3 developments are where I am excited about the future.

$BTC = Collectible Digital Asset taking place of Gold
$ETH = World Economy - future advancements is EIP-1559 and ETH2 proof of stake, flipping BTC as the winner
$.... = World Money - I am closely following one in particular (not a stable coin) but will do a write up in near future once a couple milestones are met.

#DEFI Summer 2021
 
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I am a person who put $50k on Gold last spring and proceeded to watch literally else everything go up 5-10x except gold. I bet on "logic" of recession, overpriced assets, and inflation. None of that happened. I bet wrong. Or I was too early. Like, I could've literally chosen ANYTHING else. Cryptos. Stocks. Fucking anything. I would've 5-10x'd that money. But I bet on recession and "system collapse". Lost a lot of money with this "logical" strategy of mine that so many boomers would approve of.

Maybe I was betting on the wrong horse. Maybe cryptos are a bit of a revolution that is once in a lifetime and it's more like "get on board or GFTO". Looking back I just felt I was playing on the wrong team. Team rationale, team conservative, team boomers, team logic, team no innovation, team not making money.

Even after selling all my gold I still look back at the gold groups I followed and they are still jerking each other off going "yea Gold is the best!" despite horrrrrrrrrible market performance past 12 months. Beware of these kinda circle-jerks because they exist in every asset category there is. Try to assess things from a variety of viewpoints and don't get sucked into these echo chambers.

I own a pretty successful ecomm business. But WOW if I would've just thrown it in cryptos I probably would've done better. There's a little bit of me that is kinda pissed I work so hard on a real biz when I could've just invested everything in some fucking coin and could've 10x'd in 2020.

I think it's an interesting discussion to say "ok yea it doesn't make a ton of sense, but it sure does make money." I'd rather be stupid rich than smart "conservative" broke waiting for the market to be "logical".

Embrace and profit from the chaos! Just know when to get out?
 
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EyesExist

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I think it's an interesting discussion to say "ok yea it doesn't make a ton of sense, but it sure does make money." I'd rather be stupid rich than smart "conservative" broke waiting for the market to be "logical".

Embrace and profit from the chaos! Just know when to get out?

^ And this my friend is intelligence.

Some people are so smart, they are dumb. Think they know more than reality.
 
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Thanks China, just bought back into Bitcoin since its on sale.
 

CCarter

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I own a pretty successful ecomm business. But WOW if I would've just thrown it in cryptos I probably would've done better. There's a little bit of me that is kinda pissed I work so hard on a real biz when I could've just invested everything in some fucking coin and could've 10x'd in 2020.

I think it's an interesting discussion to say "ok yea it doesn't make a ton of sense, but it sure does make money." I'd rather be stupid rich than smart "conservative" broke waiting for the market to be "logical".
Hindsight is always 20/20. "I should of, I could of, bla bla bla". What's to say that if you switched from gold to crypto that the gold wouldn't have shot up and crypto dropped?

Do you have a crystal ball? If so what's going to "boom" in the next 3-4 months?

You're problem is you are looking at other people's plate and getting greedy/jealous cause they have XYZ profits - but from a different perspective, they don't have a successful eCommerce business so what happens when the profits dwindle and they got no revenue/income coming in? You've got a business they've got WallStreetBet Bros giving them financial advice on the next meme coin - how long can that last?

The grass is always greener, until you own that grass.

It's easy to look back and regret, but that's a loser's mentality. "If I had not sold my 100 bitcoins back in 2013 and got a job at McDonalds this whole time I'd be sitting on $5,000,000 in buttcoin profits." I could use that logic, but realistically I don't have a crystal ball.

And you guys are talking like you do.

There are people whining about "I could be a billionaire by now if I had held bitcoin" - Maybe, or maybe you are the catalyst for a drop, the second you buy then the whole thing tanks.

Going backwards in time and regretting is living in fantasy world. And the worse part is NOW you are susceptible to the next potential crypto-scam cause you'll think "If this is anything like Doge or buttcoin I'll get it", then you see a post about "ZAP" being hot, then your money gets Zipped then Zapped and boom now you'll regret even knowing about crypto.

Are you really saying that crypto profits are better than having a successful eCommerce operation? Remember for every 1 person claiming they are winning there are 999 that are too embarrassed to say they lost a ton of money, so if only the winners are shouting, and the losers are silent, it looks like everyone is winning.

At the end of the day you guys are free to do whatever you want. But this shit ain't "business", this is "quick cash" on pump and dump schemes.
 

EyesExist

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Thanks China, just bought back into Bitcoin since its on sale.

You're bold.

I feel like US money and eventually Euro money will push against BTC b/c of China's big hold on it. But GOOD LUCK!

With China BANNING financial institutions from using it, def jut got uglier

I think ETH is going to grow big time and Doge is on course to do something wild
 
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You're bold.

I feel like US money and eventually Euro money will push against BTC b/c of China's big hold on it

With China BANNING financial institutions from using it, def jut got uglier

I think ETH is going to grow big time and Doge is on course to do something wild
Already bouncing :wink:

The thing with this China news is that it is not NEW news. So even with a ton of FUD today the worst we could hit has been revealed. All in, a positive indicator over the long term.

Come at me China.
 

EyesExist

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Already bouncing :wink:

The thing with this China news is that it is not NEW news. So even with a ton of FUD today the worst we could hit has been revealed. All in, a positive indicator over the long term.

Come at me China.

That was def some FAST MONEY Lol
 

secretagentdad

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GugugugufuacVzjzmdjdhzebx

Missed the chance to buy back doge.
 

EyesExist

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^ credit of @secretagentdad

Edward Snowden says ZCash has more privacy than Monero and Crytpo isn't private enough yet at all