I'm up 600x on HEX. You hear stories like this happening to a friend of a friend, but you don't think it'll happen to you. Unreal lol

On 6/11/2021 at 12:16 PM, DaEagles4Life said:

 

 

18 minutes ago, mattmcginley7 said:

I'm up 600x on HEX. You hear stories like this happening to a friend of a friend, but you don't think it'll happen to you. Unreal lol

 

Why did you invest in HEX initially? 

6 minutes ago, Paul852 said:

Why did you invest in HEX initially? 

The creator of it I was already following on YouTube for years to learn about crypto. I think he is extremely intelligent and laid out the case why HEX is smart; it maximizes the monetary game theoreticals of money. 

For example, in Bitcoin, miners (up until recently) would sell their Bitcoin to cover electricity costs and some would sell it all and be happy just to have a small passive income. So there exists a constant selling pressure 

In HEX, if you want to earn more (you don't have to stake), there is only staking to validate the network so there are no miners, which forces the exact opposite; people literally can't sell, unless they want to incur a penalty. But the trade off of earning extra HEX makes everyone want to hold 

If there is less people staking, or more people selling, or there is less adoption, then those who stake earn a higher percentage 

I just felt like that makes sense and there was virtually no way I could lose and obviously the upside was enormous. But I never thought it would happen this quickly 

Think we might be in for a rough next few months 

1 hour ago, DaEagles4Life said:

Think we might be in for a rough next few months 

Crypto is going to be very volatile for a while. It’s speculation, and it’s going to take time to see the end game play out if you’re a "HODLer.”

 

On 6/25/2021 at 8:44 AM, DaEagles4Life said:

Think we might be in for a rough next few months 

2017 summer was like this too. Good time to dollar cost average in imo 

On 6/15/2021 at 3:07 PM, mattmcginley7 said:

The creator of it I was already following on YouTube for years to learn about crypto. I think he is extremely intelligent and laid out the case why HEX is smart; it maximizes the monetary game theoreticals of money. 

For example, in Bitcoin, miners (up until recently) would sell their Bitcoin to cover electricity costs and some would sell it all and be happy just to have a small passive income. So there exists a constant selling pressure 

In HEX, if you want to earn more (you don't have to stake), there is only staking to validate the network so there are no miners, which forces the exact opposite; people literally can't sell, unless they want to incur a penalty. But the trade off of earning extra HEX makes everyone want to hold 

If there is less people staking, or more people selling, or there is less adoption, then those who stake earn a higher percentage 

I just felt like that makes sense and there was virtually no way I could lose and obviously the upside was enormous. But I never thought it would happen this quickly 

This dude was just on an episode of around the blockchain on the bitboy channel on YouTube... He's a character thats for sure... It would be interesting to watch him and Michael Saylor debate thats for sure... To be honest I didn't exactly care for his personality... He kind of came off as a look at how much money I have kind of guy 

20 hours ago, Aspiritfall said:

This dude was just on an episode of around the blockchain on the bitboy channel on YouTube... He's a character thats for sure... It would be interesting to watch him and Michael Saylor debate thats for sure... To be honest I didn't exactly care for his personality... He kind of came off as a look at how much money I have kind of guy 

Some of his crypto takes I disagree with, but in general I think he's been great. I think he's getting too harsh on anything not HEX, so it's important to properly contextualize he does like Bitcoin and Ethereum, he just likes HEX the most

7 hours ago, mattmcginley7 said:

Some of his crypto takes I disagree with, but in general I think he's been great. I think he's getting too harsh on anything not HEX, so it's important to properly contextualize he does like Bitcoin and Ethereum, he just likes HEX the most

Yeah I mean I get it and I can understand where he's coming from except I don't know a whole lot about the crypto space myself... It was definitely an interesting show... All the guests didn't really seem to know how to respond to him and the guy from altcoin daily was the only one to ask him questions about hex and peoples concerns with it who feel its a scam... The host and Ben/bit boy you could tell they were texting each other about him during the show 

 

18 hours ago, Aspiritfall said:

 

I rewatched, and I want to mention a few things as someone who has listened to Richard over the last 5 years 

I think Richard has recently become overly cynical and critical about Bitcoin and Ethereum because he has two different projects competing with it. This is fine if you understand his motivation, but it's important to remember that he actually likes both 

"people only care about the price going up." No doubt that people care about storing and saving their wealth in something that is designed better than dollars. It's no competition.

That said, there are very very real use cases with Bitcoin and Ethereum that he kind of diminishes. Getting around remittances with Bitcoin in poor countries has been life changing for so many people. Countries experiencing hyperinflation or even just inflation have a safer and more dependable store of value, although Richard might classify that as "people only care about price going up" 

The ability to hold your money and value offline without anyone able to know or confiscate provides the highest level of property rights to people in history 

Eventually, when central bank digital currencies roll out, crypto will protect you from the BS they plan to do with theirs that will violate your privacy, your sovereignty, your value, and whatever other absolutely nefarious idea they have (like a time limit on spending "your" money)

All my noob friends are sitting on the sidelines not buying. The interest even in this thread has reached a recent low. The China FUD is pretty much over. Miners from on chain analysis are once again holding the coins they mine instead of selling 

My (biased) take is this fall and winter is about to be insane. 8 straight weeks we've held 34k with the most FUD and negativity I've ever seen.. And we're printing like crazy. People aren't going to be coming here? Yeah f'ing right 

HEX new all time highs, up 30% today lmao

I'm up over 1000x on HEX now

 

Amazon apparently will be accepting Bitcoin and Ethereum by the end of this year. Price just nearly hit $40k

 

We're back. This fall is going to be insane 

1 hour ago, mattmcginley7 said:

Amazon apparently will be accepting Bitcoin and Ethereum by the end of this year. Price just nearly hit $40k

 

We're back. This fall is going to be insane 

You had the same type of price action back in June. Money flow has been trending down for months. Don't get attached to this short squeeze. You could be right, but it's too early to say "we're back."

10 hours ago, TEW said:

You had the same type of price action back in June. Money flow has been trending down for months. Don't get attached to this short squeeze. You could be right, but it's too early to say "we're back."

"every summer is the same"

I remember it being almost exactly like this in 2017. I think we're climbing back up. Maybe not immediately and we now float between 35-40k, but soon 

 

1 minute ago, mattmcginley7 said:

"every summer is the same"

I remember it being almost exactly like this in 2017. I think we're climbing back up. Maybe not immediately and we now float between 35-40k, but soon 

 

Like I said, you could be right, but I wouldn’t bank on it at this point. Seems like we’re bouncing around between $30K and $40K with downward trending money flow.

Historically, for every correction followed by new ATH’s, you can find a dead cat bounce where people lose their shirt.

Best thing to do is forget about the short term and wait for the speculative position to play out. You’re getting all the volatility of an option without the time decay. That’s the advantage, so use it.

 

Amazon launching their own crypto would be too on the nose, and basically cement their status as E-corp. Fans of Mr. Robot know the reference.

When Eth was at $1800 a couple weeks ago, I should have bought more.  I have been watching ever since and there is no dip to buy.

What are your guys thoughts on the crypto regulation being talked about? I'm not sure what to make of it myself 

4 hours ago, Aspiritfall said:

What are your guys thoughts on the crypto regulation being talked about? I'm not sure what to make of it myself 

It is inevitable 

29 minutes ago, vikas83 said:

It is inevitable 

I know it's inevitable and I can understand having to paying taxes on capital gains but is this something we should be worried about? I mean I fully expect the government to f it up... I would think regulation would be a good thing in some form of way but is there a risk of it killing crypto? At this point with how many institutions and large companies have bought bitcoin I can't see it going away... I just don't know what to make of regulation