June 16, 20224 yr LOL https://nypost.com/2022/06/16/elon-musk-sued-for-258-billion-over-dogecoin-pyramid-scheme/?utm_campaign=SocialFlow&utm_medium=SocialFlow&utm_source=nypbusinesstwitter
June 16, 20224 yr 1 hour ago, Kz! said: Trying to move away from the "scammer persona" by "launching a collection of NFTs?" That's like trying to move away from a gay persona by starting to root for the Dallas Cowboys. It's a hi-res warholization of her quim
June 17, 20224 yr 2nd run at dropping under 20k in the last 48hrs stops just short. Today could be the day.
June 17, 20224 yr 3 minutes ago, DrPhilly said: 2nd run at dropping under 20k in the last 48hrs stops just short. Today could be the day. I think it bounces between like 20 and 23 for a bit before the next capitulation.
June 18, 20224 yr 6 minutes ago, we_gotta_believe said: Bouncing between 20 and 23, just as predicted There is zero resistance for crypto now. I wouldn't be surprised if it lands somewhere around 12k.
June 18, 20224 yr 6 minutes ago, The Norseman said: There is zero resistance for crypto now. I wouldn't be surprised if it lands somewhere around 12k. Clearly going sideways for a while just like we did from May to June
June 18, 20224 yr 6 minutes ago, we_gotta_believe said: Clearly going sideways for a while just like we did from May to June How is a near 40% decline moving sideways?
June 18, 20224 yr Just now, The Norseman said: How is a near 40% decline moving sideways? Read back a few posts. I'm mocking the arm chair crypto sages. And to be clear, I'm an advocate of the technology, have been for years, but anyone who thinks they have a clue of its short-term trajectory (up or down) is naive in my view. Over the long-term like 5-10 years? Yeah I think it's likely to increase in value, but I also don't think anyone should be investing significant allocations of their portfolio in it.
June 18, 20224 yr At 19k right now , down 12% since Wed We are probably getting close to bottom for this time around in any case
June 18, 20224 yr 19 minutes ago, DrPhilly said: At 19k right now , down 12% since Wed We are probably getting close to bottom for this time around in any case Are we?
June 18, 20224 yr 14 minutes ago, Boogyman said: Are we? Who knows? That is my guess anyway, pure guess.
June 19, 20224 yr It actually dropped below 18k yesterday for a brief moment. So who thinks it is going to zoom up again and set a new high over the next 12 months?
June 19, 20224 yr Bitcoin - and all cryptocurrencies - are going to zero. It won't be a straight line there, but a bitcoin has no intrinsic value. In earlier times, money was either something of immediate value (salt, wheat) or scarcity (conch shells, gold, silver). Something of value you could trade for something of value. Commodity money doesn't scale well, so governments moved to representative money. Coins and bills, backed by gold or silver and guaranteed by the government. The US backed its currency with silver until 1964. Now the value of the dollar is found in your trust in the US government. Crypto "value" is based solely on faith and perception. No person or organization stands behind it, and it has no intrinsic value. It rose to dizzying heights in true bubble fashion. There may be a future for blockchain, but there is no future for faith-based money.
June 19, 20224 yr Author 9 hours ago, TomatoPie said: Bitcoin - and all cryptocurrencies - are going to zero. It won't be a straight line there, but a bitcoin has no intrinsic value. In earlier times, money was either something of immediate value (salt, wheat) or scarcity (conch shells, gold, silver). Something of value you could trade for something of value. Commodity money doesn't scale well, so governments moved to representative money. Coins and bills, backed by gold or silver and guaranteed by the government. The US backed its currency with silver until 1964. Now the value of the dollar is found in your trust in the US government. Crypto "value" is based solely on faith and perception. No person or organization stands behind it, and it has no intrinsic value. It rose to dizzying heights in true bubble fashion. There may be a future for blockchain, but there is no future for faith-based money. Nice. I bought more
June 20, 20224 yr Speaking of financial scams, can anyone explain NFTs to me in a way that doesn't make them sound like the world's dumbest con? Why are you paying so much money for a certificate for a picture of a monkey smoking a cigar?
June 20, 20224 yr 4 minutes ago, DEagle7 said: Speaking of financial scams, can anyone explain NFTs to me in a way that doesn't make them sound like the world's dumbest con? Why are you paying so much money for a certificate for a picture of a monkey smoking a cigar? NFTs are kinda stupid if you ask me. You have to have a major boner for "digital art" to appreciate the purpose they serve. Basically, it's the "original" work of digital art that can't ever be duplicated without differing from the original in its signature. Think of it like the original Mona Lisa vs any replica you may have seen. To the untrained eye, a replica might look exactly like the real thing, but people still fork over massive amounts of money to travel to Paris to see the real thing. It's kinda like that, but way dumber because this is just some piece of garbage art from a rando that has no real meaning or history behind it.
June 20, 20224 yr Author 41 minutes ago, DEagle7 said: Speaking of financial scams, can anyone explain NFTs to me in a way that doesn't make them sound like the world's dumbest con? Why are you paying so much money for a certificate for a picture of a monkey smoking a cigar? https://youtu.be/DlNDYMNJ5zQ The jpegs are dumb. NFTs will be much much more
June 22, 20224 yr So, this notification on my mobile that says, "Bitcoin is down"... Is that "down" like Downtown Julie Brown? Down like Costanza "I'm Down"? or down like I'm out 500 quid of good money after bad for three years?
June 22, 20224 yr On 6/20/2022 at 10:25 AM, DEagle7 said: Speaking of financial scams, can anyone explain NFTs to me in a way that doesn't make them sound like the world's dumbest con? Why are you paying so much money for a certificate for a picture of a monkey smoking a cigar? The value they provide can be in the perks they carry. For instance, one NFT might be able to let you mint (get first dibs on) other NFTs, all of which could appreciate in value. Or, alternatively, they could get you real world perks. For instance, The Kings of Leon sold some NFTs which come with lifetime passes to every concert they play anywhere in the world, backstage passes, etc. So for a super fan, it’s pretty neat, and a collectible with perks and resale value. There are some out there but interesting applications for finance, but there are two big hurdles: legal/regulatory compliance and asset recovery. Things like music rights could possibly be put into an NFT. Again, doubt we ever get to that point because of real world issues, but that’s what the NFT people would use to hype the technology.
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