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Post by code on Sept 3, 2022 17:42:26 GMT
I am looking into investing in some crypto, and are using this thread more as a personal notepad, but comments and posts are welcome.
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Post by walnut on Sept 4, 2022 2:04:33 GMT
I can see a valid need for cryptos. But I still can't bring myself to get involved yet.
A friend of mine lost about $400k on dogecoin. And he accessed his wallet the other day by bluetooth, was hacked, and had $18k stolen from his account.
Just before he bought the Dogecoin I asked him: Are you SURE you want to do this??
Now is the time to buy good quality large-cap growth stocks. My .02
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Post by code on Sept 8, 2022 0:57:13 GMT
I can see a valid need for cryptos. But I still can't bring myself to get involved yet. A friend of mine lost about $400k on dogecoin. And he accessed his wallet the other day by bluetooth, was hacked, and had $18k stolen from his account. Just before he bought the Dogecoin I asked him: Are you SURE you want to do this?? Now is the time to buy good quality large-cap growth stocks. My .02 I hope your friend was using money he could afford to lose...Ouch!
Crypto is a hobby fantasy, kinda of like a pleasant dream, you know the one.
A more down to earth fantasy is my interest in basic commodities like oil. I was talking with a friend whose wife is from Pakistan about the terrible flooding that has happened and the harm and loss to so much of the countries agricultural production. Iread today the F-35 production line has been shut down because the plane uses rare metals from China and the government is trying to find alternative sources.
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Post by walnut on Sept 8, 2022 2:11:36 GMT
I can see a valid need for cryptos. But I still can't bring myself to get involved yet. A friend of mine lost about $400k on dogecoin. And he accessed his wallet the other day by bluetooth, was hacked, and had $18k stolen from his account. Just before he bought the Dogecoin I asked him: Are you SURE you want to do this?? Now is the time to buy good quality large-cap growth stocks. My .02 I hope your friend was using money he could afford to lose...Ouch! No, he really could not afford that. He is in a divorce battle, and his wife and her lawyers are convinced that he's very very rich. He is not though. He's been getting absolutely hammered from different directions. |
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Post by walnut on Sept 8, 2022 2:15:55 GMT
I can see a valid need for cryptos. But I still can't bring myself to get involved yet. A friend of mine lost about $400k on dogecoin. And he accessed his wallet the other day by bluetooth, was hacked, and had $18k stolen from his account. Just before he bought the Dogecoin I asked him: Are you SURE you want to do this?? Now is the time to buy good quality large-cap growth stocks. My .02 I hope your friend was using money he could afford to lose...Ouch!
Crypto is a hobby fantasy, kinda of like a pleasant dream, you know the one.
A more down to earth fantasy is my interest in basic commodities like oil. I was talking with a friend whose wife is from Pakistan about the terrible flooding that has happened and the harm and loss to so much of the countries agricultural production. Iread today the F-35 production line has been shut down because the plane uses rare metals from China and the government is trying to find alternative sources.
Open an account at Interactive Brokers and you can buy commodities futures on margin. You don't really need an advisor to help you lose money, online trading makes it very easy lol.
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Post by shaggy on Sept 9, 2022 11:54:31 GMT
If you are going to dabble with crypto, dont dabble with the Sh*tcoins, or the altcoins as they are known.. Dogecoin is a memecoin. Jumped on by people just follow fads. Stick with BTC, ETH and the top 10 cryptos.
If you are going to trade then go with a reputable exchange that you can use 2FA on. Always have 2FA, never share your account detail or 2FA info with anyone. If you are not trading, just buying for long term hold, get a cold offline wallet, or use ledger. Have the recovery phrase written on paper and stored safe. Never reveal it to anyone.
I use metamask, binance and crypto.com exchange. I have been using for 6 years. With binance i have 2fa and a google key to protect the account. Everything is backed up in a safe place.
If you do want to get involved, now is the time. money initially enters BTC and we get lift off (just after a BTC halving due to take place in 2024), then the money moves into Eth and to top altcoins followed by the lower altcoins before exiting into Fiat. Once the market cools the money enters BTC again.
Thats my 2 penneth worth of 6 years of buying, selling, holding. Still not got a lambo, lost investments in schemes (invictus capital anyone?), but i am still in profit overall and now waiting for another halving even whilst investing in various tokens...
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Post by walnut on Sept 9, 2022 12:19:26 GMT
Another halving?
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Post by shaggy on Sept 9, 2022 23:02:14 GMT
Btc mining rewards are fixed for 4 years. Every 4 years the rewards drop by half, known as a halving. When this occurs, in the past anyway, excitement builds and the price rockets.
I recommend rekt capital on twitter to look at and gain some insight.
I also recommend if you dabble to keep all info to your wallets safe and away from prying eyes. Do not, I repeat, do not allow access to anyone to your wallets or share keys - oh and do not be fooled into sending btc to unlock or recieve larger amounts of btc.
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Post by code on Nov 16, 2022 19:49:06 GMT
FTX is currently unable to process withdrawals. We strongly advise against depositing. Deposits of TRX, BTT, JST, SUN, and HT are disabled.
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Post by glennkoks on Nov 16, 2022 23:27:29 GMT
Is anyone surprised? An unregulated industry running amok with investment from youngsters who have never experienced a tough economic period? Every nation on earth that prints it's own currency has a vested interest in seeing these crypto currencies fail. I'm not bucking those odds...
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Post by walnut on Nov 17, 2022 2:00:53 GMT
Cryptos don't "do" anything. I like stocks which promise a share in earnings, or at least commodities which have a genuine use in business. It's another tulip mania, and nothing but current interest supports the values of the various "flavors". I have little interest in cryptos myself, they just don't tick enough of my boxes. Not to mention all the lost passwords and hacks that I keep hearing about. Way too ethereal for me.
I'd like to see cryptos succeed as a store of value and come into usage in commerce, but I think that we are still fairly far from that today.
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Post by walnut on Nov 17, 2022 20:20:00 GMT
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Post by missouriboy on Nov 17, 2022 22:54:49 GMT
They're right. He doesn't look so good. |
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Post by blustnmtn on Nov 22, 2022 13:05:01 GMT
Sanity as always from V.D.H.- “How does the most sophisticated financial system in the history of civilization allow a virtue-signaling nerd to nearly wreck it? Where were the Federal Trade Commission, the Department of Justice, the IRS, and all the other alphabet soup agencies that supposedly exist so that someone like Bankman-Fried does not? Where is Merrick Garland and his special prosecutors, the FBI with its televised SWAT swoops and leg irons?” amgreatness.com/2022/11/20/the-strange-morality-of-the-bay-area-billionaire-left/ |
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Post by walnut on Nov 22, 2022 13:32:02 GMT
Sanity as always from V.D.H.- “How does the most sophisticated financial system in the history of civilization allow a virtue-signaling nerd to nearly wreck it? Where were the Federal Trade Commission, the Department of Justice, the IRS, and all the other alphabet soup agencies that supposedly exist so that someone like Bankman-Fried does not? Where is Merrick Garland and his special prosecutors, the FBI with its televised SWAT swoops and leg irons?” amgreatness.com/2022/11/20/the-strange-morality-of-the-bay-area-billionaire-left/Can you believe that FTX never had to register with the SEC? It boggles the mind. Even tiny operations have to register, and also have to file with each state that the company has investors from.
"Because FTX's Bahamas-based parent company never registered with the SEC or the Commodity Futures Trading Commission — and spent tens of millions of dollars on a Washington influence campaign to fend off any argument that it was required to do so — FTX's internal operations were never scrutinized like Wall Street banks"
They threw Martha in prison just because someone told her she probably ought to sell. But these crypto scandals are in a class by themselves. Almost seems like something nefarious has been going on.
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