Crypto: GET OUT RIGHT NOW

originally posted by: DerBeobachter

Simply because i believe only in physical stuff and not in 0`s and 1`s in the web.
Cheers

And I keep hearing "rolling blackouts" from elite-type folk so prescient that they do full walkthroughs of upcoming events right before they happen and sometimes while they are happening. That alone could present various problems for our digital world.

I don't blame enthusiasts for giving it a go however as long as they are diversified. It's possible it will be the savior of some.

On paper it has the potential to do good things. Then again, crypto does face various challenges and depending on how the current "economics" plays out it might just get it's chance to shine. If it's ready for that at this stage of its infancy.

I'm with you DerB.

Whatever Jim Cramer says to do, do the exact opposite. He pushed a buy on SVB just about a month ago.

originally posted by: The GUT

originally posted by: DerBeobachter

Simply because i believe only in physical stuff and not in 0`s and 1`s in the web.
Cheers

And I keep hearing "rolling blackouts" from elite-type folk so prescient that they do full walkthroughs of upcoming events right before they happen and sometimes while they are happening. That alone could present various problems for our digital world.

I don't blame enthusiasts for giving it a go however as long as they are diversified. It's possible it will be the savior of some.

On paper it has the potential to do good things. Then again, crypto does face various challenges and depending on how the current "economics" plays out it might just get it's chance to shine. If it's ready for that at this stage of it's infancy.

I'm with you DerB.

Its whale watching you put you 50 million in, flap your tail and get out before the other whales.
But they have AI that can spot the patterns better now.
And if new money millionaires feeding on crypto krill find out they have unlimited FDIC insurance, that might change their risk appetites.

a reply to: TheLieWeLive

I wonder what else are we being distracted from.

Maybe it's time to revisit that thread where some long standing, good connected members made a prediction for this time of the year... Last fall already....

I will go search that thread now... I think it was RATS.

originally posted by: Ravenwatcher
If you didn't get in crypto in the beginning then its a worthless venture I've tried no profits at all , The only way to make money with crypto now is if you have money a lot of money to buy in .

There's something new I'm looking into and that's AI it's in its infancy but shows unlimited earnings with the right programs .

Why does this make crypto sound like a classic "Ponzi Scheme"?

Why does everyone "hate the rich Elite"....

But are always trying so hard to become Them?

a reply to: Mantiss2021

Why does this make crypto sound like a classic "Ponzi Scheme"?

It did not bode well regarding the price of GFX cards if memory serves. Grrrr.

Why does everyone "hate the rich Elite"....

Probably depends on what you mean by rich but probably because people tend to want what they don't have and covert power and prestige for the most part.

But are always trying so hard to become Them?

The real question is what are "they" trying to become?

Considering they already have everything in abundance, bar immortality, and have yet to devise a means of taking their monies with them.

originally posted by: Antisocialist
Whatever Jim Cramer says to do, do the exact opposite. He pushed a buy on SVB just about a month ago.

I hate that guy.

a reply to: Mantiss2021

Don't listen. In 2020 I started to daytrade with 50€ start capital in early 2020, lost 15€ due to a mistake, had 35€ left. I had LTC but started fresh to not have to touch the LTC that I HODLD` (held onto it). A few month later before it crashed around Easter in 2020 I cashed out. I bought myself a Porsche Taycan and an AWD dyno for my shop after cashing out.

Everytime I hear or read advice like from the poster you replied too, I think of the Taycan and the AWD dyno and smile.

I just smile, nod friendly and rub it under their nose.

a reply to: TDDAgain

Per "Car&Driver" magazine the MSRP on a 2020 Porsche Taycan was between approximately $152,00 - 186,000 USD.

Current Kelly Blue Book (KBB) estimated value is approximately $85,000 -$86,000 USD.


I hope you did better on the AWD dyno.

a reply to: Mantiss2021
These numbers are wrong. Actually the Taycan is worth more currently, as I have offers from Porsche and some private persons that top what I paid for it

There are certain Porsche models that make you 100k richer the moment you buy them, no joke. There are certain Porsche models you can not buy no matter how much money you already have. Because of that reason, if you didn't buy any Porsche before. You got to be a long standing customer to get such models. Because it will make you rich no matter what. Now, the Taycan isn't one of these currently but it will be. And I have offers from Porsche and private persons, because currently it's hard to get one.

If I sell now, I made money on top of it, even though I already drove 60000km with it.

That's the reality

Your quote does not specify the model and conveniently, there is the low tier model that costs around 85,000$. There are several versions of the Taycan. I got the top tier model. Believe me when I say I am fine and more than happy and will not sell the car.

As for the dyno, it's a gold mine, really. If I could, I would do dyno Fridays every Friday.

a reply to: KSDakar01

I bought Bitcoin at $1000.

Im good wherever it goes

unfortunately, i am quite poor to get into crypto, so i guess i'm going to ride everything to the end

a reply to: KSDakar01

Gareth Soloway who makes unlimited predictions then highlights the one or two that are correct?

Soooooo...what about AMZ then. I wouldn't mind a little ground floor diversification if it sounds like it has legs. Experts?

Better check this out people:

OPERATION CHOKE POINT

youtu.be...

Crypto was always meant to destabilize the market so we could ultimately go to a digital data miner that's all AI managed.

Everyone fell for this get rich digital lotto. It became part of the banking system. HOW?

Think about it.

Remember the Ron Paul 2012 days? People minted gold and silver coins in favor of old Ronnie. What happened?

They got shut down and their precious metals confiscated.

Why not Bitcoin? It was a form of currency. People were actually using it. It caught on. It gained steam. Everyone jumped on the wagon. It was OBVIOUS money laundering. People were buying Super Cars with them. Houses. You name it. We have bitcoin and other crypto machines in your corner gas sations.

...and it's still not regulated? Whaaaaaa?

This was the biggest money scam of the century and not one single government agency, not one single non-government agency (cough *IRS* cough) salivated once!

There might have been a congressman or someone somewhere that might have said something to the wind like "oh no... we need to audit these people" to get a little bit of money. But by and large, so much evasion going on, so much laundering going on... You can't track this stuff.

And it's perfectly ok in much of the world. Except? China.. Saudi.. Qatar.. (likely china's next ally).

Oh that old dirty dragon... But no one still knows without a doubt, the identity of Satoshi Nakamoto.

But why would we allow it? Why would the US just blatantly allow this in the markets, to pervert the dollar, to muddle the waters knowing full well it could destabilize an entire market when the entire market is using this currency based on IMAGINATION.

C'mon, we're not this stupid. We can run a whole country, a world of people. We can have a "federal" reserve that can have fingers in the entire world market, raise and lower rates to control populations and the wealth of mankind... but they can't see that computer monopoly money can't destabilize a world economy?

Guess who's economy wont be ruined?

China, Saudi, Qatar... that's about it.

a reply to: DerBeobachter

Yet you believe in the physical value of stacks of paper as a trade vehicle in a digital age.

originally posted by: Timber13
Remember the Ron Paul 2012 days? People minted gold and silver coins in favor of old Ronnie. What happened?

They got shut down and their precious metals confiscated.

Well, since this is simply not true, I don't see any reason to read any further, but I'll comment on your next one too...

Why not Bitcoin? It was a form of currency.

It still is, the only true permissionless private currency that any two private parties can use whenever t hey want.

People were actually using it.

They still are.

It caught on. It gained steam. Everyone jumped on the wagon.

It is still catching on, gaining steam, and more and more are jumping on the wagon every day.

It was OBVIOUS money laundering.

Sure it can be used to launder money, but no more or less than any other money maundering tool.

...and it's still not regulated? Whaaaaaa?

The regulations are coming. Bitcoin will be declared a commodity/asset, all of the other cryptos will be declared unregistered securities, and when that happens, 99.9% of them will immediately die (or go offshore and be relegated to tiny niche markets that may hang around for a while longer).

There are 2 - Eth and XRP - that might, just might also be declared commodities/assets and not securities, but it looking more and more unlikely, as the NY AG alleges Eth is a security in the KuCoin lawsuit.

a reply to: tanstaafl

Well, since this is simply not true, I don't see any reason to read any further, but I'll comment on your next one too...

Your first problem was, you didn't even bother to look it up. Your second problem was thinking that I care to go beyond your first problem.

Source

But I have to thank you for one thing. My memory wasn't the greatest so I couldn't remember which happened first. So grabbing a link for a lazy person, I discovered my original thought, which I didn't mention because I wasn't quite 100%, was that this issue came before bitcoin so that strengthens my point.

You just go back to being you.


It's silly that I had to play your game and revert to a smart@ss retort.

originally posted by: andy06shake
a reply to: KSDakar01

Tether, which is ran by a bunch of criminals

Not to nitpick but technically bankers are pretty much criminals in suits who just happen to own or lobby our lawmakers and politicians.

For the first time, I’m going to agree with you.