Crypto Currency

Discussion in 'West Mall' started by AC, Mar 25, 2020.

  1. matt8209

    matt8209 100+ Posts



    Or put it in a proof of stake like band protocal that not is only going up it pays 17% to stake your coins. welcome to the new divenend reinvesting program that will bring returns in light speed..
     
  2. matt8209

    matt8209 100+ Posts

    and finally, if you are very hesitant to putting money in bitcoin its understandable. check out the C20. It is the first fully tokenized crypto index fund of the top 20 by market cap. will give you exposure to the top coins. there is alot of junk up there now that will be falling away very shortly as the new breed of projects emerge and race to the top. i it is so revolutionary, that technically the token can trade to zero on an exchange, however, you are entitled to the underlying value of the crypto in th token so that is impossible. it was out a couple years before its time. good luck.
     
  3. matt8209

    matt8209 100+ Posts


    in the eth narriative is the cosmos blockchain and soon to be cardano. cosmos has a few projects and will be tapping into the huge network effect of eth that every chain must have or they are dead. any talk of the next eth killer, i would not take them seriously. they are going work with eth, or die as eos is doing right now. that being said, a new platform, polkadot launching is going to be a big player in eth network ecosystem, keep your eye on it. there alrady a couple unknown plays that will benefit from this interoperabiltiy. I think RING, and LOOP are the two that are expected to benefit from providing this necessary bridge. Do your own dd, this is what i see and hear in this space.
     
    • Like Like x 1
  4. iatrogenic

    iatrogenic 2,500+ Posts

    EEp , opp, ork, ah-ah

    Jumbledy, mumbledy, gibberish, boo

    How to have your *** handed to you and not even know how it happened.

    Welcome to crypto currency and its flashy lingo. All hat and no horse sans the hat.
     
  5. AC

    AC 1,000+ Posts

    You must be younger than me Matt. Love your enthusiasm! I am excited I agreed on a contract today for my first Bitcoin ATM but you can buy any Altcoin as well. We buy and sell both. www.neutralatm.com. Site goes live week after next!
    We will be installed at Texas Gun Club in Stafford week after next. Looks like my second location will be Fish City Grill or maybe Baker Street Pub. Baker Street has locations all over the state. Adopt Bitcoin soon while it is still affordable!
     
  6. matt8209

    matt8209 100+ Posts

    1.turkey
    2. china
    3. lebanon
    4. venezuala
    5. zimbabwe
    *6. soon to be The United States.

    The tired "but nothing is backing bitcoin, the us government backs the dollar.

    that hoax argument comes crashing down very soon just like in the above countries. Full faith and Credit of the United States? OK
     
    • Like Like x 1
  7. matt8209

    matt8209 100+ Posts


    Here is how to have your *** handed to you in cypto.
    1. Read about it in july 2012 and buy 2000 from mt gox exchange in japan at siightly over $4.00 each.
    _ listen to negative people call it a ponzi scheme for 8 years.
    watch the fed print like no tomorroow.

    2. see ethereum in 2017 and see that projects can be built on the chain. hmm. stack under $10.00.

    i got crushed when mt gox was rippped off from an inside job. but to say i am going to lose because it is a flawed concept or some other narriative is silly. when the cancel culture comes for your gold and silver good luck. every major institutional bank is backing digital assets and there are still holdouts. unreal.
     
    • Winner Winner x 1
  8. matt8209

    matt8209 100+ Posts

    im not here to argue or conviince people. i am pretty dialed into defi and the current events. i will post occasionally. please come back and post when the cap hits a trillion later this year.
     
  9. AC

    AC 1,000+ Posts

    The cap?? Explain please.
     
  10. iatrogenic

    iatrogenic 2,500+ Posts

    If you truly believe, you have no reason NOT to put all of your money in Bitcoin. Then borrow money and put it in Bitcoin. Then sell all of your belongings and buy Bitcoin. Buying ATMs to dispense Bitcoin is a fools errand when you can actually buy Bitcoin and become zillionaires. Its like buying stock advice from guys that have all of the answers. If they really had the answers, why would they tell you when they can scoop up the profits for themselves? Put your money up and find out if you end up with a Royal Flush, or just another hand you should have folded after the deal. I mean, the risk reward is acceptable, right?
     
  11. AC

    AC 1,000+ Posts

    I don’t borrow money. I have Gold,Silver, BTC, Art, RealEstate. No stock. I sold my last company. What business are YOU in? Real Estate?
     
  12. iatrogenic

    iatrogenic 2,500+ Posts

    Given your enthusiasm for Bitcoin, why not put everything you own in it? Risk, right? What is that risk? Analyze it, define it, estimate its possibilities. Can it be avoided? Not if you own it. Can it be transferred? No. There are no insurance contracts that pick up the loss. Can it be mitigated? Yes, just buy a little so it doesn't crush you.

    Look at the Bitcoin market cap versus the market cap of all other crypto currencies. There is literally nothing stopping other companies from having the exact same product, essentially, under a different name. Yes, Bitcoin is first and is the market leader, but their product differentiation ends there to the average Joe that will determine the success of any product.

    Instead of a single governmental entity printing an endless supply of money, we have hundreds (eventually thousands) of people "printing" Bitcoin or its suitable alternatives.
     
  13. AC

    AC 1,000+ Posts

    When My coins are worth Millions. I’ll give you some sats. I promised some to my employees. It is a gift to be shared with others. I’m not a hoarder. I see Bitcoin as an equaliser for mankind.
     
  14. iatrogenic

    iatrogenic 2,500+ Posts

  15. matt8209

    matt8209 100+ Posts


    Total market cap of crypto. There are obviously many shitcoins out there that willl definitely go to zero. there will be huge winners like the microsofts and apples of crypto and losers that go to 0. its fairly certain that btc and eth are likely 2 of the big winners.
     
    • Like Like x 1
  16. matt8209

    matt8209 100+ Posts

    latrogenic,

    i have a serious question. without reading all these posts are you skeptical of crypto or cynical?
     
  17. iatrogenic

    iatrogenic 2,500+ Posts

    It doesn't matter. What matters are the facts. Neither you nor AC or any other poster addresses the problems with Bitcoin. All I see are carnival barkers making unsubstantiated, unrealistic claims of excessive returns and great riches.
     
  18. AC

    AC 1,000+ Posts

  19. AC

    AC 1,000+ Posts

  20. AC

    AC 1,000+ Posts

    I reposted the stock to flow model. No coin but Bitcoin halves every four years like Bitcoin. As Dion pointed out before. Several have tried to copy this from Bitcoin and failed miserably, hence shitcoins. Miners are very profitable in Bitcoin it has investors, huge number of participating miners and EVERY 4 years its supply cuts in half! People investing in Bitcoin make money while investors in shot oins lose their money and coins. No more than 900 hundred coins per day can be created by miners, in 2024 it cuts to 450. This is programmatic. You cannot just copy Bitcoin or print Bitcoin too your whim. That’s not how this works. The S2F model shows huge growth after the 12’, 16’ halving and so far we’re perfectly on track in 2020. May11 was the halving date. Since we always know how many coins are in supply and will ever be made, 21 Million, Bitcoin has a finite supply. Hard money. No other coin has that scarcity nor can other coins track precisely how many are in supply. ETH is trying to track that we’ll see what happens there.
     
  21. Dionysus

    Dionysus Cocky + Relaxed Admin

    ETH supply cannot even be accurately confirmed on a node, this was exposed just this past week. Ethereum as a platform may be very successful but I can’t see it with a monetary use case given the supply uncertainty.
     
    • Agree Agree x 1
  22. matt8209

    matt8209 100+ Posts


    i personally think bitcoin sucks. its old, slow, and was cool years ago. That being said it is first in time, has the name, and is gaining worldwide acceptance and adopton is increading. Whether the haters want to believe it or not, the US Government created an asset class when the bakken (sp?0 exchange was regulated. Everyone has been lying about bitcoin for years telling everyone to stay away because it is a scam all the while buying it up. The entire saga has been a joke to watch. Wonder how much bitcoin the elite loser class has horded when the truth is known.
     
    • Like Like x 1
  23. AC

    AC 1,000+ Posts

    matt8209,

    They say the enemy of my enemy is my friend. So we’re friends. Maybe from different generations but we’re in this together! Elite Banking class, they takeover and destroy companies, and some of the best at doing that are now debasing our Currency and allowing the stimulus to hit Elite Nasdaq and S&P500 Giants for stock buybacks. Stock buybacks just pump that price and make the Board of Directors very rich! Nobody else just the Board of Directors! Yea that’s fair! An Investment Banker cost me millions. I’ll get the last laugh. #Bitcoin
     
  24. AC

    AC 1,000+ Posts

  25. Driver 8

    Driver 8 smoooove

    Gold is old
    There are a lot of "cool" crypto projects that will not be around in five years. Bitcoin is slow by design to allow for network consensus and assured settlement. The Lightning Network will handle fast microtransactions
    It has been in operation for over 11 years and is the most secure computer network on the planet but it is a "scam" and a "ponzi scheme" that is going to collapse any day now just you wait and see
     
    • Winner Winner x 1
  26. iatrogenic

    iatrogenic 2,500+ Posts

    Being the "most secure network", despite its millions of dollars in thefts, doesn't make it a good product. It will collapse. It may not be "any day" now, because of the greater fool theory. It will collapse because it is fundamentally unsound. It's a gimmick.
     
    • Funny Funny x 2
  27. iatrogenic

    iatrogenic 2,500+ Posts

    $24 million iced tea company says it’s pivoting to the blockchain, and its stock jumps 200%
    PUBLISHED THU, DEC 21 20179:32 AM ESTUPDATED TUE, DEC 26 201711:03 AM EST

    Evelyn Cheng@CHENGEVELYN

    KEY POINTS
    • Farmingdale, New York-based beverage maker Long Island Iced Tea says it’s changing its name to “Long Blockchain Corp.” as it shifts its focus to investing in the technology behind bitcoin.
    • Shares soar 200 in the open percent, although the company says it’s only in the “preliminary stages” of evaluating potential business opportunities in blockchain.
    • The company said it’s still going to make iced tea and other juice beverages. As of Wednesday, it had a market value of just $23.8 million.
    Would this be the safest iced tea company in the world?

    Yeah, there's no irrational exuberance going on. Hey, were a small company that makes iced tea and may invest in blockchain. Boom! stock goes up 200%.
     
  28. AC

    AC 1,000+ Posts

    When Driver 8 said “but it is a scam and a ponzi scheme that will collapse in the next few days just you wait and see”. He was being facetious.

    Some people hate to see something in Technology succeed. “If I won’t make money off of Blockchain and Bitcoin, nobody will”. I guess human nature, confirmation bias. I offered you some of my Satoshi’s later on so I guess I took that argument away from you. Sorry not sorry.
    :hookem3:
     
  29. 4th_floor

    4th_floor From now on, I want you all to call me Loretta.

    In the dot com bubble of the late 90s, if a company bought a website and publicized it, it's stock would soar regardless of the fundamentals. Looks like the same thing here. But remember that when the dot com bubble burst, sound internet companies did quite well and the pretenders were taken out. IMHO, there will be some opportunities to accumulate great wealth as the transition to blockchain progresses. There will also be some opportunities to lose everything. So proceed with great caution.
     
    • Agree Agree x 2
  30. iatrogenic

    iatrogenic 2,500+ Posts

    What a great mind reader you are. I could invest in Bitcoin any day, but I would rather not flush my $ down the drain. Hopefully, you will consider some of the points mentioned.
     

Share This Page