[ Home ] [ wiz / dep / hob / lounge / jp / meta / games / music ] [ all ] [  Rules ] [  FAQ ] [  Search /  History ] [  Textboard ] [  Wiki ]

/lounge/ - Lounge

The Wizard's Lounge

Password (For file deletion.)

  [Go to bottom]   [Catalog]   [Return]   [Archive]

File: 1613179526309.jpg (108.49 KB, 780x388, 195:97, Rdec88723a68de357443a1262a….jpg) ImgOps iqdb


A thread to discuss anything related to cryptocurrency.

How's your portfolio right now, wizzies? What do you think of the market right now? Do you predict a crash soon?


>Lindsay Lohan Tweets 'Bitcoin to the Moon'- Celebrities Are Flocking to Crypto in Great Number


JOE KENNEDY, a famous rich guy in his day, exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good, a theory also advanced by Bernard Baruch, another vested interest who described the scene before the big Crash:

"Taxi drivers told you what to buy. The shoeshine boy could give you a summary of the day's financial news as he worked with rag and polish. An old beggar who regularly patrolled the street in front of my office now gave me tips and, I suppose, spent the money I and others gave him in the market. My cook had a brokerage account and followed the ticker closely. Her paper profits were quickly blown away in the gale of 1929."


I don't understand why BTC is still the #1 cryptocurrency. There are so many other better alternatives. The gas fees alone make BTC unfeasible for regular currency use.


Still too dumb to understand crypto even now. Why is it so expensive? I suppose it has some confidence now that Elon Meme endorsed it but why was it still so expensive before and why is there so many different types?


I have a single litecoin in the hopes of it going over $10k USD someday. It is severely undervalued imo. Might buy more as time goes on.


don't worry someone will just pass a law calling crypto fake money one day and everyone else will adopt it


I bought some LINK and now I'm kicking myself for not buying more when I had the chance.


File: 1613429421501.jpg (1.77 MB, 1341x1938, 447:646, 1593746685841.jpg) ImgOps iqdb

Wizzies, sign up for Coinbase and watch their short videos to earn free crypto. My free crypto, since I just let it sit in my Coinbase account, is now worth ~$300.


It's expensive because people are willing to pay a lot of money for it.


I'm holding GRT and ALGO.
GRT, as I see it, is going to be integral to web3, I'm just not sure on if the token will be worth a ton like coins are.
ALGO has some major institutional backers, which goes against the spirit of it all, but evil wins in the end. It's the one I'm really banking on.


I'm holding my bitcoin and chainlink even though I think the bubble is about to burst. I'm tempted to sell and buy back in when it crashes.


Really says a lot about human civilization when some random person can make up some chunks of bits, claim it's a currency, and have so many other humans believe them it becomes worth anything.



All currency is just someone claiming it has value and others believing it. Most currencies aren't even gold or silver backed anymore.


I wonder how much that crypto is worth to the Texans right now. "Mr plumber please stop the leaks, I promise to pay you with my epic online drug buying tokens as soon as the power is back on."


All these crypto wallets keep asking for my real ids. Do I have to give it to them?


Everyone things a crash is soon, but no-one knows exactly when. It's impossible to time these things so it's best to stand still and do nothing.
If you're not in, wait for a crash and put no more than 20% of your savings into it. If you're in, selling isn't exactly a good idea either.

Putting in a little money now is unwise but at least ensures you have some crypto. Don't go all in now. Don't ever go all in. Trying to time these things is gambling.

Don't rely on crypto since as texas showed, it's not going to be worth shit if there's no power. Crypto as a holding is mainly for the scenario where there is power but there's some kind of need for a currency that won't inflate that can also be transferred internationally.


The crypto markets stupidly volatile. Many more people lose the money they put on not make it.

Crypto won't be worth shit if everything else inflates. It's a meme currency with nothing backing it. When everything else goes crazy crypto will collapse. No one wants your meme money when they need a suitcase of 50 dollar bills to buy a loaf of bread.


It isn't even really a currency in function.
It is a speculation vehicle more than anything else.


I started paying attention again in late December. A lot of coins did a x10 since them, a lot of them I considered buying.
Unfortunately I didnt know what I was doing and got dumped on twice, I barely made any money so far. I am an impulsive moron, unfortunately. At least my XCM are doing great.


Those reasons is why I'm hesitant to buy any bitcoin. I was dumb to not buy any in 2010 when I heard of it because I could have at least a buck in case, but the fact that it is even a more memer currency than meme fiat currency makes me not wanting to put a cent on it. I'd stick to gold and silver.

>muh free decentralized money
If governments wanted to ban or take control of it, it could happen immediately. IRL I've only seen tech soyboys obsessing over this thing as if it were a magic thing


>IRL I've only seen tech soyboys obsessing over this thing as if it were a magic thing
here in the southern us I always see shops run by foreigners with big signs "ACCEPTS BITCOIN" so it's definitely not a meme, I've seen them for years now, you can go in these shops and buy gas station tier food with bitcoins so I guess its worth something


Idk, thankfully I don't live in USA


Just use localmonero.co


>No one wants your meme money when they need a suitcase of 50 dollar bills to buy a loaf of bread.
Why? The places with hyperinflation right now have the most cryptocurrency usage. Everything else can inflate but there are still the same number of coins, how can you fight the mathematics of that economic effect?


Ask texas how useful cryptos been to them. Not people trafficking drugs in collapsed commie states.


Sometimes I get this feeling that cryto is a red herring. All the money that would've gone to gold and silver went to crypto. Someone is gonna make out like a madman.


And to think I would have brought crypto a few days ago if my ID verification didn't get rejected. Holy shit.


Did it crash again?


Not that guy but from the looks of it yee


It just beared. It's over.


Nooooo my 1 litecoin :(


wtf does texas have to do with hyperinflation? So obvious you can't argue when you just change the topic

Anyway, society can't function at all without electricity and many countries are already effectively phasing out cash


It is back to the all-time-high price from 1 week ago, oh no it's all over

[Go to top] [Catalog] [Return][Post a Reply]
Delete Post [ ]
[ Home ] [ wiz / dep / hob / lounge / jp / meta / games / music ] [ all ] [  Rules ] [  FAQ ] [  Search /  History ] [  Textboard ] [  Wiki ]