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

 No.262886

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?

 No.262887

>Lindsay Lohan Tweets 'Bitcoin to the Moon'- Celebrities Are Flocking to Crypto in Great Number
https://news.bitcoin.com/lindsay-lohan-tweets-bitcoin-to-the-moon-celebrities-are-flocking-to-crypto-in-great-number/

>WHEN THE SHOESHINE BOYS TALK STOCKS IT WAS A GREAT SELL SIGNAL IN 1929. SO WHAT ARE THE SHOESHINE BOYS TALKING ABOUT NOW?

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."
https://money.cnn.com/magazines/fortune/fortune_archive/1996/04/15/211503/index.htm

 No.262888

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.

 No.262890

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?

 No.262906

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.

 No.262908

>>262890
don't worry someone will just pass a law calling crypto fake money one day and everyone else will adopt it

 No.262969

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

 No.263027

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.

 No.263028

>>262890
It's expensive because people are willing to pay a lot of money for it.

 No.263032

>>262886
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.

 No.263115

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.

 No.263155

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.

 No.263159


 No.263164

>>263155
All currency is just someone claiming it has value and others believing it. Most currencies aren't even gold or silver backed anymore.

 No.263176

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."

 No.263214

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

 No.263248

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.

 No.263249

>>263248
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.

 No.263250

>>263249
It isn't even really a currency in function.
It is a speculation vehicle more than anything else.

 No.263262

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.

 No.263271

>>263176
>>263214
>>263250
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.

Also
>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

 No.263272

>>263271
>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

 No.263273

>>263272
Idk, thankfully I don't live in USA

 No.263286

>>263214
Just use localmonero.co

 No.263287

>>263249
>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?

 No.263300

>>263287
Ask texas how useful cryptos been to them. Not people trafficking drugs in collapsed commie states.

 No.263302

>>263300
>>263287
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.

 No.263362

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

 No.263382

>>263362
Did it crash again?

 No.263389

>>263382
Not that guy but from the looks of it yee

 No.263395

>>263382
It just beared. It's over.

 No.263396

Nooooo my 1 litecoin :(

 No.263397

>>263300
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

 No.263399

>>263362
>>263382
>>263389
It is back to the all-time-high price from 1 week ago, oh no it's all over



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