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 No.268938[Last 50 Posts]

A thread to discuss anything related to cryptocurrency.



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Tell me the third image is troll accounts :DDD


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Even geniuses can't predict the market


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Cardano and SingularityNET are going to make me so fucking rich


The speaker in that video looks more Jewish than the happy merchant himself. Can it really be trusted?


FIrst thing I noticed also and the way he is really really pushing people to invest seems disingenious to me.


I'm gonna kermit suicide



I hope it does wiz. You been mention it for quite a while.(assuming that's you)


If you guys didn't know, 99% of the coins shilled on /biz/ are pump and dump shitcoins.

Groups of people coordinate in telegram and discord to pump their worthless shitcoins.


Honestly though what else could you expect from a 4chan board encouraging you to invest money? how dumb would you have to be to be surprised your wojak coin was a scam


I don't even bother with coins not on exchanges other than HBar, never will.


Notice how everything he talks about is in the hypothetical. It describes only potential. Notice that he never ever gives concrete examples, only general use-cases or some particular name of an individual who is 'doing something' (Mark Cuban), when in reality he is pulling the exact same pilpul. This is how the best cons work. It is subtle and devious, and downright evil.


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Haven't even had the season's dip yet. How low will it go?


I got $700 in free crypto from an airdrop. I'm eligible for 3 more airdrops, which will give me about the same.

Who here getting crypto UBI?





I hold this project's coin, which started another related project and they wanted to reward loyal community members, so they're airdropping their new project's governance token to the community members of their original project.

Basically rewarding loyal community members that have been with the project for awhile. The only requirement to receive the airdrop was to be holding the project's coins or staking them in their staking portal.


god i hate airdrops so much


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The sad truth. Nobody wants to slave away anymore for a society that isn't worth it.

They'd rather try and get lucky with crypto than slave away in a degenerating society.


Didn't Elon crash bitcoin's value with one tweet?


More people are getting redpilled and see how rigged the game is. Expect more social unrest in the coming years. We're never going back to normal.


I hope Tesla goes bankrupt


Sold my Dogecoin for less than I bought it for. Why didn't any of you tell me I was wrong?


You were told several times that it was a bubble in the last thread, and that it was gambling, and that they held no inherent value.
You took the risk, rolled the dice, and lost.


you gambled on a literal meme
not bad


Buy high, sell low


WHy did dodge even gain steam was it purely people trying to make money what service did dodge provide. If it was everyone agreeing it will rise so they can sell it to make money and that is all it all sounds like a giant meme.


Going to retire soon at the age of 24 from my crypto holdings


Remember, the entire thing is a speculative bubble. The latest bubble within that bubble is/was Dogecoin.

I worry at how many times it is said yet needs to be restated: There is no inherent value to ANY cryptocurrency. There is no inherent value to ANY fiat currency. As long as there are FOOLS who are willing to hold onto cryptocurrencies (and fiat although not quite as foolish) for the long term, cryptocurrencies will APPEAR TO HAVE value. They do not. They are useless, valueless bits on hard drives that one can claim ownership to.

If you intend to make money from these VALUELESS items, do it with no more than you can afford to lose, expect to lose it and simultaneously try your damndest to not lose it.

And finally, if you sell something for a lower price than you bought it for, then you lose. Don't do this. Buy at a price that is at the probabilistically near-lowest point it can reasonably achieve within a given time period, and sell it at the probabilistically near-highest point it can reasonably achieve. If you don't know how to do this, then DO NOT TRY TO DO IT. Otherwise you will get it wrong, and lose either some, most or all of your money.


Get into Cardano and AGI (now AGIX due to integrating with Cardano).

Last warning.


No one is immune to FOMO.


Why did you sell it before it was listed on coinbase?
Why did you buy a joke cryptocurrency?
Why indeed.


What are your holdings wizzies?

I only own SingularityNET (AGIX)


2m ShibaInu coin, about $30 worth. If Shib goes up to even $0.01, I will cash out and neet until I die.




Is it a good idea to buy the dip?


You should invest in Russian tech.


>PREDICTION. Huge #FOMO into Russian “Big Tech” in next few years driven by increasing numbers of Russian investors and cheap American money migrating to emerging market for cheaper assets. This will replicate what happened in the US during 2010s. Yandex worth $250B by 2030, Ozon worth $100B. OOM-tier increase across this sector producing gainz rarely seen outside crypto.


>is it a good idea to buy low and sell high
I don't know, most people seem to prefer buying high and selling low. Maybe you should stick with that.


is it late now?


chia retard from before here, somehow i managed to solo farm 2xch this morning, it's $1400 usd

it's been about 3 weeks so this shit is a fucking miracle. this fully recoups the costs i spend on hard drives. hopefully when pooling is out i'll be able to recoup the costs of my new pc

never farmed/mined any crypto before so this is really exciting. hugely unexpected boon


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You don't know if BTC/crypto has bottomed out yet. It's possible that it will drop in price further.


It's at a lower price now than when he posted. But I think he's referring to a long-term outlook. Most likely a very long-term outlook if he shares my analysis.


yeah I always checked its chart, ADA is good project actually, but with this huge market cap that it currently have it will be better for a long-term outlook.



Happy for you wiz, wish you all the best, have a nice day.


how many plots are you actually using (actual GiB)


250 k32 plots at 24.747 TiB as of right now


never heard of it
at least say what it's about


How long did it take you to plot or this space tho?


3 weeks i said originally


How many SSDs did you buy? Or are you using just regular hard drives?

It says on the Chia website to use commercial grade SSDs


>>>/hob/58080 this is all i bought, just 1 firecuda


Any interesting trade learning resources?


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wass looking through my old hard drives

found out i had a doge wallet withina few days of it launching!!! i never got any doge though lmao. fuck


unlucky, they used to send some doge for free when it was worth 0


yeah i remember having some though. it might have been a different computer. shortly after 2013 my laptop died and i got a new computer. the hard drives from that second computer was ruined by a lightning strike/power surge while i was in an RV. i have no idea where my other crypto wallets are

i also found stuff for elacoin which i dont remember anything about


I really wish I wasn't really young and poor when cryptocurrency was in its infancy.

I know I probably would have bought tons of Bitcoin and other coins.


…is that comicsans?


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When will crypto-currency be mainstream?


Bitcoin already is, you've got negroes and boomers buying into that, I mean shit look at what Elon tweets do.


Define mainstream.
Do you mean people actually using it on mass a a currency in daily life?
Or do you mean normies getting into digital token speculation?

Because the former will probably never happen due practicality issues and the latter has already happened like last year or so.


Why would it be? It's gay and worthless.



You've just missed the 4th industrial revolution


Go back to /biz/ if you’re gonna post like that.


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Bought my first altcoin.
If it rugs I'll cry. I don't want to be a wagie anymore.


What is it? I'll tell you if it's a scam or not


I hope it's gonna be a big meme like Doge.


Big yikes from me


Feel free to laugh at me.


>big yikes
I hope this counts as an outsider meme and you get banned.


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This guy lost over £25,000 trying to get rich by buying a variety of meme coins and projects he found on /biz/.

The first time he went into crypto, he lost £5,000 because all of the cryptocurrency he owned he kept on the Bitsane, bitgrail and IQ option exchanges went defunct. He said he was finished with crypto after that, but decided to put in his £20,000 life savings at the top of this bullrun right before the crash and lost a lot.

What's sad is that he didn't learn his lesson the first time and still keeps all of his coins on exchanges.


I didn't watch the videos, but someone made a screencap of his portfolio and it was all shitcoins I haven't even heard about, he also had like 50$ put into each, dozens of them.
He's either baiting, hopes to grow his channel this way, or he's mentally ill - he's doing basically all of the rookie mistakes.


James is just a very clueless nice guy. I stopped following his channel because it's always the same story. If you've been subscribed for a while you probably know crypto is not the only thing he squanderes his money on, this is just the latest fuckup. The amount of trash he buys like drones, mac computer, several cameras, loads of music software and beat bundle packs for his "music career" even though he never made a single tune… I remember when he began a long-distance relationship with some Italian succubus and the first thing he did was going out and purchasing tons of expensive didactic Italian language books and dictionaries, even though people told him several times all that stuff could be found for free online. Still he doesn't know a word of Italan. I say this with no ill intent but he's a complete fucking idiot, the poor guy. He's lucky to have very nice parents, it's basically what keeps him afloat.

Sage because offtopic


who cares about this cretin and his youtube channel? seeing his ugly face reposted ad nauseam on /b/ is bad enough


Agree 100%
This James dude is naive and delusional.


And let's not forget the time he got nose surgery.


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Tax is such a racket. It's all a scam.

I can't even hedge against inflation using silver/gold because then I would have to pay a 28% collectibles tax rate.


Protip: just stop paying


In US and probably the whole Anglosphere taxes are taken automatically from the employer. A man who earns $500 a week will be given a $400 cheque with a $100 deduction to the government. You can only avoid paying taxes if you work for cash. Even NEETbux has deductions from the total that go right back to the feds.


Find under the table work. Ethnic resturants and landscaping are good for this


Better yet: Stop earning.


Got it


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If anybody actually believes some digital art is selling for $11.8 million, you're dumb.

It's another form of scam/fraud and if you buy NFTs in the hopes of selling it for massive profit, well you're just going to lose all your money.


>bad pixel art sells for $11.8 million freedombux
This really isn't out of the ordinary for the art world.


Modern "art" is how the lower rungs of the elite money launder and this NFT thing is just more of the same


not really crypto related, but you know how when filing taxes for your business, how you can claim expenses and stuff. like for example if im reselling a television i only pay the profit. is there a way to get that without having a business? like can i donate that to a charity i myself own, use that as a deduction, and then just pay for everything with my charity?


I mean I just saw a story of a "sculptor" who sold literally nothing for $18,000.


And yet there are people who still try to defend the modern art scene like it has any sort of legitimacy.


>click article
>artist starts rambling about quantum uncertainty to justify his bullshit
I want to strangle these people.


That's called fraud and it's a felony; if you get caught you'll lose your wizardom.


Pick up some $AGIX if you can. It's going to be big.


Horseshit. Committing crime does not remove your wizarddom and it is even encouraged versus normies.


>Committing crime does not remove your wizarddom

No, but getting caught and sent to prison does.

I'm too scared to commit any amount of crime because I know the state will toss me in prison and toss away the key, not to mention that my life at the point would be over and I would lose my job and I would have to work a minimum wage job for the rest of my life.


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>getting caught and sent to prison does


git gud



Doing crime literally doesn't pay unless you make millions of dollars.


Slave morality horseshit


More like the ability to use long term thinking and proform cost benefit analysis.


The justice system is too lenient and cops are too soft on criminals.


I bought 20k dollars of Bitcoin when it was worth 56k now it is only worth 32k. What can I do now? I heard about selling/buying at 10x and 50x but I dont know how they work and if they would help me in the situation I am in right now


just wait i guess. that's literally what everyone else is doing


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Sick of the US government printing money and causing inflation, making my savings dwindle in value.

They are almost making you invest or spend your money.


Hmm, now I wonder why they’d want that.


I remember buying 3 bitcoins in 2017, at literally the very bottom of a crash right before it skyrocketed to $20k. Only to find out that my jewish bank had declined the transaction. I think that was god's way of telling me I was meant to be poor.



My bank wouldn't let me use direct deposit to buy cryptocurrency, so I had to use my debit card instead with 5% fees.


>I think that was god's way of telling me I was meant to be poor.

I got out of crypto in around 2013, and I literally got back in 1 hour before the big crash happened this year (around May 12th).

Literally a single hour after I bought in, Musk made that tweet about not allowing any more BTC purchases for Tesla and China banned cryptotrading.

My purchase instantly went down around 40% in value.
I felt paranoid and cursed before but that just made it a thousand times worse. Not due to the loss of money but because I genuinely believe there is a being out there trying to block me from advancing.

The value had been going steadily up and down about 1-3% daily for years before I decided to buy back in.


You should have taken a look around the internet landscape - it was obvious from the beginning of this year that the time was not ripe to jump into the market.

Remember that old chestnut - "if the shoe shine boy is giving you stock tips, it's time to exit"? If black twitter is posting about Bitcoin and Doge (and they were, in mass) then it's not time to buy. Sad.


>Gets out of crypto (entirely) before it does anything
>Stays out for 8 years
>Gets back in at all time high
>Surprised when it crashes, unaware that the longer you leave it and it hasn't crashed, the closer you are to 'the' (any will do, psychologically) crash
>I genuinely believe there is a being out there trying to block me from advancing
There is, its name is you.


>"Hur dur I hate Americuuuss!!!"
>Posts photo of a CIA funded group who are helped by the US army and wants to kill a ruler who refuses to cooperate with America
What did he mean by this?


Doesn't apply to the stock market though. People have been getting in even this year despite a huge bubble and prices just keep rising.


Literally laughed out loud at this comment.
Some people always buy at such a time that they can ride the bubble higher. That doesnt mean there isnt a boom and bust cycle. But prices are all fake and manipulated with fake money so who knows what (((they))) want to happen and when


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Damn, even Mark Cuban got hosed on this drop.


Pretty sure that's the founder of Cardano and one of the key figures behind the original Ethereum team, you absolute idiots.


This is good advice is also how I roll. Nothing has measurable value in the end, after all.
I fully expect all the money I sink into crypto to one day amount to nothing. I've even used credit to buy crypto; doesn't change anything. One day it will be nothing and I'll just brush it off as another failed attempt.
HOWEVER what I won't do is sell low because I am scared and wish to recuperate some of my loses. I'm in it to win it, or fall all the way down. No in-betweens.
I am content this way.
>muh printed paper and shiny metal is the ACTUAL definition of VALUE
it's actually inverse: The more small crime you do - the bigger the chance you have of slipping beneath the gaze of big bro.
The pros: You get to retain your freedom as a truwiz and escape from the tangle of this mortal charade.
The cons: If you get caught for being a dumbfuck, you lose.
The trick is calling your bank and sitting on the phone with them for one hour while insisting that you will to buy crypto with your money/credit.


So what definition of value are you using?


It's incredible how completely wrong about everything you people are. And you think you're smart.


2 million usd turned into 900k. soon poverty again?


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I wonder if that japanese hikikomori stock trader (Takashi Kotegawa) won or lost during corona.

He initially turned his 13k savings into $180 million dollars.

>He does not feel a need to spend money but prefers to watch TV and play video games.

>He bought an entire office building in the center of Akihabara for 9 billion yen (77 million dollars) for himself.

>The most expensive things Takashi Kotegawa has bought recently are two Nintendo Wiis and he only eats cup ramen.

>Takeshi Kotegawa’s style is mainly swing trading (although many believe him to be a day trader). He uses technical analysis to determine the lowest point to enter a position, known as bottom fishing.


Love to see this panic and anguish. Proof that wealth is randomly awarded based on luck and not correlated with intelligence or any positive traits.


You only realized this now? Some billionaires and heiresses are literal mouthbreathers while having billions of dollars (managed by wageslaves)


How is someone using deep knowledge, savings, and hard mental work proof that wealth is randomly awarded based on luck.


Crypto folks who make their wealth gambling on a speculative, negative sum ponzi scheme which primarily works to enrich the CCP's slanted coffers, inevitably contributing to global warming with coal powered electricity usage required for proof of work - energy consumption that rivals that of a small Latin American country?

Not really.

People who get rich working towards solving word hunger, maybe while simultaneously combating the ridiculous overpopulation of our planet by non genocidal means?

Sure, why not. But uh, "you're not that guy" I'm guessing.


This is a pain in the ass.
Way too much work.


And then you lose everything because you thought it was smart to "invest" in "not gambling."


If another solar flare doesn't happen in our lifetimes (we are due) there is always the threat of TPTB taking down the grid. As our lives (the normalfags in particular) go more and more online I prepare for the grid going down. Why waste your precious time on this Earth gambling on internet funny money? One of the steps in The Great Reset will be to take down the electrical grid and bring in new totalitarian measures off the back of the civil unrest that will follow from going dark. Interested to hear you guys opinions on this


I only have interest in it as currency not a get rich quick speculation vehicle.


Hate crypto as it's making graphic cards expensive. Argh!


My thoughts are that it doesn't really seem related to the topic being discussed and is probably a backdoor to political shit flinging.


There are other things that are effecting the availability of graphics cards.
Mining has toned down after the last big drop when the bubble popped on all the normies.


Do you guys go beyond just keeping a software wallet?
Like using a paper key or even a hardware wallet?


wtf is a hardware wallet, isnt a wallet just like your seed phrases? what else besides paper and digital storage can store it


ah seems it's just something that stores the phrases and restricts access or something to protect them


What tricks to use to avoid fees or paying the least fees possible.


>inevitably contributing to global warming
lmao, who gives a shit. Bought more bitcoin after your post.


Thinking of getting a Trezor to pair it with Exodus, but I'm not sure if it holds all the coins I want to hold.


I don't have a lot of money (neet), but I have some Hbar and thinking of getting more Link now that it's 50% off.
I'm I getting rugged by /biz/ for buying these coins?


Hbar is kind of a gamble, I feel like it will always be a "stablecoin", but who knows. I intend to make a suicide stack of it just in case bad guys win.
Link has been underperforming. I think I'll DCA Into it too, but I think it's a bit late to get into it.


It should have a up to date list on it's site of coins it's comparable with.


Tried making a binance.us account but the retards refused to verfy my address.
Why the fuck they even need my address is dumb enough, but they are flat out rejecting saying it doesn't match my name under their records.
And the company doesn't have customer service worth mentioning.
I just wanted to avoid fees, but if they don't want my business then fine.


Normie financial companies are hyper-paranoid about everything.

I also got refused for a N26 bank account because my address "can't be verified from the scan I uploaded".

It was an as high as possible resolution scan of an utility bill as requested by them. Still rejected, therefore account not activated. Fuck them.


just use sites like localmonero and localcryptos


I mainly just use coin ATMs but thought of signing up for the much lower fees.
If they are going to make things difficult then I will keep using the ATMs. Fuck'em.
Shit looks like it's infested with scammers and most seller's want fuck loads of personal information and don't make it clear exactly how they even expect to get paid, or worse yet try to avoid the escrow system so they can run off as soon as you make the fund transfer.


>Shit looks like it's infested with scammers and most seller's want fuck loads of personal information and don't make it clear exactly how they even expect to get paid, or worse yet try to avoid the escrow system so they can run off as soon as you make the fund transfer.
There are people with 500+ reviews and 100% feedback, you don't understand reputation systems?


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I was eligible for a free airdrop of $SDAO and right now it's exploding and it's currently worth $7,000.

I got $7,000 worth of free crypto and the airdrop is only half-way over. Crypto is absolutely amazing.


Chia fag, how you doing now after the official pole release, any news my friend?


This normscum just lost $43k in crypto and is crying about it. He tried shorting Bitcoin and got shrekt.

He took out a $20,000 loan to try to recoup his losses, but he lost all that too when Bitcoin kept going up.


Amazon is apparently going to accept Bitcoin as a payment method by the end of this year, which is why it's skyrocketing at the moment.

I'm not that happy since I bought in at 45k, so I'm only getting closer to recouping my losses. I was feeling pretty down when the price went as low as 33k.


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and now it's crashing because the rumor ended


not before bezos cashed out probably


Bitcoin is a bad payment method cos you have to convert it first to USD before you can do anything & the conversion rate changes more than my dad's mood when drunk.

Elon cashed out already


Do any of you mine? I tried nicehash but that gave low profits.
Then I saw nanopool rvn was supposed to be good but their miner didn't work.
Which pool is easy to use?


Nevermind I figured it out


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Do zoomers really find twitter screencaps this compelling?


Mining is pointless unless you live somewhere like Texas with super low electricity costs.


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anywhere under 0.15 is fine honestly


I have $100,000 in a crypto project that is stagnant. Fucking great.

Fomo has me in a serious case of depression and anxiety, which is causing me to have nightmares and not being able to enjoy anything. All I'm doing all day is refreshing crypto charts.

I hate my life.


WHY would you put $100k in to anything? If those are US dollars, just keeping it in the bank would have seen multi-thousand dollar annual returns on interest alone. I feel bad for you but sheesh, don't put all your eggs in one basket.


I didn't invest that much of my real money. I invested less than $10,000 of real money.


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The best plan is to just buy crypto and go into a coma for 5 years.

Refreshing charts every two minutes will drive a person insane.


Not him. I agree with you, but I did want to pick at one statement that might explain why people are doing this:
>ust keeping it in the bank would have seen multi-thousand dollar annual returns on interest alone
Not true. The best rate in the entire country right not is not even 1%:
At best, you're looking at $700/year in interest. And then on top of that the amount taken away in inflation, and inflation is looking like it's _at least_ going to be around 5%. So, realistically, you're getting -$4300 (note the minus sign)/year. This is why people are doing such insane things like this. When you're already looking at a $5k loss, but you don't know what else to do, you're going to do oddball, stupid shit.


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All this inflation is a tax on savings.
It forces people to invest in any liquid asset they can afford just to try and keep at the same level of wealth.


Savings accounts aren't good anyway


I meant savings in general, not just savings accounts.


My crypto isn't doing shit. Fuck, I'm going to stay poor forever.


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>Getting into crypto 10 years too late


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ONLYFANS now accepting crypto?


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I've noticed investing in legit scam ponzi schemes make you more money than actual groundbreaking technology.

People are so retarded and gullible, it's ridiculous. Look at DOGE for example, that piece of shit has a marketcap of billions.

There's literal no reason to play fair, when you can make more money scamming people.


this might be off topic, but I noticed that memes are a way to go. Look at how some meme comments on youtube are spreading like a literal cancer. I'm not saying this in negative light, it's literally like a cancer, meaning it's spreading insanely fast and for longer periods of time.

No wonder that shitty doge currency is so popular


isn't that meme like over a decade old? can't believe people still even like that stuff unless they are all like 25+ dweebs that can't move on from their dead horse reddit joke


its all because of reddit


memes are cancer


We live in an era where a white South African refugee is funding his space rocket to Mars by fleecing poor people with a ponzi scheme based on a meme about doggos.


building a vega 56 ergo mining rig in a bit maybe this weekend


The FOMO and desperation is getting into me. I am going to put all of my savings into the next big dip. Fuck this clown world.


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i did add anther 100cfm fan for intake but this is basically where im at. to upgrade hvac further i will probably just switch to 6 inch tubing/fans. it should be sufficient for the first 6 cards and then a few extra for the second rig. i can then cut out two more ports in the window panel and add more 6 inch

havent really been able to get accurate information on the amount of cfm needed per watts used in mining tents. probably because most people seem to just exhaust their air conditioning so i have effectively half of whatever cfm they have, tent volume matters, turnings in the tubing reduce efficiency, static pressure differences, air filters ineffiencies, etc. im not sure how the hell someone could calculate this beforehand. from my experience though it seems 100cfm intake and 100cfm exhaust is able to cool 200 watts of cards. im sure when it gets cooler later this year that temps will improve so i will need to be prepared for next summer


Anyone else making insane amounts of money with crypto right now?


My little babby portfolio went from $500 to $600 over the past two weeks.


I went from under $100,000 a couple weeks ago to $250,000


Okay bragfag, what are you gonna buy with that $250,000? SEX?



Going to liquidate it all into USDC stablecoin and then earn 8% interest on it through Celsius Network, earning me a fat steady stream of income.


This isnt crypto but it does relate to investing.
What do you guys think?


Looks a bit sketchy.
Like I don't doubt that it is (probably) legal, but it doesn't seem like a good investment to me.

That said I don't totally understand it and haven't read the white papers to dived deep into what they are doing. I just skimmed the site a bit and did a cross search of my own.

My 2 cents is if you don't personally really understand it then leave it alone. It is the simplest and best investment advice directly from Warren Buffett. It has saved me from a lot of bad investments in the past.


wow what a bunch of assholes


the $30 i put in to SHIB is now $130. im glad, and anticipate further gainage


How the fuck do you even cash out without getting scammed?


If you're paying taxes etc, then you can use one of the big exchanges like Coinbase. Give them some personal information, then you receive a bank transfer, works even with millions of dollars. I don't see where the supposed scam risk comes into play there.

If you're avoiding taxes then you fall into a money-laundering rabbit-hole with a wide range of possibilities


My bank doesn't accept direct transfers from coinbase, and coin base refuses to verify a account without paperwork I don't have, so coibase can go fuck it's self.
It also isn't secure and has been hacked several times.
Lastly they take a extortionist cut of any transactions or transfer. Sometimes as high as 20%. So again they can go fuck themselves.


Well I can't give more specific advice without knowing your situation since I don't know why you're lacking documents etc. If you're not in the USA then look at exchanges in your area.


Back when Mt Gox was a thing and I withdrew $8k from them, it came from some French company called Maharaja SARL.
My bank blocked the transfer and I literally got a visit from the intelligence service of my country. I was questioned for about 3 hours about all facets of my life.

Just saying cryptos are fucked up and there are a lot of bitter authorities and banks trying to dissuade people from earning anything with them.

If you are unlucky they will blacklist you as a bank customer.


Large Coinbase and Binance withdrawals to a bank account will also get you in trouble in many countries.
First off you wont get the money because bankers have gotten 'powers that be' to blacklist their account numbers globally.

Second, as you said, "men in black " could pay you a visit depending on the amount, just to put fear into you and let you know your financial data and online traffic are being watched.

It truly is a shitshow, better to sell the BTC through Localbitcoins in cash or use those atm's that dispense money in return for BTC's anonymously.

Earning with cryptos is easy. The pain starts when you attempt to convert any meaningful amounts to fiat cash.
There are major interests at play against you should you earn anything meaningful. Those shitheads will rain fire on you for a measly 10k.
God forbid you have struck big and attempt to with draw six figures or more. Not a problem anyone on this board would have, but food for thought.

Also, as of this August some bigwig banks like Barclays are not just blocking withdrawals from big crypto exchanges, but also payments to them. Should you send money to any IBAN account number controlled by Binance, the transfer will be blocked and you wont get your crypto.


It's just a mess at the moment. You are a suspicious citizen if you move any meaningful cash in the crypto sphere, especially back to fiat.



See the comments. It's ridiculous the lengths banks are going to in order to suppress crypto.


That was a very long time ago. It is mainstream now. People are cashing out huge amounts every day. if you're in Switzerland or something you have no problem at all

There is some truth to this but it is largely exaggerated. It depends on the country. If you're not doing anything illegal then it doesnt matter in the end. I don't think you realise how many plebs are now trading dogcoins. You can even buy crypto directly inside Paypal now. Things are changing fast


I hope crypto will be destroyed.


Hell yeah wizza me too


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ergo mining profits from 5x vega 56, 1x 1660 super, 1x 3060


well shit…. this must be galactic karma or something. the one time i show off or boast about my crypto income, the very next day ergo does a hard fork and i lose massive hash rates on the vegas due to some alghorithm change


Is that the Niko Avocado guy? God, he got FAT


Mukbang is a dangerous thing…


If I become a crypto billionaire during my lifetime I'll personally fund the robo-waifu revolution.


I second this anon >>276434. You're better off just throwing your money in a broad market ETF with low fees.
Worth reading: https://www.bogleheads.org/wiki/Getting_started



Just fund my farm on Wizard grounds so I can supply you all with food and cannabis


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Someone on /feels/ told me to buy some LRC a while back and I did and made some bux. feels always has good advice


>prices fall after I buy
>prices spike after I sell
I don't get it. This isn't easy money at all.


Few things actually are, and the ones that really are easy money tends to either have a catch or be inconsistent.


just buy a small amount every x days instead of trying to time it


It's a matter of picking your ranges. If you are looking to buy and sell with more frequency than year-long cycles, you can't enter into positions without setting yourself specific strike prices. If, for example you said, "No matter the conditions, I will buy [whatever crypto] when Bitcoin is at $40,000 and sell when Bitcoin is at $60,000 you would have enjoyed one cycle's worth of profit. If you aren't sure how to pick a range then you are simply gambling without reason. This will not do, wizzie!

Moreover, the point of playing with money you can afford to lose is the fundamental backbone to investing. If you buy in at $40,000 and the price drops for 3 months down to $20,000 you have to be prepared for this. While you may have bought in too high, you wait however long it is until you hit that strike price. Maybe conditions in this (false) market change such that you lower your strike price to $50,000. Or maybe you just want out asap to free up funds for something else. Whatever you do, do NOT sell what you bought for less money than you bought it! If you are unsure of a position then don't put in the whole amount. If the price goes down you can buy in at a second price much lower and now your break even point is even lower than it was before. e.g.

>$100 bux invested at $40,000 price point

Price tanks to $20,000
>$100 bux invested at $20,000
Price rises to $30,000
You just reaped the rewards of an extreme volatility curve, as is so commonly seen in the crypto farce. A bad choice and a second investment earned you $25.

This is similar to Dollar Cost Averaging, but instead of unconscious, fixed time-based investments you actually have some decision making to do.

And one caveat, you CAN lose money in this seemingly guaranteed system, because who knows if the price ever will go up to n again? That's the decision you can't avoid making.


I'm also obliged to add that I warn anyone and everyone against how alluring this may seem at times - to make money with long positions in a losing market. It is MUCH safer than short positions obviously, but it is incredibly easy to fall into the trap of doubling down to 'force out a profit'. This is how people lose serious mouney, because they just cannot control themselves. If you feel the urge to do this then you are playing with too much money to start out with. Scale it down and enjoy it.

Secondly, crypto has a number of paths to death. Oversaturation from endlessly newer tokens being created (think doge -> shiba -> etc. etc. ad infinitum), governments mass banning it all, exchanges shutting down or getting hacked. The amount of risk to you losing it all isn't just based on (((natural))) price movements. For this reason, you should have decided on some method of reaping your profits periodically and getting it into something sound and secure, or spend it. When you find your bank balance growing for seemingly no reason, it's very rewarding… if a little soulless and empty. And this never happens if you don't realise those profits by withdrawing - by getting out, getting safe. And, of course, don't do this without reporting your gains to the relative tax authority. We can't have any wizzie getting in trouble.


China banned crypto as currency. So government overreach is a thing.


This is what I'm doing. Buying in small amounts over a period of time is key. Most pros do this and for a good reason.


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can someone here give a rundown on these phunks? I see some people are making money here but I wonder what the timing window is. Where and how do you buy?


Bump to again request an NFT explainer.


"Banning" it is irrelevant because you can't ban a decentralized network which exists on millions of computers across the world.

They can ban local crypto *exchanges* from trading those currencies into yuans.
Banning the currency itself is impossible. No matter if you are Emperor of Earth himself.


When people talk about banning something, they aren't suggesting no people will ever use it. They're saying only criminals will, thus crypto will lose a huge percentage of its users, effectively wiping out most tokens.


Let me ask you, what is the point of a currency that almost no one will accept as payment?


It can remain a most scarce asset, with a price dependent on supply and demand, regardless of the negligible usage as a form of payment


So digital beany babies.


Like everything that human society values, yes beany babies obey the same economic rules. However there is nothing else that has ever been created that has strict mathematical scarcity. If demand goes up, then people can make more beany babies, mine more gold, print more paper money, etc. And it can still be transferred to other people over the internet. It is obviously an interesting new object; the price oscillates so much because it is such a strange new thing that doesnt fit into any category, and it is uncertain how it will fit into society


Bitcoin at $80k each? Time to cash out.


Right now it's basically operating under scam logic and they have no underlying utility or value compared to anything else.
They are just a speculation/gambling/scam vehicle to 95% of the current market. Nothing more and nothing less.
If there was a government crack down that prevented normies from cashing out the price relative to the USD would crash so hard and so fast it would make history books.
The market for crypto for anything other then a speculation vehicle is microscopic in comparison. Crypo is just a means to a end. Something people think they can get rich quick off of while the getting is good. Not a asset that they value intrinsically on any level. For without this speculative function they are valueless to nearly everyone but a very small niche who could just as easily use something else for their transactions.


how is that any different from gold?
>The market for crypto for anything other then a speculation vehicle is microscopic in comparison.
It is the same for many things in society, even housing is subject to bubbles and entirely dependent on investment tax structures etc.
The economic system of society is full of this bullshit. It is not invalid to see the absurdity of crypto valuation, but you must also acknowledge that other assets are also manifestations of the same absurd human psychology. Governments and central banks manage, control and take advantage of these systems. Most monetary value in the economy is vapor


>how is that any different from gold?
There is high demand for gold to be used for things and it isn't used as a speculation vehicle. People don't buy gold to try and get rich quick through gambling/scamming. Those would be the most basic. Of course there are many other things aswell.
>It is the same for many things in society
>first example he gives is housing
Now I think you are just trolling.
Stopped reading there. I am done. You are ether just trolling or you are a idiot. Ether way I am done wasting my time.


I am not trolling and my view is shared by many professional investors. Try learning about past financial crises. I specifically chose housing as my example because it has such a vital real use


Pretty sure "many professional investors" know that houses are primarily bought due to their function, as in living in them.
Don't try to use a fake appeal to authority to cover for your own foolishness.


You think gold isnt used as a speculation vehicle? lmao


>houses are primarily bought due to their function, as in living in them.
Renting exists. But people choose to take on huge debt to own the home. Why? Because the value goes up. If the value went down, they would rent.


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I can't even with these people.


I don't think you know a thing about what speculation means in context what gold is used for in finance and investment.


My understanding is that it is used primarily as a store of value, with investors speculating that it will remain a low volatility hedge. A quick search seems to corroborate this


And now you are using Equivocation with the word speculation to just be dishonest. See how it's defined in the post above. Now see how you are using the word.
No, you most certainly are a troll and you are doing it on purpose.


>Of all the precious metals, gold is the most popular as an investment.[1] Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets.
>The view of what distinguishes investment from speculation and speculation from excessive speculation varies widely among pundits, legislators and academics.

Stop picking random shitty articles by no/name people that suit your weirdly specific ideas of what speculation means.


Pedantic autism derails yet another wizchan thread


>random shitty articles by no/name people
>post wikpedia instead
100% a troll.


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I make over $2,600 a month from 20% interest on UST on Anchor Protocol.

Combine the money I'm making from interest and the money I make from my job, I'm currently getting around ~$5,000 a month after taxes.

My crypto stack is going straight back into crypto once this bull market concludes and we go back to a bear market for 4 years.

I wouldn't touch cryto right now, as everything is inflated and is ready crash. This clown market can't keep up much longer.

I hope this clown market collapses soon.


those dumb video card prices are mainly from the chip shortage no? i feel like until that shortage is gone we will stay in this crazy world

im curious to see what coins miners flock to once eth goes pos though, how will things play out. god i cant wait to see what happens


And the bottom fell out of NFTs and now the IRS is fully involved.


It isn't/wasn't a shortage in the traditional sense. Chip production has consistently only increased.
It was a dramatic increase in demand. It takes 2 years to build more factories, meanwhile there are more people buying consumer electronics then ever before, and the chips are used in damn near everything.
So capacity for production just can't keep up at the speed of demand increases, at least for now.


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These are the people you're selling your bags to


makes me feel better about pissing NEETbux away on drugs and fast food delivered.


My views on crypto-currency


I really feel it is 2013 all over again. Everyone was talking about crypto, online discussions were happening then it crashed. I rarely saw people talking about coins in between 2016-2019. Only around early 2020 the talk started to rise again.
In my 3rd worldshithole the local webpages are full of crypto discussions, I even seen billboards advertising crypto exchanges. I really reminded me of the late 2013 rally so I'm very very reluctant to invest one bit. But as other wizards pointed out, it is really difficult to know where the bottom is. >>269578

Even if I somehow mark the bottom with luck, it might take years to have another bear run, if such a run will happen at all. Suppose bitcoin goes down to 5k and will be 100k in about 5 years. I would need to put at least 15k and hope that there will be an extreme rally.
I don't know, I don't have the stomach to do it, my congratulations to anyone who constantly bought bitcoins around 2016-2018 when it was around 3-5k and then cashed out at 30-50k. I don't think such a rally will happen ever again, after this bulls crash.


>selling your bags
this is why I can't get into crypto. No matter how much of an act these people put on pretending that their meme dog coins are "revolutionary technology" in the end they see these coins as nothing more than worthless beanie babies that they can maybe pawn off to suckers at a profit if they're lucky.


that's what it always was about


This was my biggest mistake. I knew about bitcoin since 2011 but everyone back then saw it as a payment system. I never met someone who thought it as an asset. It was not. It was just a mean of transaction and for 2012 to buy weed on silkroad.
That changed in 2013 imho and for the first time people started to treat it like an asset and I thought the exact same thing as you did. They have no value as asset, they are very prone to market manipulation, they have no inherit value and so on.
I underestimated peoples desire and how this might have blown off. I felt quite smug when I saw the 2013 crash and though no such bitcoin memery will happen again.


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so what happens when eth is no longer profitably mineable? any predictions?

i think asic resistant pow coins all collectively take a big shit as miners flood their networks with their previously ethereum hardware. and pos coins collectively rise with ethereum. for the first few months at least


Sell everything before the crash


Damn, I'm 25 y/o and I've never had more than $1500 in cash, I don't even know how more than that could look like in a bank account, and this retard lost 250k.


I missed out on Bitcoin because I thought the same thing that it would just be a way to buy drugs. I still do think that's all it is and it'll all come crashing down sooner or later


>It was just a mean of transaction and for 2012 to buy weed on silkroad.
This is literally Monero rn, personally I'm not going to miss the same boat twice.



Was thinking about using one of my computers to mine some but nervous it would cause the components to wear out faster. Since they are computers I still use for things I would really prefer not having to replace them every few months.


if you're talking about mining monero with your cpu, dont even fucking bother. it isn't even profitable. just buy the coins with money and hold onto them or something


I Don't have to pay for electricity, and I was thinking gpu but whatever.
I Still haven't even thoroughly researched it, only heard it's viable without special equipment.


oh you replied to a guy talking about monero so i assumed that was what you were considering mining. you mine that with cpu, because it is resistant to asic and gpu. the problem is that monero isnt really profitable to mine

you could look into gpu mining but just know ethereum is going away soon


Why isn't monero profitable?
Why do people do it if it isn't profitable?


I still think that there is no guarantee that monero will be the dominant coin in future. I looked into archives a little bit and found posts from 2013-2014 about how Monero was shit how darkcoin and bytecoin and anoncoin were far superior. There was this one post that talked how he went 2 million with bytecoin instead of monero. I bet he regrets that now.
You cannot be sure that monero will be the dominant coin in next 5 years. Just because bitcoin was used as weedsilkroadcoin in 2012 doesn't mean that monero will experience the same shit.
One might argue from a perspective of fundamentals. That monero is more anonymous or that it is being used to actually purchase stuff (even if its drugs) rather than a memecoin. But that doesn't mean it will remain as such. Even if nothing bad happens to it that does not guarantee anything.
To predict what coin will rise is like predicting which dotcom company would rise in 1997. It is like me saying yahoo is shit and altavista would be dominant in near future. Not even knowing that google would be dominant, as it was founded in 1998. Maybe anonymage coin founded in 2024 will be the dominant coin. Maybe monero will rise to 50k and you will think it will rise even further but then sinking to 100 only to never rise up again. You really cannot predict it.
You cannot even index as you can in the stock market. Maybe it was doable for 2011-2014, back the buying 100 bitcoin 100 bytecoin 100 monero 100 anoncoin 100 ethereum might made sense. But today in order to do such indexing you need to have a lot of money, supposed you buy 5000 different coins each being 1 dollar. you would need 5 different coins go up by 99900% to get back that 5000. And whether coins like stonks (god I hate this shitty misspelling hodl etc but anyways) can only go up is also debateable. Past behavior does not guarantee future will be the same.
One final thing I have a beef with it is that besides the few weed buyers online people seem to hold monero for the hope of it going to the "moon" rather than appreciating it as it is, an anonymous coin.

Anyways just my two cents. Yes I regret not buying into the curiosity of bitcoin in 2011 (whether I would not sell it when it was a 100 or 500 or 1000, whether I would not lose it whether I would buy more than 3-5 are different matters and I think many people forget to include these factors in their regrets) but I still don't think going all in on one coin is a good thing.
If you have 5000 usd and want to buy monero sure go ahead. But there is absolutely no guarantee that you will not end up with the guy bought anoncoin back in early 2013 with the same amount.
I'm happy to read any counter arguments however.


>this might be off topic, but I noticed that memes are a way to go. Look at how some meme comments on youtube are spreading like a literal cancer. I'm not saying this in negative light, it's literally like a cancer, meaning it's spreading insanely fast and for longer periods of time.
This is infuriates me and it is just getting worse and worse. Go to any movie scene where a character dies and there is a very good chance of seeing a comment that says "I can't believe [x actor] was willing to die for the role. That's dedication!" and it will have 1000 upvotes. I hate this world so fucking much.


I bought a couple trillion of Catgirl Coin in June and apparently now it's worth a a couple thousand bucks.


the hardware is just too expensive for not much profit. the best cpu you could mine monero with is a threadripper 3990x. it costs like over $5000. if you were mining on that with 60000h/s at 300W, even with no electric that is under $2 per day. that's like a 7 year ROI WITHOUT electric costs. people are mining monero because they believe it has value long term and so whatever they mine now. for that same investment in a threadripper you could buy 10x 1660 supers and mine ethereum for $14/day profit even after paying $2 in electric costs


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Are nfts the same as crypto currency?


not really, it is just a way of categorizing crypto. fungible tokens vs nonfungible tokens. if 1 token (entry into a blockchain) is worth the same as any other, they are fungible


Not even A little functional speaking.

Crypto is like Disney dollars or a non-government backed currency.

NFT are like athenticated digital trading cards.

Printed currency and trading cards may have the similarities of being printed and made on a paper product but other than that they couldn't be more different.
With the digital equivalent while both use ledgers that is where the similarities end in function.


How come it has taken this long for digital trading cards to become a reality?


No, it's literally the same only bitcoin is fungible and NFTs aren't. Therefore NFTs have value like a painting or something where each one is different depending on the market for that NFT but bitcoin just has an exchange rate that is the same for everyone that determines its value and they're all the same. They're both just public ledgers of ownership stored on blockchain and their value is completely created by those who buy and sell them. How are they different?


I think you hit on the key difference. Bitcoin is fungible and therefore usable as a currency that could be used to denominate the value of other things, whether an NFT or a bag of weed. If you're going to trade in NFTs or bags of weed, then that comes down to barter unless you use a currency in between whatever trade you're making.


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I saw NEETX being shilled here a couple days ago and decided to put a few thousand dollars into it. It's a pretty new token so the market cap is very low. With anti-work sentiment trending among normalfags I think this has the potential to blow up in the near future. Still a gamble but looks promising.


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>I saw NEETX being shilled here a couple days ago


Anyways, I just bought some. First time ever using BSC.


>I saw NEETX being shilled here a couple days ago
Yeah, by you.


Ultimate stage capitalism. Only millions of bullets into millions of heads can fix this. Gas the techbros, dekulakization of the IT class NOW.


Just blow up already Mr. sun i'm ready for a long nap


This is so ridiculously dumb. You are throwing away your money. The whole concept is that it is a ponzi scheme for people who don't want to work. How exactly do you expect people who aren't working to afford to pump up your ponzi scheme?

For a shitcoin to be a success it has to have some sort of a narrative surrounding it that makes people think the value of the coin will take off. This is just someone typing out the aspiration of people who don't want to work get rich through speculation, that is not a good sales pitch for the value of the coin.


I only threw $1,000 at it.


cool, i am throwing zero in. shill elsewhere faggot.


Again, the market cap is very low right now. If you put in around $2,000 you own 1.5% of the total circulating supply.
>For a shitcoin to be a success it has to have some sort of a narrative surrounding it that makes people think the value of the coin will take off.
The narrative is the anti-work movement. That's gaining traction among normalfags right now, and if investors think that they'll be able to profit off of this meme they'll buy in. The community around seems to be very active, if the energy begins petering out I might take my money out but it doesn't look like that at this point. If coins based around dog memes can moon based solely on speculation then I think this has a good chance of doing so as well.


We're going to be organizing a shill campaign in the telegram in a day or two, the price will probably pump 5x from here, since it's only $100,000 marketcap at the moment and even buying $1,000 pumps the price a bit.

Watch this baby 5x in the coming days.


This neetx coin is a literal pump and dump that advertises itself as a pump and dump


All crypto currency is a pump and dump.


ill be honest and say i dont understand all those weird coins that arent pow. i understand pos roughly. but stuff like binance and neetx… what the shit?

>Anyone can create a BEP20 token on BSC with any name, including creating fake versions of existing tokens and tokens that claim to represent projects that do not have a token.

it sounds like stocks that are purchased using us dollars and converted back and forth, instead you use a specific token to convert it into other tokens or something. i dont get it and dont trust it really


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BEP20 tokens are just tokens on the Binance Smart Chain.

You can use decentralized exchanges like Pancakeswap to trade any BEP20 token.

On Pancakeswap, you have to use BNB (Binance Coin) to exchange and trade BEP20 tokens.

To fund your Binance Smart Chain wallet with BNB, you can use the Rubic exchange to swap Ethereum tokens on the Ethereum blockchain for BNB on the Binance Smart Chain, which gets deposited into your Binance Smart Chain wallet.

Another way to fund your Binance Smart Chain wallet with BNB is through centralized exchanges, like Binance, Kucoin, Coinbase, etc, where you buy BNB on the exchange, then just withdraw to your Binance Smart Chain wallet.

To view information about a specific BEP20 token, you can use Poocoin to view charts, holders, liquidity and any recent trades.

The most popular Binanace Smart Chain wallet is MetaMask (MetaMask supports almost all blockchains).

Binance Smart Chain is a centralized blockchain operated by Binance, with the fees being a few dollars each transactions and the transactions being almost instant. Ethereum on the other hand currently has fees in the $120+ range and it takes a little while for transactions to be confirmed.


please cool it with the shilling


not really shilling, he is directly explaining how the shit works after i posted saying i dont get it

so bnb is proof of stake, has smart contracts, and all those weird bep20 tokens are just literal currencies that are built on it and anyone can create a bep20 token

i still don't see the point of it all, what is the difference between one bep20 token from another? why would one be more expensive than another, can they do something different?

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