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  • Crypto Currency - Believers Only

Hursty Im putting a small fortune into them at the end of the month for the long game.

      Old-Dutch go back a couple of years and that would clearly be a bet on the horses, now it’s crypto investing talk!!

          Gate closing for take off on AMC & GME final call folks.

            RichM

            Sadly most of my other horses in the race appear to have fallen at the first hurdle…

              Bloodbath in the crypto and stock market today like - places getting margin called and the fed silently bailing places out apparently.

              Wally do you have any evidence for this?

                  Hursty Did you mention earlier in the week that they have a launch of some kind later this year?

                      LT42 They have been building a future proofed blockchain platform to allow developers and companies to launch their products on essentially.

                      Its taken 4 years of research and testing to get to the point whereby dApps will finally be launched this summer.

                      Once this happens, the sky is the limit.

                      • LT42 replied to this.

                          Hursty A mate living in the States had his Freewallet cleaned out, its a huge scam apparently, he only lost $500 dollars but still.

                          I own 44 Cardano thingmejigs right now. I’m settling in for the long haul 👊

                            How secure is Binance to the lads in the know? When the time comes if I want to just cash in and withdraw - how easy is this to do?

                            • Amps replied to this.

                              Funky I wish. AMC will get laddered down like it always does. I’ve had weeks of this

                                The old adage of ’if it’s too good to be true, it usually is’ really springs to mind.

                                Old-Dutch Get a hard wallet. Take all your coins off the websites / brokerages etc. and put them in your hard wallet. You can do what you like with them then. Get a physical password safe too.

                                Warning though, if you buy some proper esoteric coin where you have to sacrifice your first born to some ancient Sumerian fertility god whilst standing on one foot in a a bucket of custard and listening to Trisco - Muzak, you might find the wallet won’t except it, yet. The wallets get updated regularly with new apps as different coins get more popular.

                                    Amps
                                    Whilst I’m sure this advice is earnest, a lack of slang/buzzwords, what you’ve just learned off Reddit, undermines your credibility

                                    • Amps replied to this.

                                        I’m still not sure how everybody can make money.

                                        ‘A’ mines a coin for electricity cost $10
                                        ‘B’ buys the coin for $15 - $5 profit to A
                                        ‘C’ buys the coin for $20 - $5 profit to B
                                        ‘D’ buys the coin for $25 - $5 profit to C

                                        ‘D’ is now holding the coin and $25 out of pocket. The only way everybody can make money is if it keeps going up. Which it cannot. So eventually the price falls. All that profit made by A, B and C is just potential loss for D.

                                        The difference with investing in stocks in a company is that you are buying into what the company produces. The output from it. When you buy a bitcoin you are not buying into the bitcoin crchitecture, which has just become a behemoth of GPUs wurring away solving arbitrary puzzles. Similarly with Gamestop. You are doing it as something that feels like free money. And enough people are doing it that some people are riding that wave, but it is tulips. Nothing more.

                                        This is just a bunch of kids who have learned a few buzzwords. Its like a much more positive version of a conspiracy theory, all half baked and thinking you know more than the big guys. Talk of averaging out is just a polite way of saying you have lost money.

                                        Sure I’m pissed off I didn’t buy a coin in 2013 when I was reading about it and thought that looked quite cool, but no way I’d be getting involved now. Gonna be a lot of coin Bros camping out on venice beach soon imo.

                                          benson Here’s where I read it - but as usual more info has come to light since and it’s not quite as bad as it seems. Turns out the loans are a daily mechanism that has been in use for a while.

                                              Pretty much how I view it too Benson - but I fucking love a gamble.