Doc Posted November 23, 2022 Posted November 23, 2022 8 hours ago, DrDawkinstein said: Gives me a little solace to see that the rich are getting scammed in crypto too 🤣 That’s a stupid amount of money to invest in anything, much less crypto. 1 Quote
Jauronimo Posted December 1, 2022 Posted December 1, 2022 On 11/22/2022 at 6:19 PM, Doc said: That’s a stupid amount of money to invest in anything, much less crypto. What do you do when you have a stupid amount of money to invest? I hope to find out one day. Quote
aristocrat Posted December 1, 2022 Posted December 1, 2022 On 11/16/2022 at 1:32 PM, Greybeard said: I went to the post office today, and there was a Bitcoin machine next to the stamp machine. After some thought, I bought $500 in Forever Stamps. In the end, I think that will be a far better investment. wasn’t this the original Ponzi scheme? I think it was ponzi claiming he could buy stamps overseas cheaper and sell them here for a profit or something. Quote
Jauronimo Posted December 1, 2022 Posted December 1, 2022 21 minutes ago, aristocrat said: wasn’t this the original Ponzi scheme? I think it was ponzi claiming he could buy stamps overseas cheaper and sell them here for a profit or something. Basically. https://en.wikipedia.org/wiki/Charles_Ponzi Quote
Greybeard Posted December 1, 2022 Posted December 1, 2022 50 minutes ago, aristocrat said: wasn’t this the original Ponzi scheme? I think it was ponzi claiming he could buy stamps overseas cheaper and sell them here for a profit or something. I was unaware of the Ponzi scheme connection to stamps. The link that Jauronimo posted is a good read. The one thing Crypto shares with Ponzi, those that got in early mostly made out ok. Those that got in at or after the peak, not so much. In the end the value of anything is what you can get for it. That applies to Crypto, stocks, housing, classic cars, beany babies, baseball cards, etc. I forgot, the Greenback. Quote
Poleshifter Posted December 8, 2022 Posted December 8, 2022 On 12/1/2022 at 1:20 PM, Greybeard said: The one thing Crypto shares with Ponzi, those that got in early mostly made out ok. Those that got in at or after the peak, not so much. My first crypto purchase was in October 2020. I have continued to purchase XRP and XLM since that time. There is still time to buy into those assets and make money from them. But this is not the "buy today, sell next week" kind of trading. It takes some patience to wait for the market to change. When things change, it will be dramatic. If you believe in Forbes, here is an article on Ripple/XRP. Forbes article on Ripple (XRP) Quote
Poleshifter Posted December 9, 2022 Posted December 9, 2022 1 hour ago, Limeaid said: Isn't this fad like mood rocks done? Crypto a fad? Hardly. It is the future of business. if you know which coins will be used in the financial systems, you can make a lot of money. The coins which can’t be regulated (BTC, Eth, etc) are pretty much a fad. 1 Quote
Jauronimo Posted December 9, 2022 Posted December 9, 2022 13 hours ago, Poleshifter said: Crypto a fad? Hardly. It is the future of business. if you know which coins will be used in the financial systems, you can make a lot of money. The coins which can’t be regulated (BTC, Eth, etc) are pretty much a fad. Would you say the future of crypto lies in centralized, regulated, trackable utility tokens? Quote
Poleshifter Posted December 9, 2022 Posted December 9, 2022 2 hours ago, Jauronimo said: Would you say the future of crypto lies in centralized, regulated, trackable utility tokens? Regulated. In compliance with ISO 20022. 1 Quote
Poleshifter Posted December 31, 2022 Posted December 31, 2022 I have mentioned ISO 20022 a few times. Here is an article explaining what it is all about, which cryptos are ISO 20022 compliant, and why it is important. ISO 20022: the revolution in financial messaging and the crypto world 1 Quote
DrDawkinstein Posted January 13, 2023 Posted January 13, 2023 We're BACK BABY!! TO THE MOOOON!! (lol) Quote
DrDawkinstein Posted January 17, 2023 Posted January 17, 2023 Up 20% over last 7 days! Sell now and buy back cheaper when it all crashes next week! Quote
Poleshifter Posted February 15, 2023 Posted February 15, 2023 If you have invested in Ethereum, you may want to read these articles. Ethereum staking ban? SEC overshadows shanghai hard fork With the SEC going after Staking, the Ethereum Shanghai Hard Fork Upgrade (due on March 20) might not be good news as originally hoped. If the Seven Siblings is activated on Ethereum, this major sell off will crash the price badly. If you want a good alternative to ETH, Stellar Lumens (XLM) would be a wise choice, even though some posters like to give me grief about it. Why Stellar Lumens? Stellar Lumens joins CFTC global market advisory committee Quote
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