Crypto Currency

incessusmortuus
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Crypto Currency

Post by incessusmortuus » Tue Jul 17, 2018 8:30 am

Anyone into dealing with and investing in this stuff? I mean, I know it's not new anymore, and fluctuation rates are sometimes extreme, but...


What if you had an opportunity to be in, not ground floor, but the next boom? Possibly. I'm kinda on the fence whether or not it's worth while, but I'm expecting some interesting developments and would love to get someone who's more experienced with this then I am. Verification is always a wonderful thing.

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JoeNegative
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Re: Crypto Currency

Post by JoeNegative » Tue Jul 17, 2018 9:18 am

The short story: The boom is over. All of the major financial institutions plus other big corps are working on their own implementations of blockchain technology. Crypto-currencies not backed by either a government or big institution will become obsolete.

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Re: Crypto Currency

Post by Publisher » Tue Jul 17, 2018 10:00 am

The blockchajn tech makes great sense. If you got in at the front of the boom, and cashed out, you made a big profit margin.

Now, I couldn't find a single business locally that accepts Bitcoin.

I have what I call my Cheeseburger Theory on economics - the value of my trade needs to meet or exceed my expected cheeseburger acquisition. In this scenario, Bitcoin = 0 cheeseburgers. Hence zero value.
"All that's necessary for the forces of evil to win in the world is for good men to do nothing."
- Edmund Burke

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Re: Crypto Currency

Post by incessusmortuus » Wed Jul 18, 2018 9:22 am

I get where you two are coming from, I really asked because I've recently become privy to a plan to drive the price of a particular currency up, that actually seems possible to pull off, not only because it's not a PnD, but because the people involved in scheme don't even know it's in place, just that they plan on making as much as possible off the investment while everyone else does the work, unknowingly.


And to counter your cheeseburger theory of economics, as a member of the bay area, I have eaten at and worked for at least 1 restaurant that accepted bitcoin.

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Re: Crypto Currency

Post by YAG » Wed Jul 18, 2018 1:18 pm

incessusmortuus wrote:
Wed Jul 18, 2018 9:22 am
I get where you two are coming from, I really asked because I've recently become privy to a plan to drive the price of a particular currency up, that actually seems possible to pull off, not only because it's not a PnD, but because the people involved in scheme don't even know it's in place, just that they plan on making as much as possible off the investment while everyone else does the work, unknowingly.


And to counter your cheeseburger theory of economics, as a member of the bay area, I have eaten at and worked for at least 1 restaurant that accepted bitcoin.
The nearest bay to me is about 120 miles.
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Re: Crypto Currency

Post by JoeNegative » Wed Jul 18, 2018 3:05 pm

incessusmortuus wrote:
Wed Jul 18, 2018 9:22 am
I get where you two are coming from, I really asked because I've recently become privy to a plan to drive the price of a particular currency up, that actually seems possible to pull off, not only because it's not a PnD, but because the people involved in scheme don't even know it's in place, just that they plan on making as much as possible off the investment while everyone else does the work, unknowingly.


And to counter your cheeseburger theory of economics, as a member of the bay area, I have eaten at and worked for at least 1 restaurant that accepted bitcoin.
I have advice from a couple of perspectives. First, if you are asking us about crypto-currencies and you’ve become privy to this plan, I would be be very, very, very careful that you are not the mark in this scheme. What little you’ve said sets off alarm sirens and bells and klaxons that there are shenanigans afoot.

Under normal circumstances I’m not remotely interested in crypto-currency as an investment vehicle.

But, when people got that easy money sure thing look in their eyes it’s nearly impossible to wave them off. So you do you, brother. Good luck!

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Re: Crypto Currency

Post by Lem » Wed Jul 18, 2018 9:59 pm

Invest in LemCoin- thanks in advance.
\m/

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Re: Crypto Currency

Post by Reefer » Wed Jul 18, 2018 10:03 pm

Lem wrote:
Wed Jul 18, 2018 9:59 pm
Invest in LemCoin- thanks in advance.
Reefercoin is a big hit!
Reefers love to propagate!

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Re: Crypto Currency

Post by vorlon » Thu Jul 19, 2018 12:08 am

Reefer wrote:
Wed Jul 18, 2018 10:03 pm
Lem wrote:
Wed Jul 18, 2018 9:59 pm
Invest in LemCoin- thanks in advance.
Reefercoin is a big hit!
Penny-ante stuff compared to the Vormark, the official currency of the Vorlon Empire!
All that is necessary for the triumph of evil is that good men do nothing.

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Re: Crypto Currency

Post by Lem » Thu Jul 19, 2018 10:16 pm

vorlon wrote:
Thu Jul 19, 2018 12:08 am
Reefer wrote:
Wed Jul 18, 2018 10:03 pm
Lem wrote:
Wed Jul 18, 2018 9:59 pm
Invest in LemCoin- thanks in advance.
Reefercoin is a big hit!
Penny-ante stuff compared to the Vormark, the official currency of the Vorlon Empire!
8) :lol:
\m/

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Re: Crypto Currency

Post by Publisher » Fri Jul 20, 2018 8:52 am

I hear investing in Vogon poetry is the way to go.
"All that's necessary for the forces of evil to win in the world is for good men to do nothing."
- Edmund Burke

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Re: Crypto Currency

Post by incessusmortuus » Sun Aug 12, 2018 2:59 am

JoeNegative wrote:
Wed Jul 18, 2018 3:05 pm

I have advice from a couple of perspectives. First, if you are asking us about crypto-currencies and you’ve become privy to this plan, I would be be very, very, very careful that you are not the mark in this scheme. What little you’ve said sets off alarm sirens and bells and klaxons that there are shenanigans afoot.

Under normal circumstances I’m not remotely interested in crypto-currency as an investment vehicle.

But, when people got that easy money sure thing look in their eyes it’s nearly impossible to wave them off. So you do you, brother. Good luck!
Yeeeeeeeaaaaaah. It's not so much easy money like, let's all get in on this, come on! It's more of a, _________ is what their plan looks to be, I cannot possibly invest or otherwise profit off of this, other than the possibility of it being information that's worth something. If the information isn't worth anything, I have exactly what I had before being given the information, which is nothing. If the information is worth something, then yay, I have something that someone might wanna buy. The major issue being that I don't know jack diddly about Crypto. So I wanted to get opinions. Shenanigans are definitely afoot, but what kind and how many, that's the question.
Publisher wrote:
Fri Jul 20, 2018 8:52 am
I hear investing in Vogon poetry is the way to go.
Only if you're trying to hasten the Heat Death of the universe..... which would explain so much. :ymhug:

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Re: Crypto Currency

Post by finman56 » Sun Aug 12, 2018 7:22 pm

Dude, put the bong down for 24 hours so you can speak and think coherently. =))
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Re: Crypto Currency

Post by JoeNegative » Sun Aug 12, 2018 7:41 pm

incessusmortuus wrote:
Sun Aug 12, 2018 2:59 am
JoeNegative wrote:
Wed Jul 18, 2018 3:05 pm

I have advice from a couple of perspectives. First, if you are asking us about crypto-currencies and you’ve become privy to this plan, I would be be very, very, very careful that you are not the mark in this scheme. What little you’ve said sets off alarm sirens and bells and klaxons that there are shenanigans afoot.

Under normal circumstances I’m not remotely interested in crypto-currency as an investment vehicle.

But, when people got that easy money sure thing look in their eyes it’s nearly impossible to wave them off. So you do you, brother. Good luck!
Yeeeeeeeaaaaaah. It's not so much easy money like, let's all get in on this, come on! It's more of a, _________ is what their plan looks to be, I cannot possibly invest or otherwise profit off of this, other than the possibility of it being information that's worth something. If the information isn't worth anything, I have exactly what I had before being given the information, which is nothing. If the information is worth something, then yay, I have something that someone might wanna buy. The major issue being that I don't know jack diddly about Crypto. So I wanted to get opinions. Shenanigans are definitely afoot, but what kind and how many, that's the question.
Publisher wrote:
Fri Jul 20, 2018 8:52 am
I hear investing in Vogon poetry is the way to go.
Only if you're trying to hasten the Heat Death of the universe..... which would explain so much. :ymhug:
I’m gonna go out on a limb and say that you’re better off googling what you want to know.

In a nutshell, crypto-currency uses what is called a distributed ledger to track who possesses what amount of the currency at any given moment in time. That’s about it.

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Re: Crypto Currency

Post by JakeMatthews » Mon Oct 03, 2022 3:23 pm

This is a very interesting question. It's hard to predict what will happen when the next boom happens. So you need to look for a reliable expert. In today's world, it's hard to trust anyone because everyone is ready to cheat for their own benefit. At https://hodlrate.com/, you can explore detailed, up-to-date information about cryptocurrency. I think HodlRate will help you find and compare the best accounts with an interest in cryptocurrency. All this is done so that users can develop their cryptocurrency faster. I wish you a good day.

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Re: Crypto Currency

Post by zero_nerves » Sun Oct 16, 2022 9:40 pm

The issue with crypto in mind kind is that it has failed in every promise. It's not decentralized, it's not anonymous, it's not stable, it's not a store of value, it's not accessible, it's not durable, and now we understand the environmental impact of millions of computers wasting energy to perform transactions.

If there is no underlying value in it, it's just speculation and gambling.

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