Accept your perceived reality. n,l,e, I am the one that hides In Flames and fire. Ingested listen to them.🔨
Age 34
Adventurer
Coney Island Comm. College
Capital Wasteland
Joined on 2/12/02
Posted by iscrulz - August 20th, 2021
So long, Bitcoin a different coin will usurp your throne as the highest market cap.
Post your average costs. $2.8 9/12/21 01:08
$2.54 11/02/21 12:41
$2.29 12/16/21 12:23 🤡(43.54%) 🐻
$2.22 12/31/21 19:14 💀 (40.72%) 🌈
$1.80 05/03/22 12:40 🌪 (56.04%) 🌋
$1.32 06/29/22 3:59 🌇 (64.42%) 🏵
$0 09/08/23 1:06 🤢 (100%)
ADA is back baby. Stay tuned for new positions. I sold PEPE yesterday 11/13/24.
I don't follow but seems interesting...
Do you deal with crypto? Any ideal marketplace out there?
Yeah, special contracts and decentralized apps, finance is interesting. I buy and sell crypto but I don't use the computer platforms on the blockchain. ADA is the novel token of Cardano from Charlie Hoskins' IOHK unlike old school cryptocurrencies like Bitcoin and Ethereum it's earned by proof of stake not proof of work from supercomputers mining bitcoin. I also have a few hundred dollars worth in ETH once it goes to proof of stake it's going on a bull run. A month from now Cardano is going to hard fork into a new stage called Vasil.
Hmm proof of stake... is there a simple way to explain that concept? Just recently got my head around the less environmentally ideal equations currently in use for all that. XD ETH may rise hmm, thanks for the tip, and Cardano seems worth looking into...
Maybe this is a question that just shows my lack of insight in the field, but what do you think about traditional financial institutions/banks getting involved in the cryptocurrency game these days? Any chance they'll break the system/make it less financially viable for everyone?
TBH I don't know how staking works I haven't educated myself in the details. It's more environmentally friendly is the biggest factor that average Joe feels contempt for. ETH, BTC, ADA will go back once the general stocks and bonds go up in the next bull market. Cardano's total lock value is high I hope it springs past $10.
I don't like traditional banks, market makers, and hedge funds manipulating crypto, They have the purchasing power to buy to pump it and sell to dump it. Goldman Sachs already is involved. I am guessing a stable coin like USDC will be controlled by the federal reserve but the classic dollar will stay indefinitely. It will be a few generations before crypto is used to purchase everyday items. Amazon, Walmart, Costco, etc will definitely utitlize it.
Ah, well, good to know even the experts don't always know. :P Some day when spare time is in surplus I shall attempt to learn these things properly... gotcha on the rates.
Wonder if USDC will get the same power internationally as the classic dollar has... does feel like if the digital bubble doesn't suddenly break, for environmental reasons for example, then it's likely digital currencies will be way more widespread in time. I'm just hoping they won't be regulated the same way that traditional money is. IOW that the value thereof truly is controlled more so by supply and demand than by political factors. And the banks definitely do have resources yeah... hope the future here's bright and functional; not just another area of endless incremental profit for the big ones at the expense of everyone else's minor investments.
So far feels like a field where the people really have had an opportunity to get some.
I think there will be a digital bubble pop or selloffs and then panic selloffs will happen. The EPA in the US lost its regulatory powers well at least for a West Virginia coal plant. Rumors are other Executive branch agencies will too. Since the Supreme Court is conservative and Biden is pushing climate activism since day one I wouldn't doubt that's the justification. Crypto my guess is predominantly proof of stake not work like bitcoin is.
Well here's to hoping for the future. Let's get through the recession and enjoy the inevitable crypto bull run. Winter is here if you are invested and can afford to lose everything you have staked then HODL. (or keep buying the dip)
Interesting. Better opportunity to invest then? Wait till the bubble then buy? Or you mean a bubble where suddenly it's crypto everyone starts investing in more so than traditional currencies?
Yesss let us do that! Whatever you invest in though it seems key to: diversify your funds.
It's too hard to tell if the bottom is here or the bottom is still lower. If the Fed is hawkish crypto and stocks will spook however there is a chance of stagflation and record YoY inflation each month. I would buy before more people buy crypto than fiat.
There may be a housing crash or not. The fed needs to slowly sell the real estate assets. Let the market correct itself. I diversify mostly tech stocks and crypto but a few shitcoins and calls on triple inverse leveraged S&P 500 ETFs could be worth the risk.
I'm starting to like eth as it has no max supply but those gas fees though
I am thinking the change or merger or flippening will lower gas fees. I only stake it in Gemini to earn interest not use the computer platform.
Triple inverse leveraged S&P 500 ETFs whaaat is that? XD More to look into...
Regarding the housing bubble it seems that might be an international thing. If people can't afford loans they can't afford to buy and real estate should hopefully have to balance out a bit better. I'm waiting/hoping for something such to happen so I can maybe finally buy my a little house of my own somewhere, without loans...
As for diversifying funds: there's also the opportunity to invest in construction loans and similar. Crowdfunding for companies. Invest in projects that seem safe and get back ~10%/year on your investment, and the full investment within a year or two. Better rates than traditional savings. Probably not better than crypto in the long term but useful if you don't want to bet all on digital/stocks. There's at least a little safety.
My understanding of financial products is somewhat above mediocre there are definitely some very complicated derivatives in inverse (bear) or double/triple etf/mutual funds only for real short-term options trading.
I assume Credit Suisse or Deutsche Bank or other Europe central banks manipulate real estate like Wall Street does in the US. If the prices drop the interest rates will soar so getting a nice cool home without a loan would be the way.
Crowdfunding and construction loans are something I should look into. I am waiting for Stripe, Reddit, etc IPO's so I can dump it as the venture capitalists do. Once the QE starts IPO's will come back.
Mmm I'm wondering if the US doesn't have a play in real estate manipulation over the world at this point, the really big banks at this point are international, and all US based too. Curious how big of an impact one country can really have on the whole world...
Since this post btw real-estate prices have definitely been dropping about here, but so far they're in a way just leveling out, the asking price has become the selling price. Haven't looked into the fund stuff yet.
Stumbled upon an investment site recently where you can fund startups, with minimum investments on ~100,000 USD... the returns are great but holy shit the levels there are to the investment world! Some are still way off limit. But maybe this'd be of interest: https://mainvest.com/businesses/
i love your ingested pfp
Hell yeah
GraywulfDaDolf
cardano byron better