The Crypto Thread

i think it’s very generous to welcome peeps to your discord, and the value it provides.
i havn’t really taken advantage of it, but Thank You.

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https://twitter.com/nayibbukele/status/1485031106982428677

I think the crypto guys are a little thin-skinned sometimes, but you’re out of control today, my man.

Don’t know how you folks are doing on crypto but man did I not do a good job buying Moderna stock at $400 a share.

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Alright, I’m gonna exit as there seems to be near unanimous scorn for my takes. Hope you all get/stay rich. Cheers.

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Unless you have some special insight, I don’t see how you expected to beat the market here. Surely “Moderna’s going to be churning out lots of vaccines” is something that’s already baked into the price?

there’s no such thing as baked into the price

it’s just you don’t buy right when everyone in the nation got a check for $600 and it’s in the news

Why wouldn’t it be? Surely people buying shares are factoring in future pandemic-related business.

it could be the most obvious thing in the entire world and half the people on the news would be surprised about it is why I say there is no such thing.

Personally, I wish you guys had come into the crypto thread to brag more. I blocked the topshot thread after a reading a few posts because it sounded like the dumbest shit ever and had no idea what was going on until November.

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It isn’t so much about whether or not specifically bitcoin is a ponzi scheme. Some of the alts are and that isn’t debatable. But solid companies during the dot com bubble that are massive today also crashed along side companies that were ponzi schemes. Beginner investors didn’t know the difference so they threw money at everything which is partly what is going on again. I think btc will continue to be a viable product but the current price with what it’s up against is hard to justify.

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I do not. I have fuck around and find out money for the stock market. I fucked around, I found out. I treat it no different then betting on craps in a casino. I’m going to hodl it till it gets back to $400 or I die though, whichever comes first.

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All I know about bitcoin is that it’s fucking horrible for the environment and for that reason alone I really hope it fails. After, of course, you guys all get your winnings out of it.

I want to make money with crypto and nfts. It seemed (at least during the bull market) that I could just follow the pump and dumpers on twitter but the fees for ether made it impossible for non trivial sums.

I don’t really want to get into this argument here, but I’d just say this is a spot where there are legitimately two sides to this argument and its worth understanding both view points on it.

https://opensea.io/collection/ghozali-everyday

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Apparently Florida is about to stop making the electric company buy electricity from solar roof tops. There might be an opportunity to start some business sharing/helping/teaching noobs how to mine crypto.

Base on the article title I’m going to assume the author did zero research. Collection trading volume of 1 million dollars means he probably made $50k-100k from the sales fees.

Im curious, how much would it have cost him to mint the 800 or so jpgs?

I found this to be very good. It’s quite long but he doesn’t waste any words so there’s a lot packed in there.

(This might have been posted before (?) but I couldn’t find it and Discourse didn’t alert me to it being posted elsewhere)

I also found this to be a good read - especially the parts on Tether.

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