The Crypto coin thread

[monkeybusiness]

We are entering a worldwide recession - the only people claiming cryptos are now cheap are people who own them. They were cheap 15 years ago, they’ve been mental of late (and in reality still are, just a bit less mental than people who got in too late hope)….

IMO of course!

[doobin]

12 hours ago, monkeybusiness said:

We are entering a worldwide recession - the only people claiming cryptos are now cheap are people who own them. They were cheap 15 years ago, they’ve been mental of late (and in reality still are, just a bit less mental than people who got in too late hope)….

IMO of course!

Yup, they are going to zero IMO. 

[kevinjohnsonmbe]

Do any of you crypto coin aficionados feel or accept any degree of culpability or complicity for the potential move towards a cashless society?

 

I don’t know if I would consider crypto coin ito be a facilitator or a barrier to central control of currency. 
 

I don’t have any BTW so not really backing any particular horse. I guess I’m a bit of a 🦕 if I can’t ‘bite’ it I don’t want it. 

[Retired Climber]

2 hours ago, doobin said:

Yup, they are going to zero IMO. 

There's a possibility that they were always supposed to. 

[Mark J]

13 hours ago, Retired Climber said:

There's a possibility that they were always supposed to. 

Why do you say that?

 

[Stere]

Quote

There's a possibility that they were always supposed to. 

 

Cryptic on crypto 🙂

 

 

[Steve Bullman]

On 11/11/2022 at 17:57, Rob D said:

Also I  don't think we've seen enough pain yet - need to have more stories of 'Bitcoin is a Ponzi' , all going to zero, more fear basically - when you start really double thinking yourself of buying the dip!

Hang on to your vvs though, we are going to be rich off of that one day 😂

[Stere]

/assets/img/marketwatch.dad5abb.png

FTX founder Sam Bankman-Fried's net worth dropped from almost $16 billion to zero | Morningstar

WWW.MORNINGSTAR.COM

 

 

 

[Retired Climber]

5 hours ago, Stere said:

 

Cryptic on crypto 🙂

 

 

Yep, a little cryptic, i agree. The truth is, nobody has the answers when it comes to crypto. Anyone professing to be an expert probably knows less than most. 

 

I employ and consult with other types of economist on a regular basis, and the idea that crypto was always going to hit zero (or very close) crops up with increasing frequency. Theories are aplenty, but vary in quality. 

 

Based on advice i've received, i get rid of crypto as soon as it's received, and then get rid of the cash as soon as i can.  I don't trade crypto per se, but receive ETH from NFT sales. 

[Mick Dempsey]

15 minutes ago, Retired Climber said:

Yep, a little cryptic, i agree. The truth is, nobody has the answers when it comes to crypto. Anyone professing to be an expert probably knows less than most. 

 

I employ and consult with other types of economist on a regular basis, and the idea that crypto was always going to hit zero (or very close) crops up with increasing frequency. Theories are aplenty, but vary in quality. 

 

Based on advice i've received, i get rid of crypto as soon as it's received, and then get rid of the cash as soon as i can.  I don't trade crypto per se, but receive ETH from NFT sales. 

You sell NFTs?
Thats complete bollocks though isn’t it? (NFTs I mean)