Social 📈 Crypto

[marv.]

I think it was 2017, about half a dozen people I worked with in the mines made a few million dollars on Crypto.
On Tron TRX I think it was so it’s definitely doable.
One of the guys quit and got greedy and tried to make it a business instead of buying property etc he was back at our work 2 years later.
He made about 2 million and blew it all.

holy shit!
on both points.
that’s amazing. thanks man

 

[Inruin]

Social Thread '📈 Crypto'

Sep 8, 2023

Crypto meltdown: Customer claims Dasset CEO cost him $5m​

In the latest developments around the failed Auckland-based cryptocurrency exchange Dasset, a customer claims its CEO Stephen Macaskill cost him $5m; Macaskill goes missing, leaving liquidators in a bind; MPs talk up self-regulation in a select committee report on crypto; a former director fronts on why he decamped to El Salvador; and the Reserve Bank confirms the ex-director’s role on a virtual currency panel.

The immediate outlook is looking worse for customers and creditors of Dasset, the Auckland-based...

• miket12
• Replies: 75
• Forum: Social

• 

Other crypto thread here

 

[Inruin]

The last couple of days have been shit. Not good if you have a heart condition. Dropped about 20% of the value of what I had. Now back up and I'm slightly ahead of where I was 3 days ago. If I needed a reminder of how volatile crypto can be the last two days were it

The question I have is if it is so volatile how can it be used in a real world situation to provide people with any sort of certainty of value?

 

[MrFrankWhite]

The last couple of days have been shit. Not good if you have a heart condition. Dropped about 20% of the value of what I had. Now back up and I'm slightly ahead of where I was 3 days ago. If I needed a reminder of how volatile crypto can be the last two days were it

The question I have is if it is so volatile how can it be used in a real world situation to provide people with any sort of certainly of value?

thats the neat trick. It cant

 

[MrFrankWhite]

DCA BTC and dont let it get to more than 20% of your portfolio. Make sure you are buying physical gold and silver to counter.

Anything else is pure gambling

 

[Dantheman]

The last couple of days have been shit. Not good if you have a heart condition. Dropped about 20% of the value of what I had. Now back up and I'm slightly ahead of where I was 3 days ago. If I needed a reminder of how volatile crypto can be the last two days were it

The question I have is if it is so volatile how can it be used in a real world situation to provide people with any sort of certainty of value?

-20% is child's play . Crypto definitely isn't for the faint of heart. @MrFrankWhite has some sound advice.

 

[Inruin]

-20% is child's play . Crypto definitely isn't for the faint of heart. @MrFrankWhite has some sound advice.

in 2 days it seems a bit more than child's play

 

[hornbybrown]

in 2 days it seems a bit more than child's play

It’s not for crypto, it’s bouncing back strong

 

[wizard of Tauranga]

Was its volatility when Trump tinkering with tariffs and the economy got a fright?

Great store of wealth then isn’t it

 

[Noitall]

Was its volatility when Trump tinkering with tariffs and the economy got a fright?

Great store of wealth then isn’t it

Great way for wealth to be filtered from one to another without having to go through the system and any transparency

 

[MrFrankWhite]

Great way for wealth to be filtered from one to another without having to go through the system and any transparency

This, this and 1000x this.

 

[MrFrankWhite]

I’m learning towards Satoshi Nakamoto being an intelligence agency creation.

 

[Inruin]

I saw an interesting theory the other day. That Bitcoin was the first cab off the rank and obviously has some pretty obvious limitations, particularly in the utility of the coin.

They felt that it might end up like Napster being overtaken and replaced by Spotify, Itunes etc...

 

[wizard of Tauranga]

Great way for wealth to be filtered from one to another without having to go through the system and any transparency

Time will tell…

I agree on a system outside the system to transfer between individuals, but if that system is only underpinned by endlessly inflation it’s not sustainable.

 

[MrFrankWhite]

Time will tell…

I agree on a system outside the system to transfer between individuals, but if that system is only underpinned by endlessly inflation it’s not sustainable.

BTC is deflationary

 

[FormerlyJamesW]

They felt that it might end up like Napster being overtaken and replaced by Spotify, Itunes etc...

It's even worse. It was taken over by idealists, at a time of financial desperation.