Author Topic: Crypto Culture  (Read 2126 times)

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Online Based Shady

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Re: Crypto Culture
« Reply #30 on: January 11, 2022, 06:34:44 pm »
I certainly don't want to discourage you from investing in it.  ;)
You canít, yours is not an informed opinion.

Online Black Dog

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Re: Crypto Culture
« Reply #31 on: January 11, 2022, 10:11:15 pm »
Btw, if anyone is interested, https://decentraland.org/

Isn't this just, like, Second Life?

Offline MH

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Re: Crypto Culture
« Reply #32 on: January 12, 2022, 09:16:25 am »
You canít, yours is not an informed opinion.

But - WHAT IS THE INFORMATION ?

What makes something a better bet than something else ?

Online Based Shady

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Re: Crypto Culture
« Reply #33 on: January 12, 2022, 09:46:58 am »
Isn't this just, like, Second Life?
Sort of, yes.  Except you can do real world things in it.  Facebook is doing something similar.

Online Based Shady

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Re: Crypto Culture
« Reply #34 on: January 12, 2022, 10:47:46 am »
But - WHAT IS THE INFORMATION ?

What makes something a better bet than something else ?
The reasons vary.  But some if it has to do with gas fees, which refers to the unit that measures the amount of computational effort required to execute specific operations on a particular network, like Ethereum.  Some of it has to do with projects that they're associated with.  Like Mana for instance, being associated with Decentraland.org and being used in Facebook's metaverse.  However, some of it like anything is speculation.
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Online Black Dog

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Re: Crypto Culture
« Reply #35 on: January 12, 2022, 11:08:50 am »
Sort of, yes.  Except you can do real world things in it.  Facebook is doing something similar.

Why would you want to?

Offline MH

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Re: Crypto Culture
« Reply #36 on: January 12, 2022, 12:33:54 pm »
The reasons vary.  But some if it has to do with gas fees, which refers to the unit that measures the amount of computational effort required to execute specific operations on a particular network, like Ethereum.  Some of it has to do with projects that they're associated with.  Like Mana for instance, being associated with Decentraland.org and being used in Facebook's metaverse.  However, some of it like anything is speculation.

So - betting on their networks and uptick as well as how efficient they are at generating the juice ?


Online Based Shady

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Re: Crypto Culture
« Reply #37 on: January 12, 2022, 12:41:12 pm »
Why would you want to?
To be free from banks.

Online Based Shady

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Re: Crypto Culture
« Reply #38 on: January 12, 2022, 12:43:10 pm »
So - betting on their networks and uptick as well as how efficient they are at generating the juice ?
Yes, pretty much.  There's still a lot of it that can be risky, but the general rule is you only invest as much as you're comfortable losing.  The easiest way is to use the WealthSimple app.  It's nice because you can invest in crypto or you can invest in regular stock in the Dow or Nasdaq.

Online Based Shady

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Re: Crypto Culture
« Reply #39 on: January 12, 2022, 12:47:39 pm »
Iím up 5% in the last 24 hours!

Offline MH

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Re: Crypto Culture
« Reply #40 on: January 12, 2022, 09:10:00 pm »
Imagine trying to bet on one of these babies out of the gate

https://www.youtube.com/watch?v=oxfqZaw_5d4
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Online Based Shady

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Re: Crypto Culture
« Reply #41 on: January 12, 2022, 09:38:22 pm »
Imagine trying to bet on one of these babies out of the gate

https://www.youtube.com/watch?v=oxfqZaw_5d4
Definitely.  Obviously Amazon and Yahoo wouldíve yielded great results.  Netscape would have if Microsoft didnít put them out of business.

Offline Queefer Sutherland

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Re: Crypto Culture
« Reply #42 on: January 12, 2022, 09:57:49 pm »
Imagine trying to bet on one of these babies out of the gate

I remember there was an insane flurry of speculative investing during the dotcom boom in the late 90's, and then it all crashed.  Reminds me exactly of crypto.  I wouldn't touch it with a 100-ft pole.  Over-speculation almost always ends in disaster.
I queef, therefore I am.

Online Boges

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Re: Crypto Culture
« Reply #43 on: January 13, 2022, 07:36:17 am »
I remember there was an insane flurry of speculative investing during the dotcom boom in the late 90's, and then it all crashed.  Reminds me exactly of crypto.  I wouldn't touch it with a 100-ft pole.  Over-speculation almost always ends in disaster.

The hype is all about FOMO. People who just got in, need more people to adopt or their investment isn't worth it.

Typical pyramid scheme. At least with Real Estate, Art or Gold, you have something for your efforts.
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Online Based Shady

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Re: Crypto Culture
« Reply #44 on: January 13, 2022, 08:11:25 am »
I remember there was an insane flurry of speculative investing during the dotcom boom in the late 90's, and then it all crashed.  Reminds me exactly of crypto.  I wouldn't touch it with a 100-ft pole.  Over-speculation almost always ends in disaster.
Yes, but crypto, like Bitcoin has been around for over 10 years.  Itís not like the dot com boom.
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