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Re: Gary Gensler's SEC sues Crypto Influncers and posts on his Twitter as propaganda
The celebrity tokens didn't stop even when Gensler was released by the SEC just a month later we saw a Hawk Tuah token rugpull their investors:
Nah screw that. If you bought a coin made by a person who's only known for spitting on dicks and thought it was going to moon then you deserved to be rugpulled.
In any case, the Hawk Tuah woman is fucked, because a ton of lawyers are engaged in making a class action lawsuit.
Far as I know unless the interpol is involved in her ass the US court might've been a little late with apprehending her. She's already overseas, far as I know somewhere in the Caribbean, probably splurging the millions of dollars she was able to rake from the clowns that trusted her. Although I still hope she gets what she deserves, honestly this industry's becoming too lenient on scammers that we gotta set an example to some of them every now and again, just so the people who think they could get away with shit through crypto are deterred.
So, I was casually browsing on the web and saw this hilarious story about Ryhan Serhant(agent) offered to buy 2 bedroom apartment in New York for 50,000 Bitcoin ($13,000,000) for his client on 2015. That's around $260 per Bitcoin on that time.
Now, that 50,000 Bitcoins is now worth $5B ($100k/btc). Yeah, that's a lot now and if that deal went through there will be for sure some holdings left on that seller but it didn't happen and the seller didn't like the idea and the worth of its valuation at that time because the value and the listing price of the apartment should be around $13,950,000 - $14,000,000 compared to the offer of the buyer which was valued less than approx a $1M.
Man, we gotta love all of these Bitcoin purchases in the past and the sellers didn't accept any of these offers. I'm sure that there are other documented purchases that ended up the same.
Full story and video: Man turned down a 50,000 Bitcoin house offer in 2015 and it’s worth a shocking amount today
X video link on the image below.
Quite funny but honestly? I don't think bitcoin would've gotten this big if not for these ludicrous purchases in the past. Now, that 50,000 Bitcoins is now worth $5B ($100k/btc). Yeah, that's a lot now and if that deal went through there will be for sure some holdings left on that seller but it didn't happen and the seller didn't like the idea and the worth of its valuation at that time because the value and the listing price of the apartment should be around $13,950,000 - $14,000,000 compared to the offer of the buyer which was valued less than approx a $1M.
Man, we gotta love all of these Bitcoin purchases in the past and the sellers didn't accept any of these offers. I'm sure that there are other documented purchases that ended up the same.
Full story and video: Man turned down a 50,000 Bitcoin house offer in 2015 and it’s worth a shocking amount today
X video link on the image below.
Little by little these purchases and usages of bitcoin allowed it to be seen by more people, to be expected by more enterprises as a valid payment method. Imagine if Pizza Hut didn't accept bitcoin back in 2008, or any store for that matter, you think bitcoin will be this big by itself? I don't think so. Can still remember that one meme where a starcraft tournament was held and the consolation prize for the 5th and 6th place was 25 bitcoins, imagine how much that was right now, or how rich those people feel against the ones that won 900 bucks lol.
It's these kinds of things that really made bitcoin what it is, the more people who regard of it as a valid mode of payment, or a viable investment, the more it grows in power and value, I myself don't mind if I have to take one for the industry and sell a couple bitcoins for a land property, provided I got that shit documented and stuff cause I'm a fame whore like that lol, just kidding.
I cashed in on 28k back in 2023, told by a lot of people that I'm stupid as fuck cause bitcoin's already got as big as it got and it will never pump any higher than 40k in the near future. As of this moment I'm still holding and have already more than doubled the money I put in.
You can't be too late with bitcoin especially these days, there will always be a higher price point that you will be able to reach given enough time. At the current state of bitcoin, at least in the foreseeable future I can safely recommend investing on bitcoin as long as you hold it long and don't sell every time the coin drops a cent like these paperhands.
You can't be too late with bitcoin especially these days, there will always be a higher price point that you will be able to reach given enough time. At the current state of bitcoin, at least in the foreseeable future I can safely recommend investing on bitcoin as long as you hold it long and don't sell every time the coin drops a cent like these paperhands.
Monetary-wise bitcoin's already surpassed gold.
Longevity speaking though, that is a little hard to discern. Gold's been the standard of money ever since we learned how to count. It has value that we have already agreed upon and while it doesn't rise as fast as bitcoin, it's on a steady increase as the supply here on Earth dwindles. A case could be made for mining precious metals on nearby asteroids or whatever but that's a farfetched tale the way things are looking right now, and besides, it's not as if that will immediately dilute the value of gold anyway.
Bitcoin however, while fairly valued, is a little volatile for most people's tastes. This could deter them from investing, and not to mention the immutable supply which will only make it harder to get a hold of a bitcoin in the future.
Longevity speaking though, that is a little hard to discern. Gold's been the standard of money ever since we learned how to count. It has value that we have already agreed upon and while it doesn't rise as fast as bitcoin, it's on a steady increase as the supply here on Earth dwindles. A case could be made for mining precious metals on nearby asteroids or whatever but that's a farfetched tale the way things are looking right now, and besides, it's not as if that will immediately dilute the value of gold anyway.
Bitcoin however, while fairly valued, is a little volatile for most people's tastes. This could deter them from investing, and not to mention the immutable supply which will only make it harder to get a hold of a bitcoin in the future.
Here's the thing, only the wealthiest of the wealthiest will be ready for a collapse as massive of magnitude and relevance such as those that would come with the US dollar collapsing. Why? cause your money won't mean shit when that happens, if it's fiat, you're even more fucked. But if it's crypto, sure, the illusion of a higher bag will definitely set in but remember, everything is even more expensive now, and 9 times out of 10 I would assume you'd end up cashing your shit out and actually spending the money you tried so hard to save in crypto, to support your needs.
Nobody's going to be ready for this even if you brace yourself. So why not wish for it to not happen instead? At the end of the day, it's not like the US is doing nothing to circumvent the situation anyway, they know what will happen and just how massive it's gonna cost them.
Nobody's going to be ready for this even if you brace yourself. So why not wish for it to not happen instead? At the end of the day, it's not like the US is doing nothing to circumvent the situation anyway, they know what will happen and just how massive it's gonna cost them.
Re: Investing on Cryptocurrency is safer than saving or investing with local banks
This is a very skewed and fucked up vision of how cryptocurrency works. You losing money cause you invested in shitcoins? that's just ridiculous. Let me tell you how shitcoins with no apparent purpose aren't as different as bitcoin fundamentally, it just so happened that bitcoin was arrived earlier than these coins.
I'd hate to digress but I hate the fact that you maximalists assume bitcoin is the only coin there is to buy and everything else is shitcoin, even more so ridiculing and taking pity on other people just cause they didn't invest in crypto, or that they experienced pretty sad and fucked up shit while investing in something else other than crypto. This also happens on the regular in this industry, I'd argue it happens even more than it does with banks and all that shit you talked about. It just became so common that everyone stopped talking about it. Hell, it even became a rite of passage of sort to be hacked or scammed here in our industry, so what does that make of crypto?
You have to be a certain kind of stupid to think that crypto's any better than known and trusted ways of investing and trading. Stop with this shit.
I'd hate to digress but I hate the fact that you maximalists assume bitcoin is the only coin there is to buy and everything else is shitcoin, even more so ridiculing and taking pity on other people just cause they didn't invest in crypto, or that they experienced pretty sad and fucked up shit while investing in something else other than crypto. This also happens on the regular in this industry, I'd argue it happens even more than it does with banks and all that shit you talked about. It just became so common that everyone stopped talking about it. Hell, it even became a rite of passage of sort to be hacked or scammed here in our industry, so what does that make of crypto?
You have to be a certain kind of stupid to think that crypto's any better than known and trusted ways of investing and trading. Stop with this shit.
Re: If cryptocurrencies disappear - how will your life change ?
If cryptocurrencies disappear - how will your life change ?
Let's model one situation - tomorrow morning, all cryptocurrencies cease to exist, there are no blockchains, no crypto exchanges, no P2P exchanges, no gates and other things inherent to the crypto market.
Question - what changes will happen in your life ? Just a request - let's be honest and not make things up, but objectively assess how the “disappearance” of cryptocurrencies can affect us?
I've gone and earned so much in this industry that I would be able to get off of this gig for a long while without having to go back to it out of desperation, and the one thing that's good about my field is that it's not just secluded to crypto, so if in any case crypto does die out, which is a little impossible nowadays but then again, I'd be able to just do fine and stay afloat with a different profession, and the same things I own and do from back when I still do crypto.Let's model one situation - tomorrow morning, all cryptocurrencies cease to exist, there are no blockchains, no crypto exchanges, no P2P exchanges, no gates and other things inherent to the crypto market.
Question - what changes will happen in your life ? Just a request - let's be honest and not make things up, but objectively assess how the “disappearance” of cryptocurrencies can affect us?
I understand a lot of us here have become so dependent on bitcoin's and crypto's existence especially with the advent of cryptocurrency in the mainstream media, but you might wanna start diversifying your skillset and earning streams, just in case this gig doesn't work out for us for long, you know what I'm saying?
I mean I guess that goes without saying but nowadays, it's a little bit more nuanced than just "borrowing money for investment bad, not good you shouldn't do it bs" cause for instance, if you had to borrow money to fund whatever venture you have, whether it be for investing or whatnot, and you tried your hardest to come up with the capital on your own but just can't, all the while being confident in thinking that doing or going for this venture is the right thing to do, not doing it is going to cost you more than just losing it overall. Cause if you lose the money you used for investment, especially if you borrowed money from a bank, I would presume there are ways you can repay them, but the prospect of losing out on a life-changing sum just cause you were afraid to take the risk is going to eat at you more than the losses you would incur, trust me.
Besides, the rich people does this all the time, and that's what makes them rich, they borrow money from a bank for example, use that money to set up businesses, buildings, you name it, and pay the bank back with the money they owed them, while keeping the business running at the same time. So what makes you think the average joe can't do this shit too?
Besides, the rich people does this all the time, and that's what makes them rich, they borrow money from a bank for example, use that money to set up businesses, buildings, you name it, and pay the bank back with the money they owed them, while keeping the business running at the same time. So what makes you think the average joe can't do this shit too?
Which is why upskilling, no matter the field you're in, is important.
You're only as good as your best work (obviously) and with the current trend of things being that you need to work hard, even harder than before and even more than your boomer grandpa, to even be compensated fairly, the constant need to be better is prevalent now more than ever. Even more evident in the crypto scene, where creators, investors, and even traders who are defined as good at what they do are the only ones who reliably earn money, while the rest of us end up as exit liquidity in some cases. Not saying we should perpetuate this kind of set up cause that's bullshit, but also not saying we should just blame them for everything and relinquish all forms of accountability in replacement of spite.
Let's be more skillful, more smart, more hungry to learn and earn. I think that's all there really is to earning and being wealthy, those with the drive to do it, bag it, those who don't, end up as freeloading sons of mfers.
You're only as good as your best work (obviously) and with the current trend of things being that you need to work hard, even harder than before and even more than your boomer grandpa, to even be compensated fairly, the constant need to be better is prevalent now more than ever. Even more evident in the crypto scene, where creators, investors, and even traders who are defined as good at what they do are the only ones who reliably earn money, while the rest of us end up as exit liquidity in some cases. Not saying we should perpetuate this kind of set up cause that's bullshit, but also not saying we should just blame them for everything and relinquish all forms of accountability in replacement of spite.
Let's be more skillful, more smart, more hungry to learn and earn. I think that's all there really is to earning and being wealthy, those with the drive to do it, bag it, those who don't, end up as freeloading sons of mfers.
Re: Can Bitcoin play a role in the country's economic growth?
Bitcoin can potentially play a role in the economic growth of a country which can make a huge difference in the multifaceted progress of that country. If Bitcoin can be integrated with the way in which the traditional financial system of the country is growing, the global economic system can be radically changed.
Here are some recommendations:
Enhancing Investment and Economic Diversification: A country can attract investment and increase the scope of employment through innovative activities using the wide range of technologies of Bitcoin and Blockchain, which can greatly contribute to the economic growth of the country. Countries such as El Salvador, for example, have explored Bitcoin alongside traditional financial systems to further strengthen their economies, and their scope continues to grow.
Financial inclusion of common people: Bitcoin can contribute to the economic growth of a country by including a large population by opening access to savings and buying and selling beyond the limited services like conventional banking system.
Exchange of Remittances: Remittances are very important for the progress of a country. Bitcoin can play a real role in reducing the fees and time of traditional services when citizens of one country send remittances from another country.
From an overall perspective, a country can explore Bitcoin with their economy in the light of wide knowledge of the strategies to increase the holding and increase the scope of transactions and access to the exchange, which can contribute to the growth of that country in a big way.
Looking forward to your more recommendations.
In some cases it could bolster a country's economy, I've seen that shit happen in El Salvador, and a couple other countries who accepted bitcoin as a supplementary currency, but here's the thing, why the fuck would you do that?It's not wise, cause it's volatile, decentralized meaning it's not just your citizens who will be playing with the money of your entire country, and furthermore, it's a pretty irresponsible thing to do to say the least. You don't have any other countermeasures as well as plans to support and lift your economy up, so much so that you'd end up crawling and begging to be helped by bitcoin and crypto? That's just stupid. That's no different from individual crypto enthusiasts and maximalists thinking that bitcoin's going to be the solution to their poverty. Here are some recommendations:
Enhancing Investment and Economic Diversification: A country can attract investment and increase the scope of employment through innovative activities using the wide range of technologies of Bitcoin and Blockchain, which can greatly contribute to the economic growth of the country. Countries such as El Salvador, for example, have explored Bitcoin alongside traditional financial systems to further strengthen their economies, and their scope continues to grow.
Financial inclusion of common people: Bitcoin can contribute to the economic growth of a country by including a large population by opening access to savings and buying and selling beyond the limited services like conventional banking system.
Exchange of Remittances: Remittances are very important for the progress of a country. Bitcoin can play a real role in reducing the fees and time of traditional services when citizens of one country send remittances from another country.
From an overall perspective, a country can explore Bitcoin with their economy in the light of wide knowledge of the strategies to increase the holding and increase the scope of transactions and access to the exchange, which can contribute to the growth of that country in a big way.
Looking forward to your more recommendations.
You have no excuse not to acquire Bitcoin, this is one of my most used word when
discussing with my friends that have
high interest in crypto, but don't have capital too buy.
Since I introduced the DCA method to them, it was a game changer too them,
DCA is the best way for low income earners to acquire more Bitcoin.
I don't know if anyone else has different opinion about it?
Nothing else but agreement on what you said. A lot of people from my block, who already were interested in investing on bitcoin but are a little afraid to take the dip because of the sheer price and propensity for dumping of said coin, found out that DCA was a thing through me, and when I told them how to do it, and why they should do it, things really went well for them. Slowly but surely there were able to come up with a little over half a bitcoin for some, and almost an entire bitcoin for most, which is already a lot considering we're living in a third-world country where money's not really the best. discussing with my friends that have
high interest in crypto, but don't have capital too buy.
Since I introduced the DCA method to them, it was a game changer too them,
DCA is the best way for low income earners to acquire more Bitcoin.
I don't know if anyone else has different opinion about it?
So yeah, if you think you're in a rut and you can't invest in crypto with one fell swoop, consider investing in tidbits through DCA.
whatever works for you best lol.
There's no definite answer as to which one is better, cause if you come to think of it, the money is fleeting with day trading but it allows you to earn it immediately, and when you pool it up against long-term trading oftentimes the numbers equal themselves such as in my case, so I couldn't really say for sure which is better and which is worse. But I know that whatever would work for the trader given his circumstances, as well as his risk appetite should be the top priority when choosing your trading behavior, so there's that.
Look introspectively first and foremost before weighing in which one's better objectively. Sometimes you'd have more affinity to day-trading, sometimes the other way around. Knowing which one you're most compatible with will make sure that you earn as much while losing less, and to top it all off, you get to play how you want to as well.
There's no definite answer as to which one is better, cause if you come to think of it, the money is fleeting with day trading but it allows you to earn it immediately, and when you pool it up against long-term trading oftentimes the numbers equal themselves such as in my case, so I couldn't really say for sure which is better and which is worse. But I know that whatever would work for the trader given his circumstances, as well as his risk appetite should be the top priority when choosing your trading behavior, so there's that.
Look introspectively first and foremost before weighing in which one's better objectively. Sometimes you'd have more affinity to day-trading, sometimes the other way around. Knowing which one you're most compatible with will make sure that you earn as much while losing less, and to top it all off, you get to play how you want to as well.
Good day everyone on this beautiful forum.
We all know how trading can be for everyone , everyone is there to make profits (money) , but the fact some people can go to length in using all they've ever had to trade is mesmerizing!.
Some even go as far as getting loans , borrowing from friends so they could trade, or invest in some altcoins..
The same apply to other things like sports betting, gambling and all of them.
I had a friend who took a loan from the company he works for , about 30,000, which would then be deducted from his initial salary.
He then went on to use this money to trade , now psychologically he was just not ready for it because his whole mindset was just about making a huge amount of money that he ended up loosing everything.
So my advice to people who hurrily invest and use all the have is that the market is never running away.
Do not stake your all! Be patient follow guidelines, learn how to trade safely , thank you!
Now this is one take of yours that I can stand behind. A lot of people assume that just because you'd trade, you'd earn money, and in that regard, they'd put in as much money as they could possibly muster thinking that they'd be able to earn it threefold or more anyway, not knowing that trading at its core is a nuanced venture, and not every attempt at trading would result to a profit. So what should a responsible trader do? Pretty simple, just set risk appetites and budgets for yourself, that you would have to follow religiously. We all know how trading can be for everyone , everyone is there to make profits (money) , but the fact some people can go to length in using all they've ever had to trade is mesmerizing!.
Some even go as far as getting loans , borrowing from friends so they could trade, or invest in some altcoins..
The same apply to other things like sports betting, gambling and all of them.
I had a friend who took a loan from the company he works for , about 30,000, which would then be deducted from his initial salary.
He then went on to use this money to trade , now psychologically he was just not ready for it because his whole mindset was just about making a huge amount of money that he ended up loosing everything.
So my advice to people who hurrily invest and use all the have is that the market is never running away.
Do not stake your all! Be patient follow guidelines, learn how to trade safely , thank you!
Soon as you're able to do this, you'd be able to trade without the worry of losing out on so much, and furthermore, you'd still be able to eat and do whatever the fuck you want without having to adjust for allocating a part of your budget to trading.
Also, this goes without saying, but when you gamble, you also have to make sure that you diversify your assets in the best way you could.
As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.
Do you only trade according to the trend or you counter-trend trade from time to time?
There's a case to be made for this. Just cause you're trading against the market current doesn't necessarily mean that you'll lose out on profits, especially when everything's going to the shitbox nowadays courtesy of the ongoing recession in most western countries, particularly the US, it's anybody's game in here, which could very well mean that the market could go either way, and choosing to go against the current market situation is just as a valid action as following the wave. Do you only trade according to the trend or you counter-trend trade from time to time?
Don't force people to be these cookie-cut traders who only do one thing and are not venturing into other ways to trade and earn money, this gig get's boring after some time and if you seclude people from getting into other ways of trading, it might get old way faster for them.
Rushing trading as a newbie have been the main reason for lose of money, we always want to gain the profits even in the first trade. I know the ultimate goal for every trader is to make profit in trading but since newbies are not very familiar with trading it is better not to rush it because taking your time to learn trading will help in reducing lose due to lack of understanding. It is better to go slow with trading and be consistent as beginner than to be very fast. Rushing trading is not very bad though, with the interest to learn fast can also make new traders to know what they want about trading but it will cause so much lose of money. For the fact that trading is very risky especially for those who are new in it, it is better not to rush into it. Take your time to learn even if it will cause you to be slow, it will help to reduce loses as a beginner. When loses are not much for a beginner it is a good experience for trading as a beginner.
Rushing trading? What the hell are you talking about lol. The reason why newbies lose when they trade is because they know jackshit about how trading works. They think it's just investing on a certain asset or coin, wait for the pump, and take profit, or vice versa if they're into shorting assets. But there's a lot of factors at play as to how you'd win and take profit or lose and incur losses, and it's not just a simple putting money and faith on a certain asset despite what many people would assume. The way you're trying to antagonize taking early profits is just fucking ridiculous, we all have differing risk appetites, for some people, investing is better if they could reap the profits as they come, to some, they could stand and wait until a larger amount comes around. But no matter what, profit is profit, and the same could be said for losses, people who take in losses at its earliest instance aren't stupid for doing so as well, it's all in their risk appetites. Besides, they could just put money back in, like what most investors do in the first place.
trading fundamentally is not so different from gambling, but the thing about them is that gambling is fundamentally created as a form of entertainment, and thus everything about it would revolve around having fun, entertainment, and shit related to it. While trading is created for the sake of providing profits to those who would accurately predict the market's movement, and while a case could be made about how predicting how the market's gonna go is similar to betting on how certain situations on games would end up, the market is pretty much deterministic compared to games and rounds, which have a lot of turning gears on them, sometimes having the casino even play a part on how some situations will end up. So yeah, it's not similar to one another, but they are kinda correlated if you're really going for that shit.
Re: The pressure,fear and indecisiveness that comes with trading.
You sure you're in here for the cheap thrills and entertainment? Not about the money? cause if that's the reason why you're trading then you might be better off gambling lol. There's better and more achievable thrills in there than looking for it in trading if you'll ask me. So yeah, with that being said, and I'm not saying you should take this shit seriously, cause at the end of the day trading's not really that big of a deal, but it seems to me as if your interests are misplaced, since you're seeing trading as nothing but an avenue for you to experience thrill and fun while the rest of us here, and again, we're not really hating on you on this, are looking at trading as a way for us to make extra money on the side, some of us here even making it our main source of income.
Think about it man, check yourself if you're really for trading or for something else.
Think about it man, check yourself if you're really for trading or for something else.
Regret over a win not claimed is less of a problem to me than a risk gone wrong, especially in such a scenario as gambling. When you gamble not only are you putting money down the line, you're also risking your own mental health even more, especially if you're someone who hasn't steeled their resolve just yet. So while wins not claimed might sound bad, and they are don't get me wrong, I think in the grand scheme of things it's much worse to lose it all in the process since at the end of the day that's money that's gone.
Plus risk is something you can control, the amount of wins you would incur, not so much. That's why risk management is a thing in the first place, you have to play around the risks that you will be facing, to maximize your profits and minimize your losses.
Plus risk is something you can control, the amount of wins you would incur, not so much. That's why risk management is a thing in the first place, you have to play around the risks that you will be facing, to maximize your profits and minimize your losses.
ADVICE SOMEONE READY TO ESTABLISH A GAMBLING PLATFORM BUSINESS
The intention for creating this thread is to hear about our general opinion, suggestions or best advise we could give to someone who is ready to establish a gambling platform as a business, if we are in the same position, what will be our response toward these few questions.
1. What are the first things to put in place before starting?
2. What are the strength and weakness to consider with gambling platform?
3. Can you hire a person to be in charge, for the business management of the gambling platform?
4. Is it a profitable business base on your own experience or from what you have seen others achieved from establishing one?
Having set my own business, I can pitch in a few things for you. The intention for creating this thread is to hear about our general opinion, suggestions or best advise we could give to someone who is ready to establish a gambling platform as a business, if we are in the same position, what will be our response toward these few questions.
1. What are the first things to put in place before starting?
2. What are the strength and weakness to consider with gambling platform?
3. Can you hire a person to be in charge, for the business management of the gambling platform?
4. Is it a profitable business base on your own experience or from what you have seen others achieved from establishing one?
1. The first things you should put in place is capital, more importantly in your case, since you're a casino. There will always be winners, regardless of your house edge, so whatever capital you have in mind, double or triple it just to be sure.
2. The biggest strength that a casino has over a regular business is the inflow of customers. One thing is for sure in this venture, people will always be looking to either unwind, or to lose their money, and unlike restaurants, or whatever other business there is, the competition isn't as tight as you think it is, just set your site at a good location if you're shooting for a brick-and-mortar casino, or just launch it online with a license and marketing to boot, and you're good to go.
3. I'd highly suggest hiring someone capable to take most of the heavy lifting off your hands, you can't handle everything by yourself and not trusting anyone to do your business is just as deadly as being so gullible. Keep it at a sweet balance and you should be good.
4. Haven't been in the casino business yet, but from the looks of it, it's a thriving industry that you can try to penetrate.