Funding for new super yachts, houses and new wives

Your story is what a lot of the more legitimate members here on BTT preach to newcomers to crypto on a very regular basis - always DYOR and never invest more than you can afford to lose. What has occurred and been occurring for the last decade is wolves social engineering sheep into buying into their scams. There are very few influencers in crypto and in general the masses (ie tiktok or IG) that actually have the wealth and lifestyle they portray. It's a life lesson in this digital age, crypto is a direct involvement of monetary funds so all examples of scams and social engineering get multiplied by ten-fold and people can get financial very hurt.

You've learned your lesson and you're continuing to persevere. That's ultimately what separates a winner from a loser - a successful person from a person who's failed. Never give up. Crypto first and foremost is a game of technology. Meme's and shitcoins have their moments, but they come with extraordinary risk, they are intrinsically just a gamble. The line between crypto and gambling have basically become one at this point and time.

The oldest and probably the most popular thread in altcoin discussions. 10 years and still going. I can't tell you how many times i've seen this thread

2019 Version - https://bitcointalk.org/index.php?topic=5212250.msg53431162#msg53431162


It's been about 4 years since I did this last, but the topic is self-explanatory. Copying and pasting what I wrote back then, everything still applies.

If you found a particular post this year that has helped you in anyway, feel free to post the link in this thread and let us know why it has helped you. I (and probably others) will be meriting of these gem posts, that you found exquisite and that have gotten buried in this highly active forum board.


Again, this is about giving back and acknowledging specific individuals that have helped you; meaning, do not post your own posts/threads.


Happy Holidays everyone!



Rules:

1) Has to be a post by someone else, other than yourself
2) Has to pertain to altcoins only, if it's a broader piece about Bitcoin and the markets, these are valid as well
3) Don't try manipulating this thread, everything will be checked accordingly.
4) Please post the link to the thread post and why it has helped you.
5) Posts must be from 2023 only.

more shit that's geared for failure and enriching those at the top of the pyramid

Obviously this thread is outdated in dates, but in terms of the core concepts and ideas this thread is more relevant than ever. CZ is an intelligent individual and Binance has done a world of good for crypto as a whole. In the end it's survival of the fittest. Binance will continue to crush its competition and gain more market share. As long as user's feel safe* and continue to profit from Binance.

Coinbase is shackled by regulations in the U.S. to make any significant grounds. But where Coinbase ultimately lacks is on the international stage, the territories were Binance has claimed supremacy over all other CEX's. Binance is bounded by almost no country (due to being shielded by subsidiaries that are not linked to the core Binance company) and their pockets are deeper than any other business currently operating in this space.

Is a monopoly in crypto a good thing? No monopoly is good due to a stagnation in innovation. But the general sentiment is that user's don't really care about the core philosophy behind blockchain and cryptocurrencies as much as they used to. Governments are also a big pressure on this front in terms of regulation. That's an entirely different topic though.

Ask yourself this, where's the proof of any backing? Where are the journalists questioning USDT's holdings? The true state of obliviousness in crypto is still baffling. Despite billions of dollars and repeated offenses by the wolves, no one bats an eyelash. 

USDT will become the biggest scam in crypto history, bigger than XRP by 5-fold. The day of reckoning will arrive soon enough. Maybe a few more years before this speculative prophecy comes to fruition.

Since DeFi was the major trend early this year it has since flatlined, in hype, months ago. Now both DeFi and NFTs are in their infancy, but this topic will specifically focus on the latest trend, NFTs. This initial NFT hype boom, that started about 4-5 months ago, will eventually fade away and mature quietly in the background.

The concept of bridging a physical tangible good, into a tokenized system, is fundamentally game-changing and is not a new concept in this space. What has recently occurred is the proof-of-concept of NFTs, the actual application and adoption of the tech, which has thousands of practical applications and will continue evolving dramatically in the coming years. There's a great parallel that can be struck currently to 2013-2015, NFTs today are what Foodcoin, titcoin, dogecoin and the 100s of other real-world like POW cryptos, and of those 100-400 shitcoins only 1 survived, Dogecoin. But, they represented a: physical, tangible good, service, idea or etc. And I suppose as crypto has been evolving, there has been a subconscious desire to tokenize everything this world represents, often for malicious schemes, but the pattern goes far beyond then just monetary incentive. People like collecting things and owning them. But in the end, you are no more the owner of your NFT than I'm. That's the reality. That really goes for anything that's digital, be it your collectables in a video game or music album, movies... whatever. The idea of digital collection and digital ownership is an entire field in itself and is highly subjective - I'm not going to get into too much debate about. Ultimately, the majority of digital ownership is subjective in the end, without any governing force or law. With that subjective thought each individual will assign a value to that specific item and thus value is created if another individual agrees on that value. That's essentially what's occurring with cryptos, NFTs, stocks and virtually everything that is tangible.

But alas, what we are witnessing now in the NFT space is speculative gambling, similar to the collection of any other object in existence be it baseball cards, pokemon and etc. The reason being, is that people are assigning a value to a specific arrangement of pixels, in hopes that someone will assign a similar value to those arrangement of pixels in the future. The bigger problem with the current NFT market value or digitization of media is the accessibility to anyone and everyone, which is the inherent reason for the ballooning and inflation of seemingly worthless markets, concepts and etc. With accessibility comes highly-manipulative practices, the wolves are eating the sheep up and making no longer just baby change, but multi-million dollar schemes are operating day-by-day. Just like with everything, a small majority of NFTs - be it your "artwork," music or whatever you've purchased, will actually be worth something. The vast majority of NFTs will have no inherent value, because they were made for a specific purpose in fooling unwary modern-day mom-and-pop "investors." In the end, if you are investing in NFTs, I would urge you to tread very carefully. There are teams, individuals and more who are operating very carefully orchestrated schemes and enacting very diligent forms of social engineering to make you believe you are buying something that is desired and has value. Just know, there are only so many people in this world and only so many people will find worth in what you are so-called investing in, if any. Don't gamble your life-savings away.

NFTs are headed towards major adoption in the future, specifically with the recent buzz about the metaverse and ownership... etc. There's no doubt that NFTs will become standard when it comes to ownership, but don't expect your "artwork" to be worth anything in the future. Just like with any collectible that ever existed, only a fraction are worth anything and the vast majority become useless and worthless due to inflation and lack of appeal. 80-20 rule.

If you are new to this space, just take great caution. Be sure you are sound of mind and body before making any irrational or rational decision. If you're ready to gamble it all away, so be it. The reality is, yes many become millionaires over-night, but the vast majority do not. And for every millionaire that's minted, hundreds of others probably lost their life-savings or are drowned further into debt.

The concept of bridging a physical tangible good, into a tokenized system, is fundamentally game-changing and is not a new concept in this space. What has recently occurred is the proof-of-concept of NFTs, the actual application of the tech, which has thousands of practical applications and will continue evolving dramatically in the coming years. There's a great parallel that can be struck currently to 2013-2015, NFTs today are what Foodcoin, titcoin, dogecoin and the 100s of other real-world like POW cryptos, and of those 100-400 shitcoins only 1 survived, Dogecoin. But, they represented a: physical, tangible good, service, idea or etc. And I suppose as crypto has been evolving, there has been a subconscious desire to tokenize everything this world represents, often for malicious schemes, but the pattern goes far beyond then just monetary incentive. People like collecting things and owning them. But in the end, you are no more the owner of your NFT than I'm. That's the reality. That really goes for anything that's digital, be it your collectables in a video game or music album, movies... whatever. The idea of digital collection and digital ownership is an entire field in itself, which I'm not going to get into too much debate about. Ultimately, the majority of digital ownership is subjective in the end, without any governing force or law. With that subjective thought each individual will assign a value to that specific item and thus value is created if another individual agrees on that value. That's essentially what's occurring with cryptos, NFTs, stocks and virtually everything.

But alas, what we are witnessing now in the NFT space is speculative gambling, similar to the collection of any other object in existence be it baseball cards, pokemon and etc. The reason being, is that people are assigning a value to a specific arrangement of pixels, in hopes that someone will assign a similar value to those arrangement of pixels in the future. The bigger problem with the current NFT market value or digitization of media is the accessibility to anyone and everyone, which is the inherent reason for the ballooning and inflation of seemingly worthless markets, concepts and etc. With accessibility comes highly-manipulative practices, the wolves are eating the sheep up and making no longer just baby change, but multi-million dollar schemes are operating day-by-day. Just like with everything, a small majority of NFTs - be it your "artwork," music or whatever you've purchased, will actually be worth something. The vast majority of NFTs will have no inherent value, because they were made for a specific purpose in fooling unwary modern-day mom-and-pop "investors." In the end, if you are investing in NFTs, I would urge you to tread very carefully. There are teams, individuals and more who are operating very carefully orchestrated schemes and enacting very diligent forms of social engineering to make you believe you are buying something that is desired and has value. Just know, there are only so many people in this world and only so many people will find worth in what you are so-called investing in, if any. Don't gamble your life-savings away.

NFTs are headed towards major adoption in the future, specifically with the recent buzz about the metaverse and ownership... etc. There's no doubt that NFTs will become standard when it comes to ownership, but don't expect your "artwork" to be worth anything in the future. Just like with any collectible that ever existed, only a fraction are worth anything and the vast majority become useless and worthless due to inflation and lack of appeal.

Old thread, but I'd like to see more discussions around this from crypto enthusiasts

SEC represents our interests. The only ones being hurt by the SEC are the con artists at Ripple HQ and the hundreds of shills and dollar-bag-holders of XRP.

It's important to understand that the crypto market is being flooded by new users, new projects, new scams and therefore, fortunetellers. Before investing your life savings into some random new shitcoin, be sure to have a clear thought processes on why you're investing in this crypto.

We are witnessing unprecedented territories and this space is being flooded by naive individuals and the wolves who are herding you into the next ponzi-scheme. I can soundly say, despite what many have stated, technical analysis and moonboy shills are some of the worst tools to rely on. Strictly speaking, most of you are relying on word-of-mouth investments and are not fully understanding you're being controlled and socially engineered by intelligent individuals, scammers and wealthy individuals who've been in this crypto space for several years now and understand what it takes to manipulate the average crypto user.

Take a step back, analyze, take in all possible sources of information, compare, contrast and understand what you're investing your money into before you invest or make your next trade. This Bitcoin bullmarket is in a territory that no one can predict the outcome of. If you're taking that risk, great. But that risk also can come with severe repercussions. Learn from your predecessors in the 2017-2018 bull-market, where the majority lost their life savings and the minority made it out big.

There will be another bear market, there will be a day were the market once again falls through. Be prepared and be ready. No one knows when and how it will come, but it will come. Nothing in crypto grows forever and the majority of newer-projects (<6-8months) will die out, just like the ICO boom of 2017. Tech analysis and your favorite shill will not save you, no one will but yourself and your intuition.

This address is owned by no one, there is no node runner. This is Ethereum's genesis address and now more commonly used by teams and individuals to "burn" tokens. Burning tokens means they send them to this address and there is no way of recovering those sent tokens. Therefore, they are, theoretically, eternally unrecoverable.

This entire thread is delusional. XRP is not a crypto, XRP deserves to hammer drop on them by the SEC and I sincerely hope the SEC pulls it off. This will send a message to other scammers that creating multi-billion dollar ponzi schemes will not go unnoticed.

Break incentivized posting on altcoin sections. Break the mass spam of the puppet masters.

You didn't read the topic of the thread, yet you're commenting in this thread about something irrelevant.


This type of careless posting is why the entire altcoin discussion section has turned into a sub-forum of spam. All to promote your signature that nobody will ever-click and so you can make an extra $0.50 per week.

Don't take my words out of context shill, XRP being sued will be successful and XRP will be worthless. They will most likely have to pay back all those ill-gotten gains, hollowing out whatever is left of Ripple.

Whatever happens to XRP, it will be a shell and non-existent on almost every exchange.

These are the classic XRP shills/botnet that have been spamming these forums and all outlets for years by the way. The single most intricate and aggressive marketing agencies & individuals of any crypto.

That's incorrect. SEC has been cleaning up the scams and corruption for ICO's that launched in 2017-2019, since 2018-ish. Did that stifle innovation and startups? No, it helped legitimize the industry further. A lot of those scams disappeared entirely. The new breed of ICO is DeFi tokens, in which will equally get hit has hard as ICO's, but is significantly more tricky due to being highly decentralized.

XRP is a major exception. They have as much authority to go after Ethereum if they chose to, but this is virtually an impossibility. XRP is not a crypto, not a blockchain, it's one big manipulated scheme to fool user's and individuals into buying and investing into their centralized scamcoin, in which they hold billions of XRP. No accountability, no transparency no nothing.



Again, XRP being sued is nothing but positive news.