this thread is like a bunch of incels telling chads why sex is bad.
but letsrun has always been dominated by that big boomer energy so no surprise right.
newsflash: life is a ponzi.
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Steve The Addict OFFICIAL -----^^^^^ wrote:
. But I couldn't care less if I lost my entire bitcoin investment. That's not the plan anyhow. I'm willing to exhibit patience.
Wait long enough and the exchange will be closing for good with no chance of converting any leftover stablecoin losses to USD. Basically a n implosion/ total evaporation of initial investments into all things crypto. Michael Saylor knows so he is cashing in right now.
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Steve The Addict OFFICIAL -----^^^^^ wrote:
The price of bitcoin right now is cheap when you compare it with its value a decade from now. It's price is volatile in the early stages of its adoption. The doubters have and will always exist. But the reality is that bitcoin has exceeded most peoples expectations already amd made a lot of people permanently rich. To the OP, jealousy is a weak emotion.
3 month ago he say this
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Blockchain Technology is definitely on the rise- Google, Microsoft, Apple, Nvidia all use it (not just invest, but use it). That said, while I invest in it, I would never, ever want a crypto financial system to be the primary one. No way. There are also many scams out there, pump-dumps, etc.. But many are not- including the big ones.
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yep....... wrote:
Blockchain Technology is definitely on the rise- Google, Microsoft, Apple, Nvidia all use it (not just invest, but use it). That said, while I invest in it, I would never, ever want a crypto financial system to be the primary one. No way. There are also many scams out there, pump-dumps, etc.. But many are not- including the big ones.
Not really..no use cases. So they use google drive, glorified spreadsheet (blockchain) with “data science” from 2018?
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yep....... wrote:
That said, while I invest in it, I would never, ever want a crypto financial system to be the primary one. No way. There are also many scams out there, pump-dumps, etc.. But many are not- including the big ones.
I.e. That said, I fell for a ponzi being greedy and trying to get rich quickly, and I would never ever want to have to link up my own metamask shtcoin wallet to use the internet (web3), even though web3 developers (comp sci imbeciles and crypto bros) told me to invest in shtcoin or HFBP, as you’ll drive a Lamborghini soon since “adoption is inevitable “ I later discovered all crypto coins are all going to zero, just some much sooner than others. The main ones (all turds) just linger around another 5+ years instead of being flushed, so no pump n dump but shtcoin with no use in the world and no profit off of, yes. I didn’t realize over 50% of shtcoin holders of non pump n dump are in the red at this point. If I invested in a simple stock of a US company even if it went down in the last year I am up due to compounding effect, real earnings and dividends instead of this delusion that is crypto. to make myself feel better I call everything a Ponzi in the world, and I say US stocks are down this year and cherry pick the worst stocks (such of tech meme type stocks)instead of a cross section of American businesses.
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wow dang
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"
The NFT market is collapsing.
The sale of nonfungible tokens, or NFTs, fell to a daily average of about 19,000 this week, a 92% decline from a peak of about 225,000 in September, according to the data website NonFungible.
The number of active wallets in the NFT market fell 88% to about 14,000 last week from a high of 119,000 in November. NFTs are bitcoin-like digital tokens that act like a certificate of ownership that live on a blockchain.
Rising interest rates have crushed risky bets across the financial markets—and NFTs are among the most speculative.
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Since hitting highs in November, the tech-heavy Nasdaq Composite has fallen 23% and bitcoin has fallen by 43%. The Federal Reserve is slated to raise rates this week and next month. As the central bank’s easy money policies wind down, investors have turned to more defensive stocks like consumer staples.
Nonfungible tokens sold, dailySource: NonFungible.com
2021'220100,000200,000
Many NFT owners are finding their investments are worth significantly less than when they bought them.
An NFT of the first tweet from Twitter Inc. co-founder Jack Dorsey sold in March 2021 for $2.9 million to Sina Estavi, the chief executive of Malaysia-based blockchain company Bridge Oracle.
Earlier this year, Mr. Estavi put the NFT up for auction. He didn’t receive any bids above $14,000, which he didn’t accept.
Mr. Estavi said failure of the auction wasn’t a sign that the market is deteriorating, but was just a normal fluctuation that could occur in any market. The NFT market is one that is still developing, he said, and it is impossible to predict how it will look in a few years.
“I will never regret buying it because this NFT is my capital,” he said.
Another NFT buyer purchased a Snoop Dog curated NFT, titled “Doggy #4292,” in early April for about $32,000 worth of the cryptocurrency ether. The NFT, an image of a green-skinned astronaut standing on what looks like a Hollywood Walk of Fame star, is now up for auction, with an asking price of $25.5 million. The highest current bid is for 0.0743 ether—about $210.
Nate Rattner/THE WALL STREET JOURNAL
That lack of interest isn’t unique. Interest in NFTs measured by the number of searches for the term peaked in January, according to Google Trends, and has fallen roughly 80% since then.
The imbalance between supply and demand is also hurting the NFT market. There are about five NFTs for every buyer, according to data from analytics firm Chainalysis. As of the end of April, there have been 9.2 million NFTs sold, which were bought by 1.8 million people, the firm said.
The largest U.S. crypto exchange is still betting on NFTs. Coinbase launched a beta site last month and four million people signed up. It will allow users to connect existing wallets to the site and buy and sell NFTs, initially without trading fees, and to create NFTs through the site.
SHARE YOUR THOUGHTS
Have NFTs met their maker? Why or why not? Join the conversation below.
The profile of NFTs as part of the zeitgeist surged in 2021 as musicians, artists, celebrities, and companies jumped on the bandwagon. The artist Beeple sold an NFT tied to his artwork for $69 million. Adidas AG and Nike Inc. minted and sold NFTs tied to their sneakers. McDonald’s Corp. sold an NFT tied to the rerelease of its McRib sandwich.
There are signs that collectors may also differentiate between NFTs that catalog a vast set of cartoonlike characters—like the CryptoPunks—and tailored, NFT art projects spurred by major artists who already enjoy museum followings.
Among those artists doubling down on NFT art is New York artist Jeff Koons. The artist known for his oversize balloon animal sculptures is selling a series of NFTs attached to a real-life sculpture he intends to rocket to the moon later this year. His gallery, Pace, said his moon-shaped sculptures attached to his NFTs are selling briskly as a package at $2 million apiece.
NFTs and Play-to-Earn Games Shed Light on Future of Metaverse Economy
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NFTs and Play-to-Earn Games Shed Light on Future of Metaverse EconomyPlay video: NFTs and Play-to-Earn Games Shed Light on Future of Metaverse Economy
The rise of play-to-earn videogames—in which gamers trade NFTs—offers a glimpse into how the metaverse could attract users with monetary rewards, and what pushbacks may come with it. Photo illustration: Josephine Chu
Earlier this month, NFT art platform TRLab said it only took a minute for Chinese artist Cai Guo Qiang, who is internationally known for making works using gunpowder, to sell out his series of 7,000 NFTs that allow buyers to help create their own digital fireworks display.
Zach Friedman, co-founder and chief operating officer of crypto brokerage Secure Digital Markets, says what makes NFTs stand out now is some perk or utility attached to them.
The director Kevin Smith plans to sell 5,555 NFTs tied to a coming movie, “Killroy Was Here.” Only people owning the NFTs will have access to the movie.
A band called The Crystal Method is auctioning NFTs tied to a new song that include backstage passes to a concert and dinner with the band.
“The ones that continue will be utility-focused for sure,” Mr. Friedman said.
—Kelly Crow contributed to this article.
Write to Paul Vigna at Paul.Vigna@wsj.com"31 -
This guy was taking a dump when his shibu inU coin skyrocketed he says
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Stocks are the same ponzi as crypto only it has far less transparency. Case in point: the FMOC adjusts interest rates and it affects crypto and stocks in the exact same way. No "earnings calls" or "quarterly report" bullshart, no "technical analysis", nothing driving the price except speculation.
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Stocks are not a ponzi. If company does well, its publicly traded stock pays out better dividends and with time trades at higher prices, so everyone who owns it wins, including the little guy.
crypto on the other hand is a negative sum game. It’s fcking stupid one at that and it’s hilarious
lol crypto holders in big trouble. today (Tuesday) SEC:
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Charlie munger awesome here
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This is very interesting. I think the government now feels it has to intervene especially after Fidelity started doing something foolish not at all in clients’ best interest. Of course, Fidelity’s main interest is just getting more clients and collecting fees
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nouriel roubini wrote:
yep....... wrote:
That said, while I invest in it, I would never, ever want a crypto financial system to be the primary one. No way. There are also many scams out there, pump-dumps, etc.. But many are not- including the big ones.
I.e. That said, I fell for a ponzi being greedy and trying to get rich quickly, and I would never ever want to have to link up my own metamask shtcoin wallet to use the internet (web3), even though web3 developers (comp sci imbeciles and crypto bros) told me to invest in shtcoin or HFBP, as you’ll drive a Lamborghini soon since “adoption is inevitable “ I later discovered all crypto coins are all going to zero, just some much sooner than others. The main ones (all turds) just linger around another 5+ years instead of being flushed, so no pump n dump but shtcoin with no use in the world and no profit off of, yes. I didn’t realize over 50% of shtcoin holders of non pump n dump are in the red at this point. If I invested in a simple stock of a US company even if it went down in the last year I am up due to compounding effect, real earnings and dividends instead of this delusion that is crypto. to make myself feel better I call everything a Ponzi in the world, and I say US stocks are down this year and cherry pick the worst stocks (such of tech meme type stocks)instead of a cross section of American businesses.
Wejo fell for the ponzi too it sounded like from the other thread
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These guys are really getting desperate now. Illiquidity may be trouble
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Coke addict betting the house on bitcoin from Microstrategy not doing too well
21
What People Are Talking About On LetsRun
Of General Interest
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No scholarship limits anymore! (NCAA Track and Field inequality is going to get way worse, right?)
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2024 College Track & Field Open Coaching Positions Discussion
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Matt Fox/SweatElite harasses one of his clients after they called him out
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I’m a guy. I see a female psychiatrist. I’m developing feelings for her and confused.