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Crypto Currencies ~ " Duck Tales Spin From The Crypt"

Discussion in 'Stocks & Investments' started by Guerrilla, Oct 13, 2017.

  1. Jan 19, 2021 at 11:33 AM
    #8201
    Haslefre

    Haslefre Well-Known Member

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    Some flags and center console divider... lots of things on the wanted list.
    Or, does it have something to do with Eth pyramid scheme, forsage? I know its been gaining steam again this year... as I have been seeing TONS of people who have no idea what crypto is, jumping into it claiming they're making huge amounts of cash.
     
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  2. Jan 19, 2021 at 12:19 PM
    #8202
    Sterdog

    Sterdog Offline

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    It's a pile of cash now.
    My wife dabbles in the MLM thing, she's in another business and sees Crypto advertisements all the time, and yeah the pressure that market is placing on the big coins is ridiculous. The old "too big to fail could," could definitely be a part of the swing. What's scary is that real bubbles created by schemes like that are things that grow a bubble out like crazy.
     
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  3. Jan 19, 2021 at 12:23 PM
    #8203
    Tacomania

    Tacomania IG: _tacomania

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    From the outside it does look like that, to your point, hype generates interest, generates volume, price spikes. People who are truly making money are the ones who were in it from the beginning. Are there other people who took the risk and jumped at one point and made money (sure) will everyone make money (no), a lot will lose. At the moment, the profits and losses taken are from each other, someone is winning and someone is losing, well, the 100% winners are the ones charging fees:rofl:.

    Its all about the risk/reward aspect in this at the moment. Maybe down the line with adoption thats when it becomes something that contributes to value creation.

    I may be wrong:anonymous::notsure:

    at the end of the day, bullion is the true currency, but in our modern day of age, its logistically ludicrous and does not fit the current economic structure.

    Digital currency will bring true control the fiat money did not deliver :spending::popcorn:

    Edit - Additional Note: Those making money, they are transferring that wealth in to tangible assets or business creation, funded by the people of the world lol
     
  4. Jan 19, 2021 at 12:29 PM
    #8204
    Haslefre

    Haslefre Well-Known Member

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    Some flags and center console divider... lots of things on the wanted list.
    I honestly think it is. I have been watching the amount sent over to forsage. Latest numbers I can find has Forsage running with $2.8 million in eth transactions in 7 days. You give your money over to a "central host" who gives out the money based on how many people you sign up. This is pyramid, MLM, ponzi... whatever the kind of scheme you want to call it. That much money being transacted to/from one server with constant transactions within will create a rise in prices. Supply/demand. Prices go up as more people jump into the market. Prices go down when its abandoned. As soon as the forsage runners want to be done, they can pull the plug and take ALL the money. Its funny, you have to use a forsage backed wallet to pull money out of forsage? But you can use any wallet to transfer money to forsage.
     
  5. Jan 19, 2021 at 12:38 PM
    #8205
    Sterdog

    Sterdog Offline

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    It's a pile of cash now.
    Oh it's a complete scam. My wife isn't a part of it. She sells cosmetics that she uses herself but people are always trying to get her into other things.

    I agree, if they are the cause they can cause the fall. The way their wallet is setup has already been called to attention. It also always shows peoples investment and gain in USD, so they think they can pull it out at any time when really they can't.
     
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  6. Jan 19, 2021 at 12:45 PM
    #8206
    Haslefre

    Haslefre Well-Known Member

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    Some flags and center console divider... lots of things on the wanted list.
    The most my wife gets into is the cookware, pampered chef.
     
  7. Jan 19, 2021 at 12:47 PM
    #8207
    Sterdog

    Sterdog Offline

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    It's a pile of cash now.
    Like any scheme, the first in make the most money. Pampered Chef has too many sellers. My wife makes nothing selling her cosmetics after her time is figured out, but she does get a discount on product she needs anyways.

    She doesn't like that my 2080Ti in my ETH mining rig makes more per hour than her selling cosmetics though lol.
     
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  8. Jan 19, 2021 at 12:52 PM
    #8208
    Tacomania

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    They have daily limits for that lol them fuckers, and they take a fee for every time you swap.

    But you can hold it in a stable coin USDT or USDC, so kinda safe lol
     
  9. Jan 19, 2021 at 1:02 PM
    #8209
    Ronbo1

    Ronbo1 Well-Known Member

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    Beware the salesman. He always has the advantage.
     
  10. Jan 19, 2021 at 1:02 PM
    #8210
    Sterdog

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    It's a pile of cash now.
    Yeah. I'm using Crypto.com so I'm already in a bad spot lol. At least they allow free conversion to fiat currency.
     
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  11. Jan 19, 2021 at 1:24 PM
    #8211
    Tacomania

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    i left the moment they told me they reached the limit on selling to USD. Couldnt make the sale and ended up with some negative $. exchanged to BTC and then to the wallet, then unto bybit. That was my interest in using them, because of that, but did not know about the other BS they have going on.
     
  12. Jan 19, 2021 at 1:38 PM
    #8212
    Sterdog

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    It's a pile of cash now.
    The limit is $30K IIRC. I like their mobile interface lol. I'll bail once they screw me though. I know a lot of people get suckered into getting their credit cards or loans which are designed, like most, to pound your anus as hard as possible.
     
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  13. Jan 19, 2021 at 1:48 PM
    #8213
    Tacomania

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    I was no where close to the limit, 1k. But yea their other services are such a bait lol
     
    Last edited: Jan 19, 2021
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  14. Jan 19, 2021 at 1:51 PM
    #8214
    Haslefre

    Haslefre Well-Known Member

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    Some flags and center console divider... lots of things on the wanted list.
    If I had a decent amount of BTC, I would likely buy into coinbase's credit card. Make it easier and less traceable to "sell off" some of your crypto that way. But, who knows what they will give to the IRS this next year.
     
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  15. Jan 19, 2021 at 1:56 PM
    #8215
    Sterdog

    Sterdog Offline

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    It's a pile of cash now.
    I might, MIGHT, get into the $250 buy in for one of Crypto.com prepaid cards. It gives free Spotify and allows some spending, which would work nicely for me.

    I would never do the actual Visa card though where you can spend into deficit. That sounds all sorts of dangerous with crypto.
     
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  16. Jan 20, 2021 at 6:03 AM
    #8216
    Sandman614

    Sandman614 Snarky TWSS elf, Travis #hotsavannahdotcom, LRGRNR

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    Noob question: which would be a more profitable way to get into Crypto, spending $100 on coin or spending $100 on Power bill for mining?
     
  17. Jan 21, 2021 at 3:09 AM
    #8217
    velillen

    velillen Well-Known Member

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    Always a hard question to answer cause theres a bunch of factors. Does you $100 in power include any hardware costs to get to using $100 in power? (ie already have GPU's/ASIC?)

    In general I tell people to not go into mining. Most just see the big profits available now and try to jump in while things are up. Then freak out when it goes down and turn things off.

    So not a great answer but I'd go ahead and toss that $100 into the market over mining


    and this coming from someone who does mine and has scaled back quite a bit
     
  18. Jan 21, 2021 at 6:02 AM
    #8218
    Sandman614

    Sandman614 Snarky TWSS elf, Travis #hotsavannahdotcom, LRGRNR

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    I understand mining is a looong game. It was nice to dip my toes in with my Desktop(Ryzen5 3600/AMD rx580), NiceHash showed a daily profitability of $2.44 with my current electric rate. Definitely not going to make a ton of money mining BC with it's pricing now :rofl: but now I want to start into something that is lower and rising like ETH. I don't plan to go crazy but maybe do a little mining as well as buy some straight up.
     
  19. Jan 21, 2021 at 6:39 AM
    #8219
    velillen

    velillen Well-Known Member

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    I always hate "profability calcs". Its great for in that exact moment to know what you are making. But unless you are cashing out daily then its kind of a "who cares" type thing. Kind of like when mining in 2017...it was omg im making $7 a day! Then those people held till things dropped and sold at what equates to 3-4 a day. Course that only applies to people who were trying to use crypto to pay off mining gear (or expand) Now when mining an alt coin and converting to BTC/Eth/ect then those calcs make a bit more sense.

    If you are wanting to really get into it and your main goal is Eth...you should really look into the future of things. Eth is already on the way to "Eth 2.0" which is proof of stake. There is also talks (this has been ongoing) of dropping block rewards in the current proof of work as well.


    And fuck nicehash. Stay away from them and learn to use your own wallets and miners
     
  20. Jan 21, 2021 at 6:45 AM
    #8220
    Sandman614

    Sandman614 Snarky TWSS elf, Travis #hotsavannahdotcom, LRGRNR

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    Got any examples? I'm here to learn.
     

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