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World of crypto


NottsRam77

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13 hours ago, YouRams said:

NFT's will move away from just being a "picture" everything paper based as we know could eventually become an NFT. House registration documents, Uni textbooks, medical records the list is endless.

Its a good time to look at the leaders in NFT and Blockchain tech, invest in the company rather than a digital picture, the ones that have done well selling worthless images will have the capital and infrastructure ready for mass adoption from the "real world".

With Crypto/NFT, all I hear is this a good time, never this is a bad time to invest.

Buy the dip, we must be in the dip dip dip dip dip now.

Almost feels like the vegan cult that will say anything to get more people on board.

Honestly not for me, I’ll take the risk of missing out being a millionaire.

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1 hour ago, David said:

With Crypto/NFT, all I hear is this a good time, never this is a bad time to invest.

Buy the dip, we must be in the dip dip dip dip dip now.

Almost feels like the vegan cult that will say anything to get more people on board.

Honestly not for me, I’ll take the risk of missing out being a millionaire.

It is very much like that and the majority of the projects will fade into nothing along with the investors money, ive not personally invested in any NFT companies yet and id also never try to push someone into investing but ive spent hours on end researching and i fully believe this is going to be bigger than the internet boom. The tech is too good and too quick for it not to take off, if you do have time to do any research look at the banks that are already invested in XRP that tells you all you need to know. 

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10 hours ago, David said:

With Crypto/NFT, all I hear is this a good time, never this is a bad time to invest.

Buy the dip, we must be in the dip dip dip dip dip now.

Almost feels like the vegan cult that will say anything to get more people on board.

Honestly not for me, I’ll take the risk of missing out being a Crypto millionaire.

FTFY.

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10 hours ago, David said:

With Crypto/NFT, all I hear is this a good time, never this is a bad time to invest.

Buy the dip, we must be in the dip dip dip dip dip now.

Almost feels like the vegan cult that will say anything to get more people on board.

 

 

Honestly not for me, I’ll take the risk of missing out being a millionaire.

Very wise!

I have worked in the investment management/financial services industry my whole career. 

It is always a terrible time to buy crypto, as it is essentially a casino bet and not an investment.  You are betting other people will see value in a intrinsically valueless item.  They may well do, but any monetary gain is not skill or timing; it is a giant lottery of considerable risk. 

It is down there with penny stocks.

 

 

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On 24/06/2022 at 22:38, YouRams said:

NFT's will move away from just being a "picture" everything paper based as we know could eventually become an NFT. House registration documents, Uni textbooks, medical records the list is endless.

Its a good time to look at the leaders in NFT and Blockchain tech, invest in the company rather than a digital picture, the ones that have done well selling worthless images will have the capital and infrastructure ready for mass adoption from the "real world".

To add to that they will also allow musicians and artists to monetise and control their own copyrights. 
 

similarly football clubs are becoming more aware of the potential value of nfts and getting the fans even more involved in their clubs

not to mention the carbon credit schemes 

i think nfts have a massive future, but am aware for every good project theres about 100 crap ones

the same can be said for altcoins 

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  • 3 weeks later...
On 16/06/2022 at 09:15, Stive Pesley said:

Best of luck there mate - you know it's all just a ponzi scheme right

Classic hallmarks of a Ponzi

1. Investors buy in the expectation of profits.

2. That expectation is sustained by the profits of those that cash out.

3. But there is no external source for those profits; they come entirely from new investments.

4. The operators/brokers take away a large portion of the money.
 

Meanwhile the pound in your pocket continues to lose value hand over fist to inflation… and with the current climate we’re now no longer talking over a matter of years we’re into months

the monetary system we know is absolutely fOoked

Borrowed money, ontop of borrowed money ontop of borrowed money

about as stable as a stack of cards in gale forced winds 

and who suffers at the end of it .. the average jo thats who 

 

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  • 5 weeks later...

This is HUGE for crypto shortly after Tiffany announced it was making NFT necklaces. 

------

Also, a few days ago Pearson (the book company that charges a fortune for college books) said they’re turning their digital textbooks into NFTs.

CEO Andy Bird explains, "In the analogue world, a Pearson textbook was resold up to seven times, and we would only participate in the first sale."

Now, due to the power of NFTs, they get a piece of the action every time a book trades hands.

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  • 2 months later...
6 hours ago, Bob The Badger said:

I'd no clue it had even dropped until I saw your post. I pay no attention.

Losses are only losses if you cash in.

The future is crypto.

The only question is, what form it will take?

Well, let's look at the tech world. 

Meta is sinking. 

Twitter is in trouble. 

Crypto is badly sliding. 

 

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12 hours ago, cstand said:

Yes got massive loses on profits but still in profit.
Down 70% from all time highs.

 

Surely that depends on when you bought?

 

p.s. please ignore. Realised now you probably are referring to your personal circumstances and bought at a price below the current price. 

Edited by Tamworthram
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Just thought I'd share this with you all. 

I got into crypto a couple of years ago and generally, it's full of scams and ponzis. 

That being said, getting scammed all the time did lead me to meeting a lot of folks online. With 2 of those friends, we formed our own project last September with no funds. 

We're still here grinding away. We are an LLC, and we're the first ever crypto backed project ever to have a physical product on Amazon.com. 

Next stage for us is to secure funding so we can go into mass retail in the US first. 

When we do get the right backing, we'll be returning 30% of our profits back into the token for our holders. 

We always set out to be a safe place where friends could be in the 100% knowledge that we won't run off with their money. If this works out for us in the way we want it to, our holders could have an extremely lucrative sum in a few years. No guarantees obviously but we're giving it a go at least. He who dares Rodders ?

As a massive DCFC fan of over 35 years now, wish us well eh. Would love to do something with / for my beloved Derby in the future. 

Edited by Igor_111
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  • 2 weeks later...
6 hours ago, Stive Pesley said:

Read loads of stuff about crypto being owned by the same billionaires that own the banks, investment groups, hedge funds etc.

They can make crypto appear to be worth what ever they like then crash the price whenever they want. Its all a game to the corporate gamblers. All done without any fannying around paying tax or worrying about social responsibility.

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12 hours ago, uttoxram75 said:

They can make crypto appear to be worth what ever they like then crash the price whenever they want. Its all a game to the corporate gamblers. All done without any fannying around paying tax or worrying about social responsibility.

Yep  - as the article says, it's akin to the unregulated markets prior to the 1920s crash. It's all just unregulated speculation now. No good will come of it. The idea of it being a replacement currency has long since been forgotten

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