James
Ahn'Qiraj Raider
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Good luck convincing the Bitcoin community that Proof of Stake is the future. Pretty sure they'd rather let the coin die.
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Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Good luck convincing the Bitcoin community that Proof of Stake is the future. Pretty sure they'd rather let the coin die.
Sanrith Descartes
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Here is a nice tinfoil hat thought for you. What if some really powerful entity with the ability to print unlimited fiat currency was using said unlimited wealth to manipulate the crypto markets to entice mad amounts of churning and generating untold amounts of realized profits which are then, since they are now realized, taxable. Thats one way to pay for an infrastructure bill.
Not reality only because those in the Administration aren't smart enough to come up with the idea. If I was the SEC Treasury I would be yoyo-ing the crypto markets 24/7 365 making people realize gains.
Not reality only because those in the Administration aren't smart enough to come up with the idea. If I was the SEC Treasury I would be yoyo-ing the crypto markets 24/7 365 making people realize gains.
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Threelions
Victory Through Harmony
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Rajaah
Honorable Member
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I've still got a bunch of money in SPACs that I'd rather have in crypto. However I think that the day after I drop them, they'll probably blow up. They're also all down around 10% overall since they're treading NAV, so I'd be selling at a loss on something that'd be a nice gain if I can be patient. Still, the thought of putting all of that into crypto instead (and probably negating the losses quickly) is appealing, not gonna lie
LachiusTZ
Rogue Deathwalker Box
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Is there any way I can get you to put your life savings into shorting ETH?
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Sanrith Descartes
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I might have to invest in crypto now. I want to own Fuck Elon Musk alt-coins.
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1) As already noted, nowhere near recovering all of it yet... still down considerably.
2) People spooked by a drop pull money out to stablecoins (DAI/USDC/USDT/etc...) then when they think it's bottomed they re-insert (which does account for some of the bounce).
3) Crypto markets are never closed......
Arden
Blackwing Lair Raider
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You're going to invest in crypto eventually anyway, might as well do it now.
Sanrith Descartes
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Threelions
Victory Through Harmony
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Wonder if they have a symbol that could be emblazoned into a coin for a momento.
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Mist
REEEEeyore
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Again, you're missing the point. Also, stablecoins are fucking pointless.
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Threelions
Victory Through Harmony
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I thought they are capable of earning higher APR than FIAT and... stable.
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Tmac
Adventurer
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I mean the timing of new investors entering the markets and the IRS hiring thousands of new employees is WEIRD.
swayze22
Elite
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What a dumb statement lol. why are you even in here? CASH is pointless because it ONLY loses value.
highest yield savings account for past couple years is like <2%. you can find many venues to park your cash in coins that will not fluctuate in value and get atleast 5-9%. and for the most part you would be using the same exchange/app whatever as the actual crypto so it takes seconds to convert....
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Tmac
Adventurer
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They serve numerous purposes. Why be so forcefully incorrect about something.
I usually avoid threads you’re in and now I remember why.
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OK... you take a pile of dollars. I'll take a pile split between DAI and USDC. Exchanging neither for anything else who do you think will have more in a year?
Protip :
Now, from an investing standpoint during a bull market (which we're still in) you only want to have it as a temporary waypoint between investments (if you're swing trading and not shorting). But for those wanting to try to maximize the bull run without shorting it will be essential to pull to stablecoins around the top in order to "hibernate" for bear protection.
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