Crypto Investment for long term

[ZL9M2]

Just drove past one of my properties. It's still there....

[lens]

Originally Posted by EdnoCaspery

Spending money on gambling is the worst idea ever for me. People who call this ‘investing’ are very strange to me. I think some of us don’t actually realize what investing means. It means putting money into something to get a profit out of it

I mean technically investing in anything is a gamble, whether it's crypto, stocks, real estate. Everything is not a guaranteed profit. You see people's stock portfolios and it's not doing well, or the houses they invested in start to tank due to rising interest costs and such.

Investing=putting money on it hoping it turns a profit.

[BRAKE!]

I think if you have some play money and want to scratch an itch, crypto certainly can be an alternative form of investment.

I will say, it doesn’t seem like crypto has a broad reach when you go to spend it like currency (lack of intrinsic value), but the speculative market sure love(d) it. Take it for what it’s worth but I don’t think it will go back to the heights of 2020-2021. Ppl know better now and the speculative investors will move onto the next thing.

If I am in a wealth-building phase of life, I wouldn’t put money into this. Particularly because there are more tried and true places to invest, but if you’re comfortable with what you’ve built up, then spending a little on crypto is totally acceptable.

[UnluckySaxon]

Long on XRP

[Nachbar]

Originally Posted by AngeloSmith

Spending money on gambling is the worst idea ever for me. People who call this ‘investing’ are very strange to me. I think some of us don’t actually realize what investing means. It means putting money into something to get a profit out of it.

So please tell me, where those (guaranteed) profits are.
Btw. I'm not saying, crypto and stonks aren't gambling.

[Organizedchaos]

Pulsechain and PulseX for the future. Bitcoin will hit maybe 14k before it bounces back. In my 6 years of crypto I've made over 400k with a down payment of about 12k. I've probably have taken out 80k and that was when Shiba Inu hit it big.

[paquet]

Originally Posted by chaungo

I mean technically investing in anything is a gamble, whether it's crypto, stocks, real estate. Everything is not a guaranteed profit. You see people's stock portfolios and it's not doing well, or the houses they invested in start to tank due to rising interest costs and such.

Investing=putting money on it hoping it turns a profit.

If I may chime in with my 2 cents, that's the philosophical view point - which is all well and fine when talking about it.
But when the rubber hits the road, there are many other factors to consider.

Yes, investing is driven on hope, but it's based on "something".
And that "something" doesn't have to nebulous - if calculated risks and models are used, an expectation of profit is not unreasonable. These are, in themselves, based on real world wants and needs.

Unfortunately, "crypto" based investments do not offer any such benefit.

Furthermore, the term "crypto" for "cryptocurrency" offends me as a cryptographic purist and student/scholar.
And folks who talk out of their behinds about economics and finance really get my dander up. It's all well to have an opinion, and I'll defend it, Voltaire blah blah, but I expect the person opining said opinion to have done some study so they are not spewing nonsense, for that's indefensible.
And that's how I consider "crypto" based investments to be - indefensible, unnecessary, and only being used for nefarious purposes.

Having said all that, "you do you, boo"

[Nachbar]

Originally Posted by Organizedchaos

Pulsechain and PulseX for the future. Bitcoin will hit maybe 14k before it bounces back. In my 6 years of crypto I've made over 400k with a down payment of about 12k. I've probably have taken out 80k and that was when Shiba Inu hit it big.

I see, you're in the same boat as me 🥳

[Organizedchaos]

Originally Posted by Nachbar

I see, you're in the same boat as me 🥳

If you are talking about the launch and waiting, yes. Lol. Sacrificed 10k about 7 months ago. I'm thinking sometime in November. If it doesn't launch by Xmas, I'm pulling my HEX out and readjusting the wallet.

[floridaorange]

Load up on Shibu

[DocL]

Originally Posted by GustavDoorca

Spending money on gambling is the worst idea ever for me. People who call this ‘investing’ are very strange to me. I think some of us don’t actually realize what investing means. It means putting money into something to get a profit out of it. While gambling is just putting money for fun and entertainment, sometimes getting wins and losses.

You are actually way off base. Investing is not gambling, well investing in true Bona fide companies. Look at the graph below and tell me how this is gambling. Bitcoin and those other coins to me are a gamble. There is no sustenance behind them. They are a mathematical based whatever the fuck you want to call it. I invest in stock companies whose product's I use such as Apple. Google, Amazon, etc... Not fuckcoin or whatever the newest ponzi scam is.

http://www.fedprimerate.com/djia-chart-history.htm
https://investinghaven.com/markets-s...art-100-years/

[2008M36MT]

Wondering how many of you have changed your mind about crypto as a viable investment? I've always thought it is complete bullshit. I don't know any grocery, electronics, clothing store, university, car manufacturer (but Tesla maybe) or online retailer that uses crypto, I don't know any person who uses it or anywhere where it's successfully adopted as a form of currency. I don't understand it. It's the equivalent of a hyped penny stock or worse, no substance behind it.

I've never hear of Anthony Pompliano until yesterday when I saw him on CNBC. The words HODLERS actually came out of his mouth on a nationally televised broadcast. So, it's clear the sophistication level of the investors he's trying to appeal to.

It may go up, it may go down, but in the end it'll end up like GME.

[TXSTYLE]

Originally Posted by 2008M36MT

Wondering how many of you have changed your mind about crypto as a viable investment? I've always thought it is complete bullshit. I don't know any grocery, electronics, clothing store, university, car manufacturer (but Tesla maybe) or online retailer that uses crypto, I don't know any person who uses it or anywhere where it's successfully adopted as a form of currency. I don't understand it. It's the equivalent of a hyped penny stock or worse, no substance behind it.

I've never hear of Anthony Pompliano until yesterday when I saw him on CNBC. The words HODLERS actually came out of his mouth on a nationally televised broadcast. So, it's clear the sophistication level of the investors he's trying to appeal to.

It may go up, it may go down, but in the end it'll end up like GME.

I've always been skeptical since it came out. Still am.
that's why I haven't or won't invest in it. Ultimately, the world's currency that has been around for ages, will continue to be where it is, on top.

[x622]

Originally Posted by TXSTYLE

I've always been skeptical since it came out. Still am.
that's why I haven't or won't invest in it. Ultimately, the world's currency that has been around for ages, will continue to be where it is, on top.

Gold?

Gold hasn't seen any movement. As a matter of fact, every currency has weakened against the dollar, including the dollar itself.

It's been a pleasure watching the trash get cleaned out of the markets. Defi yield farming has and always would be a game of bullshit. I feel bad for the people that bought on FTX and didn't know better to not move their funds onto their own hard wallets. I had that painful lesson from Gox years ago.

CEX's are just your onramp and offramp. Nothing more nothing less.

[KevinC]

YouTube commenter called FTX a "pump-and-dump shitcoin". Probably the best description ever of anything.

[x622]

Originally Posted by KevinC

YouTube commenter called FTX a "pump-and-dump shitcoin". Probably the best description ever of anything.

FTT? FTX was an exchange..

https://pacer-documents.s3.amazonaws...2020648197.pdf

Here's some docs from the incoming CEO. He was the guy who untangled the Enron fuckups. Really good read.

[XutvJet]

The implosion of FTX further reinforces my concerns over crypto and the legitimacy and security of this so called "currency".

[x622]

Originally Posted by XutvJet

The implosion of FTX further reinforces my concerns over crypto and the legitimacy and security of this so called "currency".

I really think none of you have any idea what happened with FTX. It has nothing to do with "crypto" failing and has everything to do with a group of idiots misappropriating funds in an immature sector.

I don't even know why I bother, it's not like any of you nay-sayers will read anything other than surface level materials anyway. If you give a shit, read the pdf I linked to earlier.

[KevinC]

Originally Posted by x622

I really think none of you have any idea what happened with FTX. It has nothing to do with "crypto" failing and has everything to do with a group of idiots misappropriating funds in an immature sector.

Here, I'll explain it to you.

[x622]

Originally Posted by KevinC

Here, I'll explain it to you.

Semi-accurate. SBF gave money to both parties, but obviously substantially more to the dems this election cycle. Very fascinating how well connected this guy was to all of the purported "regulators" and "watchdogs" of the space.

[dradernh]

What's the current thinking on how Mr. Bankman-Fried's babe-in-the-woods act is going to play out?

I read yesterday his take on the current circumstances in which he finds himself and he sounded like a nine-year old going "Mom! Mom...whaaaa!?!" Given the hole he's in, that was rather entertaining.

Who are the adults in the room - does anyone know?

[TXSTYLE]

Billions... With a B!

What an absolute and epic Shit Show FTX was.

Bitcoin is feeling the pain... Big Time!
https://www.ft.com/content/29a2f96f-...f-ffaadc502951

To even attempt to shovel the blame onto Democrats is laughable and foolish. Kinda like one orange dudes attempt to run again.

One of the most staunch supporters of Crypto has been none other than Republican Senator Patrick Toomey.
https://www.coindesk.com/policy/2022...hearing-shows/