I’m Gen X but I never got a chance to ‘play the game’ in Taiwan. They paid me too little for years (Taiwan stagnated for much of the 2000s) and the property prices outran wages for decades here already. Banks were unfriendly. Only crypto has allowed me to 'play the game ’ by new fairer rules.
It runs along a somewhat similar pattern though. For instance anybody who bought bitcoin or ethereum over five years ago can sit on their holdings and borrow against them to invest in more crypto and just wait for the prices to gradually rise,or they can kind of sit on the nest egg and earn an annual income by staking .
As long as you have enough collateral already you can play with some debt, it’s a bit similar to having a bank of property in this regard, although the volatility is insane so I would never borrow more than 10-20‰ against crypto assets in case you will be liquidated.
Simple rule to live by, don’t get too greedy. Also keep the day job .
Article on cryptomining. I don’t do that though I would recommend learning block chain languages such as Solidity if one wants to be a crypto ‘master’ .
This is becoming less and less of an issue (although good luck finding a GPU for the next couple of years!!). This is largely about “proof of work” (mining with hardware) vs “proof of stake” (holding currency as a node for the Blockchain) issues. Bitcoin is still proof of work, Ethereum is transitioning from proof of work to proof of stake, and most others are proof of stake. I am not going to fully go into it, but the environmental issues/lack of computer resources that concern many (myself included) are slowly becoming less of a concern.
None of them. If you want to gamble on shitcoins, feel free, just don’t delude yourself that any of them are “viable”. All you’re doing is gambling that you caught them during a “pump” and that you’ll be able to find a bigger fool to “dump” them on before they collapse.
There are at least three different serious projects trying to replace the dumpster fire that is ETH. Perhaps one of them will find an actual use case beyond scamming people with ICOs and NFTs and DeFi rugpulls, but I’m not betting anything on that.
LOL. Vitalik’s grand contribution to “crypto” was replacing a carefully structured and vetted opcode interpreter with a buggy rebranded JavaScript implementation and calling it a night. The result of that was that The DAO got hacked, because he was too busy adding features to bother fixing a known bug that people had been complaining about for months, resulting in “code is law” becoming “fuck immutability, we’ll just do a hardfork and revert the last two weeks of transactions.”
And now, whenever he’s got a bug up his ass about something (or has just had too much vodka), he runs around making random changes, like screwing over miners and “burning” their fees instead of letting them get paid for the work they do – the “London” update.
I look forward to him turning ETH into an even bigger POS coin when he finally releases his POS update in, oh, maybe 2025 or so.
I’m getting early Tesla hater vibes. Crypto community sucks ass and most of them are suckers but it doesn’t change the fact that it’s a revolutionary technology that is going to affect every aspect of our life. Even if someone is dumb, getting in early can make them lots of money.
It sure is interesting peeking into your brain. Hanging out on 4chan a lot lately ?
Yep the crypto sphere also carries more than its fair share of haters of ‘other projects that are not my fave’.
Besides what you said is completely wrong, Vitalik Buterin was and is the main force behind Ethereum, the most successful and impactful block chain protocol every created. A decentralised world computer and he is the force behind it. And he’s still only 27 years old.
Neither. Opportunity exists, I research, and invest, or not. Then sell when it is no longer viable. I did it with Cannabis stocks, and others, and I have been rather successful with it.
@OliviaLinToo I think you have a very specific bone to pick here; did you get burned here at some point? Like I said above, this is a small portion of my portfolio, so not a huge concern for me. I do want to learn, so if you have real research that shows how what you have said is valid, rather than memes, please share.
I always love to go back to this guy. What the heck with the week that is in it, Cop 26 and a trillion dollar EV company that can’t keep up with demand.
No, dear, I have never wasted my money on shitcoins. I merely feel sad that so many people throw their money at scammers such as the recent SquidCoin nonsense, or $SHIB. If you want a dog meme coin, why not $DOGE instead of someone else’s third-rate hijack of it? At least Doge was an honest joke, not just a means for some scammers to dump their premined bags on the gullible and easily manipulated.
But go ahead and call these “opportunity” if you wish. It’s your money, you can set it on fire if you so desire.
Ignoring, of course, Bitcoin, which is what created the whole field, and which ETH was meant to “support”. But you don’t have to believe me about that, take it from the Ethereum main website:
No less a personage than Vitalik Buterin wrote that “Ethereum would never be possible without Bitcoin” and it certainly seems that the market values Bitcoin far more highly than Ethereum. As far as “impactful,” I suppose ICO scams were a great way to transfer bigger fools’ money to Russian hackers, at least back in 2017.
As for myself, I’ve tried to tell people to buy Bitcoin, because it’s a well-managed project that isn’t centrally controlled by an idiot who tweets random comments about how child porn isn’t harmful. (Good thing he’s a billionaire and is in Russia.) What have you done with your life beyond shilling shitcoins to bigger fools?
I still think Tesla is overvalued but I would never bet against it. All the auto sales in the world wouldn’t justify it’s current pricing. The valuation would only make sense if it’s the first to autonomous driving lv5, which is not likely imho.
I will give you the benefit of the doubt and assume that you were directing this at Buterin, and not myself? Your switching of pronouns made it unclear which “you” you were referring to in this paragraph. Ahh, the lack of clarity of online writing.
Are you really that incapable of basic reading comprehension?
FFS, just go through BrianJones’ post history with all of his shitcoin shilling – hey, how’s that INJ looking? On the other hand, I’ve been telling people to buy Bitcoin my entire time here, and anyone who listened when I posted is well ahead of the game.
Well, if that was directed at me, please go right ahead. I’ll look forward to your tears when your shitcoins get rugpulled, or simply collapse on their own lack of merit. I particularly look forward to when $SHIB asphyxiates in low Earth orbit just like Laika (poor pup) and then incinerates on reentry instead of going to the Moon.
Jealously will get ya nowhere. It must be painful watching ETH’s continual accent from the sidelines.
By the way I made a lot of money on INJ sold at ATH for 3x. That’s exactly what OP is looking for.
Apparently, giving you the benefit of the doubt was a mistake.
My reading comprehension is just fine, you need to learn how to write more clearly, instead of just spitting venom (and having multiple subjects that you have referred to referenced with a pronoun).
I came here asking an honest question, and you have been no help whatsoever. All you have done is attack those who are trying to help.
If you genuinely want to demonstrate why you believe that Altcoins are poor investments, there are mature ways to do so. And if you have nothing to contribute, then just don’t write anything!
