Remember when the coli first discovered crypto currency and brehs were about to cop lambos and shyt?

[Cobalt Sire]

What sucks is there is no new or exciting thing to invest in now that I have a bit of cash. I remember the days when regular people were mining bitcoin, and I couldn't afford a decent computer to mine them. If I had a decent computer, I would've mined, maybe read deeper into it, and seen potential for it to take off. No money, and opportunity missed.

 

[SadimirPutin]

What sucks is there is no new or exciting thing to invest in now that I have a bit of cash. I remember the days when regular people were mining bitcoin, and I couldn't afford a decent computer to mine them. If I had a decent computer, I would've mined, maybe read deeper into it, and seen potential for it to take off. No money, and opportunity missed.

give it time

a fresh batch of suckers is always around the corner.....by march a new crypto enthusiasm bubble will be here.

after all people think/thought dogecoin will be actually a useful thing in the future...

 

[that guy]

What sucks is there is no new or exciting thing to invest in now that I have a bit of cash. I remember the days when regular people were mining bitcoin, and I couldn't afford a decent computer to mine them. If I had a decent computer, I would've mined, maybe read deeper into it, and seen potential for it to take off. No money, and opportunity missed.

There are plenty of exciting crypto projects to invest in especially right now when everything is on sale

 

[old pig]

There are plenty of exciting crypto projects to invest in especially right now when everything is on sale

right this guy sounds like he’s waiting to burn his money by waiting until everyone is excited about a project again so he can FOMO in…the time to buy is when there’s no interest in what are still good projects and the media/regulars are looking to deter folks from investing…we’ve literally seen it play out on this forum…shyt we’ve seen it play out in this very thread lmaooo

cats had jokes in 2019/2020 and they were the main ones to miss out on 2021…we will see this pattern repeat itself again…I can’t say it enough…ideally you wanna buy when these type of threads/posters pop up and sell when everyone’s excited again…it’s possible to jump in when shyt is hot and make money but that requires some experience, a lot of luck, and money to burn…when shyt is down like this (and it may likely dip further) this is when you really want to have strong convictions…the payoff will be greater

 

[old pig]

great thread bump as we look like we may be entering a bear market again…those of you in the market, please read all the “cRyPtO iS dEaD” comments in here and soak it up lol…soon it could be a great time to accumulate…might have to wait a few months (if you’re lucky) but more realistically a few years for it to pay off…2019 wasn’t that long ago and look at these negative comments bcuz you’re about to see them again…the more the better

I ate off this too…market did in fact rebound in a few months…my biggest win was SHIB which dipped hard at this time but bounced back even higher…ended up with a 10x

that being said this is different…idk if the market will recover in a matter of months this time…I’m mentally preparing myself that it could take years (2024/2025)…for anyone who feels that may be too long ask yourself if you’ll see be at the same job or earning around the same pay in the next 2-3 years…and if the answer is “yes” (this isn’t a bad thing btw…I’m not pointing this out as a “negative”) then it doesn’t hurt to be patient and look to invest/hold

and the great thing about these downtimes in the market is you don’t have to take a chance on meme coins…there are veritable projects in the top 50 that will be on deep discount…CRO is a huge example…ignore the price and look at what it actually is…that’s a coin that will be fine years from now

 

[Oldschooler]

right this guy sounds like he’s waiting to burn his money by waiting until everyone is excited about a project again so he can FOMO in…the time to buy is when there’s no interest in what are still good projects and the media/regulars are looking to deter folks from investing…we’ve literally seen it play out on this forum…shyt we’ve seen it play out in this very thread lmaooo

cats had jokes in 2019/2020 and they were the main ones to miss out on 2021…we will see this pattern repeat itself again…I can’t say it enough…ideally you wanna buy when these type of threads/posters pop up and sell when everyone’s excited again…it’s possible to jump in when shyt is hot and make money but that requires some experience and a lot of luck…when shyt is down like this (and it may likely dip further) this is when you really want to have strong convictions…the payoff will be greater

Your mindset is correct and that goes for any type of investment. But there's still a big question mark for me as a conservative investor. There's no value to it right now and there will not be any value to the specific coins of today in the distant future. In other words, I can't put money in it and hold it for 40 years. Why? Because there seems to be hundreds of new iterations almost every year with different claims towards practicality. So in 40 years the coin that gets adopted will not be what you invested in today.

There's no guarantee that my ETH and BTC will be anything but shyt coins. The retail investors will once again be the bag holders for any big commercial investor who would have exited well before or even made money on betting against the drop.

99% of investors and people in this thread are making money off a gut feeling which is similar to gambling on sports but with a delayed timeline, giving the investor a false sense of security that it's legitimate. By the way i hold the same feeling for stocks that are very detached from their actual business.

 

[old pig]

I can't put money in it and hold it for 40 years.

the industry is barely a decade old so I’m not even going to entertain this…no one knows this as there are still projects looking to assert themselves in a relatively new space…that being said in the short time it’s been around, there are some projects that have stayed at the top and probably will for the next 40 years…but I have no interest in being right about that…I’m not waiting around for 40 years to gloat…I’m taking advantage of being early in the space now

 

[that guy]

Your mindset is correct and that goes for any type of investment. But there's still a big question mark for me as a conservative investor. There's no value to it right now and there will not be any value to the specific coins of today in the distant future. In other words, I can't put money in it and hold it for 40 years. Why? Because there seems to be hundreds of new iterations almost every year with different claims towards practicality. So in 40 years the coin that gets adopted will not be what you invested in today.

There's no guarantee that my ETH and BTC will be anything but shyt coins. The retail investors will once again be the bag holders for any big commercial investor who would have exited well before or even made money on betting against the drop.

99% of investors and people in this thread are making money off a gut feeling which is similar to gambling on sports but with a delayed timeline, giving the investor a false sense of security that it's legitimate. By the way i hold the same feeling for stocks that are very detached from their actual business.

There’s no value in a 1.65 trillion dollar market??

You said you wouldn’t invest long term in the crypto market because there’s “hundreds of iterations every year” you could say the same thing about the stock market. That’s the point of doing research on which projects/stocks to invest in.

 

[Red11]

There are plenty of exciting crypto projects to invest in especially right now when everything is on sale

IRS Will Pay Up To $625,000 If You Can Crack Monero, Other Privacy Coins

 

[old pig]

IRS Will Pay Up To $625,000 If You Can Crack Monero, Other Privacy Coins

yo these fakkits lmaooo

they’re so behind in keeping up with taxing folks on regular coins but they wanna make like they’re going after the privacy shyt lmao smdh

 

[Red11]

yo these fakkits lmaooo

they’re so behind in keeping up with taxing folks on regular coins but they wanna make like they’re going after the privacy shyt lmao smdh

Yo a lot of people think most Cryptos are private. Monero FTW.

 

[Oldschooler]

There’s no value in a 1.65 trillion dollar market??

You said you wouldn’t invest long term in the crypto market because there’s “hundreds of iterations every year” you could say the same thing about the stock market. That’s the point of doing research on which projects/stocks to invest in.

Crypto currency the answer is in the name. At the end all coins don't have value unless they replace money. It's not similar to different stocks at all.

 

[that guy]

IRS Will Pay Up To $625,000 If You Can Crack Monero, Other Privacy Coins

When the IRS is offering $625k to crack a privacy coin that’s how you know it’s doing it’s job

 

[Oldschooler]

There’s no value in a 1.65 trillion dollar market??

You said you wouldn’t invest long term in the crypto market because there’s “hundreds of iterations every year” you could say the same thing about the stock market. That’s the point of doing research on which projects/stocks to invest in.

the industry is barely a decade old so I’m not even going to entertain this…no one knows this as there are still projects looking to assert themselves in a relatively new space…that being said in the short time it’s been around, there are some projects that have stayed at the top and probably will for the next 40 years…but I have no interest in being right about that…I’m not waiting around for 40 years to gloat…I’m taking advantage of being early in the space now

That's fine then you're a speculative investor investing on a highly volatile asset class that doesn't represent anything practical right now. Call a spade a spade. Your speculation isn't any different than someone investing in penny stocks.

 

[that guy]

Crypto currency the answer is in the name. At the end all coins don't have value unless they replace money. It's not similar to different stocks at all.

That’s where you’re misunderstanding. The name “cryptocurrency” is misleading. Instead of cryptocurrency think of cryptotechnology or crypto assets. Not all coins are meant to be currency and replace money. Someone just mentioned the monero token. Monero isn’t meant to be a form of money but instead a way of privately and discreetly banking. You can tell it’s value by the fact the IRS is offering over $600k to crack the code or find a vulnerability.