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darkoz
darkoz
Joined: Dec 22, 2009
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May 6th, 2021 at 7:59:55 AM permalink
Quote: lilredrooster

...................

I've bought some Crypto - not Dogecoin

it's really weird for me - buying something that relates to nothing - that's in its own world - its only purpose is to be bought and sold

it's completely contrary to everything I've done my whole life as an investor

but somehow I did it - and have profited - but still the feeling is really strange


*



Your perception of what crypto currency is the issue

It's ethereal nature does not make it worthless.

There are some scammy worthless crypto out there but by and large they serve a function.

Speeding up payment processing, for example.

One crypto has created a new algorithm for internet advertising.

It's digital world relevance.

I also had to wrap my head around it.

But physically, what is the true value of Gold or diamonds? They are pretty?

If you were being marooned on a desert island with no sustenance and you had the choice of one year's food and water or it's equivalent weight in gold which would be of real value?
For Whom the bus tolls; The bus tolls for thee
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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May 6th, 2021 at 9:08:35 AM permalink
Quote: darkoz

Your perception of what crypto currency is the issue

It's ethereal nature does not make it worthless.

There are some scammy worthless crypto out there but by and large they serve a function.

Speeding up payment processing, for example.

One crypto has created a new algorithm for internet advertising.

It's digital world relevance.

I also had to wrap my head around it.

But physically, what is the true value of Gold or diamonds? They are pretty?

If you were being marooned on a desert island with no sustenance and you had the choice of one year's food and water or it's equivalent weight in gold which would be of real value?


All the gold in the world ever collected would fit within an Olympic sized swimming pool. Cryptocurrency is as only good as the cryptography stays secure. We're past the stage of survival now so we can worry about the extras. The value of crypto is what it is for now, could change any moment. Wish I had gotten some in the past and held on, but when do people generally decide the real world is something they would rather hold onto and the thing tumbles. Eventually though not everyone. Boom and bust, but at some point just bust.
I am a robot.
onenickelmiracle
onenickelmiracle
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unJon
May 6th, 2021 at 9:23:51 AM permalink
Everyone needs luck and they need hard work to succeed in life, there really is luck and good fortune and we never know what played the bigger role. I consider myself lucky I found this site and smart people to associate with, Might have been luckier never coming down this path, but it's not in my control. I don't care what shit bag haters think besides I'm glad they found someone or something to hate.
I am a robot.
darkoz
darkoz
Joined: Dec 22, 2009
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May 6th, 2021 at 9:42:18 AM permalink
Quote: onenickelmiracle

Everyone needs luck and they need hard work to succeed in life, there really is luck and good fortune and we never know what played the bigger role. I consider myself lucky I found this site and smart people to associate with, Might have been luckier never coming down this path, but it's not in my control. I don't care what shit bag haters think besides I'm glad they found someone or something to hate.



I'm not hating. I also found crypto, well, cryptic.

I had to educate myself in the finer aspects of it.

Blackjack card counting is a mental exercise! What is it's value? You can't hold it in your hands.

Nonetheless it has value.

The same is true of crypto. First ask what is the point of the coin. Google what the operations of the coin is for.

Dogecoin was started as a joke and I don't think it will have too much growth but there are some that add significant value.

I purchased $10,000 of stellar lumens at $.42 a month ago and it's now at $.65 and $15,000+

Stellar lumens perform a service amongst pay delivery speeds
For Whom the bus tolls; The bus tolls for thee
onenickelmiracle
onenickelmiracle
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darkoz
May 6th, 2021 at 9:57:42 AM permalink
Darkoz I know you're not hating.
I am a robot.
AxelWolf
AxelWolf
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onenickelmiracle
May 6th, 2021 at 12:59:39 PM permalink
Quote: darkoz



I purchased $10,000 of stellar lumens at $.42 a month ago and it's now at $.65 and $15,000+

Time to dump all mine (-:

Stellar was the 2nd Coin I ever bought somewhere in the neighborhood of .6 I have been buying, selling, and trading it along the way, the profits went into other coins like XRP so I have less than you at this point.

Some of my partners got in on Dodge coin fairly early.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
AxelWolf
AxelWolf
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May 6th, 2021 at 1:13:57 PM permalink
Quote: darkoz



But physically, what is the true value of Gold or diamonds? They are pretty?

It has stood the test of time for thousands of years, it doesn't tarnish, it's a conductor of electricity and they use it in all kinds of things.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
PokerGrinder
PokerGrinder
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May 6th, 2021 at 3:14:45 PM permalink
Imagine if he hadnít dumped it all at 3.5 cents lol


Btw doge is still complete trash imo (not saying you cant make money on it)
You can shear a sheep a hundred times, but you can skin it only once. ó Amarillo Slim Preston
AxelWolf
AxelWolf
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PokerGrinder
May 6th, 2021 at 3:26:46 PM permalink
Quote: PokerGrinder

Imagine if he hadnít dumped it all at 3.5 cents lol


Btw doge is still complete trash imo (not saying you cant make money on it)

And if I would have not tried haggling down $10 more back when I was offered 17 BTC for $710 and it was going for $720. Obviously, I would not have held them all, but no doubt, I would have kept at least 7. Or, I would have lost my 24 words and been really pissed off.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
EvenBob
EvenBob
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May 6th, 2021 at 4:39:18 PM permalink
Quote: lilredrooster

.....

but somehow I did it - and have profited - but still, the feeling is really strange



I would get that when I sold antiques and collectibles. I would set up at an antique show and then go around shopping the day before the show opened and I would find really good buys sometimes where the dealer had the item underpriced because he didn't know what he had. So I would pay 50 bucks and sell it for 200 the next day. It sometimes struck me as to where did that $150 profit come from. It made me realize right in my face that money is just a made-up concept, it does not exist outside of our heads. It's quite scary when you look at it that way.
"It's not enough to succeed, your friends must fail." Gore Vidal

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