Dogecoin up 14,000% since January
Quote: rxwineIs it likely or unlikely a new crypto currency could be designed that would have significant advantages, such as low mining energy cost, which would probably send all the current coins plummeting in value?
I'd say it is unlikely that bitcoin will dominate the sector as it has been doing. A leaner, meaner competitor always comes along.
Quote: darkozThe definition you say investopedia gives I don't see. Link to that on investopedia, please?
As for Investopedia saying it's a currency it's the first sentence in this link.
https://www.investopedia.com/terms/b/bitcoin.asp
Quote: Bitcoin is a digital currency.
Now, I suppose you will try to say when investopedia says the word "currency" prefaced by the word "digital" that they don't really mean the word "currency", lol.
Quote: darkozBump for Bill in case he missed it
If you can't find Investopedia's definition of currency, I'm not sure a link to it would help.
You really don't even understand what you are arguing, do you?
Continuing this is silly.
Quote: billryanIf you can't find Investopedia's definition of currency, I'm not sure a link to it would help.
You really don't even understand what you are arguing, do you?
Continuing this is silly.
That's the most dumbass copout response ever posted on WOV in my honest opinion.
Be a grown-up and just read the link I supplied that proves you wrong, admit you are wrong and move on like an adult.
Don't make up stupidity like if someone can't find a link that you claim exists but refuse to locate yourself that the other person doesn't understand it.
I've supplied a link to your own trusted website of note which refers to Bitcoin as a currency.
You can't even supply the link to your own definition.
Be a man, Bill. Just admit you were wrong
Your entire argument seems to be bitcoin is a currency so it's worth 50,000 or whatever it sells for.
Who can argue with such logic. The peso is currency and can be used to pay for things. Why isn't it worth $50,000?
Lets pretend you are right and bitcoin is a currency. Now what? Why is it worth $50,000 and why should anyone buy it? Why will its market share and value continue to grow? What are its underlying fundamentals? I asked you this last week and you couldn't answer it then, maybe you can now.
Quote: billryanIt is the very definition of currency. If you don't understand it, I really can't help you. Not that I have any interest in doing so. Countless others tried to correct you in your other thread but you don't want to know anything.
Your entire argument seems to be bitcoin is a currency so it's worth 50,000 or whatever it sells for.
Who can argue with such logic. The peso is currency and can be used to pay for things. Why isn't it worth $50,000?
Lets pretend you are right and bitcoin is a currency. Now what? Why is it worth $50,000 and why should anyone buy it? Why will its market share and value continue to grow? What are its underlying fundamentals? I asked you this last week and you couldn't answer it then, maybe you can now.
When did I say Bitcoin is $50,000 because it's a currency? You are comprehending backwards apparently.
You said it's not a currency.
I said it is.
I never said it's worth $50,000 BECAUSE it's a currency.
Investopedia says it's a currency.
You say it isn't but you trust investopedia.
So which is it?
Quote: billryanYou win. You don't seem to understand the difference between digital currency and currency Or the difference between currency and money but none of that matters. You win. Debate over .
Thank you.
I do know the difference. I also know that if something is digital currency you can't say it's not currency.
I think you had trouble telling the difference between physical currency and digital currency.
That's why you made ridiculous blanket statements like Bitcoin isn't currency.
What you should have said was Bitcoin isn't physical currency.
Quote: billryanElon Musk announced Tesla will no longer accept bitcoin for its goods or services due to the excessive energy used in creating them. I wonder how bitcoin will react to a progressive call to not accept them. Musk has been a proponent of crypto-currency until now. No word if he will sell his personal positions.
I was wondering when this would happen. Hard to love crypto and be an environmental type.
Doesn't sound like him, they're trying to not get shut out in China, so maybe it's the communists talking. China has been cracking down on mining, and China generally doesn't want money leaving their country either. I'm otherwise surprised Elon would say this.Quote: billryanElon Musk announced Tesla will no longer accept bitcoin for its goods or services due to the excessive energy used in creating them. I wonder how bitcoin will react to a progressive call to not accept them. Musk has been a proponent of crypto-currency until now. No word if he will sell his personal positions.
Quote: darkoz...It's a for lack of a better term a "perpetual motion machine" of finance...
Yikes!
Quote: billryanElon Musk announced Tesla will no longer accept bitcoin for its goods or services due to the excessive energy used in creating them. I wonder how bitcoin will react to a progressive call to not accept them. Musk has been a proponent of crypto-currency until now. No word if he will sell his personal positions.
Does anyone blatantly manipulate the markets as much as that guy? And find a way to get away with it I should say, I’m sure plenty others have done so, but not gotten away with it.
Quote: mcallister3200Does anyone blatantly manipulate the markets as much as that guy? And find a way to get away with it I should say, I’m sure plenty others have done so, but not gotten away with it.
I've been a Musk fan since Paypal and I was a very early believer in Tesla. I've made an incredible amount of my money off betting on him, but I can't say you are wrong.
Anything he says will move markets. Anything. I actually was probably spooked when he tweeted about DOGE coins myself and I thought it had and would bump his stock. Things usually make a blip then disappear unless it's something real and it's hard to always know what is real and what isn't.Quote: mcallister3200Does anyone blatantly manipulate the markets as much as that guy? And find a way to get away with it I should say, I’m sure plenty others have done so, but not gotten away with it.
Quote: gamerfreakPokerGrinder*
FWIW I think crypto is going to crash hard this year, but I have been saying that since bitcoin hit $1k so I am not the person to listen to.
I think PG is smart to invest in crypto the way he has. His “edge” is being 30 years of age and earning a high income.
Best case scenario he gets FU money, worst case he has to rebuild 5-10 years of savings.
It would take me less than a year to recoup my losses if crypto crashed.
As far as why I have an edge it’s because I don’t just own btc, I own quite a few alt coins and have done the research into them and know what I’m buying when I do. I’m not just dumping money into doge or Shibu coin and hoping.
Quote: PokerGrinderIt would take me less than a year to recoup my losses if crypto crashed.
Curious enough to compel comment.
What does that mean though? If my crypto were to crash to 0, it might take me perhaps a year, or maybe two or three years (not less than a year, because I don't have a small amount of crypto and I don't have a low income) to recoup the sum value of what the crypto was worth at all the times that I received it, given that few and far between of my clients gave me crypto instead of cash, even if it was going back some years. I continue to accept crypto from clients to this day.
If I were to say that it would take me less than a year to recoup the current value of the crypto I've hodled then that would mean that
(1) I don't have much crypto
(2) I have a low income.
Sometimes you gotta wonder about someone who doesn't describe in detail anything that he does career wise other than run around collecting casino chips.
So, I assume that PGrinder by losses is referring merely to the sum that he put into the crypto...the actual cash investment, because otherwise, his crypto holdings would appear to be insignificant.
Which gets back to how ridiculous of a statement he's making. It would be like saying, well, I only put two hundred grand into TSLA four years ago, so if it crashes back to 0, all I need to recoup is two hundred grand. Versus the millions that this amount of TSLA is worth today, which would be the actual investment loss were TSLA to crash to 0.
Kudos that the guy says he hodls, my hat is off to hodlers, but....
Quote: MDawgCurious enough to compel comment.
What does that mean though? If my crypto were to crash to 0, it might take me perhaps a year, or maybe two or three years (not less than a year, because I don't have a small amount of crypto and I don't have a low income) to recoup the sum value of what the crypto was worth at all the times that I received it, given that few and far between of my clients gave me crypto instead of cash, even if it was going back some years. I continue to accept crypto from clients to this day.
If I were to say that it would take me less than a year to recoup the current value of the crypto I've hodled then that would mean that
(1) I don't have much crypto
(2) I have a low income.
Sometimes you gotta wonder about someone who doesn't describe in detail anything that he does career wise other than run around collecting casino chips.
So, I assume that PGrinder by losses is referring merely to the sum that he put into the crypto...the actual cash investment, because otherwise, his crypto holdings would appear to be insignificant.
Which gets back to how ridiculous of a statement he's making. It would be like saying, well, I only put two hundred grand into TSLA four years ago, so if it crashes back to 0, all I need to recoup is two hundred grand. Versus the millions that this amount of TSLA is worth today, which would be the actual investment loss were TSLA to crash to 0.
Kudos that the guy says he hodls, my hat is off to hodlers, but....
It's seems to me a different mentality.
I get what you are saying but to me until you sell it's not a gain.
Likewise if you don't sell when the price drops it's not a loss.
Let's flip your example.
Let's say I put two hundred grand into Cytodyn at $3 per share. It goes to thirty cents and stays there for four years. Then it returns to $3 and I sell.
I would say I didn't lose any money in the end.
But to be consistent with your way of thinking you would have to say I won back all the losses I suffered years ago.
Did I really win anything?
Quote: MDawgCurious enough to compel comment.
What does that mean though? If my crypto were to crash to 0, it might take me perhaps a year, or maybe two or three years (not less than a year, because I don't have a small amount of crypto and I don't have a low income) to recoup the sum value of what the crypto was worth at all the times that I received it, given that few and far between of my clients gave me crypto instead of cash, even if it was going back some years. I continue to accept crypto from clients to this day.
If I were to say that it would take me less than a year to recoup the current value of the crypto I've hodled then that would mean that
(1) I don't have much crypto
(2) I have a low income.
Sometimes you gotta wonder about someone who doesn't describe in detail anything that he does career wise other than run around collecting casino chips.
So, I assume that PGrinder by losses is referring merely to the sum that he put into the crypto...the actual cash investment, because otherwise, his crypto holdings would appear to be insignificant.
Which gets back to how ridiculous of a statement he's making. It would be like saying, well, I only put two hundred grand into TSLA four years ago, so if it crashes back to 0, all I need to recoup is two hundred grand. Versus the millions that this amount of TSLA is worth today, which would be the actual investment loss were TSLA to crash to 0.
Kudos that the guy says he hodls, my hat is off to hodlers, but....
I’m talking about how long it would take me to recoup my investment into crypto not the current value of my holdings.
I make quite a bit more than the average person over a year. I’m amused by your comment about someone who doesn’t go into detail of what he does. I’m an ap, I don’t have a need to go around saying look at me, look at me. Some people need people to know they are rich, look at my watches, gold bracelets and luxurious suites. I on the other hand like to keep a low profile, I don’t need to flaunt what I have. I have this crazy thing called humility.
Btw I do also get comped large suites and all my food is comped but I don’t talk about it cause it doesn’t matter. It doesn’t make me the least bit important.
I have done extremely well in crypto currency both holding btc and trading alt coins. I am very grateful to have the friends I do as I am able to learn and research different projects and invest in them. I believe I am a very sound trader.
Quote: PokerGrinderIt would take me less than a year to recoup my losses if crypto crashed.
As far as why I have an edge it’s because I don’t just own btc, I own quite a few alt coins and have done the research into them and know what I’m buying when I do. I’m not just dumping money into doge or Shibu coin and hoping.
95% of your net worth is less than a year of savings?
Elon Musk, who up to now has been a big pumper upper of Crypto just announced he will no longer accept Bitcoin as payment for his Teslas
due to concern about the environment - how much energy is used in processing Bitcoin
https://www.nytimes.com/2021/05/12/automobiles/tesla-bitcoin.html
but
if you read carefully Elon Musk's statements you will also see this:
"Cryptocurrency is a good idea on many levels and we believe it has a promising future,"
and this - he owns over $1 billion worth of Bitcoin:
"Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy,”
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Quote: gamerfreak95% of your net worth is less than a year of savings?
95% of my net worth with the current value of my portfolio. My portfolio is up almost 500% in the last year.
Quote: PokerGrinderMy portfolio is up almost 500% in the last year.
that's fantastic.........................!
you deserve to be congratulated for that - so congratulations
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What about education and a more traditional career?
To get this straight, at your relatively young age you've decided to devote your life to casinos and put all of your savings into various cryptos not even just bitcoin and not even just hodling also trading cryptos? If so, Good luck, you'll need it. And just remember, none of us has a set or guaranteed expiration date.
Quote: RogerKintClearly, I need to recheck the definition of humility.
Perhaps it’s what they call a “humble brag.”
Quote: PokerGrinder95% of my net worth with the current value of my portfolio. My portfolio is up almost 500% in the last year.
Quote: lilredroosterthat's fantastic.........................!
you deserve to be congratulated for that - so congratulations
that Dog, today on the post at 6:38.06 a.m. just dished out some terrible advice as usual which I 'm sure you will ignore without me saying anything
just enjoying pointing out the terribleness of it
everybody has their own individual appetite for risk - nobody can tell another person what their tolerance for risk should be
if those who accept greater risk fail - so what - people who accept all different levels of risk fail sometimes
now we can all go back to our lives and continue ignoring the Dog
this advice was almost as bad when he recommended the dangerous supplement Niacin
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Quote: MDawgPokerGrinder I didn't want to insult you by implying that your "career" was "AP'ing" (yes, I put that in quotes) in casinos, but is that actually all you do? I booked a hundred and fifty grand in casinos last year and if that were all I did / made I'd be in serious trouble. I go to casinos for fun it's not for a living.
What about education and a more traditional career?
To get this straight, at your relatively young age you've decided to devote your life to casinos and put all of your savings into various cryptos not even just bitcoin and not even just hodling also trading cryptos? If so, Good luck, you'll need it. And just remember, none of us has a set or guaranteed expiration date.
MDawg, why would you be in serious trouble if you only made $150,000 a year?
As someone who was homeless for a few years making zero, it's quite possible to live comfortably on $150,000.
You may have some spending addiction it sounds like to me.
It's usually characterized by spending inordinate amounts of money on unnecessary items like $10,000 just to tell the time, solid gold paperclips when a penny paperclip achieves the same objective.
Inlaid gold toilet paper to wipe your ass!
You may suffer from Aspenditis!
In any case, I don't view ten grand a month as a serious income. Not for anyone who has devoted a lot of time and effort to his career.
In any case, with a real career there is or should be unlimited upside. Devoting one's life to making money out of casinos there is a ceiling to where it may go, and always the risk of having the income cut off, would you at least agree with that?
Quote: MDawgThere's a difference between need and want. Ten grand a month may be all I need in that most everything I own is fully paid for (but Property taxes add up too), but I mean come on, that's not a serious income for a real career.
What is a real career to you?
I work in STEM field at a firm that does a lot of speciality engineering work. We have a few people who have spent 20+ years specializing in something, and are easily top 10 in the country in that field.
Those folks max out at around $200k.
Most careers don't have an unlimited upside, even the good ones. Really there's a ceiling to AP? Please tell us what that ceiling is? Technically, there's a ceiling to everything. No one knows the ceiling on AP, but I can tell you that it's fairly high depending on your knowledge, motivation, and dedication there's much ceiling potential than an avrage lawyer. Bill Benter claims to make 100 Million a year.Quote: MDawgThere's a difference between need and want. Ten grand a month may be all I need in that most everything I own is fully paid for (but Property taxes add up too), but I mean come on, that's not a serious income for a real career.
In any case, with a real career there is or should be unlimited upside. Devoting one's life to making money out of casinos there is a ceiling to where it may go, and always the risk of having the income cut off, would you at least agree with that?
Most well-paying careers take time and education before you can start making decent money there are opportunities and Advantage play where you can jump in and start making a significant amount per year right off the bat.
Yes, there are some uncertainties when it comes to AP, but with most careers, you don't get anywhere near the freedom you do as an Advantage Player.
Doing the same for fun, that's fine. Not a career though.
Yes, those scientists / engineers you mention could lose their jobs, but there is not an entire industry determined to put them out of business.
I suppose as long as you accept that it could all go up in smoke tomorrow, then do whatever, but - a drug dealer could say the same.
Quote: MDawgDevoting one's life to making money out of casinos there is a ceiling to where it may go,?
Devoting ones life to making money period there is a ceiling to where one may go. Part of where the upside of the freedom of some career choices is a bonus for lifestyle design.
It’s called the hedonic treadmill, there’s major diminishing returns in what money really does for someone above 80k or so a year for what that actually does for someone. Going from 40k to 80k means a lot more than going from 80k-200k in what it gives someone the ability to do/enjoy life. That’s no reason to intentionally make less money, but if it comes at the expense of the rest of ones life, not being able to experience enough things until your body is already breaking down and you can’t experience them that is foolish.
But picking an endeavor where there are major forces directed to shut you down, backed up by at least private rules and regulations, is not a career. In fact, it would be somewhat considered to be the opposite of a career.
Why even be a hater? It is until it isn't then they can look for something else or do other things simultaneously.Quote: MDawgWell that's an over all truth.
But picking an endeavor where there are major forces directed to shut you down, backed up by at least private rules and regulations, is not a career. In fact, it would be somewhat considered to be the opposite of a career.
For three years now there have been some people lined up saying that it is impossible to do what I do in the casinos. Now more are starting to accept that it is possible. In any case, even though I do it, I still don't consider it any kind of career. Just something I like to do for fun. That's just reality.
Quote: MDawgWell, living on the caprices of a casino is not a real career. Just the other day it seemed like they had pulled the rug out from under me. Doing something where the entire purpose and existence of the casinos is hell bent on putting a stop to whatever you are trying to do, is not a career.
Doing the same for fun, that's fine. Not a career though.
Yes, those scientists / engineers you mention could lose their jobs, but there is not an entire industry determined to put them out of business.
I suppose as long as you accept that it could all go up in smoke tomorrow, then do whatever, but - a drug dealer could say the same.
Most careers are about someone else trying to shut you down.
Even owning a mom n pop grocery store involves having the big K supermarket down the block trying to put you out of business.
If the only legit career was one with no competition and no one trying to shut you down there would be a lot less legit careers
What rules and regulations that casinos have in place support AP "work?"
Quote: MDawgWell that's an over all truth.
But picking an endeavor where there are major forces directed to shut you down, backed up by at least private rules and regulations, is not a career. In fact, it would be somewhat considered to be the opposite of a career.
All I’m saying is I’ve never heard of someone on their deathbed saying “I wish I would have worked more” or “I should have been a lawyer..” so why do we insist on tying peoples identity or value to their occupation in this country.
Quote: MDawgCome on DarkOz, you're trying to compare market competition, with "AP" "work" in a casino? For one, there are no rules against market competition, if anything anti-trust laws support market competition.
What rules and regulations that casinos have in place support AP "work?"
What??? Casinos are one of the MOST regulated industries!
You are not recognizing the Casino is not the regulator, the casino is the market competition for AP's.
State gambling regulations, Casino Control Commissions, and state legislation regarding what Casinos can or cannot do practically promote competition.
For example, it's been ruled upon in the courts that card counting isn't illegal.
It's Still against the rules of the Casinos, correct?
I won a jackpot on someone else's players card freeplay and the casino refused to pay. I called in the gaming authority which ruled IN MY FAVOR! They are subject to plenty of rules and regulations that helps promote (even if that wasn't the intent) AP.
Quote: MDawgPokerGrinder I didn't want to insult you by implying that your "career" was "AP'ing" (yes, I put that in quotes) in casinos, but is that actually all you do? I booked a hundred and fifty grand in casinos last year and if that were all I did / made I'd be in serious trouble. I go to casinos for fun it's not for a living.
What about education and a more traditional career?
To get this straight, at your relatively young age you've decided to devote your life to casinos and put all of your savings into various cryptos not even just bitcoin and not even just hodling also trading cryptos? If so, Good luck, you'll need it. And just remember, none of us has a set or guaranteed expiration date.
Wow could you be more pretentious? This is why I don’t talk to you on here anymore. You look down on everyone who isn’t doing what you’re doing cause you’re so amazing. You have a need for everyone to know you have money because you’re insecure. That’s why you post what you do on here, it’s all for your ego. I pity you.
I went to university and I make 5x with my “fake” AP career than I would if I used my schooling. I make excellent money and I’m happy, isn’t that the point?
I'm fairly certain we can count the number of people who like MDawg, on one hand. Even if we exclude all your tranny lovers we would need an adding machine to add up all the people that like you.Quote: PokerGrinderI’m happy, isn’t that the point?
the words and tweets of one man - Elon Musk - are causing this stuff to bounce up and down by a lot
for one man to have that much power - it's not a good thing
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I’ve worked with so many people who make less than ‘ten grand a month’ that are career nurses, respiratory therapists, surgical technicians, etc... that are happy in their CAREERS. Neither of my sons will ever make the money I did in their careers.
I say this all the time.... no one is happier in their job than my entomologist son.
MDawg... be happy in your own success. Be proud you built a successful law practice. Be glad you have figured out a way to beat the casinos. You don’t need to denigrate those not as fortunate as you have been. I’m not saying you didn’t earn what you have. Or work damn hard to achieve it.
