Crypto currency (IF banned from CA)

[DuuuncanHadaPigeon]

I wasn’t saying that any of this critique is unique to HEX, rather that when looking into it, there was enough doubt cast; whether that be on the development stage of such DeFi projects at that point in time, doubts over the HEX origin address, or on the character of RH etc.

That’s not to say it is a Ponzi as I’m not an expert on its tokenomics, but given there were a number of other promising projects to invest in during market low points, it gave me enough reason to look elsewhere (at the time I had a bag of VET which thankfully 10,000X’d during the same period).

A quick look at the VET chart suggests it has not even come close to a 10,000x ? Unless I am looking at wrong chart i see starting price at $0.006 and all time high of around $0.20

Please correct me if I'm wrong.

Regarding your last paragraph the same can be said about any stock/crypto

 

[DuuuncanHadaPigeon]

Once that staples centre deal gets announced then Cro is on the way to the moon.

CRO Has already spent millions and millions on marketing, I am skeptical that it's coin, which does what? Will pump

 

[Gabagool]

A quick look at the VET chart suggests it has not even come close to a 10,000x ? Unless I am looking at wrong chart i see starting price at $0.006 and all time high of around $0.20

Please correct me if I'm wrong.

yes, I realised as I posted that it was 10,000% (0.0025-0.27) rather than 10,000X !

 

[DuuuncanHadaPigeon]

yes, I realised as I posted that it was 10,000% (0.0025-0.27) rather than 10,000X !

Ha sound, did think am I looking at the right chart, still, a 100x not to be sniffed at. Congrats

 

[Gabagool]

Ha sound, did think am I looking at the right chart, still, a 100x not to be sniffed at. Congrats

Thanks, it was nice to be able to take advantage of a bear market after having bought the top in 2014. There were a couple of top-30 (at the time) mid-caps that went down 90% (and then down another 90%) which turned 50-100x profits (despite a startling lack of use case) which were worth a punt for the mean reversion alone. I’m skeptical as to whether such opportunities will arise to the same extent once the market becomes more mature and liquid, but the best chance of a 1000X+ in 2022 is no doubt accessing seed rounds for the next trend (DAOs, ZK roll-ups for L2s, P2E).

 

[DuuuncanHadaPigeon]

Thanks, it was nice to be able to take advantage of a bear market after having bought the top in 2014. There were a couple of top-30 (at the time) mid-caps that went down 90% (and then down another 90%) which turned 50-100x profits (despite a startling lack of use case) which were worth a punt for the mean reversion alone. I’m skeptical as to whether such opportunities will arise to the same extent once the market becomes more mature and liquid, but the best chance of a 1000X+ in 2022 is no doubt accessing seed rounds for the next trend (DAOs, ZK roll-ups for L2s, P2E).

Unironically best chance of a 1000x is hex followed by pulse chain.

There have been many forks of ETH before, so on the surface you think another fork is redundant, but the brilliance of pulse chain is that they are copying the whole system state, so any erc20 tokens you have will be copied over and you will now have two version of the same coin.

This is an utterly fascinating scenario. Imagine all the coins that are basically dead on Eth because of gas, now revived. More interesting for me are the stablecoins like tether, what will happen to the pulse version of that? We have already seen it operate on a fractional reserve basis, it is not backed 1:1 so what will the pulse version be worth. Personally think it is very fascinating

 

[Woolverhampton_Blue]

It's speculation.

the value of a stock comes from the next guy buying not the fact that they sell iphones for £1000.

Elon Musk said a while back he thinks the price of TSLA is way overvalued, this is because the price of pretty much all stock prices are speculation, people buy them hoping to sell them to the next guy for a higher price than they paid.

Not dividends, not stock buybacks but speculation. Much like BTC and nearly every other crypto.

I am not a crypto fanatic, the blockchain is a slow expensive database and any business would be crazy to use it over an excel spreadsheet. It does have a couple of very important features however, it is censorship resistant and it removes inefficient middlemen.

Yes people selling shares on in a ‘secondary’ market is influenced by speculation. But that speculation is based on how a company is performing (usually). Apples share prices are absolutely influenced by how they are able to sell phones for a grand.

Crypto prices are based on what? Other than belief in its value in the way that currency works? Regular currency is regulated and exists as a store of value - I can exchange it directly for goods and services. Can I exchange crypto in a shop for food or a car? No. I’d have to exchange it for traditional currency first. So what is its actual intrinsic value?

 

[BrendanGOT]

A quick look at the VET chart suggests it has not even come close to a 10,000x ? Unless I am looking at wrong chart i see starting price at $0.006 and all time high of around $0.20

Please correct me if I'm wrong.

Regarding your last paragraph the same can be said about any stock/crypto

If VET 10000x'd I'd be a millionaire lol and I got in very early

 

[Bruce Wayne]

My counterpoint as it has been anytime I’ve talked about this in this thread is that no one has a clue. It’s all massively speculative. And there are loads of crooks out there looking to scam people. Look, I hope all of you make tons of money out of your various positions as it doesn’t do me any good seeing people lose money. I have no skin in this game. I just get annoyed when people make grand claims about what is still a very nascent market which could in turn lead to people losing money.

Indeed. If you look at shares you could reasonably argue why a stock has gone up or down based on the fundamentals of the business or market it is in. With crypto I'm not sure that could be said at all.

 

[witchdoc187]

I said I'd let people know when my algorithm gave a buy signal for BTC. Well buy now 50826$

 

[jayonenote]

My bank has just banned buying Crypto.
What UK Banks are supporting buying Crypto on Binance?

 

[Zatara]

My bank has just banned buying Crypto.
What UK Banks are supporting buying Crypto on Binance?

Not an immediate help but...

Theres a project launching in a few months time which enables people to:

1: Open a US regulated bank account remotely (so any transfers to UK or wherever are in FIAT currency).

2: Transfer from that account using USDC to buy crypto 'instantly'.

3: Convert crypto into FIAT and have it in your US bank account 'instantly'.

4: Make instant or future payments through crypto at a locked in / hedged price.

There will also be a token attached to this project.

Im not a part of it but will invest in it closer to launch.



Also, no idea why people use Binance...look at the exhange manipulation going on there.

 

[jayonenote]

Spoiler

---

Not an immediate help but...

Theres a project launching in a few months time which enables people to:

1: Open a US regulated bank account remotely (so any transfers to UK or wherever are in FIAT currency).

2: Transfer from that account using USDC to buy crypto 'instantly'.

3: Convert crypto into FIAT and have it in your US bank account 'instantly'.

4: Make instant or future payments through crypto at a locked in / hedged price.

There will also be a token attached to this project.

Im not a part of it but will invest in it closer to launch.



Also, no idea why people use Binance...look at the exhange manipulation going on there.

Thanks.
My particular Bank has also locked me from purchasing on Swissborg, so I think it's a blanket crypto currency ban.

 

[Zatara]

@jayonenote i'll open an acct at the bank i mentioned in Jan and see how it works prior to the crypto transfers / payments side being integrated.

If you remind me in a few weeks / month i'll let you know who it is and give some feedback.

 

[nikom court]

My bank has just banned buying Crypto.
What UK Banks are supporting buying Crypto on Binance?

i wouldnt say they support it but iv never had any problems with the halifax,
iv bought on binance and coinbase.