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Crypto currency (IF banned from CA)
- Thread starter YoboCopter
- Start date
Kev The Rat
Player Valuation: £70m
Sorry wrong thread (but still relevant) but personally I don’t think that out of control inflation , global hunger and wrecked markets are a price worth paying to prop up a Nazi regime.
Putin has checkmated us and we still want more pain?
Putin has checkmated us and we still want more pain?
wainy
Player Valuation: £35m
What nazi regime is this?
Kev The Rat
Player Valuation: £70m
the one that that has infilitrated the corridors of power of the so-called state of Ukraine and is demanding an existential fight to the death for its own survival.
wainy
Player Valuation: £35m
Oh wow
JimmyJeffers
Player Valuation: £70m
How so, comrade?
Can you write us a 20 paragraph essay with your detailed analysis of the political landscape in the world right now and use it to start a new thread?
I am here to learn
You could call it "Smartline with your host Kev Brockman"
Kev The Rat
Player Valuation: £70m
I suspect he wont be too bothered about extending this war, in order to gain the extra money from the increase in gas and oil prices that this conflict has induced.
We pay for it, while funding his actions. Plus paying to support the entirety of the rump state, and feed them weapons.
Stoltenberg seems to welcome it.
I dont think we should.
You can't post in the CA any more and rather than duplicating the post, this answers your question.
Kev The Rat
Player Valuation: £70m
Jam tomorrow with you people, as always
I’m afraid the ‘hope’ of future improvement doesn’t cut it, not with me anyway.
You think because Russia doesn’t talk to NATO countries it can’t sustain itself via other countries trade.
The Soviet Union collapsed not because of economics but because of Radio Free Europe and Voice of America.
Putin is a far harder character than the useful idiots Gorbachev and Yeltsin. Russia has been tricked by the west into capitulating before - once bitten etc.
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DuuuncanHadaPigeon
Player Valuation: £10m
Bloomberg rarely covers Hex but has an article today fwiw, not that I think you will like it much tbh!
Memories of Bitcoin-Beating Returns Keep Hex Holders Hanging On
The more than 100,000 devotees to a little-known token called Hex swapping jokes and encouraging each other to stay bullish over the Telegram messaging app shows the desire to get rich quick remains as strong as ever in the midst of the latest crypto winter.www.bloomberg.com
But what really stands out is how Hex dangles a roadmap to great wealth for so-called Hexicans. Hex is an app on the Ethereum network that offers a staple of traditional investing packaged in a crypto wrapper in what it calls a “blockchain certificate of deposit.” Users lock up, or “stake” the Hex coins they’ve purchased from the app for up to 15 years to earn interest paid off with more Hex tokens. Hex’s website says the typical investor locks up their funds for 6.6 years to earn an average 38% annual return.
That has raised eyebrows among industry observers, especially in light of the recent collapse of the TerraUSD stablecoin and related Luna token, and the freeze of withdrawals by lending platform Celsius Network, which were also dependent on promises of high-yielding returns to attract steady streams of new investors. Meanwhile, Heart said he’s developing a network called PulseChain, which will eventually issue tokens that will be distributed to Hex holders and other Ethereum users.
“Hex increases in value the more people put money in and decreases when people pull money out,” said John Griffin, a finance professor at University of Texas at Austin. “The last people in will likely be left with nothing.”
I am glad hex is getting mentioned in bloomberg and the times, however it is clear this article has been written by someone with very little knowledge of crypto, which I guess is fair enough for Bloomberg.
They start by calling HEX an app, which is wrong, HEX is an immutable smart contract with no admin keys. Calling it an app implies it has some third party or central entity running it, this is false.
To then compare it to a platform like Celsius is completely disingenuous. Celsius is a middleman/third party platform that takes your private keys and promises a yield in USD. You give them BTC and you get 15% back in real dollar terms, these platforms are rightly criticized as they will eventually fail as we are seeing right now.
HEX differs in the fact that the yield you get by staking is given in HEX terms not USD terms, and the key difference is that YOU have control of your private keys, YOU mint your own yield without having to trust a middleman like Celsius.
38% apy in hex is entirely possible because you are just getting paid more hex, where does this hex come from? Inflation. In the same way BTC inflates and rewards this inflation to the miners (who then are forced to sell their inflation to pay for hardware/electricity - creating constant sell pressure) HEX inflates and rewards this inflation to the stakers (who have no need to sell for electricity costs)
HEX is just BTC with a proof of stake reward mechanism instead of proof of work
As for the quote from John Griffin, what a load of nonsense - every single stock/crypto/investment goes up in value if more people buy and go down in value if more people sell
DuuuncanHadaPigeon
Player Valuation: £10m
You do realise spam mail is different to being scammed, right?
Tin tức và giá Tiền ảo Bitcoin cùng công nghệ Blockchain
Tin tức và giá tiền ảo Bitcoin, Ethereum, Ripple, DOT, SOL, ADA, EOS, USDT, Tiền kỹ thuật số, Tiền điện tử, Tiền mã hóa, Công nghệ Blockchain,azcoinnews.com
Richard Heart The ‘Spam King’ | Full Story
Richard Heart, the creator of the shitcoin scam HEX, gained the title "Spam King." Beginning in 2000, Heart supposedly amassed a fortune through unlawful spam assaults.bitcoinnews.com
If I get a spam letter through my door I have not lost any money, I have not been scammed.
Try harder. Show me the victims from this serial scammer.
I know what you meant by retail Zat, I just don’t think that all of them have been following your advice of ”Buy under $20k and leave it“. We can debate the wisdom or not of the approach but seems like plenty were doing short term trading and as such stops (imperfect tool as they are) is surely is a better approach that just holding on to purchases from much higher levels into the 20s when Bitcoin broke the ~30k support.Institutions are shorting down and aiming for $13k-15k range.
You can see the levels in the charts. But its rigged anyway.
When someone says "retail" it means non-professional individual traders.
I said retail/individuals should only buy btc and hold long term. Only if they can afford to wait and/or lose
In that context your post makes no sense to me:
" putting stop loss orders on can be a very valuable trading tool and it is good mental discipline when you enter a trade to at the same time state “this is the level where I know this was a bad bet "
-- Stop loss is for short term trading. Retail are not professional traders, they shouldnt trade crypto in this market short term or they will likely lose.
-- Stop losses may not be activated in a fast moving market. What then? Hope you can out trade professionals in a fast moving market?
-- Mental discipline is nonsense. Short term trading in crypto when professionals use algos? The only mental discipline needed is to buy and hold and know the risk of losing.
-- How do you know what is or isnt a "bad bet" the whole market is rigged so as you close short term positions it could suddenly go the opposite way.
A lot of scammers claimed to be superstar traders and launched FX (and now crypto) trading courses with all the above...buzzwords.
Charge for the courses + take a % of losses on the introduced accounts at 'recommended' brokerages. The words youre using sound like theyre from one of those courses -- be careful as those "instructors/educators" are almost always failed traders.
Ive seen their actual trading accounts.
"But agree that a lot of selling is people who didn’t understand/can’t afford the risks - especially those who used leverage "
Not sure what the correlation of leverage is here? Thats for perpetuals trading which is where professionals mostly trade short term as theres no cumbersome coin movement + leverage means theres more profits to be made on the algos.
TLDR = If youre going to gamble / play at trading then only buy Spot btc and hold...be prepared to wait and lose.
If adventurous then chuck some money into other stuff and hold long term.
Dont try day trading with money you cant afford to lose...better off sticking it in a fruit machine and having a pint.
Its not really investing...its gambling if looking for "quick returns".
Every "investment" is a gamble though...even buying a house.
But short term retail crypto is proper gambling.
Dip buyers / bears / make a stand / support ?
This is now an institutional rigged market.
The institutions make money up or down long or short.
Just buy and hold and dont play their game.
As for leverage I was using it in the same way you were in this post, we can agree that it is a recipe for disaster
As for
“This is now an institutional rigged market.
The institutions make money up or down long or short.”
The game may be rigged but suspect that along with retail traders there are going to be plenty of institutions that don’t make money in this period either.
Death
I'll take down dat coal powered MG, I tel u Hwat
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