STOPELON Crypto surges 512%... We have reached peak Idiocracy

a reply to: chr0naut



OK

a reply to: TerryDon79
I have a word that neatly combines 1&2, it's envy.

Not necessary about the money, but the freedom it gives you. Because that's what others notice first and since the success came "out of nowhere" they think it's unfair and that's where the envy kicks in.

It's hard work though, not physically but mental. After a full day trading, I do this once or twice a month and split the earnings into long positions for not having 100000000 printed pages of trades to include into my tax report.... I am wasted, K.O and tired. It's more tiring than working a day in the shop with hardware, tools and full body usage.

a reply to: ThatDamnDuckAgain


You are weak then if that exhausts you more than physical work, I would posit you have never had a real days work in your life

originally posted by: HONROC
Since I am not a 5 year old I will not resort to name calling as you have

I didn't call you a name. "Horrifically ignorant" means you lack an extreme amount of knowledge on the subject. It's not a "name", it's a basic use of the English language.

originally posted by: HONROC
but, let me ask you this.

There's not a single question in your post.

originally posted by: HONROC
I do believe that anyone that trades in these cryptos from bitcoin on down the line still needs to cash them out for actual currency to spend at the end of the day.

Wrong. You can spend them directly. Credit cards exist that allow you to purchase with certain cryptocurrencies, and some businesses are allowing purchases to be made with cryptocurrencies directly.

originally posted by: HONROC
Sure there may be some niche businesses that will take crypto

You mean like a major cell phone service provider or major online retailers or major restaurants?

originally posted by: HONROC
these bitcoin billionaires are not buying houses and cars with crypto, so that is what i mean when i say tied to the dollar. Get a clue

Name one and show me what they purchased their cars and houses with.

a reply to: HONROC

I would posit you have never had a real days work in your life

If you would, you would be dead wrong. It's none of your business though and I don't have to proof anything to you.

Just a hint from someone self employed (besides the trading I own two business), people like you would never make it into employment because of the personal traits you show here.

And I still have time to roam ATS, jokes on you if you are underachieving, you're doing something grave wrong.

a reply to: ThatDamnDuckAgain

Well as you said you know nothing about me , and aren't you also on ATS posting just as much as me right now ?

a reply to: HONROC
That answer doesn't even make sense. I wrote besides all the work, I still have time to roam ATS.

It was you that interjected into a side-conversation between me and Terry.

You must be fun in real life conversations though.

a reply to: HONROC
LOL

Meanwhile, at OP's investment firm.

a reply to: HONROC
Well, the central banks of dozens of countries are actively persuing development of their own cryptos, so there's that. China has the Digital Yuan, the Bahamas launched the San Dollar, with many more countries to follow. There will be growing pains and a heavy shakeout of the crap coins, but those with real-world use cases and utility will remain.

It's the future bro, no way around it.

Two things if it's not something you believe in, understand or want to use, why does it matter to you what other individuals and/or companies do. If it fails you are ahead of the game.

Why is it always the brand new ones?

ETIAW
NRSTO
VO..R
YL..K
.L..

That's why

a reply to: HONROC

not sure pissing on everyone is a great idea, but if that's what makes you smile, go nuts.
I do get your point, and yes, I may sell some of my crypto for $ again as I did recently. I put 100$ in Dogecoin, waited for it to go to $600, cashed out and bought a sweet 1911 .45acp. I did have to turn my coin back to cash to do it, but in the end, I still bought a $550 dollar weapon for $100. Stupid investment to be sure, but being a bit of a gun nut, I didn't mind at all.

I have learned a great deal about crypto from folks here, and other places and while it's risky to a point, it has amazing opportunity for ROI. And some coins have a strong enough purpose, they will likely be around in some form for a while.

If you don't want to bother with it, that's fantastic. I laughed at Bitcoin years ago as well. it still makes me smile.

I met a former workmate a few months ago while grocery shopping and we had a small talk, this and that and "bitcoins".

How it's going to crash and all that... heard that a year ago from him. Before that others wrote this or I overheard such conversations. Any minute now it will crash since years.

Then he asked how I was doing since I got kicked from work. I told him I am doing superb and that I need a tax lawyer now because nearly half of the shop's capital in hardware-value came from reinvested crypto money I made, to which he replied "so that's you up in x street?".

That moment something changed and I don't want to say he was rude but his tone when he said "It will crash soon" was sort of reliefing tone like it was a burden to him that others make a lot of money.

Normally I don't care about envy as I don't dissolve myself in it either (except Augustus faucet above the stove, what a genius thing to have), but it's aparent a lot of people are mad because they don't understand how it's working, are afraid or think it's too late now.

originally posted by: Ksihkehe
a reply to: HONROC
LOL

Meanwhile, at OP's investment firm.

Meanwhile, behind the scenes with the movers, shakers, and real moneymakers:

Goldman Sachs internal memo unveils new cryptocurrency trading team

Not sounding too "vaporous" to me.

a reply to: ThatDamnDuckAgain

That is a weird personality trait for sure, pretty much how millennials are upset that their grandparents and parents owned property. Man in this world, I'm glad for anybody that gets an honest big extra slice. When the time came for a decision earlier they weren't too cynical about it and did a damn smart investment.



I'm enough of a computer geek that I remember hearing about Bitcoin in its earliest stages, must have had had other crap on my mind cause I did not invest or research it even.

I should have really known too, put a little something into it.

a reply to: underpass61

They started in March, right when I noticed the most shenengians on a lot of coins. Predictable orders at predictable intervals telling you to GTFO of your position as soon as the orders drop and the first upwards peak happens. Over the days these orders diluted a bit, but it was apparent there was a new big player.

Now I know why small orders would be picked away in intervalls down to the minute. Even at one point I knew the price is going to go up as always and there comes this doofus putting in five 6k (coins, not $!!!) orders stacked on top, and an iceberg order in front.

I kept buying a bit just to test out if it's an iceberg order and it was. All it achieved was pushing the price down a few cent's and moving the cycle a couple minutes into the future.

a reply to: putnam6

Yeah, years ago I saw a George Carlin clip about the difference between the generations that I haven't seen since. He said when he was a kid and the high roller businessman in town would cruise down the street in his Rolls the kids would say, "Someday I'm going to be that guy!"

He said the new generation sees the same thing and says, "Someday I'm going to GET that guy!"

originally posted by: underpass61

originally posted by: Ksihkehe
a reply to: HONROC
LOL

Meanwhile, at OP's investment firm.

Meanwhile, behind the scenes with the movers, shakers, and real moneymakers:

Goldman Sachs internal memo unveils new cryptocurrency trading team

Not sounding too "vaporous" to me.

Let's cut to the chase. If you can't do THIS

it isn't real money.

a reply to: HONROC

Crypto is not money


Crypto is an asset.


www.irs.gov...



www.irs.gov...

A6. If you held the virtual currency for one year or less before selling or exchanging the virtual currency, then you will have a short-term capital gain or loss. If you held the virtual currency for more than one year before selling or exchanging it, then you will have a long-term capital gain or loss. The period during which you held the virtual currency (known as the “holding period”) begins on the day after you acquired the virtual currency and ends on the day you sell or exchange the virtual currency. For more information on short-term and long-term capital gains and losses, see Publication 544, Sales and Other Dispositions of Assets.

originally posted by: TerryDon79
a reply to: HONROC

A lot of crypto (most, in fact) have a business behind the coin/token. It’s way more than just “making money”, but you can play the market and do just that, if you wish.

The business behind Siacoin, for instance, has been working on technology that gives you cloud storage, but it’s encrypted AND split between multiple locations (sort of like a RAID system).

And there are others that aren’t hundreds or thousands of dollars a coin/token, like BitTorrent and Siacoin.

That's how I decide on which coins / tokens to invest in. Encryption / identity management / cross-chain transactions are technologies that seem to be necessary in this new ecosystem.