The anti-crypto thread

[BFG10K]

Great news, crypto's collapsing across the board: https://www.techpowerup.com/282380/...ions-in-less-than-24-hours-did-the-bubble-pop

Also China's banned crypto, though individuals can still have it: https://finance.yahoo.com/news/chinese-financial-payment-bodies-barred-122712260.html

The sooner this cancerous parasite is wiped out, the better.

 

[AdamK47]

I am hearing good things about safemoon.

 

[BFG10K]

These are good people, good people. Their only concern is tirelessly working to better humanity, yo.

 

[Shmee]

Oh yeah I heard about that. Damn shame, a friend had good hopes for the coin. Now it's price is plummeting unfortunately.

 

[JEDI]

btc climbs from 28k to 35k last week?!?

 

[evident]

btc climbs from 28k to 35k last week?!?

I need to dump my BTC That I got when it was still a few hundred bucks. I Never "believed" in crypto and forgot i had it. But with the incredible fluctuation in pricing for it i just dunno when to dump it. I never understood how you can use something so volatile for currency.

 

[brianmanahan]

btc climbs from 28k to 35k last week?!?

next stop: THE MOON 🚀🌑💎🖖

 

[Shmee]

I need to dump my BTC That I got when it was still a few hundred bucks. I Never "believed" in crypto and forgot i had it. But with the incredible fluctuation in pricing for it i just dunno when to dump it. I never understood how you can use something so volatile for currency.

Wow lucky you! That is a huge win if you still have it!

 

[evident]

Wow lucky you! That is a huge win if you still have it!

Yes. it makes up for my speculative gambling in weed stocks after the 2020 elections. LOL!

 

[IronWing]

Bored Ape NFT Convention in Hong Kong, the aftermath:


The promoter wanted cool black light fluorescent effects and used bare, shortwave UV-C bulbs to get it. Lots of them.

Guests at Bored Ape event in Hong Kong struck by vision problems

More than a dozen attenders of NFT group’s festival, which used ultraviolet light, complained of ‘eye burn’ on social media

www.theguardian.com

At least COVID wasn't an issue.

 

[VirtualLarry]

Glad I don't have anything to do with those fucking apes.

 

[AdamK47]

The most surprising thing about it is that there are still events for the bored ape NFTs.

 

[IronWing]

The most surprising thing about it is that there are still events for the bored ape NFTs.

That was my initial reaction as well.

 

[evident]

I've been hearing a lot about the book "Number Go Up". It pokes fun at the ridiculousness surrounding cryptocurrency and NFTs over the past few years. It goes into the mindset of individuals caught up in it. It also tells the stories of grifters and those "in the know" in a way that is outlandish, silly, and at the same time, true.

Future generations will read about the history of crypto and will no doubt find it equally hilarious and outlandish. No satire book required.

Watch this Adam Conover interview where he interviews the author of that book. It's pretty informative and hilarious at the same time

 

[darkswordsman17]

These are good people, good people. Their only concern is tirelessly working to better humanity, yo.

Bro, the only way to be truly altruistic is to steal as much money as possible so you can then dictate who you deem worthy to get it later.

 

[BFG10K]

Bored Ape NFT Convention in Hong Kong, the aftermath:

That's twice they've been burnt by NFTs.

But no sarcasm with this: I hope their vision recovers. The organizers need to be held accountable for harming their guests.

 

[darkswordsman17]

Was Turmp in charge of lighting and/or sanitation protocols? Then again, I'm not hearing about a COVID out break.

 

[VirtualLarry]

"BEN COIN",,, lol, is this one to pay his legal fund, or what?

 

[JEDI]

• El Salvador President Nayib Bukele and legendary crypto entrepreneur Justin Sun are now buying one Bitcoin per day regardless of market conditions.

dollar cost avg
great strategy (if you believe the value will go up someday)

El Salvador Bitcoin strategy update:

Has El Salvador’s bitcoin gamble paid off?

Two years after El Salvador approved bitcoin as legal tender, only 1% of remittances are in bitcoin and many people don’t use it.

www.marketplace.org

El Salvador has lost $40m since the experiment started in 2021 but is 2 yrs enough of a time frame to judge if it's working?
Also, it's President is requiring bitcoin education in schools beginning next year to gain faster acceptance by the populace.


Now with Bitcoin being mandatory for businesses to accept and solar powered internet wifi towers are being implemented in even remote villages without electricity, people are slowly starting to use it.

Before the Bitcoin law, 70% of the populace didn't have bank accts. In a catch 22, banks didn't think it was profitable to open branches in villages.

Now people in villages have the Bitcoin wallet app and effectively have a bank account.

One negative I thought of is being spun as a positive:
I thought The citizens won't use it as a currency but rather see it as digital gold and hoard it.

The spin is that the savings rates are up.

My thinking is that the populace is gambling with$they can't afford to lose by hoarding

 

[MrSquished]

Just wanted to drop in and share some positive news for crypto bros - from the NYT breaking news tweet on Threads

"The founder of the cryptocurrency exchange Binance agreed to plead guilty to money laundering violations and step down from the company."

 

[AdamK47]

It took long enough.

Gathering the evidence for these white collar crimes usually does though.

 

[Heartbreaker]

Just wanted to drop in and share some positive news for crypto bros - from the NYT breaking news tweet on Threads

"The founder of the cryptocurrency exchange Binance agreed to plead guilty to money laundering violations and step down from the company."

I didn't even know that they found CZ (Changpeng Zhao). I remember reports that he basically had no fixed address, and moved to different city every few days to no be bothered by pesky regulator agencies that wanted to talk to him.

When the CEO of a company that holds your assets, already lives like a fugitive trying to escape justice, that just might be a red flag.

Though he seems smarter that SBF. CZ seems to have escaped with a slap on the wrist. His fine is a tiny fraction of his estimated $10 Billion Net worth, and while he has to step down as CEO, he will continue profit from his stake in Binance.

 

[AdamK47]

Here's a nice rags to riches story. He's so humble. Doing the right thing for all of humanity.

 

[Fritzo]

Wow lucky you! That is a huge win if you still have it!

Yep. Stil have mine when I bought in at $16K

 

[Lost_in_the_HTTP]

Make 'em pay. Anybody that promoted it.

Cristiano Ronaldo faces $1B class-action lawsuit for promoting for Binance NFTs​

ABC|4 hours ago
Portuguese soccer star Cristiano Ronaldo has been hit with a billion dollar class-action lawsuit over his role in promoting cryptocurrency-related "non-fungible tokens," or NFTs, issued by the beleagu ...

 

[Red Squirrel]

Honestly I think it's dumb to hold people accountable for promoting any crypto or stock. People should still do their own research or get a financial advisor before they put a big sum of money into any form of investment. The only person that should be responsible is the person doing the investing themselves. Stuff like crypto is high risk and people should understand this. If you get your stock advice off some Youtuber or Tiktoker then that risk should be on you.