There were people like rektrading were talking about how great it was to put your money in some staking scheme for some absurd amount of interest.
All of these people seem to no longer post or at least don't post about cryptocurrencies.
What happened to cryptobros? They made it sound like taking you should invest all your money into it.
Someone is profiting from it and believe me they are too smart to put a $1 into a pokie hehe :)
ironically, this thread is probably a bottom signal lol
Or a top signal
I don't see in any world where an ozbargain post shitting on crypto is ever a top signal, but I'll gladly pretend it is because I'm greedy and want lower prices to buy in
Point is nobody knows. Everyone has a different opinion of the same thing.
Crypto needs to mature.
There is money to be made with it, but its not like the days of getting rich by throwing at a dartboard.
We're slowly moving towards true utility rather than hype.
Sadly, now you actually have to do research and understand fundamentals, web3 and global economics……..so unfair!!
lmao!
I love posts like this. They bash it when it’s down celebrating people’s loses then bitches when it pumps.
It’s all good just ignore it, others like myself who have been in it for 5+ years will continue making money on it.
Nice to meet a fellow long time crypto hodler. I compare my crypto returns to potential property investing returns and I really can't see what all the hype is about.
Its like most people are have drank some koolaid. Property investment returns has been no match to my crypto returns, this is not a mirage, its a fact, its verifiable history.
I just don't get it.
Suicide.
I remember this complete jerkwad @techlead who is probably some kid in his parents basement and made some money just off pure luck. Use to post on ozbargain, showing off and trying to pump altcoins. He eventually lost heaps on shitcoins he would go around swearing by. Saw him vouching for Bitcoin in some posts recently but definitely doesn't post as much anymore.
I'm still here, and I made a post recently. I'm not always on Ozb, because I have other things to do
We’re all accumulating and buying the dip ;)
They're all on the moon now.
Well the LUNARtics would like to be
Imagine missing out on the easiest money of the decade..
Lmao
The only thing sadder would be making a smug thread about people who lost money. I wouldn't make a thread about someone buying the top of the real estate rally, or laughing at gamblers down at the tab.
Work on your attitude, then you might be able to make money too
Imagine missing out on the easiest money of the decade..
Lmao
https://www.ozbargain.com.au/node/764850#comment-13545323
Some how I don't think you own a lambo
You say that, but if they didn't make a motza off crypto and have a lazy lambo in the drive, why else would they be asking if free computer games can train them to be a mechanic? https://www.ozbargain.com.au/comment/12279708/redir
Rich people don't stay rich paying other people to service the lambo
good onya jundullah, don't listen to the jealous peasants, i'm glad you're a champ that made a ton of the easiest money of the decade
Is it inconceivable to you that there are outcomes other than losing ones savings or buying a lambo?
@jundullah: No. Now it's my turn to ask a question: Do you think you tricked anyone with the vague reference of "making the easiest money of the decade"?
Like, we're all, "oh my heavens, he didn't say he did it himself, but he's talking about the concept and condescendingly telling others they can make money "too", we've got ourselves a real Wolf of Wall Street among us because it's clearly insinuated that way"?
@Crow K: The OP started off with a smug condescending bite, I replied in kind.
The fact is that if you approach any investment class in a rational way, there are opportunities to make money.
When Elon Musk is on SNL and every high schooler and taxi driver is talking about doggy coins, maybe that isn't the ideal time.
Conversely, when the masses are deriding the industry, and naysayers proudly boasting of their lack of participation, you may be able to find an opportune moment.
The total market cap of cryptocurrency is over $1 trillion USD. Someone is making money, it could be you if you dipped your feet. Or not, we live in a free society after all :)
The total market cap of cryptocurrency is over $1 trillion USD.
This is absolutely and complete nonsense.
The moment anyone tried to convert even a fraction of 1% of that supposed market cap into fiat the whole thing would collapse to $0 value.
The market cap is a fever dream of people inventing a shitcoin, saying it is worth $1, trading it for another shitcoin, making that worth $1 and doing this enough to pump up a magical valuation.
There is no value to crypto because it has no use case other outside of speculation. It's as valuable as tulips.
The moment anyone tried to convert even a fraction of 1% of that supposed market cap into fiat the whole thing would collapse to $0 value.
Over $100 billion of that is cash sitting in bank accounts, with their tokenized representations being utilized to buy and sell said crypto.
Your maths doesn't add up
@jundullah: I can say a house is worth $20 mil, doesn't mean it actually is worth that much money to people who can think for themselves.
Wow, that makes me even sadder.. I never said I owned a lambo. Going through my post history to prove.. some kind of non existent point though?
I am actually quite an avid watch collector though, I own a lot of citizen, omega, seiko and even a vacheron constantin.
But that doesnt mean I can't enjoy a nice chinese knock off for beating around.
Honestly your post reeks of jealousy, and speaks volume of your general character.
I hope you are able to meet your financial goals elsewhere and wish you well.
Wow, that makes me even sadder.. [blah blah blah] though?
What can I buy with bitcoin?
@deme: Here is a list of Australian businesses that accept cryptocurrency :)
https://swyftx.com/au/businesses-that-accept-bitcoin-austral…
@jundullah: Wow. Almost two dozen businesses a state! That trillion dollar market cap makes so much sense now!
@stjep: Sorry I missed the part where you made an argument?
Why don't you ask Venezuelans or Lebanese if theyd rather keep their money in BTC or their local currencies.
Anyway I think I replied enough to you guys.
I'm sure you are right, btc is make believe… going to zero. Just like it has been for the past 14 years..
I'm a multi-millionaire… in Shiba Inu.
I'm right here brah.
We gonna go to the mooooooon🚀 !
Used the crypto to start a property developer firm. Get alot of businesses from suckers.
Siphon the money back into Crypto.
Apply for insolvency/bankruptcy essentially putting the company into liquidation.
Rise and repeat.
i havent heard of anyone who put $1000 in major exchanges in 2021 and that investment turned into hundreds of thousands or million of dollars gain. obviously some made heaps via shitcoins but theyre not listed in binance etc.
those whose btcs are now worth millions got their coins from 10 years ago. so for those like me who put some into btc in 2021, when will i recover my investment when its only $28k value atm.
When I first bought BTC in 2013, I was at a loss for over a year.
You do realize this happens for that investments too, right?
If you invest in property, you are instantly down the amount you paid for stamp duty and other costs, you ain't gonna make that back unless the market moves in your favour. Pretty much everyone who bought a property in 2021 are down now. They are at a loss.
I'm still around, I'm proud to be a cryptobro.
I have spent millions buying in the last few months. I was faced with the same choice as I did in 2013, should I invest in property, shares or crypto? I decided in crypto again.
How rich are you?
My crypto portfolio is worth between $10 - $100 million, right now.
It's not worth anything until it acquires or represents something tangible.
It's a mirage ,bruh. Make it real
@Protractor: All I know is some of my friends that have made it big down play it .
I'm glad you believe Techy :)
Cool story bro… Wished it was true…
$10 - $100 million
WTF dude that's a massive range.
right now.
Oh you gave a time… so why wouldn't you know it's exact value at that point in time?
@deme: It depends on whether he can crowd fund a few mil to find the keys on his computer at the local tip .
Didn't the ATO & US Gov both crack down on 'finfluencers' recently?
Not much point the US cracking down on influences while Trump (the ultimate effluencer) changes the entire world order via his "corruption without borders" criminality.
Who has he NOT slept with who have form as terrorist sponsors,war criminals,murderers,traitors, assassins?
His go to tactic is simply to say the opposite of the truth and accuse his critics of doing what he knows they are coming after him for. No doubt Putin taught him that after he set him up.Everything since, is just Trump wrecking the joint.
If ever a society proved how rancid the legal profession is, it's the USA.
There is now no turning back or undoing where the entire international train wreck is heading. (Hint >cliff)
Trump wins 2024 Election.
Just a punt from my end.
Voters will give him another 4 years and then he'll be put out to pasture.
Big hole in your smooth sailing fantasy. 'Some' voters give him another 4 years.
The rest will feel justified (they are) to wreck the joint. And vice versa if he loses. He unleashed carnage in his first chapter, and today he ramped it up. His Mafia lawyers will do anything they can to win. You don't need a vivid imagination to know what that will entail. (Hint> Putins cheat sheet).
The good ol' boys gorna excermicise their constachooshn'l rarts to dun shoot serm sheet,lark there's aint no more tomooro.
I maintain my contention that cryptocurrency as an idea, as a theory, is still very sound. As is the idea of non-fungible tokens as a means of receipt keeping. Decentralisation makes a lot of sense and has a range of practical uses. What's wrong with cryptocurrency in 2023 is the perceived value of it as a money-making exercise. That's the hype, the social media promotions that created a wholly unrealistic "value" for such a product. A system generating users a credit for keeping the system afloat, and then the (literal) value of that credit greatly outweighing the (theoretical) value of the system it's credited from.
But in saying that, it's easy to say "I told you so" when it comes to crypto losses — after what was an enormous crash last year. But if you'd put $100,000 into Bitcoin on January 1 this year, you'd have made a $75,000 profit if you sold today. The booms aren't over, and crypto is far from dying — let alone being close to death.
What is about to happen in America, any sign of a global or regional war and a recession will change all that confidence. and it begins with how the markets implode as Trump tears the USA apart. I suggest crytomaniacs pay VERY close attention to the tea leaves.
Invest in lead. The USA is going to churn through it.
I’m all for crypto as way of doing things but don’t see how BTC will the the global currency that takes over with how it’s fees work and the cost to exchange BTC to each other. Will be some other crypto.
we dont have a crystal ball, i didnt buy at 16k as i dont want to pile up on my losses when i bought at 40k plus….
there was also rumour of it hitting 10k, but thats just rumour.
All the Cryptobros gone back to driving for uber and doordash..
Nah.
Customers don't pay in the correct tender…
I can't tell if this is A grade satire or cryptobro nonsense. A++
Both?
we
Who is we?
Gldn down pretty bad, you're going to have to shill harder than that if you want to pump it back anywhere near ath.
@rocksy85: "we"
So you're an employee of the company?
You probably should disclose your employment status when you talk about/shill it.
A link to your employment page, twitter, or linkedin profile stating your employment should be a bare minimum for ethical disclosure.
@rocksy85: oh, then when you say 'we', you dont actually mean 'we'..
You mean 'they'. Adjectives matter :)
So 'they' did things, and 'we' (i.e., you) are only interest is in their success and the hopeful resulting gains you would see from the token you hold, currently ranked >5000 on total market cap crypto listings.
Definitely not shilling then, just 'educating' others. Got it.
Shame you deleted your shill educational messages then :)
@SBOB: im just not interested in helping those that wont help themselves. im not here to argue a point of view. just thought i would mention an asset that hasnt been done before with real commodities, but seems like i get more fud then positive news.
Meh. The only people overly vocal about crypto these days seem to be people that invested late and have their money still trapped in it with no profits and people who regret not investing earlier/lost money, trying to make themselves feel better after watching others basically retire in their 20s/30s (..the ones who didn't buy into the whole hodl bs anyway)
Each group takes turns soapboxing slinging shit on the other side while the other hides in the shadows depending on how the market is doing. Yes, both groups are pathetic. Yes, I fall into group #2.