Official Cryptocurrency Thread: Skepticism to Speculation to FIGHT! FIGHT! FIGHT!

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. Snakes

    Snakes stubbornly litigious
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    I will most likely add it to the down payment of our “forever home” if the timing is right
     
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  2. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    You lose your BTC in that scenario when you cross the LTV, but its not like you're totally fucked.
     
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  3. user15000

    user15000 Well-Known Member

    Solves the tax problem. Is your exposure through gbtc or something else?

    Either way, if/when it hits $100k, it will be a $2T asset that is growing at a faster pace than any asset in history with ~200% per year growth. I think that trading out of that to invest in something else is something you’d regret, especially when the addressable market for btc is like $100T.
     
  4. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    my personal risk tolerance is to rebalance my crypto holdings occasionally, snap off some profits into lets say more historically sound investments

    but we've had that discussion before
     
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  5. Whammy

    Whammy Look kids, Parliament!
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    Couldn’t they also take the house you used the loan for?
     
  6. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    No, the BTC is collateral. once you hit a certain threshold they will close it and take the coin as payment. It's why they don't need to do any sort of credit check.
     
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  7. Whammy

    Whammy Look kids, Parliament!
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    Well gat dam
     
  8. southside

    southside Well-Known Member
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    it's also why you're super over collateralized in crypto. you can only borrow 65% of your btc value, and 75% of ETH
     
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  9. southside

    southside Well-Known Member
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    god damn that is bullish
     
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  10. user15000

    user15000 Well-Known Member

  11. Brocktoon

    Brocktoon Well-Known Member
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    AIOZ launched yesterday and went nuts (did over 100x) so it's a bad time to buy at the moment but should be good after it corrections. It can also be bought on the BSC so you won't get raped by gas fees.

    It's a streaming service similar to Theta but with allegedly better tech. Theta has 100x the market cap so there's a lot of room for growth even from where AIOZ is at now.

    Others I've been holding are:

    VRA
    VET
    BEPRO
    TEL
    CHZ

    But mostly I mess around with shit coins and yield farming and ultimately all my gains are just used to buy more bitcoin
     
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  12. Whammy

    Whammy Look kids, Parliament!
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    Own some VET, been doing quite well
     
  13. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    Nfts= 2017/18 icos
     
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  14. user15000

    user15000 Well-Known Member

    Someone just bought an nft of the obsessed Gf meme (whatever the fuck that even means) for $400k. I think it’s safe to say that alt season is already here.

     
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  15. dblplay1212

    dblplay1212 Well-Known Member
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    I don't understand the NFT and Top Shot type stuff at all.
     
  16. Whammy

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    CB563A61-239D-429A-8EF9-E571BBCC317E.gif
     
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  17. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    i understand the 1k in cash i have from like a $40 investment

    but beyond that

    same
     
  18. Whammy

    Whammy Look kids, Parliament!
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    You made that off top shot?
     
  19. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    *looks at my post*

    *looks at your post*

    *looks at my post*

    ???
     
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  20. Whammy

    Whammy Look kids, Parliament!
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    Sorry just incredulous
     
  21. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    The black bitcoin movement is fucking awesome
     
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  22. southside

    southside Well-Known Member
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    How do you not get it when you have a room of shoes in your house?
     
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  23. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    A top shot is no different from a diamond if everyone agrees it has value.
     
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  24. dblplay1212

    dblplay1212 Well-Known Member
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    Now sure how those are related? Like let's say Air Max 1 Cherrywoods. Only 254 exist, released in 2009. Only 254 people can wear them. A video clip online? Anyone can watch it. I get the "anything has value is someone wilp buy it" but I just don't get why someone would want to buy it.
     
  25. dblplay1212

    dblplay1212 Well-Known Member
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    But it's not a diamond. It's a picture of a diamond that anyone can find in Google images.
     
  26. Whammy

    Whammy Look kids, Parliament!
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    If collectible shoes can be valuable, literally anything can be valuable
     
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  27. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    Neither has any utility whatsoever other than to be looked at. They are exactly the same.
     
  28. dblplay1212

    dblplay1212 Well-Known Member
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    Like I said, I get that perspective. It's worth what someone is willing to pay. I just don get why someone would. Like I don't get Pokémon at all but I get why those cards can be valuable. They are limited and only a few exist of certain ones. Lots of weird things are valuable. But they are real tangible things that only a few can put in their hands. Anyone can watch the Zion dunk on YouTube but someone is willing to pay $10k for the Top Shot video.
     
  29. dblplay1212

    dblplay1212 Well-Known Member
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    No, they aren't. Say you own a 1/1 Picasso. Only you own it. Only you can put your hands on it. Only you can look at the one he painted by hand. Other people can print a copy of it but it's not the same thing.

    Again, I get that something has value if someone is willing to pay for it. I just think people are dumb for paying for a video that everyone else has access to watch.
     
  30. seanofthedead86

    seanofthedead86 Well-Known Member
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    The NFT collectibles get a lot of the attention because they are the ones with people spending stupid money in them. But isn't VeChain built around the idea of using NFTs in the supply chain world? It seems to be getting a lot of positive attention around it.
     
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  31. PaulKemp

    PaulKemp Well-Known Member
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    What are you going wear and decorate your house with in the metaverse? What cool stuff will you have to show off? Mostly kidding.

    I can see my kid buying a set of clubs in Ultra Charlie Woods 2030 for .0001 ETH, selling them at a 50% loss, but applying the money to a new set in CW2031. I’ll make him do shifts at the local GTA server’s Burger Shot to pay the difference. I’m not sure how I feel about it all.
     
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  32. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    Im not arguing for the value of NFTs as much as I’m arguing that people have put value on dumb shit throughout history.
     
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  33. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    There definitely are real uses for NFT outside of digital art.
     
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  34. seanofthedead86

    seanofthedead86 Well-Known Member
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    Agreed. The article linked above by User15000 suggested that NFTs shouldn't be used for authenticating when the current methods work well. I, admittedly, didn't read all of it.
     
  35. dblplay1212

    dblplay1212 Well-Known Member
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    Oh no doubt. People spend money on lots of dumb stuff, myself included. A lot of it isn't stuff I'd want, but I get why someone else would. The Top Shot stuff just doesn't make sense to me though. I don't get why someone would want to own them for huge sums of money.
     
  36. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    im going to install a digital wall in my house to show off my nfts
     
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  37. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    Agree but we’re not going to see those for while
     
  38. Harrison Beck

    Harrison Beck Rut Roh maximalist
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    The collectables market is absolutely absurd rn. I think what most people think of as “nfts” fall into that category.
     
    #12890 Harrison Beck, Apr 3, 2021
    Last edited: Apr 3, 2021
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  39. user15000

    user15000 Well-Known Member

  40. Whammy

    Whammy Look kids, Parliament!
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    Reading the first 30 or 40 pages of this thread, on page 26 LMAO.

    user15000 and dblplay1212 still having the same bitchfests today as back then, like the same words

    On page 26, it’s October 2017. Bitcoin has just hit 5500, but no one knows it’s going to 18k and then crashing shortly.

    A lot of posters used to post in this thread but no longer do. No southside or any other regulars still here outside gatorfromiowa

    Everyone is very sure OMG, IOTA, XMR, XLM, and FCT are going to change the world, looking forward to reading the ensuing meltdown
     
    #12892 Whammy, Apr 4, 2021
    Last edited: Apr 4, 2021
  41. Whammy

    Whammy Look kids, Parliament!
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    November 27, everyone is starting to FOMO in
     
  42. Whammy

    Whammy Look kids, Parliament!
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    November 2017 to February 2018.....fucking DYING

     
  43. Name P. Redacted

    Name P. Redacted I have no money and I'm also gay
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    Don’t quote me on that
     
  44. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    how did that bburritos guy got his account actually deleted on here

    admin abuse
     
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  45. kinghill

    kinghill Well-Known Member
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    Thanks Whammy good memories
     
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  46. Whammy

    Whammy Look kids, Parliament!
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    He was way worse on the Factom thing than anyone else

    Speaking of admin abuse there’s like a two month gap that looks like it’s been deleted. Thread goes from March to like May in one page
     
    #12898 Whammy, Apr 4, 2021
    Last edited: Apr 4, 2021
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  47. Whammy

    Whammy Look kids, Parliament!
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    Also - poor colonel_forbin guy came in trying to pay off his students loans and lost it all on Factom

    Hope he’s still alive
     
  48. beerme

    beerme Well-Known Member
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    Oh man that’s terrible