To be fair you went 17.5x, which is pretty damn impressive.

Thanks for your reply!

The main reason why I started to get curious was because a friend of a friend said he made a "pretty penny" in Helium, and I was trying to figure out what he meant by that and I never did. So i started asking my friends what they thought a pretty penny in crypto was and it ranged from $10k-$500k.

Which really got me thinking.

Simply not true. It sounds like you are a speculator like many playing in the market. Very surprise that you dont know about service like bitrefil where you can exchange you crypto for literally any giftcard in existence. I've met whales in this space that has live entirely off grid and completely on crypto for years now. But these people are also heavily invested in the space and go to where new tech emerges whether that is metaverse, nft or gaming.

This is no different than the stock market, you have speculation and you have real concrete companies. What can you do with the penny stock you speculate on the stock market? hope it goes to moon or it goes to zero. But you can't apply the same analogy to say bank stocks that give dividend. If you want to make the same comparison, there are 1000x more uselss penny stock in the traditional market with the singular purpose of pump and dump.

Yea that are lots of noise and fluff in the space and lots of shiller and scam. But that happens in every space where there is alot of money flowing around.

None of what you said are true. If you wanted to you can live entirely on crypto, there are even debit cards that you can refilled directly with crypto now. It is as convinent as fiat? ofc not, but that the price you pay for decentralization and participanting in a space where it is up to you to determine how exactly you handle you money.

Shit you can even buy an exclusive NFT pass to Gary Vee's ultra overprice membership only dinner.

This space is so far beyond what it was last 2017 cycle, and its only apparant if you step away from the speculation and look at what people are actually using the tech for.

Join 4 Join discord group. Those are free but it takes alot of your time to prune out the robots and making sure people actually follow the qualification for your invite to count.

Or... Gonna share this secret service with yall.

There is a collection on opensea call fertile guppies. They are basically an invite service for holder of their NFT. Each guppy you buy give you 180 FISH point for invite. Each point = 1 real invite.

Buy and male and female guppy if you want to do this long term. You will be able to stake the male and female for more guppies in the future and refill your FISH points.

That's what I don't get with crypto criticism... always focuses on the fake and criminal aspects.

Take a legitimate product based company like Tesla for example?

Nobody thinks what Elon Musk does isn't criminal making stocks go up or down and his friends cash in? Nobody thinks his company isn't like "a giant ponzi scheme" being worth more than the combined efforts of the 3 largest car companies who outproduce his vehicles like 1000:1? The valuations of tonnes of private companies are reckless and complete nonsense.

People say "But you're buying the future with Tesla"... how is that any different than a legit crypto currency? You're just holding and hoping it all works out both ways.

I’ve said all those things to be honest.
Teslas profits are mostly from government subsidies and Elon is the top of the crypto pyramid scheme.

Lol to each their own and I was in crypto for a bit at the beginning ,but just just read how absurd this post is lol

^ :lol

I couldn't tell if that post was satire or not.

Not sure what you didn't get, you should read the book in its entirety.

It gives you background on the people who create these coins, and their illicit backgrounds.

All the points you mentioned in the above are why most of these coins are utter garbage, and have no long-term outlook.

He also delves into the lack of adoption of the technology to replace legacy systems within companies, or its lack of adoption as a whole within any major organization.

The idea that these smart contracts are going to be widely utilized tech in the future is simply false, and proven so.

In the end you're purchasing hype -- propagated by the creators of these coins in an effort to simply pump their already staked coins and sell off for a profit.

It's a fool's errand.

yes I agree totally absurd and none sensible to people outside of the cycle. I get that lol, dinner table talk about NFT, crypto, metaverse either yield fascination from people or ridicule and blank stare.


you can stake a jpeg of a gorilla and make 200k usd worth of passive income... you take take said gorilla and mate with another gorilla jpeg and make baby gorilla would be worth 10k + in usd. And you can take that gorilla into the metaverse and join other equally shitty looking 3d avatar at a snoop dogg concert.


WTF am i saying, its so ridiculous lol. If you are not in this space the shit that happen here is completely unfathomable and just down right absurd.

My girlfriend like to remind me that this new found hobby of saying all these ridiculous thing about crypto is no different than when I'm talking cars with her. If you are not in it it just make absolutely zero sense and that goes for any sub-culture. It just so happen that this ridiculous space has made alot of people multi millionaire and serious life changing money so the ridicule comes with an extra dose of emotion.

I can see both sides of the argument… ie: widespread adoption isn’t happening within institutions… yes that is a bad sign for longevity but it’s not because the tech is bad or wrong, it’s because those institutions can’t control it.

So adoption, in my mind, is not a reflection on the quality or fundamentals of the technology.

Fuck the institution. Honestly If anyone need institution's validation and approval to be consider adoption and acceptance. There are alot of things in the traditional market that will suit you need. Why even bother with crypto?

Crypto starts as an anti thesis to institution control, even thou institution now have their hands full on the couple big dogs in the space. Alot of the space still operate without institution being involve and stay true to the root of the crypto revolution. Thats part of the space is what interested true crypto head.

Yea its still the wild west here lol.

wth is nft mating wtf

It a way to create value and demand for the NFT. Quite fascinating really. How do you create demand for you 10000 piece NFT collection, how you make people want to buy more than one.

Breeding is a common mechanic in NFT, in order to create an entirely new NFT. You will need two of these NFT, staked them (thus taking them out of circulation) wait to generate token. You used said token to mint a new NFT (thus creating a deflationary mechanism for their brand new shitcoin). And when your collection consist of mostly people buying multiple NFT and taking them out of market circulation by staking, you create an artificial supply shock. Very easy to create this squeeze in supply when you are only dealing with such small quantity.

If the project is succesfully you create a snowball effect of their always being way less supply than actual demand and boom you hit the moon and you can now choose you lambo color.

There are lot of interesting mechanic in NFT that take their inspiration from ponzi scheme. There are ponzi games in NFT that operate on the basic premise of buy nft to start the game -> create token -> use token to buy more shit in game. So on and so far. Except unlike the traditional world the mechanic of this ponzi is visible to all, if the game said X% of token get send to X location. Or you have x% of generating a rare game token. Everything is trackable by smart contract, so if the ponzi scheme isn't what it say it is. You will quickly see people abandoning ship and capitulating to get out and thus ponzi master up top actually have a due dilligence to maintain their ponzi exactly the way they said they would.

NFT is truly a free market as on now. Because you are dealing with illquid asset, its incredibly sensitive to supply and demand and manipulation are relatively easy to spot compare to traditional market or even just coins.

Somebody mention IreneDAO earlier. I saw this project pop off and went from 0.10 eth to almost 5 eth at the peak. Within hours you start seeing copy cat in the market, CindyDAO ElonDAO BrandyDAO SimpDAO everybody attempt to copy the success and get their piece of their pie.

Within 48 hours the market was completely flood with hotgirl DAO and the market to this specific niche quickly crumble. Too much supply and everything all went down in flames and any developer and investor who were late chasing this so call easy money are left with nothing.

Hope this make sense to someone lol SeemsGood

:suspicious:

Youtube is now thinking about getting into NFT's. Google has also just started a crypto division.

https://techcrunch.com/2022/01/25/yo...tter-suggests/

I think alot of corpoation are still very so far behind in the understanding of this space and why people inside this space find value in things such as expensive ape jpeg lol.

Twitter took their sweet time to introduce NFT to twitter profile. When it finally comes out they decide to charge $3 monthly fee for this "service" and too nobody's surprise non of the people that matter in this space wants pay to connect their wallet to a centralize service with a dubious record for privacy.

I wont be surpirse if Youtube pulls something totally comical as well lol

I find it incredibly ironic that the best performing project in the NFT space are complete grass root movement and maintain their success by truly understanding their audience and given value that matter to these people.

I lost count of how many corporate project in this space ended up being total cash grab that ghosted the community after they gather all the fund and just stop working on their roadmap altogether lol.

^Sort of like Ubisoft trying to implement NFTs into their shitty games.

The backlash was instant. Same with Square Enix, Japanese gamers got pissed :lol

This is not true.

In Q32021 (latest numbers), regulatory credits were only $279M. Their non-gaap net income was $2.1B.

Tesla's profits are ridiculous.

Their automotive gross margins are just insane at 30.5%, magnitudes higher than any other automotive company.

Tesla is not just a car company. They're a hybrid of automotive, technology, insurance, and energy. You can't compare Tesla to any legacy automotive company.

I agree that 99% of coins are shit coins, but that doesn't mean the few that are reputable aren't going to be behemoths in years to come.

The adoption rate with legacy systems is still in progress. It's too early to make a call on whether adoption will happen.

It IS speculative. It's highly speculative.

The best part of investing in different asset classes is that money talks. In 10 years, we'll know if crypto is here to stay. My conviction in crypto is high. So in 10 years, i'll be rewarded handsomely or not. And if i'm not, i'll be the first to say I was wrong. I just don't think i'll be wrong.

Yeah you’re right actually. What I heard was bullshit numbers wise, but they crypto thing remains. Elon is the pied piper of the crypto pyramid, and his lackeys will put money in his pocket through his pump and dump shit.

I really don't think Elon is shilling crypto. I truly believe he's one of the most genuine people on this planet.

That being said, I could be completely wrong and i'm just drinking the kool-aid

A genuine piece of shit, definitely. There’s never been such thing as a good billionaire, although mark Cuban is gunning hard to be the first one.

Man, I could go for some of that kool-aid and overdue popsicles :ifyouknow:

I would have to disagree. I don't think Elon tries to be malicious, but that doesn't mean his actions don't cause problems.

You're kidding right? He's 100% a gigantic piece of shit. There's no way you've missed all the shady/douchey bullshit he does.