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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
Wasn't I saying this would all drop from early on in this thread
Crypto is nothing but a Ponzi scheme, it's not an asset. I'm sure we'll see crypto utilized in some governed and regulated capacity one day for payment purposes, but the world of privately run crypto will become a distant memory. I have little sympathy for those that lost their shirts as a result of their greed by jumping into this crap.
The art world is a giant Ponzi as well, but there's still a market for it.
I will admit, you could be totally right. Crypto could die off and be one of the biggest losers in all of human history...
But, the thing I LOVE about investing is... It's really easy to tell the winners and the losers. Hopefully, we'll both be around here in 10 years and if we are, it'll be pretty easy to tell who the winner and loser is.
The art world is a giant Ponzi as well, but there's still a market for it.
I will admit, you could be totally right. Crypto could die off and be one of the biggest losers in all of human history...
But, the thing I LOVE about investing is... It's really easy to tell the winners and the losers. Hopefully, we'll both be around here in 10 years and if we are, it'll be pretty easy to tell who the winner and loser is.
Art has speculation just like the classic car market, but it's not a pyramid scheme, since it actually exists.
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98 technoviolet M3/2/5
Quote:
Originally Posted by boostfever
Westopher is correct.
Quote:
Originally Posted by fsy82
seems like you got a dick up your ass well..get that checked
Quote:
Originally Posted by punkwax
Well.. I’d hate to be the first to say it, but Westopher is correct.
The art world is a giant Ponzi as well, but there's still a market for it.
I will admit, you could be totally right. Crypto could die off and be one of the biggest losers in all of human history...
But, the thing I LOVE about investing is... It's really easy to tell the winners and the losers. Hopefully, we'll both be around here in 10 years and if we are, it'll be pretty easy to tell who the winner and loser is.
While I agree that the art market is somewhat similar in terms of speculation, and the idea of drumming up false demand based on scarcity, and exclusivity.
The only difference is that art in the real world still carries a physical presence. Fine art in particular carries a physical presence, along with exclusivity if it is a historical piece of art. Contemporary art on the other hand is also a load of bullshit, but hey, it does exist in the physical world (not that I'd ever recommend dabbling in that market).
Wasn't I saying this would all drop from early on in this thread
Crypto is nothing but a Ponzi scheme, it's not an asset. I'm sure we'll see crypto utilized in some governed and regulated capacity one day for payment purposes, but the world of privately run crypto will become a distant memory. I have little sympathy for those that lost their shirts as a result of their greed by jumping into this crap.
Thanks for watching our backs bro. BTC only went up 150,000% since the start of this thread, fuck that ponzi shit, good thing I listened and just DCA'd into the stock market instead which is 100% legit and not manipulated. No way anybody could lose 80% of their networth buying a real company Shopify.
The art world is a giant Ponzi as well, but there's still a market for it.
I will admit, you could be totally right. Crypto could die off and be one of the biggest losers in all of human history...
But, the thing I LOVE about investing is... It's really easy to tell the winners and the losers. Hopefully, we'll both be around here in 10 years and if we are, it'll be pretty easy to tell who the winner and loser is.
Hopefully we all drip in our collector plated 458's and 90's/00's JDM classics
Quote:
Originally Posted by moldex
Thanks for watching our backs bro. BTC only went up 150,000% since the start of this thread, fuck that ponzi shit, good thing I listened and just DCA'd into the stock market instead which is 100% legit and not manipulated. No way anybody could lose 80% of their networth buying a real company Shopify.
If you didn't expect you could lose 80% of your networth holding 1 SINGLE stock plus you chose Shopify. You deserve to lose 80% and I'd laugh at you lol.
It depends on the type of investor you are though. You can't say one is better than another without considering risk. You sound like you wanna spend $10 - 100K and bink a $1Mil + Payout over night or even over 5 years. While majority of us here are pretty happy to sack away $1 - 5k/month and have $2 - 4Mill nest eggs in 20-40 years. With some major swings of 40 - 50% along the way. Total portfolio value will never be 100% at risk.
Bitcoin will be fine once most of the bankers and gamblers and other scammers are out. It can go back to being a useful underground currency. And it won't really matter that it's worth in US Dollars to people using it this way.
Hopefully we all drip in our collector plated 458's and 90's/00's JDM classics
Do not has
Calling hoax again
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Quote:
Originally Posted by Mr.Money i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by Badhobz
I saw some bimbo live streaming her coffee order while standing in line. I wanted to slap the phone out of her hand and throw her into the bean grinder
If you didn't expect you could lose 80% of your networth holding 1 SINGLE stock plus you chose Shopify. You deserve to lose 80% and I'd laugh at you lol.
It depends on the type of investor you are though. You can't say one is better than another without considering risk. You sound like you wanna spend $10 - 100K and bink a $1Mil + Payout over night or even over 5 years. While majority of us here are pretty happy to sack away $1 - 5k/month and have $2 - 4Mill nest eggs in 20-40 years. With some major swings of 40 - 50% along the way. Total portfolio value will never be 100% at risk.
Shopify was an example. Case in point you can get rekt or make bank investing in anything. There's too much mumbo jumbo about what's a ponzi, what's the value of an asset blah blah. If you have an edge and can invest/trade with proper risk then do your thing.
I know few that WANT to invest for the next 40 years so they can retire at 65 and many that are FORCED to because they don't know how to get out of the game. If that's your goal, great, DCA into an index. Most are conditioned (brain washed perhaps) to view one form of investment better or safer than the other, but in the end, everything is a zero sum game.
Cold wallet to cold wallet transfer = no "paper" trail for govt to track
But then how are you supposto buy dogicoins and supersafemoonelonrocketship coin
DEX exist. You can totally buy your favor of shitcoin without touching a CEX. But ofc liquidity is low on DEX so you will never get the best price versus CEX.
Issue with taxes is. There is no legal way for the government to prove you own cold wallet xyz. Or that you STILL have access to cold wallet xyz. What if your account on the CEX exchange is hacked? Who has the onus to prove whether you still have access to the fund.
Also Tornado cash exist.
As it exists taxes for crypto really is a honor system. People that make their
living on crypto will have way more of an incentive to report their earning.
Are we still talking about if this whole thing is a ponzi? See you all in a couple of years
I'm surprised BTC didn't crash further once it went under 20K.. Usually that happens with this kind of thing, even though there's no real reason for it to. Maybe it still will and this is just some resistance to that happening.. Bankers are weird
Govt: We see you transferred out 80k worth of dogicoins last year, but did not file taxes
Reply to CRA: my account was hacked, it's all gone
CRA:
I think threezero just solved how to not pay taxes on crypto
Just make sure you back it up with "I sold my holzfeller 1872 piano on CL, and deposited 80k into the bank around the same time"
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Quote:
Originally Posted by Mr.Money i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by Badhobz
I saw some bimbo live streaming her coffee order while standing in line. I wanted to slap the phone out of her hand and throw her into the bean grinder
Not sure if anyone is interested in a FREE ponzi lol.
9gag making their mark in the NFT space. Their first collection You are the MVP which was handed out to community member currently sitting at 10e + floor price.
Their upcoming collection the POTATOES will be a free mint. Anyone can enter their raffle but if you have an old 9gag account you increase your chance of winning the raffle.. If you have that 10+ year old 9gag account now is your chance (and if you hate NFT and think this is a ridiculous ponzi please reach out to me I would like to buy your older 9gag accounts)
You will need a metamask account with at least 0.069eth in the account. Mint itself is free + gas.
If you want to try your luck on a "ponzi" more detail on their raffle page
So the Eth merge is 8 hours away. Proof of work is ending and changing to proof of stake. Some places will be closing until the merge is complete. You will have to do nothing. many scammers will be out. Stay safe and lets hope this pumps the price up.
__________________ Until the lions have their own historians, the history of the hunt will always glorify the hunter.
Originally Posted by Mr.Money i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by Badhobz
I saw some bimbo live streaming her coffee order while standing in line. I wanted to slap the phone out of her hand and throw her into the bean grinder
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Are you guys going to mine anything else in the meantime or just sit and wait? According to whattomine there's still coins (for now) which would be profitable after hydro
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