Uncle Wally One Ball
Well-Known Member
A stable coin as opposed to an unstable coin then? OK, done.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
crypto interest
- Thread starter zerox
- Start date
Banks continue to commit elaborate theft from their customers. Crypto is starting to offer interest rates normal people can only dream of from banks. More people are gradually beginning to see this.Yes it would take a long time to reach the mainstream but you don’t think banks are aware of this or starting to worry?
Sound. Yes, because obviously Bitcoin is too volatile to be used that way.A stable coin as opposed to an unstable coin then? OK, done.
Exactly, just look at how the government was able to print money when it needed to.Gullible idiots or not, this serves to remind us that any currency depends on a sort of religious style act of faith by those who use it. No currency is actually worth anything at all in itself.
Uncle Wally One Ball
Well-Known Member
No that isnt what he meansExactly, just look at how the government was able to print money when it needed to.
Ok. You enjoy your 0.1 percent and pretend crypto will just disappear or is worthless.No that isnt what he means
KnaresboroughBlue
Well-Known Member
Won't happen anytime soon I don't think.banks are going the way of 45's, betamax and the phonebook. good riddance and cannot happen soon enough.
Wafty Cranker
Well-Known Member
- Joined
- 31 Mar 2006
- Messages
- 1,104
There are loads of people on this forum that come along and compare crypto to tulips, or call it a Ponzi scheme. Go look at the other crypto thread and go back a few years. If those same people had bought crypto instead some of them would be sitting on 1,000 % gains.
Yet those of us who have invested and made good returns are gullible? Or perhaps we did our research and understood the risk vs reward.
I still think it has a long way to go. I still hold some of the larger market cap coins and imagine I will do for the next few years.
Chances are those of you who think it’s shit hold it indirectly in your pensions anyway. Companies like Tesla and Square have billions worth on their balance sheets. That it is if you have a pension and are not hiding your retirement pot under your mattress.
Yet those of us who have invested and made good returns are gullible? Or perhaps we did our research and understood the risk vs reward.
I still think it has a long way to go. I still hold some of the larger market cap coins and imagine I will do for the next few years.
Chances are those of you who think it’s shit hold it indirectly in your pensions anyway. Companies like Tesla and Square have billions worth on their balance sheets. That it is if you have a pension and are not hiding your retirement pot under your mattress.
BooksReject
Well-Known Member
My take on this crypto lark…..I’m in my 50’s and up until 12 months ago was as sceptical as some on here about the cryptocurrency world. I just thought it was a scam.
My two 30 year old kids were just getting into it, and doing ok, and because we had a bit of spare cash doing nothing decided to take the plunge and buy into Bitcoin.
We did loads of research, found platforms launching new coins (legitimate projects with utility) to buy into at the bottom (IDO’s) and have recently started playing about with NFT’s.
They are more aggressive and take more risks than me, and in 12 months one has $250,000 staked in Yield which pays 10% APY and the other has different goals but has $175,000 which she converted to stablecoin (USD) to use as a deposit for a house. She recently bough an NFT of a penguin for $300 and two months later sold it for $10k, madness.
They have appointed a specialist crypto tax expert, and the staked currency is insured through specialist crypto insurers.
We are currently hoping to enter a bull run anticipated to last until the end of the year, where we plan to sell it all into stablecoin before the inevitable bear market returns.
You can be as sceptical as you like, just as I was, but it’s real, and it’s here to stay.
I still pinch myself every day.
My two 30 year old kids were just getting into it, and doing ok, and because we had a bit of spare cash doing nothing decided to take the plunge and buy into Bitcoin.
We did loads of research, found platforms launching new coins (legitimate projects with utility) to buy into at the bottom (IDO’s) and have recently started playing about with NFT’s.
They are more aggressive and take more risks than me, and in 12 months one has $250,000 staked in Yield which pays 10% APY and the other has different goals but has $175,000 which she converted to stablecoin (USD) to use as a deposit for a house. She recently bough an NFT of a penguin for $300 and two months later sold it for $10k, madness.
They have appointed a specialist crypto tax expert, and the staked currency is insured through specialist crypto insurers.
We are currently hoping to enter a bull run anticipated to last until the end of the year, where we plan to sell it all into stablecoin before the inevitable bear market returns.
You can be as sceptical as you like, just as I was, but it’s real, and it’s here to stay.
I still pinch myself every day.