Dropped 100$ in doge

xtsho

xtsho

Well-Known Member
PJ Diaz said:
www.cnbc.com

DeFi bug accidentally gives $90 million to users, founder begs them to return it

About $90 million went out in error to users of Compound, a decentralized-finance staking protocol. The founder is begging users to return the tokens.
www.cnbc.com www.cnbc.com
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I wouldn't return a dime. I'd keep it all and claim it as income on my taxes.

"But Chandrasekera also makes clear that no one has to return the funds. If their reward is reported to the IRS, they would simply be subject to income taxes on that amount.

So that $29 million comp token winner stands to take the most home in a scenario where they just pay up to Uncle Sam, rather than pay it back to Compound."
 
bernie344

bernie344

Well-Known Member
Nizza said:
Doge is back up! I bought back in last week at 27c, I wonder how high it's going to ride this go.
The 3commas bot is working well, 200$ profit over the past month or two using 1500$.

My buddy was saying something about amazon maybe using amp so I'm going to put some onto that and have a bot scalp it if it goes up.

One thing that's nice about crypto between 5-10 cents is if I fluctuates 1 penny that is around 10%. I've learned alot since starting this thread the biggest thing is don't be greedy, take profits when thing seem too good to be true and don't just wait because it will drop

A few coins I want to hold onto though are xlm, xrp, doge, amp , and ethereum.
A shit coin I'm going to sell profits on the way up on is NAFTY. It's been having some really nice gains.

What have yall been interested in the most? What do you think will stick around ?
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27cents on the dog, too bad, but it should be 40 now instead of 22.
The dog hasnt barked for a while now.
 
bernie344

bernie344

Well-Known Member
Bernie has made a few practice trades over the last couple of months.

Bernie is now educated enough.

Bernie though is still an ETH miner above all else.

Bernie has one trade on btc long and will ride it until 300% profit, minimum.
 
Just Be

Just Be

Well-Known Member
xtsho said:
I'm sure it instilled confidence in El Salvador that the day they officially adopt it as a legitimate currency it drops over 10%. I think it's a very bad idea for people in impoverished nations to fully adopt it as a currency. It's too volatile and the poorest are going to be the ones that lose the most.
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This just in..
"El Salvador government spends $4,672 in electricity to mine $269 in bitcoins"
www.elsalvador.com

Gobierno gasta $4,672 para minar solo $269 en bitcoins | Noticias de El Salvador

Tras el anuncio hecho por el presidente Nayib Bukele sobre el primer minado de Bitcoin con energía geotérmica, del cual no dio mayores detalles sobre el costo que esto le representa al país, un experto hizo cálculos de cuánto ha gastado el gobierno en esa prueba. Carlos Martínez, catedrático de...
www.elsalvador.com www.elsalvador.com
 
xtsho

xtsho

Well-Known Member
Just Be said:
This just in..
"El Salvador government spends $4,672 in electricity to mine $269 in bitcoins"
www.elsalvador.com

Gobierno gasta $4,672 para minar solo $269 en bitcoins | Noticias de El Salvador

Tras el anuncio hecho por el presidente Nayib Bukele sobre el primer minado de Bitcoin con energía geotérmica, del cual no dio mayores detalles sobre el costo que esto le representa al país, un experto hizo cálculos de cuánto ha gastado el gobierno en esa prueba. Carlos Martínez, catedrático de...
www.elsalvador.com www.elsalvador.com
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They're so rookie. They're just using a mining pool like any of us could. What a joke. This guy is wasting his countries money and putting the personal finances of its citizens at risk. I don't understand what they're trying to do.

"The president published last Friday on his Twitter account an image that indicated an "account balance" with a "pending payment" for 0.00483976 bitcoin and with a "pending (estimated) mining" of 0.00599179 bitcoin to total 0.01083155 bitcoin."
 
PJ Diaz

PJ Diaz

Well-Known Member
Just Be said:
This just in..
"El Salvador government spends $4,672 in electricity to mine $269 in bitcoins"
www.elsalvador.com

Gobierno gasta $4,672 para minar solo $269 en bitcoins | Noticias de El Salvador

Tras el anuncio hecho por el presidente Nayib Bukele sobre el primer minado de Bitcoin con energía geotérmica, del cual no dio mayores detalles sobre el costo que esto le representa al país, un experto hizo cálculos de cuánto ha gastado el gobierno en esa prueba. Carlos Martínez, catedrático de...
www.elsalvador.com www.elsalvador.com
Click to expand...
xtsho said:
They're so rookie. They're just using a mining pool like any of us could. What a joke. This guy is wasting his countries money and putting the personal finances of its citizens at risk. I don't understand what they're trying to do.

"The president published last Friday on his Twitter account an image that indicated an "account balance" with a "pending payment" for 0.00483976 bitcoin and with a "pending (estimated) mining" of 0.00599179 bitcoin to total 0.01083155 bitcoin."
Click to expand...
I dunno, I think it's pretty cool. I think they are still getting their mining rigs all set up, and have dedicated a certain portion of the grid to mining, so that power consumption number may not really be actual consumption yet. I like the idea that they are using volcanic activity to produce power, so it's basically free renewable energy. It may only be a "rookie move" because no one has done it yet.
 
Nizza

Nizza

Well-Known Member
ComputerSaysNo said:
Quoting first post.

Anything related to currencies ("crypto" or otherwise) is not "investing", it's "gambling".
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So investing in stocks is not a gamble ? I see what you're saying but I think the two words are very similar when talking about money. Investing in a crypto to me is like investing in gold except that crypto in non tangible

You could call it more of a gamble than a solid investment but you could be wrong
. Digital currency has already proven its utility and value in many ways and has a lot of growth potential still. I believe we are seeing history
 
PJ Diaz

PJ Diaz

Well-Known Member
Nizza said:
So investing in stocks is not a gamble ? I see what you're saying but I think the two words are very similar when talking about money. Investing in a crypto to me is like investing in gold except that crypto in non tangible

You could call it more of a gamble than a solid investment but you could be wrong
. Digital currency has already proven its utility and value in many ways and has a lot of growth potential still. I believe we are seeing history
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I agree. I mean I just lost $2k in stock value last week. I'm sure it will come back, but I was thinking about cashing out. Shoulda done it a couple weeks earlier.
 
ComputerSaysNo

ComputerSaysNo

Well-Known Member
Nizza said:
So investing in stocks is not a gamble ?
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You do not "invest" in stocks. You put your money in stocks. That is "saving", not "investing". It can also be seen as gambling, of course.

Nizza said:
Investing in a crypto to me is like investing in gold
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You don't "invest" in gold, you put your money in gold, which is just another way of saving the money. A rather foolish way, because gold does not bear interest (neither do cryptocurrencies).

If I wanted to gamble I would pick something other than cryptocurrencies.

Right now the only reason to put any money in crypto is if you want to make shady transactions or have a legitimate reason to (thinly) veil your payment activities.
 
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W

waterproof808

Well-Known Member
ComputerSaysNo said:
A rather foolish way, because gold does not bear interest (neither do cryptocurrencies).
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There are dozens of platforms that offer interest on cryptocurrencies, almost all of them have much higher interest rates than a high yield savings account, which usually dont even offer anything over 0.5% apy. Many crypto exchanges offer 5-10%APY on BTC and other cryptocurrencies.

Crypto is the future of finance, whether you like it or not. Mainstream onboarding is already underway.
 
ComputerSaysNo

ComputerSaysNo

Well-Known Member
waterproof808 said:
Many crypto exchanges offer 5-10%APY on BTC and other cryptocurrencies.

Crypto is the future of finance, whether you like it or not. Mainstream onboarding is already underway.
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Good luck with your money, and future financial endeavours.

If you are married, you might consider giving some of your retirement nest eggs to your wife for escrow. Thank me later. :peace:
 
PJ Diaz

PJ Diaz

Well-Known Member
ComputerSaysNo said:
You do not "invest" in stocks. You put your money in stocks. That is "saving", not "investing". It can also be seen as gambling, of course.


You don't "invest" in gold, you put your money in gold, which is just another way of saving the money. A rather foolish way, because gold does not bear interest (neither do cryptocurrencies).

If I wanted to gamble I would pick something other than cryptocurrencies.

Right now the only reason to put any money in crypto is if you want to make shady transactions or have a legitimate reason to (thinly) veil your payment activities.
Click to expand...
LOL. People don't put their money in stocks or a 401k for "saving", that's what savings accounts are for. People invest in stocks and 401k in anticipation of an increased financial return. It is surely gambling just as much as crypto is, and you can definitely lose your "savings' by investing in stocks. Don't fool yourself.

This is what the value of gold looks like over the past 10 years.. this is not how I would want my "savings account" to look:
Screenshot (25).png

If you think that crypto doesn't accrue interest, then you are just showing your ignorance on the matter..

Screenshot (26).png
 
ComputerSaysNo

ComputerSaysNo

Well-Known Member
PJ Diaz said:
People invest in stocks and 401k in anticipation of an increased financial return. It is surely gambling just as much as crypto is, and you can definitely lose your "savings' by investing in stocks. Don't fool yourself.
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A broad investment in stocks historically gives you a net-net (i.e. after everything) financial return of ~5% annually, over a long enough period of time (say, 20-30 years). That's your share of the cake, not more, and all the usual caveats apply ("past results are not to be taken as a prediction of future returns, yada yada").

I can recommend the book "Pragmatic Capitalism" by Cullen Roche (I don't know if it's still in print, but it's fairly recent).
 
PJ Diaz

PJ Diaz

Well-Known Member
ComputerSaysNo said:
A broad investment in stocks historically gives you a net-net (i.e. after everything) financial return of ~5% annually, over a long enough period of time (say, 20-30 years). That's your share of the cake, not more, and all the usual caveats apply ("past results are not to be taken as a prediction of future returns, yada yada").

I can recommend the book "Pragmatic Capitalism" by Cullen Roche (I don't know if it's still in print, but it's fairly recent).
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Sure guy..

Screenshot (27).png

I bet those people who put their money in stocks as a "savings account" back at the end of 2007 weren't real happy to see their savings become a net loss for 5-years before regaining their value..

Screenshot (28).png
 
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