Cryptocurrency

This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.
Boba Foot said:
Crypto's main selling point was that it is de-centralized and it is removed from traditional markets crashing. Now all the crypto hawks are saying "crypto markets follow traditional markets". It's like all the bag-holders are trying to rationalize their folly all the way down to a $0 balance.
Click to expand...

"It's a hedge against inflation!"

It's all made up BS
Members don't see this ad.
 
  • Like
Reactions: 1 user
GreenHousePub said:
"It's a hedge against inflation!"

It's all made up BS
Click to expand...
Nobody is saying that. People who are interested in cryptocurrency are investing in it for it's future capabilities. It's not going to happen tomorrow. In 5-10 years it will be something everyone in the world uses to complete transactions. Just like the internet.
 
Last edited:
  • Like
Reactions: 1 users
Members don't see this ad :)
CutsWithFury said:
You just used fancy words but do not understand what you said.

The selling point of cryptocurrency is decentralization meaning not relying on third parties to get stuff done. This is very much alive in crypto and there are several projects working towards programing to achieve this in a way that is interoperable with other blockchains, energy efficient (unlike bitcoin mining), and scalable (meaning billions of people can use the blockchain to execute everyday functions we do today in a decentralized manner on the blockchain without it crashing). This has never been done before therefore it takes years of programming and coding to get this done. Cardano is my personal favorite project that is trying to achieve all of this.

Big institutional money is in cryptocurrency whether they want to admit it or not. This is why crypto markets are following traditional markets. This is what I meant. Not that the fundamental principles of blockchain technology has changed.

They said these stupid things about the internet when it first launched. We haven't even gotten into the blockchain adoption phase yet. This is still the VERY beginning. Once cryptocurrency is regulated by the government in a way that doesn't handcuff it's ultimate potential we will see that adoption phase. This is when tens of trillions of dollars will flood the blockchain industry making early investors very rich. It's going to me be me. You just watch.
Click to expand...
Sure. Or it could be as good of an investment as buying a bunch of Laserdiscs.

The only thing keeping bitcurrency afloat right now is institutional money invested in it. If the old money divests, it’s toast.
 
Boba Foot said:
Sure. Or it could be as good of an investment as buying a bunch of Laserdiscs.

The only thing keeping bitcurrency afloat right now is institutional money invested in it. If the old money divests, it’s toast.
Click to expand...

Yeah sure let’s completely not acknowledge the new innovative technology that’s being developed…..riiiiiiiigggggggghhhhhht
 
CutsWithFury said:
Yeah sure let’s completely not acknowledge the new innovative technology that’s being developed…..riiiiiiiigggggggghhhhhht
Click to expand...
This is exactly how I made my fortune in crypto. Although this was about 4-5 years ago. To know these things, you have to be one step ahead and be invested in the cryoto community .. heavily. I doubt you will find much valuable info from some guys blog trying to make a buck.
 
futurenjdoc said:
This is exactly how I made my fortune in crypto. Although this was about 4-5 years ago. To know these things, you have to be one step ahead and be invested in the cryoto community .. heavily. I doubt you will find much valuable info from some guys blog trying to make a buck.
Click to expand...
Did we just become best friends?
 
  • Like
Reactions: 1 user
When is this market not going to suck? I’m ready to get rich
 
ToeFather said:
When is this market not going to suck? I’m ready to get rich
Click to expand...

When the stock market starts correcting when we get inflation under control when we get the democrats out of the White House.

Desantis will save us. See you in 2024.

Dollar cost average like your life depends on it.
 
  • Like
  • Haha
Reactions: 1 users
Bear market rallies will still happen, but we are 100% going to see more new lows. Get long dated puts or go cash and hold; I'm waiting for SPY 350. My SPY $400 1/20/22exp puts have been printing well
 
CutsWithFury said:
When the stock market starts correcting when we get inflation under control when we get the democrats out of the White House.

Desantis will save us. See you in 2024.

Dollar cost average like your life depends on it.
Click to expand...
Desantis? That’s the new Republican savior? Lol.
 
Boba Foot said:
The clown circus always finds a new clown ringleader.
Click to expand...

Better than sleepy joe. This administration has ruined America, it’s core values and our economy.

Democrats don’t have a shot in hell in winning the 2024 election. Your candidates are so terrible it’s why America voted for trump and he won.

Whoever runs for the republicans will win.
 
  • Like
Reactions: 1 user
Members don't see this ad :)
CutsWithFury said:
Better than sleepy joe. This administration has ruined America, it’s core values and our economy.

Democrats don’t have a shot in hell in winning the 2024 election. Your candidates are so terrible it’s why America voted for trump and he won.

Whoever runs for the republicans will win.
Click to expand...
Trump lost the popular vote by 2%. America did not vote for him.

As for the economy, think good and hard about who pumped the economy with multiple stimulus checks and PPP "loans" to any sham business that applied for it. Doesn't take a genius to figure out who screwed that pooch. Ran the country as well as he ran his bankrupt-ass businesses.
 
  • Like
Reactions: 1 user
Boba Foot said:
Trump lost the popular vote by 2%. America did not vote for him.

As for the economy, think good and hard about who pumped the economy with multiple stimulus checks and PPP "loans" to any sham business that applied for it. Doesn't take a genius to figure out who screwed that pooch. Ran the country as well as he ran his bankrupt-ass businesses.
Click to expand...
Are we seriously going to argue over voting when the last election was rigged and tampered with? People throwing votes out etc.

You know what fixes election fraud? Blockchain technology. Everything is on chain and can never be tampered with.
 
I voted for Putin
 
  • Like
  • Haha
Reactions: 3 users
CutsWithFury said:
Are we seriously going to argue over voting when the last election was rigged and tampered with? People throwing votes out etc.

You know what fixes election fraud? Blockchain technology. Everything is on chain and can never be tampered with.
Click to expand...
Isn't the whole point of blockchain tech to stay anonymous and not be doxxed tho
 
PointyNippers said:
Isn't the whole point of blockchain tech to stay anonymous and not be doxxed tho
Click to expand...

No. Anonymity certainly could be a benefit, but its not the whole point. Or even the major point. A decentralized ledger that is theoretically incorruptible is the draw, or the hope for more widespread adoption of “blockchain” technology.
 
CutsWithFury said:
Are we seriously going to argue over voting when the last election was rigged and tampered with? People throwing votes out etc.

You know what fixes election fraud? Blockchain technology. Everything is on chain and can never be tampered with.
Click to expand...
Yeah ok. No source with any sort of credibility has yet to prove election fraud. Losses sting, get over it.
 
Boba Foot said:
Yeah ok. No source with any sort of credibility has yet to prove election fraud. Losses sting, get over it.
Click to expand...
I'm over it. Get over that the republicans are going to flip the house and take over the presidency in 2024. USA is tired of the left and their ridiculous values.
 
  • Like
  • Dislike
  • Haha
Reactions: 2 users
Ridiculous value: basic women’s healthcare rights
 
  • Like
Reactions: 6 users
CutsWithFury said:
I'm over it. Get over that the republicans are going to flip the house and take over the presidency in 2024. USA is tired of the left and their ridiculous values.
Click to expand...
Must be nice knowing exactly what the whole US population wants from your little FOX bubble
 
  • Like
Reactions: 1 user
BTC fixes this.
 
  • Like
Reactions: 1 users
Crypto is interesting. Not sure I can go "all in" on it. but I think its worth throwing 1-2k at when prices are so low. I wouldnt miss 1-2k in the grand scheme of things if I lost it all. But if I made 1000% ROI I would absolutely notice that. I wouldnt throw multiple thousands at it though. I save that for my boring 401k, IRA, and Vanguard admiral accound.
 
  • Like
Reactions: 1 user
DYK343 said:
Actually, in a lot of states they cant. Thats a factual statement.

To the prepods on this forum scared for the future of podiatry based on posts in the recent past (seemingly getting more disgruntled as time goes on...)

After reading this threads turn its clear that a lot of what seasoned posters say on here is their opinon written as fact.

I suspect this thread will be closed.

Crypto is interesting. Not sure I can go "all in" on it. but I think its worth throwing 1-2k at when prices are so low. I wouldnt miss 1-2k in the grand scheme of things if I lost it all. But if I made 1000% ROI I would absolutely notice that. I wouldnt throw multiple thousands at it though. I save that for my boring 401k, IRA, and Vanguard admiral accound.
Click to expand...

Everything is opinion and not fact that’s why it’s a forum. Freedom of expression. Don’t cancel me.
 
CutsWithFury said:
I have more of problem with changing the accepted English language to make others feel comfortable.
Click to expand...
Not an issue to anyone who doesn’t watch Fox News.
CutsWithFury said:
I want to identify as a zebra for now on these boards.

If you don’t call me Mx. Zebra I’ve now got grounds for harassment and misgendering. I’ll report all of you and probably get someone to listen to me. Does this sound reasonable?
Click to expand...
You back handedly trash on transgender folks and then a few posts later say “freedom of expression”. Don’t know if you’re trying to be ironic but you sound stupid.

Ignoring healthcare rights being taken away from 50% of the population and hanging your hat on being upset with what gender someone identifies as is concerning coming from a healthcare practitioner. Thank god you’re just a foot doctor.
 
  • Like
Reactions: 2 users
Please keep this thread directly related to Crypto currency only.

Please keep politics to yourself or in the Lounge threads. Or meet up at a bar and discuss it so you can throw hands at each other. But not on here.
 
  • Like
Reactions: 2 users
Weirdy said:
Please keep this thread directly related to Crypto currency only.

Please keep politics to yourself or in the Lounge threads. Or meet up at a bar and discuss it so you can throw hands at each other. But not on here.
Click to expand...

I’ll be going to the next ACFAS conference for the first time in a long time. Let’s get it on!
 
  • Like
Reactions: 1 user
CutsWithFury said:
I’ll be going to the next ACFAS conference for the first time in a long time. Let’s get it on!
Click to expand...
Would be fun to meet in person. Will keep a look out for it if kid doesn't take up too much time.

Looks like its in SoCal. Wife loves the food there. Lets try to make it happen.
 
  • Like
Reactions: 1 user
laurenmclean said:
Sorry for reviving an old thread, but I'm on the hunt for some crypto knowledge too. As a newbie on this forum, I'm eager to learn more about cryptocurrencies and investing.
Click to expand...
I would recommend not a podiatry forum ..
 
  • Like
  • Haha
Reactions: 7 users
laurenmclean said:
Sorry for reviving an old thread, but I'm on the hunt for some crypto knowledge too. As a newbie on this forum, I'm eager to learn more about cryptocurrencies and investing.
Click to expand...
Just put everything into VTI and maybe another index or two. Sit and watch it grow. Stay away from crypto; a man named CutsWithFury was big into crypto but he lost all his money in the crypto crash and had to pawn all his electronics and now no longer can post here as a result.
 
  • Like
  • Haha
Reactions: 7 users
Boba Foot said:
Just put everything into VTI and maybe another index or two. Sit and watch it grow. Stay away from crypto; a man named CutsWithFury was big into crypto but he lost all his money in the crypto crash and had to pawn all his electronics and now no longer can post here as a result.
Click to expand...
And if you have to google "what is VTI" then hire someone to help you with financial direction/planning
 
Boba Foot said:
Just put everything into VTI and maybe another index or two. Sit and watch it grow. Stay away from crypto; a man named CutsWithFury was big into crypto but he lost all his money in the crypto crash and had to pawn all his electronics and now no longer can post here as a result.
Click to expand...

Boooooring. Put everything into deep OTM calls expiring in a week.
 
  • Like
Reactions: 1 user
HardRoadPaved said:
And if you have to google "what is VTI" then hire someone to help you with financial direction/planning
Click to expand...
Podiatrists are cheap. We don't give commissions for financial planners.
 
  • Like
Reactions: 1 user
We are literally the worst people to ask for smart financial investments considering we all decided to devote our lives to a poor one
 
  • Like
Reactions: 6 users
heybrother said:
My money market fund has outperformed my bitcoin investments.
Click to expand...
Reasons to buy BitCoin or other crypto and the main reasons it will go up:
  • "other people might buy it from me for more one day"

Things that will probably outperform BitCoin:
  • SPY
  • QQQ
  • BRKB
  • small caps
  • obesity/diab Rx stocks
  • emerging markets
  • developed markets
  • stock shares of your favorite restaurant
  • stock shares of your sister's favorite restaurant
  • stock shares of your go-to gas station brand
  • stock shares of your favorite car company
  • stock shares of your cell phone company
  • stock shares of a clothing company you see youngters at the mall wearing
  • stock shares of the shoe company your next patient is wearing
  • stock shares of your favorite computer company
  • bonds
  • RE
  • gold
  • silver
  • high quality firearms
  • Jordan rookie cards
  • Mike Trout rookie cards
  • Tom Brady rookie cards
  • Mahomes rookie cards
  • tools of your own trade (start own office)
  • market your office
  • surgery center shares
  • [any and all of 5000 more investments]
 
  • Like
Reactions: 1 users
Love looking at the previous predictions in this thread.
Lets take a look:

KDA - it's gonna take off. At prediction in 2022 was at 6.28, now today it's a 0.58
ADA - someone was bullish AF. At prediciton in 2022 was at 0.62, today it's at 0.27
AVAX - was gonna take off to the moon. At prediction in 2022 was at 23.00, today it's at 12.00
XRP - fared better. Was at 0.42 at prediction, today at 0.43. Feeling bullish!
BTC - "You'll be sorry when it moons to 100k". Never reached that, currently at 30,242.

"Enjoy staying poor"

Crypto is a great space for influencers to rip off their 13 year old fans by creating coins and immediately dumping them at launch. Coffeezilla is probably the only person I'd watch about crypto BS.

Also real world adoption is gonna happen anyday now.
 
  • Like
Reactions: 5 users
GME though…
 
GreenHousePub said:
Love looking at the previous predictions in this thread.
Lets take a look:

KDA - it's gonna take off. At prediction in 2022 was at 6.28, now today it's a 0.58
ADA - someone was bullish AF. At prediciton in 2022 was at 0.62, today it's at 0.27
AVAX - was gonna take off to the moon. At prediction in 2022 was at 23.00, today it's at 12.00
XRP - fared better. Was at 0.42 at prediction, today at 0.43. Feeling bullish!
BTC - "You'll be sorry when it moons to 100k". Never reached that, currently at 30,242.

"Enjoy staying poor"

Crypto is a great space for influencers to rip off their 13 year old fans by creating coins and immediately dumping them at launch. Coffeezilla is probably the only person I'd watch about crypto BS.

Also real world adoption is gonna happen anyday now.
Click to expand...

Yup. I was buying crypto in 2016. BTC was under $1000. I made a lot of money on BTC and ETH (and various alt coins, most of which don’t exist or are worthless now). Those days are gone. I haven’t put any money into it since I cashed out a few years ago.
 
  • Like
Reactions: 1 user
Feli said:
Reasons to buy BitCoin or other crypto and the main reasons it will go up:
  • "other people might buy it from me for more one day"

Things that will probably outperform BitCoin:
  • SPY
  • QQQ
  • BRKB
  • small caps
  • obesity/diab Rx stocks
  • emerging markets
  • developed markets
  • stock shares of your favorite restaurant
  • stock shares of your sister's favorite restaurant
  • stock shares of your go-to gas station brand
  • stock shares of your favorite car company
  • stock shares of your cell phone company
  • stock shares of a clothing company you see youngters at the mall wearing
  • stock shares of the shoe company your next patient is wearing
  • stock shares of your favorite computer company
  • bonds
  • RE
  • gold
  • silver
  • high quality firearms
  • Jordan rookie cards
  • Mike Trout rookie cards
  • Tom Brady rookie cards
  • Mahomes rookie cards
  • tools of your own trade (start own office)
  • market your office
  • surgery center shares
  • [any and all of 5000 more investments]
Click to expand...
You forgot onlyfans
 
  • Like
Reactions: 1 users
laurenmclean said:
Sorry for reviving an old thread, but I'm on the hunt for some crypto knowledge too. As a newbie on this forum, I'm eager to learn more about cryptocurrencies and investing.
Click to expand...
Dont invest in crypto. Its equivalent to investing strategy being going to the casino. Youre gonna lose. Very few make it out "big"

#1
Save up an emergency fund 3-6 months living expenses and put it away in a high interst savings bank like Ally.
Pay off any and all credit card debt first (or any high interest debt) - Thats ~20% interest savings right there. No market is gonna beat that.

#2
Create and max out an IRA with backdoor roth at end of year
Max out 401k (if availabe)
Max out 403(b) (if available)
Max out HSA (if available)

#3
Pay off student loans or any other high interest debt with all remaning money to spare.

#4
Once high interest debt is gone open a vanguard mutual fund and invest money in there.


#5 modify some of above to consider home ownership only if youre going to be in the area for a minimum 5 years. We never know what will happen but buying homes and moving 1-2 years later is almost always a loss. Buying a home and staying 5-6 years is almost always a win.
 
  • Like
Reactions: 3 users
Boba Foot said:
I hope it’s ....
Click to expand...

Sorry bro but this is borderline simp behavior to give free attention like this.

In my online and personal life I strongly condemn simping in all forms. Even if it costs me my online account, real life job, friends, and/or family I speak out against it. I would rather live in a cardboard box eating from the dumpster behind a McDonalds combo Taco Bell with no access to public toilet before encouraging or tolerating, in even the smallest of forms, simp behavior.

On topic: Cryptocurrency is a ponzi scheme and nothing but pretend data on a hard drive. It will be remembered as the biggest scam of the century. Even if completely worthless at least Tulips were a physical object people could hold and grow and breed (Tulip Mania 1634-1637).
 
Last edited:
  • Like
  • Hmm
  • Care
Reactions: 3 users
DYK343 said:
Dont invest in crypto. Its equivalent to investing strategy being going to the casino. Youre gonna lose. Very few make it out "big"

#1
Save up an emergency fund 3-6 months living expenses and put it away in a high interst savings bank like Ally.
Pay off any and all credit card debt first (or any high interest debt) - Thats ~20% interest savings right there. No market is gonna beat that.

#2
Create and max out an IRA with backdoor roth at end of year
Max out 401k (if availabe)
Max out 403(b) (if available)
Max out HSA (if available)

#3
Pay off student loans or any other high interest debt with all remaning money to spare.

#4
Once high interest debt is gone open a vanguard mutual fund and invest money in there.


#5 modify some of above to consider home ownership only if youre going to be in the area for a minimum 5 years. We never know what will happen but buying homes and moving 1-2 years later is almost always a loss. Buying a home and staying 5-6 years is almost always a win.
Click to expand...
Having 6 months of savings plus is huge....trust me you may end up feeling pressure to take a bad job just because you have bills to pay.

In regards to buying a home immediately....the last few years have been crazy. I bought and sold 2 homes holding each for just over 2 years. Very good profit. That party is over. Now I am trying to convince my wife that a new home plus these rates are just a killer.

Edit - and the first house I bought was for $65,000. It's hard to have things go bad on a house that cost that much. I think I probably end up coming out even after 18 months with things that we put into it and after fees.
 
Last edited:
  • Like
Reactions: 1 user
A lot of projects in crypto are complete scams. But blockchain is not going away as it allows for more transparency and most likely makes business easier and more streamlined. They said this about the internet and look where we are now.

If cryptocurrency is such as a scam then why is blackrock, fidelity and every other major asset managing company jumping in and forming their own Bitcoin ETF? It is because it is being identified as something that will have value.

JPmorgan, Charles Schwab, Fidelity and some other big boys are forming their own centralized exchange to buy and sell BTC, ETH etc. Offering these assets to their investors.

The regulations we have been seeing are coming from a place that is looking to control it rather than embrace the technology. USA is the world leader in blockchain technology but that is slipping away due to unfair regulatory policies that are outdated and don't even correctly define cryptocurrency.

Cryptocurrency will become a center point around the next election. Whoever gets elected will open the flood gates if they are pro crypto. Trillions of dollars coming into the space. All the crappy projects will eventually go away and we will be left with projects with in real life utility. It will be exciting in 2024-2025.
 
  • Haha
  • Hmm
Reactions: 1 users
You must log in or register to reply here.
Next unread thread
Top