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General Cryptocoin Discussion

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Depends if it's a meme : )
Of course it'd be a meme, are you kidding man?

 
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The push-pull between crypto as a currency vs. as a tradable commodity is kind of fascinating. For the first to work (its ostensible purpose), you need stability. For the latter, instability provides more opportunity for profit.

My knowledge of monetary history is pretty sparse. Does anybody know if the progression of crypto parallels the establishment of other historical means of exchange? Paper money, for example, grew more-or-less organically out of people trading stamps as currency.
 
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Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble

They really do raise some good points in this recent article(and I'm sure much of it has been mentioned here already in the past), which is why I say if you haven't gone into crypto early well before the peak of the hype and cashed out enough to at least break even or make a profit, its just a huge risk now. I think they're right in regards to it being just another bubble waiting to pop.
 
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Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble

They really do raise some good points in this recent article(and I'm sure much of it has been mentioned here already in the past), which is why I say if you haven't gone into crypto early well before the peak of the hype and cashed out enough to at least break even or make a profit, its just a huge risk now. I think they're right in regards to it being just another bubble waiting to pop.
I feel we are well beyond that now personally, but who knows.
 

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Yeah, as much as I despise the idea of crypto-currency, hopefully nobody ends up going bankrupt or anything like that if/when it does crash hard. Wouldn't wish that on anyone.
 
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Yeah, as much as I despise the idea of crypto-currency, hopefully nobody ends up going bankrupt or anything like that if/when it does crash hard. Wouldn't wish that on anyone.
There is no way it goes down without thousands (if not hundreds of thousands) of bankruptcies at this point. People just aren't sensible with their money.

I like how that site added a section for the (six now) Chinese "bitcoin bans."
 
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There is no way it goes down without thousands (if not hundreds of thousands) of bankruptcies at this point. People just aren't sensible with their money.
evergreen

it happens with cryptos, it happens with everything else
 

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Venezuela... hailed by crypto enthusiasts as revolutionary for adopting crypto widely as tender, is now literally selling services/goods for gold..


Seems crypto isn't helping stem the absurdly fast fall of the bolivar (and economy as a whole).
 
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Venezuela also has an official crypto
Yeah, a garbage, state managed one unlike every other crypto on the market.

The petro was predicted to be a joke at inception. No one hailed it as revolutionary, like, at all.
 
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Just what we need:
1636711451676.png

Get ready boys, Ryzen 9's are going out of stock.
 
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not much impact to mining in general i would say as the EU isn't exactly a good place to mine, but for small operations this could free a lot of gpus
 
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