Crypto predictions, dead or not.

Would you buy any crypto

  • Yes

    Votes: 8 28.6%
  • No

    Votes: 12 42.9%
  • Go back to south Australia

    Votes: 8 28.6%

  • Total voters
    28

teK--

Eats Squid
Totally different.
I don't understand the mindset of people who go out and "invest" 10k in a bicycle that is on special for 8k and tell their mates how much they saved.
2 years later they go and sell their "investment " for 6k. Now that's a true loss.
Same person could of bought a 2nd hand bike for 3k, invested in crypto with the other 5k, 2 years later they have a perfectly serviceable bike that still sells for close to purchase price and another 10k of free money on top of their initial 5k.

Just think 10k for free, you be the judge.
Maybe they aren't investing for pure money returns. There are investments in health, lifestyle, time, etc etc. Some people see the value proposition in a brand new bike, whilst others don't. Neither are the right or wrong decision it's all up to personal circumstances
 

safreek

Vealcake
Maybe they aren't investing for pure money returns. There are investments in health, lifestyle, time, etc etc. Some people see the value proposition in a brand new bike, whilst others don't. Neither are the right or wrong decision it's all up to personal circumstances
Yeah man, I get you. Just seems everyone looks at the dollar only.
If I didn't have a crack at the crypto I would still have a room full of bikes and parts and money in the bank earning nothing.
I am not taking the piss out of people who buy expensive bikes, just putting a dollar value to things as everyone else is.

At least with cryto money is easier to access (and cheaper) than share market when it comes to getting your money quickly.

I look at it as no more than a punt on a favorite, they win a lot but sometimes you get dudded.
 

dirtdad

Likes Dirt
A couple months ago I had been 45% down so paper losses of well over 2k, never a loss until you sell.
I get the concept of paper loss. But if you hadn't invested until it had dropped, you would have made more profit. Or if you'd sold before the bottom and reinvested your money at the bottom you'd have made more too (accounting for transaction costs and any tax issues).

"You took a certain risk with your initial capital. There is an opportunity cost to putting your money there and not somewhere else. That's a cost."

Not taking the piss but I still don't understand the cost you talk about, risk, yes, cost, no.
@teK-- explained this already. But as you say, could have been the bank and you make less than inflation. But equally could have been a different investment that made more (or lost it all...).

I'm also not anti crypto. Or even anti a 'play money' idea, where you can take wins and losses as a game. I like a punt every now and then too. Crypto has interested me a little, but not enough to invest the time to figure out how to do it.

If I got interested enough I would totally put some money into it just to figure out how it works. There is value in the learning alone. Also value in fun/entertainment if you find it fun to watch the volatile coins bounce around. Not everything you get out of life is tangible or can have a price put on it.

But whatever you do it always costs something. Time, money, or is it 'time is money'?
Choosing to do something instead of something else... What's the opportunity cost of your time?
 

safreek

Vealcake
I get the concept of paper loss. But if you hadn't invested until it had dropped, you would have made more profit. Or if you'd sold before the bottom and reinvested your money at the bottom you'd have made more too (accounting for transaction costs and any tax issues).



@teK-- explained this already. But as you say, could have been the bank and you make less than inflation. But equally could have been a different investment that made more (or lost it all...).

I'm also not anti crypto. Or even anti a 'play money' idea, where you can take wins and losses as a game. I like a punt every now and then too. Crypto has interested me a little, but not enough to invest the time to figure out how to do it.

If I got interested enough I would totally put some money into it just to figure out how it works. There is value in the learning alone. Also value in fun/entertainment if you find it fun to watch the volatile coins bounce around. Not everything you get out of life is tangible or can have a price put on it.

But whatever you do it always costs something. Time, money, or is it 'time is money'?
Choosing to do something instead of something else... What's the opportunity cost of your time?
Yeah man, I get where you are coming from. I just take the simplistic view on life, money made, money lost. No inbetween.
It really seems that patience is the key with this
 

rockmoose

Likes Bikes and Dirt
This is an example of when crypt has real world usage as opposed to speculation.
That was very interesting, and does show the value of a decentralised financial trading platform.

Taking the financial power away from despots, and giving it to each individual is essential for humanity.
 

safreek

Vealcake
That was very interesting, and does show the value of a decentralised financial trading platform.

Taking the financial power away from despots, and giving it to each individual is essential for humanity.
Yeah, it can certainly protect people's monetary value and take financial power away from criminal governments, that is why it scares USA and China so much.

So to all the people that say it has no real world use are probably from the old world where a small minority control all things, this empowers the poor in countries with massive inflation or totally controlling government.
 

Flow-Rider

Wheel size expert

safreek

Vealcake
I thought that would be the trend, it's like people buying gold in war times.
I guess the only difference is the Taliban will skin you for your gold, they hopefully will not know what crypto is. I think they may have some computer literate fellas involved in their new government, will help them get around US sanctions on loot and such
 

PINT of Stella. mate!

Many, many Scotches
I guess the only difference is the Taliban will skin you for your gold, they hopefully will not know what crypto is. I think they may have some computer literate fellas involved in their new government, will help them get around US sanctions on loot and such
They've just taken charge of the worlds largest producer of heroin and the US has frozen all the existing government assets. If they aren't already well versed in crypto trading, they'll be bringing themselves up to speed on it real quick.
 

Flow-Rider

Wheel size expert
They've just taken charge of the worlds largest producer of heroin and the US has frozen all the existing government assets. If they aren't already well versed in crypto trading, they'll be bringing themselves up to speed on it real quick.
Taliban have always had control of the Opium trade there, they had full control of outer provinces even with the US occupation. If you can control who enter and leaves a road, you pretty much have a certain level of control in a country.
 

PINT of Stella. mate!

Many, many Scotches
Taliban have always had control of the Opium trade there, they had full control of outer provinces even with the US occupation. If you can control who enter and leaves a road, you pretty much have a certain level of control in a country.
Not always. Pre 9/11 the Taliban had actually cut production on account of it being contrary to sharia law. The costs of the insurgency changed their tune however and now they have the run of the entire nation.
 

Flow-Rider

Wheel size expert
Not always. Pre 9/11 the Taliban had actually cut production on account of it being contrary to sharia law. The costs of the insurgency changed their tune however and now they have the run of the entire nation.
Possibly for a short period, I know they put video's out saying that they destroyed the poppy fields, but where did the Taliban get their money from? I would say partly from drug production, even the locals call them drug wielding terrorists.

https://www.cfr.org/backgrounder/us-opioid-epidemic
379234
 

dancaseyimages

Mountain bike pornographer
If your thinking crypto is no good for doing anything at the moment, you can also pay bills etc. with your crypto whether that be bitcoin, eth, or even Tron.

In reality, yes its something you can do with your normal cash and put it on the credit card bills or HECS debt, but if you have staked tokens, or your lending your bitcoin for a decent return then that return could easily be spend on paying off a bill you have.
 
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