Is cryptocurrency the greatest market bubble of all time?
- Thread starter greggles
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adopting bitcoin to battle inflation eh ?
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The cost of a mulch delivery in Cooroy Qld has jumped $30 to $35 this month.
This is the AUD fighting inflation then $4.5 to $5 coffee cup?
Value Collector
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This article came from an ad that appeared right hear on Aussie stock forums, it’s another example of a scammer trying to use a celebrity to entice people into their scam.What a load of rubbish. So somehow we are supposed to believe that 30-40% of Australians are planning/thinking about giving friends cryptocurrency as a Christmas present ?
Or perhaps this is just a "seeding" exercise where some ethicless marketing smarty pants decides to put out a marketing stunt in the hope that they can rope in a some more players.
For example why not just give 10,000 people 100 tokens of a brand new coin and then when they are floated boost the price from 20c each to $1 and make them feel like they have won a jackpot. Why they might even buy another 100 at a $1 to boost their winnings.
This is just one giant shell game.
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it’s funny how they always seem to use the project, every version of this scam always says a different celebrity was on the project talking about Bitcoin, and that someone is threatening to sue them.
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This article came from an ad that appeared right hear on Aussie stock forums, it’s another example of a scammer trying to use a celebrity to entice people into their scam.
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it’s funny how they always seem to use the project, every version of this scam always says a different celebrity was on the project talking about Bitcoin, and that someone is threatening to sue them.
I have blocked the same ad (or variations of it) numerous time and each time I have reported it to Google. But without fail new versions of the ad on new domain names continue to appear. I don't even know if the ones I blocked and reported were suspended or whether the scammers just keep changing domain names as a matter of course. I have seen the same ads appear on a number of large traffic corporate news websites. It seems that nothing (or at the least very little) is ever done to stop it at its origin. This one has also now been blocked, but I am sure it will reappear soon enough on a new domain name.
Value Collector
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Yep, I have also seen variations of it on many other sites including News sites, it’s every where it’s always the same thing just slight details about the celebrity get changed, I also have had several friends and family forward me the articles asking me if it’s a good investment, which is scary that they get fooled/excited so easily by this crap.
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ahh when people say crypto is investment. Stop right there
and then what? suddenly takes off
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I think, everything is up, go and do shopping and it is crazy akg tomatoes at aldi at $7...and we are here in full season in qld...
so obviously wages earners will ask pay increase, and they can: plenty of work available around..so employers will have to give more...and so bill more
inflation surge for at least a few years is on IMHO..not that I am happy with that
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These two points are themselves screaming "bubble".
When any financial asset becomes mainstream to the point that it's attracting this sort of activity, that of itself is a big warning sign in my view. Such activity occurs near the top not the bottom.
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These two points are themselves screaming "bubble".
When any financial asset becomes mainstream to the point that it's attracting this sort of activity, that of itself is a big warning sign in my view. Such activity occurs near the top not the bottom.
I was reading on another forum 1 guy saying his realistic target is 400k per bitcoin and already has a list of things he will buy. Mass delusion -> add to the bubble list
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another crap of the craps to the list, how is it stock forums can face legal action for giving advice but news.com.au blatantly spruking crap
My fav quote
Does she sell roulette systems too?
www.news.com.au
My fav quote
Does she sell roulette systems too?
Mum quits job after lucky investment
A mum who quit her job and invested a $5500 paycheck in cryptocurrency now claims she rakes in as much as $110,000 every trade.
www.news.com.au
"Although Ms Gentry first heard about bitcoin in 2009, she never considered it as a serious investment opportunity."
Never has been, it's a speculative investment opportunity.
"But the 2020 crash in the mainstream market changed her opinion because she saw how it impacted people"
The impending crash in the crypto market will no doubt change her opinion again.
Articles recklessly pumping crypto speculation like this are a sign it's time to exit this market.
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another crap of the craps to the list, how is it stock forums can face legal action for giving advice but news.com.au blatantly spruking crap
My fav quote
Does she sell roulette systems too?
Mum quits job after lucky investment
A mum who quit her job and invested a $5500 paycheck in cryptocurrency now claims she rakes in as much as $110,000 every trade.
Would you like to buy a bridge with that as a side ?
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Indeed and especially when it's in such an extremely mainstream media outlet as this one.
I hold some cryptos from back when i bought a small amount in 2017. But I still don't know what the "product" or growth potential is.
Can someone explain to me what the product is? I hear Ethereum provides a platform for other coins. I hear some are more secure / anonymous than others. Some act as "shares" and profit share. But these self-fulfilling.
If someone can explain how a coin like Bitcoin can generate value for its holders other than "being rare" or "high in demand" or an "alternate store of value" I'd be keen to add to my crypto holdings.
Can someone explain to me what the product is? I hear Ethereum provides a platform for other coins. I hear some are more secure / anonymous than others. Some act as "shares" and profit share. But these self-fulfilling.
If someone can explain how a coin like Bitcoin can generate value for its holders other than "being rare" or "high in demand" or an "alternate store of value" I'd be keen to add to my crypto holdings.
Got this from an analyst I follow today...
The whole crypto market is a casino and is unlikely to ever be a "serious financial market".
| Ethereum $US |
| I often get asked what MM’s feelings are towards the crypto space and I’m always guarded with answers due to my level of understanding and at times disbelief in this new asset class, a perfect case in point has unfolded over the last week as the little known digital token with the name Omicron, which has just over 1000 followers, rose almost 10x before proceeding to tumble by 75% – when a financial instrument can move like this on pure name association it still feels more like a casino as opposed to a serious financial market. |
The whole crypto market is a casino and is unlikely to ever be a "serious financial market".
It's a casino that's paying though. One of the dumbest guys I know was ranting how he made money in crypto. Was deadset sprouting youtube gossip about how it was going to move.
I have a rule after that last crash. If three guys that have no business trading come and preach to me in a week. Or newbs tell me they are going to "get into crypto". I generally sell off holdings.
I have a rule after that last crash. If three guys that have no business trading come and preach to me in a week. Or newbs tell me they are going to "get into crypto". I generally sell off holdings.
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I haven't read the whole thread, so this may have been mentioned?
Staking.
Some coins can be "staked" and then you earn a per annum percentage or "reward" on the coins staked.
Currently, I have TRON staked on approximately 6% PA rate.
The reward is deposited daily and is compounding.
Apparently, the only risk is the normal risk of price fluctuation of the crypto, and the reward % is subject to variations as well.
Staking the coin was simply a matter of pressing a button... to trade the crypto again, I just unstake it by a press of a button.
Not forgetting underlying risks, the process is amazingly simple, probably supports cryptos in general as I imagine rewards are available probably due to DeFi (decentralised finance) and it would now seem illogical to not have your cryptos staked whilst you are holding them.
Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
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