discuss 10x Your Money In Domains Or Crypto Currency?

[Silentptnr]

A lot of domain investors also invest in crypto currency it seems as of late. I usually feel pretty confident that a domain I carefully acquire today will be a 10x+ my investment including holding time. If say, I were to buy bitcoin today, is it feasible that i would get 10x my money?

 

[xynames]

Thinking about it. At 100K.

 

[Jv1999]

Thinking about it. At 100K.

but u said you might sail at 50k :P

 

[eyedomainous]

10x my money in domains, please! I'll pass on the illusion of wealth from the currency of ecocide.

Beyond the energy ecocide, where 1 bitcoin transaction = 436,000 Visa transactions, there is a list of things that trouble me about crypto currencies. But the thing that concerns me the most is they lack the muscle to protect the value of their currencies.

Let's be honest. The dollar is King because Uncle Sam has the biggest military.

So... either every major gov and corp source code has been hacked in the last decade EXCEPT the open source Bitcoin code, OR, cryptos' have been hacked to 'print money' off-ledger and the crypto gov-corps look the other way... because they lack the muscle to do anything about nation-state hackers.

Nor would the crypto gov-corps likely want to catch such hacks because the gig would be up... and crypto mining is CENTRALIZED in Russia and China.

 

[xynames]

Next leg up $55K. C’est evident!

 

[Jv1999]

10x my money in domains, please! I'll pass on the illusion of wealth from the currency of ecocide.

Beyond the energy ecocide, where 1 bitcoin transaction = 436,000 Visa transactions, there is a list of things that trouble me about crypto currencies. But the thing that concerns me the most is they lack the muscle to protect the value of their currencies.

Let's be honest. The dollar is King because Uncle Sam has the biggest military.

So... either every major gov and corp source code has been hacked in the last decade EXCEPT the open source Bitcoin code, OR, cryptos' have been hacked to 'print money' off-ledger and the crypto gov-corps look the other way... because they lack the muscle to do anything about nation-state hackers.

Nor would the crypto gov-corps likely want to catch such hacks because the gig would be up... and crypto mining is CENTRALIZED in Russia and China.

Explain this off-ledger printing please... the whole point of the blockchain is to stop such things lol due to decentralized ledgering.

If the dollar were so powerful, then why are we in debt to China?

I understand the dollar is tied to every currency and holds up the value of lots of currencies.

But Bitcoin's value is intrinsic. The fact that you can't really regulate it unless they go after BTC mining itself by banning it at the ISP level. It's instant gold without any fear of "chargeback." It's paper money except on the internet. Actual funds.

True, the price fluctuations are not allowing it to be used as money... but you can still use it for an instant exchange -- buy then transfer then recipient sells it real fast. Doing that mitigates any significant price fluctuation in value.

 

[xynames]

Next leg up $55K. C’est evident!

As advertised!

 

[SirDrago]

As advertised!

Right behind that...

 

[lambo.com]

10x my money in domains, please! I'll pass on the illusion of wealth from the currency of ecocide.

Beyond the energy ecocide, where 1 bitcoin transaction = 436,000 Visa transactions, there is a list of things that trouble me about crypto currencies. But the thing that concerns me the most is they lack the muscle to protect the value of their currencies.

Let's be honest. The dollar is King because Uncle Sam has the biggest military.

So... either every major gov and corp source code has been hacked in the last decade EXCEPT the open source Bitcoin code, OR, cryptos' have been hacked to 'print money' off-ledger and the crypto gov-corps look the other way... because they lack the muscle to do anything about nation-state hackers.

Nor would the crypto gov-corps likely want to catch such hacks because the gig would be up... and crypto mining is CENTRALIZED in Russia and China.

Did someone say Crypto Corp?

 

[Jv1999]

Btc is now 56k... kind of full circle with 56k internet in 1999...

I bought an alt and sold it and made $350ish on that pump to 56

 

[OnlineDomainShop]

Did someone say Crypto Corp?

Its a good thing to put good names with BTC bin

 

[eyedomainous]

Explain this off-ledger printing please... the whole point of the blockchain is to stop such things lol due to decentralized ledgering.

Not going to go deep into-the-woods of crypto. My point is, like any currency, its not hacker-proof and, unlike other currencies, it lacks the ability to even recover what has been stolen. The last I checked, 25% of the bitcoin 'treasury' has all ready been 'lost' or stolen.

Of course, I'm into digital assets... and love most of what crypto's are doing for the asset class. But I'll wait for the coming quantum collision to shake-out digital currency protocols.

 

[SirDrago]

Let's not forget ETH...

$2,000k soon?

Indeed yes...

 

[SirDrago]

$1,500,000,000,000.00+ market cap hit and surpassed.

 

[Jv1999]

I have no idea what the point of hodling is when as you can see it fell from 58k to 48k...

If you check every halvening price chart historicals, it jumps down and crashes after each pump.

58k was a lot. So why hodl? It doesn't make sense

I sold everything again.

 

[bmugford]

This bullshit with Elon Musk pumping is getting rather old. It is no longer cute or amusing.

How about you work on running a company that can actually make a profit selling cars. They have yet to master that.

Elon Musk's Tweet About Dogecoin Sends Price Up 10% In 30 Minutes Again

 

[Jv1999]

This bullshit with Elon Musk pumping is getting rather old. It is no longer cute or amusing.

How about you work on running a company that can actually make a profit selling cars. They have yet to master that.

Elon Musk's Tweet About Dogecoin Sends Price Up 10% In 30 Minutes Again

Tbh, besides the doge shilling, I love Elon.

He created the new bottom. We're in a locked-in bull run from 32k.

His buy-in was that, so btc can't fall below that price. So even if you get stuck, you can't lose more than 40% or so from now on unless he sells his crypto billions...if he does that, we're entering dark times.

 

[Cooldomainideas]

I'd rather invest in domains. The price is set between 2 people. Crypto? Not so much.

 

[Kris88]

The thing i don't get about crypto, as popular as it is, and i know it will; eventually have real world value once amazon, eBay, target etc start accepting it in the future, but it dosent really seem to have much real world purpose at the moment, people seem to just be buying to resell for actual currency

 

[xynames]

I have no idea what the point of hodling is

Where is the top? Was it at 1000. I was hodling before then. 3000? 6000? 19000? 50000?

How about a million.

 

[Jv1999]

Where is the top? Was it at 1000. I was hodling before then. 3000? 6000? 19000? 50000?

How about a million.

There is no discernible top, but when it had quickly hit 58k, it was reasonable that it would crash.

It's still crashing, bought back in via Eth at $1539... but before i could cancel my buy order it fell even more, now eith is at $1518...

This reminds me of 2017 when people thought it would go higher, but it only did a few dead cat bounces until it finally turned 2018. Hopefully it's not the case.

 

[SirDrago]

There is no discernible top, but when it had quickly hit 58k, it was reasonable that it would crash.

It's still crashing, bought back in via Eth at $1539... but before i could cancel my buy order it fell even more, now eith is at $1518...

This reminds me of 2017 when people thought it would go higher, but it only did a few dead cat bounces until it finally turned 2018. Hopefully it's not the case.

HODL your ETH
It will be over 2k next week or 2 after stimulus checks go out.

 

[Jv1999]

HODL your ETH
It will be over 2k next week or 2 after stimulus checks go out.

The stimulus makes everything go up :D never failed to not pump crypto.

There's something else that went up that I didn't know until today...

...when people bought gfx cards in dec, they were around 70 to 80% cheaper than they are now... USED.

That means that you can also trade in GFX cards when you know difficulty is going to rise significantly (halvening).

 

[xynames]

I have no idea what the point of hodling is when as you can see it fell from 58k to 48k...

If you check every halvening price chart historicals, it jumps down and crashes after each pump.

58k was a lot. So why hodl? It doesn’t make sense.
I sold everything again.

Where is the top? Was it at 1000. I was hodling before then. 3000? 6000? 19000? 50000?

How about a million.

Still don’t see the point? You sold about 10K too low - if you’d only held on....

Jumping in and out you might scrape some pennies all the time missing out on the dollars. Trading like that you might also flat out lose.

 

[Alop]

The thing i don't get about crypto, as popular as it is, and i know it will; eventually have real world value once amazon, eBay, target etc start accepting it in the future, but it dosent really seem to have much real world purpose at the moment, people seem to just be buying to resell for actual currency

What ? It certainly has a real world value when the price tag is 50k United States Dollars

 

[Cooldomainideas]

What ? It certainly has a real world value when the price tag is 50k United States Dollars

I believe what he's saying is bitcoin is moreso like a collectors item at an auction. If no one cared about it, the price wouldn't be as much. Food on the other hand, is neccesary for survival, so it will always be a necccesity.