NameSilo

10x Your Money In Domains Or Crypto Currency?

Labeled as discuss in General Domain Discussion, started by Silentptnr, Nov 28, 2017

Replies:
2,143
Views:
128,607

  1. xynames

    xynames XYNames.com PRO VIP

    Posts:
    4,530
    Likes Received:
    10,921
    People who hold no Bitcoin are the ones who (incorrectly) assume that it’ll go down hard. They also (incorrectly) assume that it has no future.

    (Some) people have been putting down Bitcoin for many years. Luckily I never listened to them.
     
    Last edited: Jun 14, 2021
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Magul

    Magul Top Contributor VIP ★★★★★★★★★★

    Posts:
    2,380
    Likes Received:
    1,106
    When it goes to zero, it will be called BitCon, Not BitCoin
     
  3. SirDrago

    SirDrago NAME JEDI VIP ★★★★★★★★★★

    Posts:
    4,548
    Likes Received:
    9,744
    You need to open the PM's between you and I from March. If you would've listened to that 1% trying to teach you instead of trying to be click happy newb you wouldn't be in the poor house.
    Sorry be be direct but the ONLY person you have to blame is yourself.
     
  4. MasterOfMyDomains

    MasterOfMyDomains Top Contributor VIP ★★★★★★★★★★

    Posts:
    5,047
    Likes Received:
    5,615
    I should have listened, had years head start on you alcy
    Edit: only me to blame
     
    Last edited: Jun 14, 2021
  5. Magul

    Magul Top Contributor VIP ★★★★★★★★★★

    Posts:
    2,380
    Likes Received:
    1,106
    Why did not you buy eDinar?
     
  6. SirDrago

    SirDrago NAME JEDI VIP ★★★★★★★★★★

    Posts:
    4,548
    Likes Received:
    9,744
  7. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

    Posts:
    13,383
    Likes Received:
    23,985
  8. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

    Posts:
    13,383
    Likes Received:
    23,985
    Last edited: Jun 16, 2021
  9. Jv1999

    Jv1999 Wander Aimlessly: Redeemed Knight of the Exo-Tower VIP

    Posts:
    3,072
    Likes Received:
    3,135
    I think we put too much faith in this one software... which is what btc really is.

    It's probably not going to go to zero but will fall to something below $1k. Why?

    Because each block contains the previous blocks. As soon as every person who wants to use bitcoin is required to have a 2 tb hard drive just to download the previous 2008 to 2022 blocks... it becomes dumb.

    You'll have a legit hard drive that's storing nothing but copies upon copies of inactive blocks
     
  10. the_poet

    the_poet Top Contributor VIP ★★★★★★★★★★

    Posts:
    5,459
    Likes Received:
    764
    You don't have to download the entire blockchain to send/receive Bitcoin, you can use wallets like Electrum that don't need to download anything.
     
    Last edited: Jun 16, 2021
  11. The Durfer

    The Durfer Top Contributor VIP Gold Account

    Posts:
    10,132
    Likes Received:
    15,042
    is bitcoin mining ecologically sound? I guess if you do it off of solar energy its ok. hmmm. otherwise, it takes what 4x the electricity of a normal appliance to run the mine.

    Make sure you get solar powered crypto not damaging the environment crypto.
     
    Last edited: Jun 16, 2021
  12. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

    Posts:
    1,695
    Likes Received:
    6,005
    Related: you can do all kinds of administrative tricks on paper to make it sound "carbon-neutral" or "carbon-net-neutral", as a great cover up of the underlying problem.

    "Uphold's carbon-neutral take on BTC, aptly known as BitcoinZero (BTC0), employs carbon credits to mitigate the amount of carbon produced by a single Bitcoin. It does so by combining real Bitcoin with the retiring of 10 carbon credits — equal to retiring 10 tonnes of CO2 from REDD+ rainforest projects."

    Source: https://www.prnewswire.com/news-rel...carbon-neutral-btc-bitcoinzero-301291322.html
     
    Last edited: Jun 16, 2021
  13. SirDrago

    SirDrago NAME JEDI VIP ★★★★★★★★★★

    Posts:
    4,548
    Likes Received:
    9,744
  14. Silentptnr

    Silentptnr Domains88.com VIP

    Posts:
    16,550
    Likes Received:
    47,670
    My crypto investments are way down right now. :(
     
  15. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

    Posts:
    13,383
    Likes Received:
    23,985
    Everyone is having a great time when everything is going up for no real reason. :)

    Nothing goes up forever. Some of these investments might last, a lot of this crap is going to get washed out.

    Brad
     
  16. Silentptnr

    Silentptnr Domains88.com VIP

    Posts:
    16,550
    Likes Received:
    47,670
    Not even experts anticipated this drop.
     
  17. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

    Posts:
    13,383
    Likes Received:
    23,985
    There is no way to analyze crypto. The valuation is not based on any real fundamentals.

    At peak you had shitcoin after shitcoin popping up daily with multi-billion dollar valuations.

    There might be a few winners. The vast majority imo are just shit trading on greater fool theory.

    Brad
     
  18. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

    Posts:
    13,383
    Likes Received:
    23,985
    The question why did it go down has the same answer as why did it go up. No reason.

    Why was doge worth a fraction of a cent, then 5 cents, then almost 70 cents overnight...then back to 30 cents now 17 cents.

    The only reason it moved is because of Elon Musk. He has certainly lost his credibility in the crypto world.

    A lot of people are learning a valuable lesson.

    They jumped in at peak into an investment they knew nothing about and are taking major losses.

    Brad
     
    Last edited: Jun 22, 2021
  19. Amit V

    Amit V Established Member

    Posts:
    403
    Likes Received:
    799
    Dont worry. It will go up again. Lots of manipulation right now. If you have some spare money use it to buy more. Thats what I am doing. Do dollar cost averaging.
     
    Last edited: Jun 22, 2021
  20. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

    Posts:
    13,383
    Likes Received:
    23,985
    Not all these are created equal. There is a big difference between one with potential staying power and shitcoins.

    The rise of shitcoins is like ICO 2.0. I don't think a world exists where thousands of crypto are valuable.

    Brad
     
    Last edited: Jun 22, 2021
  21. Amit V

    Amit V Established Member

    Posts:
    403
    Likes Received:
    799
    Always invest in coins with good background is my advice.
     
    Last edited: Jun 22, 2021
  22. xynames

    xynames XYNames.com PRO VIP

    Posts:
    4,530
    Likes Received:
    10,921
    BTC only has always been my suggestion.

    I do hold some others like ethereum, litecoin, tether, etc. but the vast majority of my hodlings are BTC.
     
    Last edited: Jun 22, 2021
  23. NLP

    NLP Top Contributor VIP ★★★★★★★★★★

    Posts:
    877
    Likes Received:
    811
    If I fully understood the ins-and-outs of crypto and had the time and emotional fortitude to ride the rollercoaster, I might say crypto. That's easy to say after the significant gains from a few months ago (until this most recent drop).

    As it currently stands, it's too volatile to be an attractive investment for me. I like domains because except for a little administrative work, research, and the thrill of the "chase," it doesn't require too much of my time. And although domain values will vary somewhat depending on the buyer, seller, and the name, I know that even in the worst market conditions, a solid domain isn't going to lose its value practically overnight.

    Don't get me wrong, crypto and NFTs are exciting technology, and are here to stay. I see the value in the "big picture" sense, and I have friends who were smart to get in 5-7 years ago.

    I just prefer to own relevant names than to worry about apes, BTC, and doge. Too many people are wrapped up in fluctuating prices and trying to mine gold - and even though that has certainly been profitable for a lot of people - I prefer to sit on the sidelines, and sell them shovels.
     
    Last edited: Jun 22, 2021
  24. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

    Posts:
    1,695
    Likes Received:
    6,005
    Bitcoin.com has at least the following disclaimer on their website. You should put a (simple) disclaimer with your advice as well. Thanks.

    4. Risks of Digital Assets
    Please note that all transactions involving digital assets such as Bitcoin, Bitcoin Cash, and Ether involve substantial risks. You should therefore carefully consider whether using our Services is suitable for you in light of your financial condition. In considering whether to hold digital assets, you should be aware that the price or value of a digital asset can change rapidly, decrease, and potentially even fall to zero. Past performance is not an indicator of future performance. You acknowledge that we are not responsible for any loss of your digital asset, resulting from theft, loss, or mishandling of private keys outside our control.

    We are not responsible for any digital asset market and we make no representations or warranties concerning the real or perceived value of digital assets as denominated in any quoted currency. Although we may provide historical and/or real-time data regarding the price of digital assets, we make no representations regarding the quality, suitability, truth, usefulness, accuracy, or completeness of such data, and you should not rely on such data for any reason whatsoever. You understand and agree that the value of digital assets can be volatile, and we are not in any way responsible or liable for any losses you may incur by using or transferring digital assets in connection with our Services.

    We do not provide investment advice and any content contained on the Site should not be considered as a substitute for tailored investment advice. The contents of our Site and the Services should not be used as a basis for making investment decisions.
     
  25. Jason Baudendistel

    Jason Baudendistel CEO Wibbets Inc

    Posts:
    285
    Likes Received:
    320
    With all due respect I agree Crypto isn't going anywhere but hard to see Bitcoin yielding a substantial return at it's current market cap. I have a Crypto I believe in but not publicly saying anything until I have a large enough position. Chess. not checkers.
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...