Investment Opportunities

[jirskyr]

I dont understand why so many are doing a hard sell on it?
Is it the old pump and dump method?

Yes.

Crypto doesn't have any intrinsic value - it's not backed by anything or anyone (by design). The only way crypto makes money is if other people buy into it. If it becomes sufficiently widespread and accepted as a form of payment, then the people who got in earlier will have made a lot more money, off the back of the folks who got in late.

Classic FOMO strategy, with strong aspects of pyramid scheme.

The claim is that as an unregulated currency alternative, crypto can be more "fair" because it is not managed by governments and can be fairly anonymous. But precisely because it is unregulated, it is extremely risky and unprotected. That's the part I never understand - financial systems are dependent on reliability and trust: you put $10 into a bank and it's going to be there next time you want to pull it out. It's not going to suddenly be worth $1 the next day. There are regulations in place to protect consumer confidence.

That does not exist in crypto - nobody will bail you out if the currency crashes to zero (e.g. Terra Luna coin) and nobody can do anything if someone hacks your digital wallet and steals your coins. The only way to explain why anyone would take on that kind of risk and uncertainty is because they accept that they are merely speculating. And speculating on a non-physical product, by definition, requires that large uptake of people agree that the "thing" has value.

I would guess that 99% of folks into crypto are not doing it for the principle of an unregulated currency and emancipation from regulatory oversight, but rather trying to make a quick buck.

 

[Speed2burn]

Mate the prices are good at the moment not as good as 3 weeks ago when we had a good dip or 18 months ago when I purchased a good bag but here we go

Safe bets I do the prices in US dollars it's easier that way

Eth buy today it's $3100 it did 1 billion in trading on its first day of trading ETFS it's blue chip I would sell then it hits 8000K if you just want to be safe but I believe it will do alot more

Next Solana but today at $170 sell at $350 but I believe it will touch $650

Avax today it's $28 sell at $120 it will go to $170

IO.net today at $2.60 sell at $25 but to be honest it could do anything it's such a good project and it's just gold it could hit $75 if the cards fall right

PAAL.AI it's 27 cents today sell at $2.70 but could do so much more

ICP today it's at $9.70 it's an absolute monster last runs all time high was $750 a token it won't hit that and alot people will say it will but I don't believe them I will sell at $75 but with all the new upgrades could hit $150 easy

Parcl today at 21 cent this coin has potential to do a 100X it's has great potential but it's in alot of competition I'm RWA I would sell at $6


I have 50 percent of my money in blue chip and 50 percent risky Business

You think that Link was at around $2 at the start of last run and hit $50 was great if you buy today for $13 sell at $70 but should hit $130


Link is the safest coin alot of banks are getting into partnership with them the NAB and ANZ are on board the bank of England and at last count it was around 40 banks and Larry Fink who runs black Rock has partnered with them as well



I also have alot of Degen coins I like went through there white papers


Also look at pulse chain I bridge over Eth months and months ago and stake it with pulse earning 41 percent interest

Also earning 81 percent interest on my USDT with pulse staking it's paid in INC and it's current price is about $2.80 when the price went up to $8 for the INC I sold it made a killing stupid thing was I put the money back into Crypto


Also Crypto is very dangerous if you go outside of the blue chip coins which I have done and lost a bucket of money hence why I am 50 percent blue chip with my money

I hope that makes sense with what I have said I have the grandkids over and it's battle Royale at the moment trying to type and stop the fighting


Parcl is more risky it's not blue chip

I remember messing around with bitcoin around 10 years ago… think I bought around $50 worth where it netted me about 0.3 of the coin

Completely forgot about it until pretty close to Covid where it was rapid and decided to check my CoinSpot account

I was pretty chuffed when I see that it was valued at 8k. Best forgotten investment of my life lol

 

[twentyforty]

Yes.

Crypto doesn't have any intrinsic value - it's not backed by anything or anyone (by design). The only way crypto makes money is if other people buy into it. If it becomes sufficiently widespread and accepted as a form of payment, then the people who got in earlier will have made a lot more money, off the back of the folks who got in late.

Classic FOMO strategy, with strong aspects of pyramid scheme.

The claim is that as an unregulated currency alternative, crypto can be more "fair" because it is not managed by governments and can be fairly anonymous. But precisely because it is unregulated, it is extremely risky and unprotected. That's the part I never understand - financial systems are dependent on reliability and trust: you put $10 into a bank and it's going to be there next time you want to pull it out. It's not going to suddenly be worth $1 the next day. There are regulations in place to protect consumer confidence.

That does not exist in crypto - nobody will bail you out if the currency crashes to zero (e.g. Terra Luna coin) and nobody can do anything if someone hacks your digital wallet and steals your coins. The only way to explain why anyone would take on that kind of risk and uncertainty is because they accept that they are merely speculating. And speculating on a non-physical product, by definition, requires that large uptake of people agree that the "thing" has value.

I would guess that 99% of folks into crypto are not doing it for the principle of an unregulated currency and emancipation from regulatory oversight, but rather trying to make a quick buck.

I think many of their sales people get paid in cryptocurrency too, which heightens the risk for them, unless they have an alternate income source.
The managers have also been known to split the coin allowing access for more buyers. This can create a dip in the value.
Spoke to a friend recently who invested $80k 2 years ago, he was also selling at that time and has at a few weeks ago about $500k balance.
I’m actually surprised crypto has got legs, but I guess people buy lotto tickets for similar reasons.

 

[Odessa]

Yes.

Crypto doesn't have any intrinsic value - it's not backed by anything or anyone (by design). The only way crypto makes money is if other people buy into it. If it becomes sufficiently widespread and accepted as a form of payment, then the people who got in earlier will have made a lot more money, off the back of the folks who got in late.

Classic FOMO strategy, with strong aspects of pyramid scheme.

The claim is that as an unregulated currency alternative, crypto can be more "fair" because it is not managed by governments and can be fairly anonymous. But precisely because it is unregulated, it is extremely risky and unprotected. That's the part I never understand - financial systems are dependent on reliability and trust: you put $10 into a bank and it's going to be there next time you want to pull it out. It's not going to suddenly be worth $1 the next day. There are regulations in place to protect consumer confidence.

That does not exist in crypto - nobody will bail you out if the currency crashes to zero (e.g. Terra Luna coin) and nobody can do anything if someone hacks your digital wallet and steals your coins. The only way to explain why anyone would take on that kind of risk and uncertainty is because they accept that they are merely speculating. And speculating on a non-physical product, by definition, requires that large uptake of people agree that the "thing" has value.

I would guess that 99% of folks into crypto are not doing it for the principle of an unregulated currency and emancipation from regulatory oversight, but rather trying to make a quick buck.

Alot of great projects that have value you just got to know what your doing

You should learn about aI and computing power and GPU's and what is required over the next 10 years and then go have a look at Flux and it will knock your socks off and it's business model there is a reason why NVIDIA is the biggest company in the world and have big partnerships with crypto companies they know what they are doing

 

[Odessa]

I think many of their sales people get paid in cryptocurrency too, which heightens the risk for them, unless they have an alternate income source.
The managers have also been known to split the coin allowing access for more buyers. This can create a dip in the value.
Spoke to a friend recently who invested $80k 2 years ago, he was also selling at that time and has at a few weeks ago about $500k balance.
I’m actually surprised crypto has got legs, but I guess people buy lotto tickets for similar reasons.

Crypto is awesome

My first few trades I made heaps of money 4 years ago and lost it I also put 10K US in a project that went down to $20 that hurt big time mostly my ego expensive education

Now mostly blue chip coins I was smart enough to buy Solana at just under $10 about two years ago and it's now around $170 a coin I wish I purchased more

Only problem is I promised myself to sell it all when it did a 10X and I still haven't is it greed stupidity or being smart I hope it's being smart I am up x17 times my money

Another I am onto is at a 3 million dollar market cap if it gets on a run could do a 1000X the three guys running it are top guys from Microsoft and Amazon

It's a clone of ICP and a brand new token
ICP's market cap is almost 5 billion and will peak at around 25 billion this run

Last run I also got into Gala Games at under a cent and sold it at 81 cent

Crypto mostly player VS player just crazy

And the best trade of all time is in the last crypto run a guy turned 5K into 3 Billion now that's winning Lotto to bad there was not enough liquidity to pull the money out

 

[jirskyr]

And the best trade of all time is in the last crypto run a guy turned 5K into 3 Billion now that's winning Lotto to bad there was not enough liquidity to pull the money out

Something is not really worth 3 Billion if you can't sell it.

That's another problem, if crypto is really a currency replacement or alternative, why is everyone still measuring it in terms of, and trying to convert into, fiat currency?

 

[jirskyr]

Alot of great projects that have value you just got to know what your doing

You should learn about aI and computing power and GPU's and what is required over the next 10 years and then go have a look at Flux and it will knock your socks off and it's business model there is a reason why NVIDIA is the biggest company in the world and have big partnerships with crypto companies they know what they are doing

nvidia makes money because they actually sell products, and people are piling on their future POTENTIAL for making products that would support an AI revolution. The company has been around for ages but they got good at guessing where their services would be needed in future and have become industry-leading.

So if you buy shares in a company that is projecting to sell more STUFF in the future, then it's generally a good and understandable investment.

Crypto companies don't make stuff, at best they sell services related to managing crypto.

Your first sentence is a Truism - of course if you know your stuff you can get in early on lucrative projects. Anyone who got in on Microsoft or Google or Apple or nvidia or Telstra or BHP or Tesla early will be having a good time.

 

[Odessa]

nvidia makes money because they actually sell products, and people are piling on their future POTENTIAL for making products that would support an AI revolution. The company has been around for ages but they got good at guessing where their services would be needed in future and have become industry-leading.

So if you buy shares in a company that is projecting to sell more STUFF in the future, then it's generally a good and understandable investment.

Crypto companies don't make stuff, at best they sell services related to managing crypto.

Your first sentence is a Truism - of course if you know your stuff you can get in early on lucrative projects. Anyone who got in on Microsoft or Google or Apple or nvidia or Telstra or BHP or Tesla early will be having a good time.

I have also gotten into Aethir computing and GPU'S


But they are bringing out Aethir Phone and Laptop which is programs that run on you hardware and upgrades them

Say you have a old laptop Aethir computing runs on-top of your system to upgrade it's running with the help of cloud computing you can have the fastest computer and the most amount of ram you ever need why buy a new computer all for a couple of bucks a month

 

[AmericanHistoryX]

 

[pawsandclaws1]

I am having a beer tonight. I sold our last investment property which ends over a quarter of a century in property investment. We did well with our investments and it is sad the cost of housing to a large extent is making property investment problematic.

 

[Mighty_Tiger]

I am having a beer tonight. I sold our last investment property which ends over a quarter of a century in property investment. We did well with our investments and it is sad the cost of housing to a large extent is making property investment problematic.

Enjoy the beer and congrats on the final sale.
It is problematic right now especially in some states with the land tax multiplier etc.

 

[tiger05premier]

I am having a beer tonight. I sold our last investment property which ends over a quarter of a century in property investment. We did well with our investments and it is sad the cost of housing to a large extent is making property investment problematic.

Nice work mate

What did you do with the profits?

Put them into shares, ETF's or just a bank account?

 

[pawsandclaws1]

Nice work mate

What did you do with the profits?

Put them into shares, ETF's or just a bank account?

I am going to buy one of these to enjoy. I had two when I was much younger but can't seem to get rid of the obsession. The remainder is for my sons.

 

[tiger05premier]

I am going to buy one of these to enjoy. I had two when I was much younger but can't seem to get rid of the obsession. The remainder is for my sons.

Awesome

Enjoy

It's what life is all about

Working hard investing living your dreams and passing on a legacy

 

[Halbrowne61]

I am having a beer tonight. I sold our last investment property which ends over a quarter of a century in property investment. We did well with our investments and it is sad the cost of housing to a large extent is making property investment problematic.

Wise move imo. It may well be time for future governments to make it even harder on property investors so as to increase the amount of properties on the market . Only question then is where do renters go if their property is sold . Bit of a catch 22.

 

[Lauren]

I am having a beer tonight. I sold our last investment property which ends over a quarter of a century in property investment. We did well with our investments and it is sad the cost of housing to a large extent is making property investment problematic.

Well done and congrats 🎉 That's quite a big achievement. Best wishes for the new chapter ahead🙏

 

[supercoach]

Future and present governments have to start having a serious look at things like negative gearing and franking credits. I presently benefit from them but if you want your grandchildren to be able to buy a house and you want more social housing available something has to be done.

My big fear is the government will try other measures like wealth and death taxes

 

[Merlot]

I am going to buy one of these to enjoy. I had two when I was much younger but can't seem to get rid of the obsession. The remainder is for my sons.

Rotary engine? we used to thrash some of these in the day . Bobbin Head rd Mt Colah side n the old hwy at Berowra. my mate got the engine out of the old Darrel Lea car,yet could never tune it properly. drive safe paws

 

[Odessa]

As the Crypto market really starts today for this coming run I hope you are all set to profit basically the last chance to get good prices are now

 

[coivtny]

As the Crypto market really starts today for this coming run I hope you are all set to profit basically the last chance to get good prices are now

Can't get my head around crypto but do you have a couple of buying tips.