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Old 01-10-2022, 03:35 PM   #1941
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NFT's are our generation's beanie babies, but somehow dumber
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Old 01-10-2022, 04:01 PM   #1942
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NFT's are our generation's beanie babies, but somehow dumber
I remember as a teenager several fights breaking out over beanie babies in the McDonald's lobby when I was working their... It was really dumb... So while the current usage of NFTs are total scams, they aren't quite beanie baby dumb imo.
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Old 01-10-2022, 04:26 PM   #1943
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I remember as a teenager several fights breaking out over beanie babies in the McDonald's lobby when I was working their... It was really dumb... So while the current usage of NFTs are total scams, they aren't quite beanie baby dumb imo.
Just wait, I bet it doesn't take long until we see someone getting shot or killed over some kind of NFT dispute. And at least beanie babies were a physical product, and limited to the dolls themselves. Everything seems to be getting infected by NFT's right now, it's impossible to avoid seeing them regardless of what interests you have
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Old 01-10-2022, 10:59 PM   #1944
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Thanks for sharing that Fuzz, good read, lots in there to digest.

I think the "decentralized" part of all of this is becoming mythology. There's always attachments to things like Opensea's API as that article references.

Once Meta and/or other large corporations take control of the space, things will become even more centralized.
Since they already have data on everyone, this will really be the most centralized world ever.
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Old 01-11-2022, 12:16 PM   #1945
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I didn't realize when I read it, but it was written by the guy who started Signal, so he knows what's what. It's definitely not as decentralized as we are led to believe. At least not practically.
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Old 01-14-2022, 01:28 AM   #1946
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Tesla started accepting Dogecoin today as payment for some merchandise, Doge prices shooting up again.

Will be interesting to see if Elon takes this further into actual car purchases or more serious parts/accessories.
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Old 01-17-2022, 01:04 PM   #1947
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I look forward to NFT's being made of the the world's museums. And then them all being burned down on purpose.

/s

https://twitter.com/user/status/1483023192650301444

https://twitter.com/user/status/1483115497189265410
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Old 01-17-2022, 01:49 PM   #1948
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LOL. The smartest people. I think they are going to become well acquainted with the legal terms "cease and desist". Also, bankruptcy, probably.
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Old 01-22-2022, 03:49 PM   #1949
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Is crypto dead now? Buy the dip?
The drops are insane right now. Bitcoin gains in the past year almost wiped out completely now.
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Old 01-22-2022, 04:57 PM   #1950
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Based on previous crashes, I'd say 25-30k makes sense for a low point.
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Old 01-22-2022, 07:11 PM   #1951
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Is crypto dead now? Buy the dip?
The drops are insane right now. Bitcoin gains in the past year almost wiped out completely now.
All crypto isn’t dead but gains back to previous levels and beyond will only be on specific cases. Crypto with use cases. BTC will never reach previous highs again as money will shift to other areas.
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Old 01-23-2022, 09:55 AM   #1952
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All crypto isn’t dead but gains back to previous levels and beyond will only be on specific cases. Crypto with use cases. BTC will never reach previous highs again as money will shift to other areas.
“Never” lol
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Old 01-23-2022, 02:32 PM   #1953
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“Never” lol
Why would it?
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Old 01-23-2022, 04:26 PM   #1954
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I think the future of BTC now depends on institutional buy in.
Quite ironic since it was all about decentralization and avoiding the big man in the first place.

Now it will have a strong future if it gets adoption by more investment firms, ETFs, banks, credit card companies and avoids regulators killing it.
It has reached a peak point in the funny money investment, and now needs mainstream to push it further as a store of wealth with no actual use.
More have to accept it as that for it to keep going.
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Old 01-23-2022, 06:11 PM   #1955
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Folding Idea’s new video on NFTs is very informative. Some of it might be too basic for you nerds but you can skip those chapters.

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Old 01-23-2022, 06:32 PM   #1956
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Is crypto dead now? Buy the dip?
The drops are insane right now. Bitcoin gains in the past year almost wiped out completely now.
I have made no secret of my complete incomprehension of why anyone would think crypto has any future at all other than its inflation due to no better reason than people thinking it will go up, that said if I was investing in crypto my chief worry would be that it loses its flavour of the moment position and dies not with a bang but a whimper, eventually it just gets old fashioned tired and boring and people move on to the next shiny new thing (NFT's apparently).

At that point crypto's basic lack of a function compared to a standard currency or other investment is likely to become it's death sentence rather than it just devaluing as I expect my house to do in the next year or so, my house will always be a place to live, rent out etc so while it may lose 50% of its value (I'm in Vancouver so quite likely) it does have inherent utility that gives it value.

Anyway that said 'get off my lawn you little crypto investing bastards!!!'
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Old 01-24-2022, 01:39 PM   #1957
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just a reminder the demise of crypto has been predicted about 30x in this thread now
$1300 peak bubble

The entire market is RED right now...could be for a while

high inflation and no money to be made in the market, what to do?
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Old 01-24-2022, 02:36 PM   #1958
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just a reminder the demise of crypto has been predicted about 30x in this thread now
$1300 peak bubble

The entire market is RED right now...could be for a while

high inflation and no money to be made in the market, what to do?
As this threads official cranky old bastard I should remind you that the Beenie Baby investing craze started in 1992 and crashed utterly in 1999, that's around 2 years longer than this thread has been around and is typical for a bubble to start, grow and then crash.

I don't know if this is the begining of the end for crypto but if it is the timing is pretty much in line with every other bubble we have seen and we will look back on it and think 'yep, about a ten year lifespan with a peak frenzy of 3 or 4 years followed by a terminal crash'
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Old 01-24-2022, 02:41 PM   #1959
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just a reminder the demise of crypto has been predicted about 30x in this thread now
$1300 peak bubble

The entire market is RED right now...could be for a while

high inflation and no money to be made in the market, what to do?
30 times by AFC Wimbledon
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Old 01-24-2022, 02:43 PM   #1960
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Originally Posted by afc wimbledon View Post
I have made no secret of my complete incomprehension of why anyone would think crypto has any future at all other than its inflation due to no better reason than people thinking it will go up, that said if I was investing in crypto my chief worry would be that it loses its flavour of the moment position and dies not with a bang but a whimper, eventually it just gets old fashioned tired and boring and people move on to the next shiny new thing (NFT's apparently).



At that point crypto's basic lack of a function compared to a standard currency or other investment is likely to become it's death sentence rather than it just devaluing as I expect my house to do in the next year or so, my house will always be a place to live, rent out etc so while it may lose 50% of its value (I'm in Vancouver so quite likely) it does have inherent utility that gives it value.



Anyway that said 'get off my lawn you little crypto investing bastards!!!'
While I disagree with you I do appreciate your thoughtful perspective
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