Anyone else mining Pi?

[Cooke 2,029]

10 minutes ago, jehurey said:

then why were you even attempting to bring up the subject of retirement when talking about crypto.

 

......only to immediately agree that its not a viable retirement strategy?

 

nice retraction.

Because it can help. Just like investing in the stock market can be risky, know what you're doing and don't be foolish. Buy low, sell when you make money and buy low again. Just takes discipline and restraint. 

[jehurey 3,231]

2 minutes ago, Cooke said:

Because it can help. Just like investing in the stock market can be risky, know what you're doing and don't be foolish. Buy low, sell when you make money and buy low again. Just takes discipline and restraint. 

sure, like buying lottery tickets can, theoretically, help.

 

LOL buy low?, when did you first purchase ADA?

 

Because if you didn't do it before this year..............YOU didn't buy it low.

[Cooke 2,029]

2 minutes ago, jehurey said:

sure, like buying lottery tickets can, theoretically, help.

 

LOL buy low?, when did you first purchase ADA?

 

Because if you didn't do it before this year..............YOU didn't buy it low.

I bought it at 1.72 CAD, it's now at 2.35. it's projected to go to 5.50 by the end of the year.  That's a 300% return in less than a year on a platform that isn't junk and has the fundamentals to succeed. 

Edited May 14, 2021 by Cooke

[jehurey 3,231]

Just now, Cooke said:

I bought it at 1.72 CAD, it's now at 2.35. it's projected to go to 5.50 by the end of the year.  That's a 300% return in less than a year on a platform that isn't junk and has the fundamentals to succeed. 

it was at 40 cents at the end of January.

 

and you think its "fundamentally" sound for the future

 

this is hilarious to see somebody type this with genuine optimism.

 

 

[Cooke 2,029]

3 minutes ago, jehurey said:

it was at 40 cents at the end of January.

 

and you think its "fundamentally" sound for the future

 

this is hilarious to see somebody type this with genuine optimism.

 

 

Ok bud. You're probably the guy that laughed at people that bought ethereum at 10 bucks. 

Edited May 14, 2021 by Cooke

[Cooke 2,029]

I guess I shouldn't have bought at 1.72 eh? Lol

[Twinblade★ 3,922]

I just dropped $5K into Bitcoin during the dip even though im still losing so much money on NEO. I feel like I made another bad decision.

[-GD-X★ 7,740]

23 minutes ago, Twinblade said:

I just dropped $5K into Bitcoin during the dip even though im still losing so much money on NEO. I feel like I made another bad decision.

Nah, it will bounce back. 

[jehurey 3,231]

Quote

A lot of monkeys lived near a village.

One day a merchant came to the village to buy the monkeys.

He announced that he would buy the monkeys for £100 each.

The villagers thought he was mad.

They thought how can somebody buy stray monkeys for £100 each?

Still, some people caught a few monkeys and gave them to the merchant and he gave them £100 for each monkey.

This news spread like wildfire and more people caught more monkeys to sell to the merchant.

After a few days, the merchant announced that he would buy monkeys for £200 each.

Even the lazy villagers now ran around to catch the remaining monkeys and sold them for £200 each.

Then the merchant announced that he will buy monkeys for £500 each.

The villagers started to lose sleep! They caught six or seven monkeys, which was all that was left, and got £500 for each one.

The villagers were waiting anxiously for the next announcement.

Then the merchant said he was going home for a week and when he returned he would buy monkeys for £1,000 each.

He asked his employee to take care of the monkeys he bought.

The merchant went home and the villagers were very sad as there were no more monkeys left for them to sell at £1,000 each.

Then the employee told them he will secretly sell them monkeys for £700 each.

This news spread like wildfire. Since the merchant will buy monkeys for £1,000 each, there is a £300 profit for each monkey.

The next day the villagers made a queue near the monkey cage.

The employee sold all the monkeys for £700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys.

The villagers took care of the monkeys and waited for the merchant to return.

But nobody came.

They ran to the employee.

But he had already left too.

The villagers then realised that they had bought the useless stray monkeys for £700 each and were unable to sell them.

Which all sounds very similar to Bitcoin. If the price goes up what can you do with Bitcoins other than sell them to someone else who thinks they will go up in price even more? And what do you do with your Bitcoins when they fall in value…?

I don’t know, but just like the villagers trading monkeys, Bitcoin will bankrupt a lot of people and make a few people filthy rich.

 

[Mr. House 3,371]

15 hours ago, jehurey said:

 

Is that really an issue though? Not very different from investing in stocks. You're always taking a risk, hoping the value goes up and not down. It's just a matter of selling at the right time.

[Cooke 2,029]

14 minutes ago, Ramza said:

Is that really an issue though? Not very different from investing in stocks. You're always taking a risk, hoping the value goes up and not down. It's just a matter of selling at the right time.

It's exactly like investing in the stock market except it's much more volatile. Cryptos trade 24 hours a day 7 days a week, you can lose it all while you sleep.. or use that opportunity to double down and buy more. It always tanks and rebounds higher than before if the trends from the last 5 years continue . 

[jehurey 3,231]

2 hours ago, Ramza said:

Is that really an issue though? Not very different from investing in stocks. You're always taking a risk, hoping the value goes up and not down. It's just a matter of selling at the right time.

That's a very bad take, its no surprise that Cooke attempted to agree with it.

 

A stock is a stock.

 

This is currency we are talking about. Its not a stock.

 

At best, you could compare it to a Penny Stock, in other words, junk stocks that don't qualify to be traded on major stock exchanges.

 

Even more ridiculous is the fact that, you can't guarantee that somebody isn't going to create ANOTHER crypto currency, out of nowhere, and all of a sudden that crypto gets hyped, and people start rushing to that one causing the crypto that you are holding to drop.

 

How are you going to guarantee that the number of crypto currencies won't QUADRUPLE at this time next year? This has "deflation" written all over it.

[Cooke 2,029]

1 hour ago, jehurey said:

That's a very bad take, its no surprise that Cooke attempted to agree with it.

 

A stock is a stock.

 

This is currency we are talking about. Its not a stock.

 

At best, you could compare it to a Penny Stock, in other words, junk stocks that don't qualify to be traded on major stock exchanges.

 

Even more ridiculous is the fact that, you can't guarantee that somebody isn't going to create ANOTHER crypto currency, out of nowhere, and all of a sudden that crypto gets hyped, and people start rushing to that one causing the crypto that you are holding to drop.

 

How are you going to guarantee that the number of crypto currencies won't QUADRUPLE at this time next year? This has "deflation" written all over it.

And a penny stock is a stock doofus. There are zero guarantees in stocks or cryptos. 

How are you gonna guarantee the stocks you own continue to rise? You can't . It's the risk you take for the reward. 

[54212 432]

1 hour ago, jehurey said:

That's a very bad take, its no surprise that Cooke attempted to agree with it.

 

You and the guy who came up with the monkey story are retards. He's describing a pump-and-dump scheme, not a criticism of fiat currency, or fiat currency that lacks fungibility. Did you get this from /progtards? 

 

19 hours ago, jehurey said:

Then the employee told them he will secretly sell them monkeys for £700 each.

 

The investors aren't being taken a ride for investing in pounds / a currency. They're being taken a ride by investing in an good whose value has been falsely inflated.

 

"Secretly." LOL you're so fucking dumb.

 

 

 

Edited May 24, 2021 by Saucer

[jehurey 3,231]

33 minutes ago, Saucer said:

 

You and the guy who came up with the monkey story are retards. He's describing a pump-and-dump scheme, not a criticism of fiat currency, or fiat currency that lacks fungibility. Did you get this from /progtards? 

 

 

The investors aren't being taken a ride for investing in pounds / a currency. They're being taken a ride by investing in an good whose value has been falsely inflated.

 

"Secretly." LOL you're so fucking dumb.

 

 

 

LOL why are you even talking about fiat currency in this thread?

 

Is crypto currency currently backed by a nation-government?

 

The monkey story specifically came from a website talking about crypto. Not about fiat currency.

 

Every crypto stock that you are seeing rise is in the early process of a pump and dump.

 

The END RESULT of crypto is that it HAS TO BE DUMPED in order for people like Cooke to be a winner. You have to hand off the bag of shit to someone else before it deflates.

 

Holy shit, guess who's actually dumb.

Edited May 24, 2021 by jehurey

[54212 432]

6 minutes ago, jehurey said:

LOL why are you even talking about fiat currency in this thread?

 

Because he's talking about pounds, you fool.  That's how dumb his analogy is.

[jehurey 3,231]

42 minutes ago, Cooke said:

And a penny stock is a stock doofus. There are zero guarantees in stocks or cryptos. 

How are you gonna guarantee the stocks you own continue to rise? You can't . It's the risk you take for the reward. 

If it were a quality stock, you would have some guarantee that the company is a complete sham, and have its value tank upon discovering that its a sham. You have a gaurantee of the bottom not dropping out for completely random reasons.

 

They are subject to regulation and oversight, and have to report concrete earnings.

 

That's why I called it a penny stock, which is a junk stock.  It carries the same potential as a lottery ticket.

 

And, wow............I totally didn't know that a Penny Stock was a stock. Thanks for pointing that out to me, that was a really clever response.

[jehurey 3,231]

2 minutes ago, Saucer said:

 

Because he's talking about pounds, you fool.  That's how dumb his analogy is.

No, because the moral of the story is the value of monkeys.

 

Cooke isn't talking about crypto in this thread because his goal is to cash out on crypto, right?

 

His goal is to cash out with.........................what not??????????? Regular currency.

 

You know you fucked up, right?

 

Please don't waste your time pretending that the analogy was about the british pound. its not going to work.

Edited May 25, 2021 by jehurey

[jehurey 3,231]

Quote

Which all sounds very similar to Bitcoin. If the price goes up what can you do with Bitcoins other than sell them to someone else who thinks they will go up in price even more? And what do you do with your Bitcoins when they fall in value…?

 

I don’t know, but just like the villagers trading monkeys, Bitcoin will bankrupt a lot of people and make a few people filthy rich.

[Saucer]: LOL, what a dumb analogy about fiat currency!

 

[54212 432]

Just now, jehurey said:

No, because who moral of the story is the value of monkees.

 

It's a pump-and-dumb scheme. Total shit analogy and you thought it was clever LOL