Spring Banter

[TalcottWx]

Tangible assets rule

[BuffaloWeather]

10 hours ago, TauntonBlizzard2013 said:

That made my head want to explode. Some of this stuff is ridiculous. Virtual land lol

You should see what kind of money people pay for virtual items in video games. It will blow your mind. 

[STILL N OF PIKE]

4 minutes ago, BuffaloWeather said:

You should see what kind of money people pay for virtual items in video games. It will blow your mind. 

Give me an idea . Is it just straight revenue for the game maker or can these items be sold from gamer to gamer 

[MJO812]

[STILL N OF PIKE]

10 minutes ago, White Rain said:

These days digital trading cards through a platform like Topps have more value and are easier to trade than traditional cards in hand. Items in MMO video games also hold significant value to the point people can supplement their income on it if they know what they are doing. 

I just tried to buy a pack of Topps NFT trading cards but not surprisingly they are sold out . 4.99$ for a pack of 6

checked out the secondary market the individual cards are traded On , the “epic exclusive “ and “super rare “ designated cards are ...pricey 400-1000$ plus 

[HIPPYVALLEY]

1 hour ago, STILL N OF PIKE said:

I mostly agree with you Scott , it seems absurd 

I think the main thing to understand is it was created (or Morphed) into a income generating endeavor , it’s aligning itself with ethereum , which looks to be the main crypto currency internet payment system of the future and if there is anything at all that makes real money it will have investor interest .

Can you imagine telling your wife you dropped 200K on a estate that is in reality several plots of virtual real estate in “decentraland” and it’s “only” 1500 in monthly mortgage payments . “Look hunny, relax we can visit it right now and I’ll let you design the bathroom ,  flower beds, whatever you like, you can design a young pool guy   “

Most NFT’s and shitcoins will be nothing but a memory and a regret for the many that lost $$ on them.  The majority of the cryptocurrency market is basically casino betting on horses that clueless investors (gamblers) have been told have a shot at placing in the race.

Cryptocurrency’s will certainly be a huge part of the global economy in the not too distant future.  However, It is more than likely that countries will issue their own crypto’s and the token currencies people are betting on right now, will be close to worthless.  The only thing I would invest in are the actual smart Blockchain platforms that have a chance at becoming the globally dominant means of crypto exchange.

Ethereum will probably be the winner and certainly could end up being 10x more than it is now if it gets its fee structure reasonably cheap. 
Formats such as Cardano, Chainlink, Uniswap etc could certainly find their niche.
Cosmos (ATOM) would be the underdog surprise if they can get their platform to where their white papers indicate. Essentially they’re trying to create the Internet of block chains.  
 

Aside from passing fad’s like Dogecoin,  there is a reason that the top 20 cryptocurrency’s are in the top 20.  2/3 of them are platforms that have some potential future use.

[STILL N OF PIKE]

26 minutes ago, HIPPYVALLEY said:

Most NFT’s and shitcoins will be nothing but a memory and a regret for the many that lost $$ on them.  The majority of the cryptocurrency market is basically casino betting on horses that clueless investors (gamblers) have been told have a shot at placing in the race.

Cryptocurrency’s will certainly be a huge part of the global economy in the not too distant future.  However, It is more than likely that countries will issue their own crypto’s and the token currencies people are betting on right now, will be close to worthless.  The only thing I would invest in are the actual smart Blockchain platforms that have a chance at becoming the globally dominant means of crypto exchange.

Ethereum will probably be the winner and certainly could end up being 10x more than it is now if it gets its fee structure reasonably cheap. 
Formats such as Cardano, Chainlink, Uniswap etc could find certainly their niche.
Cosmos (ATOM) would be the underdog surprise if they can get their platform to where their white papers indicate. Essentially they’re trying to create the Internet of block chains.  
 

Aside from passing fad’s like Dogecoin,  there is a reason that the top 20 cryptocurrency’s are in the top 20.  2/3 of them are platforms that have some potential future use.

I didn’t realize exactly how many there were till I saw a tweet by John Hussman that I posted here . I mean you can see the majority are laughable and seem to be designed as so , where as A few appear to be the real deal.

The whole space is full of speculation but the key in my opinion is that once they build Even a TINY bit of legitimacy the potential for profits is nearly unimaginable .
 

You look at the extremely limited supply and it doesn’t take long to figure out that if half of 1% of global funds somehow flow into Ethereum or Bitcoin , the price goes up 10,000% . Bitcoin did 
 

Bitcoin already went from like 8$ to $55,000 in 10 years .....

there are trillions in global funds invested In financial assets ,  and if any crypto  can position them selves as legitimate (semi main stream investment) option..look at bitcoin as an Example of what happens to price when half of 1% of that tsunami flows into a tiny asset class . Ethereum could go to 20,000 in 2 years easily .

Now the 2 biggest risks appear to be a organic market crash or governments seeing crypto as more of a threat to their future digital currencies and banning their use (by tying it to money laundering , terrorism, criminal activity ) which would create a exodus in Demand 

[BuffaloWeather]

51 minutes ago, STILL N OF PIKE said:

Give me an idea . Is it just straight revenue for the game maker or can these items be sold from gamer to gamer 

This is the most expensive item ever sold. In shooting games like counter strike people buy guns/knifes that have skins for hundreds/thousands of dollars. There was a skin for a gun sold in counter strike for $61,000. I just sold an item on steam marketplace for a few hundred that I didn't even know I had a few weeks ago. 

"In real life, you can buy stars and own parts of asteroids, at least if you’ve got enough cash. In the game Entropia, you can own a whole planet. A company named SEE Virtual Worlds showed that when they negotiated a deal to buy the planet Calypso from MindArk Studios. In the end, they got it. The final price? Over 6 MILLION dollars."

[BuffaloWeather]

11 minutes ago, STILL N OF PIKE said:

I didn’t realize exactly how many there were till I saw a tweet by John Hussman that I posted here . I mean you can see the majority are laughable and seem to be designed as so , where as A few appear to be the real deal.

The whole space is full of speculation but the key in my opinion is that once they build Even a TINY bit of legitimacy the potential for profits is nearly unimaginable .
 

You look at the extremely limited supply and it doesn’t take long to figure out that if half of 1% of global funds somehow flow into Ethereum or Bitcoin , the price goes up 10,000% . Bitcoin did 
 

Bitcoin already went from like 8$ to $55,000 in 10 years .....

there are trillions in global funds invested In financial assets ,  and if any crypto  can position them selves as legitimate (semi main stream investment) options ..look at bitcoin as an Example of what happens to price when half of 1% of that tsunami flows into a tiny asset class . Ethereum could go to 20,000 in 2 years easily .

Now the 2 biggest risks appear to be a organic market crash or governments seeing crypto as more of a threat to their future digital currencies and banning their use (by tying it to money laundering , terrorism, criminal activity ) which would create a exodus in Demand 

I don't think the government can ban their use, they are far too decentralized. 

[BuffaloWeather]

29 minutes ago, HIPPYVALLEY said:

Most NFT’s and shitcoins will be nothing but a memory and a regret for the many that lost $$ on them.  The majority of the cryptocurrency market is basically casino betting on horses that clueless investors (gamblers) have been told have a shot at placing in the race.

Cryptocurrency’s will certainly be a huge part of the global economy in the not too distant future.  However, It is more than likely that countries will issue their own crypto’s and the token currencies people are betting on right now, will be close to worthless.  The only thing I would invest in are the actual smart Blockchain platforms that have a chance at becoming the globally dominant means of crypto exchange.

Ethereum will probably be the winner and certainly could end up being 10x more than it is now if it gets its fee structure reasonably cheap. 
Formats such as Cardano, Chainlink, Uniswap etc could certainly find their niche.
Cosmos (ATOM) would be the underdog surprise if they can get their platform to where their white papers indicate. Essentially they’re trying to create the Internet of block chains.  
 

Aside from passing fad’s like Dogecoin,  there is a reason that the top 20 cryptocurrency’s are in the top 20.  2/3 of them are platforms that have some potential future use.

My good friend put $20k into XRP. He thinks all banks will be using it for transfers/wires in the not too distant future. He got in at 25 cents, hes made a pretty penny already. 

[ORH_wxman]

35 minutes ago, STILL N OF PIKE said:

I just tried to buy a pack of Topps NFT trading cards but not surprisingly they are sold out . 4.99$ for a pack of 6

checked out the secondary market the individual cards are traded On , the “epic exclusive “ and “super rare “ designated cards are ...pricey 400-1000$ plus 

I used to be obsessed with football cards and baseball cards. I had some older ones from my uncle too...I still have a Wayne Gretzky rookie card. I swear, he bought like 2 packs of hockey cards in his life and one of them happened to be the Gretzky rookie. I still have a ton of football cards from the late 1980s and early 1990s....they aren't valuable as the older stuff, but I did have some pretty good insert cards....I have no idea what they are worth now.

[RUNNAWAYICEBERG]

2 hours ago, CoastalWx said:

I don't get any of that crap. It's like make believe for dorks who live in their parent's basement and never kissed a girl. 

Me neither but I buy in because 20yrs from now when I retire I don’t want to look back at missing an golden opportunity simply because I did not understand it. Like dogecoin is cheap now at $0.30 so I bought 1000 coins. It was a penny not too long ago so I’m already kicking myself for previously fading it because I didn’t understand it. It’s just my play money so why not... 20yrs from now I may be nude with that play money. If it doesn’t pan out, no sweat. I would have blown that money on something stupid anyway.

[Hoth]

Im not sure cryptos really qualify as currencies, or at least efficient ones. High transaction costs, low liquidity, extremely volatile price swings. You want stability in a currency. You don't want to buy a car in Bitcoin, only to have its price shoot up $20k a month later. Or conversely, you wouldn't want to sell a car in Bitcoin and then watch its price drop $20k. These things are just mediums of wild speculation with only a thin veneer of underlying theory to provide legitimacy. 

[weatherwiz]

10 minutes ago, ORH_wxman said:

I used to be obsessed with football cards and baseball cards. I had some older ones from my uncle too...I still have a Wayne Gretzky rookie card. I swear, he bought like 2 packs of hockey cards in his life and one of them happened to be the Gretzky rookie. I still have a ton of football cards from the late 1980s and early 1990s....they aren't valuable as the older stuff, but I did have some pretty good insert cards....I have no idea what they are worth now.

I knew someone who helped someone clean out their attic when their parents or grandparents died and came across a ton of old baseball cards...like from the 30's-60's. They ended up just giving the cards away not knowing that many in there were worth tens of thousands of dollars. oops

[BrianW]

I've been reading there might be some big changes coming to cracking down and tracking these cryptocurrenices. The malware hackers that are paid in bitcoin have been able to operate untouched as it really can't be traced. I think I read that hundreds of millions are being paid to these hacker groups as ransom weekly. These Malware attacks are becoming a huge issue. Nobody can get Chemotherapy at Yale New Haven hospital as a ransomware attack has cripple the chemo machines software there. 

[HIPPYVALLEY]

26 minutes ago, BuffaloWeather said:

I don't think the government can ban their use, they are far too decentralized. 

They can tax you to death on them though.  

[RUNNAWAYICEBERG]

6 minutes ago, BrianW said:

I've been reading there might be some big changes coming to cracking down and tracking these cryptocurrenices. The malware hackers that are paid in bitcoin have been able to operate untouched as it really can't be traced. I think I read that hundreds of millions are being paid to these hacker groups as ransom weekly. These Malware attacks are becoming a huge issue. Nobody can get Chemotherapy at Yale New Haven hospital as a ransomware attack has cripple the chemo machines software there. 

Just another reason to invest in Cyber Security ETFs like BUG.

[STILL N OF PIKE]

27 minutes ago, RUNNAWAYICEBERG said:

Me neither but I buy in because 20yrs from now when I retire I don’t want to look back at missing an golden opportunity simply because I did not understand it. Like dogecoin is cheap now at $0.30 so I bought 1000 coins. It was a penny not too long ago so I’m already kicking myself for previously fading it because I didn’t understand it. It’s just my play money so why not... 20yrs from now I may be nude with that play money. If it doesn’t pan out, no sweat. I would have blown that money on something stupid anyway.

Sounds like PLUG part 2 with your entry price in after it appreciated 3000%. 

[RUNNAWAYICEBERG]

Just now, STILL N OF PIKE said:

Sounds like PLUG part 2 with your entry price in after it appreciated 3000%

Probably but it’s my play money. You won’t always price in at the bottom. Sometimes you just have to eat that missed growth. 

[HIPPYVALLEY]

5 minutes ago, BrianW said:

I've been reading there might be some big changes coming to cracking down and tracking these cryptocurrenices. The malware hackers that are paid in bitcoin have been able to operate untouched as it really can't be traced. I think I read that hundreds of millions are being paid to these hacker groups as ransom weekly. These Malware attacks are becoming a huge issue. Nobody can get Chemotherapy at Yale New Haven hospital as a ransomware attack has cripple the chemo machines software there. 

Gary Gensler, the new SEC chief is crypto friendly, as is the BIden admin. in general.  They will take a relatively hands off approach in the short term.  

[Typhoon Tip]

1 hour ago, weatherwiz said:

Well pretty much all better today. Actually felt nearly 100% by yesterday evening outside of just being tired but I did sleep pretty well. In terms of the side effects it was pretty much everything I expected based on the information I gathered from folks. Side effects kicking in about 12-hours later with side effects lasting around 12-hours and a full-day of fatigue. I am very glad I asked as many people as possible what they experienced after getting their second shot because I think preparing myself made going through it that much easier. 

I was reading about working out ...like actual aggressive hours at the gym type full sweats...etc. There is apparently no risk in doing that straight through these vax dosing. Regardless of reported side-effects of these doses - but I'd implore people do their own research of course.  It's more about the individual and their personal tolerances in discomfort ..etc.  

If this is true, how bad is that stuff really - .. heh.

Unless something really kicks my ass and forces me to couch, I tend to bear it.  I've trained my self for years to fight through discomfort "must win, must win" .. hamstrings, lower back tension... calf muscle seizing, general physical recovery rate pain... head colds, Migraines... ?  tough shit. I mean, I'm cruel to my self... I push through it all.  I makes those work outs where none of this shit is weighting you down, awesome!   I mean I'm hearing about fatigue and mild headache, and to me ... it sounds like, "Ooh, mommy - I'm a modern convenience addled pansy-ass pussy with a booboo. Can I have a mollycoddle nappy wappy time out ?"   Jokin', but  I'm hopefully it won't be significant enough to mean much to me - ...seein' as you ask.  LOL.

 

[RUNNAWAYICEBERG]

And when Musky goes on SNL and mentions the ‘the dogefather’ a few times the coins will skyrocket which would then be a good time to sell lol. 

[HIPPYVALLEY]

Just now, RUNNAWAYICEBERG said:

Probably but it’s my play money. You won’t always price in at the bottom. Sometimes you just have to eat that missed growth. 

That’s the way to approach it.  Play with money you can afford to lose and learn as you go. 
 

I sure wish I had more play money though.  There were lots of investment opportunities but being under employed this year gave us no financial wiggle room.   

 

[STILL N OF PIKE]

5 minutes ago, HIPPYVALLEY said:

Gary Gensler, the new SEC chief is crypto friendly, as is the BIden admin. in general.  They will take a relatively hands off approach in the short term.  

Ya , seems that countries are just establishing regulations now ...I.E Turkey last week had some anti crypto talk then they walked it back 

I was trying to get into Ripple last month and Ethereum at beginning of month and I missed considerable profits but I didn’t really trust or fully understand the crypto wallet purchasing process the crypto purchasing process seemed ripe for potential error and wether my laptop needed better security to prevent any sort of potential theft if I put several thousand into these things. Ripple has since doubled and Ether is up 30% lol 

[weatherwiz]

3 minutes ago, Typhoon Tip said:

I was reading about working out ...like actual aggressive hours at the gym type full sweats...etc. There is apparently no risk in doing that straight through these vax dosing. Regardless of reported side-effects of these doses - but I'd implore people do their own research of course.  It's more about the individual and their personal tolerances in discomfort ..etc.  

If this is true, how bad is that stuff really - .. heh.

Unless something really kicks my ass and forces me to couch, I tend to bear it.  I've trained my self for years to fight through discomfort "must win, must win" .. hamstrings, lower back tension... calf muscle seizing, general physical recovery rate pain... head colds, Migraines... ?  tough shit. I mean, I'm cruel to my self... I push through it all.  I makes those work outs where none of this shit is weighting you down, awesome!   I mean I'm hearing about fatigue and mild headache, and to me ... it sounds like, "Ooh, mommy - I'm a modern convenience addled pansy-ass pussy with a booboo. Can I have a mollycoddle nappy wappy time out ?"   Jokin', but  I'm hopefully it won't be significant enough to mean much to me - ...seein' as you ask.  LOL.

 

I'm pretty much the same way...I'd have to probably be on my death bed. 

[RUNNAWAYICEBERG]

2 minutes ago, HIPPYVALLEY said:

That’s the way to approach it.  Play with money you can afford to lose and learn as you go. 
 

I sure wish I had more play money though.  There were lots of investment opportunities but being under employed this year gave us no financial wiggle room.   

 

Yea, it’s been tough on so many. Hopefully that changes for you this year. It’s either eating out or investing for me so I choose to invest thesedays. Cash is tight with two kids in daycare but I try to throw a few Jackson’s around when I can. 

[STILL N OF PIKE]

13 minutes ago, RUNNAWAYICEBERG said:

And when Musky goes on SNL and mentions the ‘the dogefather’ a few times the coins will skyrocket which would then be a good time to sell lol. 

Yes it would lol . When is he on , this weekend ?

[RUNNAWAYICEBERG]

11 minutes ago, STILL N OF PIKE said:

Yes it would lol . When is he on , this weekend ?

May 8th. Scooter’s birthday.

[HIPPYVALLEY]

31 minutes ago, RUNNAWAYICEBERG said:

Yea, it’s been tough on so many. Hopefully that changes for you this year. It’s either eating out or investing for me so I choose to invest thesedays. Cash is tight with two kids in daycare but I try to throw a few Jackson’s around when I can. 

I took emergency savings money and put it in Ethereum a year ago.  There’s been some cringe worthy moments but so far it’s worked out. 

[RUNNAWAYICEBERG]

28 minutes ago, HIPPYVALLEY said:

I took emergency savings money and put it in Ethereum a year ago.  There’s been some cringe worthy moments but so far it’s worked out. 

Nice dude. That has paid off already.