Bitcoin?

I just read Coinbase will list DOGE in 6-8 weeks. Woot!

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All right, I bought $100 of Polygon over the weekend, because I’d no idea what else to buy. And I watched the videos to see what these other coins are doing and got $30 in whatever else. I’m still not fully convinced that they actually need crypto to solve the problems they are trying to solve, I’m not sure if that makes me a skeptic or a Luddite.

But I’m up $6, so I clearly know what’s going on.

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Broke $2 overnight! :+1:

I bought more when it dipped to 1.5 a few days ago. But my initial .35 random pick is my best one so far.

Polygon! The reddit club claims it has some really big potential because of the concept (that I have no idea what that is) and that it is different from most of the others cryptos, and as result should be worth $20-30 if not more. So definitely you should go all in on it.

It’s clearly the best, and Serena bought the dip. You cannot lose when buying the dip, it’s just math.

Are there options on crypto yet? I’d assume so but haven’t looked. YOLO.

People stake their crypto, I am not sure what that does, but I think they get more crypto for doing that.

I know there is a wallet where you can put your crypto to loan to other people, and you get interest for that.

Everything I know is still contained in this thread. I’m not heavily invested by any means. This is play money. And it’s fun to watch it.

I did buy some Doge but at the wrong time. Lost 25% on that deal. But moved it to Poly so I’m overall still way ahead.

Polygon and Cardano are my best picks. Orchid and Decentraland I’m still holding but they are worth less than I paid. Overall for the month since I started I’m up 23%. :woman_shrugging:

I learned all about that in the coinbase videos that I watched. I even passed a multiple choice quiz at the end to prove that I knew what it all meant. That’s the extent of my extant knowledge.

This is about my level of knowledge as well.

One of the videos (forget which coin) was about, basically, wiring money. We spend so much with Western Union to send remittances to family, and so forth. And crypto is gonna solve that, because fancy technology. So I don’t get it, the forex market already runs 24/7/365, do we need a new currency for this?

These are the kinds of things I struggle with. Are we really solving a problem, or just throwing tech at a problem and coming up with a solution that sounds fancy but isn’t really better than what could be accomplished some other way?

It solves two main problems with fiat money:

  • Counterfeiting
  • Double-spending
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Poly hit 2.83!

Or, view this as unrealized future losses.
Who’s buying all this stuff in the future? All the people buying it and driving up the price right now? (Narrator: Lol, no).
If you’ve made money, get out. Lock in your gains and guarantee them instead of hoping for future further gains which could risk your entire investment. Unlike an index fund, this stuff can go to 0.

Also: !RemindMe in 5 years with the IToldYouSo bot.

:joy:

Poly is on a tear! I’ll sell when it hits $5

I’m now up 35% for the month. 21% just today bc of Poly

Is that for May, or for the last 30 days? I put in about a month ago, I am up 128%. :rofl:

CoinBase is top 20 in the Apple store, I think plenty of fools are still rushing in. Longer term, I still feel like there will be plenty of bags running around to be held. Maybe BTC and ETH and whatever will hold up, but I bet a lot of these newer coins are going to get marked to zero.

Also, I’m in this for $100 right now, if it goes to zero I can probably survive. If I can get comfortable with the ecosystem I might be up for throwing something like 0.5% of my net worth at this, with stop loss in place so I wouldn’t lose over about 0.2% of my net worth. I’m not going for a YOLO here.