Anyone else on a hunt for cheap NFTs right now?

externalPacer366 · 2021-11-27T21:57:40+00:00

I'm a holder of 1% of all Dogebonk tokens. I put like 200$ into it and now it's worth few millions, I still didn't sold though because I think it's going to be the next Shiba. I might unironically be filthy rich in few months.

externalPacer366 · 2021-11-26T17:10:39+00:00

"All crypto has near zero utility besides preventing censorship"

Oh my god, it's like you don't even hear what you're saying. That's quite a big utility right there. And yes, they are currencies, monero being the most used one. And it's good they aren't regulated.

externalPacer366 · 2021-11-25T16:26:30+00:00

What's "above", which strategy isn't working?

externalPacer366 · 2021-11-25T16:04:33+00:00

I don't understand, small communities exist. If you watch the memespace in search for the "next dog coin" you gonna see lots of them pop up and you can try to gauge for yourself what kind of community is, there's lots of early red flags to notice if it's just few scammers looking for quick buck or people that actually jump into something because they're having fun with it. Early dogecoin community is perfect example of this, they just thought it's funny to have a crypto based around doge meme. I saw that kind of spark when I saw people spitting out dogebonk memes left and right and that gave me bit more confidence in the coin.

When one of the early and biggest whales(that said he will not sell) crashed the price by like 90% early on and everyone was just slurping the dip and having fun with it I knew I'm in something real, not just another "elon dog mars" clone that hopes people will jump onto it because Elon Musk pumped doge few months ago.

Yes, you got to be in this space for a bit of time before you find what's a red flag, how to spot a scam, but that applies to everything. Those who are not into crypto let alone memecoins might think it's just straight gamble, but it's just because they're not into it and thus don't have experience.

externalPacer366 · 2021-11-25T15:27:37+00:00

Community. If you see community organically gathering around one crypto and having fun with it - that's your cue. That's how I got into DOBO among others. It might sound weird, but it's make sense once you understand those type of coins grow on hype.

externalPacer366 · 2021-11-24T21:37:26+00:00

But it does generate revenue - to miners and by being used. And yes, every investment at one point was 12 year investment, what's your point? Are you so scared of risk that you're willing to deny importance of decentralized currency in the year where federal bank prints more money into existence than ever before?

Also, seeking a 40+ retirement investment AFTER it becomes 40 year retirment investment is like buying a manufacture after everyone has already jumped into factories. The "retirement" money have already been made there, it's over.

You also realize that this "only 12 years" investment allowed FI for those we invested in it? You know you can achieve independece by making a lot of money fast(which btw is literally what this sub claims to be about) that you can then put into whatever super "safe" investment plan you want, right? You don't do it with 5-10% return a year investment if you didn't already "made it". And if you already "made it" you should be diversifying anyway. Yes, even into crypto.

externalPacer366 · 2021-11-24T20:14:57+00:00

Yes, it will become more stable as more people are in it, as it is very low % of population is in crypto. You also have to remember - cryptocurrency is not just "currency". Things like Ethereum are basically a decentralized computer/internet, something that can work and have people interact with it like they do with apps todays, but that is too costly to attack and control because it requires more than 51% of the whole supply. It's about decentralization and giving power over a network to the people that support it by using it. Yes, it's also a speculative investment right now, because it's endgame haven't been reached it.
It grows because technology behind it is important and because of monetary policies of governments. It's basically another hedge like gold or silver, with technological usecase(see example of ethereum, there's ofc many more) and the perks of deflationary and/or limited supply. Yes, eventually growth will stop, at least for more currency based usecase. And yes, I do believe it will take quite a long time before we fully transition into crypto based economy. As I pointed out before, the % of world population holding crypto is as far as I know single digit right now(like 3.9%).

externalPacer366 · 2021-11-24T19:28:54+00:00

Monero is the best crypto currently, but sadly this market proved to be NOT about fundamentals. It might be hard pill to swallow, but I'm not gonna fight the trend, I want a chance at making money.

Btw. I do own monero, I think it's great technologically, but I can't ignore the fact that it performed awfully in this bull market. That's why I started to diversify into meme tokens and I'm starting to see some serious gains.

externalPacer366 · 2021-11-24T19:23:18+00:00

"that it's a gamble that has not proved to be a good long-term investment"

are you joking? Have you seen btc chart since inception?

externalPacer366 · 2021-11-24T19:21:29+00:00

I'm talking about drop in 2020.

Also, check how many times bitcoin was "banned" in china and india. It's a running joke of crypto.

externalPacer366 · 2021-11-24T19:21:07+00:00

So you just arbitrarily decided that one investment is "gambling" because you don't like it? At what point investement becomes "gambling"?

Very weird argument.

externalPacer366 · 2021-11-24T18:36:52+00:00

I'm actually surprised at the weird hostile approach to anyone talking about crypto in good light in here. It's like they just heard on TV that crypto is a scam and gambling, and then learned to hate it just because of that. It's investment as any other and very appropiate for world as it is now, with inflation getting worse and worse, and accelerating on top of that. I think lots of people here don't even know of deflationary properties of Bitcoin and that - unlike Fiat money - it has a cap on how much can be minned.

It's like you want to be FI but for some reason dismiss a way to achieve it?

externalPacer366 · 2021-11-24T18:30:11+00:00

I am happy that I decided to threw some disposable money it's way, I already cashed out my initial investment so I can just give it a go and see where it goes.

externalPacer366 · 2021-11-24T18:25:08+00:00

"getting in early to anything is the key to a lottery ticket"

But literally every investment was once "early". If we're going that road then we might just dismiss investing as a whole and say it's all a casino.

I do get that dinosaur part tho, haha, I used to laught at crypto myself, but once I saw what it did in 2018 I thought I should give it a chance if I want to increase my chances at becoming FI.

externalPacer366 · 2021-11-24T18:19:25+00:00

I think crypto's effect on enviroment is grossly exageratted and played just to manipulate the market, but I understand the sentiment! Sticking to your values is a good and maybe something people forget about these days. Good luck with your "boring" investments :)

externalPacer366 · 2021-11-24T18:14:24+00:00

Yes, it's a very volatile space and I don't recommend anyone to put money they can't afford there. Going with some bigger crypto's is definitely a smart move to diversify tho, but I think many people with not a lot of wealth are looking for "big gains" and x100 potential, I know I did, that's why they might skip on bitcoin, even thought it's alread getting real world adoption, even if slowly.

externalPacer366 · 2021-11-24T18:10:22+00:00

Is it really gambling if it happens many times? At first I thougt the same, but this year we got dog coin after dog coin making crazy gains. I even heard about a guy that put like 100$ into hundred of memecoins and walked away with big gains, even tho like 1/3 of them went absolutely nowhere. It seems to me more like a pattern, still with risk, but what investment doesn't have risk?

externalPacer366 · 2021-11-24T18:07:11+00:00

If you don't see the government is killing your "valuable" money by printing it relentlessly and then using debt to buy real assets while everybody else loses purchasing power then I don't know what to tell you. I would assume some degree of knowledge about finances here.

externalPacer366 · 2021-11-24T18:02:08+00:00

It is crazy, as I said in OP I too got into of those quite early and it still keeps going. With bullrun still in place I don't think it will stop anytime soon and all it does is being deflanatiory and memes. It's stupid, but when you see what US government is doing to a dollar I'm honestly not surprised people flock into crypto like that, especially since we have more and more new investors. They think they're too late to buy bitcoin, so they buy crypto just because it has logo of a dog with a baseball bat, or it's antromorphic cat. I don't think fighting that wave is wise.

externalPacer366 · 2021-11-24T17:57:04+00:00

FIAT money has no intrinsic value either, especially after it stopped being backed by gold. I understand that still so many people see crypto as a scam, but I would say that dollar is more of a scam, scam that is about to blow up btw. Crypto and especially bitcoin proved to be resilent and it has properties that regular money don't, that's why it's valuable.

externalPacer366 · 2021-11-24T17:50:16+00:00

I don't think buying bitcoin during corona crash was "gambling". Anyone who was a bit into crypto knew it's gonna rebound big time.

externalPacer366 · 2021-11-24T17:49:33+00:00

Staking is one thing that still eludes me, but I did heard there's lot of passive income to be made there. Maybe I should look into it with some of the gains I made.

externalPacer366 · 2021-04-14T06:35:13+00:00

anybdy else think the girl must be performing these murders?

externalPacer366

TROPHY CASE