Anybody buying Crypto?

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feilox
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Anybody buying Crypto?

There’s this crypto called XLM. It deals in Lumens. JW if it has any correlation with us lol. I think the creator was part of ripple but made it private instead of public unlike ripple. More at:
https://www.stellar.org/lumens/

https://coinmarketcap.com/currencies/stellar/

Just like to share since crypto is now my main obession.

Don wrote:
It sounds like the XM LEDs won’t really be suitable for flashlight use. Pity…

troisanh
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OT, just hate what miners are doing to GPU prices. Even used! Facepalm

sp5it
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It’s worthless. I prefer gold and diamonds.
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manithree
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I’m a computer programmer, libertarian, and Free Software enthusiast. I keep vacillating between “blockchain and crytpocurrency are too new to trust” and “I really should just mine something to cover my bases.”

But there are SOO many options (thanks for adding to that confusion), I never get around to deciding on one and building a rig. So I’m still in the “no” category.

I prefer stocks, real estate, brass, and lead. For now.

mhemling33
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I have been wondering the same thing the past couple of months but I don’t think that is the case. Ripple is X(RP) and Lumens are X(LM) . Plus it would need to be XML. Now if they stuck Cree in there somewhere too, that would be a no brainier.

As far as XLM I think stellar has a bright future, no pun intended. My portfolio is around 75% XLM and it’s the Altcoin that I recommend to people. What’s funny is that the reason I looked into it in the first place was because I was curious if it was a BLF member or something lol.

patmurris
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I only heard of crypto currencies a few weeks ago… as a friend was mentioning bitcoin miners sucking so much electricity in China that they are getting cut down and are looking into moving to Canada… “What are they doing?” i asked… Just crunching useless numbers to win the mining race… “This sound like April fool hoax?”… No it’s not! Sick

I read a bit about it… Still i just can’t imagine how doing an expensive and useless work (crunching numbers to find an arbitrarily rare hash key) can have any value. It does not accomplish anything useful and costs a huge amount of resources. Thus i’m wondering whether it can have any future. Flat Stare

Is the currency you are referring to different?

blueb8llz
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Xlm to the moon!

Franz
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troisanh wrote:
OT, just hate what miners are doing to GPU prices. Even used! Facepalm

+1 Facepalm

Enderman
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Waste of time and money.
You can make way more investing in real stocks or getting a job.
It’s also really easy to create a cryptocurrency to take advantage of those who use it and make profit for yourself.

kingsauthor
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If you’re interested in buying Bitcoin or one of the other better-known cryptocurrencies your best bet is CoinBase, which also supports Bitcoin Cash, Ether, and Litecoin. The popular digital exchange is easy to use and widely trusted, though it does go offline occasionally when trading is particularly frenzied

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puglife2
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Meh.. Zil > Xlm Party

matg
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I am kicking myself for not keeping up with mining years ago when bitcoin wasnt worth alot. I couldnt mine very fast with what hardware I had, but I’d eventually have a small fortune if I had kept up with it over the years. Now, I feel its too late becuase the markets of crypto are just to volatile now.

reeves
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A month or so ago a new cryptocurrency appeared. This is a brilliant scam. Bitcoin and all the others have absolutely no intrinsic value whatsoever. Here, the “petro” is promised to be backed by a barrel of oil (if you really believe him) so it differs from others that it has some intrinsic value. Of course, the sky’s the limit for each unit price and who knows how much Venezuela holds. This is absolutely brilliant. Have people all over the world bail out your failing government by finding people more stupid than you are. It’s so crazy that it’s genius.

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Franz
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reeves wrote:
A month or so ago a new cryptocurrency appeared. This is a brilliant scam. Bitcoin and all the others have absolutely no intrinsic value whatsoever. Here, the “petro” is promised to be backed by a barrel of oil (if you really believe him) so it differs from others that it has some intrinsic value. Of course, the sky’s the limit for each unit price and who knows how much Venezuela holds. This is absolutely brilliant. Have people all over the world bail out your failing government by finding people more stupid than you are. It’s so crazy that it’s genius.

Venezuela making some kind of money?

Thats a scam for sure, their people do not even have toilet paper to buy in market (its not a joke), how Venezuela will pay this? Facepalm

edingergriff
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Crypto is very ambiguous stuff. I would recommend reading a few books for traders before trading cryptocurrencies. Personally I would buy better-known cryptocurrencies as mentioned previously.

Souichirou
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edingergriff wrote:
Crypto is very ambiguous stuff. I would recommend reading a few books for traders before trading cryptocurrencies. Personally I would buy better-known cryptocurrencies as mentioned previously.

Why would you NECRO a 2+ year old thread…..

edingergriff
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Well… why not? I accidentally found this topic and this is a part of my interest.

Barkuti
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While I am not an expert in the currency world, my wisdom allows me to say that it took a great deal of time for money, as we know it as paper and coins backed up by banks and governments, to be wholly accepted and recognized. Cryptocurrency, as a whole, is nothing but another trickery of evil entities to destabilize money or economy as we know it, for their own egotistical benefit. I know what I'm speaking of enough, as I was once slightly lured into the game mainly to pay for a few transactions of “research chemicals” years back. Suffice to say spiritual energies behind research chemicals and other drugs are of course negative in nature, and of course I healed this. We have the right to have and use tangible assets, even if they are paper or coins. Cryptocurrency mining is nothing but controlled bloodsucking to “guarantee” the transaction of a value without consciousness. No vapormoney, thanks.

And so, edingergriff, this is just a warning of where you are stepping on with.

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manithree
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Barkuti wrote:
We have the right to have and use tangible assets …. No vapormoney, thanks.

So, no Euros, or US Dollars for you, then?

Barkuti
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0K manithree, I understand that money is an abstract concept and our currencies already are inmaterial enough.

The point here then would be to determine what is the point of cryptocurrencies, what actual benefit can we attain with them.

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Jack Kellar
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Cryptocurrency is a bubble scam and whoever believes it will end up with his wallet gouged. There’s absolutely no material correspondence of its value, so it can shoot up or down at the market’s will. I’ll stay with money that has ballast, such as good old gold.

manithree
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Jack Kellar wrote:
I’ll stay with money that has ballast, such as good old gold.

Does such a thing still exist?

raccoon city
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If I had a time machine, maybe I'd go back a decade and invest in Bitcoin (after killing baby Hitler.)

I'm not a gambler, so I won't be investing in Crypto today.

kennybobby
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yes such a thing does exist—you can easily find them at coin shops, jewelry stores and pawn shops to get started. If you have a big wad of paper that you want to convert to real money, then there are speciality gold investment companies that deal in coins and bullion.

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nay
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crypto is differently fiat

yes

Jack Kellar
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manithree wrote:
Jack Kellar wrote:
I’ll stay with money that has ballast, such as good old gold.

Does such a thing still exist?


It absolutely does exist. The dollar not having a ballast is a tremendous anomaly, and it is going to crash hard if I’m reading the current geopolitics right.

kennybobby
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Up until the greatest and most honest president of all time Nixon, the US money was backed by a gold standard of $35 per ounce.

Before 1933, gold and gold coins were used as currency. In 1933 FDR confiscated all personally held gold and made it illegal to own or hold. Then in 1971 Nixon took the US off of a gold-backed currency.

He also gave us the 55 mph speed limit on interstates.
And made cannibus a Class 1 right drug up there with heroin and higher than cocaine.
Instituted a wage and price freeze (free-market capitalistism?)
He was not a crook, he even said so.

ref: https://www.history.com/this-day-in-history/fdr-takes-united-states-off-...

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manithree
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Jack Kellar wrote:
manithree wrote:
Jack Kellar wrote:
I’ll stay with money that has ballast, such as good old gold.

Does such a thing still exist?


It absolutely does exist. The dollar not having a ballast is a tremendous anomaly, and it is going to crash hard if I’m reading the current geopolitics right.

As far as I can tell, fiat currencies are the norm, and hard/representative/commodity-backed money is quite rare.

jon_slider
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edingergriff wrote:
I would buy better-known cryptocurrencies

good luck
the value of crypto is totally unstable, you are basically gambling
hoping the price you got in at, ends up being better than the future price

pure speculation, totally at risk

a ponzi scheme

Jack Kellar
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jon_slider wrote:
edingergriff wrote:
I would buy better-known cryptocurrencies

good luck
the value of crypto is totally unstable, you are basically gambling
hoping the price you got in at, ends up being better than the future price

pure speculation, totally at risk

a ponzi scheme


The stock and crypto scene is an ocean with a few whales to set examples for the sardines. Except there are many sharks looking to eat sardines by the metric ton. It’s how the Brazilian stock market Bovespa is still standing, lots of greedy small timers looking to make bank being gypped by “influencers” posing as high rollers that teach future high rollers.

When the sharks have gotten all their money out of the market, they will will burst the bubble and we’ll see men rain. And when the market is crashed, the sharks will swoop in and buy back all their stocks for pennies, then artificially inflate the market to attract a new generation of sardines. 1929 was already an example of the cycle.

Don’t forget that in speculative market, for you to make money someone has to lose that money.

manithree
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Jack Kellar wrote:
Don’t forget that in speculative market, for you to make money someone has to lose that money.

For that to be true, the entire economy would have to be a zero-sum game, and that doesn’t appear to be the case.

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