2Squirrels1Nut
Footballguy
Hey guys, any thoughts on SMURF
TIA
TIA
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Bitcoin-Explain to me how to buy these things (3 Viewers)
- Thread starter Sheriff Bart
- Start date
ConstruxBoy
Kate's Daddy
It'll be a bigger tease than Smurfette.Hey guys, any thoughts on SMURF
TIA
Nathan R. Jessep
Footballguy
Haven't even heard of it. What blockchain?Hey guys, any thoughts on SMURF
TIA
Nathan R. Jessep
Footballguy
Man Trying to Get 8,000 BTC Out of Landfill Makes Big Claim in Radio Interview | CoinMarketCap
James Howells later told CoinMarketCap asbestos is buried at the landfill despite the fact it's in a flood zone, but the council says strict laws ensure all activity is safe and monitored.
A man who threw away a hard drive containing 8,000 BTC worth $173 million claims he's being stopped from searching a landfill site because "hazardous materials" have been buried there.
2Squirrels1Nut
Footballguy
They own crypto and virtual real estate. SMURF is the ticker. Thanks!Haven't even heard of it. What blockchain?Hey guys, any thoughts on SMURF
TIA
Nathan R. Jessep
Footballguy
Hmmm, check out the CMC page: https://coinmarketcap.com/currencies/smurfsinu/They own crypto and virtual real estate. SMURF is the ticker. Thanks!Haven't even heard of it. What blockchain?Hey guys, any thoughts on SMURF
TIA
Lots of comments on the sidebar indicating is scammy
Hard pass for me. lol I've got several other projects on my watchlist with proven track records. I'm not saying this couldn't turn into something, I'm just saying it seems sketchy from first glance. DYOR of course. KGB or Cranks might have some better insight
2Squirrels1Nut
Footballguy
Thank you!Hmmm, check out the CMC page: https://coinmarketcap.com/currencies/smurfsinu/They own crypto and virtual real estate. SMURF is the ticker. Thanks!Haven't even heard of it. What blockchain?Hey guys, any thoughts on SMURF
TIA
Lots of comments on the sidebar indicating is scammy
Hard pass for me. lol I've got several other projects on my watchlist with proven track records. I'm not saying this couldn't turn into something, I'm just saying it seems sketchy from first glance. DYOR of course. KGB or Cranks might have some better insight
I learned of it after seeing the CEO interviewed on CNBC several times. Considered a metaverse play. I have a couple hundred dollars worth as a gamble.
Nathan R. Jessep
Footballguy
I think it's just getting started. I think we're going to 12K
Nathan R. Jessep
Footballguy
----------ran across the above nugget when researching an alt coin... and separate article below------------
Bitcoin price dips 14% in August as trader warns of ‘macro drop down’
BTC price forecasts drift lower as Bitcoin fails to protect $20,000 convincingly on the monthly close.
cointelegraph.com
stack em up!
beer 30
Footballguy
BUY THE DIP!!!!!
Nathan R. Jessep
Footballguy
KGB
Footballguy
HAHAHAHbuying EVERYDAMNTHING! Firesale!
The sale may just be starting. I would average down and not blow load yet
Nathan R. Jessep
Footballguy
Yep, THAT!HAHAHAHbuying EVERYDAMNTHING! Firesale!
The sale may just be starting. I would average down and not blow load yet
KGB
Footballguy
$2K to 1MM update. $57,000. High was $750,000 (.50 cents or so) ... hex current price $0.0417HEX $2K to 1MM update. (HEX $.06)HEX $2K to 1MM update.
Cashed out a bunch and have $70K at current value $.05
And were upto $80K a few days later
$45k gamble on sacrificing (pulse, pulse x, liquid loans) still waiting
KGB
Footballguy
dont forget mt gox still has a huge sell off coming. we are def going lower than today.Yep, THAT!HAHAHAHbuying EVERYDAMNTHING! Firesale!
The sale may just be starting. I would average down and not blow load yet
BTC $19,000 right now.
I think it goes up eventually, but goes way down first
Nathan R. Jessep
Footballguy
agreed! we are sitting on a very thin floor and below that is another big drop. I'm here for it.dont forget mt gox still has a huge sell off coming. we are def going lower than today.Yep, THAT!HAHAHAHbuying EVERYDAMNTHING! Firesale!
The sale may just be starting. I would average down and not blow load yet
BTC $19,000 right now.
I think it goes up eventually, but goes way down first
Nathan R. Jessep
Footballguy
pulled the trigger on some Polygon today ($MATIC)
Have had it on my to-do list for a while. Nice summary thread on it here
Starbucks has announced the launch of their new NFT based rewards program on the Polygon blockchain.
Starbucks details its blockchain-based loyalty platform and NFT community, Starbucks Odyssey
The new Starbucks Odyssey experience combines the company's successful Starbucks Rewards loyalty program with an NFT platform.
techcrunch.com
Nathan R. Jessep
Footballguy
Fidelity Considering Offering Crypto Trading to Brokerage Customers: Report
Fidelity has more than 34.4 million individual brokerage accounts, according to the Wall Street Journal.
Fidelity has more than 34.4 million individual brokerage accounts, according to the Wall Street Journal.
KGB
Footballguy
WOW.Fidelity Considering Offering Crypto Trading to Brokerage Customers: Report
Fidelity has more than 34.4 million individual brokerage accounts, according to the Wall Street Journal.www.coindesk.com
Fidelity has more than 34.4 million individual brokerage accounts, according to the Wall Street Journal.
If apple made a native easy app. can you imagine. apple could take a % and still kill
Nathan R. Jessep
Footballguy
Bitcoin Depot's multimillion-dollar plot to build a crypto ATM empire
The company said it’s seeking to accelerate acquisitions in a space that hasn’t seen very many of them.
Maybe it’s just me but I really have to laugh at Crypto ATMs. Just the fact that the point is to get a person cash/paper money just seems *** backwards.Bitcoin Depot's multimillion-dollar plot to build a crypto ATM empire
The company said it’s seeking to accelerate acquisitions in a space that hasn’t seen very many of them.fortune.com
Nathan R. Jessep
Footballguy
I was a bit surprised at how many of them there were. I've seen a total of one in the wild in my podunk area. I'm not even sure how they work. You deposit $ and get BTC or vice versa? or both? For the former, what do they do give you a receipt with your wallet address? IDK just seems sketchy to me, but apparently people use them.Maybe it’s just me but I really have to laugh at Crypto ATMs. Just the fact that the point is to get a person cash/paper money just seems *** backwards.Bitcoin Depot's multimillion-dollar plot to build a crypto ATM empire
The company said it’s seeking to accelerate acquisitions in a space that hasn’t seen very many of them.
Captain Cranks
Footballguy
So BTC's narrative of being a good store of value asset has not played out very well during this downturn. Turns out neither has gold's.
Sand
Footballguy
Or stocks, or bonds, or real estate. USD is pretty much it.
ConstruxBoy
Kate's Daddy
I think you actually put dollars in and then turn around, bend over and pull down your pants.I was a bit surprised at how many of them there were. I've seen a total of one in the wild in my podunk area. I'm not even sure how they work. You deposit $ and get BTC or vice versa? or both? For the former, what do they do give you a receipt with your wallet address? IDK just seems sketchy to me, but apparently people use them.Maybe it’s just me but I really have to laugh at Crypto ATMs. Just the fact that the point is to get a person cash/paper money just seems *** backwards.Bitcoin Depot's multimillion-dollar plot to build a crypto ATM empire
The company said it’s seeking to accelerate acquisitions in a space that hasn’t seen very many of them.
jvdesigns2002
Footballguy
Not really. Gold has held up much better than bitcoin during this turmoil.
Gold prices are down 8.5% year to date, and down 3.95% over the past 52 weeks.
Bitcoin prices are down 59% year to date, and down 56% over the past 52 weeks .
Gold is an asset that is a store of value--it might not make you rich--but it generally holds value well when markets are suffering--and it has some limited upside in extreme situations. Relative to the entire market (equities--the S&P, the dow and the nasdaq)--gold has performed very well during this downturn.
Bitcoin has proven itself to be more of risk asset than a store of value asset. It basically is performing like a tech stock--but with greater volatility
KGB
Footballguy
Huge margins. I'll never use, but maybe like those gold machines in the airport????Maybe it’s just me but I really have to laugh at Crypto ATMs. Just the fact that the point is to get a person cash/paper money just seems *** backwards.Bitcoin Depot's multimillion-dollar plot to build a crypto ATM empire
The company said it’s seeking to accelerate acquisitions in a space that hasn’t seen very many of them.
KGB
Footballguy
And I paid Gas fee for itI think you actually put dollars in and then turn around, bend over and pull down your pants.I was a bit surprised at how many of them there were. I've seen a total of one in the wild in my podunk area. I'm not even sure how they work. You deposit $ and get BTC or vice versa? or both? For the former, what do they do give you a receipt with your wallet address? IDK just seems sketchy to me, but apparently people use them.Maybe it’s just me but I really have to laugh at Crypto ATMs. Just the fact that the point is to get a person cash/paper money just seems *** backwards.Bitcoin Depot's multimillion-dollar plot to build a crypto ATM empire
The company said it’s seeking to accelerate acquisitions in a space that hasn’t seen very many of them.
Craig_MiamiFL
Footballguy
Store of value 
Never gets old.
Never gets old.
ConstruxBoy
Kate's Daddy
Captain Cranks
Footballguy
I'm not sure why you're comparing gold to Bitcoin since I've conceded BTC does not function as a store of value.
I've also posted a research report in this thread that refutes the myth that gold holds its value when the markets are suffering. It's actually positively correlated to risk assets during tumultuous market periods. The current downturn is just another data point that supports this premise.
Nathan R. Jessep
Footballguy
Agreed. But I think it will over take the others in the top 10 (Apple, etc.) and come in just below gold.
great read, thanks for posting; I got through about half of it, and will circle back to reread when I have more time...
From what I got through so far, this stood out to me:
So far, the Bitcoin network has gotten through four huge bull/bear cycles (2011, 2013, 2017, 2021 bull cycles) while gaining value and users in an exponentially compounding way. Each bull cycle reached a level of scale that was significantly larger than the prior bull cycle in terms of market capitalization and the number of users.
Now, it is legal tender in a few regions of the world, and a number of large institutions hold it on their balance sheets in various ways.
Simple "bubbles" don't survive through several 70%+ drawdowns over a period lasting thirteen years and counting; it looks more like Metcalfe's law of network adoption at this point. That doesn't mean it is without risks, but it means it should be studied and understood rather than dismissed, to see what it is about this network that allows it to keep growing through resistance.
And most notably, bitcoin did this without any central organization promoting it. The inventor disappeared by 2011, and then even his follow-up lead developer and a number of other early developers left in the ensuing years as part of various technical disputes involving the block size. It has been a rather decentralized, open-source, self-sustaining network of rolling participation ever since.
Out of the other thousands of cryptocurrencies, the vast majority fail to successfully get through one cycle. They have a big bubble spike during a bull market, and then crash, and then never recover those bubble highs again. Founders, insiders, and others who bought super early can have spectacular gains on the back of the investors who came in late, but their coins don't lead to structural adoption and growth. Only a small handful of them have made it through two or three cycles of higher dollar-denominated network value.
Nathan R. Jessep
Footballguy
Reading more and more about Chainlink ($LINK) being involved with some really nice projects. I picked up a little bit a few weeks ago, but I think I need to scoop some more
www.coindesk.com
SWIFT Partners With Crypto Data Provider Chainlink on Cross-Chain Protocol in TradFi Play
Interest from institutional investors moving into crypto has been “undeniable,” according to SWIFT’s Strategy Director.
Nathan R. Jessep
Footballguy
Nathan R. Jessep
Footballguy
CFTC Chair Says Crypto Regulations Could Double Bitcoin Price - Decrypt
Behnam argued that Bitcoin could soar in a regulated market where institutional investors feel more comfortable wading into the industry.
decrypt.co
Pigskin Fanatic
Footballguy
Rhythmdoctor
Footballguy
Using a YTD measurement is useless on assets perceived to be stores of value. You'd be much more honest using the last decade. 10 years ago BTC was worth $15 and today is worth $20k. That's a 1,333X. Read that again, a one thousand three hundred thirty-three times return on your investment in a decade. That's better than simply storing value. Gold on the other hand is essentially at the same price it was a decade ago and when you consider inflation, then Gold has not stored your value, it LOST value in the last decade.
So feel free to cherry-pick various metrics but the reality is that BITCOIN is far superior to gold, real estate and any other "store of value" asset on planet earth when measured over the long term. Any investor knows that short term fluctuations, volatility and price movements are simply noise.
Rhythmdoctor
Footballguy
Mark my words - All the folks who are dissing bitcoin in here will be the loudest voices in a decade+ when BTC is undeniably the most pristine asset the world has ever known. It's painfully obvious that all the haters have spent very little time trying to understand it completely. The only evidence you need to see the true trajectory of btc is the charts. Look at large time intervals (weekly, monthly, quarterly) on said charts and zoom out to see the forest through the trees. The story is clear if you're able to tune out the noise (small time frame price movements).
My suggestion: Buy only BTC, all other 'cryptos' are literal garbage, including ETH. BTC is the only decentralized crypto currency. BTC uses POW which is far superior to POS. BTC is the antithesis to centralized, manipulated fiat currency and is superior in every single way.
My suggestion: Buy only BTC, all other 'cryptos' are literal garbage, including ETH. BTC is the only decentralized crypto currency. BTC uses POW which is far superior to POS. BTC is the antithesis to centralized, manipulated fiat currency and is superior in every single way.
jvdesigns2002
Footballguy
I am a believer in both bitcoin and gold. With that said- no way will I compare the 10 year chart of an asset that is 13 years old (bitcoin came out in 2009) versus that of a store of value that has been valuable and relevant over thousands of years. Bitcoin still has risk that gold doesn’t. You still need electricity and an internet connection for it to be useful or usable. There is still a lot of regulatory ambiguity surrounding crypto. Lets also not overlook the fact that close to 65% of people that have invested in bitcoin are under water. I just find it funny that while many people that believe in precious metals also believe in bitcoin- that most bitcoin advocates go out of their way to trash assets that have exponentially longer histories of being stores of value. It’s like crypto-purists have a pre-programmed desire to slam any thought of precious metals any time they get an opportunity. Thats one of the reasons why so many cryptopurists are so under water. Nobody should advocate putting all of their eggs in one basket- especially a basket that has a lot of unpredictability ahead of it
Nathan R. Jessep
Footballguy
Agree with the first paragraph. Disagree 100% with the bolded in the second paragraph. ETH is the largest blockchain on the planet with the most active projects AND it just boosted it's efficiency by what, almost 100%? Not only will it prosper, IMHO, but there will be many layer 2s, scaling solutions, defi and metaverse projects that are winners. Particularly right now while everything moves relatively in sync with Bitcoins moves. I don't expect it to be that way forever, but I think it will be that way for the foreseeable future. At the very least through the next bull market (2-3 years).
Captain Cranks
Footballguy
I still don't understand this as an argument against crypto. You have those same electricity and internet needs for any material sum of cash. If the power grid shuts down you won't be able to access funds in your bank or investment accounts.
jvdesigns2002
Footballguy
You need electricity and internet to exchange gold/silver/platinum for goods and services? Secondly— I wasn’t arguing against crypto. The first sentence of my statement that you quoted clearly said I believe in both precious metals and bitcoin. Precious metals are strong in some of the areas that are shortcomings for bitcoin, and bitcoin is strong in some of the areas that are shortcomings for the precious metals. However- most crypto-purists are unable to accept that notion.
Captain Cranks
Footballguy
You're trading gold, silver and platinum for goods and services, eh? C'mon. Let's be real here.
Nathan R. Jessep
Footballguy
I tend to agree with CC here. You can trade $1MM worth of BTC to anywhere in the world with just your phone. Good luck carrying $1MM of gold to the store. I mean, if we're talking end of days type stuff, with no electricity and no cell towers, then I think you have bigger issues than trying to buy anything with 1MM worth of BTC or gold. Ammo might be the most valuable currency in that scenario.
jvdesigns2002
Footballguy
You guys are proving my point exactly. I blatantly said that I believe in both crypto and precious metals- but ANYTHING good I have to say about precious metals somehow gets interpreted as a shot against crypto to you guys. How many times do you plan on spending 1 million dollars with that ridiculous analogy? The people of Ukraine didnt have access to internet until Elon provided them with starlink. You think getting crypto to them before Elon stepped in was easy? Governments and terrorists can limit internet access and the electrical grid in a whim. Try to access and use $500-5000 worth of crypto in an area with no internet or electricity. I guarantee you that you’d have no problem exchanging 4 krugerrands and some silver coins in that scenario. Crypto relies on other systems to be working and in place for them to be usable. Precious metals do not. That is a strength of the precious metals that is a shortcoming of crypto. I believe in bitcoin but believing in something doesn’t mean that i have to believe that it is incapable of having some shortcomings
Nathan R. Jessep
Footballguy
Ridiculous?
I don't think you finished reading my post. But for the record if you're going to toss out scenarios like Ukraine, you are also kind of assuming that everyone has precious metals/coins laying around to barter with. And I do agree there are shortcomings to both, and I believe in both as well. I'm fairly new in learning about crypto, etc., but I've done plenty of homework on it. More so on it than precious metals, I'll admit. But doomsday scenarios aside, cryptocurrency solves a lot of problems that precious metals cannot, even with it's limitations. Of course you can come up with scenarios where it won't work, just like I came up with one (and could come up with more) that precious metals won't work. We could swap scenarios all day. More to the original point though, is that people using BTC as a store of value, aren't particularly worried about what BTC is doing over the month or the year even. I don't know the charts well enough, but I'd bet some of the stable coins (which aren't even as old as BTC) are probably closer to gold's if you're just comparing chart shapes. That's what most of the big crypto investors I've followed do when the market is in turmoil, move their assets to stable coins until it's time to make a move. Most of them are also still stacking BTC in the meantime.
Captain Cranks
Footballguy
Right. It's a silly circumstance to bring up which is why I said I don't understand why electricity and internet outages are used as an argument.
FTR, @jvdesigns2002, I'm fully aware of crypto's shortcomings. I just don't think the one you mentioned is reasonable to contemplate with any seriousness.
