Karen Coin at Freddy's tackle

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4liters
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Re: Karen Coin at Freddy's tackle

Post by 4liters » Fri Jun 04, 2021 12:38 pm

Longbombs wrote:
Fri Jun 04, 2021 9:37 am
4liters wrote:
Thu Jun 03, 2021 2:40 pm
I'd steer well away from shitcoins like that, and crypto generally unless you're treating it like a sportbet account
Better than letting your money shrink in a bank account... 308.87% year-on-year growth in 2021 for BTC.

Not a bad gamble.
Nah, it’s been good for the people who got in and out at the right times.

The issue with BTC is it has no underlying value and is little use as a currency so you’re just hoping more people decide to jump in and you can take profits and get out before everyone else. It might still go up in value and make some people very rich but it could easily tank overnight and leave the bagholders with nothing. There’s also zero regulation so some guy with a Twitter account can manipulate the market in ways that would be highly illegal in traditional security markets. Hence why it’s just a gamble.

Some crypto has some applications like smart contracts etc - BNB, VET, ETH - but I don’t think those will be as useful or as widely adopted as they are hyped.

I held some DOGE (the stupidest crypto) as a gamble and turned a $50 yolo into $130 or so and them dumped it all into VET. It was only as much as I was willing to lose if it went belly up and I’m under no illusion that it was just a punt, not a serious investment in something with actual underlying value.
2015/16 Fisting Victoria Species comp total: 289cm
Brown Trout: 37cm
Flathead: 51cm; Squid: 36cm; Australian Salmon: 51cm; Snapper 46cm; Silver Trevally 23cm; KGW: 45cm
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Kimtown
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Re: Karen Coin at Freddy's tackle

Post by Kimtown » Fri Jun 04, 2021 1:50 pm

happyfriggincamper wrote:
Fri Jun 04, 2021 12:24 pm
Selecting Karencoin is a real headscratcher given there are many cryptocoins already in use as a payment medium by businesses significantly larger than Freddy's.

Lots of posts indicating not knowing anything about crypto - happily invested, have been 600% up on investment at best this year and currently about 300% up in the recent dip.
Teach me sensei

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Re: Karen Coin at Freddy's tackle

Post by Kimtown » Fri Jun 04, 2021 1:53 pm

4liters wrote:
Fri Jun 04, 2021 12:38 pm
Longbombs wrote:
Fri Jun 04, 2021 9:37 am
4liters wrote:
Thu Jun 03, 2021 2:40 pm
I'd steer well away from shitcoins like that, and crypto generally unless you're treating it like a sportbet account
Better than letting your money shrink in a bank account... 308.87% year-on-year growth in 2021 for BTC.

Not a bad gamble.
Nah, it’s been good for the people who got in and out at the right times.

The issue with BTC is it has no underlying value and is little use as a currency so you’re just hoping more people decide to jump in and you can take profits and get out before everyone else. It might still go up in value and make some people very rich but it could easily tank overnight and leave the bagholders with nothing. There’s also zero regulation so some guy with a Twitter account can manipulate the market in ways that would be highly illegal in traditional security markets. Hence why it’s just a gamble.

Some crypto has some applications like smart contracts etc - BNB, VET, ETH - but I don’t think those will be as useful or as widely adopted as they are hyped.

I held some DOGE (the stupidest crypto) as a gamble and turned a $50 yolo into $130 or so and them dumped it all into VET. It was only as much as I was willing to lose if it went belly up and I’m under no illusion that it was just a punt, not a serious investment in something with actual underlying value.
A big F U to Elon

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Re: Karen Coin at Freddy's tackle

Post by happyfriggincamper » Fri Jun 04, 2021 2:56 pm

Kimtown wrote:
Fri Jun 04, 2021 1:50 pm
happyfriggincamper wrote:
Fri Jun 04, 2021 12:24 pm
Selecting Karencoin is a real headscratcher given there are many cryptocoins already in use as a payment medium by businesses significantly larger than Freddy's.

Lots of posts indicating not knowing anything about crypto - happily invested, have been 600% up on investment at best this year and currently about 300% up in the recent dip.
Teach me sensei
www.youtube.com
www.twitter.com

Grasshopper-san

rb85
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Re: Karen Coin at Freddy's tackle

Post by rb85 » Fri Jun 04, 2021 8:04 pm

Longbombs wrote:
Fri Jun 04, 2021 9:37 am
4liters wrote:
Thu Jun 03, 2021 2:40 pm
I'd steer well away from shitcoins like that, and crypto generally unless you're treating it like a sportbet account
Better than letting your money shrink in a bank account... 308.87% year-on-year growth in 2021 for BTC.

Not a bad gamble.
Guru
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Re: Karen Coin at Freddy's tackle

Post by rb85 » Fri Jun 04, 2021 8:08 pm

happyfriggincamper wrote:
Fri Jun 04, 2021 2:56 pm
Kimtown wrote:
Fri Jun 04, 2021 1:50 pm
happyfriggincamper wrote:
Fri Jun 04, 2021 12:24 pm
Selecting Karencoin is a real headscratcher given there are many cryptocoins already in use as a payment medium by businesses significantly larger than Freddy's.

Lots of posts indicating not knowing anything about crypto - happily invested, have been 600% up on investment at best this year and currently about 300% up in the recent dip.
Teach me sensei
www.youtube.com
www.twitter.com

Grasshopper-san
600% on how much invested? Have you cashed out?
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happyfriggincamper
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Re: Karen Coin at Freddy's tackle

Post by happyfriggincamper » Fri Jun 04, 2021 9:04 pm

rb85 wrote:
Fri Jun 04, 2021 8:08 pm
happyfriggincamper wrote:
Fri Jun 04, 2021 2:56 pm
Kimtown wrote:
Fri Jun 04, 2021 1:50 pm
happyfriggincamper wrote:
Fri Jun 04, 2021 12:24 pm
Selecting Karencoin is a real headscratcher given there are many cryptocoins already in use as a payment medium by businesses significantly larger than Freddy's.

Lots of posts indicating not knowing anything about crypto - happily invested, have been 600% up on investment at best this year and currently about 300% up in the recent dip.
Teach me sensei
www.youtube.com
www.twitter.com

Grasshopper-san
600% on how much invested? Have you cashed out?
Invested a balance between what we were comfortable in losing, but also enough to have a potential profit pull that would make putting down something like a house deposit very easy. 600% up we were on our way to comfortably having a house deposit.

I haven't cashed out any profit into AUD, but I've taken profits from some low cap alts I had good gains on and reinvested them into BTC and some other coins/projects that look to have solid fundamentals and use cases (which is more part of my long term strategy).

rb85
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Re: Karen Coin at Freddy's tackle

Post by rb85 » Fri Jun 04, 2021 9:19 pm

happyfriggincamper wrote:
Fri Jun 04, 2021 9:04 pm
rb85 wrote:
Fri Jun 04, 2021 8:08 pm
happyfriggincamper wrote:
Fri Jun 04, 2021 2:56 pm
Kimtown wrote:
Fri Jun 04, 2021 1:50 pm
happyfriggincamper wrote:
Fri Jun 04, 2021 12:24 pm
Selecting Karencoin is a real headscratcher given there are many cryptocoins already in use as a payment medium by businesses significantly larger than Freddy's.

Lots of posts indicating not knowing anything about crypto - happily invested, have been 600% up on investment at best this year and currently about 300% up in the recent dip.
Teach me sensei
www.youtube.com
www.twitter.com

Grasshopper-san
600% on how much invested? Have you cashed out?
Invested a balance between what we were comfortable in losing, but also enough to have a potential profit pull that would make putting down something like a house deposit very easy. 600% up we were on our way to comfortably having a house deposit.

I haven't cashed out any profit into AUD, but I've taken profits from some low cap alts I had good gains on and reinvested them into BTC and some other coins/projects that look to have solid fundamentals and use cases (which is more part of my long term strategy).
Interesting Im not knowledgable enough about crypto but unless you can use it to put a deposit on a house then you need to cash it in for your holding to actually be of any value.
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Re: Karen Coin at Freddy's tackle

Post by 4liters » Sat Jun 05, 2021 1:03 am

Don't forget it's all subject to capital gains tax too!
2015/16 Fisting Victoria Species comp total: 289cm
Brown Trout: 37cm
Flathead: 51cm; Squid: 36cm; Australian Salmon: 51cm; Snapper 46cm; Silver Trevally 23cm; KGW: 45cm
Major Sponsor: Rim Master Tackle

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Re: Karen Coin at Freddy's tackle

Post by sandef » Sat Jun 05, 2021 3:05 am

4liters wrote:
Sat Jun 05, 2021 1:03 am
Don't forget it's all subject to capital gains tax too!
I'm Greek what's this word tax

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