Squidfayce
Eats Squid
Maybe. Given it was 200 bucks, I've made profit whenever i sell. Now it's just a matter of whether it ever goes anywhere.dang 5.5m you are going to bank on that! Good buy
Maybe. Given it was 200 bucks, I've made profit whenever i sell. Now it's just a matter of whether it ever goes anywhere.dang 5.5m you are going to bank on that! Good buy
Different formats, interoperability etc. have no effect on the lack of fundamentals.Yeah a lot of it is ponzi schemes, but it's hard to argue that eth or btc are ponzi schemes.
Not all blockchains are the same in what they what they are used for. Some new tech im talking about for example is, untill reletively recently, blockchain interoperability wasnt possible. Some cunts worked it out and backing tokens related to those groups funds further development in this space. Thats not insignificant. But this is a beta max vs vhs scenario. Except there are 200 different formats to take a punt on
Heh, bit like buying expensive bikes really, most lose a third of value almost immediately, crypto takes a bit longer to lose that value.At least with gambling the odds and the track record are more certain. Crypto is just this ridiculous and opaque giant multi faceted Ponzi scheme.
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That is a really shitty straw man. It's a bit like saying that people are dying all the time, let's stop spending money on public health.All shareholders face the same risk, if coca cola went broke, how much of your share money do you think you would get back, probably very little if not none.
Companies go broke all the time, investors lose money all the time so not much difference.
Yes companies have assets that are worth money but shareholders will be last in line to get that. Just the facts
99% of listed companies disappear worthless
Think you can pick winners? A minority of listed Australian companies make a profit and most are speculative stocks that will eventually disappear, taking the dreams and money of investors with them.www.firstlinks.com.au
Maybe so, but it still seems like listed companies have a bad strike rate when new.That is a really shitty straw man. It's a bit like saying that people are dying all the time, let's stop spending money on public health.
Publicly traded companies are heavily regulated and there are clear rules around disclosure and accounting. It's usually pretty straightforward to figure out how they are generating value and profit. Crypto on the other hand just seems to be a giant Ponzi scheme that is designed to seperate over confident lemmings from their money.
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Except the big 4 these companies use for their yearly audits, regulatory reporting and consulting are increasingly at the center various frauds, creative accounting and tax evasion for these very companies. Much scrutiny around them as of late.Publicly traded companies are heavily regulated and there are clear rules around disclosure and accounting.
That's pretty fucked, can he transfer it to a ledger.Friend has just lost 100k (uk) on FTX exchange.... fucking ouch
well, not lost "it's still there, I just can't withdraw"
Nothing is without risk. But investing without a clear view of what the asset does is a proven losing strategy, especially for retail investors. See other great markets for fleecing uninformed investors like derivatives, insurance, and (god help me) art.Except the big 4 these companies use for their yearly audits, regulatory reporting and consulting are increasingly at the center various frauds, creative accounting and tax evasion for these very companies. Much scrutiny around them as of late.
Obviously defining and proving the value of coca cola or BHP is easier than that of something like Celsius or FTX, I don't think publicly listed companies are as safe bet as they used to be. The companies that audit them and report forth em have a vested interest in doing what they're told.
No, it is all blocked.can he transfer it to a ledger.
Have you heard of fractional reserve banking?I'd consider nexo if I was trading, they appear to be more bank like with actual reserves kept.
It just gets better. https://www.abc.net.au/news/2022-11-13/ftx-latest-cryptocurrency-exchange-assets/101647806A short summary of what happened with FTX:
At least in the USA there can be pretty hefty gaol sentences for these dodgy bastards, not like Australia. That Madoff or whatever his name was got heaps of timeIt just gets better. https://www.abc.net.au/news/2022-11-13/ftx-latest-cryptocurrency-exchange-assets/101647806
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Yes, aware of that, but FTX didn't really have it well sortedNo one keeps the amount of cash
Not a public company. Though probably a good buy if it was. One of the top 50 largest companies in America.Buy Amway… it’s not too late