SOLANA Warning

[Captain Monday]

On 6/20/2022 at 2:42 PM, proton said:

Double Dutch mate, no idea what any of this is ????

Double Dutch no idea either what is that Cockney rhyming slang?

[Lacessit]

29 minutes ago, Neeranam said:

Do you realize this is a crypto forum?

 

I've got no idea what you are on about. 

It's a crypto thread.  I understand religions have forums as well, but they call them congregations.

I'm not surprised you have no idea, believers don't understand Bertrand Russell's teapot analogy either.

I look forward to your next crypto sermon.

[Neeranam]

3 hours ago, Lacessit said:

It's a crypto thread.  I understand religions have forums as well, but they call them congregations.

I'm not surprised you have no idea, believers don't understand Bertrand Russell's teapot analogy either.

I look forward to your next crypto sermon.

Its not a crypto thread, it's a sub forum. 

If you are not interested, stop wasting my time. 

[ChrisP24]

Thanks Neeranam for your posts, you certainly take a lot of heat, but thanks to some info you posted some months ago, I added a crypto cash back card to my exchange account and have made a bit of money from that, actually a worthwhile amount too, just by shifting daily spending (and a couple of monthly bills) over to the card. 

 

I converted all of my (very modest) crypto holdings to dollar-equivalent a couple of weeks ago, including a small amount that was in Solana.  The reason was to simplify the accounting and tax reporting, all of the non-stablecoin crypto that I held was from mining, and it is truly a bear to keep track of tax basis when you're receiving small amounts in multiple coins daily or every few days.  So the short story is that I sold it all, thus harvesting some tax losses, and plan to put the same amount back into just BTC and ETH in late December after more than 30 days will have passed so I'll avoid running afoul of the IRS wash sale rule.  

 

My own (amateur) opinion is that as capital begins to flow back into crypto, BTC and ETH will lead, because they are the most widely recognized with largest market capitalization.   Of course some others will do better but I am not informed enough to want to try to pick which ones, nor do I trust the vast majority of information out there. 

[Lacessit]

8 hours ago, Neeranam said:

Its not a crypto thread, it's a sub forum. 

If you are not interested, stop wasting my time. 

I am interested in the parallels between religions and crypto, which apparently include the attribute of fanaticism.

If you believe I am wasting your time, the solution should be obvious.

[moogradod]

24 minutes ago, Lacessit said:

I am interested in the parallels between religions and crypto, which apparently include the attribute of fanaticism.

If you believe I am wasting your time, the solution should be obvious.

Interesting question although it seems far fetched at very first sight. Fanaticism -> could well be at times, but the main similiarity is that both are in the end proposed methods to gain happiness. Why invest so much effort in it if this where not the case ?

 

If this does succeed can only be judged by yourself ???? My opinion: Crypto rather not - per se and in particular - when it comes to religions it depends, there is no absolute - only if it matches with you or not and its helpfulness is becoming obvious - that's why there are so many - like many different medicaments against different ailments.

[Neeranam]

7 hours ago, ChrisP24 said:

Thanks Neeranam for your posts, you certainly take a lot of heat, but thanks to some info you posted some months ago, I added a crypto cash back card to my exchange account and have made a bit of money from that, actually a worthwhile amount too, just by shifting daily spending (and a couple of monthly bills) over to the card. 

 

I converted all of my (very modest) crypto holdings to dollar-equivalent a couple of weeks ago, including a small amount that was in Solana.  The reason was to simplify the accounting and tax reporting, all of the non-stablecoin crypto that I held was from mining, and it is truly a bear to keep track of tax basis when you're receiving small amounts in multiple coins daily or every few days.  So the short story is that I sold it all, thus harvesting some tax losses, and plan to put the same amount back into just BTC and ETH in late December after more than 30 days will have passed so I'll avoid running afoul of the IRS wash sale rule.  

 

My own (amateur) opinion is that as capital begins to flow back into crypto, BTC and ETH will lead, because they are the most widely recognized with largest market capitalization.   Of course some others will do better but I am not informed enough to want to try to pick which ones, nor do I trust the vast majority of information out there. 

Great thing about that card is I get free Spotify and Netflix, as well as using the first class lounges worldwide when travelling. 

I don't care about the idiots high jacking these threads, they are bitter as they missed the boat. Funny as in 2018, they were saying exactly the same, when BTC dropped to $3k. Again, they should have bought but didn't and lost out on x20 gains. 

The charts show Dec/Jan low, so buying any time around then is a great move. 

I'm bigger in BNB than BTC and have no ETH. 

DOT and EGLD are my biggest holdings. 

Crypto adoption is rising rspidly as nd I estimate the next bull run to have $6 trillion.

[Lacessit]

11 minutes ago, Neeranam said:

Great thing about that card is I get free Spotify and Netflix, as well as using the first class lounges worldwide when travelling. 

I don't care about the idiots high jacking these threads, they are bitter as they missed the boat. Funny as in 2018, they were saying exactly the same, when BTC dropped to $3k. Again, they should have bought but didn't and lost out on x20 gains. 

The charts show Dec/Jan low, so buying any time around then is a great move. 

I'm bigger in BNB than BTC and have no ETH. 

DOT and EGLD are my biggest holdings. 

Crypto adoption is rising rspidly as nd I estimate the next bull run to have $6 trillion.

If you are a successful gambler in a casino, good for you.

You don't seem to understand if a thread only allows supporting points of view, it is no different to worshippers in a mosque.

 I see similarities between your stance and an EV thread where the OP asked the moderators to remove any posts which alluded to the flaws in the argument for EV's.

[watgate]

As a crypto skeptic I got in before the Wall St boys ,with their future crypto eft's entered the investment picture. I was lucky to make a little money and managed to bail before crypto tanked. I can see parallels between crypto and the precious metals market where the big boys from Wall st are manipulating the markets through various means such as paper contracts.

     As far as I am concerened its a whole different ballgame, and although some lucky folks who got onboard the crypto train long before the big boys entered the picture and made a small fortune, I think this gig is up. I keep hearing about cycles and maybe it will come to fruition at some point and the crypto enthusiasts who are championing their cause will ride this new wave to vast sums of riches.

[Lacessit]

46 minutes ago, watgate said:

 

     As far as I am concerened its a whole different ballgame, and although some lucky folks who got onboard the crypto train long before the big boys entered the picture and made a small fortune, I think this gig is up. I keep hearing about cycles and maybe it will come to fruition at some point and the crypto enthusiasts who are championing their cause will ride this new wave to vast sums of riches.

IMO there is going to be a short squeeze on paper silver, as people realize there is insufficient physical silver in existence.

I don't see any posts from Pravda, who boasted he had bought $200,000 of bitcoin. Nor do I see any FTX depositors talking about the losses they have had.

I guess these threads are mainly for people to pat themselves on the back, and credit their gains to skill rather than luck.

[Manger2]

Lacessit- I hope you are right about a short squeeze but all I have heard for the past 10 years is silver is going to the moon. It is laughable how cheap silver really is. 

[Lacessit]

56 minutes ago, Manger2 said:

Lacessit- I hope you are right about a short squeeze but all I have heard for the past 10 years is silver is going to the moon. It is laughable how cheap silver really is. 

I agree. When I said a short squeeze on PAPER silver, I meant the shorts are trying to drive the price down. and there is not enough physical silver to back them up. Certainly silver is at the bottom of its historical ratio with the price of gold.

 

On an academic basis only, it would be interesting to know if shorting is happening in crypto, although it's a market so driven by belief it would be impossible to tell.

[watgate]

Lacessit- I do remember that when Wall St opened up the first Bitcoin futures ETF fund the second wealthiest person in Mexico said it was curtains for Bitcoin. He had made a ton of money in the crypto markets before the Wall St boys got involved but said, once they do get involved and several more bitcoin futures ETF were approved by the SEC, the easy money was over and the manipulation would take over the crypto market,

     Gary Gensler, the chairman of the SEC, was being touted by crypto enthusiasts because he evidently spoke highly about the future of cryptos and evidently was involved in the crypto market when he was in academia and was a strong proponent of them. 

     Once he became the chairman of the SEC he changed his tune and look how quickly the SEC approved several bitcoin future  ETF's but still haven't approved any bitcoin funds in the US whereby investors can buy bitcoin. He takes his marching orders from the Wall ST boys and Wall St and the Central bankers don't want a competing unregulated alternative currency succeeding and becoming a threat to their monopolistic control with their current system. 

     A crypto currency will emerge but it will be a crypto currency controlled by the Central bankers and Wall St so they can continue their game of controlling and rigging the financial markets for their benefit.

[Lacessit]

Latest news from Australia, more FTX fallout:

 

https://www.abc.net.au/news/2022-12-09/digital-surge-administration-ftx-cryptocurrency-savings-super/101753514