FOFC & Crypto

Kodos · 05-25-2023, 09:05 AM

Just curious about what percentage of FOFC denizens own crypto assets. Anonymous poll to come.

Kodos · 05-25-2023, 09:07 AM

One could easily guess from my posts on the topic that I don't own crypto.

NobodyHere · 05-25-2023, 09:09 AM

I try to follow it with a morbid curiosity but in the end I think it's a decentralized ponzi scheme and I don't want to be the bagholder.

Kodos · 05-25-2023, 09:27 AM

Yeah, I certainly have no reason to think that I would be one of the crypto winners. I'd end up being a crypto lemming in all likelihood.

Edward64 · 05-25-2023, 09:31 AM

Should be an option that says "no, but plan to within x months". That's me

sovereignstar v2 · 05-25-2023, 09:34 AM

I have crypto, but I don't use it for investing lol

flere-imsaho · 05-25-2023, 08:19 PM

Once I invent my time machine I'll go back to 2010 or whatever and buy/mine a lot of Bitcoin but until then I prefer to do my gambling elsewhere.

Fidatelo · 05-26-2023, 07:21 AM

Is a random Winnipeg Jets NFT that I bought foolishly thinking it might be neat but instead found it to be a totally stupid piece of crap considered a 'crypto asset' or are we talking about actually owning things we consider investments?

albionmoonlight · 05-26-2023, 08:23 AM

I voted no, but I do have ~$3.00 worth of "Wrapped LUNA token" that I bought for $50.00 when LUNA was crashing, thinking that there'd be a dead cat bounce and I'd sell the next day for $100.

Turns out that it was more of a WKRP Turkey Drop than a Dead Cat Bounce.

Kodos · 05-26-2023, 08:25 AM

As god is my witness, I thought turkeys could fly.

Fidatelo · 05-27-2023, 07:54 AM

I'm voting no since the poll (which wasn't there when I commented) calls out 'crypto currency' specifically.

Hammer · 05-29-2023, 03:43 AM

The problem with crypto is people buy it without the prerequisite 50 hours+ to gain a simple understanding of the space and wonder why they lose money. Outside of the covid black swan Bitcoin has been entirely predictable for years. I have likely spent over 1000 hours researching the space, now it is far easier for me to make money in Bitcoin. 99% of projects are a scam. Sadly most retail jump in to those projects.

You will see in the Bitcoin thread I was telling anyone who would listen last Christmas was the time to buy.

View Poll Results: Do you own any crypto currency?
Yes, it's part of my investing strategy.	5	13.51%
No, I don't invest in crypto currency.	29	78.38%
I only own Troutcoin.	3	8.11%
Voters: 37. You may not vote on this poll

05-25-2023, 09:09 AM	#3
NobodyHere Grizzled Veteran Join Date: Nov 2013	I try to follow it with a morbid curiosity but in the end I think it's a decentralized ponzi scheme and I don't want to be the bagholder. __________________ "I am God's prophet, and I need an attorney"

05-25-2023, 09:27 AM	#4
Kodos Resident Alien Join Date: Jun 2001	Yeah, I certainly have no reason to think that I would be one of the crypto winners. I'd end up being a crypto lemming in all likelihood. __________________ Author of The Bill Gates Challenge, as well as other groundbreaking dynasties.

05-26-2023, 07:21 AM	#8
Fidatelo Pro Starter Join Date: Nov 2002 Location: Winnipeg, MB	Is a random Winnipeg Jets NFT that I bought foolishly thinking it might be neat but instead found it to be a totally stupid piece of crap considered a 'crypto asset' or are we talking about actually owning things we consider investments? __________________ "Breakfast? Breakfast schmekfast, look at the score for God's sake. It's only the second period and I'm winning 12-2. Breakfasts come and go, Rene, but Hartford, the Whale, they only beat Vancouver maybe once or twice in a lifetime."

05-26-2023, 08:25 AM	#10
Kodos Resident Alien Join Date: Jun 2001	As god is my witness, I thought turkeys could fly. __________________ Author of The Bill Gates Challenge, as well as other groundbreaking dynasties. Last edited by Kodos : 05-26-2023 at 09:26 AM.

05-25-2023, 09:07 AM	#2
Kodos Resident Alien Join Date: Jun 2001	One could easily guess from my posts on the topic that I don't own crypto.

05-25-2023, 09:31 AM	#5
Edward64 Head Coach Join Date: Oct 2005	Should be an option that says "no, but plan to within x months". That's me

05-25-2023, 09:34 AM	#6
sovereignstar v2 hates iowa Join Date: Oct 2010	I have crypto, but I don't use it for investing lol

05-25-2023, 08:19 PM	#7
flere-imsaho Coordinator Join Date: Sep 2004 Location: Chicagoland	Once I invent my time machine I'll go back to 2010 or whatever and buy/mine a lot of Bitcoin but until then I prefer to do my gambling elsewhere.

05-26-2023, 08:23 AM	#9
albionmoonlight Head Coach Join Date: Oct 2000 Location: North Carolina	I voted no, but I do have ~$3.00 worth of "Wrapped LUNA token" that I bought for $50.00 when LUNA was crashing, thinking that there'd be a dead cat bounce and I'd sell the next day for $100. Turns out that it was more of a WKRP Turkey Drop than a Dead Cat Bounce.

05-27-2023, 07:54 AM	#11
Fidatelo Pro Starter Join Date: Nov 2002 Location: Winnipeg, MB	I'm voting no since the poll (which wasn't there when I commented) calls out 'crypto currency' specifically. __________________ "Breakfast? Breakfast schmekfast, look at the score for God's sake. It's only the second period and I'm winning 12-2. Breakfasts come and go, Rene, but Hartford, the Whale, they only beat Vancouver maybe once or twice in a lifetime."

05-29-2023, 03:43 AM	#12
Hammer College Prospect Join Date: Sep 2005	The problem with crypto is people buy it without the prerequisite 50 hours+ to gain a simple understanding of the space and wonder why they lose money. Outside of the covid black swan Bitcoin has been entirely predictable for years. I have likely spent over 1000 hours researching the space, now it is far easier for me to make money in Bitcoin. 99% of projects are a scam. Sadly most retail jump in to those projects. You will see in the Bitcoin thread I was telling anyone who would listen last Christmas was the time to buy.

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