In a sense even the location of real estate is a wholly subjective intangibility. "Crypto" is simply a purer form of investing in nothing

 

Hah! Good to see you back with us!

You know you are in a bubble when everyone is talking about it at cocktail parties and everyone knows people that made alot of money off of it. Then FOMO kicks in. FEAR OF MISSING OUT.

Good news is no one yet in my neighborhood is talking about the 996.

 

Crypto - just look at the statistics in terms of who buys it. The majority of investors are uneducated and under 30. I think that says a lot.

 

I am glad Chunks turned a profit and is now a 996 owner.

The viability of Crypto, NFTs and other digital assets is a deep topic that will be solved by the markets and government policy over the next few years.

Doubt many countries going forward will attempt what el salvador did with bitcoin.

 

The gov't will figure out how to capitalize on it and magically F*&K it up like it always does.

I don't have a ton of money in crypto and to give you an idea, I made about $24k in Doge with a $1400.00 initial purchase at .008 per. Think I'm about $3700 in now after I sold all my Doge; that wallet is hovering at around 4200ish(peak was 7500) which isn't really "investing", I have traditional methods for that type of stuff. That friend I mentioned before is one of "those guys" and everything revolves about crypto which obviously I am not. Will it surpass fiat money? Nope. Is it competition to fiat? Depends I guess. Does the gov't really understand how it works? Nope but the current admin is exploring what a E-USD would look like. If we've learned anything recently is the USD is getting closer to being Monopoly money, especially since inflation is murdering us at the moment and we're on the cusp of another recession. Crypto is essentially the same as people dabbling on pink sheet stocks, fraction of pennies just floating in the ether... but in this case you can actually take loans against Bitcoin and can use certain coins to purchase things online. It's a weird millennial niche, same way the .com boom was for Gen X'rs... I'm about to turn 40 so I see both sides of the argument because I grew up in an analog world and now manage and operate UAV sites across the globe. It's easier to bash something when you don't put time to figuring out how it works, unfortunately the people who are deep in Crypto are weirdos and salesmen. It's not something that can be learned without aggravation.

 

This is a great topic to discuss over whiskey and cigars during the tail of the dragon trip.

 

It’s real because it’s on the blockchain

 

Now NFTs... a whole different animal.

Absolutely and looking forward to it.

 

Two sides of the same coin

 

#8585 went for $2.7 million - but what does it mean? You have it. I have it....

 

It means that there are alot of folks that lack common sense.

 

Exactly! Like I own a picture you can screenshot and share... but everyone knows I own it.

 

Oh DAMN! Sorry Chunk, I didn't know you owned it when I included it my response!

 

But we don’t have access to the “collaborative graffiti board”.

 

Interesting... still a hard pass.

Ha I wish! These 996 parts are getting expensive.