The next big crypto! What do you guys think.

I'm in.

Hilarious to watch and couldn’t happen to a more ridiculous crypto.

Lots of people piling into Doge in anticipation of Elon pumping it on SNL. Lots of money will be quickly made and quickly lost in these meme coins, hopefully people are smart enough to take profits. I'm out, sticking to projects who are building something and trying to solve actual problems.

Isn't that the one where the guy running the crypto exchange in Turkey closed down the exchange last week and disappeared with about a billion dollars in crypto currency? Seems there is an international manhunt going on to find him and the money....

I think crypto is trying to solve the problem of governments printing fiat currencies and devaluing peoples hard earned money. Look no further than the US government.

No. You are thinking of a Turkish exchange, Thodex I believe.

Thodex ran a promo to give free Doge to anyone who created an account there. Once they built up a good bit on deposit they folded up and ran off with the funds.

That is one factor that was driving people to create account at Thodex. Inflation is killing them and people were trying to get out of the Lira.

No way, Jose.

Guy here at work said his son bought 10 K worth when it was below a penny. At 51cents this morning. That is real growth.

So he has held all 10K ?

I am up 70 percent and as soon as SNL makes a point of mentioning it and 200k boomers go "oh this new thing" and pour money in and it shoots up....i am cashing out lol

When something gets popular...that means you stayed in too long.

Old saying in the construction business for money jobs:

Get there before the whores and gamblers and leave before they do.

Like them or hate them....meme stocks and crypto make money if you pay attention. It’s been a good ride.

The guy who created Doge sold his stack in 2015 for roughly the price of a Honda Accord. Rational decision at the time for what was intended to be a joke.

Doge now has a market cap larger than Honda’s.

Where is the best place for one to buy these crypto coins?

See. Lol

No reason to hate them but lots of reasons to do your homework and educate yourself on them.

Much good info has been put here on The Campfire.

Do you buy that schit with real money? Can you sell that schit for real money?

Yes and yes

Can one buy a loaf of bread and a potato with it at the corner store?

Truth.

The old adage in the market was to buy it when everyone calls you a fool.

And sell it when they tell you how smart you were!

Yes

Do you first go to the ATM for the cash to effect the purchases ?

Yeah I see a lot of people interested in getting in now when the price is sky high, but months ago when it was low few were interested. FOMO, or fear of missing out, is a very real thing.

That's not why one buys investments.

Yep
If I buy into it right now they will go bankrupt in a month.
I purchased Silver at $36 per oz. and Gold at around $1800.
Because I listened to people say that it was going sky high.
They were right but it was sky high when i purchased and wend down soon after.
Right now I do not think that I will be one to jump into Cripto.
The rest of you can be a sherd that it will not be me that makes it fall.
It will probably shoot up because I do not buy into it.

I'm not by any means saying this is a bad time to get into crypto, but there are a lot of different ones out there, and not all are created equal. Unfortunately, its the sheitcoins that often attract the attention of newcomers because they heard about someone making millions overnight.

Alan Greenspan called such as this “irrational exuberance”.

And then came the dot com crash as did the sub prime crash.

But this time could be different. Crypto appears to have legs.

I was in at .04 cents back in late Jan/early Feb with a few grand I had from a tiny little side investment and some sports betting winnings. $3875 worth at .04. Sold it all on my Birthday last week for ~.31 cents.

That money was 100% funny money I never intended to be serious about. But I no longer have a Tundra payment, so that's nice.

I've been slow adopting crypto but my son is rapidly convincing me to see the light.

My buddy that follows crypto pretty closely advised me to stay clear a couple months ago. Lol

Anyone have an opinion on Montero (XMR)?

Crypto’s biggest hurdle will be deciding whether it’s a currency or an investment.

Right now, it’s ardent proponents want it to be a currency, but the market is treating it like an investment.

If you need your transactions to be private and anonymous rather than just anonymous it is the crypto for you. That is the main focus of its development and it seems to work very well for that.

Crypto doesn't "decide" anything nor, in most cases, is there even anyone controlling them who could "decide". All of them are just a set of rules that provide for cryptographic proof of work to be done between two operators.

The need for something to be one or the other exists mostly in the mind of boomers who need to satisfy their simple view of how the world works. They think their fiat currency has some fixed value, don't know about Forex markets, and have no idea that precious metals long have been and still are used as currencies and investments all over the world outside of boomerland.

Find a duplex or triplex (or ...) that needs work.
Fix it.
Rent it.
Laugh at Wall Street.

I think that's pretty solid. I've been adding bitcoin and some alts for store of value. Hedging against inflation seems prudent. Equities are on shaky territory, relying on central banks and the fed.
Betting on Doge coin is pure gambling, imo.

Good advice for the mildly retarded who can handle only one task at a time.

Those of us who can, do both and then some. I’ve restored many hundreds of historic homes to sell to hipsters, and traded stocks and ETFs and crypto and boomer metal in between hammer blows.

Laughing. You pompous fugking moron. Many here have been doing it all for decades.

Stupid loudmouth fugk.

Try not to laugh and swing a hammer at the same time, you’ll bust your thumb off.

You're an ignorant fugk, not worthy of engaging.

FOAD.

A lot of people unfortunately don't have either the funds or the skills to do something like that. For the guy who only has maybe 5K to invest, crypto can be very appealing.

So the market determines the value and nothing more? Nuther words, it's worthless without a market?.. even though it does appear to have a small following now?

I've made $22k profit in 30 hours on a [bleep]. Easy money