Crypto-Currencies and Bitcoin

Do Not Sell My Personal Information

Scrote Squad

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There are several ways to make a profit in crypto, Nfts is not what I am personally doing, but there have been people that have been very good at flipping them.
Investing, staking and receiving rewards and then getting cash back on sales can be very rewarding if you put in the time. Finding the right platform to buy and hold is critical. I would highly recommend voyager myself.
Knowing what is going on in crypto requires a ton of time invested. I got introduced in January and am still learning daily, but It is an amazing opportunity To improve your situation. If you are serious about learning, I highly recommend looking into some of the promising blockchain Projects competing with Eth.

Again it seems like this thread should be called a complete beginners guide to crypto. Nothing wrong with that, but its not a real conversation when people are just making statements without knowing what they are taking about.
I think I can speak for the rest of us when I say thank you for gracing us with your presence!!
 

Man Called X

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Some projects, certainly not all or even the majority. And it’s always pretty obvious who is doing it. I’m in dozens of projects and I can promise you plenty of non whales have become whales. Especially in bored ape yacht club
BAYC got straight robbed. And will continue to get robbed for all eternity on royalties too. By far one of the funniest things I've seen.
 

The Wizard of Moz

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BAYC got straight robbed. And will continue to get robbed for all eternity on royalties too. By far one of the funniest things I've seen.
Agreed man. No one got robbed more than people who spent 300 dollars in May for an ape worth 130K minimum today, a dog worth 10K minimum today, and a mutant worth 15K minimum today

these guys got fucking hosed. Let’s all laugh in poor at them
 

The Wizard of Moz

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I think I can speak for the rest of us when I say thank you for gracing us with your presence!!
crypto and NFT bros can be annoying for sure, but also think about it in their shoes. These are guys who have been told for years (some a decade) that they are idiots, in a Ponzi scheme, use something only good for money laundering. And it’s almost entirely by people who have spent hours if not minutes actually researching what they are so confidently bashing. The same thing is repeating with NFTs now. X is flexing like he knows anything about the space when it’s so clear he’s just a guy mad that he missed out on another generational opportunity and copes by saying people who made retirement money in months are actually somehow getting robbed
 

Man Called X

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Agreed man. No one got robbed more than people who spent 300 dollars in May for an ape worth 130K minimum today, a dog worth 10K minimum today, and a mutant worth 15K minimum today

these guys got fucking hosed. Let’s all laugh in poor at them
And seeing nonsense like this is the reason that so many people get hosed. Garbage like that is solely just money laundering, but keep thinking you'll be able to sell NFTs for millions all the time. Just like Top Shot was the hot NFT until it's value plummeted. The world economy is in for some brutal correction after this wave of inflation is done.

But you'll be fine with your portfolio of gifs.
 

Man Called X

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crypto and NFT bros can be annoying for sure, but also think about it in their shoes. These are guys who have been told for years (some a decade) that they are idiots, in a Ponzi scheme, use something only good for money laundering. And it’s almost entirely by people who have spent hours if not minutes actually researching what they are so confidently bashing. The same thing is repeating with NFTs now. X is flexing like he knows anything about the space when it’s so clear he’s just a guy mad that he missed out on another generational opportunity and copes by saying people who made retirement money in months are actually somehow getting robbed
Like I mentioned earlier, I had more BTC stolen during the Mt. Gox fiasco than you'll ever own. Keep talking about how rich you are now.
 

The Wizard of Moz

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Like I mentioned earlier, I had more BTC stolen during the Mt. Gox fiasco than you'll ever own. Keep talking about how rich you are now.
Try not to talk about how much you had and then get mad when others say they’re better off than the Walmart employee

I’ll clap on everyone, but God forbid they clap back
 

Man Called X

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Try not to talk about how much you had and then get mad when others say they’re better off than the Walmart employee

I’ll clap on everyone, but God forbid they clap back
I haven't been a Walmart employee in almost 8 years now, but yup.

I have no problem with cryptocurrency, nor those that make their money trading it.

NFTs are the stupidity where I draw the line. And all those BAYC guys are still going to be paying a 10% royalty to 1 anonymous guy for all eternity as well.
 

The Wizard of Moz

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And all those BAYC guys are still going to be paying a 10% royalty to 1 anonymous guy for all eternity as well.
This is the thing that shows you just haven’t researched them at all.

there is a 2.5% royalty on all secondary SALES. It’s not a perpetuity paid for just holding it that would be insanity.

so, you’re right, take all the numbers I quoted earlier and multiply them by 0.95 after 2.5% royalty and 2.5% opensea cut. It doesn’t change the fact that people spent 300 dollars in may and it’s worth minimum 150K now.
 

The Wizard of Moz

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Again that’s the problem with crypto and NFT space. People do minimal research, have an extremely strong opinion on it, and then assume that anyone in it is either a money launderer or someone who is financially brain dead and being taken to the cleaners by money launderers and then proceed to just talk down to them

and then when those same people are hostile back after basically being told they have single digit brain cells it’s the pikachu shocked gif.
 

Man Called X

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This is the thing that shows you just haven’t researched them at all.

there is a 2.5% royalty on all secondary SALES. It’s not a perpetuity paid for just holding it that would be insanity.

so, you’re right, take all the numbers I quoted earlier and multiply them by 0.95 after 2.5% royalty and 2.5% opensea cut. It doesn’t change the fact that people spent 300 dollars in may and it’s worth minimum 150K now.
I thought the royalty was higher than that, but are you just leaving out the fact that the dude has cut off all communication?

Someone wants to drop $150k on a gif, more power to them, but just like Top Shots was a fad that's already fizzling out, so too shall BAYC.

Cavatt made a good point that it's basically just some legal insider trading with a lot of pump and dump schemes going on.

And for your info, all my BTC was made selling weed online, so yes, for my purposes, it was solely for money laundering.
 

The Wizard of Moz

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I thought the royalty was higher than that, but are you just leaving out the fact that the dude has cut off all communication?

Someone wants to drop $150k on a gif, more power to them, but just like Top Shots was a fad that's already fizzling out, so too shall BAYC.

Cavatt made a good point that it's basically just some legal insider trading with a lot of pump and dump schemes going on.

And for your info, all my BTC was made selling weed online, so yes, for my purposes, it was solely for money laundering.
it’s 2.5% which for better or worse is pretty standard to low in the space. And I’m in the discord and the founders are in there so I’m not sure what you mean about cut off communication. We have ape fest in NYC in a week which has been updated weekly along with the development of the upcoming coin.

and I agreed with caveat that a lot of projects are clear cut pump and dumps. But 85% of these are left for dead after a month so I don’t see how that fits the bill

I’m into NFTs, I’ve made decent coin, and I’m not a money launderer. If I’m getting taken for a ride and you’re right so be it. I obviously don’t think that’s the case but I also won’t rule it out as 0% chance
 

Man Called X

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Again that’s the problem with crypto and NFT space. People do minimal research, have an extremely strong opinion on it, and then assume that anyone in it is either a money launderer or someone who is financially brain dead and being taken to the cleaners by money launderers and then proceed to just talk down to them

and then when those same people are hostile back after basically being told they have single digit brain cells it’s the pikachu shocked gif.
My answer is if you want to make money on the scam, by all means. Do it. You can make money at it. If you're real good, you might even make generational money at it. The real money is being made by the whales tho. I just don't think the average person needs to jump into the space.
it’s 2.5% which for better or worse is pretty standard to low in the space. And I’m in the discord and the founders are in there so I’m not sure what you mean about cut off communication. We have ape fest in NYC in a week which has been updated weekly along with the development of the upcoming coin.

and I agreed with caveat that a lot of projects are clear cut pump and dumps. But 85% of these are left for dead after a month so I don’t see how that fits the bill

I’m into NFTs, I’ve made decent coin, and I’m not a money launderer. If I’m getting taken for a ride and you’re right so be it. I obviously don’t think that’s the case but I also won’t rule it out as 0% chance
I'm going to have to find the article I read about it a week or so back. Could've sworn I read the owner of the wallet tied to the royalties had quit communications with the rest of the team.

Maybe I'm confusing it with something else?
 

The Wizard of Moz

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I just don't think the average person needs to jump into the space.
This definitely isn’t something I disagree with. I keep multiple databases tracking every projects and i know how to track wallets to see if something is being clearly influenced by whales with multiple wallets. The average person isn’t going to do that.

I wouldn’t be surprised if you read that. There’s a lot of absolute squids in the space right now because of so much money in the space. But I would be very confused if it was about BAYC which is really at the forefront of the space and always in the public eye.

one thing I’ll say about BAYC is that they released their mutant club. It’s a second tier membership. They released 10K for free to bored ape holders. They released 10K in a surprise public sale. They didn’t tell anyone, didn’t market it, didn’t ask. Sold 10K for ~110M in under an hour in money they raised.

Apple, FB, MSFT, Tesla, Google, Amazon etc are companies that I think could do something similar where they just trade IP for 100M+. But it’s not a super long list. And I think they could do it again tomorrow. Now what they do with those funds is the other piece of that. That could go towards building something great for the holders, it could go towards their pockets and they pull the rug of the century. I obviously believe it’s the former lol
 

Man Called X

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This definitely isn’t something I disagree with. I keep multiple databases tracking every projects and i know how to track wallets to see if something is being clearly influenced by whales with multiple wallets. The average person isn’t going to do that.

I wouldn’t be surprised if you read that. There’s a lot of absolute squids in the space right now because of so much money in the space. But I would be very confused if it was about BAYC which is really at the forefront of the space and always in the public eye.

one thing I’ll say about BAYC is that they released their mutant club. It’s a second tier membership. They released 10K for free to bored ape holders. They released 10K in a surprise public sale. They didn’t tell anyone, didn’t market it, didn’t ask. Sold 10K for ~110M in under an hour in money they raised.

Apple, FB, MSFT, Tesla, Google, Amazon etc are companies that I think could do something similar where they just trade IP for 100M+. But it’s not a super long list. And I think they could do it again tomorrow. Now what they do with those funds is the other piece of that. That could go towards building something great for the holders, it could go towards their pockets and they pull the rug of the century. I obviously believe it’s the former lol
My main concern is the continued viability. Chips still can't be manufactured fast enough, supply chains are crumbling. It's just accelerating our climate issues. Just feels like we're fast approaching a nasty global reset of economies. So I'll just keep prepping and buying bullets.
 

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