Jump to content
Washington Football Team Logo
Extremeskins

BitCoin falling like a Dotcom


joeken24

Recommended Posts

On 10/4/2021 at 5:19 PM, Chew said:

Anybody rocking with Shiba Coin?

 

I feel like it's a good strategy to buy $10-20 dollars worth of all this coins. It's the same as buying lottery tickets and no much lost in the long run

Link to comment
Share on other sites

A one-ton tungsten cube was just bought by a crypto cabal for $250,000

 

What’s 14.545 inches across, weighs one ton (around 907kg or 2,000lbs), and just sold to a group of anonymous crypto investors for roughly $250,000? Why, it’s the biggest tungsten cube ever to be manufactured by Midwest Tungsten Service of Willowbrook, Illinois.

 

Confused? Yes, that’s understandable. But consider this: tungsten cubes are one of the most popular memes in the world of cryptocurrency right now, a realm where value is defined as much by attention as anything tangible. (Call it the stonk market if you like.) Tungsten, if you’re not familiar, is a metal 1.7 times as dense as lead, and since 2015, nerdy types have been able to buy small cubes of tungsten manufactured by outfits like the Midwest Tungsten Service. Owning one has been a joke on Reddit for years, but in recent months, the cubes have become fashionable among crypto aficionados.

 

Why exactly this happened isn’t all that important. Some claim that the density of the cubes makes for a pleasing contrast with the immaterial nature of cryptocurrency and NFTs. Others say that the experience of holding these objects is its own reward. (I can vouch for that myself. I once had the pleasure of holding a kilogram made of an iridium alloy, which is denser than tungsten, and it was a genuinely cool experience.) The simplest and most convincing answer, though, is that buying tungsten cubes is just a good, solid meme.

 

The recent interest in tungsten cubes led the folks at Midwest Tungsten Service to ask themselves an important question: what’s the biggest tungsten cube they can build? From this query, their 14.545-inch cube was born, with access to the cube sold via an NFT.

 

As the company explained in a blog post announcing the project last month:

 

Quote

We will make the 14.545” cube, it will weight approximately 2,000 pounds. This NFT represents a real-world physical cube that will be stored at Midwest Tungsten Service headquarters and owned by the NFT owner. One visit to see/photograph/touch the cube per calendar year will be allowed and scheduled with a Midwest Tungsten Service representative. Unlockable content required for scheduling and proof of ownership required for entry. The cube will be stored in a room of its own that will be locked and only accessible by the NFT owner.

 

Subsequent owners of the NFT cannot visit the cube in a year in which the cube has already been visited. The cube will not be available to view until 12 weeks after the first sale. Burning the NFT will result in shipment to the most recent owner via freight truck, owner will be responsible for alerting Midwest Tungsten Service of the intention to burn and transport after freight drop-off.

 

Click on the link for the full article

Link to comment
Share on other sites

  • 4 weeks later...

Crypto-trading hamster Mr Goxx whose financial exploits beat Warren Buffett dies

 

A crypto-trading hamster with a record that outperformed some of the savviest investors on Wall Street has sadly died.

 

The tiny rodent, named Mr Goxx, had a small “office” which was dubbed the “Goxx Box” attached to his cage.

 

Mr. Goxx selected whether he wanted to trade Bitcoin or some other cryptocurrency by running in his wheel, which cycled a computer program, though various options.

 

After he finished his run he was exit the wheel area through one of two tunnels – one marked “buy” and the other "sell”.

 

The entire apparatus was connected directly to a computer program that executed the little animal's chosen trades.

 

2_Crypto-trading-hamster-Mr-Goxx-who-bea

 

The furry financier’s trades were streamed via Twitch, and in September Fortune magazine reported that his portfolio was trading more strongly than major financial institutions such as the Standard and Poor 500, Cathie Wood, and Warren Buffet’s Berkshire Hathaway.

 

But those financial giants can breathe a sigh of relief now, because the adorable little challenger has made his last trade.

 

Mr Goxx's official Twitter account announced on Tuesday that he had run around his wheel for the last time.

 

“We feared this day like no other and are truly shocked for it to happen just now. In deep sorrow, we have to announce the loss of our beloved furry friend,” the announcement read.

 

The two men behind Mr Goxx have not announced any plans to replace him. “Thank you and rest in peace, Max (a.k.a Mr. Goxx),” they wrote.

 

“You will be missed, and your memory will live forever on the blockchain”.

 

Click on the link for the full article

  • Haha 1
Link to comment
Share on other sites

@skinsmarydu

 

Megadeth launch their own cryptocurrency, $MEGA

 

Megadeth have launched $MEGA, their own cryptocurrency which offers special perks and benefits to fans who buy, hold and trade with it.

 

Announcing the new digital coin on Facebook on Thursday (December 2), the band wrote: “By buying, holding, and transacting with $MEGA, fans will gain access to exclusives and premium benefits.”

 

In addition, members of Megadeth's official fan club, Cyber Army, that hold $MEGA will unlock “additional exclusives, access, and offers”, starting with free $MEGA. This is available to all of the club's Premium, Deluxe and Free members now.

 

The thrash metallers jumped on the crypto train for the first time earlier this year when they sold their first NFT – a digital work of art entitled Vic Rattlehead: Genesis – for 8.4 ETH, roughly $18,000 at the time.

 

While many musical artists have bought into the NFT hype – including Joe Bonamassa, Yngwie Malmsteen and Muse's Matt Bellamy – Megadeth join a small list of musical artists who are using the world of crypto to offer real-world utility to fans.

 

Last month, California metallers Avenged Sevenfold announced the Deathbats Club, a community which gives fans who hold one of 10,000 NFTs access to a range of perks, including free concert tickets for life, guitar lessons with Synyster Gates and even a round of golf with frontman M Shadows.

 

Megadeth are currently gearing up to release their 16th studio album, The Sick, the Dying and the Dead, in 2022. 

 

We've yet to hear any official music, but band leader Dave Mustaine has shared two audio snippets in Cameo videos to fans so far, including a melodic section from the record's title track and a quintessentially Megadeth thrash riff that is yet-unattributed to a song.

 

Click on the link for the full article

  • Thanks 1
Link to comment
Share on other sites

Congressman's Comment on Volatile ****coins Spawns Volatile ****coins

 

On Wednesday, a panel of cryptocurrency industry executives appeared before the House Financial Services Committee to paint a picture of a stable, secure, and generally well-behaved $3 trillion industry while largely warding off lawmakers’ concerns about speculation, money laundering, and value inflation.

 

Understandably, some lawmakers bristled at this framing. After all, cryptocurrencies are at this point synonymous with volatility and speculative trading. A recent study published in Nature analyzed 6.1 million NFT trades and found a market dominated by deep-pocketed players, or “whales”: ten percent of traders performed 85 percent of all transactions and traded at least once 97 percent of all assets, according to the study.

 

In a moment that spread across the internet, Representative Brad Sherman (D-CA) asked: “Bitcoin could be displaced by Ether, which could be displaced by Doge, which would be replaced by a HamsterCoin. And then there’s CobraCoin, and what could MongooseCoin do to CryptoCoin?”

 

Shortly after, Sherman asks again if “MongooseCoin will always have a value? I don't know. I just made it up, it's a joke—although I said that about HamsterCoin and found out there really was a HamsterCoin.”

 

While Sherman was surprised to learn that HamsterCoin already existed, HamsterCoin holders were beyond elated. Before Sherman's comments, HamsterCoin was hovering around $0.000000014 before nearly doubling and hitting to $0.000000026 at 4PM on Wednesday, according to CoinMarketCap. It has since begun its inevitable dump after the pump and now hovers around $0.00000002. 

 

Click on the link for the full article

  • Haha 1
Link to comment
Share on other sites

Bitcoin could become ‘worthless’, Bank of England warns

 

The Bank of England has said that bitcoin could be “worthless” and people investing in the digital currency should be prepared to lose everything.

 

In a warning over the potential risks for investors, the central bank questioned whether there was any inherent worth in the most prominent digital currency, which has soared in value this year to close to $50,000 (£37,786) a piece.

 

The cryptocurrency peaked above $67,000 in early November, but suffered a sell-off after news first broke of the Omicron variant of coronavirus, before stabilising around its current level in the past week.

 

The deputy governor, Sir Jon Cunliffe, said the Bank had to be ready for risks linked to the rise of the crypto asset following rapid growth in its popularity. “Their price can vary quite considerably and [bitcoins] could theoretically or practically drop to zero,” he told the BBC.

 

The market capitalisation of crypto assets has grown tenfold since early 2020 to about $2.6tn, representing about 1% of global financial assets. 

 

Click on the link for the full article

Link to comment
Share on other sites

56 minutes ago, China said:

Bitcoin could become ‘worthless’, Bank of England warns

 

The Bank of England has said that bitcoin could be “worthless” and people investing in the digital currency should be prepared to lose everything.

 

In a warning over the potential risks for investors, the central bank questioned whether there was any inherent worth in the most prominent digital currency, which has soared in value this year to close to $50,000 (£37,786) a piece.

 

The cryptocurrency peaked above $67,000 in early November, but suffered a sell-off after news first broke of the Omicron variant of coronavirus, before stabilising around its current level in the past week.

 

The deputy governor, Sir Jon Cunliffe, said the Bank had to be ready for risks linked to the rise of the crypto asset following rapid growth in its popularity. “Their price can vary quite considerably and [bitcoins] could theoretically or practically drop to zero,” he told the BBC.

 

The market capitalisation of crypto assets has grown tenfold since early 2020 to about $2.6tn, representing about 1% of global financial assets. 

 

Click on the link for the full article

image.jpeg.31e80df07bb063c18ec752a4119f7236.jpeg

Link to comment
Share on other sites

Imo, DEX is the future.  Whether BTC is the adopted currency remains to be seen (unlikely.)  My hesitation with BTC is the fact that 60% of its transactions are made through Tether, which is made out of thin air (like the dollar, but I digress.)  Tether will crash soon, and BTC/crypto too.  Something else will rise from the ashes.

 

Also remember, not your keys, not your coins.

Link to comment
Share on other sites

This mom quit her job to focus on crypto full time and build ‘generational wealth.’ Now she makes around $80,000 per month

 

After more than a decade as a mortgage underwriter at USAA, Brenda Gentry resigned in October 2021. Rather than continue in traditional finance, she pivoted to crypto full-time. Now, Gentry runs a crypto consulting firm, which she launched after leaving her job.

 

The San Antonio resident sees crypto as a way to accumulate and pass on generational wealth. She and her family are excited about the “unprecedented opportunities offered by crypto,” Gentry, 46, tells CNBC Make It.

 

Before going “all in” and leaving her steady 9-to-5, Gentry began investing in cryptocurrencies during the Covid-19 lockdown in 2020. She started small, but gradually began investing more.

 

By early 2021, she had garnered substantial returns. “My investment portfolio surpassed my 401(k) — which had taken 11 years to get to $200,000 — in six months,” Gentry says. She acknowledges that cryptocurrency is a risky investment, but her experience in finance and process of due diligence helps her feel comfortable investing in the space.

 

Click on the link for the full article

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...