Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Daily Express)   Much Elon. Such praise. Slight gain (possible nsfw content on page)   (express.co.uk) divider line
    More: Followup, Money, Mr Musk, Tesla CEO, Bitcoin payments, digital currency uses, value of Bitcoin, crypto site Coindesk, Mr Musk's tweet  
•       •       •

655 clicks; posted to Business » on 14 May 2021 at 2:41 AM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



22 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-05-14 4:02:04 AM  
I tried to buy some dogecoin just for the lulz and to say "I was there for that"
That has to be the most convoluted way to throw away money.  It was like a five step process that involved multiple exchanges just to purchase a dogecoin.  Is it easier to purchase in the States?
 
2021-05-14 4:13:12 AM  
Such buy!
So munny
WOW
 
2021-05-14 4:16:19 AM  
Nothing proves money is fake more than the fact that we have to take Dogecoin seriously.

Who wants to trade Pokémon cards instead? I have a whole box of them and I've been rubbing it in my mom's face that, unlike her beanie babies, my investment actually paid off.
 
2021-05-14 5:13:19 AM  

MattytheMouse: Nothing proves money is fake more than the fact that we have to take Dogecoin seriously.

Who wants to trade Pokémon cards instead? I have a whole box of them and I've been rubbing it in my mom's face that, unlike her beanie babies, my investment actually paid off.


sell with care. a dear friend MomCat from MN USA helped her son sell some P cards on eBay. the Buyer balked, cherry picked the best and brightest and sent back some counterfeits and some substitutes, keeping finer grade in a false swap. demanded their money back, eBay of course refunded their money.

I myself have sold over 5,000 items on eBay. throughout the years they treat small Sellers worse and worse, to the point it's as if you have no rights or recompense. we can largely thank our government for this, because no one is standing up for the tax paying voter eBay using schmuck. sorry for the rant, it's late and I'm cranky.
 
2021-05-14 5:20:28 AM  
I regret not mining these during the first crypto bubble, but chances are I would have lost them anyway. I'm still thinking of buying or mining them.

I feel like the pandemic exposed all the dirty secrets of the economy, like taking the seat cover off a used hooptie you just bought. The filthy residue of decades of dirty deeds, spilled drinks, and dropped joints is all over that, but as long as we had that seat cover on we could pretend the back seat hadn't seen more action than a multi-tour Afghan combat vet.

Crypto makes no damn sense, but money itself is a sort of long con. The only value it has is what we agree to. Yes, I know you're gonna give me the spiel about how great it is, but look: if the confidence is shaken enough, it turns into paper scrap like it did in Weimar Germany or Zimbabwe or elsewhere. And that confidence is definitely a tiny bit shaken, not enough to really hurt yet but enough that we all noticed.
 
2021-05-14 6:46:05 AM  

MattytheMouse: Nothing proves money is fake more than the fact that we have to take Dogecoin seriously.

Who wants to trade Pokémon cards instead? I have a whole box of them and I've been rubbing it in my mom's face that, unlike her beanie babies, my investment actually paid off.


Just snap a Polaroid of your collection, shake it like it owes you money, scan it on a flatbed, then NFT that sucker and put it up for auction.

/Then laugh at whoever buys it because they still can't play your holofoil Charizard to impress their friends.
 
2021-05-14 8:10:12 AM  

adamatari: I regret not mining these during the first crypto bubble, but chances are I would have lost them anyway. I'm still thinking of buying or mining them.

I feel like the pandemic exposed all the dirty secrets of the economy, like taking the seat cover off a used hooptie you just bought. The filthy residue of decades of dirty deeds, spilled drinks, and dropped joints is all over that, but as long as we had that seat cover on we could pretend the back seat hadn't seen more action than a multi-tour Afghan combat vet.

Crypto makes no damn sense, but money itself is a sort of long con. The only value it has is what we agree to. Yes, I know you're gonna give me the spiel about how great it is, but look: if the confidence is shaken enough, it turns into paper scrap like it did in Weimar Germany or Zimbabwe or elsewhere. And that confidence is definitely a tiny bit shaken, not enough to really hurt yet but enough that we all noticed.


Up till a couple years ago, there were still Dogecoin faucets running. You didnt even have to mine; just hook your wallet up to one and get a steady trickle of Doge for free.
 
2021-05-14 8:48:48 AM  

MattytheMouse: Nothing proves money is fake more than the fact that we have to take Dogecoin seriously.

Who wants to trade Pokémon cards instead? I have a whole box of them and I've been rubbing it in my mom's face that, unlike her beanie babies, my investment actually paid off.


I took the last stimmy and bought sealed MTG product. I didnt uave a need for the funds and I didnt have anything i wanted to invest with those funds given my positions are set. Instead of rotting away in a savings account.

Up 18% in 2 months.

Im only using this as a savings vehicle, not really an investment. If the money stays in cash the future purchasing power is going to 0.

Literally. Im sitting on $1400 in MTG product. I love the game and you learn over time what sets do well in time.

In 20 years Ill flip them to a card dealer for thousands more where in a savings account id earn $2.95 and purchasing power that was cut in half.
 
2021-05-14 8:52:08 AM  

MattytheMouse: Nothing proves money is fake more than the fact that we have to take Dogecoin seriously.

Who wants to trade Pokémon cards instead? I have a whole box of them and I've been rubbing it in my mom's face that, unlike her beanie babies, my investment actually paid off.


Minus one point. Post forgot to mention tulips.
 
2021-05-14 8:53:33 AM  

SumoJeb: I tried to buy some dogecoin just for the lulz and to say "I was there for that"
That has to be the most convoluted way to throw away money.  It was like a five step process that involved multiple exchanges just to purchase a dogecoin.  Is it easier to purchase in the States?


I talked to a younger coworker who had small amounts of Bitcoin (fragments, a few hundred bucks worth).  Apparently there is a way to trade outside of the service providers but it's a PITA.  So he just paid for a Bitcoin wallet USB drive then paid the high fees to load it with coin.  If you are impulsive it's very easy to trade your way into negative territory with crypto, never mind the absurdly high brokerage fees.  If you spend it in the USA, it's the equivalent of trading stocks, so you have to report every transaction on your annual tax filing with the government (how much you paid for the coin and how much you sold it for).  Usually entered by hand since crypto servicers don't do this for you like a conventional stock brokerage would.
For those who hold onto the crypto or went all-in and held it's paying off.  I heard anecdotally of someone who made millions this year after having slowly invested in Bitcoin over the last decade.
There are three crypto ETFs now as well, one is up 300% or so for the year, which IMHO seems to be a better way to trade given that the fees are much lower and you don't have to keep the coin codes on a thumb drive, plus you get the services of Fidelity or Schwab.
/Yeah yeah, stay off my lawn
 
2021-05-14 8:57:36 AM  

Northern: SumoJeb: I tried to buy some dogecoin just for the lulz and to say "I was there for that"
That has to be the most convoluted way to throw away money.  It was like a five step process that involved multiple exchanges just to purchase a dogecoin.  Is it easier to purchase in the States?

I talked to a younger coworker who had small amounts of Bitcoin (fragments, a few hundred bucks worth).  Apparently there is a way to trade outside of the service providers but it's a PITA.  So he just paid for a Bitcoin wallet USB drive then paid the high fees to load it with coin.  If you are impulsive it's very easy to trade your way into negative territory with crypto, never mind the absurdly high brokerage fees.  If you spend it in the USA, it's the equivalent of trading stocks, so you have to report every transaction on your annual tax filing with the government (how much you paid for the coin and how much you sold it for).  Usually entered by hand since crypto servicers don't do this for you like a conventional stock brokerage would.
For those who hold onto the crypto or went all-in and held it's paying off.  I heard anecdotally of someone who made millions this year after having slowly invested in Bitcoin over the last decade.
There are three crypto ETFs now as well, one is up 300% or so for the year, which IMHO seems to be a better way to trade given that the fees are much lower and you don't have to keep the coin codes on a thumb drive, plus you get the services of Fidelity or Schwab.
/Yeah yeah, stay off my lawn


Real money hasnt entered the space yet. The 1T valuation now is basically retail.

The current ETFs are Canadian. 9 ETF apps are sitting waiting for approval. Thatll open up large institutions to buy. Plus on July 1, Germany changed their laws to allow BTC purchases in certain retirement accounts. The balance of those accounts is 1.8T. Will all flow to BTC not even close. But the sideline money waiting to get in is startling.

/not advice
 
2021-05-14 10:00:19 AM  

SumoJeb: I tried to buy some dogecoin just for the lulz and to say "I was there for that"
That has to be the most convoluted way to throw away money.  It was like a five step process that involved multiple exchanges just to purchase a dogecoin.  Is it easier to purchase in the States?


It's like buying any stock. You open an account at an exchange, fund it and buy what you want. It isn't complicated.
 
2021-05-14 10:05:29 AM  

adamatari: I regret not mining these during the first crypto bubble, but chances are I would have lost them anyway. I'm still thinking of buying or mining them.

I feel like the pandemic exposed all the dirty secrets of the economy, like taking the seat cover off a used hooptie you just bought. The filthy residue of decades of dirty deeds, spilled drinks, and dropped joints is all over that, but as long as we had that seat cover on we could pretend the back seat hadn't seen more action than a multi-tour Afghan combat vet.

Crypto makes no damn sense, but money itself is a sort of long con. The only value it has is what we agree to. Yes, I know you're gonna give me the spiel about how great it is, but look: if the confidence is shaken enough, it turns into paper scrap like it did in Weimar Germany or Zimbabwe or elsewhere. And that confidence is definitely a tiny bit shaken, not enough to really hurt yet but enough that we all noticed.


It's used around the world for smuggling, human trafficking, bribery, and corruption.  It is also a commodity that some groups horde, like the Chinese government and investment funds.  I suspect many are using it for tax evasion and money laundering as well.
So not without value.
 
2021-05-14 10:46:54 AM  
I'm really beginning to hate that guy.

Anyhow, I bought more Doge.
 
2021-05-14 11:22:19 AM  

SumoJeb: I tried to buy some dogecoin just for the lulz and to say "I was there for that"
That has to be the most convoluted way to throw away money.  It was like a five step process that involved multiple exchanges just to purchase a dogecoin.  Is it easier to purchase in the States?


You need to find an exchange in your region which supports Dogecoin. There are some, with more on the way. You might even find an ATM / vending machine in a local coffee shop, although those tend to gouge you on the bid/ask prices.

Note that it's difficult to buy because of issues on the fiat-currency side of the transaction. There used to be a service where you could send a Paypal transfer and get Dogecoins in your wallet in a few minutes. It was shut down.
 
2021-05-14 11:40:03 AM  
i.ytimg.comView Full Size
 
2021-05-14 2:20:13 PM  
As I said in the other thread, I'd rather invest in tulip bulbs.  Rampant speculation NEVER turns out poorly...
 
2021-05-14 2:56:09 PM  
I think I'll stick to pissing my spending money away on physical gold and prospecting. The allure of the crypto rush tickles my gold rush history lovin' brain so much though.
 
2021-05-14 6:17:08 PM  

Ivo Shandor: SumoJeb: I tried to buy some dogecoin just for the lulz and to say "I was there for that"
That has to be the most convoluted way to throw away money.  It was like a five step process that involved multiple exchanges just to purchase a dogecoin.  Is it easier to purchase in the States?

You need to find an exchange in your region which supports Dogecoin. There are some, with more on the way. You might even find an ATM / vending machine in a local coffee shop, although those tend to gouge you on the bid/ask prices.

Note that it's difficult to buy because of issues on the fiat-currency side of the transaction. There used to be a service where you could send a Paypal transfer and get Dogecoins in your wallet in a few minutes. It was shut down.


That would have been ideal. RH is a pain with 6 day waits on transfers while they collect interest on your cash ,I assume.
 
2021-05-14 6:37:27 PM  

Kinan: Ivo Shandor: SumoJeb: I tried to buy some dogecoin just for the lulz and to say "I was there for that"
That has to be the most convoluted way to throw away money.  It was like a five step process that involved multiple exchanges just to purchase a dogecoin.  Is it easier to purchase in the States?

You need to find an exchange in your region which supports Dogecoin. There are some, with more on the way. You might even find an ATM / vending machine in a local coffee shop, although those tend to gouge you on the bid/ask prices.

Note that it's difficult to buy because of issues on the fiat-currency side of the transaction. There used to be a service where you could send a Paypal transfer and get Dogecoins in your wallet in a few minutes. It was shut down.

That would have been ideal. RH is a pain with 6 day waits on transfers while they collect interest on your cash ,I assume.


RH also doesn't give you access to actual coins which you can spend or transfer elsewhere. You're only speculating on the price and hoping that it goes up before you sell back to RH.
 
2021-05-14 7:12:20 PM  

AsparagusFTW: MattytheMouse: Nothing proves money is fake more than the fact that we have to take Dogecoin seriously.

Who wants to trade Pokémon cards instead? I have a whole box of them and I've been rubbing it in my mom's face that, unlike her beanie babies, my investment actually paid off.

I took the last stimmy and bought sealed MTG product. I didnt uave a need for the funds and I didnt have anything i wanted to invest with those funds given my positions are set. Instead of rotting away in a savings account.

Up 18% in 2 months.

Im only using this as a savings vehicle, not really an investment. If the money stays in cash the future purchasing power is going to 0.

Literally. Im sitting on $1400 in MTG product. I love the game and you learn over time what sets do well in time.

In 20 years Ill flip them to a card dealer for thousands more where in a savings account id earn $2.95 and purchasing power that was cut in half.


Unless that set is called Alpha, Beta, or Unlimited, there is nothing you bought that will increase that much as the set rotates out of whatever form. Unless the card trader or shop owner is giving you a best buddy deal, best you will get is 60% of whatever it costs to buy from Amazon/eBay/other online websites.

And in 20 years, they will have finally lifted the reserve list. And a 1/1 for one mana will be discarding players hands and giving extra turns. You might have 10 cards worth more than $80 in 20 years.

Unless they are lands. They never reprint those. That's where the real money is.
 
2021-05-14 8:02:42 PM  

AppleOptionEsc: AsparagusFTW: MattytheMouse: Nothing proves money is fake more than the fact that we have to take Dogecoin seriously.

Who wants to trade Pokémon cards instead? I have a whole box of them and I've been rubbing it in my mom's face that, unlike her beanie babies, my investment actually paid off.

I took the last stimmy and bought sealed MTG product. I didnt uave a need for the funds and I didnt have anything i wanted to invest with those funds given my positions are set. Instead of rotting away in a savings account.

Up 18% in 2 months.

Im only using this as a savings vehicle, not really an investment. If the money stays in cash the future purchasing power is going to 0.

Literally. Im sitting on $1400 in MTG product. I love the game and you learn over time what sets do well in time.

In 20 years Ill flip them to a card dealer for thousands more where in a savings account id earn $2.95 and purchasing power that was cut in half.

Unless that set is called Alpha, Beta, or Unlimited, there is nothing you bought that will increase that much as the set rotates out of whatever form. Unless the card trader or shop owner is giving you a best buddy deal, best you will get is 60% of whatever it costs to buy from Amazon/eBay/other online websites.

And in 20 years, they will have finally lifted the reserve list. And a 1/1 for one mana will be discarding players hands and giving extra turns. You might have 10 cards worth more than $80 in 20 years.

Unless they are lands. They never reprint those. That's where the real money is.


Sealed goes up slowly with time as supply drops. There are crowds who still crack old boxes for fun and nostalgia. Ill do fine.
 
Displayed 22 of 22 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking




On Twitter


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.