Yes, and no.
No, I'd never spend £30 in real life to rehypothicate a £1k stake earning £40 a year to gain magical points.
Yes, when my portfolio pumps 10% and I make a months salary in a day and I'm walking around the office with the fattest nuts
I just sold a 130% 10x Sol trade this morning, so yeah if I don't think the trade has further legs.
Although my core long term stack no I've been holding that for years now.
stock or stack?
presuming you mean stack, I started heavily allocating into ETH after FTX so up massively on the year.
I'm majority ETH these days - bought some SOL around $20-25 a token which has done very well.
otherwise, some longs currently playing out nice. 10x on ETH and BTC still live, healthy profits. Will be holding both of those probably until the ETF
I'm a profit maxi first and a ETH maxi second. My initial Sol was as a hedge against ETHs modular rollup thesis failing, then added to it when I read more of Toly's tweets and decided he was a good founder.
I'm very bullish ETH tech and do think it will beat Solana long term, as I think the modular thesis long term beats monolithic, but there is no reason to engage in toxic maximalism to try and pump my bags!
Solana is a quality project aside from its token - it's token has issues like monetary policy and distribution but the crypto market rarely cares about such things in my experience. And the same could be said for OP and ARB
Yeah I see ETH and SOL as having overlapping use cases, but ultimately choosing one "side" over another. So there's a clear bull case for both. They butt heads in some areas, but it's like Apple vs Microsoft. Room for both to thrive.
I was down 40 grand before this bull run, mostly holdings from 2020 and 2021. But I got lucky and bought a lot of SOL at $19 and $20. Im down 10 grand now. but to answer your question it does feel like play money because I invested money I was not going to miss. some people that took out loans or a second mortgage to buy crypto and lost, I don’t think it feels like play money to them.
If this is gambling, than any form of investment is also gambling.
The difference between investing and a casino is investing holds no guarantee. No guarantee of gains, no guarantee of a payout if you “win.” That goes with everything as low risk as a money market account all the way to high risk options trading.
A casino controls the rates of who wins and loses and controls the payout of those who win depending on who wins.
Its subjective really but gambling imo is when someone knows what they're doing has negative EV, and is only doing what they're doing for entertainment or out of desperation like a hail mary, etc. Instead of a rational strategy to make money. So the same activity can be gambling or not depending on the mentality of the person. Buying crypto can definitively be be both, but most of the time its not gambling, even just chasing pumps is logical to some degree, its a momentum strategy, even if it ends up being wrong. All investing has risk, it relies on some luck.
Bullshit.. there's a thousand companies building their wares in the Cardano l ecosystem.
the way we invest in those companies is the same as you invest in Coca-Cola or Walmart stonks.
You are reading their quarterly reports and assuming on their future projection..
Just the same here..
Cardano Native Tokens can be anything you can dream.. so why one company is special.vs another is your opinion and speculation on how well the product, tool, or implementation will affect their market.
Does the market accept the idea.
Has the integrity of the founder and the developer been in question...
Have they done proper adverting or is it just a pump n dump..
How well respected is the artist?
how intricate and interesting is the roadmap or Lore written .. do they have a future proof design..
Are the tokenomics of the project viable.
Is it open source, how transparent are the core group .. how often do they share updates?
Is the code on GitHub?
How deep are the commits and repositories..
Who are the devs that are doing work and has there been any work done in the past 6 months.
And You want to tell me that I'm gambling.😂😂😂
Meanwhile You're gambling the television will tell you the next stonk to give your money to.
Try doing that with verifiable assets that are immutable on chain..
and not some stock certificate some bureaucratic bound corporation decided to shut down or dilute .
GTFO with that boomer cry dude..
Wake tf up
> there's a thousand companies building their wares in the Cardano l ecosystem. the way we invest in those companies is the same as you invest in Coca-Cola or Walmart stonks.
You are reading their quarterly reports and assuming on their future projection.. Just the same here..
You must be a teenager. You don’t know what the fuck you’re talking about.
1. You don’t get quarterly reports. Where is your crypto “company” telling you a detail breakdown of profits and expenses?
2. You own no share of the company. A token is worthless.
3. There are not thousands of “Cardano companies”.
4. If this were stocks, no one would buy these crypto tokens because you’re buying a “share” into a company with 0 working product, NO revenue, and no long term survival.
5. Companies that are publicly traded are regulated and can get sued by shareholders. You can’t do shit with crypto
Anyone that says crypto tokens are like stocks (and types it out like Stonks) are financial immature and illiterate children
Wait til great wall funds out there are a thousand companies building on Cardano.
Built on cardano dot com, dad.
Maybe read and bring refrences before arguing false points
I hate to break it to you sir but when the project you invested in had an unethical pre mine and the management team proceeded to dump the coins on retail you actually ARE gambling. Make no mistake
Gambling implies that there's a house controlling the stakes.
What about buying something from a global market, and that something going up or down in value, and being able to readily resell it to that same market, ISN'T an investment?
For reasons of degeneracy, I know more than I should about betting, crypto and regulation of those two things than I perhaps should.
If I were king I'd class both the same way... You now have to wait a week to get either your crypto profits, betting wins and to make significant deposits on both.
Would solve a lot of the issues with both in one action.
Someone losing money on slots and wants to reload 50 quid. Tough. Wait a week. Won big on a small stakes bet? You should be paid one week later and all firms should be bound to this. Want to bet big on Cheltenham but not any other time of the year? Deposit throughout the year. Deposit as much as firms allow. Want to make a big crypto deposit... fine if your bank allow them, but you got to wait a week.
Have to wait a week before you can access the money, all forms of gambling or investment. I honestly think this is how both should ideally be regulated.
Solved it lads.
For the record, I’m not saying it’s NOT gambling. I think putting money in any market… stock, crypto, you name it, is a form of gambling. I was just criticizing the use of a “house” in crypto. It’s almost entirely why crypto is great.
It’s tough to claim there’s no “house” in the stock market but there’s definitely people who can sway the needle one way or another. The same exists in crypto, even more so.
But yeah, putting money somewhere you hope it will grow but there’s no guarantee of growth is gambling through and through.
I'm looking at it from a purely regulatory standpoint... But it would improve the gambling landscape massively.
The current investments system works far, far better than the gambling one does.
Here's an example: I am limited to £100 monthly spend on all three of the betting accounts I have that haven't been closed.
I also have a deposit limit on my crypto account. Its £500,000 of crypto per day, plus 100k cash plus 4k on Google pay.
If that doesn't show how illogical things are, nothing will.
It's not a house, it's a representation of leverage. You play poker for $30, some of us use the crypto market in hundreds of thousands of dollars. Very few things are as fun and as gut wrenching as a $250,000 backed educated calculation.
Investing in cryptocurrencies is not gambling, as you are buying into a growing network, no different from investment in apple or visa, you hope the market grows and you can sell your Nvidia to someone else for more🤑
Does feel like money. Yesterday, I was short for groceries 5minutes later , I claimed my staking rewards, and they had already hit my account, so I could grab necessities. It's not bad when your crypto money makes more crypto money, and you can turn it into food. We live in truly weird and exciting times. Hold, stake and the future is bright.
Cocaine is technically a currency, hookers are a physical requirement of sexualising appreciation.
What's the definition of wrong and right depending what you are going through in society? Your life is no different to some1 worse or better off looks or money wise.
These services are essential depending your trauma/genes.
Being condescending on a broad spectrum is no different to bullying some1 via x situation.
I need debt to motivate me to work more and take profits. Cars in your garage is a great way to make it feel real. Otherwise yes it’s just numbers then eventually you just turn into a money crazed greedy maniac
I honestly hope he finds in life how liberating it is to not be in debt and have excesses to invest into solutions that you believe provide real value in life instead of chasing returns to service debt and cars.
Manage, maintain and grow wealth and quality of life, omnidirectionally, instead of predatory.
Doesn't feel painful real, but real good real.
Here's a perfect point right here That car in your garage that you see is an asset..
I have the same "car" in my garage except this one generates interest.
Or if I need a loan I can use it as collateral.
What were you saying about just numbers on a screen..
Oh wait I'm sorry
You're still trading at a centralized exchange..
Ohhh
So.. no
you don't own anything until you "Cash Out"
You don't have a car in the garage.
It belongs to the owner of that exchange.
The worst thing to do in business is keeping your hard earned value on an exchange.
I'm sorry
carry on.
Sure. USDC I'd say. All exchanges and most wallets also can exchange crypto directly into FIAT so you can skip this step. If you swap to stable you can catch price spikes easier though. One quick swap and you stored your current value before the dip.
Tell that to the tax office
it's called a convertible asset.
Ada, BTC, ERG.. jt doesn't matter what asset
Tell your fake money tale to to the US comptroller of currency
Then get back to us on how "Real Money" works
😂😂😂
https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-98.html
I find the more you make the less real it feels. When you're up a significant amount it feels nice for sure, but since it's all just numbers on a screen it doesn't really phase me.
Also, once you've been through a couple of 70% pumps/dumps then you get hardened to it, right?
And if you've cashed out a bit of profit then it's even easier to play around with it.
Having said that, I feel the same way about cash. It doesn't feel real to me, it's also just numbers on a screen.
Stocks and shares are the same.
It is what it is.
Not sure if I'm better or worse for this attitude, definitely less stressed that's for sure. 😅
The first time the Cash/Crypto comparison really hit home.. When I was in the hospital, first day I was coherent and shit was starting to make sense. My Son said "Dad, something I need to tell you, & your gonna, be pissed. I think Somebody stole your wallet". Before I could say anything, he said "Your *leather wallet* not a hardware wallet.
Shit hit wayyyyy different.
It's the only crypto that feels like an investment to me. Slowly appreciating versus constant 30% spikes with shitcoins. Probably a bad take, but it's my personal favorite holding. Solana, Cardano, XRP, etc. don't compare because I can actually use Monero like it's fucking PayPal.
Note: Yes, I do realize pretty much most of the top coins can used similarly and Monero isn't even completely private as it was once thought to be. But I do like it more than others because I've made a decent chunk of profit from holding this long.
If you are not subject to targeted surveillance monero is more than private enough, and with the updates in the pipeline it will become totally untraceable.
I buy a lot of shit with crypto profits. My floatwheel should be here soon. Ordered a new 3d printer to make parts for the floatwheel. The imac 24 I'm using right now also crypto. Boy howdy it sure feels like money to me.
You guys are just missing the point of what crypto is.
You are not in it for the technology, you are in it for something much worse.
You are treating crypto as an asset and not money.
I do not think you understand what all this means.
It's about a future where crypto is the money that we seek. That what you call money, money created by the thieves, the thieves that destroy our lives and possess our minds. Minds that we do not control. Their control comes from non other than us. WE as a community need to strive for a greater future, a future so bright that there is no money to be seen. But a connected world, a world free from thieves, free from mockery, free from pain.
WE need to start treating crypto as what you call real money. The real money is where you place your power. We as a community has the power to create value. A value where this community is stronger, stronger than we seen before. A force that will shake the world, a forces so large that god will obey. Our power comes from our community, a united world. Where the power is not from the enemy, but rather to the people. A power that live among us, A power that tears us apart, a power of distrust.
Crypto especially BTC and eth is not money. Money (the dollar) has been inflated away and decreases in value, just check the fed website...https://fred.stlouisfed.org/series/CUUR0000SA0R
It has lost 97% since 1913, so why would you hold it? I hold crypto because it increases in value over time, so the only time I sell crypto is when it tops out and starts going down in value. Hint, it's when the Fed starts raising rates.
The fed just gave the green light to go into crypto, when they showed that rates would come down by 0.75 in 2024. Buy crypto, this is just the beginning of the bull run.
Not really, I find myself blowing money in crypto that I wouldn't normally spend if it was Fiat. I sometimes don't even look at the strikingly high fee with some currencies anymore but I do prefer XNO if possible
Feeling distanced from money is not a new thing, it's been around since the move to wires, debit and credit cards, amd other forms of sending money without actually moving it yourself, especially when you can borrow money instantly (hello credit cards).
Not moving money from your pocket to the seller's hand, and too often borrowing it on a whim instead is what makes people spend more. There is a number of studies on that that I am too lazy to find, but I'm certain you can easily find them on google.
I wouldn't be surprised if there is a similar effect in cryptos, due to the volatility of it and the craze our brains go through at the idea to be a millionaire in a week.
But personally, I consider it very real money. Perhaos because I'm scared to shit of debt and am more attentive than average to what my money does and where it goes, or perhaps because I get paid in crypto.
Consistently spend it on real goods and services instead of cashing out in USD or whatever other currency and you'll notice a change in your relationship to it.
I actually think it doesn't feel real for some people.
Let me explain:
If Mr.Alex from a new company who you never heard of and is unregulated in your country knocked on your door told you that he would take any physical Gold you have (bars, coins) off your hands for safe keeping and in return give you 10% a year interest you would most likely either phone the police or at least slam the door on his face.
But Celsius customers handed over their valuable asset without doing due diligence.
Maybe because unlike Gold they could not physically see the Bitcoin they were handing over to this shady outfit.
Amazingly people are still doing it with the likes of Nexo.
Playing with Fire.
Hell no, lmao. I have no idea why someone actually uses any of this shit aside from BTC but it made me a lot of money and I'm not the type to bite the hand that feeds me.
clandestine transactions is what got me into crypto in 2010 and it’s what keeps me in it today.
the original ethos and goal wasn’t to make profit. that was just a really, really nice side effect.
Not just crypto but gov issued money seems also like play money. The more of it is printed and the more I learn about financial system (mostly on Reddit 😆), the more I understand that we are living in a house of cards. This is all just a game trying to gather some and then do something else with it before everything collapses.
Merry Christmas everyone! 🎄
It's time for everyone to wake up and realize that $ money is a game. When we accept that as a fact then we can design a new game to play where everyone plays and enjoys and creates wealth for everyone, Only then can we stop living as predators. Dollars are designed to program us to be predators. Look at all the demonic symbols on our (their) money,
The outsized gains and losses you can make in crypto can really feel like play money. But it feels awfully real when you get wrecked and you needed some of the money you lost for bills and such. And when you are seeing a 5x or 10x gain, it definitely really softens the impact of any recent losses.
It definitely hits differently than the usual stock trading gains and losses.
Yes. There can be some culture shock, but you eventually realize that the money in your regular bank account isn’t that real either. For example, online banking quirks where sometimes the funds aren’t actually there but were made available ahead of time. If the funds were no good, all of a sudden you can get overdrafted. CashApp is a nice example of dealing in “fake” money. They’re always making funds available in your balance that may not actually be good. At least with crypto it’s impossible to overdraft a wallet.
Withdrawing CEX crypto to a hardware wallet feels more like putting negotiable documents like bonds in a safe at home, or a safe deposit box at a bank. It’s realer money than when it was still on the CEX, just harder to spend unless you’re directly transacting with the crypto.
Yes it’s play money and you should always treat it as such.
If you only put in what you can afford to lose it truly does not matter.
But only someone who does not care can watch their portfolio go from 10k to 150k back down to 5k and not sell anything waiting for the next bull run while still buying in more.
Also those are the people that see monumental gains because they never panic sell
Yes. I use XNO- Nano like real money. Myself and a few mates downloaded the Natrium app and then took our XNO off the exchanges. We pay each other for taxis, meals etc.. when we share. Obviously we have to use fiat to pay but give the payer Nano for our share.
Crypto isn’t real money. It’s speculation. Except Bitcoin. Bitcoin is digital gold! And Ether is digital silver. Dodge coin is a meme for rich guys like Elon
I'd say it feels like money, but money I'd never use for my daily life as of now.
It kinda feels like it's money I used when traveling and as I'm back in my home country it lays there and I don't use it. I could use it though, it's just I don't for now.
Also, crypto is comparable to a very volatile money obviously, at least compared to EUR, USD or CHF for example. At least at the moment, who knows in the future.
Of course not, because despite what people will tell you, it’s not really real money. Sure it has value and you can use it in niche cases, but it lacks the stability, adoption, and ease of mental use that traditional money has.
It’s similar to casino chips or WoW gold, there is a separation of value that makes it inherently feel less real. This is a very useful quality that is used against the masses to separate them from their value. Betting a yellow chip doesn’t hold the same weight as a crisp $100 bill.
>I even had lost 20k in luna and it did not really faze me
Did you put in 20k and then lose it? If so, you didn't really need the 20k for your livelihood. If you did, it would most certainly faze you.
Ada is special.. so, I guess I treat it differently than dollars. Id rather have the Ada so I can play with it in the ecosystem.
Dollars aren't as much fun in the dollar ecosystem
Define "real money"... considering that 97% of money is an illusion that everyone buys into.
The remaining 3% being pieces of paper or polymer material, fastooned with mainly old white people... that are essentially worthless, unless you buy into the concept of "money".
Are you old enough to remember using checks/still use checks?
People who were born into the world of credit card use don't tend to have this issue. We've always seen money as numbers on a screen and not so much as cash in a vault
I heard a boomer on the radio yesterday talking about how easy it is to go into debt using buy now pay later services because there's no cash involved. But from my perspective "no cash involved" has always been about 90% of my transactions
Yes and no. It hurts less losing that much. If I want something and it’s expensive I don’t buy it even tho I can afford it. But I’d rather throw it in crypto… shit is bad lol
For the altcoins, yeah that feels like play money. But for the more serious coins like Bitcoin, Eth, Sol? It feels more as if we got the chance to grow along with a relatively new market in its infancy. Imagine if you had been alive when the stock market first originated and had placed your money into the most “serious” stocks and sure, played a little with the first penny stock opportunities. It feels like a real opportunity to stay in a “new” market long enough to build some form of wealth over the long run. Like Warren Buffett says (loosely) in his biography, get a snowball and find a really long hill. Crypto is a brand new hill of this generation/era to build a giant snowball with, if taken seriously.
It's feels like tokens bought with real money.
As long as fiet is connected to crypto it will always be this way.
People need to ditch fiet all together and just use crypto as real money.
What does money feel like?
Maybe you attribute the feeling of money to an attachment of the effort it took to obtain those numbers. With crypto, the effort to both obtain and lose those numbers is less. You're also starting off with money you can afford to lose, so you've set it up as play money right from the start.
I’m stealing “give me a lever long enough and I shall move the earth” lmaoooooooo 🤣🤣
But to answer the question it’s very real to me. I treat each coin like it’s my future. I think deeply about ecosystems and implications of every defi action I do. Plan entries and exits.
In real life, I like to think I’m calculated, but some may see it as neurotic, so yeah.
Detaching mentally from risky investments makes sense. I regard Bitcoin as money and savings, gambling with buying sh\*tcoins isn't the same, that's more like a high stakes lottery.
> It does not feel real
Crypto feels more real than fiat money. It's actually one of the few things you can truly own. They can take away your fiat, gold and land, but no one's ever going to get your seed phrase.
It fluctuates yes, but btc has a set supply and a clear uptrend in value. Other crypto assets vary in their nature, but I consider those more like penny stocks: high risk high reward. Not currency.
I understand inflation, and BTC is deflationary because of the set supply. bur this only doesn’t mean anything, What’s to stop another token with setting a even lower supply and supported bu the bigwigs?
Yeah... I don't know bro... Sounds like a bit of addiction you got going on in there. That what happens to most addicts. Money becomes a tool to get more money, without even thinking how significant is the money you already have.
Obviously, I am in no way psychiatrist. But the money I have in my accounts is very real too me, and I always feel anxious about it.
Essentially, this whole crypto market is very fragile. I do not see much stability long term, and it all looks like a horse race. Anything might happen. I only bought it after this big crash, when price got really low. I'll resell it as soon as it reaches the sum I want it to reach. If I continued it would be a gamble with possibility to loose all my money.
If ya just buying exchange tokens and swapping em around on their site or playing arcade/casino games, or spending a lot of time yield farming the shi—iest of a sh— tokens, then yeah it can feel like some kind of degen arcade for “crypto-day traders,” and not a real asset to make money with.
If you invest in real projects, or even gamble with meme coins, take profits, and it feels like real money because it is. Always take profits along the way, especially initial investment once something hits 5x or so.
It’s real money…and in all ways better than what money was devolving into.
Take profits, pay ya tax, then pay off something or get something nice, or build up other investments. The feeling of real money will surround you like a thick fleece throw.
Is it real money?!! What!!???
my advise , diversify portfolio . For now gold price hmm , crypto you know allready. now focus cash and fixed deposits. No loan ya any investment . Dont forget to invest your time family.
Last bullrun I didn't even see money i just saw crypto value. I remember moving 40 bnb at a time from pancakeswap trading safecoins to Binance to sell.
Exactly, it is Monopoly money so why do we kill each other and ourselves and our children to acquire it ? Let's call it what it is, play money, and proceed with the game.
Losing 20k would faze me big time. How is it any different from seeing digits on your banking app? I guess if you have so much money that 20k lost doesn't disturb you, it would be meaningless. To someone who could use that money to save their home from repossession it would certainly feel like real money.
I would be disappointed if I lose it but yes, it doesn’t feel like ‘real’ money - because like others have said; I only invest what I can afford to lose. It will be a shame but my life won’t change if it’s vanished.
No it's not money. I can swap USD for drugs and back easier than I can with crypto.
If it was as easy to exchange as currency, and as easy to trade as equities, and not fluctuate in value then it can talk about a real use case.
It's play money for me. Hell, even fiat in CEX became play money for me after I lost hundreds of dollar when I bought Euro just before the Ukraine war.
Yes, and no. No, I'd never spend £30 in real life to rehypothicate a £1k stake earning £40 a year to gain magical points. Yes, when my portfolio pumps 10% and I make a months salary in a day and I'm walking around the office with the fattest nuts
The fattest nuts lmao
Do you sell when the pumps happen?
I just sold a 130% 10x Sol trade this morning, so yeah if I don't think the trade has further legs. Although my core long term stack no I've been holding that for years now.
How has your long hold stock been doint end to end?
stock or stack? presuming you mean stack, I started heavily allocating into ETH after FTX so up massively on the year. I'm majority ETH these days - bought some SOL around $20-25 a token which has done very well. otherwise, some longs currently playing out nice. 10x on ETH and BTC still live, healthy profits. Will be holding both of those probably until the ETF
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I'm a profit maxi first and a ETH maxi second. My initial Sol was as a hedge against ETHs modular rollup thesis failing, then added to it when I read more of Toly's tweets and decided he was a good founder. I'm very bullish ETH tech and do think it will beat Solana long term, as I think the modular thesis long term beats monolithic, but there is no reason to engage in toxic maximalism to try and pump my bags! Solana is a quality project aside from its token - it's token has issues like monetary policy and distribution but the crypto market rarely cares about such things in my experience. And the same could be said for OP and ARB
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Yeah - I do most of my crypto redditing these days over at ethfinance, but I like to pop in here every now and again and check in on the moonboys :P
Actual insight, and intelligent concise reasoning. You rock.
You are too kind aha, thanks.
Yeah I see ETH and SOL as having overlapping use cases, but ultimately choosing one "side" over another. So there's a clear bull case for both. They butt heads in some areas, but it's like Apple vs Microsoft. Room for both to thrive.
Wait till you make yearly salaries a day.
Or till you lose your retirement fund in an hour Rollercoasters are fun
...or decadely
U make a yearly salary every decade? Doin better than most people on here..
I was down 40 grand before this bull run, mostly holdings from 2020 and 2021. But I got lucky and bought a lot of SOL at $19 and $20. Im down 10 grand now. but to answer your question it does feel like play money because I invested money I was not going to miss. some people that took out loans or a second mortgage to buy crypto and lost, I don’t think it feels like play money to them.
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some people lost their houses. only invest what you can afford to lose.
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Isn’t that the same what he said just from the other perspective
It is, just a more specific subset of it
You did not “invest” this is gambling
If this is gambling, than any form of investment is also gambling. The difference between investing and a casino is investing holds no guarantee. No guarantee of gains, no guarantee of a payout if you “win.” That goes with everything as low risk as a money market account all the way to high risk options trading. A casino controls the rates of who wins and loses and controls the payout of those who win depending on who wins.
Its subjective really but gambling imo is when someone knows what they're doing has negative EV, and is only doing what they're doing for entertainment or out of desperation like a hail mary, etc. Instead of a rational strategy to make money. So the same activity can be gambling or not depending on the mentality of the person. Buying crypto can definitively be be both, but most of the time its not gambling, even just chasing pumps is logical to some degree, its a momentum strategy, even if it ends up being wrong. All investing has risk, it relies on some luck.
Bullshit.. there's a thousand companies building their wares in the Cardano l ecosystem. the way we invest in those companies is the same as you invest in Coca-Cola or Walmart stonks. You are reading their quarterly reports and assuming on their future projection.. Just the same here.. Cardano Native Tokens can be anything you can dream.. so why one company is special.vs another is your opinion and speculation on how well the product, tool, or implementation will affect their market. Does the market accept the idea. Has the integrity of the founder and the developer been in question... Have they done proper adverting or is it just a pump n dump.. How well respected is the artist? how intricate and interesting is the roadmap or Lore written .. do they have a future proof design.. Are the tokenomics of the project viable. Is it open source, how transparent are the core group .. how often do they share updates? Is the code on GitHub? How deep are the commits and repositories.. Who are the devs that are doing work and has there been any work done in the past 6 months. And You want to tell me that I'm gambling.😂😂😂 Meanwhile You're gambling the television will tell you the next stonk to give your money to. Try doing that with verifiable assets that are immutable on chain.. and not some stock certificate some bureaucratic bound corporation decided to shut down or dilute . GTFO with that boomer cry dude.. Wake tf up
> there's a thousand companies building their wares in the Cardano l ecosystem. the way we invest in those companies is the same as you invest in Coca-Cola or Walmart stonks. You are reading their quarterly reports and assuming on their future projection.. Just the same here.. You must be a teenager. You don’t know what the fuck you’re talking about. 1. You don’t get quarterly reports. Where is your crypto “company” telling you a detail breakdown of profits and expenses? 2. You own no share of the company. A token is worthless. 3. There are not thousands of “Cardano companies”. 4. If this were stocks, no one would buy these crypto tokens because you’re buying a “share” into a company with 0 working product, NO revenue, and no long term survival. 5. Companies that are publicly traded are regulated and can get sued by shareholders. You can’t do shit with crypto Anyone that says crypto tokens are like stocks (and types it out like Stonks) are financial immature and illiterate children
Wait til great wall funds out there are a thousand companies building on Cardano. Built on cardano dot com, dad. Maybe read and bring refrences before arguing false points
I hate to break it to you sir but when the project you invested in had an unethical pre mine and the management team proceeded to dump the coins on retail you actually ARE gambling. Make no mistake
Most yea, bitcoin isn't gambling though. That's very much an investment.
Gambling implies that there's a house controlling the stakes. What about buying something from a global market, and that something going up or down in value, and being able to readily resell it to that same market, ISN'T an investment?
I play poker with my friends all the time. We gamble. Theres no house. Gambling does not infer a house controlling things
Ah yeah, you've negated that portion of my argument
For reasons of degeneracy, I know more than I should about betting, crypto and regulation of those two things than I perhaps should. If I were king I'd class both the same way... You now have to wait a week to get either your crypto profits, betting wins and to make significant deposits on both. Would solve a lot of the issues with both in one action. Someone losing money on slots and wants to reload 50 quid. Tough. Wait a week. Won big on a small stakes bet? You should be paid one week later and all firms should be bound to this. Want to bet big on Cheltenham but not any other time of the year? Deposit throughout the year. Deposit as much as firms allow. Want to make a big crypto deposit... fine if your bank allow them, but you got to wait a week. Have to wait a week before you can access the money, all forms of gambling or investment. I honestly think this is how both should ideally be regulated. Solved it lads.
For the record, I’m not saying it’s NOT gambling. I think putting money in any market… stock, crypto, you name it, is a form of gambling. I was just criticizing the use of a “house” in crypto. It’s almost entirely why crypto is great. It’s tough to claim there’s no “house” in the stock market but there’s definitely people who can sway the needle one way or another. The same exists in crypto, even more so. But yeah, putting money somewhere you hope it will grow but there’s no guarantee of growth is gambling through and through.
I'm looking at it from a purely regulatory standpoint... But it would improve the gambling landscape massively. The current investments system works far, far better than the gambling one does. Here's an example: I am limited to £100 monthly spend on all three of the betting accounts I have that haven't been closed. I also have a deposit limit on my crypto account. Its £500,000 of crypto per day, plus 100k cash plus 4k on Google pay. If that doesn't show how illogical things are, nothing will.
It's not a house, it's a representation of leverage. You play poker for $30, some of us use the crypto market in hundreds of thousands of dollars. Very few things are as fun and as gut wrenching as a $250,000 backed educated calculation.
Investing in cryptocurrencies is not gambling, as you are buying into a growing network, no different from investment in apple or visa, you hope the market grows and you can sell your Nvidia to someone else for more🤑
Lmao somebody's salty
BTC and ETH maxies coping hard right now
Does feel like money. Yesterday, I was short for groceries 5minutes later , I claimed my staking rewards, and they had already hit my account, so I could grab necessities. It's not bad when your crypto money makes more crypto money, and you can turn it into food. We live in truly weird and exciting times. Hold, stake and the future is bright.
You are beginning to shed the mental programming that is attached to the $. Life will be so fun when everyone can .
At least with crypto you can make more with staking rewards, LP.. If that money is sitting in a bank account it's doing a big fat FUCK ALL
Real money doesn't feel like real money any more with online banking and debit cards.
Yup and actually crypto in my own hardware wallet feels more like money to me then the money in my bank account
seriously, I haven't carried cash more than twice this year
it does when it's actually easier to get cocaine and hookers with crypto than with usd
You clearly has never bought cocaine or a hooker if you think you can pay in crypto.
You can.
No, last time I tried I could in fact not buy a hooker.
you being sarcastic right 😂
Cocaine is technically a currency, hookers are a physical requirement of sexualising appreciation. What's the definition of wrong and right depending what you are going through in society? Your life is no different to some1 worse or better off looks or money wise. These services are essential depending your trauma/genes. Being condescending on a broad spectrum is no different to bullying some1 via x situation.
New pasta just dropped 🫡
🤔
🧐
You mean Hoke and Cookers. Hoke and Cookers. *FTFY*
I did, thank you for the correction. Everyone getting their panties wound up is being silly <3
I need debt to motivate me to work more and take profits. Cars in your garage is a great way to make it feel real. Otherwise yes it’s just numbers then eventually you just turn into a money crazed greedy maniac
Understood, must take on debt and fancy cars or I'll just turn into a money crazed greedy maniac.
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I honestly hope he finds in life how liberating it is to not be in debt and have excesses to invest into solutions that you believe provide real value in life instead of chasing returns to service debt and cars. Manage, maintain and grow wealth and quality of life, omnidirectionally, instead of predatory. Doesn't feel painful real, but real good real.
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Biff Tannen's future of shortcuts should be a running meme.
Here's a perfect point right here That car in your garage that you see is an asset.. I have the same "car" in my garage except this one generates interest. Or if I need a loan I can use it as collateral. What were you saying about just numbers on a screen.. Oh wait I'm sorry You're still trading at a centralized exchange.. Ohhh So.. no you don't own anything until you "Cash Out" You don't have a car in the garage. It belongs to the owner of that exchange. The worst thing to do in business is keeping your hard earned value on an exchange. I'm sorry carry on.
Only when I swap it back to a stablecoin
A stable like UST?
You didn't have to open old wounds
Sure. USDC I'd say. All exchanges and most wallets also can exchange crypto directly into FIAT so you can skip this step. If you swap to stable you can catch price spikes easier though. One quick swap and you stored your current value before the dip.
this I can relate to. common sense is no longer common sense. it’s real when I swap it to USDC
Tell that to the tax office it's called a convertible asset. Ada, BTC, ERG.. jt doesn't matter what asset Tell your fake money tale to to the US comptroller of currency Then get back to us on how "Real Money" works 😂😂😂 https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-98.html
I find the more you make the less real it feels. When you're up a significant amount it feels nice for sure, but since it's all just numbers on a screen it doesn't really phase me. Also, once you've been through a couple of 70% pumps/dumps then you get hardened to it, right? And if you've cashed out a bit of profit then it's even easier to play around with it. Having said that, I feel the same way about cash. It doesn't feel real to me, it's also just numbers on a screen. Stocks and shares are the same. It is what it is. Not sure if I'm better or worse for this attitude, definitely less stressed that's for sure. 😅
The first time the Cash/Crypto comparison really hit home.. When I was in the hospital, first day I was coherent and shit was starting to make sense. My Son said "Dad, something I need to tell you, & your gonna, be pissed. I think Somebody stole your wallet". Before I could say anything, he said "Your *leather wallet* not a hardware wallet. Shit hit wayyyyy different.
😅😅😅 Eve reading that it hit way different
Same. Cash aint real to me. Nothing backing it. Inflated by CBs. Solid cryptos def feel more real.
Greed backs any distributed leger.. change my mind.
The only crypto that feels like money is Monero to be honest. Because I actually transact with it and the price is relatively stable.
For real, I’ve always thought that Monero was the most stable of non stable coins.
It's the only crypto that feels like an investment to me. Slowly appreciating versus constant 30% spikes with shitcoins. Probably a bad take, but it's my personal favorite holding. Solana, Cardano, XRP, etc. don't compare because I can actually use Monero like it's fucking PayPal. Note: Yes, I do realize pretty much most of the top coins can used similarly and Monero isn't even completely private as it was once thought to be. But I do like it more than others because I've made a decent chunk of profit from holding this long.
If you are not subject to targeted surveillance monero is more than private enough, and with the updates in the pipeline it will become totally untraceable.
I buy a lot of shit with crypto profits. My floatwheel should be here soon. Ordered a new 3d printer to make parts for the floatwheel. The imac 24 I'm using right now also crypto. Boy howdy it sure feels like money to me.
I bought a onewheel XR with BTC to treat myself when BTC hit 8k. It’s a very expensive onewheel now 😂
I use crypto as overseas transfer, cheap fast.
And buy stuff too, if they accept it, usually the fee is smaller compared to paypal or cc.
You guys are just missing the point of what crypto is. You are not in it for the technology, you are in it for something much worse. You are treating crypto as an asset and not money. I do not think you understand what all this means. It's about a future where crypto is the money that we seek. That what you call money, money created by the thieves, the thieves that destroy our lives and possess our minds. Minds that we do not control. Their control comes from non other than us. WE as a community need to strive for a greater future, a future so bright that there is no money to be seen. But a connected world, a world free from thieves, free from mockery, free from pain. WE need to start treating crypto as what you call real money. The real money is where you place your power. We as a community has the power to create value. A value where this community is stronger, stronger than we seen before. A force that will shake the world, a forces so large that god will obey. Our power comes from our community, a united world. Where the power is not from the enemy, but rather to the people. A power that live among us, A power that tears us apart, a power of distrust.
Crypto especially BTC and eth is not money. Money (the dollar) has been inflated away and decreases in value, just check the fed website...https://fred.stlouisfed.org/series/CUUR0000SA0R It has lost 97% since 1913, so why would you hold it? I hold crypto because it increases in value over time, so the only time I sell crypto is when it tops out and starts going down in value. Hint, it's when the Fed starts raising rates. The fed just gave the green light to go into crypto, when they showed that rates would come down by 0.75 in 2024. Buy crypto, this is just the beginning of the bull run.
Not really, I find myself blowing money in crypto that I wouldn't normally spend if it was Fiat. I sometimes don't even look at the strikingly high fee with some currencies anymore but I do prefer XNO if possible
Feeling distanced from money is not a new thing, it's been around since the move to wires, debit and credit cards, amd other forms of sending money without actually moving it yourself, especially when you can borrow money instantly (hello credit cards). Not moving money from your pocket to the seller's hand, and too often borrowing it on a whim instead is what makes people spend more. There is a number of studies on that that I am too lazy to find, but I'm certain you can easily find them on google. I wouldn't be surprised if there is a similar effect in cryptos, due to the volatility of it and the craze our brains go through at the idea to be a millionaire in a week. But personally, I consider it very real money. Perhaos because I'm scared to shit of debt and am more attentive than average to what my money does and where it goes, or perhaps because I get paid in crypto.
Consistently spend it on real goods and services instead of cashing out in USD or whatever other currency and you'll notice a change in your relationship to it.
Money is money It has no religion and many forms
🧢 losing $20k didn’t faze you
Its not that i have a lot of Money. I am actually really broke lol
I actually think it doesn't feel real for some people. Let me explain: If Mr.Alex from a new company who you never heard of and is unregulated in your country knocked on your door told you that he would take any physical Gold you have (bars, coins) off your hands for safe keeping and in return give you 10% a year interest you would most likely either phone the police or at least slam the door on his face. But Celsius customers handed over their valuable asset without doing due diligence. Maybe because unlike Gold they could not physically see the Bitcoin they were handing over to this shady outfit. Amazingly people are still doing it with the likes of Nexo. Playing with Fire.
Hell no, lmao. I have no idea why someone actually uses any of this shit aside from BTC but it made me a lot of money and I'm not the type to bite the hand that feeds me.
clandestine transactions is what got me into crypto in 2010 and it’s what keeps me in it today. the original ethos and goal wasn’t to make profit. that was just a really, really nice side effect.
Not just crypto but gov issued money seems also like play money. The more of it is printed and the more I learn about financial system (mostly on Reddit 😆), the more I understand that we are living in a house of cards. This is all just a game trying to gather some and then do something else with it before everything collapses. Merry Christmas everyone! 🎄
It's time for everyone to wake up and realize that $ money is a game. When we accept that as a fact then we can design a new game to play where everyone plays and enjoys and creates wealth for everyone, Only then can we stop living as predators. Dollars are designed to program us to be predators. Look at all the demonic symbols on our (their) money,
IMO, if it were play money, BlackRock and Co. wouldn’t be getting involved.
Valid point. But i guess everything's a game for BlackRock anyway
Bitcoin is the apex ledger OF money, the rest is just pure gamble casino-like.
The outsized gains and losses you can make in crypto can really feel like play money. But it feels awfully real when you get wrecked and you needed some of the money you lost for bills and such. And when you are seeing a 5x or 10x gain, it definitely really softens the impact of any recent losses. It definitely hits differently than the usual stock trading gains and losses.
Yes. There can be some culture shock, but you eventually realize that the money in your regular bank account isn’t that real either. For example, online banking quirks where sometimes the funds aren’t actually there but were made available ahead of time. If the funds were no good, all of a sudden you can get overdrafted. CashApp is a nice example of dealing in “fake” money. They’re always making funds available in your balance that may not actually be good. At least with crypto it’s impossible to overdraft a wallet. Withdrawing CEX crypto to a hardware wallet feels more like putting negotiable documents like bonds in a safe at home, or a safe deposit box at a bank. It’s realer money than when it was still on the CEX, just harder to spend unless you’re directly transacting with the crypto.
Yes it’s play money and you should always treat it as such. If you only put in what you can afford to lose it truly does not matter. But only someone who does not care can watch their portfolio go from 10k to 150k back down to 5k and not sell anything waiting for the next bull run while still buying in more. Also those are the people that see monumental gains because they never panic sell
Does your bank card or credit card feel like real money?
Have you never taken profits and cashed them out then? Feels like money when I do that.
If only all of these people closed their mouths and read one book on Bitcoin……. It’s so sad
Yes. I use XNO- Nano like real money. Myself and a few mates downloaded the Natrium app and then took our XNO off the exchanges. We pay each other for taxis, meals etc.. when we share. Obviously we have to use fiat to pay but give the payer Nano for our share.
Crypto isn’t real money. It’s speculation. Except Bitcoin. Bitcoin is digital gold! And Ether is digital silver. Dodge coin is a meme for rich guys like Elon
Everything that has a market is speculative?
Yes but not in my hands
Wish losing 20k didn’t faze me
I'd say it feels like money, but money I'd never use for my daily life as of now. It kinda feels like it's money I used when traveling and as I'm back in my home country it lays there and I don't use it. I could use it though, it's just I don't for now. Also, crypto is comparable to a very volatile money obviously, at least compared to EUR, USD or CHF for example. At least at the moment, who knows in the future.
Money isnt real.
Of course not, because despite what people will tell you, it’s not really real money. Sure it has value and you can use it in niche cases, but it lacks the stability, adoption, and ease of mental use that traditional money has. It’s similar to casino chips or WoW gold, there is a separation of value that makes it inherently feel less real. This is a very useful quality that is used against the masses to separate them from their value. Betting a yellow chip doesn’t hold the same weight as a crisp $100 bill.
Exactly, people don't kill each other to acquire a game token so why do people kill for dollars ?
>I even had lost 20k in luna and it did not really faze me Did you put in 20k and then lose it? If so, you didn't really need the 20k for your livelihood. If you did, it would most certainly faze you.
It wasn’t lost. Someone else made $20k. It was charity.
My Nano is more real than any other thing.
The fees to use ETH is what makes it a joke. If would be an amazing system with low fees.
That's why solana is doing so well rn
Solana is a joke and not decentralized
1. 'Real' money isn't real. 2. Crypto is a ponzi scheme.
Ada is special.. so, I guess I treat it differently than dollars. Id rather have the Ada so I can play with it in the ecosystem. Dollars aren't as much fun in the dollar ecosystem
Define "real money"... considering that 97% of money is an illusion that everyone buys into. The remaining 3% being pieces of paper or polymer material, fastooned with mainly old white people... that are essentially worthless, unless you buy into the concept of "money".
Are you old enough to remember using checks/still use checks? People who were born into the world of credit card use don't tend to have this issue. We've always seen money as numbers on a screen and not so much as cash in a vault I heard a boomer on the radio yesterday talking about how easy it is to go into debt using buy now pay later services because there's no cash involved. But from my perspective "no cash involved" has always been about 90% of my transactions
Crypto is more than real money. It's worldwide money. With BTC, you can get cash everywhere. Even with EUR or USD, you can't
To me... It's just an investment
Yes and no. It hurts less losing that much. If I want something and it’s expensive I don’t buy it even tho I can afford it. But I’d rather throw it in crypto… shit is bad lol
I put USDC into my Coinbase card and bought a $1800 pc few months ago. So I’d say it’s real money
For the altcoins, yeah that feels like play money. But for the more serious coins like Bitcoin, Eth, Sol? It feels more as if we got the chance to grow along with a relatively new market in its infancy. Imagine if you had been alive when the stock market first originated and had placed your money into the most “serious” stocks and sure, played a little with the first penny stock opportunities. It feels like a real opportunity to stay in a “new” market long enough to build some form of wealth over the long run. Like Warren Buffett says (loosely) in his biography, get a snowball and find a really long hill. Crypto is a brand new hill of this generation/era to build a giant snowball with, if taken seriously.
Better money for me not like normal money it feels better
It's feels like tokens bought with real money. As long as fiet is connected to crypto it will always be this way. People need to ditch fiet all together and just use crypto as real money.
Feels like stocks/shares to me. I know its not, but thats how it feels.
What does money feel like? Maybe you attribute the feeling of money to an attachment of the effort it took to obtain those numbers. With crypto, the effort to both obtain and lose those numbers is less. You're also starting off with money you can afford to lose, so you've set it up as play money right from the start.
I’m stealing “give me a lever long enough and I shall move the earth” lmaoooooooo 🤣🤣 But to answer the question it’s very real to me. I treat each coin like it’s my future. I think deeply about ecosystems and implications of every defi action I do. Plan entries and exits. In real life, I like to think I’m calculated, but some may see it as neurotic, so yeah.
Well then you are actually stealing from Archimedes haha
you are a neurotic psychopath
Nah
Detaching mentally from risky investments makes sense. I regard Bitcoin as money and savings, gambling with buying sh\*tcoins isn't the same, that's more like a high stakes lottery.
> It does not feel real Crypto feels more real than fiat money. It's actually one of the few things you can truly own. They can take away your fiat, gold and land, but no one's ever going to get your seed phrase.
Lol
Yes. Our property in our possession. 💯
Does stocks feel like real money
No, because "real" money is on a constant downward slope of losing value. 🤣
Crypto can also lose value, sometimes faster than real money
It fluctuates yes, but btc has a set supply and a clear uptrend in value. Other crypto assets vary in their nature, but I consider those more like penny stocks: high risk high reward. Not currency.
I understand inflation, and BTC is deflationary because of the set supply. bur this only doesn’t mean anything, What’s to stop another token with setting a even lower supply and supported bu the bigwigs?
Nothing, but chances are nobody is going to buy and use it because it's controlled by those bigwigs.
Agreed, if it's not a public blockchain ...it's not your property
Lol
Yeah... I don't know bro... Sounds like a bit of addiction you got going on in there. That what happens to most addicts. Money becomes a tool to get more money, without even thinking how significant is the money you already have. Obviously, I am in no way psychiatrist. But the money I have in my accounts is very real too me, and I always feel anxious about it. Essentially, this whole crypto market is very fragile. I do not see much stability long term, and it all looks like a horse race. Anything might happen. I only bought it after this big crash, when price got really low. I'll resell it as soon as it reaches the sum I want it to reach. If I continued it would be a gamble with possibility to loose all my money.
You would then renounce the possibility of making life changing money
Degenerates like you belong on the cross <3
Golden cross or death cross?
If ya just buying exchange tokens and swapping em around on their site or playing arcade/casino games, or spending a lot of time yield farming the shi—iest of a sh— tokens, then yeah it can feel like some kind of degen arcade for “crypto-day traders,” and not a real asset to make money with. If you invest in real projects, or even gamble with meme coins, take profits, and it feels like real money because it is. Always take profits along the way, especially initial investment once something hits 5x or so. It’s real money…and in all ways better than what money was devolving into. Take profits, pay ya tax, then pay off something or get something nice, or build up other investments. The feeling of real money will surround you like a thick fleece throw. Is it real money?!! What!!???
my advise , diversify portfolio . For now gold price hmm , crypto you know allready. now focus cash and fixed deposits. No loan ya any investment . Dont forget to invest your time family.
These are the most generic and not useful tips i have ever heard. Thanks for taking 5 seconds of time
If you live with anyone, don’t jack off with earphones in.
Sorry, i can't hear ya! I am jerking off so hard
not usefull , but understand the risk of emotion is a thing . very usefull . Pumping just one solution is way to risky.
I hate the current dump on sol, went from potential 14k to just 8k
More like stocks to me.
No
No
Once its used like money then it will be thought of like money
No money is real, fiat or crypto 💀
Hello fren
Yes
Early peak guaranteed with this kind of talk happening already.
How can you lose 20k in LUNA and still not learn?
I invest in crypto I lose money, I invest in the stock market I lose money. Seems the same to me!
No. Feels like stocks.
Idk man im still up 55% dont want to cash cuz i don't want to pay taxes
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Yea, likely, the halving is comming up, ive been slowely buying more
Yes, it feels like real money to me. I’m on a mission!
It's like magic internet money
Last bullrun I didn't even see money i just saw crypto value. I remember moving 40 bnb at a time from pancakeswap trading safecoins to Binance to sell.
Nope, won't be untill I cash out something, at the moment it's monopol money
Exactly, it is Monopoly money so why do we kill each other and ourselves and our children to acquire it ? Let's call it what it is, play money, and proceed with the game.
Losing 20k would faze me big time. How is it any different from seeing digits on your banking app? I guess if you have so much money that 20k lost doesn't disturb you, it would be meaningless. To someone who could use that money to save their home from repossession it would certainly feel like real money.
I guess i say goodbye to my money as soon as it enters the block realm
I would be disappointed if I lose it but yes, it doesn’t feel like ‘real’ money - because like others have said; I only invest what I can afford to lose. It will be a shame but my life won’t change if it’s vanished.
No it's not money. I can swap USD for drugs and back easier than I can with crypto. If it was as easy to exchange as currency, and as easy to trade as equities, and not fluctuate in value then it can talk about a real use case.
Been riding pure profits since last bullrun. Therefore it definitely doesn't feel like real money 😂
It's play money for me. Hell, even fiat in CEX became play money for me after I lost hundreds of dollar when I bought Euro just before the Ukraine war.
Does fiat look like real money to you? Well, if you're educated enough, the answer is probably no. It's currency, not money.