Cryptocurrencies

[Spizz]

So you admit to gambling?

Indeed. I’ve never thought it was anything else.

 

[biometrics]

Not everyone is. But different people get their entertainment in different ways.

I love a flutter and bet at least R300 on football every weekend. Some people would rather spend that money on a trip to the cinema with popcorn and a slush puppy. I prefer to gamble on sport.

It’s fun, it’s controlled and if I couldn’t afford to lose it I wouldn’t do it. It’s entertainment.

Gambling is just fine. But some punters try to convince you that you are missing out... and making huge investment mistakes. Crypto or death!

 

[Spizz]

Gambling is just fine. But some punters try to convince you that you are missing out...

To be fair, it seems like you are. Small amounts have turned into large amounts for lots of people.

 

[biometrics]

To be fair, it seems like you are. Small amounts have turned into large amounts for lots of people.

You do understand the basic math that lots of people will lose out, right?

 

[Spizz]

Huge investments are stupid. Some will win, some will lose, and I’m certainly not betting my families life on something as volatile as crypto.

It’s a strictly fun thing for me.

 

[biometrics]

Huge investments are stupid. Some will win, some will lose, and I’m certainly not betting my families life on something as volatile as crypto.

It’s a strictly fun thing for me.

I'm not pointing fingers at you.

I find it sad that so many people participate in an obvious scam.

 

[Spizz]

You do understand the basic math that lots of people will lose out, right?

There is no such thing as a quick buck we are always being told, no?

People fuck up all the time in a million different ways. And unless people are entering into crypto with a gun to their head, why should I care?

 

[Spizz]

I'm not pointing fingers at you.

I find it sad that so many people participate in an obvious scam.

Don’t worry, I’m not taking it personally. We have different views and that means we have lots to talk about.

And first of all, I think our respective definition of the word ‘scam’ is different

 

[LD50]

I'm not pointing fingers at you.

I find it sad that so many people participate in an obvious scam.

One of my bank accounts is not sad at all

 

[biometrics]

One of my bank accounts is not sad at all

Someones bank account will be.

Do you think forever value increase is realistic?

 

[LD50]

Someones bank account will be.

Do you think forever value increase is realistic?

Crypto at the moment is media driven. That's it
Take Ripple's XRP for example. If the US SEC court case against Ripple rules XRP not to be a security.....and you don't have XRP in your portfolio, you could be fucked very quick.

 

[LD50]

BTW Bitcoin is a no go for SA'cans atm. Too expensive, no proper return

 

[LD50]

@biometrics, crypto is like going to the casino. That's how I see it, yet I don't throw in money blindly. I try to make the best possible decision based on the latest reliable news and data.

 

[LD50]

and yes, I've lost but I've also gained. Made about 70k profit off XRP since Feb. Luck? Maybe.

 

[LD50]

You sit there in your Hermanus wine cellar downing Merlot from the valleys while judging these crypto players...and yet some of them are coining it.
Scam, no scam, people still gonna play and win

 

[biometrics]

and yes, I've lost but I've also gained. Made about 70k profit off XRP since Feb. Luck? Maybe.

Wow, R70k, hey! I'm going to follow your advice from now on!

 

[LD50]

Wow, R70k, hey! I'm going to follow your advice from now on!

Hey, let's bring it down a bit ok?
There's no magic potion here, it's ALL gamble. Crypto is a fucking joke where you COULD make money.
Happy?

 

[LD50]

Wow, R70k, hey! I'm going to follow your advice from now on!

Yes btw, I was sad because it could have been 360k

 

[Spizz]

Hey, let's bring it down a bit ok?
There's no magic potion here, it's ALL gamble. Crypto is a fucking joke where you COULD make money.
Happy?

Yep. And if people lose? Fuck em. People are cunts.

 

[LD50]

Yep. And if people lose? Fuck em. People are cunts.

Have a good feeling with Ripple though since a few banks are supporting the system