I never believed in crypto currencies -- lost 16 billion in one day

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Gambling problem…

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Somehow these crypto enthusiasts think that they can have their private banks and issue new digital currencies. I was a little surprised to learn how many crypto currencies there are. They are all falling.

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I had a friend who was into this gambling addiction…
Lost a lot of money

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I was gifted 3 dollars worth of bitcoins. It is is now worth 1 dollar.

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A diversified portfolio is key. If I had a portfolio I would invest 5% in various crypto.

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Bloomberg: Bankman-Fried Fooled the Crypto World and Maybe Even Himself

I don’t think crypto can compete with traditional money in the long run.

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In the beginning of this year we discussed cryptocurrencies … people were seeing that cryptos would collapse. Hey, we are not stupid here on the forum.

I was always skeptical about bitcoins, but 90% of 16bn is still quite a bit of money.

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I had no idea why anyone would want crypto currencies. What’s wrong with good ol’ US Dollars?

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Well the hope with crypto currency is that if you buy it for say 100 dollars your hoping you can sell it to someone else for 200 dollars.

Thats the only real usage at this point lol

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He’s still a billionaire.

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Things which have some backing or have some intrinsic value are going to remain kings and queens. Fiat money, gold and silver. Even cigarettes.

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Gamers are finally able to buy GPUs.

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haha…gawd the crypto boom made gpu’s so gawdamn expensive and now it seems with the new cards they will keep the price up as they know we gamers will pay for the latest and greatest to get those frame rates…It’s a con I tell you :slight_smile:

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Isn’t there glut of previous gen GPUs? I am not a gamer but do gamers always go for new generation cards?

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