Bitcoin's 10 trillion dollar valuation is fast approaching

Economy & Finance
3920

Optimists make money and feel good about the future.

Pessimists just feel terrible everyday.

To a pessimist, everything is a bubble. Crypto is a bubble. EV is a bubble. Metaverse is a bubble. Silicon Valley is a bubble.

:man_shrugging:

3921

@manch is a Statesman.

3923

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/crypto-comes-to-ny-real-estate-as-commercial-property-gets-offered-in-bitcoin-170623843.html

3924
3925

Crypto has turned crapto. BTC and ETH down almost 10% from the highs earlier in the day.
#volatility

3926

SF-based

3927

It’s time to start web3 startup in anticipation of the next super cycle. :crazy_face:

1 Like
3928

i am in :slight_smile:

3929

Need to string all the buzzwords together like web3 AI decentralized startup running on sustainable energy.

3 Likes
3930

So, @pastora has the current cycle peaked?

3931

I don’t think so but anything can happen.

3932

I did take half off of crypt this morning though. Price action was so off. I plan to btfd though.

3933

I just finished reading this book. It’s sorta dated, being written in 2015, but does a great job filling in the basics. At least I now know what the heck a blockchain is. It seems to be a very popular textbook in college CS classes. Both Stanford and Berkeley use it as textbook.

@tomato are you still around?

2 Likes
3934

Paradigm and the other crypto firms operate differently in that they often take tokens in return for investment—tokens they typically get a discounted rate. These tokens are both liquid and highly volatile so the firms’ performance will depend on the state of the crypto market and whether they decide to cash out.

Regular folks like us can also invest in these startups by buying the projects’ tokens.

3935

What kind of potion has you taken? I need to be young and energetic too.

3936

US should keep it in the Treasury :joy:

3937

We’re close to peak crypto. Stadium naming rights are a peak activity.

4 Likes
3938

What’s your take on crypto in the long run @marcus335 ?

3939

I think blockchain tech is promising. The idea that crypto is worth money, because computers solve math problems to unlock it is honestly insane. I’ve never bought the “store of value” argument. It’s so easy to create a new coin. Then what makes one worth more than another other than marketing hype? Who knows how long the nonsense can last though? That’s the real question.

3 Likes
3940

you laugh now, but that is what I am noodling on and gathering resources to do…:wink: :crazy_face: have idea, strawman business plan - just need to find people smarter than me to help execute. :wink:

2 Likes