Melanius Mullarkey Posted December 10, 2021 Share Posted December 10, 2021 4 hours ago, welshbairn said: Just another market ripe for exploitation. Football fans spending millions on club crypto-tokens Interesting first paragraph. “Potentially” doing all the lifting. 0 Quote Link to comment Share on other sites More sharing options...
Detournement Posted December 10, 2021 Share Posted December 10, 2021 Has anybody swapped their house for Bitcoin? 0 Quote Link to comment Share on other sites More sharing options...
gaz5 Posted December 10, 2021 Share Posted December 10, 2021 Has anybody swapped their house for Bitcoin?I know of people in the group's I'm in who have taken out equity on their mortgage/secured loans to buy bitcoin because "debt is cheaper than the returns and the opportunity cost of not missing out is silly".Not for me. Betting the farm is a mentalists game. I genuinely can't believe people do it, could go very, very wrong very very quickly. 0 Quote Link to comment Share on other sites More sharing options...
Detournement Posted December 11, 2021 Share Posted December 11, 2021 Keanu one of the good guys. 1 Quote Link to comment Share on other sites More sharing options...
gaz5 Posted December 11, 2021 Share Posted December 11, 2021 Keanu one of the good guys. That is very good. [emoji1787]I can see long term applications for NFT's, but not in anything like the bullshit jpeg game that's going crazy just now. 0 Quote Link to comment Share on other sites More sharing options...
Detournement Posted December 11, 2021 Share Posted December 11, 2021 5 minutes ago, gaz5 said: That is very good. I can see long term applications for NFT's, but not in anything like the bullshit jpeg game that's going crazy just now. I read someone say that NFTs could be used to prove ownership of a house. Solving the very common problem of not knowing who owns a home.... 1 Quote Link to comment Share on other sites More sharing options...
gaz5 Posted December 11, 2021 Share Posted December 11, 2021 I read someone say that NFTs could be used to prove ownership of a house. Solving the very common problem of not knowing who owns a home.... I mean it could be used for that, but it would be in the name of improving a solution rather than solving a specific problem.There was a case in the news just last week of a minister who was seconded to another party of the country returning to find his house has been sold by a fraudster and new people were living there with the locks changed and his stuff dumped. It's uncommon, for sure, that was the first time I'd read about a case in all honesty.Things like event ticketing (stopping fake scalping), University degrees (again, stopping fakes), medical records etc. could all have meaningful applications via NFT technology IMO in future.ETA, Found the story: https://www.google.com/amp/s/www.thesun.co.uk/news/uknews/16648500/came-home-find-house-sold-new-owners/amp/Wasn't the sun I read it in, but same details. 0 Quote Link to comment Share on other sites More sharing options...
Fraser Fyvie Posted December 11, 2021 Share Posted December 11, 2021 16 hours ago, Detournement said: Has anybody swapped their house for Bitcoin? I have. 0 Quote Link to comment Share on other sites More sharing options...
DiegoDiego Posted December 11, 2021 Share Posted December 11, 2021 I've never really liked the crypto.com adverts but stuff like this is surely illegal:P&B advert compared with reality. 0 Quote Link to comment Share on other sites More sharing options...
Kapowzer Posted December 12, 2021 Share Posted December 12, 2021 I'm guessing the cypto.com ad is a JPEG rather than real time market prices and as such snapshot from a very good day as it is a marketing tool to drive sales for a commercial company. I agree, a bit like Rangers "55", it should have an asterisk. Research done by which? showed a huge number of prices (80% from memory) on Black Friday were lower on other days of the year. Inflation not a factor. HSBC don't advertise "£849 arrangement fee, 1.19% APR ..... we repossessed 24,765 homes last year" It's why a Mercedes ad doesn't tend to advise the cost of a service and frequency of repairs per 10,000 on average cost of said repairs in theirs. Most food advertising is done with cold food, staged by a team of professionals, sprayed with glycerine to make it look extra juicy and appetising. Like everything in life, do your own research to build context and remember ..... perception and reality are often far apart. 0 Quote Link to comment Share on other sites More sharing options...
DiegoDiego Posted December 12, 2021 Share Posted December 12, 2021 Indeed, but there's a difference between not giving the full information and giving information you know to be false. I'm sure they can blame the advertising middle men, but I've seen that same advert for a few days now without any change in the data.I think blockchain technology can be of huge value for society and it saddens me that most people's exposure to it is misleading adverts and media hit pieces. 0 Quote Link to comment Share on other sites More sharing options...
Kapowzer Posted December 12, 2021 Share Posted December 12, 2021 (edited) 3 hours ago, DiegoDiego said: Indeed, but there's a difference between not giving the full information and giving information you know to be false. I'm sure they can blame the advertising middle men, but I've seen that same advert for a few days now without any change in the data. I think blockchain technology can be of huge value for society and it saddens me that most people's exposure to it is misleading adverts and media hit pieces. I don't know, they showed a snapshot of a very good period of time as is their right. It would be a fool to think that was either sustainable or not able to fluctuate into the red by the same or larger amount. The addition of a disclaimer should be there but if someone goes off to buy that particular coin without and due diligence then hell mend them. Looking at the graph, over the past 30 days, Crypto.com Coin had approx 20% or bigger gains on 6 24 hr periods, achieving 25% on 4. Of course I'm cherry picking, like what advertisers have done since the dawn of time. Edited December 12, 2021 by Kapowzer 0 Quote Link to comment Share on other sites More sharing options...
DiegoDiego Posted December 12, 2021 Share Posted December 12, 2021 I also don't know. One's assumption is that it represents the most recent 24h period. There's no way a loan provider could advertise with a cherry picked APR from two years ago. 1 Quote Link to comment Share on other sites More sharing options...
Kapowzer Posted December 12, 2021 Share Posted December 12, 2021 Are loan or mortgage APR’s are dynamic daily? you can’t say that about any stock or currency. I’m not excusing what they’ve done but I don’t think it’s particularly underhand and I think what you’re suggesting isn’t workable. However now you know, take adverts with a pinch of salt going forward. 0 Quote Link to comment Share on other sites More sharing options...
DiegoDiego Posted December 12, 2021 Share Posted December 12, 2021 I've always taken adverts with a pinch of salt but there are many people who don't and that's who these adverts are aimed at, not those who already understand the market.A more realistic and up to date solution really isn't outwith the realms of current technology. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted December 12, 2021 Share Posted December 12, 2021 Pissing myself at the thought that a technology company in the crypto market does not have the technology to accurately advertise. They'll maybe NFT it so that the punters that don't make 22% in a day can buy the NFT in the hope that it makes up the shortfall. As for comparing it with mortgage rates. . Made even worse by the fact that repossessions have f**k all to do with the loaning of money. Crypto shod be made to do the same as spread betters and provide details of how many retail investors lose money. Eg. IG list it at about 75% 0 Quote Link to comment Share on other sites More sharing options...
DiegoDiego Posted December 12, 2021 Share Posted December 12, 2021 Crypto shod be made to do the same as spread betters and provide details of how many retail investors lose money. Eg. IG list it at about 75%I think most of them do. 0 Quote Link to comment Share on other sites More sharing options...
gaz5 Posted December 12, 2021 Share Posted December 12, 2021 Pissing myself at the thought that a technology company in the crypto market does not have the technology to accurately advertise. They'll maybe NFT it so that the punters that don't make 22% in a day can buy the NFT in the hope that it makes up the shortfall. As for comparing it with mortgage rates. [emoji23]. Made even worse by the fact that repossessions have f**k all to do with the loaning of money. Crypto shod be made to do the same as spread betters and provide details of how many retail investors lose money. Eg. IG list it at about 75% TBH I'd be right behind that approach. 1 to make sure people know what they're getting into and 2. because I'd love a tax free pass for Crypto, same as spread betters get. [emoji1787] 0 Quote Link to comment Share on other sites More sharing options...
The Equalizer Posted December 15, 2021 Share Posted December 15, 2021 Did anyone else experience that crazy anomaly with Baby Doge yesterday? I have 16,000,000,000 and at one point coin market cap had them trading at upwards of $2 dollars. I couldn't switch any of them to a less volatile currency on the exchanges and if you go back today all the exchanges are showing a flat line and no change, where yesterday there was a massive spike between around 11:30am and 2pm. 0 Quote Link to comment Share on other sites More sharing options...
Fraser Fyvie Posted December 15, 2021 Share Posted December 15, 2021 They weren’t actually trading at that amount though obviously, it was a glitch on CMC/Coinbase. 0 Quote Link to comment Share on other sites More sharing options...
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