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Is crypto era over?

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  • Registered Users Posts: 9,389 ✭✭✭Shedite27


    Nobody mentioned dogecoin

    I’m not getting into what people think Crypto is, but the previous poster suggesting it was over because people aren’t talking about it is a good one. Haven’t heard anyone talk about bond yields at lunch in ages either, I presume that’s over too?



  • Registered Users Posts: 17,851 ✭✭✭✭Dohnjoe


    Yeah but it comes across like you were trying to equate crypto with traditional financial assets/instruments. Which is like comparing Disneyland money to the Euro.

    The only reason we talk about crypto is because, for whatever herd psychology reason, people go mental over it for awhile, they pile into the scheme trying to make money. When that dies down, talk about crypto stops. Why? Because its not really used for anything else but that.

    Bonds are boring financial instruments that make the world go around. Slight difference.



  • Registered Users Posts: 881 ✭✭✭erlichbachman


    Cmon dude, you can’t base the health of crypto on this forum, there are much better platforms out there which are well attended, there’s nothing I or anyone else on here will post regarding the technology or the business that hasn’t already been posted elsewhere.

    There’s a whole world of people out there doing the work for Web 3.0, and yet nothing on this forum, the people will only arrive here during a bull market.

    Crypto is dead, yet Blackrock and others are putting pressure on the regulators to permit them to directly invest in bitcoin. Crypto is dead, yet central banks are creating their own stablecoins. Crypto is dead, yet payment processors are rushing to find their solution in blockchains.

    RIP crypto, again

    Post edited by erlichbachman on


  • Registered Users Posts: 17,851 ✭✭✭✭Dohnjoe


    People will always keep trying to make money from it. Unless it's regulated out of existence, it will never "die". We will always get brokers, banks, market infrastructure, exchanges getting in in order to make money off that. When millions of idiots go into a frenzy of throwing money at "Shiba Inu" or whatever, there's significant money to be made from facilitating them do that.

    In terms of broad public/business use, basically no one uses it, it's considered pretty lifeless from that perspective.



  • Registered Users Posts: 2,066 ✭✭✭HerrKuehn


    Well I work for a trading firm, so yes, people would discuss things like bond yields.



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  • Registered Users Posts: 642 ✭✭✭joeyboy11


    OK so you don't like crypto. What's your opinion on block chan technology? For example smart contracts



  • Registered Users Posts: 17,851 ✭✭✭✭Dohnjoe


    I like the tech, it's pretty decent, has some uses. Smart contracts and DL tech can definitely help streamline certain processes. Does have limitations though.



  • Registered Users Posts: 642 ✭✭✭joeyboy11


    Fair enough. What's DL tech? Not an expert myself. Just looking to invest a modest amount and maybe get lucky



  • Registered Users Posts: 17,851 ✭✭✭✭Dohnjoe


    Distributed ledger.

    The investing part is a scheme, but indeed better to buy now than during some hyped run. My go-to was always BTC, Eth and a low market cap alt (the moonshot), usually split 3 ways.



  • Registered Users Posts: 2,066 ✭✭✭HerrKuehn


    If anything it seems to have gone backwards, with less investment in crypto. People have been waiting for mainstream adoption since at least 2017, it will 2024 in a few months.



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  • Registered Users Posts: 17,851 ✭✭✭✭Dohnjoe



    "Hello fellow forum posters, I am a new poster. Crypto is a good thing that is good. It's just getting started"



  • Registered Users Posts: 881 ✭✭✭erlichbachman


    It’s good to see you’ve finally transitioned Dohn



  • Registered Users Posts: 27,322 ✭✭✭✭super_furry


    The crypto-rush was a bit of a perfect storm really. It was during Covid when everyone was at home and spending more time online and in virtual communities and forums, there was a huge stimulus cheque project in the US that gave everyone a big unexpected cash windfall and with outdoor activities and socialising off the cards, a lot of people got caught up in the story of the Crypto boom.

    I don't think it's dead but there's a huge amount of scams and ****-coins to navigate and we'll probably end up with everything but a few dozen of the serious coins falling by the wayside.



  • Registered Users Posts: 17,851 ✭✭✭✭Dohnjoe


    I haven't, as far as I can see you're the token "excited" crypto supporter this bear, we've had one or two every bear run that I can remember.

    Crypto down? "Great another chance to buy"

    Crypto up? "Looks it's going up, quickly buy it"

    "This is just the beginning" 2013 2017 2021 2023

    aaand so on and so forth.



  • Registered Users Posts: 881 ✭✭✭erlichbachman


    Have the previous ones gotten filthy rich?



  • Registered Users Posts: 27,322 ✭✭✭✭super_furry


    Go one there and search for 'hot singles in your area'. You'll find more uncountable mentions and more scam spam.



  • Registered Users Posts: 17,851 ✭✭✭✭Dohnjoe


    Nah they just seemed to go quiet, like it was a phase. There's only so many years you can harp on that "this is just the beginning" before the next batch of crypto-bros takes over.

    Anyone in this early made money, off you lot. So I suppose a thanks is in order :)



  • Registered Users Posts: 881 ✭✭✭erlichbachman


    Really, from your years mentioned it seems they were here during the bull markets and never to be heard of again, 🤔 let me put it this way for ya, if ye don’t hear from me after the end of next year I am either filthy rich or I’m dead. I won’t come back to gloat and will be too wealthy for communication with peasants.



  • Registered Users Posts: 17,851 ✭✭✭✭Dohnjoe


    Every crash, there's a batch of crypto bro's hollering at people to buy, more than they usually do. It's usually just the bags speaking. Every bear, when the entire universe loses interest in crypto, there's usually a lone voice or two on here trying to keep the vibes positive.

    2014, 2018 and 2021/2022 (I wasn't around pre 2013)

    Some people on this forum made a lot of money. That's what it's all about. Crypto is just the BS scheme for that. When they make the money or they lose big time they usually stop with the whole "buy crypto!!!1" spiel.

    Post edited by Dohnjoe on


  • Registered Users Posts: 5,750 ✭✭✭el diablo


    Been posting here since 2017 but I rarely visit these days due to the incredible amount of scammers and spammers that are allowed to post here recently. And no, the crypto era is far from over. 😀

    We're all in this psy-op together.🤨



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  • Registered Users Posts: 10,742 ✭✭✭✭patsy_mccabe


    I don't own any Crypto, but I find I regularly watch the price of Bitcoin. Find it fascinating how the price moves up and down, yet no fundamentals driving it. It's purely sentiment.

    'When I was a boy we were serfs, slave minded. Anyone who came along and lifted us out of that belittling, I looked on them as Gods.' - Dan Breen



  • Registered Users Posts: 533 ✭✭✭dirk_dangler


    BTC was trojan horse to get developers into Blockchain, its has succeeded, some of the best brains in the world are now involved in Blockchain.

    We are now at the start of Web3 , the second phase of Blockchain and the pool of talent developing Blockchain is deep!

    BTC is Gen 1 Blockchain, it does nothing , its is pure speculation, you buy and hope it goes up in price, meanwhile there are other Blockchain that will be generating income and also increasing in price. If you Take the time to search you will see many, many BTC miners are on the brink of losing money, they really don't know if the coming halving will pump or dump the BTC price, they are concerned to say the least.

    Meanwhile Web 3, which you could call Gen 2 of Blockchain is starting to roll out, there are cost savings to be had by using Blockchain over legacy services, if you don't migrate to Blockchain, your competitor's that do will undercut you and take your clients.

    Prediction time!

    BTC was sold as Cryptocurrency to the public, it succeeded in bringing in top talent to the Blockchain world, now that Blockchain is here to stay we can see that the powers that be are going to destroy the Cryptocurrency dream, they will let it bob up and down in price, and just bleed money from retail in the coming years, but its not going to be the be all end all some think it is, the real money will be made on the Blockchain projects that generate money, so you have to separate the concept of Cryptocurrency from Blockchain, seek out the projects that will generate money from use fees and you will make profit way more than holding BTC and hoping for a pump.



  • Registered Users Posts: 20,896 ✭✭✭✭dxhound2005


    If the "powers that be" don't like all this new stuff they will destroy it as well. If they do like it, they will tax it. If it is a scam, there will be more victims. I expect that the "deep pool of talent" and "the best brains in the world" are in it to extract as much as they can from the dimwitted.



  • Registered Users Posts: 533 ✭✭✭dirk_dangler


    Love posts like this and the thanks from patsy_mcabe, as in the years to come you will be here undoubtedly posting "how could we know blockchain was going to be huge and make investors big money, its unfair, all set up by the powers that be so they get rich and we stay poor, its a golden circle and we aint in it" 😉

    Every prestigious university worldwide has a blockchain department, winners of awards in the fields of Math/computing are working on blockchain, its here to stay and adoption is rolling out, but you and others and hung up on BTC and cryptocurrency.

    97% of institutional investors anticipating tokenization will evolve asset management processes and $100 trillion worth of assets in the U.S. that could someday move onchain.

    The research shows 70% of respondents would increase their digital asset activity if services like custody and execution are available from recognized, trusted institutions. Despite the market downturn, 88% are moving forward with their plans. The study further indicates that almost all institutional investors (91%) are interested in investing in tokenized products.

    Just released An Industry Paper from DTCC / Clearstream / Euroclear

    Why should you care? Engage your brain, do a little research.................... or be fuming in the years ahead




  • Registered Users Posts: 20,896 ✭✭✭✭dxhound2005


    OK, you have me convinced. But can I please get my big payout in years to come in Euros. I want to make it simple in my will. You should also make plans on how to pass on your vast riches, if they are going to be in Blockchain money.

    When it comes to Blockchain.com’s Wallet and platform, the most important way to protect yourself is by never sharing your Secret Private Key Recovery Phrase (also called a backup seed), your Private Key, your password, or your Wallet ID, and by setting up Two-Factor Authentication (2FA) as an extra layer of security on your account.



  • Registered Users Posts: 533 ✭✭✭dirk_dangler


    Sibos is the Swift/Banks yearly conference, this year opened with Sergey from Chainlink.

    This interview with Sergey, will go over the head of 99% of posters around these parts, i doubt even 5% will watch it, more's the pity as it contains solid Gold info.

    The gist of it is banks will all run their own Blockchain and will use CCIP to link to each others chain, Banks do no want another settlement layer.(Ripple/XRP) For the dim-witted banks are using Chainlink , XRP will not be used by Banks.

    CCIP looks to have killed of most Blockchain projects out there, they will not be adopted, anyone looking to use Blockchain will create their own.

    Hyperledger and R3 to provide blockchain and Chainlink to connect them?


    Looks to me that Blockchain is about to see a big uptake in use, just not the Blockchains that most here are holding bags of.

    You can't say in years to come you did not see it coming, only yourself to blame if miss you out on this.

    TLDR- swap your bags for LINK



  • Registered Users Posts: 533 ✭✭✭dirk_dangler


    The name dirk_dangler will haunt you in the years to come, a new bill drops in the door, the price of groceries' rises again, dirk_dangler will pop into your head, just knowing i made it and living the good life and so could have you, it will break you.




  • Registered Users Posts: 881 ✭✭✭erlichbachman


    Appreciate you dumming that down for us dirk, just one question if I may, do you realise that a centralised swift blockchain is just a swift network on a blockchain?



  • Registered Users Posts: 3,938 ✭✭✭silliussoddius


    It's only starting, I heard a Central American economic powerhouse is going to adopt crypto.



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  • Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 91,064 Mod ✭✭✭✭Capt'n Midnight


    https://web3isgoinggreat.com/ - always refreshing

    Not even a real fart, just the sound of one, and who's to say it wasn't faked ? https://cryptoslate.com/someone-uploaded-a-fart-to-bitcoin-ordinal-network-and-apparently-sold-it-for-280k/


    In general crypto currency trades are asset shifting from those with less than one coin to the whales.


    NFTs are gone. "we would estimate that 95 percent to include over 23 million people whose investments are now worthless.""




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