ESOC Crypto Corner

[XeeleeFlower]

https://www.coindesk.com/400k-hacker-ma ... let-theft/

My Stellar is apparently quite appealing.

[Gendarme]

A moment of silence for everyone involved in crypto this day. Remember to not panic and HODL!

[fightinfrenchman]

A moment of silence for everyone involved in crypto this day. Remember to not panic and HODL!

It's just like the stock market, always hold because it will go up eventually

[Gendarme]

@fightinfrenchman You if anyone should know that I never have been wrong. Not even once.

[fightinfrenchman]

@fightinfrenchman You if anyone should know that I never have been wrong. Not even once.

Well, let's get that unban going

[lejend]

Should I take out a large loan and invest it in this crap? Seems decently profitable desu.

[fightinfrenchman]

Should I take out a large loan and invest it in this crap? Seems decently profitable desu.

yeah

[Goodspeed]

A sword day, a red day, ere the sun rises...

What's funny is that I actually pulled half my money last Tuesday to transfer it from eToro to Binance, now that I'm verified and removed limits on Coinbase. I figured it would be a good time because XRP was clearly overbought so if lucky I would be able to rebuy at a lower price. It's taking way longer than expected (their site says 1-2 days) because eToro is being a huge pain about it. They even called me to ask why I was withdrawing... And now they paypalled it to me today but because of the amount I have to now verify my ID and address on Paypal which will take another 1-2 days. That feel when I should be thanking them...
Then again by the time I have the money on Binance the market will probably have recovered

[Gendarme]

The only valid reason to not buy ZCL is if you're already 100% all-in on ZCL. I can't respect anything else.

[Jam]

[Snuden]

Choo Choo...

The only thing that drop faster than Bitcoin is my womans panties, when I sing a serenade.

[dietschlander]

Should I take out a large loan and invest it in this crap? Seems decently profitable desu.

No

[Goodspeed]

Now certainly is the time

[dietschlander]

havent you guys learned from the economic crisis?
It is unwise to invest money you do not have

[Goodspeed]

That's fair and all, but buying a house is the same thing. Just a more stable market. Generally...

[dietschlander]

you consider crypto currency a safe market?

[fightinfrenchman]

That's fair and all, but buying a house is the same thing. Just a more stable market. Generally...

You can't live in a Bitcoin

[Goodspeed]

you consider crypto currency a safe market?

My point was that no market is entirely safe. Of course crypto is one of the riskier ones, as markets go.

[Dolan]

[Radix_Lecti]

Korean plans are:
companies are banned from trading/owning BTC
BTC exchanges will be monitored by government
all private transactions will have to be under 'real name', meaning by using biometrics and social security number.
no BTC purchases in real market allowed (coffee and stuff)

Sounds to me you guys should get out even take a loss if need be.

My experience is that whenever the Korean government announces "'plans"', it turns eventually into law unchanged.

[XeeleeFlower]

havent you guys learned from the economic crisis?
It is unwise to invest money you do not have

Exactly. Don't invest your life savings. Just invest with your play money and then reinvest with whatever you've earned from that. I don't think anyone here is doing otherwise, though I could be wrong.

[lejend]

Let me tell you.

If you go through life playing it safe, you probably won't have any losses, but you won't have any victories either. It's much better to fail young than old. Your young age and limited responsibilities make it easier to recover from failure.

But if you never try, that is even worse than trying and failing. Do you think on your deathbed, you'll think, "man, I accomplished or tried to accomplished so much in my life. I wish I would've spent my life wallowing in mediocrity, never trying to accomplish anything, and doing the same old boring thing every day, every year, for decades?" Not really.

Nibba we're all going to die soon. I have no idea why people get scared when money is involved. Money is useless in the afterlife. No point holding on to it. You have nothing to lose and quite a lot to gain by taking financial risks.

[Jam]

Invest in stocks? Bah, that's not risky enough for me. I just spent all my savings on lottery tickets. No ragrets. YOLO

[deleted_user0]

What is the opposite of rocketing?
Anyways, that's going to happen.

[lejend]

Stupid people avoid risk. Smart people manage risk!

It is like not going outside because you're afraid of the sun burning your skin. But you can bring an umbrella, you can walk in the shade, you can cover up, you can wear sunscreen.