OT Crypto Currencies

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And right on que....AMC files for stock sale and they fall 30%...

Be care Reddit traders.
 
Reddit jumping to Blackberry.
If you are on that ride. Get off at about $25. Might go to 30 but the 52 week high is about 25 so anything over that you will be on borrowed time.
 
riverman said:
right now is a terrible time to buy, great time to sell...I'm telling my son he should consider cashing out on his beautiful home and live out here in our guest house until the market is ready for buying again. I could make a lot of money selling my acres out here but I'm not doing that until I'm ready to relocate.....which may just be never. Considering buying my cousin's bed and breakfast operation in New Zealand and retiring there for half the year but I'm attached to my new grandson now and he's going to be here for a long time. His other grandfather has already set up his college fund at the U of O.
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It’s clear that your duty as #1 Grandpa is to set up his college fund at OSU!
 
All my cryptos are sitting pretty flat right now. I don't have Bitcoin so i'm not taking a bath on it.
 
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I started at the end of January with $30 of Doge on Robinhood.

Bought, sold, bought, sold, bought, sold, bought.

Ended up with 3,000+ Doge.

That 3,000+ Doge I just sold all of it for $980 and then bought $1000 of Doge on Coinbase.

Coinbase seems more secure.
 
Crytpo getting smashed.

When is the time to re-enter? How much longer?

Doge: 21 cents
BTC- 32k
ETC- 43
Bitcoin Cash- 480
Ethereum- 1920
 
I'm going back in with some Ethereum Classic around 45 now. It was 40 this AM, but want to get back in. Maybe it will fall some, but the trends seem to go back up with crypto lately. We'll see.

Low was 33 in this dip, a week ago it was 56, a month ago it was 78.

I sold last for 68 on June 2nd.
 
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ETC 50. Unfortunately (or not unfortunately) I sold it already to put into $ITRM + $WISH last week and more today to buy more $MMAT.

still looking for dips. Last week was a good buying opportunity.
 
ETC 57. Fuck! should have stayed in lolz because stocks kinda suck this week.
 
Controversial Romanian crypto billionaire - dubbed 'the father of bitcoin toxicity' - drowns off Costa Rica aged 41 leaving a $2bn fortune
  • Popescu was one of the earliest adopters of the cryptocurrency Bitcoin
  • Local news reports say he drowned off the coast of Costa Rica
  • The Romanian was controversial and accused of being racist and sexist in his prolific blog postings
  • He leaves behind more than $2 billion in Bitcoin, the fate of which is uncertain
https://www.dailymail.co.uk/news/ar...coin-adopter-died-suddenly-Monday-age-41.html
 
SlyPokerDog said:
Controversial Romanian crypto billionaire - dubbed 'the father of bitcoin toxicity' - drowns off Costa Rica aged 41 leaving a $2bn fortune
  • Popescu was one of the earliest adopters of the cryptocurrency Bitcoin
  • Local news reports say he drowned off the coast of Costa Rica
  • The Romanian was controversial and accused of being racist and sexist in his prolific blog postings
  • He leaves behind more than $2 billion in Bitcoin, the fate of which is uncertain
https://www.dailymail.co.uk/news/ar...coin-adopter-died-suddenly-Monday-age-41.html
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When the wealthy and powerful die in accidents I'm always just a tad more suspicious.

Blockchain tech is the future and I'm invested in a few. It's pretty clear this will be the backbone of Internet 2.0. Btw after the Cyber Polygon planned Davos hack, I expect a blockchain based internet or two or THREE will be rolled out. One centralized and controlled by the Davos set. And two other competing "free internets". Will they be connected? I don't think they will actually. I think we will see a full-blown split. Like the Darkweb today, but even more significant in terms of a gap of both free information flow and also technologically speaking.

With all of that said, I'm getting out temporarily on the next run to the BTC mid 40k's on all my crypto except one which is staked. Good luck everyone. :)
 
I'll probably throw in $100 every week into crypto right now. $STMX, $DOGE and $ETC
 
Wyoming becomes first US state to legally recognise DAO

The state of Wyoming has become the first in the US to approve and legally recognise a Decentralised Autonomous Organisation (DAO).

The move became official when the American CryptoFed DAO received notice from the Wyoming Secretary of State’s office that it had been acknowledged as a legal business entity.

Marian Orr, CEO of the American CryptoFed DAO, said the approval now brought wider adoption into focus for the country’s tenth-largest state.


“Wyoming is the leading digital assets jurisdiction in the USA, and now with this DAO law, Wyoming is arguably the top blockchain jurisdiction in the world,” she said.

“What this means is that creating a true digital currency with mass acceptance is now possible.”

The mission of the American CryptoFed DAO is to create and sustain a monetary system with zero inflation, zero deflation and zero transaction costs. The DAO operates on the EOS network and has two native tokens – Ducat, a stablecoin that will be used for daily transactions and a store of value, and Locke, a governance token used to stabilise Ducat and allow holders to participate in network rule and decision making.

A DAO is an open-source blockchain protocol governed by a set of rules created by elected members. The rules are pre-written as smart contracts and can execute without the need for intermediaries.

Earlier this year, Wyoming also became the first state in the US to pass legislation into law that recognises DAOs as a distinct form of limited liability companies (LLC) from July 1.

Wyoming’s Secretary of State, Edward Buchanan, praised the state’s continued work as a recognised leader of technology.

“Wyoming has a reputation for being on the leading edge of business technology, beginning in 1977 with the recognition of LLCs,” he said.

“We are proud to continue this innovation by offering legal protections to Decentralized Autonomous Organizations.”

The Merchant Advisory Group (MAG), representing 165 of the largest merchants in the United States, also expressed its support of the DAO filing.

John Drechny, CEO of the MAG, said: “With the announcement of the American CryptoFed becoming the first Decentralized Autonomous Organization in Wyoming, we can see a path in which merchants will have more choices for payment acceptance.

“Wyoming is leading the way to create legal certainty in the crypto space, and the American CryptoFed DAO is focused on delivering a fee-free payment choice for merchants.”

Marian Orr also highlighted the benefits for merchants when using the DAO.

“Our digital currency enables municipalities, merchants and consumers to engage in digital transactions without the cost of processing fees,” she said.

Wyoming has been at the forefront of crypto adoption in the US since 2019 when it announced two bills that focused on cryptocurrency and blockchain technology. One of the bills allowed for the regulation and recognition of cryptocurrencies as money in Wyoming, which has since paved the way for a focus on the utility of tokens and now the introduction of a DAO.

Wyoming Senator Cynthia Lummis is also pushing for greater crypto adoption in the US. Lummis recently encouraged US citizens to buy and hold Bitcoin (BTC) as retirement savings to hedge against inflation of the dollar.

Lummis also invited crypto miners to the state via Twitter, saying “We WANT you in Wyoming” and defended Bitcoin’s carbon footprint in a recent interview focusing on more affordable energy and the environmental impact of Bitcoin mining.
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