imo, more proof that Crypto is a manipulated, rigged casino

sorry very hard to feel sorry / have sympathy for those foolish / gullible Solana investors.
There are thousands of articles warning them about such a dangerous investment
and they choose not to pay attention to it.

take our hats off to the Solana creators for their creativity/ingenuity/ entrepreneurship
 
"take our hats off to the Solana creators for their creativity/ingenuity/ entrepreneurship"

none of this would be possible if our regulators weren't sitting around diddling themselves.
 
JackMorgan said:
"take our hats off to the Solana creators for their creativity/ingenuity/ entrepreneurship"

none of this would be possible if our regulators weren't sitting around diddling themselves.
More...


strangely, Investors can invest in Solana.

But Americans cannot trade things like CFDs.
trading CFDs are allowed in many other countries.
 
JackMorgan said:
none of this would be possible if our regulators weren't sitting around diddling themselves.
More...

As an engineer and software developer statements like this baffle me. Some guys sat around doing neat stuff with cryptography. I was active on the bitcoin forum at the time. Very few of us equated it to something like real money. No one was paying ANTHING for it. Since supply was constrained and it was divisible and transferrable it certainly acted like money, hence the name bitCOIN. But it had no value. No reason to believe the seed that created the current bitcoin blockchain would be used in the future. It was just as easy to crank it up from the start again, which invalidates all current wallets.

Then a guy creates an exchange. I remember it well. It was silly. But they did accept USD deposits and people were paying pennies per bitcoin. It was totally a proof of concept only.

So at what point did these crypto keys become something the financial community needed to regulate? It's very surreal.

No, I didn't keep any bitcoin. That would have been laughable at the time. Who knew.
 
Sorry to hear you didnt become a billionaire out of next to nothing. Better luck next time !

Crypto was taken over by criminals and con men , when they realized it was the wild west and the feds were too stupid, lazy , and slow to figure out it was an end run around many laws already on the books

It was as if you could run your own lottery, without getting arrested. ICO worthless garbage . etc.

I thought they would shut it down long ago .

Imagine if they stopped arresting bank robbers. Does that mean I should go out and become a bank robber. ?

Just a few random thoughts
 
FreeGoldRush said:
As an engineer and software developer statements like this baffle me. Some guys sat around doing neat stuff with cryptography. I was active on the bitcoin forum at the time. Very few of us equated it to something like real money. No one was paying ANTHING for it. Since supply was constrained and it was divisible and transferrable it certainly acted like money, hence the name bitCOIN. But it had no value. No reason to believe the seed that created the current bitcoin blockchain would be used in the future. It was just as easy to crank it up from the start again, which invalidates all current wallets.

Then a guy creates an exchange. I remember it well. It was silly. But they did accept USD deposits and people were paying pennies per bitcoin. It was totally a proof of concept only.

So at what point did these crypto keys become something the financial community needed to regulate? It's very surreal.

No, I didn't keep any bitcoin. That would have been laughable at the time. Who knew.
More...

I was not as early as you to Bitcoin because I was literally working many overtime hours so only got a chance to study and got into Bitcoin in 2013 when it was around $100, but I did not go all in until 2014 when I maxed out all my credit cards

There were a few people that saw the value of Bitcoin from very early on. I would recommend the book "The Bitcoin Billionaires" if you want to look back and remember those early days

Without ruining too much of the book, there are articles on how Winklevoss twins got introduced to Bitcoin while vacationing in Ibiza when price was $12, it immediately clicked on Tyler who's a Harvard Economics graduate

In the book, they bought 1% of the 21M but who knows if they own more or less. They've never sold a single Bitcoin per recent interview

To put that into perspective, 210,000 BTC acquired at average price of $20 cost them around $4M which is a very small part of their $65M FB settlement, rode it to $210M in 2014, then it crashed to $30-40M in 2015-2016

They rode it again to $4B in 2017 before it crashed all the way to $600M in 2018-2020, now currently worth $4B again but it was $14B in 7 months ago

Another guy who saw the Bitcoin value very early on is Wences Casares, already very wealthy and retired Silicon Valley Tech founder and investor, but when he found Bitcoin asked his wife to come out of retirement and worked harder than his previous companies. He founded Xapo, a custodial service for Bitcoin. His family was from Argentina and lost their family fortune several times due to Argentina's recurring financial crisis for the past 50 years
 
maxinger said:
sorry very hard to feel sorry / have sympathy for those foolish / gullible Solana investors.
There are thousands of articles warning them about such a dangerous investment
and they choose not to pay attention to it.

take our hats off to the Solana creators for their creativity/ingenuity/ entrepreneurship
More...

This. Respect to those who have profited, good for them!
 
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