Crypto Sponsorship for the AFL - and now NFTs

[Chief]

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[ExpatAussie]

lol at 4.55

Chuckle along while they miss the biggest evolutionary investment in history. Dills

 

[Kram]

Just make sure you already have your parachute on and at least 1 foot out the door before the engine finally drops out of the plane like all the big players.

 

[ExpatAussie]

Just make sure you already have your parachute on and at least 1 foot out the door before the engine finally drops out of the plane like all the big players.

You are talking about the inflationary fiat currency system, right?

 

[happy_eagle]

 

[HairyO]

crypto.com is sacking hundreds of employees. Price of crypto is down 87% from its high.

I feel like they need Matt Damon to make another ad. That will turn things around.

 

[Chief]

crypto.com is sacking hundreds of employees. Price of crypto is down 87% from its high.

I feel like they need Matt Damon to make another ad. That will turn things around.

They need to put on another Super Bowl.

 

[HairyO]

They need to put on another Super Bowl.

Or maybe a ZOOPER Bowl !

 

[BobbyMorri]

I don’t have mates.

I use mate, like some you campaigner, or other people use bro.

We get it, you’re a peasant who’s happy with an interest rate of 2%.

I prefer larger returns. I invest in staking coins which delivers me anywhere between 30-700% p.a. Locked in, loaded, paid daily.

Are you seriously suggesting I should give that up for 2%, because that’s the way we’ve always done business?

We’re you against CFDs & Futures when they became available to trade? But they’re risky, and nobody knows anything about them.

Wonder how your 30-700% returns are going.

Sadly, for some people, the truth of "risk-free" returns is going to be a hard reality check.

 

[Chief]

Wonder how your 30-700% returns are going.

Sadly, for some people, the truth of "risk-free" returns is going to be a hard reality check.

As I was watching a lot of the videos on crypto I was thinking of a few of our friends in here and the high returns they were talking about. It never sounded viable and as the Terra Luna stuff was happening, I could see why in real time.

 

[Rob]

crypto.com is sacking hundreds of employees. Price of crypto is down 87% from its high.

I feel like they need Matt Damon to make another ad. That will turn things around.

I'm constantly astounded by the amount of advertising I see by crypto.com....even at the F1 on the weekend it was everywhere. Is this all paid for by commissions from crypto trades? It just doesn't add up.

 

[HairyO]

I'm constantly astounded by the amount of advertising I see by crypto.com....even at the F1 on the weekend it was everywhere. Is this all paid for by commissions from crypto trades? It just doesn't add up.

They have spent $400m or something insane on advertising and sponsorships over the last year. Its a Ponzi scheme and only works if they raise billions and then continue to raise billions.

 

[Carn The Berries]

They have spent $400m or something insane on advertising and sponsorships over the last year. Its a Ponzi scheme and only works if they raise billions and then continue to raise billions.

Just read that the deal the AFL signed was for 5 years. I hope they got a fair chunk of the $25m up front!!

 

[Chief]

Just read that the deal the AFL signed was for 5 years. I hope they got a fair chunk of the $25m up front!!

That's what I thought when I heard it announced.

My big brain paralleled with Taleb:

'Black Swan' author Nassim Taleb says bitcoin is worth zero and fails as a currency and a hedge

"The Black Swan" author Nassim Nicholas Taleb has reversed his stance on bitcoin, now saying it is worth zero and fails as a hedge.

www.cnbc.com

 

[Carn The Berries]

That's what I thought when I heard it announced.

My big brain paralleled with Taleb:

'Black Swan' author Nassim Taleb says bitcoin is worth zero and fails as a currency and a hedge

"The Black Swan" author Nassim Nicholas Taleb has reversed his stance on bitcoin, now saying it is worth zero and fails as a hedge.

www.cnbc.com

You don't have to have a degree in statistics to see that it is failing as an inflation hedge. How it was ever going to do that is beyond me.

 

[HairyO]

You don't have to have a degree in statistics to see that it is failing as an inflation hedge. How it was ever going to do that is beyond me.

You just dont get the vibe, boomer !

Hopefully all those in here gloating over the last few months sold out at the peak. Its fun to mock ignorance, but not so much fun if they had invested heavily and have taken a beating.

 

[Carn The Berries]

You just dont get the vibe, boomer !

Hopefully all those in here gloating over the last few months sold out at the peak. Its fun to mock ignorance, but not so much fun if they had invested heavily and have taken a beating.

I have no issue mocking those who invested heavily and took a beating at all. I can still feel a bit sorry for them at the same time but the old adage still rings true, buyer beware (particularly if you have NFI what you're actually investing in).

 

[WillHayward]

Fun facts:

1. Matt Damon "Crypto.Bro" ad released 28 October 2021. Bitcoin price $58k USD
2. Bitcoin price today $19k USD
3. When Plimy the Elder used the phrase "fortune favours the brave" in AD 79- he then sailed to Mt Vesuvius and promptly died.

 

[WillHayward]

That's what I thought when I heard it announced.

My big brain paralleled with Taleb:

'Black Swan' author Nassim Taleb says bitcoin is worth zero and fails as a currency and a hedge

"The Black Swan" author Nassim Nicholas Taleb has reversed his stance on bitcoin, now saying it is worth zero and fails as a hedge.

www.cnbc.com

He just doesn't "understand" it. He's not smart enough. He's got FUD and he's a boomer.

 

[Cotchins Hair Piece]

Getting rich via dumb people, not new. You can only sell your crypto when someone else is willing to buy it from you. I love dumb people.

Bigger fool scam. You can only cash out if you find a bigger fool to sell to.

Long story short. I shorted on some crypto. Any idiot could see the crash coming. Made a small fortune.
Ok I’m being humble, it wasn’t small.

 

[Kram]

The pumpers have quietened down a far bit, hopefully not too many went 'all in' with their capital and are in danger of losing their shirts.

 

[Kram]

I have no issue mocking those who invested heavily and took a beating at all. I can still feel a bit sorry for them at the same time but the old adage still rings true, buyer beware (particularly if you have NFI what you're actually investing in).

Even if you believe in it ffs at least have some diversification, I mean I don't actually mind having a punt on very risky stuff but it's always to a set limit that I can afford to lose and own lots of boring conservative things as well. Seriously the amount of nuffies you read about that have ALL their savings in this stuff is scary.

 

[Kram]

 

[Carn The Berries]

A fool and their money....

 

[Chief]

I'm interested if anyone bought these collector card packs at $49. What was the gas fee?

 

[Rusty Brookes]

If You Invested $1,000 In Bitcoin When Michael Saylor Said To Mortgage Your House, Here's How Much You're Down - MicroStrategy (NASDAQ:MSTR)

One of the biggest Bitcoin (CRYPTO: BTC) bulls is Michael Saylor, the CEO of MicroStrategy Incorporated (NASDAQ: MSTR).

www.benzinga.com