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Matt Damon is an official tool

Graybeard

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>>>‘Matt Damon’s sold his soul for crypto’: Actor is roasted on social media for commercial in which he tells people to invest in Bitcoin because ’fortune favors the brave’
  • Matt Damon spearheaded a commercial for cryptocurrency that aired during Sunday's NFL games and has made Twitter users cringe
  • The ad likened purchasing Bitcoin to landing on the moon as Damon strolled down a sci-fi-esque hallway talking about how 'history is filled with almosts'
  • Vignettes nodded to explorers sailing and climbing Mount Everest, as well as nods to the Wright Brothers, before flashing 'Crypto.com' at the last second
  • Crypto.com, which sells cryptocurrency and NFTs, donates $1m to Water.org, a nonprofit co-founded by Damon that brings safe, clean water to people in need
  • Many users tweeted that they felt as if the actor, 51, was calling them a p***y for not spending their life savings on crypto such as a '$378,000 cartoon ape'
  • One tweet called the ad an insult to Damon's 'own cinematic legacy from The Martian,' where he played an astronaut stranded on Mars <<<


Very disappointing but there is a long history of this type of celeb behavior.
 
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T J Tutor

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Very disappointing

In soooooo many ways!

I am just starting out to seriously investigate the BC industry. It is amazing the level of investments being made in something so volatile.

I'm not ready to pull then trigger even for a hobby account yet. I just earned huge selling off a couple of rental properties and I think I'll just put the money back into some other form of real estate at this point.
 

♕ Lord Krafty ♕

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TJ, I traded professionally a few years, one major lesson:
The hype is the movement
eg: elon will premier on SNL & dogecoin will skyrocket
the price increase happens when the news he will be on SNL happens, not when he's on SNL.
whale's buy at the early news events & sell after getting their profit goal.
 
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T J Tutor

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whale's buy at the early news events & sell after getting their profit goal.

You do not understand "whales" at all. The majority of whales are not early adopter investors. That is a very small segment. The majority of whales lean into bulk opportunities typically not associated with currencies. In the stock market they are seen as manipulators, and now the crypto space to some degree. In the casino industry they are seen as wealthy big betters. In international markets, they are seen as devils because they are notorious for profiting on both sides of conflict, pandemics, and disasters or seen as saviors for bringing resolve to the same.

As for Elon, he is an influencer in that industry at best. As well as others like Mark Cuban who did the Dogecoin thing earlier this year on the today show and on MSN as he demonstrated he was teaching his son how to manage investment by using that platform. Quoted on Business Insider, Cuban said "dogecoin is "fun" and educational. Musk's remarks have been similar. Hardly earth shattering and most certainly not the kind of endorsements that move a whale into an investment posture.

You have a lot to learn about such things!
 

♕ Lord Krafty ♕

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haha ok dude I have my own whales millionaire only trade group :rofl

Whales make smart trades & its common practice among professionals to sell 50% at a profit goal, not putting risk on seeing if the price will go to the moon, this's what the other 50% > 25% does. = every experienced trader would agree with me this's a most important thing to consider.
 
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Graybeard

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I am just starting out to seriously investigate the BC industry. It is amazing the level of investments being made in something so volatile.
Use the right word >>speculating<<
If you like blockchain speculate in stocks in quantum computer development. That may very well be the next bubble you could cash out from.
 
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T J Tutor

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Use the right word >>speculating<<

When I'm ready to pull the trigger, I promise to use this word!

This reminds me of reading about the 1933 move to go off the gold standard. Before I got into gold, for what seems a lifetime ago, I read everything I could. Amazingly, it wasn't until '71 that the U.S. stopped buying precious metals through options and some mandates. There are some similarities between the digital assets and the precious metals start-up years, but I am still having some trepidation with digital. Once a year I visit, by contract, the vault I use in Cal. Statutes the insurance companies require all of us using these private vaults to do a visual validation annually. I expect that declarations will have to be made annually for us here in the U.S. in the coming years for the digital stuff, the currencies at the least.

I have to say, there is nothing like holding precious metals. I opted out and liquidated the rhodium and silver about ten years ago though.
 

Graybeard

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Thing is if you cannot get to your vault and the financial system fails --you will have wished you had buried the gold in your back yard :D

Same could be said for stock and bonds or cash in the bank for that matter.
IMO this 'digital gold' bit is a farce but so is most of the financial machine.

What I have to wonder is what, if it ever materializes in my day, what the speed and power of Quantum computing will do to the blockchain and AI.
 
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T J Tutor

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you will have wished you had buried the gold in your back yard

I can't count the number of times I have thought this!

Same could be said for stock and bonds or cash in the bank for that matter.

For precious metal investments by broker as well. Here's the thing, most people that by precious metals are not really buying them, they are buying the promise it exists, and that is the part that led to my buying vaulted gold as opposed to gold securities. It is estimated that the gold securities industry has oversold by more than 30%.
 
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