it's not only about fomo (fear of missing out) on rising prices
future kasi ng money and finance
tradfi (traditional finance) is being disrupted... eventually things will move to blockchains
^
how about me na hindi nagcredit card, no atm. Why crypto?
Hows the privacy, insurance & hacking
Privacy is the main feature of crypto.
There is no insurance in crypto.
Join at your own risk.
If you accidentally transferred to unknown wallet address, consider it gone.
Hacking only happens if you are careless in handling your wallet.
This will happen if you are victimized thru phishing, enticed with free crypto payout with a condition to input your wallet ID and password/pass phrase on a suspicious site.
Hacking may also occur if may vulnerability sa wallet software na ginamit mo.
Preferred to use HW wallet instead on a tested crypto (top 5-10 in market cap).
you're a passbook only, physical-bank only, human-teller only kind of bank customer
you're so far away from crypto i don't know where to start
you don't do online banking, wala ka bank apps sa smartphone, di ka gumagamit ng smartphone
di ko alam gaano tatagal ang traditional physical branch human teller banking
a bank is basically a hard drive kaya pwede mag exist ang online-only banks
the pandemic accelerated the use of payment apps like gcash (syempre wala ka gcash)
nainggit ang BDO sa popularity ng gcash gumawa siya BDO pay
that's not even crypto that's only fintech
if you're afraid of anything online where your money would be involved then i don't know...
Grabe lately nalulong na ako sa nfts. E dati lait na lait ko pa mga nag nft sabi ko basura at walang kwenta, tapos nung sinubukan ko nakakaadik pala talaga. Eth and sol nfts million million na ginastos ko simula july. Gas fee ko pa lang sa eth paglipat lipat pera, paglist sa opensea at pagmint naka more than 1m php na gastos ko sa gas fee pa lang haha. Pero mas nadadalian talaga ko kumita sa nft kesa trading mismo sa mga coins ng crypto projects mas nakaka enjoy kase hanap hanap ka ng art na tingin mo papatok tapos flip mo for higher price. Eto hawak ko ngayon sa sol 2.5 sol lang minting price lang last week tapos 18 sol na floor price ngayon around(4140 usd) may utility kase to kameng nft minters yung seed investors sa ido ng crypto nila kaya umangat ng ganito https://solanart.io/collections/shadowysupercoder
i was at a dual birthday dinner the other night (a guy turned 50 and his niece turned 18)... went to sit at the kids table (teenagers and early 20s) and chatted up one of the kids "hey what are you into these days?"
he says "NFTs"
akala niya di ko alam yun... an oldie like me... a tito...
sabi ko "cryptopunks?" lumaki ang mata niya hahaha
you should see the look on his face hahaha
buong gabi nagkwentuhan kami
the kid is flipping NFTs
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it's amazing... these young people are used to things being priced in ETH
i mean for an oldie like me things are priced in USD, EUR, PHP etc
pero normal na sa mga bata ung ETH
wala na... papunta na talaga sa crypto ang mundo
in the near future commodities will be priced in crypto
ang debate dati anong currency ang papalit sa USD
euro? CNY?
no, it's not a fiat currency that will replace the dollar
it will be a decentralized currency/s that is beyond the reach and control of governments
Can someone explain what exactly are you guys talking about? I know that Bitcoin is a sort of money, online money that has an equivalent to real money like US dollars. Other than that, everything I have read is totally alien to me. I think my ignorance about these things made my wallet thinner.
I opened the link posted and all I saw are cartoon charactes that doesn't make sense to me. What article should I start reading first?
...napunta sa axie ang kwentuhan and the kid's dad was listening and asked us what axie is
pano ba explain?
naisip ko "digital pet"
"what?"
(me thinking how to explain digital pet to a fellow genXer?)
i said "tamagotchi" hahaha
"ok got it"
me "so these digital pets have value... like you breed them and sell them"
"like for how much?"
"it depends... from thousands pesos to millions of pesos"
"millions?"
yes millions
1 ETH = $4,540 now
those axie creatures are example of NFTs
each NFT is unique and non-interchangeable
the data is stored on a blockchain
like these cryptopunks
like these bored apes
people are buying those
Last edited by uls; November 13th, 2021 at 09:19 AM.
I thought I already understood it! Why would anyone buy that picture/icon? Anyways, thank you for the information.
Hehe di ko na lang sabihin exact amount, pero bale sa eth nearing x4 na volume ng eth ko ngayon simula nung july back when i started flipping nfts, sa sol ko naman mas malaki return at nakachamba ako dito ng marami raming blue chip collections and mga rare kaya halos x26 na vol ng sol ko just from flipping nfts.
Hahahaha akala nila mga bata lang nag nft, tapos pakita mo bigla opensea account/phantom wallet mo boss gulat sila million million value ng collection mo haha. Sayang yang cryptopunks potek sana nagmint tayo dati hahaha yung bayc naman na paper hands ng tropa ko may dalawa siya dating ganyan around 1.8 and 4 eth lang ata binenta bago sumikat. Baka nga magsubscribe ako sa bankless program 20 dollars per month lang dami alpha na makukuha e yung mga kasama ko sa discord group nakakuha nung ENS at DYDX airdrop dahil updated sila thanks to bankless program, grabe halos total of free 80k usd nakuha nila this year just from airdrops alone.
Yang axie hinayang din ako meron ako dati axs napabenta ako ng maaga 20 range pa lang sumibat na ko, ang laki pa naman sana ng gain on staking axs alone. nakapag early retirement yung kilala ko e cents pa lang value ng axs nandun na siya kasi and there was a point in time na almost 30k php per day kinikita niya sa staking lang haha tapos ang dami pa niya scholar ngayon daming naimbak na slp
kids are already doing it
the kid i was talking to is around 20
he's buying and selling NFTs... his dad doesn't understand what he's doing
he holds ETH, SOL, ADA etc
teenagers are doing it
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ratboy is in his 20s yata
hindi ko masabi na mas madali e relative din kase yung iba mas nadadalian pa rin sa trading ng mismong crypto tokens. ang naging opinion ko lang mas nageenjoy ako nft kase nakakatuwa maghanap ng mga art at basahin roadmap nila kesa pagaralan at analyze whitepaper ng mga protocols hahaha nakachamba lang din talaga ako sa ilang blue chip collections sa sol kaya ganun yung return. sa risk management naman usually kase yan minting 0.1 sol to 3 sol at 0.05 eth to 0.2 eth ang range ngayon ng mint prices so yan ang amount na madalas mo irisk at maluge sayo kung flop ang project. di mo masyado poproblemahin position sizing ganyan lang usually amount na iririsk mo. ang pinaka problem naman matrabaho magpawhitelist at magastos sa gas kung eth nfts ka magflip, tsaka illiquid din kadalasan mapapa undercut ka sa floor price kung gusto mo makabenta agad.
eto check niyo ngayon yung nothing nft, literal na walang laman kaya nothing. 0.01 sol mint kahapon tapos 2.5 sol na floor price ngayon hahaha kalokohan lang pang memes pero pumatok din Magic Eden - NFT Marketplace