Bitcoin is imploding. But F1 loves crypto and crypto loves F1

you just hope they didn't get paid in make believe money. Otherwise, have a good laugh at them!

 

Decentralized finance tokens have utility. Just throwing it out there.

 

Sooner or later *.gov will put a stop to untraceable money.

 

On a related note: an 1989 McLaren MP4/5 (chassis 06) driven by Senna was sold (~$5.2M) in a crypto exchange.

https://forbes.mc/article/ayrton-sennas-historic-mclaren-f1-car-swaps-hands-through-himalaya-exchange

Might be a long shot but anyone here knows in which races this specific car was used? Macca's MP4s are somewhat secretive, it's hard do find their racing history.

 

Hope they all got paid in advance.

 

I can't wait until it's regulated. That would be a massively bullish signal.

 

Yup, this is just a repeat of 1999-2001

Not every .com was fools gold. It will take some time to sort out winner and losers. But blockchain is here to stay.

I remember folks that got burned derided Google.com and Amazon.com too.

 

Happy to see someone else here who gets it. Cheers!

 

There are some out there that have genuine merit, but 99.5% is just a total ********* scam.

NONE of it is helped with total and utter fools out there that claim everything is going "to the moon", to the point that "currencies" (I use the term loosely here) that were quite literally set up as a joke, still having a daily volume well over a billion, doesn't help their cause for doubters IMO.

 

I don’t disagree. However, it’s important to note this is all very much in its infancy, the cream always rises to the top, and dumb people are going to be dumb just like they were in the ‘90s when they were clicking popup ads, punching monkeys, and trying to win “banana bucks.”

I would argue that the sh!tcoins and rug pulls are purely the cryptocurrency equivalent of penny stocks and ponzi scams with Doge and Terra Luna being the respective obvious examples. Anytime there’s a buck to be made, you can guarantee there are going to be people looking to rip suckers off.

The majority of firms currently recommend that 5% of your portfolio consists of cryptocurrencies while some even recommend 10%. That said, it’s really important that you understand exactly what you are investing in. You’re a smart dude, and I’m sure you could discern where there is legitimate value with some research. You should start by reading about some blue chip DAOs, the DeFi sector, and the usage of real world assets. There are corporations who are doing business with them and the stories are largely flying under the radar:

https://thedefiant.io/tesla-makerdao-loan/

 

Agreed.

To be fair it doesn't require a member of Mensa to hesitate on investing in something called "pancake swap, Apecoin or Dogelon Mars", but apparently there are plenty of fools around, lol

 

Some of the names are pretty terrible and aim to capitalize on things happening in pop culture. “Dogelon Mars,” in particular, is the epitome of a worthless sh!tcoin.