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  1. #151
    I've changed strategy. I'm all in on $DENT. Currently $0.00135, I have nearly 150k of them and will add more in the coming months. A market cap of £100b (half of Ethereum now) would value the coin at $1. I don't think that's unrealistic for ten years maybe, if they continue to develop.

    What makes them special? They are the first movers (I think) in a global mobile phone service that will eliminate roaming, and allow you to trade unused minutes from your contract. They already have 25 million people signed up to access their services. The coin will be used to send or receive payment for transactions on their exchange. The coin is already used for this, it's up and running.

    0.135 cents

    This is the shit I want in on.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  2. #152
    This thread will be really entertaining to read in the future. Perhaps painful, but entertaining.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  3. #153
    You've changed your mind 480 times in the last week.
    I just think we should suspend judgment on Boris until we have all the facts through an inquiry, police investigation, and parliamentary commission...then we should explode him.
    also,
    I'd like to be called Lord Poopy His Most Gloriously Excellent.
  4. #154
    a) I'll change it again lots of times, too

    b) I'm HODL

    Not sure which is the correct answer yet.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  5. #155
    spoonitnow's Avatar
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    Quote Originally Posted by OngBonga View Post
    I've changed strategy. I'm all in on $DENT. Currently $0.00135, I have nearly 150k of them and will add more in the coming months. A market cap of £100b (half of Ethereum now) would value the coin at $1. I don't think that's unrealistic for ten years maybe, if they continue to develop.

    What makes them special? They are the first movers (I think) in a global mobile phone service that will eliminate roaming, and allow you to trade unused minutes from your contract. They already have 25 million people signed up to access their services. The coin will be used to send or receive payment for transactions on their exchange. The coin is already used for this, it's up and running.

    0.135 cents

    This is the shit I want in on.
    This is by far one of the least dumbass things I've seen said on these forums in the past decade.
  6. #156
    Fuck me an actual compliment. Thanks.

    I'm down $15 since I made that post though.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  7. #157
    Also hi spoon.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  8. #158
    I mean I'm literally just getting into crypto now, this month. I've ignored it for a long time. Five years ago you think you've missed the boat, then five years later you realise that the vast majority of people still think crypto is a joke, which means there's still plenty of boats waiting.

    idk if $DENT has a future, but their model seems pretty good to me. I will definitely be keeping en eye on their progress, not just in terms of crypto value. Worst case scenario right now is I lose $200, most of which I won playing poker. If I hadn't spent this money on crypto, I'd simply have more weed. So it's definitely worth the risk.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  9. #159


    level 1[COLOR=var(--newCommunityTheme-bodyText)]BOS5Man

    1 year ago

    There are a LOT of scam coins in crypto, some already shuttered after being found out it was a scam, some currently still operational (like Dent token) and some we aren't aware of yet.
    Dent the company itself is doing a good job, they are doing what they wanted, Dent the token is being used by the Dent team as a personal piggie bank. They sell BILLIONS of tokens a week to Binance for BTC. Then when BTC will go up they'll profit BIG time.
    Dent the token is definately a scam. The plan by the team for the token has always been to use the token as their way to make money on it by trying to convince people that the token will be of value in the long term while knowing as soon as the price goes up a bit the team would sell HARD. This has been the strategy of the Dent team.
    The Dent token is a scam, it's a dead "investment" there are no more new "investors" for Dent token because the reputation of that token and the team is so bad, very difficult to come back from. I don't trust the team, they're nothign but a bunch of fraudsters. Luckily, I actually made a profit on this coin during the May 2019 to June 2019 rally but I did so going into it knowing the team would eventually dump so I had to withdraw profits quick.


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    level 1[COLOR=var(--newCommunityTheme-bodyText)]hivo2030

    1 year ago

    Where did all the people who continued to purchase dents a year ago went? Maybe he committed suicide. An endless basement could not have been imagined.wwwwwwww Or part-time job employed by the dent team.


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    level 1[COLOR=var(--newCommunityTheme-bodyText)]10dollaris10dollar

    1 year ago

    thanks for this very reliable source to proof the dent is a scam


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    level 2[COLOR=var(--newCommunityTheme-bodyText)]BOS5Man

    1 year ago

    The proof is on etherscan. They sell BILLIONS of tokens a week. On their official Dent Community telegram they try to convince people that all these great new features are coming out and that the value of the token will rise. Try to give people hope to buy. But they do this knowing when enough gullible people buy they will SELL billions of tokens and make a nice profit for themselves. That's been the Dent strategy all along. They have 25 Billion more tokens to sell. They slowed down the selling when circulating supply hit 70 billion so they can stretch out the selling into a longer time frame that would benefit their plans most. By end of next year Dent will most likely reach 100 billion in circulating supply and the price will be 0.00001 (LOL). This year they added almost 50 Billion tokens into circulation, killing the value of the price by team dumping Dent tokens.
    Dent token is unofficially dead but dead.







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  10. #160
    I just found that reddit thread doing my own research on this. I can't seem to find any recent criticism though. And I'm sure if I tried hard enough I could find someone claiming every coin as a scam.

    I don't really understand why them selling tokens is a problem. The development of the service seems to be what matters the most. If some of them are cashing in on their assets, that's their business.

    Are there any credible allegations of illegal activity?
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  11. #161
    I found some claims that people who buy coins from the app are buying from the uncirculated supply, not investors, which at the time was the majority of the tokens, but now the circulating supply is 90%, so I don't see this being a problem going forwards. Each token is equal.

    The question for me is, does this company have a future as a big player in the global digital mobile phone market? If so, their token will surely increase in value as demand increases.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  12. #162
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    What I find confusing is that the "market cap" of crypto seems to be a major draw, and it's a common criticism crypto guys have of fiat currencies is that world banks control the amount in circulation, but I don't understand how a currency is supposed to be adopted that has a market cap. Deflation is super bad for a currency because why trade something that increases in value?

    When you have a market cap and your currency gets slowly adopted, it will naturally deflate, which in turn makes it unattractive as a currency.
    The strengh of a hero is defined by the weakness of his villains.
  13. #163
    this looks very like a pump and dump to me , when there are billions of coins in circulation and the people holding billions that they retained when the coin was created and are dumping huge quantities into the investment pipeline it doesnt say a lot for their belief in the long term value of the coins otherwise they would be holding them for when they become more valuable and it also depresses the price and short/mid term price potential as the supply of increased probably more than the demand.
  14. #164
    Quote Originally Posted by oskar View Post
    What I find confusing is that the "market cap" of crypto seems to be a major draw, and it's a common criticism crypto guys have of fiat currencies is that world banks control the amount in circulation, but I don't understand how a currency is supposed to be adopted that has a market cap. Deflation is super bad for a currency because why trade something that increases in value?

    When you have a market cap and your currency gets slowly adopted, it will naturally deflate, which in turn makes it unattractive as a currency.
    Gold has a market cap, as does the dollar. It isn't a limit. The word "cap" is short for capitalisation. That is, it's the total value of the market, not the limit. Market cap grows as the price of each coin increases due to demand outweighing supply. Market cap for dollars goes up when they print more money.

    idk about deflation, but if BTC is ever the world's leading currency, then it kinda becomes meaningless to say it's increasing or decreasing in value, instead you compare other currencies to it, like we currently compare everything to the dollar (or perhaps your own nation's currency). A dollar is worth a dollar. One day we'll simply say 1 BTC is worth 1 BTC.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  15. #165
    Quote Originally Posted by Keith View Post
    this looks very like a pump and dump to me , when there are billions of coins in circulation and the people holding billions that they retained when the coin was created and are dumping huge quantities into the investment pipeline it doesnt say a lot for their belief in the long term value of the coins otherwise they would be holding them for when they become more valuable and it also depresses the price and short/mid term price potential as the supply of increased probably more than the demand.
    I'm going to keep an eye on their progress. The coin is performing well at the moment, and has a lot of support. So I'm in no hurry to dump my bag yet. If the company appears to be growing, I'll see it as a good sign that my investment is secure.

    I'm ok putting $200 at risk for potential gains of $100k+. If I see a better investment I'll go for it, but frankly I want potential for 1000x growth, and I'm only likely to find such coins with low market cap, which means more risk.

    $100m to $100b potential, that's what I'm looking for. This coin fits the bill, and has actual real world use. People selling their coins isn't that much of a concern for me, maybe they thought BTC would perform better than their coin and their money was better off invested elsewhere. Maybe they've reinvested after making a profit. idk, but if the company is growing, so too will the crypto.

    I appreciate you flagging it though, I will keep an eye on them.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  16. #166
    You have a huge problem though ong , the major telecoms companies own the infrastructure that customers use to access the mobile network , definitely for the uk and probably the rest of the world which means that dent would have to spend billions building a worldqwide network or be buying access off the current major telecoms companies and theres no way that people are going to pay a likely higher price in a coin that no one has any idea about how to get hold of them etc when they just use their existing providers taking a monthly direct debit or a PAYG topup at the local shop.

    ETH and Cardano surging 1910 and 0.91
  17. #167
    I could've made $10+ if I was still on $ADA

    Yes, the infrastructure is owned by certain companies. Not Tesco though, who I currently use for my mobile services. You don't need to own the network to profit from it.

    Dent is already available in 80 countries. Of course it's still early days, you'll struggle to find someone actually using Dent for their phone services, but they exist. Dent even claim you can keep your current number.

    I'm not going to pretend to know how this will all work, but it shouldn't be more expensive if you're buying data from people instead of the network themselves.

    The value of the coin is irrelevant. If one coin is worth $0.01, then data will be sold based on that price, like 100 $dent per MB or whatever. If it's $1 a coin, data will be based on that price, ie 1 $dent per MB. The prices are based purely on supply and demand. If it's too expensive, supply will be greater than demand and it will get cheaper. That's how markets work.

    This is without a doubt the future of mobile phones. Whether Dent is part of the future is another matter, but this model will outcompete the current one because it will eat into their profits. Do you really think you'll still be paying a monthly fee for your contract with Vodafone or whoever in ten years? If you are, the Millennials will call you a stupid boomer and laugh at your economic illiteracy.

    The model is appealing, very much so. The company itself and the coin, I can't say at this moment. But I'm not crying about missing out on ADA surging 10%. I'll cry if ADA gets to $100 before DENT gets to $0.10.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  18. #168
    I'm just looking into this more. You currently use DENT coin to purchase data from major operators around the world. The Vodaphones of the world are on board. idk about Vodaphone themselves, but they name companies not operating in the UK, such as AT&T, Verizon, Movistar and Telcel.

    The major players are part of this project, probably because they know they need to adapt in order to survive the changes to the market that will take place in the coming decade.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  19. #169
    Is Cocco a millionaire yet?
    I just think we should suspend judgment on Boris until we have all the facts through an inquiry, police investigation, and parliamentary commission...then we should explode him.
    also,
    I'd like to be called Lord Poopy His Most Gloriously Excellent.
  20. #170
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    No immediate threat of that happening.
    Our brains have just one scale, and we resize our experiences to fit.

  21. #171
    Quote Originally Posted by OngBonga View Post
    I'm just looking into this more. You currently use DENT coin to purchase data from major operators around the world. The Vodaphones of the world are on board. idk about Vodaphone themselves, but they name companies not operating in the UK, such as AT&T, Verizon, Movistar and Telcel.

    The major players are part of this project, probably because they know they need to adapt in order to survive the changes to the market that will take place in the coming decade.
    You still hit the problem that most people will still stay with the names that they know and trust for mobile communications than risk playing about with an unknown provider and paying with a single purpose payment method. Dent are effectively just a reseller of the main telecommunications players products and they will be heavily restricted by them on what they can charge and the margins they operate under.
    You have to convince the millions of poops that their money is safe and they will still be able to ring who they want.

    not an easy task.
  22. #172
    No it's not an easy task, but GiffGaff did exactly this. And they are just another service provider, they aren't offering something unique.

    I think you're missing the point. Dent don't charge for data. They provide a marketplace for people to buy and sell from each other without a middle man. Dent don't decide how much data sells for, the buyer and seller are the only ones who decide this. So O2 and Vodafone don't get to set the prices.

    And it's not about the poops of the world. Poop is probably older than I am. This is about the younger generation who understand technology better than we do. The kids are the people most likely to see the benefits of this kind of economy. They're the ones who will say "O2 is for boomers". They're the ones who will drive the evolution of communications, while dinosaurs like me and poop stick with what we know and trust, even if it costs us more.

    I mean, this kind of service isn't for me. I am on PAYG and top my phone up rarely. I don't use it. But if I were someone who travelled a lot, and used my phone while travelling, or someone who regularly paid for minutes I didn't use, I would definitely be interested in this kind of service, and if Dent are the only ones offering such a service, they will likely get my custom.

    I'll be worried if another company with the same model is outperforming Dent.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  23. #173
    you're still relying on the original providers catering for unused minutes to be traded by their users for no benefit to them. it will be relatively easy for them to bring out a better tiering of data/minutes to cater for users needs which will wipe out the use case for Dent.

    Something you may find more useful would be to follow https://www.youtube.com/channel/UCje...AzA-95RKoy9n_g this guy . some of the "undiscovered" gems may get you critical mass where you can invest for the longer term. some of the market analysis and his 1k to 10k may also interest you .
  24. #174
    Quote Originally Posted by keith
    you're still relying on the original providers catering for unused minutes to be traded by their users for no benefit to them.
    I think they'll be taking a cut of each transaction, like 0.5% or something. There must be profit in it for them somewhere.

    I'm keeping an eye on it. It's a better investment than $DOGE, I can tell you that much with confidence. I think it's riskier than $ADA, $DOT, $LINK, and $ETC, but it has a lot more room for growth. If I see any reason to pull out, I will, especially if I'm in the green. For the time being, I'll watch their development, while looking for other opportunities that appeal.

    Thanks for the rec, I'll sub to him and give him a go.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  25. #175
    wouldnt just blindly buy what he says .. check how his past picks are performing etc . he claims to be the largest crypto youtuber ....but to a certain extent he can be his own wall street bets type thing because of the channel size and timing when to get out may be as important as when to get in .
  26. #176
    Ong I suggest that for every crypto you're interested in you roll a die. It comes up 1-3 you sell, 4-6 you buy. That's GTO investment baby! You can't lose (theoretically)!
    Last edited by Poopadoop; 02-19-2021 at 04:05 PM.
    I just think we should suspend judgment on Boris until we have all the facts through an inquiry, police investigation, and parliamentary commission...then we should explode him.
    also,
    I'd like to be called Lord Poopy His Most Gloriously Excellent.
  27. #177
    CoccoBill's Avatar
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    Are you suggesting he won't have a coin to flip? Harsh.
  28. #178
    Quote Originally Posted by Poopadoop View Post
    Ong I suggest that for every crypto you're interested in you roll a die. It comes up 1-3 you sell, 4-6 you buy. That's GTO investment baby! You can't lose (theoretically)!
    If the next car that goes past is a blue car, I'll sell.

    Damn, it's too dark to see what colour that car was. Let's say it was black. HODL.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  29. #179
    Quote Originally Posted by Poopadoop View Post
    Ong I suggest that for every crypto you're interested in you roll a die. It comes up 1-3 you sell, 4-6 you buy. That's GTO investment baby! You can't lose (theoretically)!
    Not sure why you even bother coming in this thread. You're like a virgin stuck in the corner of a disco trying to crack jokes to appear the hard man but without the balls to actually ask anyone to dance and wondering why everyone else is enjoying themselves.
  30. #180
    burn

    $DENT had a breakout today, it hit a major sell wall at $0.0015, we're now back in the $0.0013 range.

    Of all the coins I've flirted with, $FTT is performing incredibly right now, 20%+ on BTC and still rising, with BTC itself is outperforming the dollar by 7%. But most others, including $ADA, not really doing much. I'm happy on $DENT right now. Once we break that wall we're getting somewhere.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  31. #181
    $BNB is making me sick.
    6x in two weeks.
    Fuck you.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  32. #182
    ada almost the 1$
    Dot booming
  33. #183
    $ADA has improved around 5% since I posted. But so has $DENT.

    $DOT I did have one, but now I don't. That's where I'll go if I ditch the $DENT. Or $FTT. Or both.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  34. #184
    Lots of people seem to think $LUNA is due a breakout, but people on Twitter say that about whatever coin they're holding.
    $LINK is another I'm keeping an eye on.

    I'm sleeping on $DENT though, hopefully I wake up to +20%
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  35. #185
    Capture0.jpg

    Conversation with the boss last night . when i bought dot and cardano , raven was .022 been watching ravencoin since .......hit .16 this morning so almost doubled overnight
    Last edited by Keith; 02-20-2021 at 04:19 AM.
  36. #186
    Quote Originally Posted by Keith View Post
    Not sure why you even bother coming in this thread. You're like a virgin stuck in the corner of a disco trying to crack jokes to appear the hard man but without the balls to actually ask anyone to dance and wondering why everyone else is enjoying themselves.
    If you have it all sussed out and I know nothing then why do you care if I crack jokes?

    Just go on laughing all the way to the bank there Keef buddy.
    I just think we should suspend judgment on Boris until we have all the facts through an inquiry, police investigation, and parliamentary commission...then we should explode him.
    also,
    I'd like to be called Lord Poopy His Most Gloriously Excellent.
  37. #187
    $DOT now $40+, $ADA has passed $1... $DENT booming as well so no tears here.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  38. #188
    $DENT just broke that $0.0015 sell wall

    Fuck yes
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  39. #189
    CoccoBill's Avatar
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    I may be wrong, though I don't think I am. Those "sell walls", "resistance lines", "support lines" and all the rest related to those analytical looking charts on youtube videos are absolute bs.
    Last edited by CoccoBill; 02-20-2021 at 08:37 AM.
    Our brains have just one scale, and we resize our experiences to fit.

  40. #190
    To a degree, maybe you're right. But if someone puts an order at x price to sell 14 million dent, it's going to take a lot of purchasing to break that wall.

    I do see a lot of movement in these "walls" though. Not in this case, but in other cases, certainly. I think some whales like to give the impression there's resistance, for whatever reason, or they like to make it appear there is more action than there actually is. I see it a lot of betfair, too, where the market is really stagnant but there appears to be lots of action as prices change. It's whales using psychology to induce fish to panic sell or buy.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  41. #191
    $DENT is giving me a boner today, I'm up around $50
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  42. #192
    huge BTC sell off today dragged prices down across the board and then huge altcoin buying spree.
    Ong is gonna cry .......ADA went to ).15 on kraken, ETH went to 700 and then recovered . Rumours that buy orders were suspended though on kraken. similar to what happened the weekend before
  43. #193
    major market manipulation accusations with people buying on margin getting their positions liquidated with the price movements as price went through their stop losses
    Last edited by Keith; 02-22-2021 at 01:43 PM.
  44. #194
    Why would I cry? $dent is outperforming $ada over 48 hours. Current prices $ada = $1.02 (+10%) with $dent = $0.002 (+50%). Over 24 hours $ada is doing a little better, it's riding this storm, but I'm happy where I am.

    These swings are not a problem if you're HODLing. I'm not interested in selling the highs and buying the dips, too stressful for minimal gain and a fairly large risk. I'm interested in long term growth. I don't panic when I see the markets crashing, it's to be expected. They will recover.

    There's rumour (very much unconfirmed) that Starlink are going to partner with Dent Wireless, if that happens then that will be very good news for me.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  45. #195
    spoonitnow's Avatar
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    lol shitcoin
  46. #196
    lol ISAs
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  47. #197
    spoonitnow's Avatar
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    Quote Originally Posted by OngBonga View Post
    lol ISAs
    I have no idea what that is.
  48. #198
    lol savings accounts
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  49. #199
    crytos are like PLO. No-one really knows how to play and the variance is so huge you wouldn't know if you did know how to play or were just a luckbox.
    I just think we should suspend judgment on Boris until we have all the facts through an inquiry, police investigation, and parliamentary commission...then we should explode him.
    also,
    I'd like to be called Lord Poopy His Most Gloriously Excellent.
  50. #200
    You understand as much about crypto as I did about three weeks ago. Which, in fairness, isn't much less than I understand now. But your naivety is clear here.

    Crypto represents the greatest transfer of wealth from elite to the average person as you could possibly hope to see in your life. Fiat's days are numbered. The sooner you get your savings into bitcoin, the more wealthy you'll be in the 2030s.

    I was careful to say bitcoin there. Any other coin is much riskier at this stage. But market leaders will emerge. $ada and $dot are probably the best options after $btc.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  51. #201
    Quote Originally Posted by OngBonga View Post
    You understand as much about crypto as I did about three weeks ago. Which, in fairness, isn't much less than I understand now. But your naivety is clear here.
    I love how you've become a confident expert on cryptos in three weeks, while at the same time admitting you know very little at all about it.



    Quote Originally Posted by OngBonga View Post
    Crypto represents the greatest transfer of wealth from elite to the average person as you could possibly hope to see in your life. Fiat's days are numbered. The sooner you get your savings into bitcoin, the more wealthy you'll be in the 2030s.
    Dude, copy-pasting something you read on the internet isn't how expertise works. It takes a long fucking time to get your head around a complicated subject. That's why they have PhDs in economics.



    Quote Originally Posted by OngBonga View Post
    I was careful to say bitcoin there. Any other coin is much riskier at this stage. But market leaders will emerge. $ada and $dot are probably the best options after $btc.
    Given how all over the place you're prognosticating has been here lately, I'd say the over/under on how long you'll maintain this opinion will be a matter of days, if not hours.
    I just think we should suspend judgment on Boris until we have all the facts through an inquiry, police investigation, and parliamentary commission...then we should explode him.
    also,
    I'd like to be called Lord Poopy His Most Gloriously Excellent.
  52. #202
    Quote Originally Posted by poop
    I love how you've become a confident expert on cryptos in three weeks, while at the same time admitting you know very little at all about it.
    I love how you can't have a conversation with me without resorting to this kind of response. You truly are relentless. It's like the slightest disagreement and you have to come out swinging.

    Dude, copy-pasting something...
    Not a single copy/paste in this thread.They were literally my own thoughts.

    It takes a long fucking time to get your head around a complicated subject.
    Agreed.

    That's why they have PhDs in economics.
    Ludicrous. You don't need a degree in economics to understand crypto. In fact, even having such a degree probably won't help much. Do you think they go deep into crypto? idk, but I suspect they barely touch the surface.

    Given how all over the place you're prognosticating has been here lately, I'd say the over/under on how long you'll maintain this opinion will be a matter of days, if not hours.
    I mean I don't even know why you bother with this. My comments have been factual as best to my knowledge.

    bitcoin is here to stay. If you disagree, fair enough, but understand it's you that isn't getting it. The other two coins I mention are not coins I am currently invested in, so it's not like I'm posting my hopes. I avoided mentioning Ethereum because I'm unconvinced that has a long term future, it's expensive and might not last the test of time. $ada and $dot might not either, but I'd rather invest in those two than Ethereum. These three coins, along with Binance Coin, are the market leaders after bitcoin. These represent the lowest risk after bitcoin. This isn't my opinion. This is me looking at the market cap of these coins and realising they are already huge compared to the rest.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  53. #203
    Jack Sawyer's Avatar
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    Feb 24, 2021

    I have a question for you autists...Why are the GME put options increasing in price when the stock goes up in share price but the put options price decreases when the price of the share goes down? Asking for a friend
    Because no one was really expecting the price to drop too much at $50 levels so the puts were losing time value (theta) faster than they could build any extrinsic value through delta (the change in option value based on change in stock price). That’s why the puts were losing value even though the stock was going down.

    The puts went up in value when the stock started going up because round 2 squeeze catalyst (degenerates) happened. Since the stock is now expected to move a lot and be volatile, it increases the implied volatility factor of options, which increases the option premium. Since the chances the stock moves a lot and makes your options print tendies is higher, the options MMs have to command a higher premium to try and keep you out of the kitchen.
    So basically you need to buy your calls when the ocean is calm. If the seas are rough then your odds of making tendies decrease drastically.. Or just sell options instead of buying them if you’re betting IV is going to go down
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  54. #204
    @Ong ADA 1.41
  55. #205
    Yeah I saw, and no I'm not on it. It's pretty much up 50% during this mini bear market.

    This is part and parcel of crypto markets. Last week dent was flying while everything else was static.

    I'm thinking about FTT for the short term, FTT is the token to the FTX exchange, so basically FTX's version of binance coin, except it hasn't 10x yet.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  56. #206
    I stuck with $DENT and I'm glad I did. Currently my $300 investment is worth around $650, having peaked at $745.

    $ADA currently $1.08, a bit poor after peaking at $1.41 nearly two weeks ago.

    $FTT doing very well too, $40 from I think $25 since my previous post.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  57. #207
    I'm in BTC, ETH, XLM, TRAC and SIA

    Been a good year so far
    Congratulations, you've won your dick's weight in sweets! Decode the message in the above post to find out how to claim your tic-tac
  58. #208
    I've nearly doubled in a week. Current value $1150, $DENT is going nuts.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  59. #209
    Still going nuts. $1725
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  60. #210
    $2041

    What the actual fuck is happening?
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  61. #211
    $2221

    I'm making more money hitting refresh than I could hope to make working. Admittedly it's a matter of time before this surge stops, and consolidates or even dips, but fuck me this last few days have been pretty epic. We're steamrolled past a cent, I bought in at 0.135 cents.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  62. #212
    ha, crazy, good on you Ong

    You gonna skim some tendies, or let it ride?
  63. #213
    I'll let it ride, I'm in this for the long haul. Ideally I want a house, that would be some return for $300. There's no reason to believe this is anywhere near the peak value for this coin, it's only merely broken into the top 100 when it comes to market cap. If it can make the top ten I could be looking at $1 a coin, which is enough for me to buy a house.

    The real test comes if and when my money is in five figures. That's when I start thinking about what I can do other than buy weed.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  64. #214
    The thing that's stopping me right now is thinking "what if it does get to $1?", which basically means if I skim £200 for an ounce of weed, that costs me approaching $20k in the future. I like weed but $20k for a month's smoke is a bit steep.

    This isn't like a poker bankroll, which I was always skimming for weed.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  65. #215
    Yeah, makes sense. People look at the WSB's moonshots as irresponsible, but what they often don't get is that a lot of people in the economy feel like they'll either moonshot it or they'll be in the same place, so why not moonshot? And really, they're not entirely wrong.

    Ofc getting into the habit of steady investment is a good habit to have, but it only pays off if you can get to a level of income where that steady investment will be anything of significance in your lifetime.

    Also, I'm kinda reading into what you've said and making assumptions, but it seems you're thinking about the long run in a way that maybe you hadn't before.
  66. #216
    Quote Originally Posted by boost View Post
    Also, I'm kinda reading into what you've said and making assumptions, but it seems you're thinking about the long run in a way that maybe you hadn't before.
    Very much so. I'd gotten to the point where I figured I had zero chance of ever owning my own house, that I will always be renting, and my retirement would be a state pension. That didn't horrify me, plenty of people are perfectly happy with such an existence. However, it's nice to be able to dream, and it's not as silly a dream as winning the lottery.

    There's no point in cashing out if it's not going to change my life for the better. £10k is a nice amount of money but it won't last for long. £100k would last a long time but I won't be buying property. I kinda need minimum £150k for that, so that's my aim. But it will be very difficult to sit tight if I have £20k, £30k, with every milestone I'll be thinking "that's a lot of money" and it gets harder and harder to hold.

    But owning property is what I really want. With my own property, I can get a dog, I can grow tomatoes (wink wink), these seemingly simple freedoms will radically improve my life. You have no idea how sad it makes me that I can't have my own dog. I have always wanted one, and while I'm selfish when it comes to other people, I'm definitely not when it comes to dogs. I will only have a dog if I can provide a stable home for it. That has never been the case so far in my life. As a renter, you're always wondering when you'll have to move on again. You're at the complete mercy of the landlord. My previous place before where I'm currently living, I had six months before the landlord decided he wanted to sell. Six fucking months. What an arsehole. That left me in debt and nearly homeless, at a time when I was suffering from depression. Currently I rent a room of my best friend and his wife. It's fine but I constantly feel like I'm in their space, it's not my space. This arrangement can't last forever. So you can see why my prime target is my own property. I really don't know if it's realistic or not, time will tell, but it's a great deal more likely than winning the lottery or landing a dream job.

    All I can say is I'm definitely delighted with my progress so far. Six weeks and my $300 is now $2000+. If in another six weeks I'm into five figures, then I might start to think these dreams can happen.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  67. #217
    Damn, you sound like you'd be in the top 1% of dog owners off the bat.

    I can't lie and say I don't worry about this specific plan working out-- but even if your crypto does nose dive, just remember that taste of "what if" and let that fuel you to do your best to make it happen. Even if the odds are stacked against us, I think the best hope for enjoying life and getting to look back on it at the end and be satisfied is to try to better ourselves and the shitshow that surrounds us.
  68. #218
    I love crypto because it's anonymous and you can do whatever you want with your money. I am 100% sure that crypto is our future, one day it's going to replace all other forms of money. It's surprising how fast it grows, nowadays it can already be used for anything you want, even for bitcoin gambling, wow! I am a big fan of poker, and I am playing it online using crypto instead of regular money, that's awesome! Crypto guaranties safe and fair playing, that's why it is much better
    Last edited by freshydaa; 04-02-2021 at 02:50 AM.
  69. #219
    Bet this guy's next post has a backlink in it and gets him banned.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  70. #220
    wow, dent went up 1000% in a month

    wish I'd bought some lol
    Congratulations, you've won your dick's weight in sweets! Decode the message in the above post to find out how to claim your tic-tac
  71. #221
    729% in March to be nearly precise

    729.29% to be as precise as I can be.

    Fucking loads to be casual.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  72. #222
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  73. #223
    spoonitnow's Avatar
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    Quote Originally Posted by OngBonga View Post
    Bet this guy's next post has a backlink in it and gets him banned.
    You're learning.
  74. #224
    Quote Originally Posted by spoonitnow View Post
    You're learning.

    I'm slightly less stupid today than I was a month ago. That's success in my book.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  75. #225
    Hit $4k today
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong

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