HEX will break all other crypto ..... I did the research

[Big ole Boy]

Hex is fine but everything around it is forming to dilute it quickly. We have Victor maybe holding back our code as hostage for an amm bot .... victor is a guy who writes code and wants the gambling arm of Hex ... and we have administrative keys that dilutes our code ..... I expose as much as possible in a forum to force discussion and transparency in real time as much as possible.... most of HEX is immature participants who quickly cloister around weaknesses without open discussion ..... they will make my questions a feature in the code or I will bury my own future in hex. I will vet hex as dark energy to prove it or it will die.

 

[JTip]

Did some research into HEX.

You buy, you stake, you make more HEX. The problem I see (and others), is the gas fee. By the time you send ETH to a wallet that can buy HEX and buy it then stake it, it will take time to make back the gas fee, could be a year or more.

One instructional video I watched, the fella started with $300, and at the end of the day he had $250 after gas fees and would have made $50 after 365 day HEX stake.

I guess the secret here is 'long term'.

 

[Elliott]

"HEX is on the decline this week.
The price of HEX has fallen by 4.01% in the past 7 days. The price declined by 2.20% in the last 24 hours. The current price is $0.183322 per HEX. HEX is 67.26% below the all time high of $0.56.The current circulating supply is 173,411,074,413.065 HEX."

https://www.coinbase.com/price/hex

 

[SoCalGal]

Isn't all cryptocurrencies based on the Greater Fool Theory? After all, you can't buy anything with it until you convert it to dollars.

 

[Bobby Bucks]

Isn't all cryptocurrencies based on the Greater Fool Theory? After all, you can't buy anything with it until you convert it to dollars.

Somewhat true, but……I’m currently paying all my bills, gas, grocery, etc. except my mortgage with Coinbase Visa which converts USDC crypto to dollars for the merchant and pays me 4% on each transaction because they like me so much. Bank of America doesn’t like me.

 

[Bobby Bucks]

I got a metamsk wallet, it’s similar to Trust Wallet and pancake swap. The fees are high, however; they tend to be lower on weekends in the early AM. With pancake swap and Trust I used BNB to buy FJB (make love to Joe Biden coin), the fees there were high, but the slippage rate could be modified. I sold most of it and bought Harmony, AXS and CAKE (pancake). I’m going to add some more eth to metamask before I buy any HEX, then I think I’ll stake it for 3-5 years.


Crazy things happening with bitcoin lately. The Fed rate rumors are affecting it like tech stocks. The establishment hates it, but there are some powerful billionaires who love and the horse has left the barn. Predictions and opinions are all over the place. I’m still looking at it long term. When will the institutional investors wade in big? of course when the SEC gives some type of approval, that will be huge. The biggest whales that are watching bitcoin, but still lurking are the petro billions in the middle east who tend to be very conservative and they won’t bite until there is an SEC green light. Saudi oil giant Aramco is the one I’m watching. Of course, there is no guarantee it’s all a casino at some level. When I read that Elliott bought Grayscale Bitcoin Trust, I’ll start posting rocket gifs.

 

[Elliott]

"The IRS generally defines cryptocurrency as property for tax purposes, and investors must pay levies on the difference between the purchase and sales price. If there's a profit on assets held for less than one year, it's a short-term gain, subject to regular marginal tax rates from 10% to 37% for 2021.Nov 20, 2021

Is paying with crypto taxable?

Yes, your Bitcoin, Ethereum, and other cryptocurrencies are taxable. The IRS considers cryptocurrency holdings to be “property” for tax purposes, which means your virtual currency is taxed in the same way as any other assets you own, like stocks or gold.Jan 17, 2022"

At least, when I pay my bills out of my BofA checking account I don't have to pay short or long term state/federal taxes, or fill out another tax form.

 

[SoCalGal]

Somewhat true, but……I’m currently paying all my bills, gas, grocery, etc. except my mortgage with Coinbase Visa which converts USDC crypto to dollars for the merchant and pays me 4% on each transaction because they like me so much. Bank of America doesn’t like me.

Thank you. If you were to recommend one book about cryptocurrencies that doesn't sound like a bunch of word salad, what might that book be?

 

[Bobby Bucks]

Thank you. If you were to recommend one book about cryptocurrencies that doesn't sound like a bunch of word salad, what might that book be?

I’m not sure if books are the best learning method since the technology and markets practically change daily. Maybe someone else in here knows of some books. There are some helpful youtube videos, but there are also a lot of hucksters and scam artists. Even the most informative ones are usually indirectly selling something they’re invested in. The two that I consider the top gurus are Cathie Wood and Raoul Pal, of course, both are pro crypto and pro bitcoin. The most knowledgeable ones in here are Big Ole Boy and James Mpls​

IMO, the best advice with crypto is something I’ve read quite often, don’t invest more than you can afford to lose. From what I've seen even some the billionaires into crypt only have 2-5% in it. For Bitcoin and Ethereum the easiest way is to simply buy the Grayscale Bitcoin Trust and Ethereum Trust stock, and a few other crypto related products. You don’t actually have the keys and codes to the crypto, but it’s much easier to buy.

 

[SoCalGal]

Valuable information, Bobby Bucks. Thank you.