Economy Bitcoin/Crypto is imploding

Prefect said:
I am not sure what you have to gain fundamentally by pretending to ignore obvious issues and differences between conventional banking and crypto. It would feel more honest if they were just recognized and you said you don't care because your only goal is just to make sure someone buys your bag. We are 17 years into this idea of crypto but nothing fundamentally has changed and there is near no adoption for use as a currency. If instead, it is just some weird storage of value, that will collapse the moment people believe it is no longer a safe haven. If it is a safe haven, it is no different than just unbacked fiat currency except there is no governing body like the FED to benevolently manage it aside from the fact that you have to exchange it for currency to use it.

The biggest and most obvious glaring red flags in general is that there doesn't exist anyone who promotes the benefits of crypto that isn't invested in it nor people who are honestly critical and pessimistic of its future that are invested in it.
Click to expand...

Yeah, in a nutshell crypto bros love touting its supposed utility while their only intention is to get rich off of it by selling it for more government backed fiat currency than the original amount of government backed fiat currency they paid to acquire it.
 
tenniswhiz said:
Yeah, in a nutshell crypto bros love touting its supposed utility while their only intention is to get rich off of it by selling it for more government backed fiat currency than the original amount of government backed fiat currency they paid to acquire it.
Click to expand...

These arent people with any moral standing. Theyre simply in it for greed at the expense of others misfortune.
 
heloder said:
Rich people have gamed our system so well that now they don't even need to have an actual product to get morons to invest in something before fucking them over. Hey everybody buy these magic beans! The more you buy, the more they're worth!
Click to expand...
Fascism is a combination of the government and industry.
Mussolini

Bailouts in ai have happened but they are calling it investments and crypto will be the same but it will be called an asset.
Tax payers wonder why they can't afford electricity when the data centers can pay more for it using the same tax payer funds, I mean investments.
 
johnsmithjohnson said:
Fascism is a combination of the government and industry.
Mussolini

Bailouts in ai have happened but they are calling it investments and crypto will be the same but it will be called an asset.
Tax payers wonder why they can't afford electricity when the data centers can pay more for it using the same tax payer funds, I mean investments.
Click to expand...

Interesting perspective. I had not thought of it like that.
 
Stoic1 said:
Interesting perspective. I had not thought of it like that.
Click to expand...
Why do you think Trump is doing his thing with crypto. If it crashes he'll force either fed or trs to buy up crypto as an asset which he'll use tax payer dollars to buy from himself at an inflated value. It will be termed something like "synthetic toxic asset fund" just like with real estate. It's fascism. The nasty stuff starts when the national credit card starts getting declined. Media, manufacturing, tech it's all" industry"
 
johnsmithjohnson said:
Why do you think Trump is doing his thing with crypto. If it crashes he'll force either fed or trs to buy up crypto as an asset which he'll use tax payer dollars to buy from himself at an inflated value. It will be termed something like "synthetic toxic asset fund" just like with real estate. It's fascism. The nasty stuff starts when the national credit card starts getting declined. Media, manufacturing, tech it's all" industry"
Click to expand...


...and...you lost me.
 
Politicians did the same thing with tarp. The market will collapse and the government will step in and buy up toxic crypto assets to create liquidity. Politicians are putting money into crypto already especially the POTUS. Create a strategic synthetic asset fund or call it something then when the market crashes create a fund to buy io the toxic crypto.

Maybe im crazy and the federal government won't start creating such funds. Imagine a nation that's okay with the president printing out funny money then buying it lol. Theyd be cuckolds
Stoic1 said:
...and...you lost me.
Click to expand...
 
Imagine walt Disney became president
And was like
Im going to use your tax dollars to buy Disney dollars
People really like them, there's a market and it's a good thing to have in case of economic warfare
By the way, I make the Disney dollars but I'll give you a great deal.
That would be insane wouldn't it.
 
Crypto currency is just a mess. Glad I broke even and got out.
 
Last edited:
quick @Rob Battisti buy buy buy!
591735317_1268168285341145_3460045403415858359_n.jpg
 
You must log in or register to reply here.

Latest posts

Forum statistics

Threads
1,280,147
Messages
58,261,963
Members
175,984
Latest member
Omar Ahmed Lotfy

Share this page

Back
Top