Economy Bitcoin/Crypto is imploding

[Stoic1]

I'm keeping the faith! PEPE won't let me down.

 

[Gas121]

lold, shitcoins disappear years ago, that shit was the WILD west, I miss it so much.

I mean, every coin I was in EVENTUALLY rug pulled but I was part of 3-4 legit projects for a while that literally 300x'd. I don't think it will ever happen again like it did during BNB/SOL's initial huge boom.

NFT's maybe have another insane run in them because there is legit utility behind them.

Shit coins all go to zero. Crypto is mostly a game of timing the market of buying low and selling high.

Listen, a few people I know managed to cash out of crypto at the top and are now millionaires. It's knowing when to walk away which is the hardest part.

If you look at Bitcoin historically, it is a pump and dump vehicle to make money. It drops hard and bounces again quickly. And now you have a ton of grifters trying to capitalize on it.

 

[Phlog]

I think crypto might just be a taxation of stupid people and enabler for the billionaire pdf elite that operate commonly through a western allied middle east nation.

 

[Stoic1]

I think crypto might just be a taxation of stupid people and enabler for the billionaire pdf elite that operate commonly through a western allied middle east nation.

I feel like you could say the same thing about fiat currency.

 

[PBAC]

If it has fallen this much you don't want it to stabilize and just hope it falls lower and lower

 

[HockeyBjj]

I feel like you could say the same thing about fiat currency.

No. Fiat currency has constant usage for all things and the backing of governments and militaries and complex systems.

Fiat currency is the only thing that matters. Gold is just a shiny rock with speculative value.

 

[The Servant]

I'm keeping the faith! PEPE won't let me down.

I've got 29m PEPE. Hoping for crypto to take off during Trumps presidency, so far I've been let down.

 

[tenniswhiz]

Well except a ton of people are or were into leverage trading and got wiped out on purpose, constantly, by billionaire whales.

Leverage trading should be made illegal on crypto, it’s basically stealing money at this point in time.

If a person doesn’t want to use leverage, then they don’t have to use leverage.

A brokerage closes the position when a trader doesn’t have the funds to cover.

Nobody got wiped out by a billionaire whale. People chose to wipe themselves out. Nobody is putting a gun to another’s head and encouraging them to take risks.

Traders have a right to gamble, if they choose. Speculating is as American as it gets!

 

[tenniswhiz]

Shit coins all go to zero. Crypto is mostly a game of timing the market of buying low and selling high.

Listen, a few people I know managed to cash out of crypto at the top and are now millionaires. It's knowing when to walk away which is the hardest part.

If you look at Bitcoin historically, it is a pump and dump vehicle to make money. It drops hard and bounces again quickly. And now you have a ton of grifters trying to capitalize on it.

Exactly. The ONLY thing people want is to sell Bitcoin back for more than they paid for it.

 

[Rob Battisti]

I feel like you could say the same thing about fiat currency.

Yeah let’s just keep holding cash.

If you just held USD fiat in the last 15 years, you’d have lost 35% of its purchasing power. About 25% since 2020.

Meanwhile Bitcoin is up 858% since January 2020. But people bitcoin is for morons.

 

[Rob Battisti]

No. Fiat currency has constant usage for all things and the backing of governments and militaries and complex systems.

Fiat currency is the only thing that matters. Gold is just a shiny rock with speculative value.

Do you believe that holding USD is a good idea?

 

[Stoic1]

No. Fiat currency has constant usage for all things and the backing of governments and militaries and complex systems.

Fiat currency is the only thing that matters. Gold is just a shiny rock with speculative value.

Why would you quote me?

Do you feel that anything you say to me has any value?

 

[S Class]

Good time to buy more Bitcoin and Etherium.

 

[HockeyBjj]

Do you believe that holding USD is a good idea?

Currency isn’t meant to be held it’s meant to be used

 

[Rob Battisti]

Currency isn’t meant to be held it’s meant to be used

Agreed.

Now what asset has had the best return since 1/1/2020?

If the dollar has depreciated 25% since 1/1/2020, where would have been the best place to park your fiat from that day until today?

S&P500?
Nasdaq?
Gold?
Silver?

Hint, it starts with a B.

 

[tabascojet]

I'm keeping the faith! PEPE won't let me down.

Your Pepe is small….

 

[AWilder]

Agreed.

Now what asset has had the best return since 1/1/2020?

If the dollar has depreciated 25% since 1/1/2020, where would have been the best place to park your fiat from that day until today?

S&P500?
Nasdaq?
Gold?
Silver?

Hint, it starts with a B.

how do ponzi schemes work?

 

[Michaelangelo]

Agreed.

Now what asset has had the best return since 1/1/2020?

If the dollar has depreciated 25% since 1/1/2020, where would have been the best place to park your fiat from that day until today?

S&P500?
Nasdaq?
Gold?
Silver?

Hint, it starts with a B.

Breast implants?

 

[HeffDoesWant]

Exactly. The ONLY thing people want is to sell Bitcoin back for more than they paid for it.

Don't disrespect its highly effective use as way to launder money.

 

[Rob Battisti]

how do ponzi schemes work?

They have central operators.

They guarantee profits.

They use new investors money to pay old investors things like dividends or returns.

They hide the operating structure.

Glad I could clear that up for you since it sounds like you’re confusing Bitcoin with a Ponzi scheme.