Getting paranoid about crypto, traded almost everything for a pile of gold and silver. Is it all going to fall apart or go to the moon? Have my paper hands betrayed me? I feel like eating crayons and buying GME, nothing makes sense out there. Except I know it has to crash eventually, right? - The Great Awakening

Getting paranoid about crypto, traded almost everything for a pile of gold and silver. Is it all going to fall apart or go to the moon? Have my paper hands betrayed me? I feel like eating crayons and buying GME, nothing makes sense out there. Except I know it has to crash eventually, right? (media.greatawakening.win)

posted 3 years ago by jager 3 years ago by jager +76 / -1

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– nautica 0 points 3 years ago +1 / -1

not true: pull out the electric plug and will not be able to buy or to sell. That is a counterparty risk. Bitcoin is a distributd ledger, meaning other people's computers have to work (do calculations and use energy) in order you can sell or buy. It is even a multiparty risk.
The early birds who have many bitcoins make the price. That is probably not you.
You have not replied to my argument that the number of possible crypto currencies is unlimited.
The only you are right thing is that I used a wrong word, but English is not my native language, so thank you for that correcting my spelling.
Of course I know that Bitcoin has a cap. Bitcoin will only survive, if it is mandatory to use it, i.e. to pay taxes.
It is not anoymous, it can be tracked.

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