I want to warn all my fellow digital soldiers to be careful about cryptocurrencies. Trump himself was not a fan of them. That doesn't mean he's 100% right about all of them. But I would be careful. Especially because bitcoin is promoted by satanic pedophiles like @Jack. Gold/Silver is real money. If you don't own any Gold/Silver you MUST buy that first before you think of speculating in cryptocurrencies.
I think the whole point of crypto currencies is to be wreckless.. just be wreckless with a small amount of a well diversified portfolio and realize that anything you think is stable can blow up at any moment.. like.. something as silly as a meme.. or a 250 year old institution. Invest accordingly and you'll always have money.. or whatever works as money at that moment.
Repeat until it eventually flatlines at zero - cryptocurrencies are fundamentally worthless, create no value, and exist as a pyramid-scheme pump-and-dump vehicle for early entrants.
When the supply of new fools is exhausted, shitcoin will go to zero, and be remembered as a store of value on par with tulip bulbs and beanie babies.
And I also know logic and economics agree with me.
This isn’t a mystery, this laughable scam that is “cryptocurrencies.” (Bitcoin is bad enough, but all these other worthless “cryptos”… beyond laughable!) But I do hate to see well-meaning pedes get misled out of ignorance and money-for-nothing greed. It’s not going to end well, folks.
I will say some cryptos have usefulness (on the order of 1/1000 of where they are currently trading at imo), but bitcoin is not one of those with usefulness.
An intermediary currency only has use as such when its value is stable.
And it only has use as a store of value when it is stable.
And it only has stability when it has intrinsic value, or is backstopped by a trustworthy revenue stream. (And is not debased by massive expansion if the supply.)
And if not useful as an intermediary currency or a long-term store of value, a currency has no legitimate usefulness at all.
I totally agree. I mean more that some of the networks/software were designed to actually do something. If Eth for example was trading for $2, and stable, it could be usefull with smart contracts. Bitcoin and many others could never be.
Diamond Hands.
finally bought some more chainlink today at $16. last time i bought it was .20c.
I want to warn all my fellow digital soldiers to be careful about cryptocurrencies. Trump himself was not a fan of them. That doesn't mean he's 100% right about all of them. But I would be careful. Especially because bitcoin is promoted by satanic pedophiles like @Jack. Gold/Silver is real money. If you don't own any Gold/Silver you MUST buy that first before you think of speculating in cryptocurrencies.
I think the whole point of crypto currencies is to be wreckless.. just be wreckless with a small amount of a well diversified portfolio and realize that anything you think is stable can blow up at any moment.. like.. something as silly as a meme.. or a 250 year old institution. Invest accordingly and you'll always have money.. or whatever works as money at that moment.
Looks like a GME yawner day to me.
I am sure the people who just a week or so ago that had bitcoin worth $60K and now is a,almost half that value does not share your yawns. lol
GME holder to BTC holder
LOL
It's the other way around, crypto people have been experiencing these crazy swings years before GME became a memestock.
U realize btc swings like this for 12 years if anything gme we showed u the way of price swings
HODL came from Bitcoiners, not GME, after all.
As a person who has had crypto investments for a long time... yawn.. HUGE YAWN.. YAWN!!!! {deep echo}
Repeat until it eventually flatlines at zero - cryptocurrencies are fundamentally worthless, create no value, and exist as a pyramid-scheme pump-and-dump vehicle for early entrants.
When the supply of new fools is exhausted, shitcoin will go to zero, and be remembered as a store of value on par with tulip bulbs and beanie babies.
Truth hurts, doesn’t it, fools?
Stay vigilant, Trump agrees with you
Thanks.
I know.
And I also know logic and economics agree with me.
This isn’t a mystery, this laughable scam that is “cryptocurrencies.” (Bitcoin is bad enough, but all these other worthless “cryptos”… beyond laughable!) But I do hate to see well-meaning pedes get misled out of ignorance and money-for-nothing greed. It’s not going to end well, folks.
I will say some cryptos have usefulness (on the order of 1/1000 of where they are currently trading at imo), but bitcoin is not one of those with usefulness.
An intermediary currency only has use as such when its value is stable.
And it only has use as a store of value when it is stable.
And it only has stability when it has intrinsic value, or is backstopped by a trustworthy revenue stream. (And is not debased by massive expansion if the supply.)
And if not useful as an intermediary currency or a long-term store of value, a currency has no legitimate usefulness at all.
I totally agree. I mean more that some of the networks/software were designed to actually do something. If Eth for example was trading for $2, and stable, it could be usefull with smart contracts. Bitcoin and many others could never be.
Ya, that’s what I want for currency /s
Tim Pool said it was going to $1M though, very bullish!
Link: https://www.coindesk.com/price/bitcoin