But just like everything else, a new market will always have its fair share of scamsters.
I've been saying it for a while, the only thing you have is what you can hold in your hands and defend under your feet. Everything else only has value to those who see it as valuable.
Sure, you can have crypto on a flash drive. Sure you can have a stack of gold coins.
If you can't trade it for it's true value in loaves of bread, it's worth only as much as a paperweight.
No one knows the true value of crypto. Which means, people can easily convince you of it's worth.
More than anything else, if crypto is worth so much, then why are they telling you about it? Any other day of the week, if someone comes up to me and says "you wanna make some easy money?" or "I made money on this, you should too!" it's a scam. But for crypto, everyone's been gung-ho about it.
That should tell you everything you need to know. It's what people aren't talking about yet still buying that has true value. Everything else is leverage.
The idea of a non-govt backed or regulated currency is one I think screams freedom.
The problem RN is centralized brokers that can shut down and steal everything you had with them. Decentralized exchanges are the future, but requires more tech knowhow than the average investor has appetite for.
I think.for most it was a way to secure what they have earned outside of the FED system. Some were trying to make more but I dont see how that is any different that trying to get a better paying job. Using the system before you to make more money for better survival.
I personally dont know why anyone ever thought it would be some type of escape. The government never lets anyone have anything unless they control it. History has proven it. Only need to look back at the early days of the internet and cell phones to see it.
Until very recently (2 months), I've been anti-Crypto.
After recently looking into it to understand it better, I do believe that digitized tokens will be the way forward. It essentially lets you bypass the banks.
The entire world banking system is corrupt and easily controlled. That isn't to say that there won't be fraud and corruption in Crypto- there will be. But if you're smart about holding your tokens off the exchange, YOU are in control of the asset.
Have you ever bought securities through the stock exchange? That’s a scam too for the big boys, but it is possible to make money if you can smartly identify trends.
The same is true of crypto markets. It is not “greed” to want to make a return on capital you have earned, unless you view capitalism as evil. Do you dislike capitalism or are you jealous when people make healthy returns? You obviously delight in the misery of others when an investment goes badly.
We all make our own investment choices and we all enjoy the rewards or the agony. Speaking of butts, why don’t you store your self-righteous opinion there, I’m sure you have plenty of room.
Capitalism does not include "making money" by fraud. Capitalism is the economic system that naturally arises if people's right to freedom and property are recognized and protected by law. Unlike a stock exchange there is no true value behind the tokens being traded on a crypto exchange -- it rests on the "great fool" theory. It is a type of MLM scam. The irony is that the current dollar system rests on the same foundation and is in the process of collapsing just like crypto. It is a harbinger of the coming collapse of the dollar.
Trading stocks is not like trading crypto, assuming that the stocks represent companies that produce real values. What is the value behind crypto?
Yes, I agree that social security is also a Ponzi scheme.
Thanks to FTX, cryptos are about to be regulated, if not outlawed, and were a DS psyop to prep people for the coming CBDC (central bank digital currency) and digital IDs for all. Who is Satoshi Makamoto? You don't even know, nobody does which makes me think "he" was a CIA working group.
Crypto is fine in theory.
But just like everything else, a new market will always have its fair share of scamsters.
I've been saying it for a while, the only thing you have is what you can hold in your hands and defend under your feet. Everything else only has value to those who see it as valuable.
Sure, you can have crypto on a flash drive. Sure you can have a stack of gold coins.
If you can't trade it for it's true value in loaves of bread, it's worth only as much as a paperweight.
No one knows the true value of crypto. Which means, people can easily convince you of it's worth.
More than anything else, if crypto is worth so much, then why are they telling you about it? Any other day of the week, if someone comes up to me and says "you wanna make some easy money?" or "I made money on this, you should too!" it's a scam. But for crypto, everyone's been gung-ho about it.
That should tell you everything you need to know. It's what people aren't talking about yet still buying that has true value. Everything else is leverage.
The idea of a non-govt backed or regulated currency is one I think screams freedom.
The problem RN is centralized brokers that can shut down and steal everything you had with them. Decentralized exchanges are the future, but requires more tech knowhow than the average investor has appetite for.
Never trusted it, never will.
I think.for most it was a way to secure what they have earned outside of the FED system. Some were trying to make more but I dont see how that is any different that trying to get a better paying job. Using the system before you to make more money for better survival.
I personally dont know why anyone ever thought it would be some type of escape. The government never lets anyone have anything unless they control it. History has proven it. Only need to look back at the early days of the internet and cell phones to see it.
Research Mt. Gox.
Until very recently (2 months), I've been anti-Crypto.
After recently looking into it to understand it better, I do believe that digitized tokens will be the way forward. It essentially lets you bypass the banks.
The entire world banking system is corrupt and easily controlled. That isn't to say that there won't be fraud and corruption in Crypto- there will be. But if you're smart about holding your tokens off the exchange, YOU are in control of the asset.
Nothin' from nothin' leaves nothin'
And I'm not stuffin', believe you me
Don't you remember I told ya
I'm a soldier in the war on poverty, yeah
Yes, I am
Billy Preston
Have you ever bought securities through the stock exchange? That’s a scam too for the big boys, but it is possible to make money if you can smartly identify trends.
The same is true of crypto markets. It is not “greed” to want to make a return on capital you have earned, unless you view capitalism as evil. Do you dislike capitalism or are you jealous when people make healthy returns? You obviously delight in the misery of others when an investment goes badly.
We all make our own investment choices and we all enjoy the rewards or the agony. Speaking of butts, why don’t you store your self-righteous opinion there, I’m sure you have plenty of room.
Capitalism does not include "making money" by fraud. Capitalism is the economic system that naturally arises if people's right to freedom and property are recognized and protected by law. Unlike a stock exchange there is no true value behind the tokens being traded on a crypto exchange -- it rests on the "great fool" theory. It is a type of MLM scam. The irony is that the current dollar system rests on the same foundation and is in the process of collapsing just like crypto. It is a harbinger of the coming collapse of the dollar.
You don’t think the stock market is a scam with tons of greed??? Really?
Value is the price a willing buyer Pays to a willing seller.
MLM’s are Ponzi schemes, not unlike social security.
Crypto’s are here to stay, live or hate them government will introduce their own and I’d rather have another available to me in the future.
Trading stocks is not like trading crypto, assuming that the stocks represent companies that produce real values. What is the value behind crypto?
Yes, I agree that social security is also a Ponzi scheme.
Thanks to FTX, cryptos are about to be regulated, if not outlawed, and were a DS psyop to prep people for the coming CBDC (central bank digital currency) and digital IDs for all. Who is Satoshi Makamoto? You don't even know, nobody does which makes me think "he" was a CIA working group.
Be careful my friend.