I still can't believe that there are people in the "buy gold and silver!" crowd who buy into a digital currency that they've been told can't be controlled with zero logic to understand that if you can't exchange it for goods or use it to pay your bills, it has zero value.
Yeah, they skyrocketed Bitcoin on purpose to get the normies to think it was a great investment option. Then they scammed as many people as they could into different cryptos. We were given a Bit-dime when it was all kind of new and cashed out at $9k a few years ago. And all I could think was "What bullshit" with the hoops you have to go through to cash out. I think it took 24 hours of some techie stuff my husband dealt with. Would never invest in that.
Exchanges are fairly easy now, but the fact that exchanges are necessary to exchange for goods means that world governments simply have to stop the exchanges.
Money is already regulated, why people think that exchanges are untouchable even legally is beyond me.
Government is simply slow to catch up.. it doesn't mean they won't do so.
Crypto is sent to others from wallet to wallet. I own crypto but don't store it on an exchange and I never will.
I used bitcoin to purchase my ivermectin. The payment went directly from my storage wallet to the online pharmacy's wallet in India. No exchange involved. Exchanges are used to purchase crypto with cash or trade one crypto for another.
I was completely against all of this for years because I didn't understand it. I'm still not sure it's the solution to our problem but I do own some as well as gold and silver.
Honestly the technology to use it is easier than navigating this forum. Anyone who can make their way around here can probably figure out crypto.
If the day comes where cash is scarce and the many people who can pay only have crypto, the businesses are going to figure out how to accept crypto. Silver and gold are never going away but it's hard to exchange silver and gold. You can't exactly shave down slivers if gold to mail to your electric provider.
Again not saying it's the answer but it's definitely very misunderstood. I was one of the people who fought with my son's over it. After many heated arguments I decided to educate myself so I could help them see they were wrong. And it turned out I was the one misunderstanding it.
It was actually reported, but then "lost in the sauce" of course that SVB that Friday while preparing to cede control to FDIC had quote "just paid out bonuses to the board" in their final meeting that morning. The reporter was aghast, and the financial guy just rolled his eyes like it was normal.
BECAUSE IT IS. THESE ARE THE TYPES OF PEOPLE RUNNING THINGS.
It seems to be way more profitable to create a pyramid scheme scam business than to create a real business that actually adds value to society and the economy. A lot of the businesses at the cutting edge out there (especially on wall street) are just scams. Do we remember Thernos (https://en.wikipedia.org/wiki/Theranos) or the Juicero (https://en.wikipedia.org/wiki/Juicero)? They raised billions. For anyone who doesn't know what Juicero is, you're in for a treat: https://www.youtube.com/watch?v=PCRx78Zhj7s
All these crooks think they are smart. It doesn't matter how much you steal since Trump's EO on corruption. The Treasury will take it away form all the crooks along with their property. I am looking forward to the day that happens and they become paupers overnight! KEK
(Once again, I've been banned from commenting on GWP. I very seldom comment there and certainly don't engage in spamming or anything else. What a POS. Took me forever to contact someone last time and it took them months to correct it. Unbelievable.)
I hope this wakes up anons and normies to the danger of the crypto market. I have never trusted it. If you can't hold it, you don't own it.
I still can't believe that there are people in the "buy gold and silver!" crowd who buy into a digital currency that they've been told can't be controlled with zero logic to understand that if you can't exchange it for goods or use it to pay your bills, it has zero value.
Yeah, they skyrocketed Bitcoin on purpose to get the normies to think it was a great investment option. Then they scammed as many people as they could into different cryptos. We were given a Bit-dime when it was all kind of new and cashed out at $9k a few years ago. And all I could think was "What bullshit" with the hoops you have to go through to cash out. I think it took 24 hours of some techie stuff my husband dealt with. Would never invest in that.
Exchanges are fairly easy now, but the fact that exchanges are necessary to exchange for goods means that world governments simply have to stop the exchanges.
Money is already regulated, why people think that exchanges are untouchable even legally is beyond me.
Government is simply slow to catch up.. it doesn't mean they won't do so.
Exchanges aren't necessary
So how do you obtain goods with it, exactly?
How do you pay bills?
Outlaw exchanges, come down harshly on crypto; who accepts crypto?
You can't pay bills, you can't purchase goods, you can't turn it into anything.
Exchanges are the only reason crypto is working for the moment.
Crypto is sent to others from wallet to wallet. I own crypto but don't store it on an exchange and I never will. I used bitcoin to purchase my ivermectin. The payment went directly from my storage wallet to the online pharmacy's wallet in India. No exchange involved. Exchanges are used to purchase crypto with cash or trade one crypto for another. I was completely against all of this for years because I didn't understand it. I'm still not sure it's the solution to our problem but I do own some as well as gold and silver. Honestly the technology to use it is easier than navigating this forum. Anyone who can make their way around here can probably figure out crypto.
If the day comes where cash is scarce and the many people who can pay only have crypto, the businesses are going to figure out how to accept crypto. Silver and gold are never going away but it's hard to exchange silver and gold. You can't exactly shave down slivers if gold to mail to your electric provider.
Again not saying it's the answer but it's definitely very misunderstood. I was one of the people who fought with my son's over it. After many heated arguments I decided to educate myself so I could help them see they were wrong. And it turned out I was the one misunderstanding it.
They real ones don't touch crypto with your dick
This should wake up all the commies who lost money with him.
Claw-backs, for the win...
^This right here.
It was actually reported, but then "lost in the sauce" of course that SVB that Friday while preparing to cede control to FDIC had quote "just paid out bonuses to the board" in their final meeting that morning. The reporter was aghast, and the financial guy just rolled his eyes like it was normal.
BECAUSE IT IS. THESE ARE THE TYPES OF PEOPLE RUNNING THINGS.
Scam Bankman-fraud
It seems to be way more profitable to create a pyramid scheme scam business than to create a real business that actually adds value to society and the economy. A lot of the businesses at the cutting edge out there (especially on wall street) are just scams. Do we remember Thernos (https://en.wikipedia.org/wiki/Theranos) or the Juicero (https://en.wikipedia.org/wiki/Juicero)? They raised billions. For anyone who doesn't know what Juicero is, you're in for a treat: https://www.youtube.com/watch?v=PCRx78Zhj7s
Yes, these types of schemes have been wildly successful at removing people from their money since Charles Ponzi in the 1920s.
They were also used as a located for hedge funds to short our favorite stonks.
Hedgies are fuked....l
I see a Wolf of Wall Street type of movie coming on with [insert big fucking dweeb actor] in the starring role...go!....
Polly shore
The guy with curly hair who played zuckerberg
All these crooks think they are smart. It doesn't matter how much you steal since Trump's EO on corruption. The Treasury will take it away form all the crooks along with their property. I am looking forward to the day that happens and they become paupers overnight! KEK
He will be on a beach in Israel any day now
He's worth it, to quote Clairol.
(Once again, I've been banned from commenting on GWP. I very seldom comment there and certainly don't engage in spamming or anything else. What a POS. Took me forever to contact someone last time and it took them months to correct it. Unbelievable.)
Oh, that's familiar- didn't SVB just get their bonuses and CEO sold shares pre bust?
The mother fucker was playing League of Legends during every company video call, and he was still ranked bottom tier competitively lmao