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SOME (or rather, most) of the stock market will be obliterated. But not all. SOME crypto may get wiped. But not all. And everything is FDIC secured, right? Might be tough at first, but ultimately the US Federal government will have to either A.) force the entities to pay you and/or B.) cover it themselves (debt forgiveness? Tax free? Land? has to be some kind of compensation). Luckily if this all happens, Patriots will be in control and will protect us 🦍

GME and AMC are going to bring down the entire system of corrupt hedgies and banking institutions and the manipulation of the stock market. Can't stop it. Shorts can't cover. Likely lots of building jumpers, as sad as that sounds...

Crypto CURRENCY is the future of how money will work around the globe. Fiat gold and silver hold no intrinsic value. They hold value only because generations have been duped into thinking "pretty" and "rare" = valuable. Ask the Dutch about tulips. Not that I'm against the concept of what gold and silver represent, e.g. a reserve, a standard by which to measure value and currency. Getting off the gold and silver standards did the US a ton of harm over the years. But returning to it wont solve out monetary problems. Gold and silver are pretty to look at, but that's it. CURRENCY is just a medium, money, a physical representation of value. All monetary systems depend on TRUST. Blockchain technology within crypto is light years ahead of what we call "money" (bank notes, cash, checks, etc.), when it comes to matters of security. Sure there are still kinks to work out in the system, but the modern world has already been dealing with digital currency for decades to the point where many don't even realize it. How many still even get a payCHECK? Direct deposits are the norm. Digital currency. How many people pay with credit/debit cards? Digital currency. How many use PayPal, Venmo, Zelle? All digital currency. Crypto wallets are already in use and will be as mainstream as plastic cards within the next decade. Those dooming on crypto are the equivalent to businesses that refused to take cards back in the late 90s. The inevitable is here. Get used to it. Learn it. Adapt. Or be left in the dust.

WITH THAT SAID. I do think that BTC is going to crash hard. It's not a currency, at least not for normal people. Price is too high. It's basically digital gold. Real people don't make transactions in gold. Nobody is going to spend .0000000001 BTC to buy a cheeseburger. The rich elite have been using BTC to keep their money "safe" from the IRS. I partly can't blame anyone wanting to keep the slimeballs hands off their wealth, but at the same time, plenty have used it for more nefarious purposes. BTC will never be a mass use currency. It might serve as the replacement for a country's gold/silver reserve, from which they can base the value of their own national crypto coin and/or bank notes and/or simple digital accounting notes. El Salvador and Panama already going that route it seems. But affordable crypto like ETH, ETC, DOGE etc (thousands of coins) are the future for actual cryptoCURRENCY because the average person can afford them and at a lower price can use them like the "dollars" we've already been used to.

Tldr; BUY THE DIP. People who are late to the party have been blessed with a golden opportunity to still get in with all of these massive sales recently.

3 years ago
1 score
Reason: Original

SOME (or rather, most) of the stock market will be obliterated. But not all. SOME crypto may get wiped. But not all. And everything is FDIC secured, right? Might be tough at first, but ultimately the US Federal government will have to either A.) Force the entities to pay you and/or B.) cover it themselves (debt forgiveness? Tax free? Land? has to be some kind of compensation). Luckily if this all happens, Patriots will be in control and will protect us 🦍

GME and AMC are going to bring down the entire system of corrupt hedgies and banking institutions and the manipulation of the stock market. Can't stop it. Shorts can't cover. Likely lots of building jumpers, as sad as that sounds...

Crypto CURRENCY is the future of how money will work around the globe. Fiat gold and silver hold no intrinsic value. They hold value only because generations have been duped into thinking "pretty" and "rare" = valuable. Ask the Dutch about tulips. Not that I'm against the concept of what gold and silver represent, e.g. a reserve, a standard by which to measure value and currency. Getting off the gold and silver standards did the US a ton of harm over the years. But returning to it wont solve out monetary problems. Gold and silver are pretty to look at, but that's it. CURRENCY is just a medium, money, a physical representation of value. All monetary systems depend on TRUST. Blockchain technology within crypto is light years ahead of what we call "money" (bank notes, cash, checks, etc.), when it comes to matters of security. Sure there are still kinks to work out in the system, but the modern world has already been dealing with digital currency for decades to the point where many don't even realize. How many still even get a payCHECK? Direct deposits are the norm. Digital currency. How many people pay with credit/debit cards? Digital currency. How many use PayPal, Venmo, Zelle? All digital currency. Crypto wallets are already in use and will be as mainstream as plastic cards within the next decade. Those dumping on crypto are the equivalent to businesses that refused to take cards back in the late 90s. The inevitable is here. Get used to it. Learn it. Adapt. Or be left in the dust.

WITH THAT SAID. I do think that BTC is going to hard. It's not a currency, at least not for normal people. Price is too high. It's basically digital gold. Real people don't make transactions in gold. Nobody is going to spend .0000000001 BTC to buy a cheeseburger. The rich elite have been using BTC to keep their money "safe" from the IRS. I partly can't blame anyone wanting to keep the slimeballs hands off their wealth, but at the same time, plenty have used it for more nefarious purposes. BTC will never be a mass use currency. It might serve as the replacement for a country's gold/silver reserve, from which they can base the value of their own national crypto coin and/or bank notes and/or simple digital accounting notes. El Salvador and Panama already going that route it seems. But affordable crypto like ETH, ETC, DOGE etc (thousands of coins) are the future for actual cryptoCURRENCY because the average person can afford them and at a lower price can use them like the "dollars" we've already been used to.

Tldr; BUY THE DIP. People who are late to the party have been blessed with a golden opportunity to still get in with all of these massive sales recently.

3 years ago
1 score