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» I still think BTC is going to zero, unless someone can tell me....
03-07-2024, 12:41 AM
#121
Originally Posted By Horse86⏩
One person has bought a house with crypto in the uk. ONE. In 14 years. No one I know uses it for anything at all other than speculation. Just admit it as other bag holders have done itt.. it’s pure speculation. Nothing wrong with that, but the rest of us might as well get upset that we didn’t bet on the 2.20 at wincanton
Wrong again. People have bought houses with Bitcoin. Athletes take Bitcoin for payment. More and more places accepting crypto in payment.
One of the first noted purchase with Bitcoin was a pizza over a decade ago!! Jfl laughing at your stupidity.
All your posts are gaslighting BS.
>Muh no one uses crypto.
Better call wall-street and Fink and tell them they don’t know what they are doing
One of the first noted purchase with Bitcoin was a pizza over a decade ago!! Jfl laughing at your stupidity.
All your posts are gaslighting BS.
>Muh no one uses crypto.
Better call wall-street and Fink and tell them they don’t know what they are doing
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03-07-2024, 12:45 AM
#122
Originally Posted By Horse86⏩
Our banking systems aren’t stuck in the 1950s like you. I’ll prove anything I say for a permaban bet we on?
Quit frauding boyo. I’ve been using coinbase back when you had to do wires at the bank in person.
Imagine still using banks to handle your money on their schedule. What a cuck
Imagine still using banks to handle your money on their schedule. What a cuck
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03-07-2024, 01:17 AM
#123
Originally Posted By propreffered7⏩
but when you say "debasing" it's obviously relative to something
you're saying bitcoin goes up as the value of fiat goes down
i would think the implication would be bitcoin would usurp fiat for use as currency
i dont think the paradigm is just bitcoins value goes up forever while fiat continually gets worthless, no?
i know you can send .000001 bitcoin but as others have said the limited supply has a lot of constraints. you know.. i know there are clever ways to cover it up but seems weird that we'd rely on a currency with billions of people with only 21 million pieces and or paying in .0000001 bitcoin for milk
you're saying bitcoin goes up as the value of fiat goes down
i would think the implication would be bitcoin would usurp fiat for use as currency
i dont think the paradigm is just bitcoins value goes up forever while fiat continually gets worthless, no?
i know you can send .000001 bitcoin but as others have said the limited supply has a lot of constraints. you know.. i know there are clever ways to cover it up but seems weird that we'd rely on a currency with billions of people with only 21 million pieces and or paying in .0000001 bitcoin for milk
Debasing = more is printed, which leads to losing value. This is why people use Gold or bitcoin or real estate or other things that can not be so easily made more of. Things with limited supply. So it’s not relative to anything. If you had the only apple in the world, it would be almost priceless, if apples are plentiful growing on trees on the streets, they are free and nobody cares.
For bitcoin to take over fiat as currency the scumbags who benefit from money printing would have to give up their power, which is either never going to happen, or is very far away.
Really long term I do not know what the future is, nor does it matter (to me), my personal time horizon is 2-5 years, bitcoin will be 100k bear case, 1 million bullcase, both are acceptable to me. I will rotate then, or reassess.
03-07-2024, 01:24 AM
#124
Originally Posted By MarioMiami305⏩
Gold lost 50% as well at one point. It doesn’t matter. It’s more important how much it rises overall. And bitcoin rises more than Gold.
Store of value. Goes from 70k to 10k in one summer. Great store of value….backed by nothing but codes on a computer LOL.
I don’t think you should fight the market. Don’t argue with it. Just play it. It’s a classic investing lesson. Market has picked bitcoin. Don’t fight it. Many people don’t agree with EV, but all they did is lose money by not investing in Tesla. Don’t argue with the market.
It’ll be painful for you in a few months when this thread and your posts will be bumped. Allocate 10% of your portfolio to bitcoin blackrock ETF or something, and enjoy selling options on it when they come out. With institutions in the game the big drops are over. Pension funds do not daytrade, they dont sell. They hold. They are now applying to hold bitcoin.
03-07-2024, 01:28 AM
#125
Originally Posted By kusok⏩
Shill shill shill
Gold lost 50% as well at one point. It doesn’t matter. It’s more important how much it rises overall. And bitcoin rises more than Gold.
I don’t think you should fight the market. Don’t argue with it. Just play it. It’s a classic investing lesson. Market has picked bitcoin. Don’t fight it. Many people don’t agree with EV, but all they did is lose money by not investing in Tesla. Don’t argue with the market.
It’ll be painful for you in a few months when this thread and your posts will be bumped. Allocate 10% of your portfolio to bitcoin blackrock ETF or something, and enjoy selling options on it when they come out. With institutions in the game the big drops are over. Pension funds do not daytrade, they dont sell. They hold. They are now applying to hold bitcoin.
I don’t think you should fight the market. Don’t argue with it. Just play it. It’s a classic investing lesson. Market has picked bitcoin. Don’t fight it. Many people don’t agree with EV, but all they did is lose money by not investing in Tesla. Don’t argue with the market.
It’ll be painful for you in a few months when this thread and your posts will be bumped. Allocate 10% of your portfolio to bitcoin blackrock ETF or something, and enjoy selling options on it when they come out. With institutions in the game the big drops are over. Pension funds do not daytrade, they dont sell. They hold. They are now applying to hold bitcoin.
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03-07-2024, 01:50 AM
#126
Originally Posted By samsbolton⏩
Just trying to alert you guys to the mistake I made in the past, and mistake you keep making today.
Shill shill shill
03-07-2024, 02:01 AM
#127
Originally Posted By kusok⏩
Ethereum is way better. All you need is to take a look at Vitalik Buterin to know this guy knows what he is doing. We don't even know who Satoshi is. Started in 2008 but the original whitepaper of using cryptography for digital money was written in the 90s already by some university lads.
Just trying to alert you guys to the mistake I made in the past, and mistake you keep making today.
03-07-2024, 03:23 AM
#128
Originally Posted By Schnitzl⏩
Sol
Ethereum is way better. All you need is to take a look at Vitalik Buterin to know this guy knows what he is doing. We don't even know who Satoshi is. Started in 2008 but the original whitepaper of using cryptography for digital money was written in the 90s already by some university lads.
03-07-2024, 03:47 AM
#129
Originally Posted By kusok⏩
No, it’s a mistake for YOU if I don’t buy.. not for me
Just trying to alert you guys to the mistake I made in the past, and mistake you keep making today.
Keep shilling
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03-07-2024, 03:53 AM
#130
Originally Posted By samsbolton⏩
Totally cool. Time will tell. There are plenty of other good investments for you. Nobody has to buy btc.
No, it’s a mistake for YOU if I don’t buy.. not for me
Keep shilling
Keep shilling
03-07-2024, 03:57 AM
#131
Originally Posted By kusok⏩
No and I’m not doing
Totally cool. Time will tell. There are plenty of other good investments for you. Nobody has to buy btc.
Its lost money for 2 1/2 years in real terms. It sucks.
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03-07-2024, 04:06 AM
#132
Surely this thing backed by nothing owned by the powers that be won’t be regulated. Surely.
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03-07-2024, 04:15 AM
#133
Originally Posted By leoaa777⏩
No no keep up
Surely this thing backed by nothing owned by the powers that be won’t be regulated. Surely.
Now apparaently its a really good thing that it’s being regulated and has government oversight lol
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03-07-2024, 04:19 AM
#134
Originally Posted By kusok⏩
Wise words esp in regards to the Pension funds. They hold.
Gold lost 50% as well at one point. It doesn’t matter. It’s more important how much it rises overall. And bitcoin rises more than Gold.
I don’t think you should fight the market. Don’t argue with it. Just play it. It’s a classic investing lesson. Market has picked bitcoin. Don’t fight it. Many people don’t agree with EV, but all they did is lose money by not investing in Tesla. Don’t argue with the market.
It’ll be painful for you in a few months when this thread and your posts will be bumped. Allocate 10% of your portfolio to bitcoin blackrock ETF or something, and enjoy selling options on it when they come out. With institutions in the game the big drops are over. Pension funds do not daytrade, they dont sell. They hold. They are now applying to hold bitcoin.
I don’t think you should fight the market. Don’t argue with it. Just play it. It’s a classic investing lesson. Market has picked bitcoin. Don’t fight it. Many people don’t agree with EV, but all they did is lose money by not investing in Tesla. Don’t argue with the market.
It’ll be painful for you in a few months when this thread and your posts will be bumped. Allocate 10% of your portfolio to bitcoin blackrock ETF or something, and enjoy selling options on it when they come out. With institutions in the game the big drops are over. Pension funds do not daytrade, they dont sell. They hold. They are now applying to hold bitcoin.
Originally Posted By leoaa777⏩
Already a lot of restrictions in the UK - can't directly deposit/withdraw to Binance. Lot of banks are stopping deposits. RAF offers are banned it seems. Govt's will do what they can and create their own no doubt - but tbh, most FIAT currency is digital these days isn't it ? Cash getting less and less use which is what 'they' want … no tinfoil theory - look at the depletion of large currency notes from major countries under the premises of stopping criminal behaviour.
Surely this thing backed by nothing owned by the powers that be won’t be regulated. Surely.
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03-07-2024, 04:37 AM
#135
Originally Posted By kusok⏩
Gold has a lot of uses honestly
Debasing = more is printed, which leads to losing value. This is why people use Gold or bitcoin or real estate or other things that can not be so easily made more of. Things with limited supply. So it’s not relative to anything. If you had the only apple in the world, it would be almost priceless, if apples are plentiful growing on trees on the streets, they are free and nobody cares.
For bitcoin to take over fiat as currency the scumbags who benefit from money printing would have to give up their power, which is either never going to happen, or is very far away.
Really long term I do not know what the future is, nor does it matter (to me), my personal time horizon is 2-5 years, bitcoin will be 100k bear case, 1 million bullcase, both are acceptable to me. I will rotate then, or reassess.
For bitcoin to take over fiat as currency the scumbags who benefit from money printing would have to give up their power, which is either never going to happen, or is very far away.
Really long term I do not know what the future is, nor does it matter (to me), my personal time horizon is 2-5 years, bitcoin will be 100k bear case, 1 million bullcase, both are acceptable to me. I will rotate then, or reassess.
Even in the scenario you posted.. would bitcoins value in USD always go up if the USD continually loses value?
Again, it would seem then the value is on its use as a currency cause eventually the usd would be worthless
Further, at 21 million coins why couldnt billionaires buy up all the supply? I know the implication is "they were late" but still
I think it shows the value is nowhere near usurping the usd
And if they did, they could hoard the supply causing massive spikes and valleys
I will say this. I think you can make money with it. I dont think institutions being in on it forbodes anything about its future utility. I just think its another avenue to make money for them
I think bitcoins future at best is something middling
It may always have a use with the internet, though somethijg better may come along. But i dont believe its value will always go up. It will be interesting to see once that perception is popped what is truly backing it. Right now its hopes and dreams and speculating on its future utility
I think plenty of people would be upset as this slow thing yoi send on the internet
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03-07-2024, 06:22 AM
#136
Originally Posted By Horse86⏩
Earlier you said Larry Fink is backing bitcoin ETFs. Now you are saying that bitcoin ETFs are just backed by bitcoin lol.
Just Proved you know Fuk all about it this space. There were etfs before the spot btc etf. The complaint was they weren’t backed. SPOT BTC ETFS ARE BACKED BY THE COLD HARD CRYPTO LARRY IS NOW BUYING BY THE BILLIONS. GET IT NOW SMOOTHBRAIN?
1B in BTC spot ETFs traded DAILY since the spot ETFs were given the green light.
1B in BTC spot ETFs traded DAILY since the spot ETFs were given the green light.
So according to you, bitcoin is legit because it’s backed by bitcoin etfs which are in turn backed by bitcoin. A circular fukk fest.
Show me where anyone is “backing” a bitcoin etf. Who is acting as guarantor.
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03-07-2024, 06:26 AM
#137
Bolton on suicide watch
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03-07-2024, 06:31 AM
#138
Lets never forget
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03-07-2024, 06:57 AM
#139
Originally Posted By propreffered7⏩
Billionaires wanting to buy bitcoin is one of the things we want. That would bring a quick supply crunch and completely bonkers price spike.
Gold has a lot of uses honestly
Even in the scenario you posted.. would bitcoins value in USD always go up if the USD continually loses value?
Again, it would seem then the value is on its use as a currency cause eventually the usd would be worthless
Further, at 21 million coins why couldnt billionaires buy up all the supply? I know the implication is "they were late" but still
I think it shows the value is nowhere near usurping the usd
And if they did, they could hoard the supply causing massive spikes and valleys
I will say this. I think you can make money with it. I dont think institutions being in on it forbodes anything about its future utility. I just think its another avenue to make money for them
I think bitcoins future at best is something middling
It may always have a use with the internet, though somethijg better may come along. But i dont believe its value will always go up. It will be interesting to see once that perception is popped what is truly backing it. Right now its hopes and dreams and speculating on its future utility
I think plenty of people would be upset as this slow thing yoi send on the internet
Even in the scenario you posted.. would bitcoins value in USD always go up if the USD continually loses value?
Again, it would seem then the value is on its use as a currency cause eventually the usd would be worthless
Further, at 21 million coins why couldnt billionaires buy up all the supply? I know the implication is "they were late" but still
I think it shows the value is nowhere near usurping the usd
And if they did, they could hoard the supply causing massive spikes and valleys
I will say this. I think you can make money with it. I dont think institutions being in on it forbodes anything about its future utility. I just think its another avenue to make money for them
I think bitcoins future at best is something middling
It may always have a use with the internet, though somethijg better may come along. But i dont believe its value will always go up. It will be interesting to see once that perception is popped what is truly backing it. Right now its hopes and dreams and speculating on its future utility
I think plenty of people would be upset as this slow thing yoi send on the internet
It’s nothing more than inflation hedge. I personally don’t even think about currency or uses etc. perhaps except for easy way to transfer and store money without paying western union 30% fees or carrying around gold bricks.
We are talking about investing aka making money. Politics, use, future, money laundering, and any other topics actually don’t concern me. Price is likely to go up. That’s all I care about until something changes.
The important question is to pick the fastest horse. Is it better to keep making 14k per week just on one bitcoin stock? Or diversify and buy Tesla dip? Those are important questions.
03-07-2024, 07:15 AM
#140
Originally Posted By kusok⏩
Typical response is "but you cant buy XY or Z with it" or "what is its use??"
Billionaires wanting to buy bitcoin is one of the things we want. That would bring a quick supply crunch and completely bonkers price spike.
It’s nothing more than inflation hedge. I personally don’t even think about currency or uses etc. perhaps except for easy way to transfer and store money without paying western union 30% fees or carrying around gold bricks.
We are talking about investing aka making money. Politics, use, future, money laundering, and any other topics actually don’t concern me. Price is likely to go up. That’s all I care about until something changes.
The important question is to pick the fastest horse. Is it better to keep making 14k per week just on one bitcoin stock? Or diversify and buy Tesla dip? Those are important questions.
It’s nothing more than inflation hedge. I personally don’t even think about currency or uses etc. perhaps except for easy way to transfer and store money without paying western union 30% fees or carrying around gold bricks.
We are talking about investing aka making money. Politics, use, future, money laundering, and any other topics actually don’t concern me. Price is likely to go up. That’s all I care about until something changes.
The important question is to pick the fastest horse. Is it better to keep making 14k per week just on one bitcoin stock? Or diversify and buy Tesla dip? Those are important questions.
Haha
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03-07-2024, 07:41 AM
#141
Originally Posted By OffwhiteBrah⏩
You’re a fool if you think Internet will take over writing letters by hand, paper and pen industry will never be replaced by Internet, people like personal touch, and to write and receive letters written by hand by actual human beings, there is nothing Internet can do that cannot be done by a telephone or fax machine, what is its use? Money laundering? Wait till government regulates this Internet, invest in gold!
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03-07-2024, 08:20 AM
#142
Originally Posted By leoaa777⏩
The thing that is wild about crypto though is that it is quite literally too big to fail now. Hopefully when it inevitably does go down to $0 it will be a long, slow, gradual death. If there is a black swan event, there will be absolute turmoil in financial markets. Which is fukken insane to think about.
Surely this thing backed by nothing owned by the powers that be won’t be regulated. Surely.
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03-07-2024, 08:28 AM
#143
Originally Posted By donblaximus⏩
i honestly don't really care about it from an investment standpoint. i was in that space in 2017 and as far as im concerned nothing new has come out about it, other than institutional investors putting their hands into it. i was in a coin imo that had substantially more proof of real hard use and that ended up disappearing so the space is quite shady imo
Typical response is "but you cant buy XY or Z with it" or "what is its use??"
Haha
Haha
institutions "legitimizing" it just makes it more taxable
but im genuinely curious about the mechanisms
its deflationary because of its finite supply. but 95% of its supply is already used up
when its supply is used up there will be no more speculation about its use. its value will be the only thing going for it. but i dont understand why it would keep rising at that point
for people at this point in time it might be a store of value because there's speculation about its use while the supply is still out there so the price keeps going up relative to the dollar while the dollar keeps going down.. but again, it's different to me once that supply is used up
bitcoin better be good at doing something and idk what that something is for its value to keep going up (long term) - like beyond its supply
all the stores of value you list - like real estate and gold and silver have a tangible value beyond money. money is then used to buy them - that is why they're valuable
it seems to me most of you are insinuating btc's simple use as a currency is its "store of value" meaning you can send money with it on the computer
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03-07-2024, 08:32 AM
#144
Some good rational and logical explanations ITT. Well done boyos.
The crypto crowd are honestly like a cult. They think they have found magic and anyone not involved is an idiot or doesn't understand how the world works LOL.
The bottom can quite easily fall out and render Crypto useless..
until genuine practicality of coins such as BTC etc are communicated and demonstrated it is a useless speculative investment.
The only way it will retain any value is if it genuinely starts to show tangible and measurable use. Right now it is not.
all this bullchit about it being decentralised, blockchains etc is a cope and just cult like ideas being manufactured to keep interest and demand going.
Ofc the whales and billionaires investing heavily in crypto already know this but they need to find a way to get ponzis and retail jabronis to keep wanting to get in.
it really is in dangerous due to the billions invested in crypto. I don't think anyone can claim with certainty what is in store over the next decade with BTC etc.
I have worked for a top global firm in finance and also have friends working at JP Morgan etc.. It's funny that some of the smartest financial minds work for these companies and i've yet to meet anyone in audit, Accounting, IB, deals advisory, consulting at these firms who really entertain crypto.
yet you go on twitter or social media and apparently BTC is a sure fire thing.
The crypto crowd are honestly like a cult. They think they have found magic and anyone not involved is an idiot or doesn't understand how the world works LOL.
The bottom can quite easily fall out and render Crypto useless..
until genuine practicality of coins such as BTC etc are communicated and demonstrated it is a useless speculative investment.
The only way it will retain any value is if it genuinely starts to show tangible and measurable use. Right now it is not.
all this bullchit about it being decentralised, blockchains etc is a cope and just cult like ideas being manufactured to keep interest and demand going.
Ofc the whales and billionaires investing heavily in crypto already know this but they need to find a way to get ponzis and retail jabronis to keep wanting to get in.
it really is in dangerous due to the billions invested in crypto. I don't think anyone can claim with certainty what is in store over the next decade with BTC etc.
I have worked for a top global firm in finance and also have friends working at JP Morgan etc.. It's funny that some of the smartest financial minds work for these companies and i've yet to meet anyone in audit, Accounting, IB, deals advisory, consulting at these firms who really entertain crypto.
yet you go on twitter or social media and apparently BTC is a sure fire thing.
I appreciate well thought out subtle trolling.
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03-07-2024, 08:44 AM
#145
Everything will go to zero eventually, it's the timing that matters. Plenty of currencies have become worthless in my lifetime. Dollars will be worthless someday and so will Bitcoin, but I don't think either will occur anytime soon.
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03-07-2024, 08:44 AM
#146
Originally Posted By iTunesBrah⏩
I work in M&A. Just lol if you think these nerds have above average intelligence. Everyone I work with comes from a well off family and is pretty risk averse. Making a few hundred thousand and fantasizing about working in PE is enough to keep everyone cozy.
Some good rational and logical explanations ITT. Well done boyos.
The crypto crowd are honestly like a cult. They think they have found magic and anyone not involved is an idiot or doesn't understand how the world works LOL.
The bottom can quite easily fall out and render Crypto useless..
until genuine practicality of coins such as BTC etc are communicated and demonstrated it is a useless speculative investment.
The only way it will retain any value is if it genuinely starts to show tangible and measurable use. Right now it is not.
all this bullchit about it being decentralised, blockchains etc is a cope and just cult like ideas being manufactured to keep interest and demand going.
Ofc the whales and billionaires investing heavily in crypto already know this but they need to find a way to get ponzis and retail jabronis to keep wanting to get in.
it really is in dangerous due to the billions invested in crypto. I don't think anyone can claim with certainty what is in store over the next decade with BTC etc.
I have worked for a top global firm in finance and also have friends working at JP Morgan etc.. It's funny that some of the smartest financial minds work for these companies and i've yet to meet anyone in audit, Accounting, IB, deals advisory, consulting at these firms who really entertain crypto.
yet you go on twitter or social media and apparently BTC is a sure fire thing.
The crypto crowd are honestly like a cult. They think they have found magic and anyone not involved is an idiot or doesn't understand how the world works LOL.
The bottom can quite easily fall out and render Crypto useless..
until genuine practicality of coins such as BTC etc are communicated and demonstrated it is a useless speculative investment.
The only way it will retain any value is if it genuinely starts to show tangible and measurable use. Right now it is not.
all this bullchit about it being decentralised, blockchains etc is a cope and just cult like ideas being manufactured to keep interest and demand going.
Ofc the whales and billionaires investing heavily in crypto already know this but they need to find a way to get ponzis and retail jabronis to keep wanting to get in.
it really is in dangerous due to the billions invested in crypto. I don't think anyone can claim with certainty what is in store over the next decade with BTC etc.
I have worked for a top global firm in finance and also have friends working at JP Morgan etc.. It's funny that some of the smartest financial minds work for these companies and i've yet to meet anyone in audit, Accounting, IB, deals advisory, consulting at these firms who really entertain crypto.
yet you go on twitter or social media and apparently BTC is a sure fire thing.
We have clients (business owners) with real money and they're super intrigued with crypto. It's a new asset class with a lot of stigma, uncertainty and speculation behind it. A risk averse individual is not so inclined but people with money to throw around or the "degen" balls to the walls, all or nothing guys are taking the risk.
03-07-2024, 08:51 AM
#147
Originally Posted By truesteez⏩
Risk should always be measured against what you are willing to lose. A billionaire will take risks that every day Americans should never make. For example, the stock market and commodities are far less risk and better suited for a vast majority of people.
I work in M&A. Just lol if you think these nerds have above average intelligence. Everyone I work with comes from a well off family and is pretty risk averse. Making a few hundred thousand and fantasizing about working in PE is enough to keep everyone cozy.
We have clients (business owners) with real money and they're super intrigued with crypto. It's a new asset class with a lot of stigma, uncertainty and speculation behind it. A risk averse individual is not so inclined but people with money to throw around or the "degen" balls to the walls, all or nothing guys are taking the risk.
We have clients (business owners) with real money and they're super intrigued with crypto. It's a new asset class with a lot of stigma, uncertainty and speculation behind it. A risk averse individual is not so inclined but people with money to throw around or the "degen" balls to the walls, all or nothing guys are taking the risk.
Another point is, how many people investing in BTC even have an appropriate amount of savings? So the first rule of finances hasn’t even been met yet. They are jumping over the first 5 or 6 rules of finance, straight to the high risk stuff. It’s like investing in penny stocks using your emergency funds.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
03-07-2024, 09:04 AM
#148
Originally Posted By iTunesBrah⏩
The funniest thing about crypto IMO is that they actually have developed their own quasi sophisticated (but actually retarded) vocabulary, theories, rationale, strategies, etc. If you go deep down the rabbit hole, you'll find potatoes talking about "diversifying" their portfolio with difference wacky categories of chit coins, like gascoin, utilitycoin, etc etc etc.
Some good rational and logical explanations ITT. Well done boyos.
The crypto crowd are honestly like a cult. They think they have found magic and anyone not involved is an idiot or doesn't understand how the world works LOL.
The bottom can quite easily fall out and render Crypto useless..
until genuine practicality of coins such as BTC etc are communicated and demonstrated it is a useless speculative investment.
The only way it will retain any value is if it genuinely starts to show tangible and measurable use. Right now it is not.
all this bullchit about it being decentralised, blockchains etc is a cope and just cult like ideas being manufactured to keep interest and demand going.
Ofc the whales and billionaires investing heavily in crypto already know this but they need to find a way to get ponzis and retail jabronis to keep wanting to get in.
it really is in dangerous due to the billions invested in crypto. I don't think anyone can claim with certainty what is in store over the next decade with BTC etc.
I have worked for a top global firm in finance and also have friends working at JP Morgan etc.. It's funny that some of the smartest financial minds work for these companies and i've yet to meet anyone in audit, Accounting, IB, deals advisory, consulting at these firms who really entertain crypto.
yet you go on twitter or social media and apparently BTC is a sure fire thing.
The crypto crowd are honestly like a cult. They think they have found magic and anyone not involved is an idiot or doesn't understand how the world works LOL.
The bottom can quite easily fall out and render Crypto useless..
until genuine practicality of coins such as BTC etc are communicated and demonstrated it is a useless speculative investment.
The only way it will retain any value is if it genuinely starts to show tangible and measurable use. Right now it is not.
all this bullchit about it being decentralised, blockchains etc is a cope and just cult like ideas being manufactured to keep interest and demand going.
Ofc the whales and billionaires investing heavily in crypto already know this but they need to find a way to get ponzis and retail jabronis to keep wanting to get in.
it really is in dangerous due to the billions invested in crypto. I don't think anyone can claim with certainty what is in store over the next decade with BTC etc.
I have worked for a top global firm in finance and also have friends working at JP Morgan etc.. It's funny that some of the smartest financial minds work for these companies and i've yet to meet anyone in audit, Accounting, IB, deals advisory, consulting at these firms who really entertain crypto.
yet you go on twitter or social media and apparently BTC is a sure fire thing.
For anyone "smart" like @Trusteez is referring to, they throw some who gives a fukk money into dogecoin, forgets about it, when it pumps, cashes out. when it dumps, puts it back in again.
modnegged4life
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03-07-2024, 09:06 AM
#149
Originally Posted By truesteez⏩
Just because something looks extremely lucrative and with the quick promise of fast cash does not necessarily mean it will ever come to fruition.
I work in M&A. Just lol if you think these nerds have above average intelligence. Everyone I work with comes from a well off family and is pretty risk averse. Making a few hundred thousand and fantasizing about working in PE is enough to keep everyone cozy.
We have clients (business owners) with real money and they're super intrigued with crypto. It's a new asset class with a lot of stigma, uncertainty and speculation behind it. A risk averse individual is not so inclined but people with money to throw around or the "degen" balls to the walls, all or nothing guys are taking the risk.
We have clients (business owners) with real money and they're super intrigued with crypto. It's a new asset class with a lot of stigma, uncertainty and speculation behind it. A risk averse individual is not so inclined but people with money to throw around or the "degen" balls to the walls, all or nothing guys are taking the risk.
90% of people investing in crypto will probably lose their money..
I appreciate well thought out subtle trolling.
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03-07-2024, 09:21 AM
#150
The Misc Coin of 2024 has already been determined. Its not BTC or even ETH
Its KILT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Get in before its too late, pure fomo in, roll the dice or regret life.
Srs, Not Srs
Its KILT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Get in before its too late, pure fomo in, roll the dice or regret life.
Srs, Not Srs
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