Fkn LOL...China announces crackdown on crypto. Coincels go crazy.

Market absolutely gets MOGGED.


Brb China has announced crackdowns back in 2013 and 2017.

Brb China buying at the dip.

Expect another crackdown in 4 years.

China is smarter than the US.

We should have banned them long ago. As political and incompetent as central banks are, they are still necessary to maintain our standard of living. Crypto threatens that status quo and therefore our way of life.

Inb4 negs from people who believe in the international Jewish conspiracy.

China didnt ban them though...thats the point. Every few years they come out with this "tightening regulations" spiel which causes the market to dip....then they buy it up for the low.

Tours over coincels

https://cryptoslate.com/a-4chan-insi...-led-shakeout/

This is bigger than China.

banning crypto will just increase the peer to peer transactions. Same chit happened in other crap countries. See india for example. Usage jumped about 70%

Anyways, the central banks are planning to issue their own crypto that will obviously be inflationary.

This is the same chit we went through when the internet/phones/any new tech was being developed. Banks are issuing loans on the blockchain already. The coins are the incentive behind the development. Keep coping no-coincels. Institutions are buying this dip and teams at major IB's are being built out as we speak. Bump this in July/Aug/Sep. ded fkn srs.

that's game for doge coincels

Just because the technology advances, doesn't mean there are massive profits to be made.

We've seen this before in other bubbles like airlines, railroads, the dot-com boom, radio, conglomerates, the South Sea bubble and more. I suspect in the next 10 years we will see it in EVs and renewables.

A new technology can take over the world and the investors still lose their money. It's very common.

Can you post more info on this?

The whole point of cryptocurrency is to cuck the current central planning banking system

Lol, Crypto will be around for the long term whether you like it or not.

What about the meme & chit coins? Maybe.

I love when people who know nothing about crypto try to talk it down. You literally can't stop crypto at this point. Stupid Doggie ones, sure.... but if we are talking about the top 10....BTC, ETH, ADA....no chance.

What about people who do know a lot (and probably a lot more than you) about crypto and do think a lot of the top 10 or top 20 coins can and eventually will be stopped?

I just wanna be able to buy a top tier GPU without giving up a kidney. Is that too much to ask?

rip coincels. i lost 5k USD on my crypto back in 2018
my friend became a multi millionaire by buying an altcoin for 10k USD in 2018 and HODLING until now (he has yet to cash out though)

4chan predicts everything even if it doesn't happenI love when some autistic shill showing his toy off tries to explain crypto to someone who didn't fail basic economics and works in Computer Science.

Take my test to find out how much you really know about crypto.

https://forum.obnoxiousbrutes.com/showt...post1639087213

My guess is, not much.

Miscers blind to elite tech manipulating the narrative of the world


NicolasCageLaughing.gif

-central banks control money supply. They can print and dilute you with the click of a button it's called the M1 money supply. Since February 2020 the M1 money supply increased around $13-14 trillion.
-13 trillion worth of bonds are now negatively yielding. Crypto market cap is 2 trillion. You don't think the rich ****s are going to move their negatively yielding money? They just don't log into coinbase to do it though, they have to wait for their daddy banks to click the buttons for them...see my point in my last post. This is right around the corner and many on this forum know I worked for bb Ib's. I'll leave it at that. Higher taxes will hit dividend stocks, they won't go there.
-gold inflates at 2% you can mine this. Crypto is 0 assuming you choose the right projects with fixed supplies. That's how they were created, with this in mind. Read up on blockchain/Defi.
-Why stick with a system that cuts your purchasing power every time some boomer wants to hit the money printer to cover their dirty tracks? Exactly.
-Now let's talk money velocity. Speed at which money changes hands. Bigger M1 supply multiplied by velocity of opening economy means your money in the bank is worth nothing.
-Now you can cut out the middle man since you realize that the bank is inefficient. No more banks. You're your own bank with btc. With ether, you can be your own lender, lendee, exchange and with smart contracts you can even cut out relators and any other middle man. Create a smart contract on your house and let the bids come in. If then, then that logic will be the foundation of the contracts. You literally don't have to do chit but some basic admin work. The rest will be secure, encrypted and automated. No one can get on the chain and disrupt it. But truesteez what if some cuck on the block chain doesn't pay me my interest? or loan? Guess what, they will be liquidated thanks to smart contracts and collateralized protocols and you'll get their funds. Easy. Same with people in the creative space. NFT's allow artists to control their own rights which will encourage better work.

Small minded smooth brains don't see the future. This is quite literally the most exciting time for us. And judging by the ages on this forum, the most revolutionary time in your lives. ded fkn srs.

Sorry for the wall, I can do a post on this and make it more formal if enough demand

This. Have you read the software? The technical documents? Do you know what Bitcoin shills are promising it can do and what it can actually do?

What is going on with Doge ? sister bought $1000 worth, is she fukt ? Will she ever recoup that money ?

Should have got ETH

Sorry for her loss but why on god's green earth would you dump even a Nickle into that worthless token? It has no utility, no governance and an unlimited supply among other red flags. It's almost as chitty as ripple.

Consider it the cost to realize that elon and the rest of the public figs don't care about you. It's not regulated by the SEC so they can pull this. Pump and dump of piss.

your sister is retarded srs she was about 3 months late to the party

hate to see these dips. I would have loved to see some really nice gains at the end of this bullrun to take some profit end of year.

Lmao I saw this video too