WelcomeUser Guide
ToSPrivacyCanary
DonateBugsLicense

©2026 Poal.co

1.3K

It was at just under 30k like a month ago and it’s about to hit 50k. Speculators say it’ll go past 100k before the end of 2021.

I’m failing to see the value in holding the coin if the global economy tanks, but maybe one of you guys can enlighten me.

What’s going on? Am I dumb for putting most, (got a little crypto), of my money in assets and commodities instead?

It was at just under 30k like a month ago and it’s about to hit 50k. Speculators say it’ll go past 100k before the end of 2021. I’m failing to see the value in holding the coin if the global economy tanks, but maybe one of you guys can enlighten me. What’s going on? Am I dumb for putting most, (got a little crypto), of my money in assets and commodities instead?

(post is archived)

[–] 5 pts

It's another jew trick. Crypto has no real value, the same as fiat. Nerds will cry about how it is tied to computer processing, but that isn't true.

If you believe shit will hit the fan; best to have hard assets rather than paper saying you own something. Land, seeds, tools, books, etc. "The meek shall inherit the earth" isn't about people being cucks and turning the other cheek. It means those with skills rather than those who chase titles will be in a better position.

Who are you going to want to invite on your farm when shit collapses, a guy that shows up with a wheelbarrow full of gold and silver asking what he can buy, or a guy that come up with a wheelbarrow full of tools and ask what he can do to help.

[–] 1 pt

The meek shall inherit the earth has to do with humble people going to heaven. Meek people today are directly under control of the jews. They can have pretty much anyone killed and no one will do anything for the most part

[–] 2 pts

The quote literally says, inherit the earth. It doesn't mention heaven.

[–] 1 pt

If meek people inherit the earth why are so many people renting ?

[–] 4 pts

It is very simple what is going on...

BITCOIN IS NOT GAINING VALUE! THE US DOLLAR IS LOSING VALUE!

[–] 1 pt

Was gonna say the same thing, othing to do with bitcoin being valuable. Look up a weimar vs gold comparison chart and you will see the exact same trend

[–] 1 pt

The good thing about bit coin the dollar collapsing doesn't mean other countries currency goes bust. U can go to Japan and trade out your bitco8n for yen or what ever jap money they have.

My feeling is jews are heavily infested in crypto and when they destroy America they will be able to get money from other countries... America is dead unless something drastic happens soon

<<<looking at you Qtards>>>

[–] 1 pt

try a mirror.

there is no america

only israel.

[–] 3 pts

Bitcoin is a scam that will be crashed when the fiat currencies collapse!

What we are seeing now is the pump and dump.

Bitcoins value is based on its utility. But that is being eroded away by the increasing need for electricity and processing for each transaction. At some point the cost per transaction will exceed its value and it will crash.

If you want some crypto as a hedge against further precious metals suppression you would do better buying xrp imho.

[–] 2 pts

A thinly traded instrument was bought up last year by institutions who are now running an exit pump on said instrument. The companies and media are working together to hype it up real good so they can grift lots of people out of their money.

They'll probably do it again in a few years after the inevitable crash.

[–] 1 pt (edited )

some fucking retarded bank execs decided it was too good to pass up and believed their fucking teenage son telling them theyre bitcoin millionaires, and basically took ownership of a ponzi thinking they were making the worlds most forward thinking investment.

SOMEONE FORGOT WHAT DUE DILLIGENCE IS. If youre some kind of investment whiz and you somehow missed shit like mt gox or the fact that the entire system shuts down every time someones bitcoin account gets raided (which happens often) you are seriously sucking some heavy lsd laced farts.

this is what happens when you let fucking retards who cried over being in school be safe from bullies. they become unemployable fucking braindead retards that smugly put everyone around them at massive risk of failure, poverty, and death.

[–] 2 pts

really everyone? no one knows why btc is important?

Bitcoin is a foundational blockchain with limited supply--although futures/non-btc bitcoin also exists to circumvent the limited supply of BTC.

blockchain is the basis for the globalist wet dream of an internet of things--IoT

every "thing" will be assigned blockchain values to be tracked through various systems, your car, dishwasher, your smartclothes, your digital stylus, etc. Bitcoin is kind of like an operating system for IoT and even if the Great Reset fails and the NWO eat their fucking dicks blockchain will continue to evolve in both sophistication and integration into everyday life

tl;dr blockchain enables tracking every single fucking thing across a distributed ledger. it is a globalist wet dream and has actual value.

edit: also, the petrodollar is fucking dead so a global crypto is the obvious next step

[–] 0 pt

thats a lot of words for 'worthless scam'

Ilon Musk just bough $1 Billion of Bitcoin. This is why the price is going up.

[–] 1 pt (edited )

There is more demand for people/institutions who want to buy it than there is a supply of bitcoin from people who are willing to sell it. The buyers have to offer more and more money in order to convince someone who has some to sell it to them.

I don't follow bitcoin that close but I've heard there's been increasing interest recently from institutional investors. Elon Musk announced that Tesla had bought a bunch of bitcoin the other week. Since it trades secretly there is also always the possibility that it is being manipulated by institutional investors who are trying to create a bubble so they can cash out at a high price.

[–] 1 pt

much like physical gold, if all other money goes away, then gold, and (I will say "supposedly") bitcoin as non inflationary (gold) and deflationary (BTC) currency will at worst keep their value compared to anything else.

When all fiat (non gold backed) money goes away (I saw an interesting pic of Venezuelan currency laying in the streets like trash recently) becomes worthless, the idea that Gold is not easy to just pick up any more, and that BTC is limited in supply by its algorithm, maintain scarcety.

Now, if everyone decides that GOLD and/or BTC are no longer valuable either, that they prefer bananas as currency? then I gotta shrug.

[–] [deleted] 2 pts

But if all other money goes away, that would indicate a major crash, right? A crash that size would affect more than currency, it would affect the whole internet grid. How does crypto still work, without internet?

[–] 1 pt

I would also like an answer to this. No internet, no way to collect on your e-bucks.

[–] 0 pt

if that happens, we will be trading with bottle caps. :joy:

  • I do agree with you though. however for real life scenario, look at Venezuela again. they ARE using crypto instead of fiat, because it works for them.

Oh, and when I say BTC/Bitcoin, I mean any self sustaining crypto currency.

I do not have all the answers to all the questions, but like any investment, or hedging (for want of a better term) against future catastrophe, many eggs, many baskets.

if I were advising my child? I would say get some gold, get some land, get some crypto, get a gun, grow food, meat, self sufficiency and good security at the house that does not require power to run.

Do I follow this? no, it is hard.

Best thing would be to make a community of people that can do all of this now, and localize your economy. then there is no real reliance on external fiat or otherwise.

I do it now, where I need feed for my animals? local fodder store provides it free, while I provide him with services I provide.

But Venezuela still has access to the internet right?

I agree, not a bad idea to diversify your portfolio, and crypto is a good way to do that. But its still gambling that the system doesnt collapse.

Becoming self sufficient is definitely the way to go...I just wonder how long our new communist government will allow it.

[–] 0 pt

how you gonna trade your electronic coins with no electricity.

'oh ill pay you later on... im a bitcoin millionaire!'

'nigger youve been telling me that for years, the power went off a decade ago, what you got thats valueable?'

'ive got this laptop, its got *aaaaaaaaaaaaaaaall of my bitcoin on it'

'.... are you retarded?'

'.... block.... chain?'

lol yep, but there will still be some dumbasses willing to trade images of BTC.

Just like with any gamble...gotta know when to get out.

[–] 0 pt

No one is going to use something that rots away as a currency though. I can understand the argument that bitcoin has properties superior to gold as money, namely that a crypto wallet is more difficult to steal by force and wealth can travel internationally with lower friction but it doesn't have the history of money use that gold does. Bitcoin is a brand with no inherent properties that can't be replicated in a different coin other than the momentum of sentiment

[–] 1 pt (edited )

Crypto "currency" was designed to be a currency but instead is nothing more than a speculative financial instrument.

The USD valuations of Bitcoin, in my opinion, is nothing more than a bellweather for USD inflation because of the increase in the money supply over the last few years.

Is it good to have as a hedge to protect a portion of your wealth? Sure. Should you buy now? No. Whatever high it reaches once the momentum wears off will be due for a 50% retracement over the next few months/years. (Although I don't think the USD has years left, maybe 2 lol)(Also, hyperinflation hit Weimar Germany in 1922, so theres a bit of numerology in the date if that's your thing.)

Chances are good the valuation of Bitcoin in USD is going to the moon as our currency becomes worth less due to the inflation caused by Feds printing press. But there is a catch. There are no such thing as free markets in modern America. With the stroke of a stroke victims pen regulations could be set in place to determine how it can be used and how you can use it. All of corporate America, or at the very least the controllers of the net (FANG and so on), walk in lockstep with each other. Crypto could be outlawed and ISPs could shut that shit down harder than china. So theirs that.

One thing I've found is to stop hoping for the world to be better and just accept it for what it is. If you've got a bit of risk capital floating around. I wouldn't have a portfolio without some sort of Crypto in it. Human psychology is a hell of a thing.

EDIT:

I reflected on my post and my thoughts about the potential of decentralized digital currency. All things have growing pains but if cryto was adopted in such a fashion, as to not rely on the system in order to be in circulation, I think it would, once and for all, break the jewish money power of the world.

I owned some at 20. Not 20K, $20. I sold at $70. So fuck you with your bitcoin questions.

(just kidding, it's a sore subject)

[–] 1 pt

I refuse to invest in anything I don't understand. Assets have intrinsic value and always have. Paper certs only matter if you can get assets for them.

[–] 1 pt

ask any bitcoin expert what the value of the coin is and all you get is regurgitation about how good the blockchain is and how its the future.

ask them why it is that way they just repeat the same thing. 'what is the blockchain' '... its the blockchain, you idiot' 'but what is it' 'did i fucking stutter?'

the 'experts' are just repeating what the scammers they gave their money to hoping people around them are dumber than they are and will take it off their hands... the actual money that may have originally been in BTC was converted back to cash a fucking decade ago and those people are sunning it up on a beach sipping pina colada completely anonymously as per their very successful scam. they got out.

the current people pushing it are the second or third tier of 'victim' now trying to scam others to bail themselves out.

Load more (9 replies)