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330

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[–] 2 pts

meh.

if i had been mining bitcoin with free electricity in my dorm room in the late oughts, and survived mt. gox, id probably be close to a billionaire.

now? i would stay away. bought some eth around 2017, it basically lost value consistently over next couple years. sold it finally, broke even, had to file a bunch of extra paperwork with my tax returns. too much a pita unless you trade it regularly.

[–] 2 pts

Investing in btc is like wishing for the enslavement of your grandchildren

[–] 2 pts

I'm pretty sure it's the future

[–] 2 pts

Worthless imo.

And yes fiat and cash are both gay and useless too, but at least it has some legal backing.

I turn any currency I have into things, because things exist.

[–] 2 pts

Blockchain currencies, or mathematically based currency is the only alternative we know of now that will survive the rare metal mining of asteroids in the future.

It's like websites in the 90s, most cryptocurrencies will go to zero. While some will make people millionaires/billioniaires.

I've made about 50k from crypto trading FYI.

[–] [deleted] 2 pts

I've made about 50k from crypto trading FYI.

How much did you start with. Was it luck or skill? What books/vids/etc do you recommend to actually profit. Most of the guides give you feel good advice but very little meaningful guaranteed results. What's yours?

[–] 0 pt

I started with $1500

The only rule is buy low, sell high. I just read crypto news everyday and acted accordingly.

Yeah but what is "low" vs "high" - what is low could be a high etc.

[–] 1 pt

I really think that the rare metal mining of asteroids is so far into the future, that it is not worth wasting time taking that into account. It will not happen in our lifetimes.

I like cryptocurrency because it's out of the government's control, but it is not yet at the point where the average person can use it easily and securely. So far, it's mostly being used for speculation, it seems, as you have done (successfully, apparently!).

Governments don't like crypto so I think I would like it for that reason alone, if for no other.

[–] 0 pt

Crypto is great as a currency (not money, store of value). There's no third party that's promising something inside a vault somewhere, so the value is entirely based on its non-physical characteristics. You can own crypto without the need for any physical object under your control (just a memorized recovery phrase). It entirely bypasses countries trying to prevent you from moving value across its border.

[–] 2 pts (edited )

To train you to embrace CBDC. Get everyone familiar with the concepts of cryptocurrency, make you partially dependent on them, then start to make them increasingly difficult to use as CBDC is introduced.

[–] 2 pts

A decentralized currency is genius. We should embrace the decentralization principle moving forward to prevent censorship by central authorities.

[–] 2 pts

I was more optimistic about it years ago but once I saw that the vast majority of its usage was simply for speculation it became obvious that its sole purpose was simply to allow a handful of whales to basically milk your average investor with pump and dump tactics.

The boom in altcoins and NFTs was basically just a move to allow people with smaller bank rolls than the few whales to basically do the same thing to your average "investor".

Right now there's lots of opportunity to make a quick buck if you have the bank roll and time to play the markets but still always a huge risk if your not in the right circles because the bottom of any coin can drop out at any moment based solely on the whims of the largest stakeholders in that coin or NFT. The risk/reward ratio is fair in general but the risk itself still remains so high that I wouldn't touch it myself... I don't have the liquidity or free time... not even close. Most people don't either so they're just suckers if you ask me.

When crypto in general becomes more widely adopted for daily transactions we will see a collapse and consolidation. Today we basically have thousands of coins and NFTs and this is in no way sustainable. At some point once governments create and back their own coins you will see 99% of current coins disappear basically overnight. Bitcoin and Ethereum will likely survive this transition as will a few other coins possibly but I wouldn't assume for certain any of this... they could very well nuke all coins.

The concept and idea of crypto is sound, but like anything created by man. It is either used for extreme good or extreme bad. If more people understood what it takes to use it properly and escape the control of the IMF/Rothchilds it would have been something truly great. At this point its clear we've missed the mark... too many idiots out there, and the path has been set that this will just be another tool for our enslavement into the future just as FIAT currencies before it.

[–] 2 pts (edited )

Quantum computing can crack the entire thing is seconds.

Bitcoin is the one that doesn’t have a centralized system making near impossible to seize.

Volatile right now. Will take time to balance as it gains traction.

Probably our best option to stop the money printer. Bitcoin is finite. All good currency should be based on a limited resource. Turn off the money printer.

We injected 1 trillion dollars in the the economy should never be said.

Can send you the epub if needed.

[–] 2 pts

Send it faggot

[–] 1 pt

Same as Peter Schiff's.

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