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View Full Version : bitcoin has fallen like 25,000$USD in 2 months lmao



HunterSThompson
01-07-2022, 11:27 AM
how stupid do you crypto arena f*ggots feel right now


:roll:


https://youtu.be/-DT7bX-B1Mg

every 2nd commercial I see is for crypto shit. biggest scam going after covid boosters and variants

Patrick Chewing
01-07-2022, 11:55 AM
you don't understand crypto. btc>>>>the jewish banking system

seasonal price fulctuations. i'll bump this thread when it gains back that 25K and surpasses it's all time high.

crypto isn't even real money. What the hell are you buying when you buy cryptocurrency??

HunterSThompson
01-07-2022, 11:57 AM
you don't understand crypto. btc>>>>the jewish banking system

seasonal price fulctuations. i'll bump this thread when it gains back that 25K and surpasses it's all time high.

that's the scam though you f*cking idiot and you don't even realize it.

of course it's gonna go back up. it's a pyramid scheme. the people at the top control the price fluctuations and get all you bottom feeders to pump your money in when they invest 20 million to send it up. you all pump their 20 million up to 30 million and they sell everything.. then POOF all your money's gone again.

highwhey
01-07-2022, 12:02 PM
that's the scam though you f*cking idiot and you don't even realize it.

of course it's gonna go back up. it's a pyramid scheme. the people at the top control the price fluctuations and get all you bottom feeders to pump your money in when they invest 20 million to send it up. you all pump their 20 million up to 30 million and they sell everything.. then POOF all your money's gone again.

it's a cycle. mouthbreathers like yourself make these threads like clockwork when the price hits a low, what you don't realize is bitcoin's ATH was once 40k, what it currently is right now. but you also are nowhere to be seen when it hits an ATH.

plenty of people are happy with it, because they purchased way before it was 65k. i'm sure we'll see a new ATH price this year, like we've seen pretty muche very year. next year you'll make a thread "BTC just lost 20k, currently at 65k/coin"...and you're too stupid to look at the net value of the coin relative to time.

keep your sheckles bitch.

highwhey
01-07-2022, 12:07 PM
crypto isn't even real money. What the hell are you buying when you buy cryptocurrency??

and your posts on this forum are just 1 and 0's stored on a server you'll never ever see in person. yet you continue to post on here. and billions of people continue to use the internet. and data centers continue to make their owners a shit ton of money for providing a room in which people store their servers...all to process 1's and 0's. if you need me to explain to you the inherit value of the internet and digital assets, i would be wasting my time.

the biggest banks in the world and legislators wouldn't scoff at crypto if it wasn't a legitimate asset that threatened their way of life, yet it continues to be a hot topic of debate and interest (and concern for banks).

JohnnySic
01-07-2022, 12:08 PM
Crypto is a flat out scam. Yes, you can make money off it if you make timely trades. But its still a scam.

highwhey
01-07-2022, 12:13 PM
zelle, paypal, venmo...every single instant mobile pay app is now required to report any transaction of $600 or above, and that limit isn't per transaction, it's cumulative so there is no work around for payments that are you trying to keep under the radar.


enter crypto. the zero trace instant payment transfer that you can keep secret. no way for uncle sam to stick their nose into your BUSINESS. in an ever increasing freedom encroaching world, crypto offers you a way to keep your money, internet, contracts, etc private.

the possibilities are endless. shit, there's a coin that is anti-inflationary FFS :oldlol:

look are the value of the dollar since the pandemic began, it's value has decreased and continues to do so. it's on the way out. Venezuela 2.0

HunterSThompson
01-07-2022, 12:18 PM
it's a cycle. mouthbreathers like yourself make these threads like clockwork when the price hits a low, what you don't realize is bitcoin's ATH was once 40k, what it currently is right now. but you also are nowhere to be seen when it hits an ATH.

plenty of people are happy with it, because they purchased way before it was 65k. i'm sure we'll see a new ATH price this year, like we've seen pretty muche very year. next year you'll make a thread "BTC just lost 20k, currently at 65k/coin"...and you're too stupid to look at the net value of the coin relative to time.

keep your sheckles bitch.

how do you think my grandfather made millions later in life. he was a retired airforce major that got into freemasonry and became a grandmaster. the reason they only let in people with a lot of money is so they can exchange information to other wealthy people to manipulate markets in all areas. same as what's going on right now with the vaccine industry. it's all about making money.

if you don't have any kind of insider info on when to buy and sell then you're a blind chimp basically and you're just gonna end up losing your money. market trading is about buying and selling. the market fluctuates up and down for a reason. it's the only way to make money fast. no rich person just sits on a volitile investment. only slow moving minor increases are dependable enough to hang onto for an extended period of time. ones like bitcoin are manipulated by the top investors to steal money from the poor. you're an absolute f*cking moron for not figuring this out yet.

https://i.ibb.co/3d6kw8T/Screenshot-20220107-112022-Facebook.jpg

highwhey
01-07-2022, 12:25 PM
how do you think my grandfather made millions later in life. he was a retired airforce major that got into freemasonry and became a grandmaster. the reason they only let in people with a lot of money is so they can exchange information to other wealthy people to manipulate markets in all areas. same as what's going on right now with the vaccine industry. it's all about making money.

if you don't have any kind of insider info on when to buy and sell then you're a blind chimp basically and you're just gonna end up losing your money. market trading is about buying and selling. the market fluctuates up and down for a reason. it's the only way to make money fast. no rich person just sits on a volitile investment. only slow moving minor increases are dependable enough to hang onto for an extended period of time. ones like bitcoin are manipulated by the top investors to steal money from the poor. you're an absolute f*cking moron for not figuring this out yet.

well no shit it's manipulated. you can still earn money by holding it long term, because it's shown to increase in value every single year without fail. you're looking at this like it's a short term investment, it's not.

highwhey
01-07-2022, 12:27 PM
how do you think my grandfather made millions later in life. he was a retired airforce major that got into freemasonry and became a grandmaster. the reason they only let in people with a lot of money is so they can exchange information to other wealthy people to manipulate markets in all areas. same as what's going on right now with the vaccine industry. it's all about making money.

if you don't have any kind of insider info on when to buy and sell then you're a blind chimp basically and you're just gonna end up losing your money. market trading is about buying and selling. the market fluctuates up and down for a reason. it's the only way to make money fast. no rich person just sits on a volitile investment. only slow moving minor increases are dependable enough to hang onto for an extended period of time. ones like bitcoin are manipulated by the top investors to steal money from the poor. you're an absolute f*cking moron for not figuring this out yet.

https://i.ibb.co/3d6kw8T/Screenshot-20220107-112022-Facebook.jpg

what did his grandmaster role entail? like is it just meeting with other masons and chatting with them or did they actually engage in illicit activities?

Patrick Chewing
01-07-2022, 12:33 PM
and your posts on this forum are just 1 and 0's stored on a server you'll never ever see in person. yet you continue to post on here. and billions of people continue to use the internet. and data centers continue to make their owners a shit ton of money for providing a room in which people store their servers...all to process 1's and 0's. if you need me to explain to you the inherit value of the internet and digital assets, i would be wasting my time.

the biggest banks in the world and legislators wouldn't scoff at crypto if it wasn't a legitimate asset that threatened their way of life, yet it continues to be a hot topic of debate and interest (and concern for banks).

Can you hold crypto in your hands? If you can't, then it isn't real.

HunterSThompson
01-07-2022, 12:34 PM
well no shit it's manipulated. you can still earn money by holding it long term, because it's shown to increase in value every single year without fail. you're looking at this like it's a short term investment, it's not.

here's the problem. 90% of people don't invest long term. they sell the minute they start losing money.

and with something like bitcoin where people will start losing faith in it the bubble eventually bursts when the rich don't see any more potential to steal from the poor and they all move onto the next big thing. then your money is wiped out completely

why do you think all these other cryptos are flooding the market. it's a fire sale. they're all trying to get it on the action before it bursts. it's not a new and exciting thing anymore. it's becoming ordinary and untrustworthy. people are becoming skeptical with every new joke currency like dogecoin that pops up as well. this shit won't be around in 5 years. it will be known as the crypto bubble disaster. it will migrate to a government owned more stable currency that is 100% traded online and through phones and it will be taxed and secured by banks. people will get more value for it by switching over to get rid of printing so much money. plus it's a better way to track people's spending and seize money. the less paper money the less illegal stuff can go on

highwhey
01-07-2022, 12:40 PM
Can you hold crypto in your hands? If you can't, then it isn't real.

yes, you can.

https://www.investopedia.com/thmb/qL7t2w_QZ4U9N9HSDlGoAQh9eNU=/1920x1080/filters:fill(auto,1)/image-stylishwork-ledgernano-5a019e3298020700370ac52b.jpg

i don't even carry cash on me.

highwhey
01-07-2022, 12:42 PM
here's the problem. 90% of people don't invest long term. they sell the minute they start losing money.

and with something like bitcoin where people will start losing faith in it the bubble eventually bursts when the rich don't see any more potential to steal from the poor and they all move onto the next big thing. then your money is wiped out completely

why do you think all these other cryptos are flooding the market. it's a fire sale. they're all trying to get it on the action before it bursts. it's not a new and exciting thing anymore. it's becoming ordinary and untrustworthy. people are becoming skeptical with every new joke currency like dogecoin that pops up as well. this shit won't be around in 5 years. it will be known as the crypto bubble disaster. it will migrate to a government owned more stable currency that is 100% traded online and through phones and it will be taxed and secured by banks. people will get more value for it by switching over to get rid of printing so much money. plus it's a better way to track people's spending and seize money. the less paper money the less illegal stuff can go on

the shitcoins are definitely scams. and you're right, a lot of newb investors panic sell once the price dips. but they come back...the general trend has show btc is increasing in value over the long term. i don't think a government coin is going to be bigger than BTC. people value the privacy of BTC. money laundering, illegal payments, etc...will always have a place and the government has only made it more difficult to do that with fiat currency, so BTC definitely has its place.

HunterSThompson
01-07-2022, 12:44 PM
what did his grandmaster role entail? like is it just meeting with other masons and chatting with them or did they actually engage in illicit activities?

mainly they just do meetings and read from books. it's dull Boring stuff like rituals. it's just a club. you create friendships and trust with other elites. they get word from someone when and what to buy and sell. it all trickles down from the top from people they never even meet. it's branches/connections that come all the way down from bilderberg type meetings from the world's elite. they let an insider know what's taking place over the next few years and that info goes to the next highest. then the next highest group etc.. and my grandfather's Mason group would have probly been at the very bottom. the grandmaster is just like a speaker for the house type role.

HunterSThompson
01-07-2022, 12:48 PM
the shitcoins are definitely scams. and you're right, a lot of newb investors panic sell once the price dips. but they come back...the general trend has show btc is increasing in value over the long term. i don't think a government coin is going to be bigger than BTC. people value the privacy of BTC. money laundering, illegal payments, etc...will always have a place and the government has only made it more difficult to do that with fiat currency, so BTC definitely has its place.

bitcoin will be diluted. it could lose 90% of its value tomorrow if a major corporation like Walmart or Amazon suddenly said they were accepting a competitors crypto. the problem with bitcoin is they don't own the patent to crypto. a newer better safer more accessible option is always around the corner

Patrick Chewing
01-07-2022, 12:52 PM
yes, you can.

https://www.investopedia.com/thmb/qL7t2w_QZ4U9N9HSDlGoAQh9eNU=/1920x1080/filters:fill(auto,1)/image-stylishwork-ledgernano-5a019e3298020700370ac52b.jpg

i don't even carry cash on me.

Amigo, that's a piece of plastic with a digital screen in your hand.

Show me the money!

highwhey
01-07-2022, 12:53 PM
mainly they just do meetings and read from books. it's dull Boring stuff like rituals. it's just a club. you create friendships and trust with other elites. they get word from someone when and what to buy and sell. it all trickles down from the top from people they never even meet. it's branches/connections that come all the way down from bilderberg type meetings from the world's elite. they let an insider know what's taking place over the next few years and that info goes to the next highest. then the next highest group etc.. and my grandfather's Mason group would have probly been at the very bottom. the grandmaster is just like a speaker for the house type role.

that sounds pretty cool to be a part of. been looking for a networking type of group to join.

highwhey
01-07-2022, 12:56 PM
bitcoin will be diluted. it could lose 90% of its value tomorrow if a major corporation like Walmart or Amazon suddenly said they were accepting a competitors crypto. the problem with bitcoin is they don't own the patent to crypto. a newer better safer more accessible option is always around the corner
btc just has too much momentum because it was the first. i think we've seen time and time again of an inferior product or company/service succeed just because they were first to the party. we've seen other alt coins with faster transfer speeds, but they have not even come close to topping BTC in terms of market share. BTC continues to be the leader by a significant margin. etherum is arguably better and more advanced/diverse, yet it's only half the market share of BTC.

highwhey
01-07-2022, 01:00 PM
Amigo, that's a piece of plastic with a digital screen in your hand.

Show me the money!
this is the future old man, accept it.

people were hesitant to shop online because they had never done it. no way could an online retailer replace physical retail stores.



jeff bezos is laughing all the way to the bank (and Space)

coin24
01-07-2022, 01:00 PM
Said it was a ponzi from day one.. only stupid fu*ks believe all the bs narratives, however it’s easy to make money on quick turnarounds.
Wouldn’t be leaving any large amounts in long term that’s insane

We will all be moving to a digital currency soon but it will be a govt controlled one

Patrick Chewing
01-07-2022, 01:01 PM
And how do you buy crypto? With real money.

Patrick Chewing
01-07-2022, 01:12 PM
Millennials holding on to fake money while real bosses like me and the rest be playing with real dollar bills ya'll

https://i.makeagif.com/media/12-21-2015/pXxSop.gif


Someone photoshop highweight's face on that jobber on the mat please.

Off the Court
01-07-2022, 01:36 PM
Real actual value is completely determined by what other humans are willing to pay. Sports cards are nothing more than cardboard and can go for millions. Artwork has no actual real world use other than decoration and can command astronomical amounts of money. There was an NFT which is just a digital image that recently sold for $69 Million.

For the most part precious metals and fine gems have as much real world use as crypto although gold can be used in electronics. Cryptocurrency will hold real value until there is no one on the planet willing to buy it. Maybe that time will come but it isn't coming anytime soon.

TheCorporation
01-07-2022, 01:44 PM
it's a cycle. mouthbreathers like yourself make these threads like clockwork when the price hits a low, what you don't realize is bitcoin's ATH was once 40k, what it currently is right now. but you also are nowhere to be seen when it hits an ATH.

plenty of people are happy with it, because they purchased way before it was 65k. i'm sure we'll see a new ATH price this year, like we've seen pretty muche very year. next year you'll make a thread "BTC just lost 20k, currently at 65k/coin"...and you're too stupid to look at the net value of the coin relative to time.

keep your sheckles bitch.

+1 Kenny's a boomer with no educational background and it shows

BTC will likely reach $80,000 in 2022 while Kenny will be shouting at clouds

TheCorporation
01-07-2022, 01:46 PM
Can you hold crypto in your hands? If you can't, then it isn't real.

Can you hold Apple stock? Google? Don't be naive Patrick. Not all investments are tangible.

TheCorporation
01-07-2022, 01:49 PM
bitcoin will be diluted. it could lose 90% of its value tomorrow if a major corporation like Walmart or Amazon suddenly said they were accepting a competitors crypto. the problem with bitcoin is they don't own the patent to crypto. a newer better safer more accessible option is always around the corner

You're painfully uneducated about crypto and should not be speaking about it. BTC doesn't have a direct crypto competitor because nothing else is like it. And companies have already announced they would accept other types of crypto such as DOGE, ETH, SHIB, etc which would not hurt BTC's acceptance but help it. Adoption helps crypto/BTC it does not hurt it. Pick up a book and finish it. The problem with people like you that don't finish College is you never finish anything. You have no discipline. You read one three-minute article on crytpo and now you're ready to share your 'wisdom' which is what a loser does.

Become more disciplined. Finish something. Accomplish something.

Patrick Chewing
01-07-2022, 01:54 PM
Can you hold Apple stock? Google? Don't be naive Patrick. Not all investments are tangible.

I can most certainly hold a certificate. Something tangible.


https://uniquestockgift.com/image?filename=product_image/65067986-da7c-495d-972a-90515a31d8c8.jpg


http://patrickandmonica.net/uploads/images/google1024.jpg


Where is bitcoin? In the Matrix? In the air? Serious questions here.

j3lademaster
01-07-2022, 02:37 PM
You're painfully uneducated about crypto and should not be speaking about it. BTC doesn't have a direct crypto competitor because nothing else is like it. And companies have already announced they would accept other types of crypto such as DOGE, ETH, SHIB, etc which would not hurt BTC's acceptance but help it. Adoption helps crypto/BTC it does not hurt it. Pick up a book and finish it. The problem with people like you that don't finish College is you never finish anything. You have no discipline. You read one three-minute article on crytpo and now you're ready to share your 'wisdom' which is what a loser does.

Become more disciplined. Finish something. Accomplish something.TheCorporation actually understands this shit. Lol at the thought of another crypto coming in and wiping out existing crypto overnight. Different forms of crypto existing wouldn't be any different as multiple currencies for different countries existing with a fluctuating exchange rate. What if Walmart and Amazon decided to stop accepting bitcoin? What if they decided to stop accepting the dollar? It drops in value to a point where investors decide to pick it up and raise its value again. And why would Walmart and Amazon do that, it would only hurt themselves lol.

Some of these posts I'm reading. good lord. CME literally owns the entire Dow Jones, ya'll don't think stocks get manipulated?

HunterSThompson
01-07-2022, 02:46 PM
Real actual value is completely determined by what other humans are willing to pay. Sports cards are nothing more than cardboard and can go for millions. Artwork has no actual real world use other than decoration and can command astronomical amounts of money. There was an NFT which is just a digital image that recently sold for $69 Million.

For the most part precious metals and fine gems have as much real world use as crypto although gold can be used in electronics. Cryptocurrency will hold real value until there is no one on the planet willing to buy it. Maybe that time will come but it isn't coming anytime soon.

the difference between sports cards and crypto is there's only one or 2 major brands at a time and you hold onto your investments or store them in a bank and theyre insured. the grading companies have every purchase registered to accounts and has pictures to prove what you're buying isn't a forgery. there are fakes but only morons fall for them. there's also a licensing deal with pro sports clubs to only do business with them. if a 3rd party company like Leaf pops up or panini tries doing baseball without the licensing agreement then they have to air brush the team logos out of the pictures.

its not a volitile industry either. stuff goes up and down and slow rates.

if you buy unproven guys then it's possible their stuff can fluctuate at extremes but that's the risk. part of investing is knowing the sport. which is another reason bitcoin is infinitely more dangerous because most people investing in it don't know shit about it. I can monitor a players progress and their fan support. you never know when bitcoin will rise and fall. that's manipulated by millionaires. you're investing blindly.

highwhey
01-07-2022, 03:42 PM
Can you hold Apple stock? Google? Don't be naive Patrick. Not all investments are tangible.

excellent point.

HunterSThompson
01-07-2022, 04:07 PM
excellent point.

apple and Google aren't even remotely like a bitcoin investment

those companies shares when sold go to other investors and the C.E.Os own most of them. if they were bought out they would make money. theyre not gonna sell for less than what they paid and tank everyone's investments. not unless they were failed companies and neither are gonna fail any time soon

with bitcoin when you sell your investments the share values are recouped by devaluing everyone else's money. so only that one person's shares made a profit. it's like the complete opposite of real stocks.

its like with the body armor purchase. they sold their stock to coke and people made hundreds of millions from it. imagine if it was like bitcoin and kobes partners sold all their shares to coke and only they made money while kobes stock tanked into oblivion. that's bitcoin lmao

TheCorporation
01-07-2022, 04:41 PM
apple and Google aren't even remotely like a bitcoin investment

those companies shares when sold go to other investors and the C.E.Os own most of them. if they were bought out they would make money. theyre not gonna sell for less than what they paid and tank everyone's investments. not unless they were failed companies and neither are gonna fail any time soon

with bitcoin when you sell your investments the share values are recouped by devaluing everyone else's money. so only that one person's shares made a profit. it's like the complete opposite of real stocks.

its like with the body armor purchase. they sold their stock to coke and people made hundreds of millions from it. imagine if it was like bitcoin and kobes partners sold all their shares to coke and only they made money while kobes stock tanked into oblivion. that's bitcoin lmao

No. Stop posting about things you know painfully little about. Stick to Kobe memes. CEOs do not own most of them.

Musk is considered high @ 20% of Tesla
Bezos is @ 11% of Amazon
Zuck is @ 16% of Facebook
Hastings is @ 2.6% of Netflix

As for understanding a Buy and Sell price of stocks. Again, you're painfully misinformed. Stick to Kobe memes.

TheCorporation
01-07-2022, 04:44 PM
And saying it has fallen "$25,000 USD" means nothing and is inaccurate.

If BTC was trading at $100,000 and fell by $25,000 then that would be (-25%)

That would be same as a stock falling $2.50, from $10 to $7.50 (-25%)

But you knew that...Right?

You're like the guy that goes, man, if we could just get this penny stock up to $1 we'd be rich.

Yeah, that's because you're asking for a 100x on your investment which is extremely rare. That's the same as hoping for a $100 stock to rise to $10,000/share. Both are very hard to do but simple minds like you think the penny stock to $1 is "ez."

highwhey
01-07-2022, 04:53 PM
And saying it has fallen "$25,000 USD" means nothing and is inaccurate.

If BTC was trading at $100,000 and fell by $25,000 then that would be (-25%)

That would be same as a stock falling $2.50, from $10 to $7.50 (-25%)

But you knew that...Right?

You're like the guy that goes, man, if we could just get this penny stock up to $1 we'd be rich.

Yeah, that's because you're asking for a 100x on your investment which is extremely rare. That's the same as hoping for a $100 stock to rise to $10,000/share. Both are very hard to do but simple minds like you think the penny stock to $1 is "ez."

he's also conflating all cryptos. btc and shitcoins are not the same, just like apple stock is not the same as stocks from a fraudulent company.

Bronbron23
01-07-2022, 05:45 PM
how stupid do you crypto arena f*ggots feel right now


:roll:


https://youtu.be/-DT7bX-B1Mg

every 2nd commercial I see is for crypto shit. biggest scam going after covid boosters and variants

It's made me and alot of other people alot of money dude. I'm happy prices are falling it just means it's time to buy.

TheCorporation
01-07-2022, 07:26 PM
he's also conflating all cryptos. btc and shitcoins are not the same, just like apple stock is not the same as stocks from a fraudulent company.

100%

Bitcoin's market cap was over $1 Trillion at one point.

SATAN
01-07-2022, 07:40 PM
OP sounds like my boomer father. Just sheer ignorance.

HunterSThompson
01-07-2022, 07:43 PM
sounds like Steve lost quite a bit in bitcoin investments the past few months

:oldlol:

HunterSThompson
01-07-2022, 07:46 PM
OP sounds like my boomer father. Just sheer ignorance.

its a scam dummy. the rich are getting richer while you get your measly 5 or 10 grand stolen. keep pumping in your pathetic life savings and crying when the millionaires dump their shit and send it into another nosedive

SATAN
01-07-2022, 07:49 PM
its a scam dummy. the rich are getting richer while you get your measly 5 or 10 grand stolen. keep pumping in your pathetic life savings and crying when the millionaires dump their shit and send it into another nosedive

Ok boomer.

HunterSThompson
01-07-2022, 07:52 PM
Ok boomer.

I'm 37 lol. bitcoin wasn't always a total shit show. if you invested over a year ago you probly still have some profits to toy with. but now the well is all dried up

HunterSThompson
01-07-2022, 07:54 PM
just for fun I might invest 2000$ in bitcoin. it will be like my lebron rookie cards so it's a win/win for me. either I make some petty side cash or I get to laugh at all of you losing your life savings

SATAN
01-07-2022, 07:58 PM
No one cares, boomer.

TheCorporation
01-07-2022, 07:59 PM
sounds like Steve lost quite a bit in bitcoin investments the past few months

:oldlol:

Painfully uneducated.

Accomplish something.

Overdrive
01-07-2022, 08:14 PM
Amigo, that's a piece of plastic with a digital screen in your hand.

Show me the money!

You can't hold the money in your bank account either unless you cash out.
Surprise. You can cash out on bitcoin aswell.

If your bank crashes over night your money's gone.

HunterSThompson
01-07-2022, 09:55 PM
Painfully uneducated.

Accomplish something.

Steve. shut up. you're a broke unemployed 30 year old Jewish midget loser that's been trolling on a message board with 50 alts every day for 15 years. you never take a break from here. every day you start 20 threads about lebron or kobe or jordan. you have by far the most boring life out of anyone. you failed as a lawyer and never got laid in your life. nobody throws away their entire prime doing this shit unless theyre a crippled ugly retard. I left for years at a time on and off and would get banned pretty quick back in the day. mostly intentionally just to get away from this place. you have isolation sickness. you have psychosis. you're not normal at all. I see I struck a nerve since I know your kind hates losing a penny so thousands Is obviously a major hit. don't kill yourself bro

now go run to Jeff and get this post deleted like you did the other day when I made you shit yourself

HunterSThompson
01-07-2022, 10:00 PM
No one cares, boomer.

I gambled online for years. trading money through banks into digital currency isn't some new invention. and people trade stocks on apps all the time. just because your investment plan is retarded doesn't mean i don't understand technology lol

I understand that you probly just lost 5 to 10 grand in the past few months

SATAN
01-07-2022, 10:18 PM
I gambled online for years. trading money through banks into digital currency isn't some new invention. and people trade stocks on apps all the time. just because your investment plan is retarded doesn't mean i don't understand technology lol

I understand that you probly just lost 5 to 10 grand in the past few months

You actually don't understand. Keep being ignorant and making assumptions though, boomer.

highwhey
01-07-2022, 10:20 PM
can i get a hell yeah if you think gentiles rock?!

highwhey
01-07-2022, 10:20 PM
hell yeah!

HunterSThompson
01-07-2022, 10:36 PM
You actually don't understand. Keep being ignorant and making assumptions though, boomer.

insider trading has been around for decades moron. this isn't an assumption. unless you know a celebrity with millions invested in bitcoin and he shares advice on times to buy and sell then you're a blind moron. people with millions are putting money in and dumping their bitcoin simultaneously. they manipulate the market in their favor. this isn't some wild ass ideas. it's called TRADING. the rich get richer and the poor go broke. that's how it is. that's how it was and that's how it always will be. the only way to make money is through smaller investments over a long period of time where you can't touch your money till retirement. bitcoin is a volitile investment that drops 20% of its value whenever someone just mentioned that they might not accept bitcoin or someone like Elon musk says he's more into dogecoin. just little things like that send people into panic selling. it's an investment driven by retards. you're a retard. bitcoin is retarded. period

SATAN
01-07-2022, 10:52 PM
So how do you feel about NFTs, boomer?

HunterSThompson
01-07-2022, 11:09 PM
So how do you feel about NFTs, boomer?

its likely used for laundering money/human trafficking. buying the rights to digital media is stupid unless there's a way to make money off it. like every time someone searches for an image you get money when someone looks at it or you can charge someone for putting it on their website. it's quite obvious that the people buying crappy digital art are criminals like the people buying hunter bidens paintings. it's just a loophole for transferring large amounts of money to other people without the government looking into it too much

bitcoin was actually invented for the black market and dark web. pedos that watched videos of babies being raped and murdered are likely the current crypto self made millionaires off original bitcoin investments.

SATAN
01-07-2022, 11:18 PM
:oldlol:

FKAri
01-08-2022, 01:17 AM
Steve. shut up. you're a broke unemployed 30 year old Jewish midget loser that's been trolling on a message board with 50 alts every day for 15 years. you never take a break from here. every day you start 20 threads about lebron or kobe or jordan. you have by far the most boring life out of anyone. you failed as a lawyer and never got laid in your life. nobody throws away their entire prime doing this shit unless theyre a crippled ugly retard. I left for years at a time on and off and would get banned pretty quick back in the day. mostly intentionally just to get away from this place. you have isolation sickness. you have psychosis. you're not normal at all. I see I struck a nerve since I know your kind hates losing a penny so thousands Is obviously a major hit. don't kill yourself bro

now go run to Jeff and get this post deleted like you did the other day when I made you shit yourself

Kenny. shut up. you're a broke unemployed 30 year old Jewish midget loser that's been trolling on a message board with 50 alts every day for 15 years. you never take a break from here. every day you start 20 threads about lebron or kobe or jordan. you have by far the most boring life out of anyone. you failed as a lawyer and never got laid in your life. nobody throws away their entire prime doing this shit unless theyre a crippled ugly retard. I left for years at a time on and off and would get banned pretty quick back in the day. mostly intentionally just to get away from this place. you have isolation sickness. you have psychosis. you're not normal at all. I see I struck a nerve since I know your kind hates losing a penny so thousands Is obviously a major hit. don't kill yourself bro

HunterSThompson
01-08-2022, 01:49 AM
Kenny. shut up. you're a broke unemployed 30 year old Jewish midget loser that's been trolling on a message board with 50 alts every day for 15 years. you never take a break from here. every day you start 20 threads about lebron or kobe or jordan. you have by far the most boring life out of anyone. you failed as a lawyer and never got laid in your life. nobody throws away their entire prime doing this shit unless theyre a crippled ugly retard. I left for years at a time on and off and would get banned pretty quick back in the day. mostly intentionally just to get away from this place. you have isolation sickness. you have psychosis. you're not normal at all. I see I struck a nerve since I know your kind hates losing a penny so thousands Is obviously a major hit. don't kill yourself bro


https://www.youtube.com/watch?v=Cs4Gj7JsET4&ab_channel=SascuaFectis

highwhey
01-08-2022, 01:59 AM
I see I struck a nerve since I know your kind hates losing a penny so thousands Is obviously a major hit. don't kill yourself bro

https://www.thecoli.com/styles/default/xenforo/smilies/dead.png

Cleverness
01-08-2022, 02:17 AM
https://www.youtube.com/watch?v=eRvBj7j24B0

Cleverness
01-08-2022, 02:19 AM
https://www.youtube.com/watch?v=4rvTppy1qLI

Axe
01-08-2022, 07:46 AM
can i get a hell yeah if you think gentiles rock?!
:roll:

Axe
01-08-2022, 08:04 AM
Real actual value is completely determined by what other humans are willing to pay. Sports cards are nothing more than cardboard and can go for millions. Artwork has no actual real world use other than decoration and can command astronomical amounts of money. There was an NFT which is just a digital image that recently sold for $69 Million.

For the most part precious metals and fine gems have as much real world use as crypto although gold can be used in electronics. Cryptocurrency will hold real value until there is no one on the planet willing to buy it. Maybe that time will come but it isn't coming anytime soon.
Interesting, so a potential artwork of the welfarefan's coffee table filled with his filthy junk exactly like the one in the screenshot below could be sold for a fortune amongst ish folks. I'm guessing $200 might be good enough.

https://i.postimg.cc/cHWttN89/dfghsdfhs.jpg

I might be the first one to grab it but i hope he doesn't snitch to the cops if ever someone paints it flawlessly without his sacred authorization.

Shogon
01-08-2022, 10:13 PM
All money is based on belief. The shared belief that it has value. No more, no less.

Bitcoin is the next step in the evolution of money. As such, it is an emerging(read: not yet fully established) belief system. It is also an emerging and yet to be "fully developed" technology. People do not fully believe in Bitcoin yet. There are many people that have bought into Bitcoin as a get quick rich scheme that do not understand what they have bought into that panic sell when they don't see it skyrocket immediately because in their uninformed brains they think it is going to zero real world value. When you understand that it is an emerging belief system and you understand that there are many, many people that buy Bitcoin that are treating it as a get rich quick scheme, you understand the short to mid term volatility.

Governments around the world create what is commonly referred to as 'fiat currency' out of thin air. There is nothing physical and no real world commodity that backs their currencies. Currencies used to be backed by precious metals, which are also belief based mind you, but now they are backed by nothing but thin air. Governments are never responsible with their money. They can't be bothered to consistently run surpluses and they certainly can't be bothered to give up control of the currency supply and not print it out of thin air. Fiat currencies are infinitely inflating forces until their inevitable cessation.

Regardless of the type of government in any given country, the people at the head of governments are almost always power seeking lunatics and they will without question as they always have in all of human history 100% of the time continue to print more and more currency until it becomes worthless. Even if you live your entire life with your particular fiat of currency of choice still around, it is guaranteed to lose value over time because governments will continue to print it. What this means is that you can't keep your money under your mattress, bury it in a hole, or even keep it in a bank account without it being guaranteed to lose value. Essentially, the government is going to silently take your labor, your time, your effort, your blood, your sweat and your tears without your consent and there is nothing you can do to stop it other than to gamble with it by putting it into some sort of investment.

In fact, there is nothing any of us can do about this because all governments trend the same direction and all governments will devalue the currency in favor of power and maintaining the status quo as much as possible.

Enter Bitcoin. A new form of money and a new form of currency that can't be printed out of thin air. It has a fixed supply. No more can be created. Nobody runs the network. There is nobody you can kill, there is nobody you can petition to, there is nobody in the entire world that can stop the next block from coming within the next 10 minutes. There is no group of people in the world that you can kill that will stop the next block. It is as sure as the sunrise at this point unless something compromises the technology entirely, which is unlikely.

As mentioned earlier, Bitcoin is an emerging belief system and it is an emerging technology. Given that the final supply is capped, it ultimately ends up as an infinitely deflating currency which is diametrically opposed to infinitely inflating currencies. Fiat currencies are designed to go down in value. Bitcoin is designed to go up in value as scarcity increases over time.

Ask yourself this... given that Bitcoin goes up in value by design and fiat currencies go down in value by design do you think more people will believe in Bitcoin in 5 years time or less people will believe in Bitcoin in 5 years time than believe now? In 10 years time? In 20? And will the belief among the people that already believe be shaken for some reason?

The takeover of the Bitcoin network on a global scale is a virtual certainty. The big question in the room is, how long will this take? Nobody can answer this question. This could very well be and likely will be beyond our lifetimes, if I had to guess. Governments around the world are not going to go down without a fight. But the good news is, ultimately, governments winning this battle will be like trying to fight stupidity on the internet or trying to sweep the waves back into the ocean. Utterly futile.

At the absolute minimal outcome, Bitcoin ends up being the new savings account on a global scale that actually allows you to maintain your wealth without gambling and allows you to protect yourself from central banks. At the very best outcome, it becomes the most important invention in the history of humanity and revolutionizes the planet by stripping away the power of the money supply from central governments as all fiat currencies trend towards zero and Bitcoin trends towards infinity.

Shogon
01-08-2022, 10:24 PM
One more thing I forgot... Bitcoin does not simply just end up as being "money" in a very best case scenario, it becomes publicly verifiable documentation of essentially everything in the world that humans deem as needing to be verified. And it ends up helping to reverse climate change as more and more miners are pushed out of the space entirely that are not mining using the absolute cheapest energy available globally, which are always renewable and naturally occurring.

Also, reading some of the posts in this thread remind me of this.


https://www.youtube.com/watch?v=UlJku_CSyNg

FultzNationRISE
01-08-2022, 10:52 PM
All money is based on belief. The shared belief that it has value. No more, no less.



Maybe today. But not intrinsically.

As you point out, anything with practical utility (gold, silver etc) has value beyond serving as a physical record of a transaction. If society collapsed, precious metals would be in high demand and you could use them yourself or barter them for other items.

The dollar as a fiat currency has catalyzed huge economic, social, technological advancement, while at the same time producing a massive economic bubble, sustained each day by the sheer ignorance and obedience of the public. Can that last forever? Who knows. If bitcoin wasnt in the picture, would you have long-term faith in the US dollar?

I hope so, because the US dollar is the only thing that "backs" bitcoin at present. As one goes, so will the other. It's not as simple as "bitcoin is finite, therefore no inflation." Bitcoin is backed solely by the dollar. You can't buy bitcoin with gold or crops. You have to buy it with dollars. The problem with that is that a fiat currency is a natural monopoly, and the dollar already has hegemony. A system of multiple currencies is redundant and useless (hence the adoption of the Euro across the pond.) So if you buy bitcoin, it's value to you is in dollars. Paradoxically, bitcoins can have no value while co-existing with the dollar, yet its only value is in dollars. So if the dollar tanks, bitcoin tanks. There are enormous technical and practical obstacles to untangling that paradox.

Bitcoin does have intriguing potential for both convenience and privacy. I'm not "betting against it." However I think it is far from the long term fait accompli as a source of financial value that many present it as.

Although that's just my two cents. If you want a truly insightful and nuanced perspective on the subject, I suggest asking highwhey.

Shogon
01-08-2022, 11:15 PM
Maybe today. But not intrinsically.

As you point out, anything with practical utility (gold, silver etc) has value beyond serving as a physical record of a transaction. If society collapsed, precious metals would be in high demand and you could use them yourself or barter them for other items.

Yes, intrinsically. As money, it is all 100% belief based. It is true that if society collapsed gold and silver would be in high demand, but again, that is... as money. If you were able to magically erase the money belief system of gold and silver out of everyone's minds in an instant, the real world agreed upon value would plummet as that is the primary driver of their agreed upon real world value because their physical real world applications are but a scratch of the surface in comparison to the shared belief of humans.


The dollar as a fiat currency has been a double edged sword. Over the last century it's catalyzed huge economic, social, technological advancement. While also producing a MASSIVE economic bubble, sustained each day by the sheer ignorance and obedience of the public. Can that last forever?

No, it can't. Because as I said, the government can't help itself. The natural law of supply vs demand will eventually determine the end date to the dollar. But it has already lost over 99% of its original real world value. You could say that it has been a double edged sword and that's not entirely wrong, however, the primary driver for innovation in the US is the idea of a free market. That has nothing to do with the dollar itself. You could make the argument that the dollar has helped US citizens that were going to trend this direction of being thought leaders regardless and thus by extension the rest of the world due to said innovations that might not have occurred otherwise, but that's highly speculative and unprovable AND EVEN IF that were true at some point in time I don't believe it is any longer. We export our dollars and that is basically the biggest reason that we get to continue living like kings in relation to the rest of the world.


Who knows. If bitcoin wasnt in the picture, would you have long-term faith in the US dollar?

Absolutely not. No. How could you possibly believe that the system we have is fair? I don't care what your political affiliation is, I don't think anyone actually believes that it isn't a rigged system and a HUGE part of that if not THE BIGGEST part of that is the fact that the government controls the money supply. Again, it's just math.


I hope so, because the US dollar is the only thing that "backs" bitcoin at present. As one goes, so will the other.

Long term this is not true whatsoever. Short term it is true as Bitcoin is still an emerging belief system as previously notated multiple times, and as such the majority of people view it as risky despite the fact that it's just math. As I said, this plays out likely beyond our lifetimes. If we were to have a global economic crisis that broke society down, Bitcoin would not save anyone. But it would still be there, the next block would still be in 10 minutes and it would be poised to take over post collapse as people sought a solution to the very thing that brought about the problems in the first place.


Bitcoin has intriguing potential for both convenience and privacy. However it only has value as a fiat currency, just like the paper dollar. You can't make something out of bitcoin. Bitcoin can't walk your dog or wash your car. Bitcoin *may* some day achieve fiat status, but the real world obstacles are significant, and seriously underestimated by the lay public. I do not consider it a given at the present time, by any means.

The insanely major difference between Bitcoin and fiat currency is that math and energy back Bitcoin whereas absolutely nothing that won't fade away in time backs the dollar. Nothing.

Bill Gates
01-08-2022, 11:23 PM
There are not many people who view BTC as an eventual replacement to the US Dollar. Even supporters like Musk have said they support the fiat system.

Virtually every government on the planet adopted the Fiat system because it is superior in that it allows them to create on demand when needed. And without that ability many economies around the world would have collapsed. Because of fiat we can fund what we need and when we need it. We wouldn't want to remove this ability from our Government or eventually we'd be screwed.

Another thing Shogon fails to mention is that inflation is healthy. Can you imagine if we had a fixed amount of US Dollars as the population grows? As our businesses increase and grow? Our economy wouldn't be able to grow in the way it needs to without some inflation. The healthy level is said to be 2%.

In my opinion being finite will be the doom of BTC. Once the last coin is mined the wealthy will hold them and the lower class will no longer be able to create them. Even gold can be mined infinitely.

Shogon
01-08-2022, 11:25 PM
There are not many people who view BTC as an eventual replacement to the US Dollar. Even supporters like Musk have said they support the fiat system.

Virtually every government on the planet adopted the Fiat system because it is superior in that it allows them to create on demand when needed. And without that ability many economies around the world would have collapsed. Because of fiat we can fund what we need and when we need it. We wouldn't want to remove this ability from our Government or eventually we'd be screwed.

Another thing Shogon fails to mention is that inflation is healthy. Can you imagine if we had a fixed amount of US Dollars as the population grows? As our businesses increase and grow? Our economy wouldn't be able to grow in the way it needs to without some inflation. The healthy level is said to be 2%.

In my opinion being finite will be the doom of BTC. Once the last coin is mined the wealthy will hold them and the lower class will no longer be able to create them. Even gold can be mined infinitely.

There's so much misinformation in this post I can't do it. I'm done with this thread. It will be the same shit that's said over and over for years and years and will continue to be said and thought for years and years. Damn. C'est la vie.

FultzNationRISE
01-08-2022, 11:26 PM
Yes, intrinsically. As money, it is all 100% belief based. It is true that if society collapsed gold and silver would be in high demand, but again, that is... as money.

But the issue isnt demand, it is value. That's how commodities are different than fiat. You can make all sorts of practically valuable things with precious metals. Weapons, furniture, art. You do not have to trade/sell them. They have a physical utility OUTSIDE of being an accepted currency. You could be the only one with precious metals, and they would still have value. If youre the ONLY PERSON with paper dollars or bitcoins, nobody would trade them for anything. Because they dont have physical value, and if nobody else owns them, they dont have imaginary value.

Bill Gates
01-08-2022, 11:28 PM
Also. It is not a given that anyone would care about precious metals if society collapsed. It would likely transform into a barter system of trading bullets for gasoline or food or whatnot. I don't know why anyone would want gold.

HunterSThompson
01-08-2022, 11:35 PM
All money is based on belief. The shared belief that it has value. No more, no less.



no. the dollar is based on global superpowers forcing Central banks into every country and blowing up or cutting off anyone that says no. and the US dollar has a stranglehold on trading because they're strong arming the world to keep using that worthless shit


and no bitcoin is not based on a majority belief. if is based on the 1% dumping in millions and taking out millions after a small increase in profit and tanking everyone else's shares. same with every new popular start up crypto. bitcoin won't be going up any time soon. and if the US economy failed you would be in such poverty in a torn 3rd world type country that your house would be invaded and militias would steal everything and leave you for dead. you wouldn't even have internet access to trade your bitcoin anymore dumbass.




Bitcoin is the next step in the evolution of money. As such, it is an emerging(read: not yet fully established) belief system. It is also an emerging and yet to be "fully developed" technology. People do not fully believe in Bitcoin yet. There are many people that have bought into Bitcoin as a get quick rich scheme that do not understand what they have bought into that panic sell when they don't see it skyrocket immediately because in their uninformed brains they think it is going to zero real world value. When you understand that it is an emerging belief system and you understand that there are many, many people that buy Bitcoin that are treating it as a get rich quick scheme, you understand the short to mid term volatility.




crypto might be an alternative but it will eventually become government regulated. everything ends up that way. nobody can avoid taxes forever. and they won't let you dump all your money over seas much longer either. a US based controlled crypto will take over and people will get more value for their exchanges cause the government will force big business chains to only accept their US based system. that or start making you report your bitcoin earnings for taxes at the end of the year. it will fail when the government makes it a headache to use.




Governments around the world create what is commonly referred to as 'fiat currency' out of thin air. There is nothing physical and no real world commodity that backs their currencies. Currencies used to be backed by precious metals, which are also belief based mind you, but now they are backed by nothing but thin air. Governments are never responsible with their money. They can't be bothered to consistently run surpluses and they certainly can't be bothered to give up control of the currency supply and not print it out of thin air. Fiat currencies are infinitely inflating forces until their inevitable cessation.



like I said the US military is what sustains the US dollar. butcoin won't be taking over as long as most of the world is scared shitless. inflation will continue to go up. which will cause prices and wages to go up and more money to be printed backed by nothing. and China will just keep agreeing to more and more debt because they sure as hell can't collect on it. all they can get from the US is more deals with people like biden and his son to keep the peace.




Regardless of the type of government in any given country, the people at the head of governments are almost always power seeking lunatics and they will without question as they always have in all of human history 100% of the time continue to print more and more currency until it becomes worthless. Even if you live your entire life with your particular fiat of currency of choice still around, it is guaranteed to lose value over time because governments will continue to print it. What this means is that you can't keep your money under your mattress, bury it in a hole, or even keep it in a bank account without it being guaranteed to lose value. Essentially, the government is going to silently take your labor, your time, your effort, your blood, your sweat and your tears without your consent and there is nothing you can do to stop it other than to gamble with it by putting it into some sort of investment.

In fact, there is nothing any of us can do about this because all governments trend the same direction and all governments will devalue the currency in favor of power and maintaining the status quo as much as possible.

Enter Bitcoin.





no. it wont enter. you lack faith in your position of world power. Canada is backed by the British royal monarch. we're not going anywhere either. our countries will continue to live it up for as long as we are alive. you will be paying 10$ for a loaf of bread as a senior citizen and that's just how it's gonna be. your crypto shit will never be the #1 way to trade because the people in power will stop that shit pretty quick. or take it over and make you think you're "off the grid".. do you actually think that a society can survive without government control and them taking in all the cash and dispensing it after taking a little off the top. that's just how society works. you're an absolute moron if you believe in some Waterworld/mad max type post apocalyptic bartering wasteland where only bitcoin millionaires roam the earth in chariots. my God you're f*cking stupid





A new form of money and a new form of currency that can't be printed out of thin air. It has a fixed supply. No more can be created. Nobody runs the network. There is nobody you can kill, there is nobody you can petition to, there is nobody in the entire world that can stop the next block from coming within the next 10 minutes. There is no group of people in the world that you can kill that will stop the next block. It is as sure as the sunrise at this point unless something compromises the technology entirely, which is unlikely.

As mentioned earlier, Bitcoin is an emerging belief system and it is an emerging technology. Given that the final supply is capped, it ultimately ends up as an infinitely deflating currency which is diametrically opposed to infinitely inflating currencies. Fiat currencies are designed to go down in value. Bitcoin is designed to go up in value as scarcity increases over time.

Ask yourself this... given that Bitcoin goes up in value by design and fiat currencies go down in value by design do you think more people will believe in Bitcoin in 5 years time or less people will believe in Bitcoin in 5 years time than believe now? In 10 years time? In 20? And will the belief among the people that already believe be shaken for some reason?

The takeover of the Bitcoin network on a global scale is a virtual certainty. The big question in the room is, how long will this take? Nobody can answer this question. This could very well be and likely will be beyond our lifetimes, if I had to guess. Governments around the world are not going to go down without a fight. But the good news is, ultimately, governments winning this battle will be like trying to fight stupidity on the internet or trying to sweep the waves back into the ocean. Utterly futile.

At the absolute minimal outcome, Bitcoin ends up being the new savings account on a global scale that actually allows you to maintain your wealth without gambling and allows you to protect yourself from central banks. At the very best outcome, it becomes the most important invention in the history of humanity and revolutionizes the planet by stripping away the power of the money supply from central governments as all fiat currencies trend towards zero and Bitcoin trends towards infinity.


didn't even bother reading the rest of this drawn out never ending essay that's just saying the same thing over and over 20 times.

FultzNationRISE
01-08-2022, 11:42 PM
There's so much misinformation in this post I can't do it. I'm done with this thread. It will be the same shit that's said over and over for years and years and will continue to be said and thought for years and years. Damn. C'est la vie.

As much as I loathe that account (which I'm guessing you will now think is mine :lol) those are actually critical points that go heavily unappreciated with regard to the nature of economics and society.

Bottom line is, championing bitcoin without qualification is no different from dismissing it out of hand. They're two sides of the same.... ahem.... well, I think you can see where this is going....


bitcoin.

FultzNationRISE
01-08-2022, 11:44 PM
Also. It is not a given that anyone would care about precious metals if society collapsed. It would likely transform into a barter system of trading bullets for gasoline or food or whatnot. I don't know why anyone would want gold.

I couldn't tell you the specific reasons, but considering it is literally the economic "gold standard" of all history, I'm sure they exist.

SATAN
01-08-2022, 11:50 PM
It's not like gold hasn't been confiscated in the past. Not much of a sure fire way to preserve your wealth in a time of real crises if that's the intention.

FultzNationRISE
01-08-2022, 11:52 PM
Long term this is not true whatsoever. Short term it is true as Bitcoin is still an emerging belief system as previously notated multiple times, and as such the majority of people view it as risky despite the fact that it's just math. As I said, this plays out likely beyond our lifetimes. If we were to have a global economic crisis that broke society down, Bitcoin would not save anyone. But it would still be there, the next block would still be in 10 minutes and it would be poised to take over post collapse as people sought a solution to the very thing that brought about the problems in the first place.


How would people get bitcoin if the dollar collapses? Who gives someone a bitcoin?

Not the government. Government doesnt control bitcoin.

Are bitcoin miners giving it away as charity? Seems unlikely, given the finite supply.

Only way to get bitcoin is to buy it with your dollars. Otherwise, no bitcoin for you.

But then someone who gave you bitcoin now has dollars to spend. And you have bitcoin. And youre both in the same economic sphere.

So........


:crazysam:

HunterSThompson
01-09-2022, 02:13 AM
How would people get bitcoin if the dollar collapses? Who gives someone a bitcoin?

Not the government. Government doesnt control bitcoin.

Are bitcoin miners giving it away as charity? Seems unlikely, given the finite supply.

Only way to get bitcoin is to buy it with your dollars. Otherwise, no bitcoin for you.

But then someone who gave you bitcoin now has dollars to spend. And you have bitcoin. And youre both in the same economic sphere.

So........


:crazysam:

I just bought 100$ worth of each of the following cryptos

bitcoin
chainlink
ethereum
polygon
dogecoin



now the only way these retards get rich is to pay me a nice kickback.

and if I lose all my shitty spending cash for the next week then they lose their life savings

:lol

HunterSThompson
01-09-2022, 03:11 AM
also just bought a bit of solana, polkadot, cardano, stellar lumens, litecoin, EOS, AAVE, bitcoin cash, sushi swap and Uniswap


got about a grand in investments now. time to sit back and watch my future turn to gold

my chariot awaits

https://media0.giphy.com/media/Id6oYn6MrtSOpdse4J/giphy.gif

Nanners
01-09-2022, 03:15 AM
The main problem with bitcoin as a form of currency is that the central banks who issue our fiat currency are the most powerful institutions on the planet... these banks can and do make countries go to war to protect/expand their interests and influence. Central banks around the globe are currently developing their own digital currencies (https://www.atlanticcouncil.org/cbdctracker/), and these banks will not tolerate any competitors.

If bitcoin holding americans are lucky, when the federal reserve releases their digital currency they will offer people a chance to trade their bitcoins and shitcoins to fedcoins at a 1:1 ratio before they order congress to make all crypto illegal.

I hope bitcoin survives long-term, I hope the central bankers lose their monopoly on currency and the tremendous power that it grants them... but I definitely wouldnt bet on it

Nanners
01-09-2022, 03:38 AM
Also. It is not a given that anyone would care about precious metals if society collapsed. It would likely transform into a barter system of trading bullets for gasoline or food or whatnot. I don't know why anyone would want gold.

While its true that precious metals would not be a good currency in a total collapse of society, in a real collapse I would much rather have precious metals than bitcoins.

Anyway if anyone thinks society is going to collapse entirely, IMO they should buy a rural piece of land and start stocking it with firearms/ammo, water/food/seeds, medical supplies, tools, stuff to make fires and stay warm, etc

SATAN
01-09-2022, 04:07 AM
https://www.media1.hw-static.com/media/2016/04/game-of-thrones-hbo-youtube-04122016.jpg

HunterSThompson
01-09-2022, 07:48 PM
holy f*ck boys. just made 10 bucks off polygon crypto. shit went up 20% today



https://www.youtube.com/watch?v=sWPvg_VlCkE&ab_channel=MaciejZygmuntowski


and of course its the one stupid shit i didn't put 100$ in... thought it was too unstable so i put 50

oh well

CelticBaller
01-10-2022, 12:46 PM
Buy the dip

Draz
01-14-2022, 02:43 PM
Dogecoin gonna moOn