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Can we rely on Cryptocurrencies like Bitcoin?

barakin

Member
Oct 18, 2012
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My apologies, not more than visa but just surpassed MC. I confused the two CC companies
You gullible fool. Morgan Stanley didn't publish a report saying any such thing. You're gonna get wiped out when you bet the farm on digital beanie babies. The idea of subdividing a fixed number of bitcoin units ad-infinitum is patently stupid. Your money supply should grow in a rate tandem to the growth of your economy to achieve price stability. Currency isn't supposed to provide a return, you're supposed to get a return investing in risky projects that provide products and services people want. If anything bitcoin hurts the economy by taking energy away from industry.
 
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Valcazar

Just a bundle of fucking sunshine
Mar 27, 2014
27,989
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Is everyone expecting another drop in August when those 100,000 coins come on the market or is there some other effect people anticipate?
 

sprite09

Well-known member
Aug 10, 2020
1,085
498
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Jesus Christ, just stop lol

you're not likely gonna convince someone invested in crypto that's it's bs and vice versa

if we were all smart financially by the textbook definition, we wouldn't be spending money on whores lol

in the end, let people do what they want with their money..everyone has different values and risk tolerances
 

Anbarandy

Bitter House****
Apr 27, 2006
10,120
2,768
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Jesus Christ, just stop lol

you're not likely gonna convince someone invested in crypto that's it's bs and vice versa

if we were all smart financially by the textbook definition, we wouldn't be spending money on whores lol

in the end, let people do what they want with their money..everyone has different values and risk tolerances
Sounds like you have been taking a "bath" for an extended period of time.
 

sprite09

Well-known member
Aug 10, 2020
1,085
498
83
So, you're all cleaned 'up' or is it 'out'?
lol so curious

ya, out into the girl's mouth ...whore bimonthly or once a quarter fyi ...prefer to pick up girls at bars then bang ...COVID lockdowns have made chicks fucking horny !
 

guyfromtdot

Active member
Jul 6, 2015
173
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I guess the issue is that many people who bough in early are now millionaires (or more), but the question remains, if you start buying shit now, are you really making an investment? I mean, will one of the thousands of tokens that get minted be worth anything in two years? Plus, unlike the stock market, how do you make wise decisions on a token's value? We saw this past week how a large number saw massive drops in value. Is it easy to get your money out of the system?

I know a little about all of this, but at the same time, not enough to feel confident in investing.
I think bitcoins value is correlated to the Money printer. It's the safest way to keep value. Look at all the other tech companies and how big of a hit they've taken from All time highs. NFLX DOCU etc.

65% of bitcoin hasn't moved this year, very bullish sign
 

silentkisser

Master of Disaster
Jun 10, 2008
3,587
4,382
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I think bitcoins value is correlated to the Money printer. It's the safest way to keep value. Look at all the other tech companies and how big of a hit they've taken from All time highs. NFLX DOCU etc.

65% of bitcoin hasn't moved this year, very bullish sign
The issue is that many of these tokens get the old "pump & dump" treatment. Remember when Elon Musk supported Dogecoin? Then he didn't?

As I've said, I don't feel super confident on this whole thing. I recall back in 2009/10 or so thinking about buying into Bitcoin. If I did, I might be a multi-millionaire right now. But, as someone wise once said, don't invest in things you don't understand. I am leaning towards crypto being more of a scam than a legit investment opportunity.

It makes me think of this fable:
Now, is this accurate? Maybe not. But we'll see.
 

mikeeman

Active member
Dec 25, 2002
124
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Any crypto is a waste of energy and an investment in nothing. Stick to gold, silver, and platinum. They may also get over priced but at least you can hold it in your hand and put it in your pocket.
 

LiveInTorontoPartyInMontreal

Well-known member
Feb 23, 2008
2,440
920
113
All the pretend Twitter and YouTube experts claiming crypto is the best investment you can make for the next 5 to 10 years. Some people don't have that time horizon and hundreds of cryptos are in the danger of being delisted this year or next. Is it worth the gamble of a pretend asset going to zero just for a 2x or 3x return. Give me your $ 1,000 and by Sunday night I will give you back 40x with my 6 NFL locks :ROFLMAO: .
 
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guyfromtdot

Active member
Jul 6, 2015
173
26
28
The issue is that many of these tokens get the old "pump & dump" treatment. Remember when Elon Musk supported Dogecoin? Then he didn't?

As I've said, I don't feel super confident on this whole thing. I recall back in 2009/10 or so thinking about buying into Bitcoin. If I did, I might be a multi-millionaire right now. But, as someone wise once said, don't invest in things you don't understand. I am leaning towards crypto being more of a scam than a legit investment opportunity.

It makes me think of this fable:
Now, is this accurate? Maybe not. But we'll see.
Crypto is 100% a scam
Bitcoin and crypto are not synonyms, if you don't know the difference between crypto and bitcoin, there's still a lot of learning to do
 

Valcazar

Just a bundle of fucking sunshine
Mar 27, 2014
27,989
49,885
113
Crypto is 100% a scam
Bitcoin and crypto are not synonyms, if you don't know the difference between crypto and bitcoin, there's still a lot of learning to do

Yes.
Bitcoin is just one type of cryptocurrency.
All squares are rectangles but not all rectangles are squares and all that.
 
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