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This person might have a point about crypto

Posted on 2/14/22 at 9:13 pm
Posted by stout
Porte du Lafitte
Member since Sep 2006
179181 posts
Posted on 2/14/22 at 9:13 pm
Posted by Displaced
Member since Dec 2011
32980 posts
Posted on 2/14/22 at 9:14 pm to
The usd is already nothing.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93015 posts
Posted on 2/14/22 at 9:14 pm to
Im still in the camp of Dan Pena who claims Putin created it to frick everyone up
Posted by cattus
Member since Jan 2009
15227 posts
Posted on 2/14/22 at 9:15 pm to
Not a bad angle.
Posted by momentoftruth87
Your mom
Member since Oct 2013
86110 posts
Posted on 2/14/22 at 9:15 pm to
Yeah I don’t buy it. The govt will get their hands on it if they already don’t. Or some genius scammer.
Posted by idlewatcher
Planet Arium
Member since Jan 2012
92257 posts
Posted on 2/14/22 at 9:17 pm to
I personally don’t have crypto but with so many hacks happening on there, how can people argue it’s secure?
Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 2/14/22 at 9:17 pm to
Unless my crypto continues to buy more than USD and I can maintain anonymity.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11832 posts
Posted on 2/14/22 at 9:18 pm to
That guy nailed it. It’s Wall Street’s next flavor of the month because fees on passive funds have been reduced to 0%. It’s a rich persons toy essentially that oscillates in price a frick ton.
Posted by Dogwalk
Perkins, LA
Member since Jun 2016
1187 posts
Posted on 2/14/22 at 9:20 pm to
I’m invested in lead and steel…very tangible commodities.
Posted by RCDfan1950
United States
Member since Feb 2007
38569 posts
Posted on 2/14/22 at 9:22 pm to
The Poliboard has long acknowledged that the ultimate commodity is lead. Behind that is the usual and sundry items required for an independent, bodily survival in a total and prolonged infrastructure collapse scenario.


That said, good and virtuous neighbors are a must, even if the lead is there. Can't stay awake 24-7.
Posted by Huge Richard
Member since Dec 2018
4311 posts
Posted on 2/14/22 at 9:23 pm to
So buy gold? Something that humans have done since the beginning of time.

Bit is where it’s at. Bit is lit.
Posted by dstone12
Texan
Member since Jan 2007
38446 posts
Posted on 2/14/22 at 9:24 pm to
sorry....when i see that muted red background...it reminds me of the other Q psyop that duped grown men into thinking that hillary and huma went all ape and ate the face off a 9 year old.

im just going to sit here and act tough until i figure it all out.
Posted by Dominus5150
Member since Aug 2020
357 posts
Posted on 2/14/22 at 9:28 pm to
I’ve made 300k in the last 4 years on my crypto investments. The kicker is, I also have land, stored food and guns. So who’s winning now?
Posted by Jjdoc
Cali
Member since Mar 2016
55376 posts
Posted on 2/14/22 at 9:29 pm to
My thing is this. I'm not going crypto. I don't spend money buying crypto.



I mine crypto. When I get a payout, I convert it and it goes into stocks or cash.

As a side note... I will say that I do wait at times and hold some. example was not long ago. BTC dropped from the 65K area to 45K and then to 30K range. Everything I mined was held until it got back into the 43K range.

Posted by Jack Carter
Member since Sep 2018
12200 posts
Posted on 2/14/22 at 9:30 pm to
The feds just added billions dollars worth of crypto to its balance sheet. They already have some. What are you suggesting they're going to do with it? All they can do is hold it or sell it. The more they buy the higher the value will go because unlike fiat, you can't print more bitcoin. There's only a limited supply
Posted by Jack Carter
Member since Sep 2018
12200 posts
Posted on 2/14/22 at 9:32 pm to
quote:

I personally don’t have crypto but with so many hacks happening on there, how can people argue it’s secure?



Crypto is stolen off exchanges. You're not supposed to keep the crypto you buy on exchanges. You're supposed to transfer it into a hard wallet that cannot be hacked.
Posted by hawgfaninc
https://youtu.be/torc9P4-k5A
Member since Nov 2011
52973 posts
Posted on 2/14/22 at 9:37 pm to
What about when a crypto skyrockets because of demand and people cash out into USD. Many likely buy farmland with their earnings.



Posted by Y.A. Tittle
Member since Sep 2003
109519 posts
Posted on 2/14/22 at 9:38 pm to
quote:

That guy nailed it. It’s Wall Street’s next flavor of the month because fees on passive funds have been reduced to 0%. It’s a rich persons toy essentially that oscillates in price a frick ton.




Nothing screams Jumping the Shark in modern America like an “industry” bombardment of Super Bowl ads.
Posted by Ronaldo Burgundiaz
NWA
Member since Jan 2012
6745 posts
Posted on 2/14/22 at 9:40 pm to
This thread is a boomer convention.
Posted by Jack Carter
Member since Sep 2018
12200 posts
Posted on 2/14/22 at 9:42 pm to
People do all kinds of things. Some sell, some swing trade, some just keep accumulating. In fact the vast majority of BTC is not on the market to be sold. Most of the purchased BTC is taken off the exchanges and held by investors.
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