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Message
re: Why is crypto crashing?
Posted on 5/14/22 at 12:36 pm to Auburn80
Posted on 5/14/22 at 12:36 pm to Auburn80
Crypto is the biggest pyramid scheme ever created.
I can live in my home - it can devalue by 50% - and I don't care.
I can drive my truck - it can devalue by 50% and I don't care
I can grow food on my farmland and it can devalue by 50% and I don't care
I can get dividends on my stocks and they can lose 50% of their value - I don't care
If I had BTC or any other crypto - I'd sell that shite right now and buy something that's real and stop being a child with wild fantasies about being rich.
I can live in my home - it can devalue by 50% - and I don't care.
I can drive my truck - it can devalue by 50% and I don't care
I can grow food on my farmland and it can devalue by 50% and I don't care
I can get dividends on my stocks and they can lose 50% of their value - I don't care
If I had BTC or any other crypto - I'd sell that shite right now and buy something that's real and stop being a child with wild fantasies about being rich.
5
Posted on 5/14/22 at 3:41 pm to cable
quote:What about owning gold and devaluing by 50%, would you care?
I can live in my home - it can devalue by 50% - and I don't care.
I can drive my truck - it can devalue by 50% and I don't care
I can grow food on my farmland and it can devalue by 50% and I don't care
I can get dividends on my stocks and they can lose 50% of their value - I don't care
What about owning stocks that don't pay a dividend devaluing by 50%, would you care?
Posted on 5/14/22 at 4:27 pm to cable
quote:
I can get dividends on my stocks and they can lose 50% of their value - I don't care
quote:
If I had BTC or any other crypto - I'd sell that shite right now and buy something that's real and stop being a child with wild fantasies about being rich.
Posted on 5/14/22 at 7:41 pm to cable
quote:
If I had BTC or any other crypto - I'd sell that shite right now and buy something that's real and stop being a child with wild fantasies about being rich.
Cable, you assume that there's no utility to owning these coins without selling.
There are many crypto projects. Don't lump them all together. Yes, some are scams, but others have real utility.
Like with any investment, people will sometimes hold the asset to speculate on future value. I don't see why you have a problem with that.
Posted on 5/14/22 at 10:33 pm to cable
quote:
If I had BTC or any other crypto - I'd sell that shite right now and buy something that's real and stop being a child with wild fantasies about being rich.
Actually the reverse is true. Folks should be looking to load up in the near future for the next bull run.
Posted on 5/16/22 at 9:51 pm to cable
And as both the Canadian and US government has proven, they can freeze all of these assets if they decide you’re an enemy of the state.
I’m pretty sure just being on this site gets you red-flagged, so good luck.
I’m pretty sure just being on this site gets you red-flagged, so good luck.
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