re: Official CryptoTalk Thread

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who mostly were dollar cost averaging buying BTC and other shitcoins at all time high

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I dont think you know what dollar cost averaging is.

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Despite the claims nobody on here actually has possession of BTC.

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and no one here actually has possession of a stock. do they exist?

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It’s going to be very bad for many of you which is why you see suicide hotlines being posted in BTC forums. You don’t see that anywhere else.

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you literally see suicided hotline billboards on the interstate.... Traders literally jumped from buildings in the crash of 29. people were literally killing themselves in 2008.

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You remind me of me not all that long ago. I completely wrote off crypto because I didn’t want to take the time to understand it. Every time there was a dip I wanted it to be the time that crypto died so I could say told you so and ultimately feel better that I didn’t miss out on life changing money because I didn’t want to take the time to learn. People like you and old me love to pile on during times like these because it makes us feel better for missing the boat (“the day of reckoning is here”… lol). It’s obvious you don’t know shite about crypto or what’s going on, you just see everything down (even the stock market like you said). Now’s the perfect time to change your outlook and get on for the next run up. People are here to help.

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Crypto is a scam---there is no tangible value in crypto. Sure the technology may be promising in the future, but the only crypto that will mean anything is the one the US government backs. 99.999% of Cryptos will be rendered unless. You can't do any research on it because you have no clue who's running what and how the government will pick.

Stocks, on the other hand, you are banking on the company's actual product and how society will view the new product introductions. You can assess real data and use the products to try to get a glimpse of the future and the company that you believe will take society there.

Crypto is nothing more than a trading card game, they only have value cause someone wants it. Why is this Pokemon more valuable than the other Pokemon card? and unlike luxury art dealing, which has an impact on society, crytpo is just imaganry idea of things.

It doesn't matter how long or often ppl keep saying it---

The crypto bro market is pumped up by a bunch of other crypto bros. It's an economy in itself ---very similar to a trading card game. Sure there is a lot of value and money invested by ppl that play the game, but trading pokemon cards with a fellow pokemon lover adds no real benefit to society/human experience

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not sure i see your point as this is pretty much the definition of value and applies to everything "of value" not just crypto and baseball cards.

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Value is the impact something has on the human experience---does it enhance the human experience.

Collecting stamps or trading cards may be fun, and you can make some money from it, but it has no real value to the masses of society.

“Alexa, set reminder for Crypto is a scam in 10 years again…..”

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The only thing imaginary is your understanding of crypto.

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Crypto (blockchain) is a technology---similar to GPS, by the time it went through enough iterations to be valuable assets to the masses of society, it will look completely different and the first companies to put it out there will be long gone.

Magellan Gps?
Nokia and HTC with smartphones?
the Electronic Controls Company with computers?

Yea. kinda of like buying twitter stock when they don’t turn a profit.

What do you even own?

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Yea. kinda of like buying twitter stock when they don’t turn a profit.

What do you even own?

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Twitter, and SM, is a product that has revolutionized the human experience.

and just as I said earlier about GPS the same happened with SM. by the time it went through its development cycle and was an asset to society, to original SM platforms were rendered useless and DOA.

Also, It isn't all about profits or losses--and that's the thing with the NFT and Current crypto community--it's all about how much money I can make by flipping this.

Stocks and investing in a company or product used to be about how it will impact society and by doing that, I will then make a profit.

Digital assets for video games.
Secure digital tickets to a ballgame.
Royalties on art, such as music and videos.
I want to loan out my own money without a bank.
I want to take out a loan without a bank.
Tokenization of your personal data, allowing you to be in control of who gets to buy it.
Decentralized, secure, storage.
DAOs (Decentralized Autonomous Organizations)

The list goes on. There are real uses for these products.