yeah, lets keep rooting for the 1%!! yaaaaay corporate dictators! fuck the little guy! wtf you people are brutal. no one owns it. its completely decentralized. "your own currency" is false. its a deflationary decentralized currency. nothing could say fuck you to the man more than that, so you either dont understand it, or you like licking boots.I love it. Making your own currency is shit in the first place.
Hope it hits zero.
where you from?
my local grocery store has a crypto payment option. my local movie theater does too. its going to happen in more and more places, and its easy to exchange it for its dollar value, and pay all of those things with it, so that is a very weird argument.
those people who sell because it crashed are idiots. they deserve it because they are trying to get rich quick. im still up over 250% average over my entire portfolio (been 4.5 years since I started), and it will go back up.It's for the little guy to invest stupidly in for the big guy to rip them off more and when it crashes the little guy won't have anything, but the big guy will.
If a moron wants to invest in beanie babies they can, but they're still a moron. I feel a slight bit bad, but that 0.1 percent of feeling bad is outweighed by the other 99.9 percent.
Well your argument can't be true.
idiot is a relative term. I mean idiots compared to people who know anything about trading or crypto. these are people who just jumped on the bandwagon because they thought they could exploit a trend to get rich quick with little effort or knowledge. its relatively new technology. crypto like eth are doing things to change the resource usage.Everyone is an idiot *waves hand* we're animals and not very smart. Specially investing in something that is based on what....human value and trust hahahaha oh man that fucking gold. It also wastes tons of resources and minerals and causes prices of shit to rise and puts other things out of the hands of the "common" man.
Sounds like brain dead elitist crap to me and everything crashes just to let ya know. Fingers crossed.
they could immediately cash out if they wanted to.
If it's supposed to go against everything that fiat currencies are susceptible to then why is crypto crashing just as the US dollar is seeing higher inflation, Russia/Ukraine war, and the stock market dip? Seems to be doing the exact same thing as real money except on a higher magnitude.
"Over the years" being less than 20. The NYSE has been around for 230 years. The Dow Jones ha been around for 137 years. The S&P has been around for 65 years. Bitcoin is still in unknown territory and nothing says it can't just vanish. Government can and are putting regulations on it. They won't let you pay your taxes in it but will certainly tax your gains from it. And if it were independent from things then why isn't it at a stable amount? And who can even decide that amount? Why don't we just decide it's worth $5000 or $50,000 and leave it at that? It will always fluctuate and be based on real money until real money is gone. You cannot stop comparing it to the dollar because the dollar is the real world currency. If a company wants to sell a product for BTC they must compare it to their operating costs in the real world dollar. If inflation rises and their materials cost more they are going to have to sell it for more BTC. Therefore if the USD inflates, BTC inflates because they aren't going to charge .0005 BTC forever when .0005 BTC equals $20 one day and $9 the next.
