Brutal My join date: July 2023, before crypto shot up 35%. I've been telling poorcels about crypto and most just mocked me.
I'm unemployed and cannot invest
Depending on what the reason is I will either make you feel like shit or feel sorry for you. Usually on this site, it's the former.
Dope. Imagine rich blackpillers now that sounds like the best
send me some
I'm a poorcel too but I don't just sit around and pretend that LDAR or NEET is a good option. However with crypto I have a small hope that I can one day afford a house and a sports car (V8).
Gotta start somewhere I guess. I have some bitcoin, XMR, etc. I have been investing for over 2 years now...
>ignore 2023cels
To humiliate good looking normies with my wisdom?
...Do you know what my name means?
And what's it do?
My reddit nft's were almost $2,000 at one point, too bad I didn't sell.
Brocel what do you think about the overall market do you think we're in for a correction?
iShares Blockchain and Tech ETF | IBLC
The iShares Blockchain and Tech ETF seeks to track the investment results of an index composed of U.S. and non-U.S. companies that are involved in the development, innovation, and utilization of blockchain and crypto technologies.
www.blackrock.com
Not only have BlackRock filed for a Bitcoin ETF but also an Ethereum ETF.
Everything happening right now hinges on this fact.
Which oddly all catalyzed from Cointelegraph's false news: https://cointelegraph.com/news/clarification-sharing-false-spot-bitcoin-etf-news
So ... what happens next is obvious:
If the bitcoin ETF isn't approved, all crypto will go down ( except for XMR, which is still decoupled from all of the coins at the moment ). If it is, there could be a sell off and it could go down momentarily, but it could also go up soon after, as there's no real reason to believe it will lose its value...
1 xmr costs 200 dollars that's more than my monthly income in the turd world.
MicroStrategy stock is up 250% this year.
BlackRock (BLK) on tha next dip and MicroStrategy (MSTR) before the halving.
View: https://youtu.be/T-cByPZuq9o?si=gJ-rwZ-T1zPZz0hn
B
What gives cryptocurrency its value?
Well if you look at Bitcoin for example it's a technology which gives you assurance that you own your money. It solves age old problems such as:
Byzantine fault - Wikipedia
So do you want to trust the fed which are just trolling you... or do you want to take the anarchist way and remake the system? I know which one I think is good and it's crypto for me. We need money and crypto is like blending the internet with money, which makes a lot of sense. It's secure and provides an actual way to prove ownership of something.
View: https://www.youtube.com/watch?v=BFCnA5OjrEE
"Just gamble bro, I won the lottery the other day"
This isn't gambling. It's researchable. Anything in life otherwise can be said to be a gamble.
Dead cat bounce.
cute
we are incel losers. some of us truecels.
what have you got to lose? go all in on crypto lol.
fuck stocks. go all in crypto.
with bitcoin spot ETF and ethereum ETF coming AND the halving event, were talking major major gains in the next 2 years.
If you go all out right now you can retire in 6-10 years lol. Not even joking.
Of course you should still work but you don't have to work as hard since you've already earned your retirement money. You still gotta live cheaply though and work a bit but either way, youre essentially retired already. Minimal work and make sure to live cheaply.
what have you got to lose? go all in on crypto lol.
fuck stocks. go all in crypto.
with bitcoin spot ETF and ethereum ETF coming AND the halving event, were talking major major gains in the next 2 years.
If you go all out right now you can retire in 6-10 years lol. Not even joking.
Of course you should still work but you don't have to work as hard since you've already earned your retirement money. You still gotta live cheaply though and work a bit but either way, youre essentially retired already. Minimal work and make sure to live cheaply.
I agree, what's happening in crypto now could make it so that I don't have to worry about working anymore. The people who keep mocking have been doing so for 14 years or so now...
B
Well if you look at Bitcoin for example it's a technology which gives you assurance that you own your money. It solves age old problems such as:
Byzantine fault - Wikipedia
en.wikipedia.org
So do you want to trust the fed which are just trolling you... or do you want to take the anarchist way and remake the system? I know which one I think is good and it's crypto for me. We need money and crypto is like blending the internet with money, which makes a lot of sense. It's secure and provides an actual way to prove ownership of something.
View: https://www.youtube.com/watch?v=BFCnA5OjrEE
I understand the technology and appreciate its usefulness (no ledger fudging is huge, for example). My primary concern is that the bankers behind the governments will simply order their stooges to make owning, selling, and using cryptocurrencies illegal, if they're unable to control it, which they fundamentally can't, from a technical standpoint. If that comes to pass, all of the money put into crypto will be evaporated. Nobody will want to buy and hold onto crypto any longer and it will be worthless practically overnight.
The best, worst-case scenario is that the governments who band together and outlaw crypto will give the owners an out: cash in your cypto for our CBDCs or risk fines and/or jail time. Large holders of cryptocurrencies will, of course, want to migrate to places where it isn't illegal, but if all of the governments of the world decide on a centralized, one-world currency in the form of one, global CBDC, where the details of every change in the blockchain is known to them, then what? All of those diamond hands will turn to dust.
The invention of the bitcoin blockchain was a really monumental computer science and mathematics problem. It was thought to be impossible, and the inventor of Bitcoin knew exactly how huge a discovery it was. Literally it was the first "digital" thing that cannot be copied and can be safely transferred over the internet. You can't steal bitcoins, you can't copy them like you can copy a file. It's a gigantic mathematics problem that's constantly running on the internet, and thousands of computers around the world are all constantly computing stuff to generate new bitcoins and transfer them safely. All other cryptocurrencies are just copies/clones of the bitcoin software, but they can't copy the actual bitcoins.
The value of bitcoin is essentially equal to (and protected by) the entire computing power of all computers connected to the bitcoin network.
You sound like someone from 2018. The USA has declared Bitcoin a commodity which is some of the most bullish news this year; Crypto.com has recently entered the WEF. I doubt anything will happen to Monero. Monero is a hedge against CBDC's and government evil. Sure, it might not work out, but for the forseeable future, CBDC's are not a threat. Even America has stated that it's not thinking about creating their own CBDC yet, so unless you already live in a cucked nation like China you're fine for at least 2 years, which is all that matters; in that time, you can swap your Bitcoin for a house or USD if you'd really like to.
Governments may band together in the future but that doesn't matter. You're supposed to diversify your investments but crypto is the best investment right now basically, so it should be in your portfolio at least. Even if they force us into CBDC's, the fact is that your tokenized assets will be transferable and will still be valuable. This fantasy which you envision where they'll be authoritarian and make our cryptocurrencies worthless is outdated. Do you really think that America for example would want to wipe out its own country's investments? No way that this makes sense. Bitcoin is bigger than the government at this point. That's kinda the whole point.
This. Bitcoin is the creation of a fungible digital asset. It's the creation of an entirely new asset class. It's actually very important to be able to create something which is fungible, if you think about it. People in the past thought of digital things as essentially worthless because for example, in a video game, it can be taken away from you. Bitcoin can't just be... taken away from you, unless you lose your private key, go to prison, etc. Some company can't say "I don't like what you said" etc. This is why blockchains are pretty cool things. Hopefully one day we can see video game items on blockchains etc. at that point you'll "own" your items universally and it won't just be worthless once a new game comes out etc. Bitcoin has moved us forward. It will always be valuable due to its epic history.
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That doesn't make Bitcoin worthless or stop working. This is from 7 years ago and explains it well.
View: https://youtu.be/C_zeEEjf9_Q?si=xZbJsYB3IIyjurD0
B
Well, just two years ago China banned all cryptocurrencies. I'm sure in 2018 people didn't think it would happen (at least, not so soon anyway). It's always a fantasy (or cope) right up until the point when it happens, just like everything else.
If it means maintaining control over their country's economy, then yes, easily. Bitcoin and all other cryptocurrencies are an extremely small percentage of the entire US economy anyhow. It could disappear overnight and it would barely be a noticeable blip. There'd be a lot of media and internet noise over it, but it won't drastically affect anything in the current status quo, honestly.
Yes, it'll just become a black market item. Maybe "worthless" wasn't a fair estimation, but making it illegal obviously means you can't trade it on the legal market, so only there it would become worthless.
I'm for cryptocurrencies, for all kinds of reasons, one of which is keeping it free from the tentacles of the government. I just don't think that having a currency that banks and governments don't control is something that will be tolerated for those whose sole function is control (of currency, in this case).
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Hong Kong has recently brought back crypto. It's sort of China. When crypto is doing well, China artificially suppresses the price in order to stock up. They're playing 5D Chess and you're falling for their tricks.
Worrying about BItcoin being killed by the government doesn't make sense. It's an investment like anything else. Stay diversified. Worrying that Bitcoin will be shut down by the government, once again, doesn't make sense. As I have already said, the SEC (an American agency) has declared that Bitcoin is a commodity. The support doesn't get any better than that.
One day the black market will take over and reign supreme in the case of drugs for example. This is what Bitcoin is, also. Eventually with enough time, things change, Bitcoin and other crypto is an investment in that future. If your only argument is that it could for some reason be banned that's really weak. Not to mention the fact that it won't happen anytime soon. The potential gains are too high to be worrying. It's like worrying that you could lose $50 in 2011 on BTC when it has a high chance of turning into $10,000. You can continue worrying, that's fine. It doesn't change a thing. But by 2025 BTC is probably going to be $100k to $250k maybe more. Crypto is huge rn.
A $1 trillion market which was $3 trillion in 2021 is not an unnoticeable blip. With SEC declaring Bitcoin as a commodity, it really doesn't make sense that you think they'll make an unprecedented move and simply ban crypto. On what ground could they possibly do so? You can't just ban a commodity. The likely reason why crypto has been suppressed for so long by the world is only because it's inevitable. Keep the price down artificially and stock up cheap while the plebs FUD. The US Dollar could collapse in value and BTC could be the flight to safety we need. Only time will tell. However I'm not worried. I believe these cryptos will stay forever and appreciate massively over time, even if the original tech is replaced.
They hated him because he told the truth
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