#Cryptocrash
- Thread starter nsacpi
- Start date
Until I can go to Kroger, go out to a restaurant, to a bar or even a gas station and use crypto as easily as I can my debit card, I’m skeptical.
I know my bank account is guaranteed up to $250,000. If someone steals your Bitcoin, you have no recourse.
sturg33
I
More and more retailers are adopting it.
And the federal government is not going to protect it's non ponzi schemes
(But they aren't protecting their current one either, as evidence how worthless it is)
If you listened to actual economic advisors that knew a thing (Peter Navvaro) he called for shorting the market in November. I'm sitting pretty and will DEFINITELY be buying in the next 3 months.
nsacpi
Expects Yuge Games
bump from 4 days ago
nsacpi
Expects Yuge Games
bump from May 12
I care more about his incredible instincts and advice as opposed to the spelling of his name.
Can you show me 10 year growth charts of these crypto assets in comparison to some others on the S&P?
Extreme Brownian motion.
LONDON (Reuters) -Bitcoin tumbled on Monday after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers citing "extreme" conditions, in the latest sign of how financial market turbulence is causing distress in the cryptosphere.
Everything is crashing. The beta on cryptos is just crazy high.
nsacpi
Expects Yuge Games
I regret I didn't start a thread on crypto sooner.
It is in some ways at the intersection of many of trends and forces affecting our epoch. A more respectable but also more pernicious and much more pervasive version of QAnon. Many dumb and naive people are being sucked in and hurt. For a bubble to survive and grow it needs more and more new suckers each day. There is by now quite a well-elaborated and extensive recruitment network to bring in these fresh suckers. Those Super Bowl ads were just the tip of the recruitment iceberg. It is a vile form of exploitation of vulnerable and naive people. The whole thing would collapse without a steady supply of new victims.
It is in some ways at the intersection of many of trends and forces affecting our epoch. A more respectable but also more pernicious and much more pervasive version of QAnon. Many dumb and naive people are being sucked in and hurt. For a bubble to survive and grow it needs more and more new suckers each day. There is by now quite a well-elaborated and extensive recruitment network to bring in these fresh suckers. Those Super Bowl ads were just the tip of the recruitment iceberg. It is a vile form of exploitation of vulnerable and naive people. The whole thing would collapse without a steady supply of new victims.
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