African-Americans Outpace Whites & Hispanics In Cryptocurrency Investments, A New Avenue to Wealth

[Redguard]

I want you to disprove Palmer's statement that from his own intimate knowledge of the industry, it's basically a right-wing scheme for rich insiders to collude to take advantage of desperate and naïve people with as little regulation as possible.

I want you to disprove Palmer's statement that good faith debate is almost impossible because the crypto advocates don't want to engage in it.


In fact you're proving his statements true. Rather than engage in good faith debate, for the 4th consecutive comment you've engaged in false ad hominem attacks. Anyone who disagrees with you is just "ignorant" and uninformed according to you, and you refuse to change your stance even after the opposite is proven.





The typical discourse level of get-rich-quick scammers, right in front of our eyes.

Intelligent discourse on any topic on this site is a rarity. Mainly due to the majority of users on this site.

 

[lib123]

Bookmarking this thread. It will be fun to revisit this in 2-3 years. A lot of people are ignoring the revolution occurring right in front of them…

Crypto isn’t more revolutionary than the Internet, yet tech stocks tanked 80% from their 2000 peak over the following 1-2 years. Many dot-com stocks disappeared.

 

[lib123]

Watch the gov pull regulations on it because the black man eating

If anything, the government pulling regulations will prevent more Black ppl from entering and eventually losing money when it busts.

 

[lib123]

Intelligent discourse on any topic on this site is a rarity. Mainly due to the majority of users on this site.

Either they’re ignorant of past bubbles (2000 dot-com) or pushing crypto because they intuitively know the bubble needs more new investors to keep growing, like a Ponzi scheme.

 

[Professor Emeritus]

Either they’re ignorant of past bubbles (2000 dot-com) or pushing crypto because they intuitively know the bubble needs more new investors to keep growing, like a Ponzi scheme.

The bolded is the most obvious thing ever - it's the very foundation of the shyt-coin craze. Every single thing those Reddit posters do to pump that shyt sound EXACTLY like a ponzi fraud or a cult. "We're in this together! Hold the line! Never sell! Buy the dip! Don't give in! We're a family! We're a team!" I have expect to hear "Where We Go One We Go All!" from them pretty soon.

I mean, this is the level of "thought-out discourse" you'll see in some of their stuff:

 

[lib123]

you clearly don't understand the space if you think crypto and blockchain have the same value proposition as "any other speculative asset".

and yes, the market is very volatile and most of that is driven by speculation as it currently stands, but bitcoin (and crypto in general) has also been the best performing asset in the past decade. and it's still early. this is not going away. this is the internet in the late 90s.

What happened to the people who invested in the non-existent dot-com stocks in the late 90s? Or those who invested in blue chips like MSFT that took 13+ years to recover after peaking in 2000?

 

[lib123]

We need this money fam all avenues in mainstream america been taken over by the jews, whites, asians and mexicans we have to get in where we fit in. forex, crypto, stocks this is a good thing... I understand the shadiness of forex trading but it's black people will be a permanent underclass in a few years desperate times, call for desperate measures and we need to be at the forefront of anything financial before other groups get a solid foothold...

Lol other groups been had a solid foothold in everything financial before Black folks. By the time Black folks are participating in large numbers, the crash is imminent. Hate to say it, but it's true.

 

[lib123]

All what babbling?

Are you seriously trying to convince people that crypto is the path to guiding black people to a "better economic future"?

It's the lottery mentality. Instead of putting in the real work via reducing frivolous consumer spending, saving for the future, and practicing group economics, too many of us want a winning lottery ticket via crypto.

 

[Propaganda]

What happened to the people who invested in the non-existent dot-com stocks in the late 90s? Or those who invested in blue chips like MSFT that took 13+ years to recover after peaking in 2000?

they lost money. and the internet still exists. what's your point? that there are bubbles? no shyt.

 

[SwizzLake]

It's the lottery mentality. Instead of putting in the real work via reducing frivolous consumer spending, saving for the future, and practicing group economics, too many of us want a winning lottery ticket via crypto.

That's dangerous thinking and it is unfortunate.

 

[88m3]

Bitcoin-linked ETF heads for worst day since its October debut, as crypto fights to recover from Saturday swoon

 

[Professor Emeritus]

they lost money. and the internet still exists. what's your point? that there are bubbles? no shyt.

Only the internet assets that had legitimacy, purpose, and the most sound plan still exist. The bullshyt ones died when the bubble died and lost everything. Hell, even some of the decent ones couldn't survive. It's not like you can say, "Well, the stock went back up afterwards, it just took a while." No, those stocks died and were gone forever. Only the ones with business plans solid enough to survive the crash went back up, the others were investments gone for good.

That's something a lot of folk don't seem to realize about bubbles. Unless you cash out first, then you're not just in danger of slowing down your gains. You can lose literally everything you have in the game and it ain't never coming back.

 

[ORDER_66]

 

[Capital Steez]

I feel like the institutional whales that have been making up a majority of most crypto coin’s market cap are beginning to pull the rug.

 

[lib123]

Only the internet assets that had legitimacy, purpose, and the most sound plan still exist. The bullshyt ones died when the bubble died and lost everything. Hell, even some of the decent ones couldn't survive. It's not like you can say, "Well, the stock went back up afterwards, it just took a while." No, those stocks died and were gone forever. Only the ones with business plans solid enough to survive the crash went back up, the others were investments gone for good.

That's something a lot of folk don't seem to realize about bubbles. Unless you cash out first, then you're not just in danger of slowing down your gains. You can lose literally everything you have in the game and it ain't never coming back.

And the solid companies that survived (eg MSFT, CSCO) took 13+ years to reach their 2000 peak.