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

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There are a thousand different things to invest in...
crypto being one of them...
if one thinks bitcoin is going to $10K...then money can be made....
likewise if one thinks it is going to $100k...
much props to the explorers...


That implies that you can "know" what will happen.


It ignores that in the unregulated and highly manipulated market, people are making moves and forcing shyt up and down without telling you first. A minority of powerful crypto owners making money off of a majority who will lose, with a few others getting wrapped up in the wins by luck alone.

If you can't prove you know more than half the investors out there and can show they're patsies....then you're the patsy.
 

Uncouth Savage

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That implies that you can "know" what will happen.


It ignores that in the unregulated and highly manipulated market, people are making moves and forcing shyt up and down without telling you first. A minority of powerful crypto owners making money off of a majority who will lose, with a few others getting wrapped up in the wins by luck alone.

If you can't prove you know more than half the investors out there and can show they're patsies....then you're the patsy.

we can agree then that there is much money that can be made...
they have a strategy....
BOTS run the market....
trading in milli seconds....
as a huge sell in terra...
all crypto people know bout 51% attacks....

my personal strategy goes in agreement with you....
having no idea what will occur I simple watch for the big moves...
before terra crashed I was seeing much news about "10,000 bitcoins moved from ___ to personal/unknown wallet"...
as with shib when the person that had billions started making moves....

this I will say...and what I am most passionate about....
I am from the caribbean and we gamble cards, dominoes, track, board games, etc
then folks pick numbers....
the numbers thing is whats most important....MILLIONS OF PEOPLE do this....
pick a number and HOPE TO WIN....
the elders would say they dreamt of a number and played it....
people would have strategies about dates and the moon etc....

if you getting my point here....imagine if THOSE SAME PEOPLE playing stupid games of chance were to invest....
whether it be crypto or stock market with mutual funds, indexes etc
THAT IS MY POINT

draw that same correlation between the UNKNOWN gambling and numbers culture black people have to TRADING
that would do us much good...more kids would be into finances and we would PROGRESS better and faster....
hope you can understand the thinking...
trading is a gateway to greater things vs the usual
 

NZA

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But what's the 5%?
metaverse (work, gaming, socializing alternatively), stock market infrastructure (reduce role of marketmaker and their unethical actions), legit defi (banking for marginalized people without bank accounts), lawless defi (criminals and oligarchs), and probably something completely new

basically, web 1.0 and web 2.0 had their excesses and early nonsense causing a bubble which were then followed by revolutionary use. web 3.0 may follow the same path. we are in the pets.com phase of crypto with all these damn ape NFTs
 

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What's funny is Packy is supposed to be an authority on this space. He publishes a highly popular newsletter on Web3/Crypto and is a crypto advisor for a16z (one of the most, if not the most, powerful VC in Silicon Valley).

If anyone, he's the one that is supposed to be able to easily answer that question convincingly in his sleep.
 

null

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The lost art of asking follow up questions.

So much bs in media and culture could be knocked down with a little effort.

what he wanted to say is that the PK would have to be accepted by US courts as proof of authority.

problem is that too many of these high-profile crypto voices are grifters and don't understand what they are talking about.

grift-economy :hhh:

reminds me of this

 
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Majestyx

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metaverse (work, gaming, socializing alternatively), stock market infrastructure (reduce role of marketmaker and their unethical actions), legit defi (banking for marginalized people without bank accounts), lawless defi (criminals and oligarchs), and probably something completely new

basically, web 1.0 and web 2.0 had their excesses and early nonsense causing a bubble which were then followed by revolutionary use. web 3.0 may follow the same path. we are in the pets.com phase of crypto with all these damn ape NFTs
man, i really thought you was gonna Poppa Wu a lil bit in this answer :russ:
 
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