ogc163
Superstar
Smh these cats have no fuccing shameNew avenues of black wealth though.
Put your money in an unregulated,easily exploitable market with zero tangible connections to anything brehs. We all getting rich!
African-Americans Outpace Whites & Hispanics In Cryptocurrency Investments, A New Avenue to Wealth
- Thread starter ogc163
- Start date
NZA
LOL
might be time to get off exchanges...
NZA
LOL
shoeshine boy indicator, LOL
It's not lost until it's sold.
For black people's sake, I hope no one sells.
With a recession looming, that may not be ideal.
It's the exact opposite - when you buy crypto, all the money you spent is lost to you until its sold. You can't use the money for a different investment, you can't use the money to pay for other things, you can't give the money away to other causes - all opportunity cost is lost and there potential remains that all future value is lost too. You are not "even" until it is sold, you are without anything tangible until it is sold.
It's not like a tangible asset, or property, or relatively stable "fiat currency", or a government-backed bond, or even stock in a secure company, all of which have a certain root value at their floor, because its value is based entirely on speculation. Its value could literally be nothing by the time you cash it out, and since you can't do anything with it until you cash it out, it's current value to you might as well be nothing.
Not gonna say I told you so. Just hope people got out in time.
New avenues of black wealth though.
Put your money in an unregulated,easily exploitable market with zero tangible connections to anything brehs. We all getting rich!
It pisses the fukk out of me because I talked about this repeatedly over the last year and caught nothing but derogatory insults, attempts at character defamation, and straight lies from the "crypto boys". Who were not only promoting crypto but in many cases telling posters to buy in ASAP and making ridiculous and soon very false claims about where crypto was going to go next. And you know people lost money over that.
Finurah Contributor2-3 minutes 10/26/2021
After years of being skeptical about bitcoin, Black Americans are leading the cryptocurrency revolution in 2021.
A recent Harris poll found that 23 percent of African-Americans own cryptocurrency, compared to 11 percent of white Americans and 17 percent for Hispanics.
Stock photo (Pexels)
A 2021 University of Chicago survey of 1,004 young adults 18-29 found that 34 percent of traders were people of color who bought crypto over the past 12 months.
Many African-Americans are using bitcoin after being left out of traditional banking and wealth building, according to Ramona Ortega, founder of My Money, My Future.
Even unbanked Black Americans can create a bitcoin wallet and transfer their funds online or through bitcoin debit cards. Unbanked people can also use bitcoin low-fee debit cards like Bitpay or Paxful.
“When we look back at how wealth is built in this country, so many of those opportunities were not even available or were taken away through regulation and or redlining,” said Ortega.
What Is Bitcoin?
Bitcoin is the first and most well-known cryptocurrency – a decentralized digital currency. Unlike the Federal Reserve-printed dollars, bitcoin and other kinds of crypto aren’t tied to any federal bank.
Bitcoin runs on a blockchain, the digital ledger that tracks each bitcoin transaction, and a network of miners records the transactions on the blockchain.
Bitcoin has a high value to some investors because there will be a finite quantity of the currency of 21 million bitcoin. While bitcoin’s value has been volatile, its current value has more than doubled since June to $65,000.
Where Can You Buy Crypto?
Crypto is purchased on finance apps like Robinhood, CashApp, and PayPal. To buy crypto on PayPal, investors need a linked debit card or bank account. The fees to buy crypto on PayPal vary depending on how much an investor buys. The fee is 2.50 percent if the sale amount is $25-100. If an investor is purchasing $1,000 and up worth of crypto, the fees go down to 1.50 percent.
news.yahoo.com /african-americans-outpace-whites-hispanics-202900463.html
choc_cardigan
Squad
I know someone who is getting into crypto and forex by listening to people on clubhouse. I'm hoping for the best 
i got some blakknutsakk NFTs if he's looking to invest. 10ETH eachI know someone who is getting into crypto and forex by listening to people on clubhouse. I'm hoping for the best
join the NSYC
ExodusNirvana
Change is inevitable...
ogc163
Superstar
ogc163
Superstar
88m3
Fast Money & Foreign Objects
The Bitcoin Crash Is Taking El Salvador's Big Bet With It
The value of El Salvador's Bitcoin hoard is down 50 percent amid an ongoing crypto crash.
www.vice.com
88m3
Fast Money & Foreign Objects
Saw Steph Curry in this happy go lucky ad for investing in crypto yesterday and lost all respect for him
I actually thought he might be a stand up dude but he's just another Jay-Z
I actually thought he might be a stand up dude but he's just another Jay-Z
88m3
Fast Money & Foreign Objects
The QAnon-JFK Cult Is Pivoting to Crypto
QAnon influencer Michael Protzman, known to his followers as Negative 48, is teaching followers to invest in a cryptocurrency network.
www.vice.com