Bitcoin is a Ponzi

[Master Teacher]

Who gives a shyt man..there's been NO easier money in the last 5/6 years than crypto. People who have been around already know its a scam/ponzi but in the end what does it matter, the money it generates is real. I know someone who bought 0.5 eth of a Uniswap shytcoin the other day (MCC) and 3/4 days later sold it for 1.6 million. Where else can you make that kinda money that quick?

Yeah if you got in at the beginning, that's the problems with bubbles you don't how big they are going to get or when they are going to burst

when crypto is finished a lot of people will lose everything

 

[itsyoung!!]

What comes out of the ATM?

Gotta be paper USD right?

But you dont need USD to get bitcoin

 

[lib123]

Who gives a shyt man..there's been NO easier money in the last 5/6 years than crypto. People who have been around already know its a scam/ponzi but in the end what does it matter, the money it generates is real. I know someone who bought 0.5 eth of a Uniswap shytcoin the other day (MCC) and 3/4 days later sold it for 1.6 million. Where else can you make that kinda money that quick?

What coin was that?

 

[lib123]

Yeah if you got in at the beginning, that's the problems with bubbles you don't how big they are going to get or when they are going to burst

when crypto is finished a lot of people will lose everything

Yeah exactly and vast majority of people with paper gains will get crushed from HODL and taxes next year. They’ve been taking out loans against portfolios and selling here and there to buy things, thinking they have a reliable nest egg.

 

[DaddyFresh]

El Salvador is lead by a retarded millennial tech bro
This is not something I would advertise as a showing of validity.

Agreed. But he’s not retarded he just a face a poster boy for some entity/conglomerate. He’s basically a mascot and president in name only,

 

[ORDER_66]

Since Bitcoin has no physical object attached to it, what else could the choices be?

Its used as a wallet to wallet transfer... IF you have one. And also can go the other way if you have Bitcoin and short on Physical cash you can transfer Bitcoin from your wallet into physical cash... you can Google iT yourself

 

[ORDER_66]

investing in SPY which is the total S&P500, the safest and smartest investment you can make would’ve given you 106% of returns over 5 years

5 years nikka!!! 5 years!?! 106% Thats it wtf lmfao you got me dying right now!!! If I told you how much my $20 worth of Saitama is right now you wouldn't believe me!!! fukk waiting 5 years!!!

 

[lib123]

Also, if China and Russia were willing to use social media to influence the US elections and sow civil unrest, don't underestimate them getting involved to exacerbate a crypto crash.

 

[Chrishaune]

Also, if China and Russia were willing to use social media to influence the US elections and sow civil unrest, don't underestimate them getting involved to exacerbate a crypto crash.

They do it already.

 

[Standing on business]

This is a lie

investing in SPY which is the total S&P500, the safest and smartest investment you can make would’ve given you 106% of returns over 5 years


What you’re describing is literally gambling and it’s the reason so many people are FOMOing into this nonsense

100% return in 5 years for an investment is pretty laughable. CB stimulus will give you a 300% return in 3 days. Did it on 3 different occasions this year. I have nothing else for this thread though.

 

[ORDER_66]

They do it already.

Dude been under a rock with what China been doing in crypto late ASF

 

[Ghost Utmost]

Its used as a wallet to wallet transfer... IF you have one. And also can go the other way if you have Bitcoin and short on Physical cash you can transfer Bitcoin from your wallet into physical cash... you can Google iT yourself

Bitcoin wallet to Bitcoin wallet is what I would call a.feature. Allows you to transact the immaterial Bitcoin.. in a similar way to however you do it without the "ATM". Your app on your phone or whatever.

For it to be an ATM, doesn't it have to spit out some currency?

I say yes. And. As an ATM... not a kiosk where you can trade digital cash ... as an ATM is spits USD.

I did Google it. I already knew the answer before I looked it up.

 

[lib123]

They do it already.

I know but they could ramp it up.

 

[ORDER_66]

Bitcoin wallet to Bitcoin wallet is what I would call a.feature. Allows you to transact the immaterial Bitcoin.. in a similar way to however you do it without the "ATM". Your app on your phone or whatever.

For it to be an ATM, doesn't it have to spit out some currency?

I say yes. And. As an ATM... not a kiosk where you can trade digital cash ... as an ATM is spits USD.

I did Google it. I already knew the answer before I looked it up.

Ohhhh good for you did you learn anything else???

 

[CrimsonTider]

100% return in 5 years for an investment is pretty laughable. CB stimulus will give you a 300% return in 3 days. Did it on 3 different occasions this year. I have nothing else for this thread though.

That’s not laughable when it’s a damn near continuous stream up. Set it and forget it

crypto is something people are nervously checking every second because there’s no rhyme or reason for the gains or losses