clearly you couldn’t…you don’t even know the difference between bitcoin and a stablecoin
Bitcoin is a Ponzi
- Thread starter lib123
- Start date
clearly you couldn’t…you don’t even know the difference between bitcoin and a stablecoin
??? It takes machines and energy, electricity certain conditions and computing power to create a bitcoin... to solve all those mathematical equations to create 1 Bitcoin ...
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Yup I do know that a lot of other counties are going to come out with their own digital currency...My sources tell me Bitcoin was created by the CIA anyway
That energy and electricity has nothing to do with the value. Its literally being wasted just so its harder to obtain.
If you take a 10 dollar bill tie it to a brick and sink it in the ocean. It might be very expensive to go get the money back, but its still just a 10 dollar bill. You didn't increase it's value...
dj-method-x
Superstar
It really is a big scam. Most people have no idea how this shyt works but only see it as a money grab. Just cause there's an opportunity for some people to make money investing in BS doesn't mean it's not some bullshyt.
Boom.
yep. Not saying it’s a truly a scam but most people have no idea how this shyt works. Like not even the rudimentary basics of it.
hell, most people don’t even know that actual money is supposed to be backed by something. I was talking to an “acquaintance” the other day and she didn’t know that money was supposed to be backed by gold and said the way to “fix” what’s going on now is just to print more money.
I looked at her like
Tried to explain the 500lb elephant in the room is inflation and she just wasn’t getting it.
Vandelay
Life is absurd. Lean into it.
yep. Not saying it’s a truly a scam but most people have no idea how this shyt works. Like not even the rudimentary basics of it.
hell, most people don’t even know that actual money is supposed to be backed by something. I was talking to an “acquaintance” the other day and she didn’t know that money was supposed to be backed by gold and said the way to “fix” what’s going on now is just to print more money.
I looked at her like
Tried to explain the 500lb elephant in the room is inflation and she just wasn’t getting it.
Bitcoin wasn't meant as a scam or a pump and dump. It was supposed to be a currency, not an investment. The scam came when people started investing and holding it rather than making it legitimate. You can only make it legitimate when you erase the volatility.
Using the monopoly money analogy always works for me when trying to explain inflation.
Youhadasparkwhenustarted
Superstar
Don't sit there trying to catch falling knives breh. It might take a black swan type of even to ultimately reverse these charts in the near future.
Yeah. The PnD era that came with shytcoins fukked the game up unless you were in on the true moment of the dump.
If we are keeping it 100, the turning point for this shyt was in 2018 when XRP starting mooning. It went from nothing to a little over $3 and that was the altcoin avalanche. But it was when the wild days of crypto (including BTC and ETH) were exciting.
In those days the big banking institutions + shyt like CNBC were trying their best to deny it and it was beyond hilarious. They literally didn’t understand it, saw the flow of $ and were using disinfo to prevent their clients from even considering looking at that shyt.
what I am saying is that you have to have money/supplies/machines/environment to make a bitcoin...it has intrinsic value
34TheTruth
All Star
Bitcoin down 30k since November. Only people getting rich of this are the ones convincing y’all you can get rich off this. And I’m sure most of them already took your money and cashed out. Keep chasing this hoop dream 
Bitcoin down 30k since November. Only people getting rich of this are the ones convincing y’all you can get rich off this. And I’m sure most of them already took your money and cashed out. Keep chasing this hoop dream
When it from 3k to 25 that was the lik right there, that was the chance to get rich people don't realized they missed it
I mean realistically you had up until 2020 to make some serious bread.
and then there were coins that did x10 and x20 over Bitcoin...