Bitcoin is a Ponzi

[Bboystyle]

@lib123 looked so fukking silly throughout this thread 3 years ago

 

[GoldenGlove]

I mean I get the premise of your point, but NVDA's volatility has pretty much been the same as BTC's since the pandemic hit. It dumped from ~$350 in November 2021 to ~$108 in October 2022 (numbers not precise just looking at the chart in fidelity since I hold a tiny amount of NVDA because it took off before I could really build a position) and is now sitting at $773....That's nowhere near stable....

With the emergence of genAI and the demand for chips for compute purposes, I'm more confident investing in that because I clearly see it's purpose. I know for sure that where things are headed, NVIDIA will be pivotal to powering damn near everything tech related across every industry.

 

[OsO]

Perfect time to buy at it's peak huh?

Is Bitcoin going to continue to go up?

There's your answer.

That or you can try and time the market and get in at a lower price, nothing wrong with that either. But if you're a new investor and don't feel like tracking it and doing the research then buy now, invest in it monthly, and check it again in 2030 when you're ready to cash out. Buy and hold FTW

 

[the bossman]

yo this thread is STILL here?

 

[Still Benefited]

@lib123 looked so fukking silly throughout this thread 3 years ago

Upping for the potential redemption arc

 

[DrHackenbush]

brehs in this thread

 

[Formerly Black Trash]

brehs in this thread

Had to check my crypto cuz you posted this

Thought I p shot up to a $1000

 

[winb83]

brehs in this thread

Saying it’s a Ponzi scheme isn’t saying it’s a bubble though.

 

[ConPHIdential]

Upping for the potential redemption arc

It’ll hit 250k+ and possibly 7 figs or more until that happens. He’ll eventually get it though.

As above, so below.

 

[DrHackenbush]

Saying it’s a Ponzi scheme isn’t saying it’s a bubble though.

True but the premise is the same, eventually it'll crash and go to 0

 

[Bushmaster69]

True but the premise is the same, eventually it'll crash and go to 0

That wont be for another 6-10 years from now.

Might as well cash out on the stupidity, and hodl utility coins/tokens until then. Once all the smoke clears utility (AI / iso20022 compliant crypto) will be the only ones standing.

 

[Yaboysix]

Nyggas in here actually BALLING And "Touching" the money from crypto??

 

[Bushmaster69]

Nyggas in here actually BALLING And "Touching" the money from crypto??

Bought back in 2013 for a less than $30 and again in the current dip.

So yes.

 

[Yaboysix]

Bought back in 2013 for a less than $30 and again in the current dip.

So yes.

So how much can you withdraw Right now if you wanted to?

 

[Bushmaster69]

So how much can you withdraw Right now if you wanted to?

Enough to retire early very comforably.

I cant pull everything out so easily though because of the exchanges policies and the size of my wallets. I wouldnt do that anyways because the coin will go higher before this all comes crashing down.

Then we will return to the glorious days of focusing on utility instead of hype and memes