The more I look into crypto, I just can't believe this shyt is as popular as it is. When this bubble burst, whats gonna happen to the financial system

O.Red

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Yea but the difference is the U.S Gov backs dollar. BTC is backed by Tether, and Tether claims a lot of its assets are BTC.
Shyt at this point I would argue that the US dollar backs BTC as well:russ: Their fates are intertwined
 

jilla82

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yall watch videos with one particular point of view (negative) and then come to a conclusion as if you have a full perspective

youre not actually learning about crypto when you do that...
its not going away

youre just tricking yourself out of making retiring early type of money
 

O.T.I.S.

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And another thing

Are you Bitcoin millionaires using it? I just never seen it transferred in real life.

I assume people are transferring it to cash or using it to purchase things. I havent taken anything out or even put anything back in recently because all I saw was this shyt losing money but eventually gaining it back only to lose it again. I felt like it was a waste of time and resources

I don’t have the time or patience to watch this all day. So I just let shyt sit. I don’t even check it anymore
 

jilla82

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And another thing

Are you Bitcoin millionaires using it? I just never seen it transferred in real life.

I assume people are transferring it to cash or using it to purchase things. I havent taken anything out or even put anything back in recently because all I saw was this shyt losing money but eventually gaining it back only to lose it again. I felt like it was a waste of time and resources

I don’t have the time or patience to watch this all day. So I just let shyt sit. I don’t even check it anymore
regardless on how you feel about it you should own some BTC
I would add ETH to that as well

It takes a lot of work and studying to get a decent understanding on how/why this will all work...
at least read the BTC whitepaper

to answer your question...
yes people make real money...millions of dollars

the problem is folks jump right into memecoins and other scams without having any real belief in the space...
they end up gambling away everything they put it

the other side is folks that just want to sound smart by trying to find holes in btc and crypto as a whole.
most of these people havent spent anytime actually looking into how/why BTC/ETH works.

alot of it comes down to them enjoying the feeling of "being too smart for it"...as well as political leanings...
if Liz Warren and crew says its bad it must be bad.
but the reality is Liz Warren is working for the banks.

the same banks that get caught laundering money for cartels and only have to pay a fine as a penalty.

they work for the same FED that constantly prints new money which causes inflation.

this is my story with it
 
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Gloxina

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yall watch videos with one particular point of view (negative) and then come to a conclusion as if you have a full perspective

youre not actually learning about crypto when you do that...
its not going away

youre just tricking yourself out of making retiring early type of money
Right.


Personally:
Last cycle I lost.
This cycle I’m in to ensure I’ve got a handle on this.
NEXT cycle is about life changing money.

There are ppl researching and making money during crypto winters. That’s enough proof for me. 🤷🏾‍♀️

Same way folks learn the market and learn options, etc. There’s money to be made in these markets if we sit and study. These ppl aren’t geniuses; they have capital and the time to dedicate and and figure this shyt out.
 

Tres Leches

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This shyt only exist cause of 2008 financial crisis if the us handled their business the right way instead of indebting the future generations then bitcoin wouldn’t even exist :umad:



And if you haven’t made some bread off it when you had the chance :umad:


Free advice Go buy some ether and hold for 12 months :umad:
 

O.T.I.S.

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regardless on how you feel about it you should own some BTC
I would add ETH to that as well

It takes a lot of work and studying to get a decent idea on how/why this will all work...
at least read the BTC whitepaper

to answer your question...
yes people make real money...millions of dollars

the problem is folks jump right into memecoins and other scams without having any real belief in the space...
they end up gambling away everything they put it

this is my story with it
Oh i definitely know people are making millions and I am familiar with BTC and other coins due to my job having slightly to do with it at certain times.

But for me to get into, I haven’t deep dived head first in it. It hasn’t been a concern of mines lately, but eventually was going to take a class or something on it (already bought the class).

Completely agree with memecoins too. Real BTC/ETH is real money for sure in my mind now. Just can’t jump fully into BTC now unless you rich imo.. you got to buy percentages of a coin or something now.

Plus I got SOME family in it.. i don’t know how well theyre doing tho
 

Problematic Pat

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how is QC a scam?
They want people to believe that a Qubit can exist in 2 states (superposition) 1 and 0. That's illogical. Basically the whole idea of quantum computers is based off Qubits being able to function in 2 states so they can solve problems faster. People who are investing money into quantum computers are being scamed. It's all hype just like A.I.
 

null

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They want people to believe that a Qubit can exist in 2 states (superposition) 1 and 0. That's illogical. Basically the whole idea of quantum computers is based off Qubits being able to function in 2 states so they can solve problems faster. People who are investing money into quantum computers are being scamed. It's all hype just like A.I.

it's not quite that simple. it's not quite in both states as it is in neither of the two states uniquely until decoherence.

you don't believe in superposition?
 
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