/biz/ - Business & Finance

>dude its called crypto yeah, it's gonna change the world man
>nation states cant control it, it cant be manipulated, its freedom man
>its the perfect store of value bro, its a hedge against inflation, trust me on this okay
>bro this is a once in a century event, maybe rarer, this is a total reformation of the global economic system, and we're lucky enough to be able to capitalize on it
>its like the housing boom x1000 bro
>no nation states cant stop it, when the collapse comes the usa will balkanize and people will sell their soul for a satoshi bro
>yeah 100k next month bro, it literally cannot crash below 50k
>let me tell you about altcoins bro...
>its digital gold
>p2p that means peer to peer, did you know that bro?
>tokenized ledgers man, unbreakable encryption, totally secure
>yeah theres heaps of use cases that arent currency, thats what the altcoins are about
>they all need to be monetized, don't ask me why bro, i just buy em, you should too!
>everythings gonna be tokenized bro, its not just a database its so much moooreee
>when everythings tokenized its gonna be monetized bro, because its gotta be decentralized
>you heard of defi bro
>they wont use a centralized standard for databases bro, they will put it on the market man
>yeah people are gonna be trading on the blackmarket bro
>businesses will FORCE the governments hand man, the government will have no choice
>they cant incorporate the network into user software bro, that'd be too complicated
>whos gonna run the nodes man? i wont run my node for free bro
>you think im gonna mine for free man
>you think this token with a real use is going to get used if you aren't paying me to use it bro
>you heard of torrentcoin bro? its the latest in peer to peer networking, someone figured out a monetization package, we mooning bro

But diversification is key. I have a business going, which itself is diversified into several income flows. Had I been all in, I would have lost everything. One exchange won't cut the mustard in terms of safety. Never leave all your funds on one exchange, and have most of it in cold storage. This experience was a reminder to us all on things we might have forgotten since we have gotten too comfy. Reminder: now that so much money is disappearing from exchanges in panic, and one's withdrawal liquidity completely locked, it will be much easier for the price manipulators to shape the charts how they want. People are far more scared to keep money on the exchanges than they have in years. Expect huge outflows. And remember the safety precautions.

With every minute i realize more and more that i have come to the wrong place, and i must find my own answers. Not only should i not trust in others to give good advice, most that have the heart good enough for that, still lack the capacity for mental thought to give truly meaningful advice. I understand the errors of my ways now. Good luck to everyone. Good night. Admin is invited to close this thread.