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29861418 No.29861418 [Reply] [Original]

Cryptocurrency is a massive scam.
There is no way that you can justify the valuations.
This is exactly like the internet bubble of 2000.
99.9% of your coins will become worthless. Maybe 1-2 will survive, similar to Amazon and Google today, in some shape or form.
There are projects which are literally created by 1 person and within 2 years have a $5,000,000,000 market cap attached to them, despite having no real life use case. This is again exactly what happened in the internet bubble where it was a 'new paradigm' of 'infinite earning potential' and 'potential P/E' ratios.
If you have serious money in crypto, then you are likely an analytical and intelligent person. You will do well picking undervalued stocks that have real assets, produce real goods and services, and produce cashflow/dividends, which create real underlying value.
Yes fiat currency is a scam, but that doesn't justify your own crypto scam. Just learn to invest in legitimate things.
There is no way you can convince me that some code that a bunch of autists packed together is worth $5bn, $10bn, $50bn or more, and won't come undone with the passage of time. There are actual real companies built over decades with real products that work with huge reputations and wide-use that you can buy for the same valuation that will also pay you a dividend too, while still having growth potential globally.
This is a crypto-bubble, sell everything you can while you still can. It is backed by literally nothing except twitter bots gaslighting the population to buy your shitty ethereal tokens.

>> No.29861724

>>29861418
Nobody cares, faggot. Stay poor.

>> No.29861742

>>29861418
You’re partially right but your bread format tells me you’re a faggot
>motion denied on grounds of faggotry

>> No.29861785

i know

>> No.29862011

>>29861418
Hell yeah its a bubble and its not popping until September so you can tongue my new paradigm asshole bitch

>> No.29862091
File: 6 KB, 250x245, 1614248496132s.jpg [View same] [iqdb] [saucenao] [google]
29862091

>>29861418
ok boomer

>> No.29862161
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29862161

>>29861418

>> No.29862215

>>29861418
>Maybe 1-2 will survive
good thing i only have 2 coins.

>> No.29862250

>>29861418
you're right but the music didn't stop yet. a lot of people are gettibg into the game right now while hodlers dump their bags on them.

>> No.29862475

>>29861724
You will stay poor if you keep holding, its a fucking bubble man.... fuck.
>>29861742
If I am right then stop holding these shit coins, you have been gaslighted.
>>29861785
Good, then sell.
>>29862011
Atleast you know its a bubble, you are literally ahead of 99% of the rest of the population.
>>29862091
Im not a boomer.
>>29862161
It is quite possibly the most important thing you could ever fucking read and you cant even be fucked to read it. NGMI.
>>29862215
That's being generous, there is also the very real possibility none exist because they are outlawed in favour of some shitty CBDC.
>>29862250
Surprised so many of you are agreeing with me. If you are knowingly participating in a bubble then that is amazing because I can't hold something I know is inherently worthless.

>> No.29862542

>governments don't want a detailed ledger of all transactions to track their citizens
>randomly billionaires started investing in BTC for no reason at all

its all according to plan, this cycle will continue until everyone is using some sort of traceable currency, paper money is being pushed out and being replaced with something that retards can feel is fighting the "MAN"

>> No.29862569

>>29862475
You know nobody reads wall of text, right? How much the shlomos pay you to be this much of a faggot?

>> No.29862674

>>29861418
It's not. The fiat $ is a scam.
You are right though. There are 8000 different shitcoins in existence right now.
More than 99% will fail. However about 50 will remain to create a new system of transactions.

>> No.29863133

>>29862542
If you replace paper fiat with digital fiat, its the same thing, just dressed up differently. Both are still inherently worthless whether a government chooses to ordain it or not.

What has value?
1) Companies that produce goods and services with positive cashflows and strong balance sheets.
2) Commodities (battery minerals, energy, precious)
3) Real Estate (because you can live in it, you can exist physically within it, this is important for human beings which are physical entities). Can be physical or commercial property.

Everything else is a fucking scam.

>>29862569
I don't give a fuck, I will write what I am thinking, if your IQ or attention span is so low then fuck off - I guess...

>>29862674
Yes, fiat is a scam, but why does that justify running your own scam? All you have done is replace one scam with another one which just sounds fancier.

>> No.29863195

>>29863133
I mean, residential or commercial property

>> No.29863277

>>29861418
okaiiiiiiiiiiii ;3 idgaf

>> No.29863342

>>29863277
NGMI

>> No.29863589

>>29862475
I am the first poster in this thread. We all know it's a fucking bubble, but the thing about bubbles is that they must expand before they burst. WE'RE ALL GOING TO MAKE IT.

>> No.29864084

>>29863589
How do you know once its about to burst though? When do you know that you have hit the peak?

Literally everyone is talking about bitcoin and crypto now, that is usually a good sign that the bubble has hit its peak and that its too late and about to burst.

>> No.29864181

>>29864084
There are plenty of indicators. We have another 1.5 months at least imo. If I'm wrong I'll lose everything. That's the game we play.

>> No.29864533

>99% of my coins will become worthless
>only own 2 coins and very small amounts of them

poorfags win again

>> No.29864607

>>29861418
Lmao see you next cycle.

>> No.29864684

Xrp the standard

>> No.29865003

>>29864181
>We have another 1.5 months at least imo.
That's literally playing with fire.
>>29864533
2 is being generous, and those 2 will still drop 90% in value before they ever become anything again in the future.
>>29864607
There won't be a next cycle after this, it will permanently end because the cost to mine the blockchain of bitcoin will exceed its value.

>> No.29865364
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29865364

>>29861418
https://www.youtube.com/watch?v=eLA8-7Ptcfs

>> No.29865463

>>29861418
If crypto does collapse do tethers like usdt survive? Is it safe to hold money in usdt if you feel a crash is imminent?

>> No.29865564

>>29861418
Thanks, goyim. Just sold it all!

>> No.29865700

>>29865364
>making a video about btc being a bubble as its displaying the classic bubble chart pattern
300 IQ.

>> No.29865743
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29865743

>>29865463
https://ag.ny.gov/press-release/2021/attorney-general-james-ends-virtual-currency-trading-platform-bitfinexs-illegal

one NY resident with a VPN is all that is needed now to pull the plug. Tether has now been put on notice and AGs around the world will have a field day. usdt is not safe

>> No.29865769
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29865769

>>29861418
none of this applies to monero, right guyz??

>> No.29866620

>>29865743
Then what do you do if you don’t wanna convert to fiat? Any other tethers to go into?

>> No.29866651

>>29861418
You're a retard. Crypto goes through cycles but the technology is real and useful. You're just a boomer too stupid to understand. Also, even with the ups and down the upward trend is up. Crypto is way better than shitty stocks.

>> No.29867463

>>29865769
Possibly, I guess.
Monero is actually useful to buy and sell stuff without anyone noticing it.

>> No.29868425

>>29866620
BSV.

for something somewhat stable usdc or dai.....you still have counterparty risk though.

for protection from the storm , Gold and silver.

>> No.29869798

>>29861418
Nigga if you bought ADA or GRT 3 months ago you'd be relatively rich by now, and there are many more coins but these 2 were the obvious moons, just stfu

>> No.29869830

>>29861418

no shit crypto is a scam

but theres money to be made off this scam so either youre in or youre out

pussy boy