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Old 06-22-2022, 05:50 PM   #851 (permalink)
ask me about cosmology
 
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It's cheap cause there was a crash, dude.
yeah yeah, that last bull run was major, its now in a bear market, deep in one too. Now would be the time to buy "low" so you can sell "high", nfa.

We chat about crypto in many threads over at City-data. So much they merged all the threads. but there still are about 3-5 main threads going.

https://www.city-data.com/forum/inve...ds-merged.html
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Old 06-22-2022, 05:51 PM   #852 (permalink)
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https://www.youtube.com/watch?v=ZXTqOXmDRfk
about to share to boxden^
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Old 06-22-2022, 06:31 PM   #853 (permalink)
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yeah yeah, that last bull run was major, its now in a bear market, deep in one too. Now would be the time to buy "low" so you can sell "high", nfa.

We chat about crypto in many threads over at City-data. So much they merged all the threads. but there still are about 3-5 main threads going.

https://www.city-data.com/forum/inve...ds-merged.html
But since it doesn't produce anything the only way crypto gains is if people put money into it as an investment, and having cratered what reason is their to believe investors would have faith that enough people will invest again to make up for all the money the whales just took out?
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There is only one bright spot and that is the growing habit of disgruntled men of dynamiting factories and power-stations; I hope that, encouraged now as ‘patriotism’, may remain a habit! But it won’t do any good, if it is not universal.
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Old 06-22-2022, 06:44 PM   #854 (permalink)
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But since it doesn't produce anything the only way crypto gains is if people put money into it as an investment, and having cratered what reason is their to believe investors would have faith that enough people will invest again to make up for all the money the whales just took out?
For the most part, it's money; so faith in its backing is part of it. If you're not comfortable investing in Bitcoin or Ethereum; then don't?

batlord probably was all-state at baseball in high school!
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Old 06-22-2022, 07:34 PM   #855 (permalink)
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1. It's not money. It's a tradable security like a stock. Whatever small use cases of this or that store taking Bitcoin, on any meaningful scale it is not money.

2. As essentially a stock it has no value added to it by people buying cars or toasters or Netflix subscriptions, only people buying into it as an investment, which is circular reasoning since if the only money being put into it is so that money can be taken out of it, it can only function either as currency (which due to its volatility it does not) or as a ponzi scheme where most of the people who pay into it receive nothing so that the few whales who do get paid get more than they put into it.

Why would I have any faith that anyone would put any money into a rugpull that's already been pulled? I'd be buying something with all its value already removed in the vain hope other people would be dumb enough to do the same, when they could just as easily invest in a brand new rugpull without the stink of failure on it.
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Originally Posted by J.R.R. Tolkien
There is only one bright spot and that is the growing habit of disgruntled men of dynamiting factories and power-stations; I hope that, encouraged now as ‘patriotism’, may remain a habit! But it won’t do any good, if it is not universal.
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Old 06-22-2022, 07:42 PM   #856 (permalink)
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1. It's not money. It's a tradable security like a stock. Whatever small use cases of this or that store taking Bitcoin, on any meaningful scale it is not money.

2. As essentially a stock it has no value added to it by people buying cars or toasters or Netflix subscriptions, only people buying into it as an investment, which is circular reasoning since if the only money being put into it is so that money can be taken out of it, it can only function either as currency (which due to its volatility it does not) or as a ponzi scheme where most of the people who pay into it receive nothing so that the few whales who do get paid get more than they put into it.

Why would I have any faith that anyone would put any money into a rugpull that's already been pulled? I'd be buying something with all its value already removed in the vain hope other people would be dumb enough to do the same, when they could just as easily invest in a brand new rugpull without the stink of failure on it.
fam just go complain to people about crypto on city-data.
https://www.city-data.com/forum/inve...ds-merged.html

#26th!
this just happened.

https://www.youtube.com/watch?v=oZ9khJrFyDM
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Old 06-22-2022, 07:59 PM   #857 (permalink)
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**** that ****ty forum. Stay on that copium, bitch.
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There is only one bright spot and that is the growing habit of disgruntled men of dynamiting factories and power-stations; I hope that, encouraged now as ‘patriotism’, may remain a habit! But it won’t do any good, if it is not universal.
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Old 06-22-2022, 08:44 PM   #858 (permalink)
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**** that ****ty forum. Stay on that copium, bitch.
That is such a home run comment sir!
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Old 06-23-2022, 11:44 PM   #859 (permalink)
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Basically you're David Hasselhoff.
Gentle Giant Catalog Review

The entire Ditty Bops catalog reviewed
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Old 06-23-2022, 11:52 PM   #860 (permalink)
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this was tonight^

Yankees having a great start to the season
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