Time to short then?
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I need to stop responding to you lads but it's hard not to when you make such bold statements, your claims are completely biased think of all the bank failures, corruption, gambling businesses, fiat cash laundering, political lobbying, manipulation of rates and currency, collapsing of housing markets and stock markets, the amount of scum who have been jailed, lost funds or disappeared and then maybe just maybe you'll see you are truly the one who is part of a notorious group playing fiat because your chosen governments holds you prisoner in it's fiat network, by keeping most of the population in debted slaves whilst they devalue your currency and make you believe your house is worth more, eh NAH mate your house isn't worth more, your currency is just being devalued by a chosen few!! You can't buy more with your new home price cause everything else has risen in price also, so you have to continue running on the hamster wheel just to stay afloat, long hours, less family time, more risk, more debt
And the best part they'll tax you the entire way, and when you finally pass away your family will be taxed for anything you manage to pass down for the majority of people, unless you know how to bypass it, which only a select few know how to do, Fiat Ponzi
Thank you for the response. I also know about some Fiat ponzi. I got good grasp of knowledge on that after attending a good lecture series last year. Even in the crypto world there had been fonzi scheme. MY mobile was added by somebody to one such scheme last year. Financial world is not 100% perfect. In other words we are sitting on a top of valcano. At any time can burst.
You should attend more of those series, that ain't nothing. The fiat Ponzi is much deeper than the subtle things we see in our daily lives.
Don't forget crypto is a sickness of the fiat ponzi, bulk of crypto is fiat, hence why they sell their garbage tokens for fiat and continue to chase higher returns to compete in fiat Ponzi.
In the Bitcoin world, if you truly study and learn you want more Bitcoin every month than the last, hence why so many long-term holders continue to accumulate, it's better than gold! Sorry gold bugs but it simply is, you want to sell your fiat for bitcoin, unless you're a fiat minded bitcoin trader you sell your bitcoin for fiat then chase the price up getting less bitcoin every year
got paid to go for a walk this morning ............ stepn lol
I'm Stating the obvious ... so many without any experience in the markets are trading Crypto .. easy money...
the big end of town loves making money from the dumb retailers ...they join the pump
Salty well I invest in real companies producing minerals energy etc .. they are being priced right near the bottom of the cycle many trading on P/E sub 5 !!!
then you have retail funds flowing into the dead hole of Crypto ...for what ?? whats the user case it's pure BS
I like 99.9% of humans consume and am so glad many have invested in commodities so I can have a home and car and phone, internet, power,fuel etc. x 100,000
All Crypto does is CONSUME ENERGY to fulfil the greedy holder's beliefs fiat money is worthless and they hold DIGITAL GOLD as it took energy to create ..so does art ...
now I don't disagree fiat money's intrinsic value is only given by the tender value we humans give it .. aka take that NZD note of tender value to another country is has zero value ...unlike say a GOLD coin ...that has value everywhere
BTC is not GOLD ....as much as the advertising has ordained it .. funny thing is all the advertising and celebs that are paid to promote Cryptos aren't generally even paid in it ..very few businesses will take BTC ..
yet I've heard its bigger than the internet ****OFF
Crypto is not easy money, most of retail gets ruined.
You are right, Bitcoin is not gold, good observation JB.
All things consume energy JBmurc, that's how things are produced, from consuming energy, learn a little
You've been reading too many Washington post articles from journalists about energy consumption on Bitcoin, that narrative is slowly being proved wrong like your salty attitude has regularly been wrong also, read from the engineers or energy grid operators, not some spotty journalist with an agenda.
Should you not look at retirement businesses, milk companies, or environmentally damaging gold mining companies and leave the innovation to those who put in the work