ProppaGanda
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Apr 25, 2021 9:04 AM
ProppaGanda
129247
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78
minibois
Obviously it's an upside-down funnel system!
Teaflings
BITCONNEEEEEEEECT WASSUP WASSUP WASSUP WASSUP
PrincessWolf
Cryptocurrency is such a pointless waste of resources. The amount of energy for absolutely nothing of value. Hate it.
iynque
A friend brought me to a presentation at a hotel in which they described their pyramid scheme as “not a pyramid scheme” several times…
iynque
…When asked if I would be buying-in, I said, “No because it’s a pyramid scheme.”“It’s not a pyramid scheme,” they reminded me.
nebbo77
SuspiciousCactus
Its actually value is about 10 Stanley nickels.
REBELnRED
NationalDeluxe
Crypto is a game of musical chairs where the person holding the coins when everyone else figures out they're worthless gets fucked.
oaberbyamd
I was told to invest in doge the day before it went down 50%, never had investing advice before.
TheWalkinDude19
Honestly, at this point I'm for anything that'll make GPUs accessible and affordable again. Or even one of those would be a start.
datester35
That's not the reason this time for the stock shortage, at least for the 3000 series. It was earlier a few years ago though.
Zindarak1
of course not, it's a reverse funnel system
superscout0233
I had some tell me “It’s not a pyramid. It’s an inverted funnel.”
iusedtodream
Bitcoin mining is murder on the environment. Those servers are using 0.6% of global electricity output.
confanity
It really isn't so much a pyramid scheme as it is a bubble with lots of money laundering.
PeterPieRunner
More gets laundered by banks per year. You cant launder crypto because its on the blockchain and verified.
confanity
Thank you for your useless contribution of whataboutism plus a lie. You have wasted everyone's time and made the world a worse place.
PeterPieRunner
I mean when your wrong, you hate being wrong. It sucks, but if you are smart about it, youll learn not to be wrong. Its ok to be wrong.
confanity
It would be OK if you were merely wrong but willing to do something about it. Bad faith BS like whataboutism, on the other hand, is harmful.
PeterPieRunner
Im not wrong. Im right. The fact of the matter is that blockchain tech is 100% reliable and mathematically always correct.
RhinoNaut
It's more like a game of musical chairs, really. But there's only 1 chair for every 3 players, and they're gonna learn about bank runs.
JonatanFuglevaag
Why are they going to learn about bank runs; are you saying there isn't enough liquidity in the underlying assets?
RhinoNaut
People don't own crypto, they have accounts with crypto exchanges. Those exchanges have limited cash.
JonatanFuglevaag
That doesn't sound right. You can keep your assets in your own wallet and stablecoins can be exchanged for fiat some even gold and silver.
Gallow
China controls 80% of BTC hash power. Way beyond 51% required for attack. It’s not as decentralized as it would like you think it is.
MightyDogFart
Those comments are a salt mine jfc, did you all miss the crypto run AGAIN?!
MightyDogFart
Lol the up-/downvote ratio tells me half of you did. Its ok, once cryptos will be cheap again you won't be interested in buying anymore
wetfifty
Wait, you mean Dogecoin isn't backed by anything and it's only value is hopes and dreams? Mild shock. I still made $4k off the jump.
Eniff
This is basically what happened back in Dec 2017. Fast spike followed by a crash.
djzapz
Yep. But even if you bought bitcoin at the absolute peak in 2017, you're around +250% right now. In just over 3 years, that's a good result.
Eniff
Oh I agree.
LordHosk
If you bought Ken Griffey Jr Rookie cards in 1990 at its peak you could sell it for 250% profit in 1993. but by 1996 $0
LordHosk
(waits for BUT THERE ARE MINT CONDITION ONES ON EBAY FOR $2000!)
djzapz
Hey I don't deny that it could all be a trainwreck in the making.
UnimpressedButNaked
Blockchain has been used to track the distribution of covid vaccines. Crypto has real world applications
ProppaGanda
You can do the same with excel spreadsheet
UnimpressedButNaked
Not true. It creates a spreadsheet that is un-forgeable. So there is no chance that a 2nd party comes in and tries to sell counterfeit
UnimpressedButNaked
That's what the hype about crypto is. It is impossible to fake or hack
ProppaGanda
Do you think somebody trying to counterfeit vaccine distribution is an actual problem? Do you think if they would do that they wouldn't just
ProppaGanda
Use sociotechnics to do it "legally"?
glassware
Cryptocurrency is perfectly designed! ... for crooks to steal your money
SoMuchPooPooSon
Cryptocurrency is not a pyramid scheme. We just missed the opportunity.
wrendawg1
There is currently an crypto for your phones that *may* someday be worth real money, I'm trying it out in hopes that it turns into something
datester35
Not sure why this is downvoted, not much to lose trying it out
TheSecondPiewackit
Pi? Yeah, I got nothing to lose with that one.
LazyLoes
Bee too
AcollectionOfOfficeMemes
Bertfisch
If you still think cryptocurrencys are somewhat comparable to pyramid schemes you are just dumb
rapture145
I know right! Why think they are when there are many that actually are. Looking at you SafeMoon and the like...
ChristopherHallett
Yeah, the way that people who bought in to crypto 5+ years ago are making huge profits off of new investors is NOTHING like a pyramid scheme
LordHosk
exactly, they are a ponzi scheme not a pyramid scheme.
Bertfisch
That argument fits basicly every investment you could do..
Imalwaysready
Except most investments have an underlying thing of value. APPLE goes up not just because of other investors, but the company's performance.
tablesquare
Are you gonna buy Apple products with livestock? There’s this thing called currency that makes it easy to buy and sell without bartering.
PeterPieRunner
Have you heard of enron? Companies lie about their finances
whatwouldyousayyoudohere
chasingatrailofsmokeandreason
I love that the "product" is calling cards.
deadsmurfsryumy
I did this exact thing at a Team National event. Sadly my parents had gotten into it and tried to drag me in too. Luckily I didn’t do it
sliveroflight
I love that Michael instantly recognizes the truth in what Jim has just shown him and takes immediate, corrective action.
jasonmanguy
Because it was a perfect image for Michael’s 3 year old brain.
pluto408
Engelic
Wambus
He drew a very clean pyramid
Shinigami4th
Thats a triangle
HenchGoalkeeper66
Your face is a triangle
Erythrotrichophile
You're a triangle.
ClassicFrank
Or a 2D piramid!
ClockworkRepairDroid
Don't worry about bill. He drives a corvette; he's is doing just fine.
rezorrand
AcollectionOfOfficeMemes
prisonmike1991
copingcabana
If you think cryprocurrency is a pyramid scheme, wait until you hear how every other currency works.
ProppaGanda
You mean means of exchange of goods and meditating debt?
copingcabana
So is Bitcoin. All currencies only have value because we collectively agree they do.
ProppaGanda
Yeah no, you can't really buy anything for bitcoin
copingcabana
Same as any currency - you can use it to buy from anyone who accepts it. Try buying a pint in the UK with USD
ProppaGanda
You know that legal tender means that everybody within the country has to accept it? That's the fucking thing, real currency is a gov tool
insegrevious
You can trade it for real money and then spend that!
ProppaGanda
BIG THINK
erroniousmaximus
Well, there’s that, and also there’s a regulatory body that says how much of that currency there will be and what the interest is on it.
copingcabana
Bitcoin proponents would say that's a benefit of bitcoin. Because poorly managed inflation is a huge problem.
erroniousmaximus
There’s only a few countries in the world right now that have shit inflation. Also, 9/10 economists say that some inflation is good.
lazerhosen
So, still rules made up by people right?
DukeSamuelVimes
I love when people who have no idea about how things work, try to make insightful remarks on a topic they are blatantly ignorant about.
igooutsidesometimes
Are you trying to be an example? Because the thing you said could be flippantly said literally anywhere. its a useless statement.
DukeSamuelVimes
Are you trying to be an example? Because the thing you said could be flippantly said literally anywhere. its a useless statement.
igooutsidesometimes
Swing in a miss, nice try though.
DukeSamuelVimes
Are you trying to be an example? Because the thing you said could be flippantly said literally anywhere. its a useless statement.
FrozenCoast
erroniousmaximus
The. Enlighten the unenlightened here oh wise one. You can start by explaining the huge pump and dump happening on dogecoin.
DukeSamuelVimes
You want me to explain tokenomics to you, on an Imgur comment section? Literally just do something by yourself once.
ChaoticSquid
Not sure you know the definition of pyramid scheme if you think crypto is one
CheapAss
I'm made 18k on dogecoin suckers.
raradizzinlove
It’s pumped in stacks. Each layer creates advertising for the next layer. Layers get bigger as they go down = pyramid.
ChaoticSquid
That's not the definition of a pyramid scheme though..
raradizzinlove
By shape. It is LOL
NeatoCompletoDuderino
I'd call it more or a pump and dump scheme than a pyramid scheme. Not Bitcoin but lots of these new ones advertising on reddit.
erroniousmaximus
And the reason it works much better on crypto is because it’s not regulated as far as I know.
djzapz
Unregulated and often low volume which makes manipulation easier.
HenchGoalkeeper66
Most pyramid schemes don't genuinely keep those at the bottom happy. Whereas technically someone at any level of crypto investment could
HenchGoalkeeper66
(2/2) be kept 'pleased' with the returns they achieved
raradizzinlove
It’s 100% pyramid structured. Go to Twitter. LOL.
ChaoticSquid
What is pyramid structured, and what am I supposed to be finding on twitter?
promptx
Something that you have money in with no intrinsic value aside from other people investing in it, inflating its price?
Rkhbusa
No different than currency these days, the dollar hasn’t been backed with anything besides hopes and dreams in a long time.
CyborgScribe
That's not a pyramid scheme. The price of the asset doesn't even matter in a pyramid scheme. The recruitment line does.
thedoctorofnothing
You can literally use it as currency.
calisaya
Near useless as a currency. High tx costs and deflationary nature vs actual money make it almost always better to hold than spend.
superkp
You've got selection bias showing - you're only ever hearing about the Tx fees when people complain about them. Usually they are reasonable.
calisaya
No, I mine crypto and have to watch for tx fees so I only move it around when cheap. They have been high for months and months.
ProppaGanda
To buy drugs
searchforyeti
OP big sad for never buying crypto ? ?
superkp
And cash is never used to buy drugs, right?
Vaeyn
That's just regular old economy, innit?
DeadPeet
Money has no intrinsic value neither. In fact, if you're really going detective, the amount of power required for a bitcoin provides [1]
DeadPeet
more intrinsic value than the material a USD is made of.
CannonFolder
That sounds like an argument against it to me? Power costs $ & disappears once used, therefore devaluing the currency. And doesn't it take 1
CannonFolder
A lot of power to keep most of the cyrpto blockchain running? 2/2
sosomaso
You're thinking of a Ponzi scheme but crypto isn't one of those either subs it doesn't pay dividends
djzapz
It's a bit disconcerting that people are upvoting this as the "definition of a pyramid scheme".
Andrei
I don't think you know what a pyramid scheme is.
sigurd768
True, most “cryptocurrencies” are just scams, not pyramid schemes. The more reputable cryptos are basically stocks with no asset backing.
datester35
They aren't scams in the traditional sense. The backing for cryptos is that someone had to spend electricity and time to mine them, and /
datester35
That gives them value, in the same way that gold needs time and tools to be mined.
searchforyeti
Its a ledger system. US dollar is backed by nothing but trust, not gold like it used to. BTC is a decentralized digital transactions ledger.
AyAyRonn
The asset backing is the faith & trust of the ledger on which it's held. The dollar is backed on the faith & trust of the federal reserve.
dwilson0725
I think I trust block chains more than the Fed.
iAlwaysUpvoteMN
Yes 1000% seeing as how is trustless. And the fed is untrustworthy
TheWhiteBarry
That's a lot of words for "I personally have no idea how any of this works so it must be a scam"
iAlwaysUpvoteMN
Boom roasted
ligmabolz
It comes down to usage. Crypto is here to stay. Makes travel much easier with crypto ATMs present as well
spookyactionatadistance
The assets are the computer hours needed to verify every transaction
RhymingEverything
Lots of tech stocks operate at a loss and have no real asset backing too though
overthrowthegovernment
As opposed to federal reserve notes? No asset backing it anymore either. Money in general just isnt real
sarcasticxbarista
That’s why i put all my money into the meme market. They only go up!
sahilmirza
The asset is the high level of confidence that people will pay trillions in taxes every year
Longbowgun
So... "no backing" as the government spends more than it takes in?
WaffleSci
The backing is that the country will collapse if it stops honoring the money, so its backed by the government.
sigurd768
Only difference is federal currency can be accepted for taxes, so it has immutable value until the US no longer exists
erroniousmaximus
Federal reserve notes while not backed by an asset are backed by a strong federal government. Which is to say, it’s backed by a reputable 1/
erroniousmaximus
Source, unlike literally every cryptocurrency in circulation.
PlaidBastard
I dunno about some of the clowns like Elon shilling crypto, but Maisie Williams and Snoop seem reputable /s
gringolito
That's the beauty of the serious currencies. Not need to be backed by any "reputable source", such as central banks (ah)
OneLetter
More of the classic pump and dump. Any real stock promoted like crypto is would be market manipulation
2old4
Good answer. Probably won't get any attention. Take my upvote and buy yourself some nice cryptocurrency. Cheers!
Longbowgun
You could actually do this with a crypto called BAT (Basic Attention Token - it's an advertising crypto).
dingofdong
Cryptocurrency isn't inherently a pyramid scheme, but there are definitely a lot of crypto-based pyramid schemes around
HenchGoalkeeper66
It's certainly a ...scheme. It fits that very well even if it's not a pyramid shape.
Earthscienceislit
Forsage
LordHosk
Crypto isnt a pyramid scheme, they are a ponzi scheme, slightly different. You dont need a wider base, you just need fresh new happy money.
tablesquare
In a Ponzi scheme you are taking money from new investors and giving it to others. Cryptocurrencies usually pay operating costs w transactio
tablesquare
fees. And the value of the cryptocurrency is based on confidence in its legitimacy plus supply and demand which is the same for any currency
djzapz
Crypto as a whole isn't a Ponzi scheme. Some (a lot of) cryptos are. Bitcoin for instance is nothing like a Ponzi scheme.
superkp
yeah, the crypto world is pretty diverse. Can't lump everything under one label. There's a lot of bad projects and outright scams, though.
Regularsizerudy
How do you tell the difference?
iAlwaysUpvoteMN
One must DYOR. How is the team, fundamentals of the project? Read the white paper. There are a ton of cool projects looking to solve
LordHosk
If the product only has value because new investors keep investing its a ponzi, if the product has value outside of of new money its not.
BeverlyHillsBillie
Hell, I don't even trust the dollar, never mind the cryptocrap.
iAlwaysUpvoteMN
The way they’re printing money is perhaps the best reason to hedge into crypto.
ProppaGanda
And dollar is literally backed by the entire sociopolitical system
TreesNStuff
Sociopathic* system
Soggybathroomsock
It's backed by confidence in that system.
JayKaySC
The dollar is literally backed by nothing
NotWelcomehere
It's backed by the idea that your time should be valued. Idk what we replace it with honestly...
probablynotanorange
For the individual, the dollar is backed by their desire not to go to prison for tax evasion (got to pay your taxes in US dollars)
ProppaGanda
It is backed by the economy. And military.
igooutsidesometimes
Literally false. Its backed by the US government.
JayKaySC
https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/
Plazmataz
Hes right. We dont use the gold standard, only thing that makes 100 bucks worth more than the paper of a single buck is social acceptance.
probablynotanorange
In a very basic sense, sure, but it is backed by the trust in the US government, that makes you pay your taxes in dollars
MossyMoose
Only use for most crypto is stealing people's money by selling it when it peaks, cause that's basically what you're doing when you profit
djzapz
No one knows when it'll peak. When I sold some Ethereum at $1600 I didn't know it would keep climbing, and when I sold more at $2600, I
djzapz
didn't know it was gonna start going down. Am I robbing the guy who speculated wrong? Not any more than if I was playing on the stock market
probablynotanorange
The problem with crypto is that it is not on the stock market, and while stocks have issues, they are still somewhat regulated
djzapz
That's true, but have regulations prevent gross enrichment of a bunch of people to the detriment of the working and middle class? Not really
Goldmarble
"Stealing"? How is it stealing, if they willingly give you the money, and actively value the thing you give them in return?
ElynaerDeiros
Yeah it's less stealing and more "gambling"
djzapz
Everything is a gamble though. Keeping your savings in cash during periods of high inflation can be very expensive.
ElynaerDeiros
Having money, is a gamble, it's about stakes. Crypto is just very high stakes all the time.
MossyMoose
Because there's no product you're investing in, the price goes up become more people buy, unlike stocks someone ALWAYS holds the bag
skipweasel
The amount of cryptocrapspam suggests it, too.
ellert0
"You should buy [insert crypto currency] it's great!" "If so why don't you just make a profit on it?" "... no you see I'm just being nice."
EveryGOPaccusationIsAConfession
The market is just supper froggy after elections, it'll calm down, then in 18months it will be wilding again.
pareidoliaperson
Ugh don't remind me. It's the time when cheeto guy will arise again.
EveryGOPaccusationIsAConfession
Well next election is in 2 years, the great cheeto has to wait 4 years before he can run again. So thats to bear cycles away
purdhapley
How much do crystal balls cost?
GeographyIsWhereItsAt
100 dogecoins please.
EveryGOPaccusationIsAConfession
Its not crystal balls. We follow past trends to predict future models, then other factors like bitcoin mine power being halved every 18mo
IAmDrBanner
At this point it isn't a crystal ball anymore. Ever since 2010 people have been doing the whole "This it. Crypto is over!"
AlexisActually
I wish it'd hurry up and die if only because of how environmentally awful it is what with power consumption and all
IAmDrBanner
I mean, isn't that because the electric companies are producing the power in the shittiest ways possible, too?
Jace99
Remember the .com bubble, when everyone invested in an idea instead of an actual asset? Yeah, how’d that go?
DukeSamuelVimes
You do realise domains are still being sold for tens of thousands?
DianNaoChong
Everyone's assets are in intellectual properties.... So fine?
WarwickPuckerson
Right like Tesla
BilliousMaximous
The Dale
Richter12x2
Great, now. Bad if you thought you'd be a millionaire the same year you invested.
ActionJohnnie
It ended roughly on 9/11/2001. It did not go well.
mardukkur
For the people that picked the right ideas it went really well. 'Course the company I worked for imploded and my paper millions went to $0.
WhatzitTooya
I'd like it to crash and burn soon please, I need a new graphic card but I dont have a first born to sacrifice for.
Whenthefuckiskotor3comingout
You might be right, but also bitcoin is huge now
PleasePassTheSalt
There's a big difference between a bubble, and a fad my friend.
QuantumBits
The 90s were a great time to be alive if you were a computer nerd like me. Everybody was hiring.
mardukkur
I had some random guy in a bar hire me for lead dev while I was taking classes for an AI degree.
aartbastiaan3000
That's still the case
SisyphusLivinLife
It's not the same thing these days at all. You're not catching the important part, as a computer nerd in the 90s you weren't common.
LaBix
Not the same now. Just a rough understanding of computers got you a well paid job. Now you need degrees for minimum wage.
SisyphusLivinLife
Yep. I once, for two weeks while they looked for another network admin, ran Edelbrocks entire network without any schooling.
UrsaPsi
Still kind of going tbh. Not the bubble, but the weird trend of digital services is alive and well. "Mint" is a good example.
TropicalB3ach
Remember 2020, when nearly 70% of all dollars in existence were printed threatening hyperinflation and the collapse of our economy
3Davideo
My understanding was that the biggest problem was that venture capitalists didn't understand how the technology worked, and the tech >
3Davideo
> startups didn't understand how venture capital worked, so once the market contracted and they wanted to collect, the whole thing imploded.
SpamYarBlockers
But you can exchange cryptocurrency for goods and services
tarataqa
I literally made tens of thousands. So yeah, good times. No more student loans nor mortgages.
sabaticalbob
People invest in ideas all the time. The payoff comes from proper execution.
jonbenwaa
I also remember the housing bubble brought on by corrupt banking practices that spawned life into a decentralized banking alternative.
iAlwaysUpvoteMN
The little fish either died or ate enough little fish to become big fish. The best ideas are still around today.
AintYouGuysGonnaAskAboutMyHat
Yea, the Internet was such a fad. I can’t remember the last time I heard anyone talk about using it.
ResidentOfWinland
Yeah, I can use all the apps like Imgur on my phone. Who needs the internet? /S
potshot
Because that's exactly what the bubble was, right?
AintYouGuysGonnaAskAboutMyHat
If you got a .com in your name, you were part of the bubble /s
tarataqa
thepronouncer
I'm just gonna leave this here so you can contemplate how uninformed that statement was. . . https://en.wikipedia.org/wiki/Dot-com_bubble
NinjaGrizzlyBear
Yeah I haven't used it since the 90s when they sent out AOL discs on the mail and my pc machine had a mouse with a ball and mine sweeper
GigiDundas
Today I learned that you're a dumbass.
sigurd768
Well, the idea (selling things on the internet) was good, it’s just people got so excited about the idea they forgot to look at fundamentals
sigurd768
But investing in a company isn’t really investing in an asset, it’s a bet that future earnings will grow enough to pay back your investment
Joeybats890
The aughts one or the current one?
TacoPoweredHelicopter
Cryptocurrency????
JohnSmithterms
Yup as a software dev cryptocurrency is a great idea. But it is being executed in a horrific way.
Jimbles88
Genuine question as a person interested in the space, how is it being executed in a horrific way?
tonedeafsidekick
The impact on the environment from mining, for one
windowtudawoll
Yeah because capitalism and fiat did such a good job protecting the environment. Electricity is literally a renewable resource
tonedeafsidekick
That's a fair point, however a good portion of our electricity is currently sourced from nonrenewables
Jamesstin
If you ain't who was asked then state that shit in your reply
tonedeafsidekick
I'll keep that in mind. Thanks.
lujotu
Shouldn't proof of stake eliminate that issue for the most part?
JohnSmithterms
I'm a big sustainability nut and the environmental cost is a problem but I don't think it's as bad as many people make it out to be but 1/?
JohnSmithterms
I had hoped that it would help to eliminate inflation and it clearly is not. The current economic system we have of unlimited growth 2/?
JohnSmithterms
is in my mind terrible and we need a system that can properly regulate resources. I had hoped crypto would be able to do that but look 3/?
Sumdumguy42
So in the case of the .com bubble you want to invest in assets? Like what, a 2000 dollar server? What? OF COURSE one invests in ideas, /2
Sumdumguy42
Backed by sound business plans.
Lazybot
Yup, when Dogecoin (which was started as a joke) blew up it was basically buying digital beanie babies.
montyman185
Bitcoin and ethereum are pretty decent ideas, probably gonna stick around until quantum computing breaks them. Dogecoin, not so much
bikecicle
But after re-reading your comment I now get what youre saying. Fair point.
Lazybot
Don't get me wrong, blockchain technology is revolutionary. There are some companies that are putting it to good use. Dogecoin is not.
bikecicle
(For various reasons) I don't think quantum computing will ever break out from research/ extremely specific designed purpose computing.
dejadrew
Depends, how do you think people who invested in Bitcoin feel about it?
lujotu
Feeling pretty damn good...I got in when it was $200... Should have bought a lot more. Not that I'm complaining
torisenblack
Like any world currency? They haven't been backed by anything more than thoughts and prayers for decades.
windowtudawoll
Backed by military and exploiting other countries resources
torisenblack
Does that mean our military is < 10% as effective as it was in the 1950s? The only thing our military backs is the gov's ability to spend.
torisenblack
You're mistaking the Oligarchy's spending power with the little pieces of paper with pretty pictures on it most of us carry around.
torisenblack
All current world currencies are worth exactly as much as people think they're worth. Beyond that it's just paper.
NacLac
Remember the NFT bubble when people invested in a blockchain for art?
sharK11
They're still making tons of millions
CirclejerqueDuSoleil
"making"
Colopty
They invested in a redirect URL pointing at some art that could be taken down any time. Literally less ownership than a screenshot.
PoorSucker
You wanna buy a meme?
ProppaGanda
You wouldn't screenshot a meme
dreadpiratekhan
*Altrock guitars intensify as font shakes in center of screen*
badatediting
Carl99
you evil SoB :)
saboten13
Remember the Bitcoin bubble where useless Bitcoin with zero utility was worth like $10,000?
IRolledAOneInRealLife
Soooooooooo......like 50 thousand dollars ago? Bitcoin is strong bruv.
saboten13
Yes That was the point lol
wekilledbambi03
40k ago. Btc had a big drop the past week.
saboten13
I think people missed my point here. I am aware BTC is above 10k.... that’s what I’m saying, people thought it would burst too
NacLac
We don't think it will burst. We think it will be delegitimized and forced to close.
NacLac
Remember when the whole bitcoin market was unregulated and at any moment legislation by Congress could crash the value overnight?
saboten13
I think you underestimate the international and decentralised nature of Bitcoin.
NacLac
And you underestimate how much impact the US financial market has on cryptocurrencies. If the Feds blink and decide crypto can't be used
searchforyeti
Man I hope that happens so I can scoop up some discount BTC. $1 mil by 2025 or sooner.
NacLac
If Congress acts, bit coin will likely be illegal and unable to be traded for real world money. Sure, dump your life savings into it.
jeeps005
what convinced you of this
pinatafarmer
Went great for me, so I don't know what you mean, broh.
ChristopherHallett
Clearly you didn't buy Pets.com shares...
pinatafarmer
Cause I was a child and I spent my days outside pretending I was a power ranger.
BlackDeku
That's a smart economic move
theMightyPlatypus
go go power rangers!
cattlegrazer82
You, Mighty Morphin' Power Rangers!
DiscoTurtle87
superscout0233
Amy Jo Johnson, Born: October 6, 1970 (age 50 years). Fuck...
Ilurklikekirk
She aged very well. For proof, check out Canadian show Flashpoint, a SWAT team drama based in Toronto.
maito
pastramionrye
Oh for a second I thought piñatas.com might have had a good run.
erwanairone360
Now kids are playing the crypto rangers...
AmotsEinhorc
BlackDeku
Sypurist
Tr1gg3rH4ppy
Lmao wtf
errrikblack
Hey wait a minute
drosophilamelanogaster
I assume they are all saluting the white power ranger?
RelevantImgurian
pinatafarmer
"Bob knows power rangers, that's not power rangers"
ASmackofHamSTL
White Power Rangers