this is all based on the US Dollar though. Its nto intrinsically valued.Good. The traditional banking system is dated and trash. Whoever came up with the original idea for banks is a genius tho. Got everybody depositing their money with them, and then investing it elsewhere... if you try and pull all your bread out of a bank, or a large amount out see what happens.
DeFi is not going anywhere and for good reason.
Crypto assets are increasingly being pledged as collateral for personal loans.
- Thread starter ☑︎#VoteDemocrat
- Start date
yall been saying crypto will fall for yearsJust accept it, shyt is here to stay
No lie the OP has post from 7 years ago talking shyt about Bitcoin
This was 2014 when BC was well under $1k
I'm guessing you don't know what money is
That being said, bitcoin still has a few philosophical barriers to ever being taken seriously.
shyt when from $500 when he posted that to $65k and he still hates it
its just too irrational for me to gamble on
Ezekiel 25:17
Veteran
Everything in hindsight, but If you look at crypto from just 5 years ago, it easily beats out everything you have. When are you looking to retire and with how much?
If there's a quicker way out this system e.a., best look into it
The US dollar is inflationary and gets made out of nothing whenever the FED wants to
40% of US dollars in existence were printed in the last 12 months: Is America repeating the same mistake of 1921 Weimar Germany? | Tech News | Startups News
The US dollar isn't what it used to be. Pay attention.
The Fade
I don’t argue with niqqas on the Internet anymore
Same been only putting in whatever means I can handle. Just feels like savings account on ADHD right now. Only picked a few coins.
basically this money is just my “what if” money Im fine with losing, cause what if I miss out AGAIN? I would never forgive myself. If I lost it all I still got money in other places
you proved my point. you just replaced something unstable with something even more unstable
BTC is only a holding vehicle that they eventually retransmit into USD though. They're not "SELLING" btc.So you'd trade 40K of monopoly money for 40K of BTC?
B
But it's only 21 million btc (like 16-18 million still accessible) so overtime it's going to be more stable. There's no cap on dollars, it's not tied to any asset so therefore it's limitlessly unstable because it's infinite. Unless we get put on an asset standard for the dollar to have it's value tied to people are going to look for anything to hedge their wealth against it, which is why we are seeing bubbles balloon out of no where, just look what happened to sports trading cards! You can't even get that shyt in the Walmart or target anymore.
Central Banked Digital Currency is on the way.
I can tell you really are green in this space, not even worth discussing much further honestly.
the bossman
Superstar
Fam. nikkas are still calling this shyt a 'bubble', 'monopoly money' every year. It's crazy to see some black folks being so close minded to getting in early on the emergence of an entirely new asset class.yall been saying crypto will fall for years
Will be the same nikkas 20 years from now saying it was luck
