Cryptocurrency mega-thread

[woota]

So none of you are in kaspa or KRC20 coins?

 

[ash_1050]

Damn, BTC hitting an ATH after the Trump election victory. Interesting 4 years ahead, guaranteed BTC cracks the US$100k mark between now and 2028 and I'm tipping US$125k at some point*

*still haven't held any crypto since I sold the last of mine in March 2021

 

[woota]

It sounds like people in this thread are casual crypto enthusiasts who are very unaware of what's happening. The memecoin supercycle is underway. It's not just dogs and cats like last time, it's hippos, dinosaurs, reptiles, frogs, toads, the illustrious matt fury characters, and just about anything else you can think of. Yes, they're all scams/ponzi schemes that are ultimately destined to crash at some point, and 90% of people will lose, but those who play their cards right will make lifechanging gains (well, many people already have).

 

[woota]

Do any of you listen to memecoin jesus?

 

[woota]

US President makes no difference in the grand scheme of things. It's the same 4 year cycle. Alts will peak in Q4 2025, then tank and 2026 will mark the beginning of another 4 year bear market.

Bitcoin all time highs happened under Biden, not Trump. I don’t think US President really makes much difference tbh.

As for inflation hedge… if you buy low and sell high it’s great.

 

[Ghost Patrol]

If history is anything to go by, Seeds posting in this thread is a crypto bottom signal.

Seeds you did it again

 

[woota]

How does crypto give you financial freedom any different to a bank robber stealing money from a bank gives the robber fianancial freedom?

Crypto is an investment that does not create any wealth. Its a useless asset in terms of creating goods or services of value. All it does is redistribute the existing pie of wealth. If you become richer from crypto gambling then you are taking wealth from others by devaluing the money in their bank accounts.

Crypto is also terrible for the climate and is adding to power prices.

And if crypto actually worked as a new form of money then it would rob taxes from governments and deny them the ability to provide all the useful services that people need. Like public education and health and welfare support.

So it may not be immoral in your view. But it would be immoral in most peoples views if they actually knew the implications of crypto. Unfortunately most people do not including most government officials and thus the reason this is not yet banned.

You should start listening to Peter Schiff. Crypto currency is a scam, but so is fiat currency. Neither are an actual legitimate form of money. Gold is the most legitimate money that humans have ever created, and fiat currency was legitimate when it was backed by gold.

 

[beez]