Crypto Talent

I think the problem with most of the crypto haters on this board is that they don't look at the problems with their own currency. And that's where Bitcoin comes in.

All you hear from them is , "Bitcoin this" "Bitcoin that." And even the problems that they talk about with Bitcoin, really isn't anything big, or it's just plain stupid.

Like one commentor on here was complaining that it's too easy to lose your wallet keys. And that was probably one of the dummest comments I've ever read, because it's nobodies fault but your own if that even happens.

But the main reason why Bitcoin will become more valuable is because the US dollar is becoming less valuable.

People want their assets to increase in value, not decrease, and this is where crypto will succeed. Because lets face it, the US dollar is like a sinking ship. Going down.

Another reason why it will succeed is because you are in control of your own bank. Who wants a bank to tell you what you can and cannot do?

When you send a large amount of money, do you really want to be interrogated by a bank to explain to them what you are doing with your funds?

Enough said.
 
Tokenz said:
I think the problem with most of the crypto haters on this board is that they don't look at the problems with their own currency. And that's where Bitcoin comes in.

All you hear from them is , "Bitcoin this" "Bitcoin that." And even the problems that they talk about with Bitcoin, really isn't anything big, or it's just plain stupid.

Like one commentor on here was complaining that it's too easy to lose your wallet keys. And that was probably one of the dummest comments I've ever read, because it's nobodies fault but your own if that even happens.

But the main reason why Bitcoin will become more valuable is because the US dollar is becoming less valuable.

People want their assets to increase in value, not decrease, and this is where crypto will succeed. Because lets face it, the US dollar is like a sinking ship. Going down.

Another reason why it will succeed is because you are in control of your own bank. Who wants a bank to tell you what you can and cannot do?

When you send a large amount of money, do you really want to be interrogated by a bank to explain to them what you are doing with your funds?

Enough said.
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wrong about USD weakening. The new cycle has started it will get a lot stronger.

yes you can transfer large amounts of crypto between wallets, but the moment you need to use it or purchase something, we back to the problem you highlighted. You need to convert it to fiat and deal with the bank, plus tax man coming for the profits.
 
RedDuke said:
You need to convert it to fiat and deal with the bank, plus tax man coming for the profits.
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Yes the bank is always an option to convert crypto. But it's not the only option.

Just look at the people living in El Savador and Venisuwela. They are thriving on crypto and doing just fine.

Nuff said...
 
What makes me uneasy are posts implying that it's a forgone conclusion that BTC will reach $500k or $1M, and that all you have to do is HODL. No-one can guarantee that it won't crash big time at some point and take years (if ever) to recover. (BTC has never been through a 2008, 2000, 1970s or 1929 type scenario. It's only ever existed during a roaring bull market.)

Also posts trashing USD, and suggesting savings would be better held in BTC. Sure USD will be eroded by inflation but it's unlikely to fall 80% in a year like BTC has already done several times. I'm sorry but BTC is simply not a safe place to put a big portion of your life savings.
 
Tokenz said:
Yes the bank is always an option to convert crypto. But it's not the only option.

Just look at the people living in El Savador and Venisuwela. They are thriving on crypto and doing just fine.

Nuff said...
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Yeah take a look how they live.

definitely nuff said
 
Ed48 said:
What makes me uneasy are posts implying that it's a forgone conclusion that BTC will reach $500k or $1M, and that all you have to do is HODL. No-one can guarantee that it won't crash big time at some point and take years (if ever) to recover. (BTC has never been through a 2008, 2000, 1970s or 1929 type scenario. It's only ever existed during a roaring bull market.)

Also posts trashing USD, and suggesting savings would be better held in BTC. Sure USD will be eroded by inflation but it's unlikely to fall 80% in a year like BTC has already done several times. I'm sorry but BTC is simply not a safe place to put a big portion of your life savings.
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So... when the financial markets crash and get into bear markets, will the money flee stocks, bonds, and RE to be deployed into BTC? I suspect not, but we'll see. That might be the "acid test" for the validity of crypto.
 
Ed48 said:
What makes me uneasy are posts implying that it's a forgone conclusion that BTC will reach $500k or $1M, and that all you have to do is HODL. No-one can guarantee that it won't crash big time at some point and take years (if ever) to recover. (BTC has never been through a 2008, 2000, 1970s or 1929 type scenario. It's only ever existed during a roaring bull market.)

Also posts trashing USD, and suggesting savings would be better held in BTC. Sure USD will be eroded by inflation but it's unlikely to fall 80% in a year like BTC has already done several times. I'm sorry but BTC is simply not a safe place to put a big portion of your life savings.
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Yes but that is your own opinion now isn't it?

When Bitcoin first came out, it was just 25 cents a token.

Let that sink in for a minute...
 
i ONLY trade crypto now

free unlimited data - 24/7 - time and sales - depth of market - no *commissions at all

well if i compare chi town and new jerk brokerages with crypto, this would be an endless thread about the differences. i am just very glad that i am alive to see and experience a break from the slavery of nationalized currencies and membership exchanges.


*if you use limits you can get positive slippage
 
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