K
LOL! "Nocoiner"... didn't know I had a name.
They call fiat, slave coin.
K
krugman25
I'm obviously poking fun at nocoiners who yell "ah ha! Scam! Bubbles popped!" every time crypto has a double digit pullback but ignores the overall thousands or millions of % increase that has occurred in most of these markets since their inception.
I personally don't own Bitcoin and don't find it interesting at all. What I do find interesting though is the life changing profit that nocoiners have missed out on in their effort to be right. Even a very small 1% allocation years back to hedge your opinion would be worth 6, 7 or 8 figures today. Not a bad payday for being wrong.
That being said crypto markets are frothy right now. Returns are diminishing as the market caps of these coins grow. There will inevitably be large pullbacks along the way, just as there have been dozens of times before. None of that proves anything other than this is a fast growing, very volatile, very risky, nascent sector.
I personally don't own Bitcoin and don't find it interesting at all. What I do find interesting though is the life changing profit that nocoiners have missed out on in their effort to be right. Even a very small 1% allocation years back to hedge your opinion would be worth 6, 7 or 8 figures today. Not a bad payday for being wrong.
That being said crypto markets are frothy right now. Returns are diminishing as the market caps of these coins grow. There will inevitably be large pullbacks along the way, just as there have been dozens of times before. None of that proves anything other than this is a fast growing, very volatile, very risky, nascent sector.
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K
krugman25
Well, I was obviously poking fun at cultist ponzi riders. You are not one so I am not sure why you even care.
Some people like me just don't want to invest/help a ponzi on principle. Generally I agree with Lincoln investment advice:
"It is OK to invest in a ponzi as long as you are aware of the risk. Just don't buy into the fundamentals, they are shit." ---- Abraham Lincoln
"Science progresses one funeral at a time".
https://en.wikipedia.org/wiki/Planck's_principle
"...
What does happen is that its opponents gradually die out,
and that the growing generation is familiarized with the ideas from the beginning:
another instance of the fact that the future lies with the youth."
— Max Planck, Scientific autobiography, 1950, p. 33, 97
https://en.wikipedia.org/wiki/Planck's_principle
"...
What does happen is that its opponents gradually die out,
and that the growing generation is familiarized with the ideas from the beginning:
another instance of the fact that the future lies with the youth."
— Max Planck, Scientific autobiography, 1950, p. 33, 97
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