The Big Tether Short
- Thread starter Pekelo
- Start date
Yes and its in the pocket of the US gov. Positive is that you will be able to use Tether as a safe haven. Flipside is that Crapto has failed and that it is a continuous cycle of manipulation that cons the average JOE into thinking 'he is ahead of the curve (after 13 tech years - aka ancient crapto tech)', but in reality is buying the bags that Bitfinex (US Gov) is printing out of thin air.
Since our exchange 1.5 years ago, Bitcoin is up 300%. What investment do you have that performed that well?
Our bank accounts have balances that I didn't even think possible, lol. We're doing pretty well, so you can keep waiting for that crash, but I say to you that you are just going to keep missing out on the big profits
Yes and a few weeks ago it was 30k while 5 years ago it was 20k. Like I said in the other thread, the cap of crypto is worth more than the Silver cap while it is just a bunch of code ran by real life losers on AWS.Since our exchange 1.5 years ago, Bitcoin is up 300%. What investment do you have that performed that well?
Our bank accounts have balances that I didn't even think possible, lol. We're doing pretty well, so you can keep waiting for that crash, but I say to you that you are just going to keep missing out on the big profits
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You have this persona associated with your so called 'crapto' gains, being possesed by it. Everyday you are praying that crypto goes up, obeying it like a God. The God of Mammon that is, you think such life is attractive to me ? Think again, you couldnt pay me to live like that.
All those crapto losers have psychological issues since they identify with a fake number somewhere on a (centralized AWS) database since they never had a personality on their own. It is all cope.
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That's deep thoughts, but as you said it's very volatile it goes up and down, so there's a lot of opportunities to make profits $$$
The long term trend of Bitcoin is up
Don't stress it, do what works for you. It is just that I have always been appalled by crypto culture, it is nothing personal.
I completely understand anyone who devalues the long term viability of crypto since we are predicting a future event that hasn't yet happened. But we can at least evaluate a past event.
I bought a good amount of silver in 2012/2013 thinking it was going to make me rich. I of course heard of BTC, but didn't want to risk losing money. So here I sit on a bunch of silver that is worth about the same, while inflation has been raging, while I lost a good amount of purchasing power, while the stock market has done really well, and while I lost out on at least 10,000%, if not more, in gains from crypto.
So clearly silver has proven to be a very bad bet since anything else would have practically been better. Going forward, do you think its more likely for silver to double and hit $50, or for BTC to double and hit $80k?
That is rough, there is a difference between buying in 2013 and the present. I think your best bet if you are a long term investor is to trade around the halvings since those always have been fundamentally and technically significant.
I have a stack of physical silver, it has a tactile quality but is also quite heavy. After hearing your story, most likely gonna cash it in for some crypto synthetics that are pegged to silver. Thanks for sharing your experience. The crypto infrastructure is just way more developed now and the relative risk is quite less compared to back then.
I'm not sure how much of an influence a halving will have now. So who cares if the miners get half the amount of BTC they used to. They were still plugging away when it cost more to mine than what BTC was worth. Those days are probably never going to come back anyway. The miners seem to be holding what they mine. Its almost a worry to be honest that BTC isn't worth more now. You hear about how little is on exchanges, how institutional investment is coming, etc, so we probably just need a catalyst to push it over 100k and 5 digit prices will never be seen again.