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Finance cryptocurrency

Started by JMG, May 28, 2017, in Life Add to Reading List

  1. hargydon
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    hargydon No investigation, no right to speak

    May 19, 2021
    It is made up, they inject fake money into the market constantly. This week the Federal Reserve bailed out a few Wall Street banks again for the sum of half a trillion dollars, however it didn’t make it to mainstream news as it no longer needs Congressional approval. They did the same last year by the sum of $1.5 trillion & none of it is tax-funded.
     
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  2. Oldboy
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    Oldboy Administrator

    May 19, 2021
    not rly...injecting money devalue the money...so it does have an impact...also i dont recommend trading money either, i meant you shuld invest in companies
     
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  3. hargydon
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    hargydon No investigation, no right to speak

    May 19, 2021
    If this was true then the stock market wouldn’t be at unprecedented highs during a pandemic where 40 million people have lost their jobs. It’s just building national debt, they’re in debt... to themselves.
     
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  4. DKC
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    DKC hank trill

    May 19, 2021
    This is true, but BTC also has value because we agree it has value and we see the potential for the tech/decentralization. The concept of money is entirely made up no matter if it's USD or dogecoin.

    Of course it's possible for BTC to flop and become worthless, but that can happen for "regular" currencies as well. Obviously Zimbabwe's money is nowhere near as influential as USD but they devalued their currency so much 10 yrs ago that they had to print 100 trillion dollar bills lol

    [​IMG]
     
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  5. Oldboy
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    May 19, 2021
    but the issue comes in with "we agree", we dont agree....a single man tweet can crash the entire market, this is not a market....usd have a factual value because we must use it to buy stuff...we dont with btc
     
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  6. Oldboy
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    Oldboy Administrator

    May 19, 2021
    also the example you used is what i referred to when i said injecting money without thinking devalues it
     
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  7. hargydon
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    hargydon No investigation, no right to speak

    May 19, 2021
    Also France’s role in African subjugation through devaluing all the currencies with their national bank. Neocolonialism at its finest. Yuck.
     
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  8. hargydon
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    hargydon No investigation, no right to speak

    May 19, 2021
    That “single man” is the richest man in the world, that’s a lot of power. Not only that but Dogecoin is full of chancers trying to *make* money, not use it as a currency. The other block chains are inherently different, especially the ones that aren’t solely currency.
     
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  9. Oldboy
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    May 19, 2021
    Well. He cant crash the stock market with a tweet
     
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  10. 1999
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    1999

    May 19, 2021
    ^^^
     
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  11. 1999
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    1999

    May 19, 2021
    I believe in crypto btw, I just don't think BTC will be the one that really takes off. You could make a better case for ETH
     
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  12. hargydon
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    hargydon No investigation, no right to speak

    May 19, 2021
    He hasn’t crashed anything but a meme coin that people were investing in because of him. Again, it’s not an actual player, it was just a predatory cash grab between thousands of people trying to get one up on each other, it doesn’t reflect the reality of blockchain.
     
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  13. hargydon
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    hargydon No investigation, no right to speak

    May 19, 2021
    Ethereum & Cardano are the future as they are more than currencies.
     
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  14. Oldboy
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    Oldboy Administrator

    May 19, 2021
    Well. His tweet crashed btc for 20% right? From 62k to 49k. Thats a crash tbh. Then a single china news that isnt even news destroyed it
     
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  15. Oldboy
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    Oldboy Administrator

    May 19, 2021
    Yea i believe these two do have a future because there poteional for actual use for them. Hence value
     
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  16. 1999
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    1999

    May 19, 2021
    btc at 38k rn
    :hard:
     
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  17. hargydon
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    hargydon No investigation, no right to speak

    May 19, 2021
    Well that’s the same concept really & will have less of an impact the more these technologies mature. Anybody that was paying attention knew that was an artificial inflation due to Elon’s input & promotion. In the grand scheme of things when you compare how much the dollar is in circulation compared to Bitcoin, you can see why certain movements impact it more than it would with its physical counterpart. This won’t always be the case especially when more companies adapt the paying model.
     
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  18. hargydon
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    hargydon No investigation, no right to speak

    May 19, 2021
    Bare in mind Bitcoin is still worth 250% more than it was this time last year, before Elon got his filthy hands in the pie to disrupt it. Are we really shocked the richest man in the dollar world sabotaged the potential replacement?
     
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  19. Oldboy
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    Oldboy Administrator

    May 19, 2021
    the main issue is people applying long term investment to BTC which is something i dont think i ever saw before...ppl "holding" crypto is dumb...you only hold a valued stock...a stock that holds actual value based on many metrics that we know of in the 100 years trading existed...i am not sure why its being applied to crypto...crypto will most likely become an exclusive daily traded stock in the near future
     
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  20. hargydon
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    hargydon No investigation, no right to speak

    May 19, 2021
    Don’t get me wrong I understand the points you’re making, I just think you need to understand that these currencies are fundamentally different in scale & how they’re valued — comparing it to how the stock market functions is a false equivalency. Bitcoin won’t be around forever though as it has its limits being only a currency that’s for sure, so you’re b--- on there.

    Potential lies in smart contracts. SingularityNet are going to be on Cardano too.
     
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