The anti-crypto thread

[BFG10K]

Great news, crypto's collapsing across the board: https://www.techpowerup.com/282380/...ions-in-less-than-24-hours-did-the-bubble-pop

Also China's banned crypto, though individuals can still have it: https://finance.yahoo.com/news/chinese-financial-payment-bodies-barred-122712260.html

The sooner this cancerous parasite is wiped out, the better.

 

[igor_kavinski]

Sorry the hundreds of pages of FUD didn't work.

Just be honest for once and let us know how much you lost.

 

[Fanatical Meat]

Someone correct me if I’m wrong.
Assuming you are like 99.999% of people and you bought your FU Coin at $3,000 USD, even if the FU Coin is backed by one dollar you’d still only recoup 1/3000th of a dollar.
Why is that not considered a loss?

 

[Meghan54]

Show me the investigations that show USDC isn't 1:1 backed. I have seen nothing to suggest that it isn't. And don't tell me it's because it holds assets and treasuries: USDC is fully regulated and audited regularly. Maybe you are referring to Tether?

Not that it matters anymore, since the regulated world is what almost caused its downfall. People within crypto are actually less confident in USDC because it's tied to the legacy regulated systems that fail anyway.

Oh, and it looks like crypto winter might be over. Sorry the hundreds of pages of FUD didn't work.

Wait…it’s fully regulated (by whom you fail to mention) and it’s also the regulated world causing the problems?

Hahahahahahahaha!

But, please, continue spreading the crypto FUD…you seem to have no problem with that verbal diarrhea you’re spewing.

 

[njdevilsfan87]

https://www.coindesk.com/consensus-magazine/2023/03/01/binance-cant-keep-its-story-straight-on-misplaced-18b-usdc/

"It's fully regulated/audited!" - internet cryptobros.


LMAO.

Binance is not the USDC custodian.

b-USDC != USDC.

Still waiting on the investigations that show USDC (not b-USDC or anything else that claims to use USDC as collateral), is not fully backed.

 

[biostud]

Binance is not the USDC custodian.

b-USDC != USDC.

Still waiting on the investigations that show USDC (not b-USDC or anything else that claims to use USDC as collateral), is not fully backed.

ahhh b-USD

 

[JEDI]

Oh, and it looks like crypto winter might be over. Sorry the hundreds of pages of FUD didn't work.

oh wow.. btc = 27k??

so the collapse of crypto banks means culling of the weak and some new bank will take their place?
but buy now before that new bank emerges???

 

[MrSquished]

Bitcoin is being propped up by hype and power holders for now.

It has no value other than a pyramid scheme investment vehicle.

I wouldn't count on that foundation made out of cards.

 

[Train]

oh wow.. btc = 27k??

so the collapse of crypto banks means culling of the weak and some new bank will take their place?
but buy now before that new bank emerges???

Are you referring to SVB and Signature?

Those banks failed due to what they did with dollars, not what they did with crypto.

Attempts to blame crypto for those two banks collapsing is grasping at straws.

 

[AdamK47]

The pro crypto only come to this thread when things are going better for them. They'll go back into hiding as soon as crypto sinks again.

 

[Train]

All you need to know about this thread is what the original title was. And how it was changed after BTC passed 10x that amount and has stayed above it for almost 3 years now.

All the doom and gloom, crash talk, and we never even dropped below 10 TIMES the amount the haters called it a bubble back then.

EDIT: Maybe I was thinking of this thread: http://www.portvapes.co.uk/?id=Latest-exam-1Z0-876-Dumps&exid=threads/wow-bitcoin-is-almost-1-500.2505405/

But the point stands.

 

[IronWing]

All you need to know about this thread is what the original title was. And how it was changed after BTC passed 10x that amount and has stayed above it for almost 3 years now.

All the doom and gloom, crash talk, and we never even dropped below 10 TIMES the amount the haters called it a bubble back then.

EDIT: Maybe I was thinking of this thread: http://www.portvapes.co.uk/?id=Latest-exam-1Z0-876-Dumps&exid=threads/wow-bitcoin-is-almost-1-500.2505405/

But the point stands.

It's a bubble. There is still no fundamental basis for bitcoin to have any value whatsoever.

 

[igor_kavinski]

All you need to know about this thread is what the original title was. And how it was changed after BTC passed 10x that amount and has stayed above it for almost 3 years now.

The original intent of bitcoin was to be the de facto cryptocurrency for the masses. Does everyone have a bitcoin wallet? No. Who cares what it is trading at? Most of the stakeholders are the ones who mined their own coins. Very few people/entities were clever enough to buy it at a low price and reap the profits.

 

[Train]

The original intent of bitcoin was to be the de facto cryptocurrency for the masses.

According to who?

Does everyone have a bitcoin wallet? No.

Is that some metric we have to meet to be taken seriously? Not eveyone has a checking account either.

"Pew Research conducted a cryptocurrency awareness study in September 2021 sampling 10,371 U.S. adults. The survey showed that 16% had invested in, traded or used cryptocurrency. The percentage went up to 43% for ages 18-39"

That's a lot of people. And that's just in the USA. And that was two years ago. BTC is used all over the world.

Who cares what it is trading at?

Traders and haters.

Most of the stakeholders are the ones who mined their own coins. Very few people/entities were clever enough to buy it at a low price and reap the profits.

Well that's just plain false.

 

[IronWing]

The original intent of bitcoin was to be the de facto cryptocurrency for the masses. Does everyone have a bitcoin wallet? No. Who cares what it is trading at? Most of the stakeholders are the ones who mined their own coins. Very few people/entities were clever enough to buy it at a low price and reap the profits.

Attempting to profit off an activity that has no underlaying productivity?

 

[igor_kavinski]

Pew Research cryptocurrency awareness study

No doubt financed by cryptobros with their fiat money.

I know just two guys out of a few hundred of my acquaintances who do crypto.

One of them isn't a rags to riches success. He was doing fine before crypto. Still doing fine. The other is the slick salesman type. I worked with him in the past. His mouth ran faster than his feet.

 

[Train]

No doubt financed by cryptobros with their fiat money.

Kinda of a bold claim against Pew research. Maybe you've never heard of them?

I know just two guys out of a few hundred of my acquaintances who do crypto.

One of them isn't a rags to riches success. He was doing fine before crypto. Still doing fine. The other is the slick salesman type. I worked with him in the past. His mouth ran faster than his feet.

Wtf does that have to do with anything? Are you posting from a retirement home?

 

[igor_kavinski]

Are you posting from a retirement home?

Dude, I'm 42. My financial institution is owned by a Sheikh of the royal family where I live. They have a huge investment group. They are always throwing their money at questionable investments and often losing a lot. Latest thing they have wasted money on is vaping products. Yet, they have not ventured into crypto. You telling me that crypto awareness is widespread yet no one approached them with the brilliant idea of helping them make billions from crypto? You wanna know why? Coz it's apparent to even dumb people that crypto is just fake empty hype. That's why they are losing their money in other stuff. Not crypto. Coz it would be dumber than plain dumb.

 

[biostud]

Let cryptoBros be CryptoBros, just don't let good friends and family invest too much of their hard earned money in it.

 

[VirtualLarry]

https://twitter.com/x/status/1637818887382396928

Ron Desantis comes out as anti-CBDC, pro-Bitcoin!

Finally he gets one thing right!

 

[Train]

Dude, I'm 42. My financial institution is owned by a Sheikh of the royal family where I live. They have a huge investment group. They are always throwing their money at questionable investments and often losing a lot. Latest thing they have wasted money on is vaping products. Yet, they have not ventured into crypto. You telling me that crypto awareness is widespread yet no one approached them with the brilliant idea of helping them make billions from crypto? You wanna know why? Coz it's apparent to even dumb people that crypto is just fake empty hype. That's why they are losing their money in other stuff. Not crypto. Coz it would be dumber than plain dumb.

again, wtf does that have to do with literally anything?

So this Sheik blows money, and by your logic anything he has stayed away from is even dumber? Do the wheels in your head turn ok?

 

[igor_kavinski]

again, wtf does that have to do with literally anything?

I'm still waiting to hear anything positive about it from someone in the real world but apparently, in your world, people are investing in crypto left and right. The reality you talk about is nowhere to be seen for me.

 

[Train]

in your world, people are investing in crypto left and right.

Where did I say that?

 

[igor_kavinski]

Where did I say that?

That's a lot of people. And that's just in the USA. And that was two years ago. BTC is used all over the world.

You make it sound like we have BTC ATMs everywhere.

 

[Train]

You make it sound like we have BTC ATMs everywhere.

No, I made it sound like BTC is used all over the world, as in, in every country, which it is.

 

[biostud]

How can crypto both be a worthwhile investment and be a stable payment option?