Cryptocurrency - help me understand please.

Not every one with a college degree are smart. and when you add a cup of greed .... They become more gullible.

there was hardly any romance but more of greed

And with crypto falling, more of these type of scams/scandals will come

Remember after the 2008-09 crash, The Bernie Madoff investment scandal came to light.

 

Exactly. I mined for 18 months now, and I'm looking forward to the next bitcoin halving in 2024. First rule of crypto: Never invest more than you are willing and able to lose.

 

It's a shared illusion. Even fiat currency has physical form. This is a particularly clever wealth transfer.

 

90% of US Currency does not have a physical form. Only 9% of the worlds money is in physical form. I keep trying to tell people this, and no one believes me without the links. Only 9% of the worlds money can't be traced, and the richest people REALLY want in on that 9% since it's probably not taxed even once, when it could be taxed 5 times per person or more in the USA at least. Think, Fed tax, State tax, City tax, Sales tax, Gas tax, Property tax, and I'm sure a lot of you pay even more for each dollar you earn.

Who Needs Cryptocurrency FedCoin When We Already Have A National Digital Currency?

 

As far as crypto, I dont get it. Done well with stocks, real estate, old cars etc. At this stage in the game I have no desire to gamble. If I did I could think of far more fun ways to loose my shirt. Nothing seems to be in touch with reality. Yeah I know, nothing ventured nothing gained.

 

Yeah, everything is on sale right now. I think now is the time to buy if you have the extra money. Again, do not invest money you cannot afford to lose but if you have extra money bitcoin and guns. With things going the way they are at the moment guns can also give you a good ROI especially AR-15's. Back in 2013 the cheapest Bushmaster and Panther AR-15's were selling for over $3k because everyone thought they were going to get banned. I think we're going to see that again soon. That $800 AR-15 might yield a 300+% ROI in the next few months.

 

When it tanked a few weeks ago, thousands of people ( maybe more ) were going," I just lost my home. Everything. Be living in the car next week."

They've started posting links to Suicide Hotline on the exchange sites.

What else would you like to know?

 

Right, we've already been using digital currency for a long time now.

 

That was Luna that crashed. Went from around $100/token to about $0.0001/token.