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Thread: Bitcoin....who's gotten into it?
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05-11-2022, 12:20 PM #8926
I regret to inform you that many people are assholes and almost all financial markets are heavily rigged. I believe having an open source digital ledger is a step in the right direction. "Regulation" is often a misnomer for letting the rich profit off of the poor. See accredited investor laws and then look at many post IPO stock charts.
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05-11-2022, 12:32 PM #8927
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05-11-2022, 12:37 PM #8928
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05-11-2022, 12:41 PM #8929
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05-11-2022, 12:42 PM #8930
Obviously there isn't one. But FDIC isn't doing anything for meme stock investors.
I believe in free markets and I readily admit investing in crypto is extremely risky. The number one rule in crypto is don't invest what you're not willing to lose completely. With that being said, most "free markets" are rigged.
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05-11-2022, 01:05 PM #8931
The chutzpah of this comment while crypto craters +50% and people are trying to assign blame to prevalent fraud and some (a) whales manipulating.
Hang with me here.... What if, even though traditional financial markets have biases and bad deals, that crypto is inherently more prone to "rigging", puffing and manipulation? The whimsical instability seems to undercut the "reject regulated markets, currency manipulation and inflation safe shelter" narratives.
Like maybe the government controls to fight inflation that results in devaluing your cash 2.5% isn't that bad when compared to one or two players moving some BTC and the whole asset class loses its shit.
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05-11-2022, 01:12 PM #8932
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05-11-2022, 01:20 PM #8933
Thought this thread could use a soundtrack
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05-11-2022, 01:23 PM #8934
Yeah, so here’s the thing: my bank account has an expected 0% rate of return, but at least I’m protected by FDIC.
Your crypto has an expected <0% rate of return, and in exchange, you’re giving up protection as well.
But please, continue explaining how regulations are bad.
I don’t believe in ‘free markets’. I believe markets can be very powerful tools for growth, but regulation is necessary. And the crypto space is a good demonstration of why that’s the case.
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05-11-2022, 01:23 PM #8935
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05-11-2022, 01:25 PM #8936
I think there's potential in both blockchain and crypto... but I'm sort of jaded from all the puffery around how traditional investments are all run by villians but crypto is the absolute, smartest place to put your money especially against inflation and (persecution complex) government manipulation. "Why do you hate making money? Stay poor bro". That narrative as a preferred "inflation protection vehicle" grinds my gears given the scoundrels and obvious scams abound. I think peak frenzy and jokes for future generations will be marked with "bored aped" yucks.... "they would both buy anything and pay anything just to be in".
Everyone looks good when they're winning; now let's see.
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05-11-2022, 01:29 PM #8937
There's some cool food sourcing Blockchains and some in stuff like reinsurance contracts that make good use of the tech.
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05-11-2022, 01:36 PM #8938
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05-11-2022, 01:54 PM #8939
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05-11-2022, 02:15 PM #8940
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05-11-2022, 03:05 PM #8941
Just came across this beautiful painting from the 1640’s
https://tulipfestivalamsterdam.com/p...-younger-1640/
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05-11-2022, 03:17 PM #8942
See that monkey on the right? He invented blockchain.
Is it radix panax notoginseng? - splat
This is like hanging yourself but the rope breaks. - DTM
Dude Listen to mtm. He's a marriage counselor at burning man. - subtle plague
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05-11-2022, 04:10 PM #8943
If you think of crypto as "unregulated extremely volatile non-state currency speculation" you can stop worrying about which type of "sum investing" it is most like.
Originally Posted by blurred
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05-11-2022, 04:21 PM #8944
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05-11-2022, 04:37 PM #8945
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05-11-2022, 04:44 PM #8946Registered User
- Join Date
- Dec 2003
- Posts
- 1,107
Unfortunate timing for this social media manager:
https://twitter.com/coxen00/status/1524074894761336837
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05-11-2022, 04:46 PM #8947
Bitcoin....who's gotten into it?
Fortunately there is little regulation and no deposit insurance so there will be no taxpayer bailout.
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05-11-2022, 04:47 PM #8948
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05-11-2022, 04:49 PM #8949
Tether cracking?
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05-11-2022, 04:55 PM #8950
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