I've debated putting money into some coins but something internally stops me and makes me focus on the facts.
1. All crypto is backed by nothing as opposed to stocks which you own a part of the company or tangible/intangible assets.
2. All crypto is more like a HYIP/Ponzi, it constantly needs new people putting more money into each coin than those selling it or else it become stagnate and dips.
3. The only ones who're truly making big money are the exchanges who get your FIAT in return for giving you a coin that has no real value, only a delusional perceptive value.
4. The value of crypto is solely based on one's perception. We all know we need oxygen, water, food, and shelter to survive. Crypto isn't something anyone really needs and it requires so much to maintain itself (electricity, internet connection, computers, electronic/digital wallets, etc.). That will be the biggest struggle of its adoption. Many people hate FIAT, why would they get into digital COINS/TOKENS that require much more to maintain itself and can easily be lost?
5. Putting money into crypto destabilizes countries/governments and hurts your neighbor & local community as it gives nothing back to it!
Funfact, most of the money in the world isnt real or backed by anything either.
>5. Putting money into crypto destabilizes countries/governments and hurts your neighbor & local community as it gives nothing back to it!
I fucking lol'd
Carter Williams
DON'T IT'S TOO LATE IT'S OVER BITCOIN IS DEAD IT'S CRASHING
Parker Campbell
Monero is the only needed cryptocurrency, everything else is gimmicky useless crap
Brody Barnes
. Putting money into crypto destabilizes countries/governments and hurts your neighbor & local community as it gives nothing back to it!
In Finland you have to pay 34% incomes tax for all crypto profits.
Now tell me how this hurts the government.
Robert Jenkins
Sometimes you see an opportunity and you have to just dive in. Sometimes you have to take risks to win. Sometimes you just have to stop being a pussy.
Blake Brooks
I agree with you 100%. It's worthless. It's a bubble.
BUT
you can still make money off it, just don't bet the house on it.
Joseph Peterson
6 month out muh mate.
Julian Thomas
1) true, but you are comparing a stock to a currency. make a apples to apples comparison, like fiat money or a precious metal gold
2)ponzi scheme requires someone actively perpetuating a scam. if the price dips and stagnates that doesn't take away from it's purpose, it's just worth less, it doesn't mean it can't 'pay off' it's older stakeholders. it can't collapse because there are no dividends or liabilities to pay older stakeholders.
3. perceptive value is value, hello fiat money. trust and confidence is the same reason why you use the USD, it has no intrinsic value aside from being a piece of cotton. exchanges obviously make money, they provide a service, it would be asinine to not expect them to profit from offering a service.
4.again, see point 3. you are describing fiat money. if we ever get to the point of a global society where electricity/food/internet/shelter is not plentiful, then we're fucked either way and i hope you stockpiled guns and food because those are the only things that matter in that scenario.
5. you pay taxes on any gains and cryptos can potentially facilitate a cheaper transactional ecosystem. this is still alpha stage.
Cameron Morgan
>1. All crypto is backed by nothing So is the Euro or the Bolivar. It's all make-believe and fair dust.
2. All crypto is more like a HYIP/Ponzi No. As long as people are willing to exchange products and services for crypto, it has value. No direct FIAT influx of money required.
>3. The only ones who're truly making big money are the exchanges Then don't use them and buy your coin locally.
>4. Crypto isn't something anyone really needs and it requires so much to maintain itself (electricity, internet connection, computers, electronic/digital wallets, etc.). How much do you think does producing, exchanging and protecting the USD cost?
>5. Putting money into crypto destabilizes countries/governments No, but I'll bite. So please explain how it does that. If anything, same can be said for any other currency that you buy that isn't issued by your country's government.
Camden Campbell
Follow the leader in terms of development and I think that's Vitalik so it's ETH and OMG token as far as hodls go
Colton Gonzalez
Some of the exchanges are outright criminal enterprizes. bittrex uses in house bot to take maximum btc from users
Jayden Diaz
Don't worry. It will be solved once banks allow buying crypto to normies
Blake Allen
>5. Putting money into crypto destabilizes countries/governments and hurts your neighbor & local community as it gives nothing back to it! No, it strengthens the local area by allowing transactions to happen easily and freely, and makes a large part of government and the evil it brings obsolete.
Everything else you've said is so stupid it's not even worth giving a reply to.
Aiden Morris
>5. Putting money into crypto destabilizes countries/governments and hurts your neighbor & local community as it gives nothing back to it!
imagine how cucked you have to be to have been lead to believe this
Evan Rogers
Crypto protects your welth from the government, from judges, from socialists, from women. That's why it is a good thing and has future. Imagine your country goes full Venezuela or Zimbabwe or something... Politicians like printing money too much.
Hunter Gray
>4. The value of crypto is solely based on one's perception
Can be applied to anything.
Crypto also have a functional value
Brayden Gutierrez
You guys convinced me. I bought a few ETH.
Leo Williams
I have 99% of my money on coinbase kek
Hunter Kelly
Isn't 5 kind of the point? The government that wants to take my money and give it to non whites and the worst whites?
Easton Ward
Most of the money printing is from loans. When we take out a loan, that money doesn't exist. 90-95% of the currency created is simply us taking out loans.
I AM THE ONE WHO PRINTS
Adrian Morris
>5. Putting money into crypto destabilizes countries/governments and hurts your neighbor & local community as it gives nothing back to it!
All they are doing with our tax money is importing africans. If we want to invest our money on our children, we are going to have to do it ourselves. Paying taxes is very detrimental to our people's future.
Aaron Reed
Might not have been the absolutely best time to buy in, but it is down. Buy the dip sell the tip.
Logan Long
they import africans and create new laws to steal through sherrifs and police whatever you have that the jew aparteid government wants. jews run the usa in an invisible apparteid that is covered up in public schools andd universities. We live under jewish crime law tht legalizes jewish crime and outlaws EVERYTHING ELSE kill jews save the earth. The humans must kill off the jews to save humanity
Anthony Lopez
What backs up money now? What is fractional reserve banking? Money is created from thin air, but that doesnt change anything in terms of crypto. Its literally just a digital version of what we have now.
Blake Reed
Let's say I want to enter in this game?
What i need to do? Wallet? Can i buy bitcoin with credit card? help me pls
Hunter Martinez
How well-reasoned.
Jace Parker
>I am a cuck faggot. A total cucked make out with wife after receiving black cock semen cuck faggot. That's if I could ever have a disgusting beached whale wife to begin with. Convince me to stop being a wimpy cuckold faggot cuck.
No.
Matthew Green
Open an account in coinbase. If you can get your CC verfied, transactions should be instant (you can buy BTC, ETH, or LTC).
Once you have that, you can transfer your coin from coinbase to an exchange account like bittrex, and trade for a variety of other coins (XMR, NEO,OMG,ARK etc). When you need to cash out i send my btc/eth/ltc back to coinbase and withdraw. Simple.
Yes there are fees, but theyll be a pittance compared to your gains (or youre doing it wrong).
Gl have fun, dont invest more than you can stand to lose. Ever.
Leo Morgan
A currency that subverts central banking should be a major blow to Jewish interests. Taking the fight to the banks is basically fighting the jew on its own soil.
Levi Morgan
He is right in that aspect
Money in stocks, debt bonds and crypto does not help the real economy in anyway. It will never improve your local area nor will it benefit your country. It does benefit you though.
What op is looking for is likely venture capital projects, this are high risk but if you pick the right ones you can change lives, the world and net a good return
Michael Green
Thanks a lot.
The fees are high? Or in percentage? I'm going to invest 30$ to begin with.
Benjamin King
pubic schools force all children to believe wy2 was about hitler killing jews. No children are taught the jews introduced incme tax via paul warburg ad the jewish federal reserve. Children are also never taught that jews controls the courts and runs the federal court system. END JEW LA. KILLL KJEWS. HUMANITY MUUST BE FREE from the yoke of institutional jew swindles. KILL ALL JEWS. KILL ALL JEWS KILL ALL JEWS[ All creatures of earth must be freed from jewish crime
Angel Harris
Yes keep all your money in a currency where the government can litterally print more if they need to.
Jeremiah Reed
It's different Fiat is created through loans, literally just typing a number into a computer Crypto has to be calculated and is capped, therefore scarce and immune to inflation
Ayden Wright
1.What makes crypto money is the underlying system of transmitting the value instantly and flawlessly. Blockchain is what makes it valuable. What makes one currency valuable against another is totally subjective 2.You are correct.Tons of hype many are penny stock tier coins 3. see 1. 4.Crypto is what gold was when it first became money. It's took a lot to get it out of the ground, but as a medium of exchange it was unparalleled. 5.Destabilizing your government isn't a bad thing. Your government is evil. What Crypto does is to free the money supply from the government like it was when the world traded in gold.
If you can understand the austrian theory of money and banking you can see how neatly crypto currency matches up with the idea of how free market money came to be.
I've just started to understand what the blockchain is and I think it has the potential to decimate traditional finance and banking and that all regulation of it must be opposed.
