Hello all of you newbies searching for information about cryptocurrency, trying to gain access to lamboland and getting a taste of that sweet #MoonPoonTM. I come to you from a time much like today, when Bitcoin soars and optimism tickles your povertyginy. I come not from the future, but the past, to warn you of something many have forgotten. Gather around, and let us have a discussion about where your money is right now, and who you are trusting in this trustless world. Let me tell you a story about a populat exchange much like one that is operating today. Let me tell you, about MT GOX.
All the newbies please gather around
Jack Evans
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Mason Morales
>centralized exchange proves decentralized tokens are shit
Ian Sullivan
We told them they are early adopters, and they believed us.
Evan Peterson
Please do, I've been trading for about a year now in crypto and just pulled out of ETH and BTC today (both seem overbought and will dip) but I'm ready to buy the ETH dip and probably BTC's as well.
Tell me about the days before 2016 in this market please and the days of Mt. Gox.
Jayden Martinez
For your consideration:
Angel Clark
the price should tell you the story..
100 -> $1000 -> $300
Ayden Morris
yes and if coinbase had anything like this then it would be major news. they are FDIC insured for FIAT and insured for Bitcoin by a company in England. Most of their coins are stored in cold wallets. AKA good luck guessing the private key. Mt. Gox was in the past while bitcoin wasn't as mature. not saying exchanges can't get hacked but it will be on a lesser scale(do you see Chase or Wells Fargo lose 90% of customer funds? no)
Noah Lewis
100 -> 1000 -> 300 -> 2500 -> 2000 -> 5000 -> 4000 -> 9000 -> etc.... your fucking point?
Jonathan Ross
I have to agree with this...as much as I hate Coinbase for banning me temporarily for no reason and giving me low buy limits, I trust them with my money.
Levi Turner
People who say "If only I bought BTC at $__ I would be a millionaire" don't realize that they would have cashed out around one of the crashes. The amount of FUD and lack of faith in crypto immediately after shit like MtGox scared away everyone except the most zealous crypto investors.