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Crypto collapse
I sure am glad I never fell for the crypto currency fad;
This is an article from yesterday, and it sank a bunch more today. Gee, a currency backed by nothing but imagination and favored by nefarious folks like major drug dealers, what could go wrong? A bunch of little guys caught up in the mess are hurting too. I wonder about the sellers on here that trade in crypto? If they took real money they wouldn't have taken a bath like they did with crypto.
Of course, even though it is super volitile, good old geriatric Joe has formed a commission to look into the feasibility of our govt getting in the crypto game. Crypto is nothing but a solution for a non-existent problem. Bob
Comments
NOOOOO!! Are you saying fake money isn't valuable?? Remember the dot com bubble in 2001?? I was in Southern California for three weeks and the pawn shops were loaded with high end watches and even sports cars from fools who had bought into companies who made nothing.
So-called "real" money is also backed by nothing and has been since the 1970s. The only difference is that crypto is backed by a bunch of crooks and geeks, and the US dollar is backed by politician's promises, who are also crooks.
so the new us goverment digital dollar will be hot air too🤑
GOLD. The only true currency that has always been worth something.
O h! What a revelation this was, The money creation club is closed and no new members need to apply,Just like overthrowing a government and making it the good old days again are over as being a mercenary to boot!😎
serf
Makes me glad I got out of the market. The current administration leaves me lacking confidence.
No 'crypto' here. No gold, either.
Land, livestock, guns, and ammo--these things beat all other investments when push comes to shove.
Until you are overtaken by a bigger foe,Farm animals or crops are your only liquid assets. Having commodities assets that are concentrated in a small packages should have been in your tool box. At least 10%. If you were to be injured or died, could you still protect your assets for your family?
serf
I've invested a small amount into crypto. It's a volitile market for sure. Which means of course, there are some nice gains to be made if you play it correctly and watch it closely. It's getting close to buy time, by my watch.
And fiery auto crashes
Some will die in hot pursuit
While sifting through my ashes
Some will fall in love with life
And drink it from a fountain
That is pouring like an avalanche
Coming down the mountain
If you want to play with fake money go buy a monopoly game
"If you were to be injured or died, could you still protect your assets for your family?"
All the other family members have intact trigger fingers.
Investing in Bitcoin seems quite a bit smarter than any of these folks:
And fiery auto crashes
Some will die in hot pursuit
While sifting through my ashes
Some will fall in love with life
And drink it from a fountain
That is pouring like an avalanche
Coming down the mountain
Typical young society. I will take a few of those for 1800
They have no clue....
Are you kidding? I'll take ALL of them for $1800 a whack. Wow.