Crypto in a nutshell… you think ya know but ya don’t know…

I sell something priceless… knowledge and truth. We are all pawns in this game.

truth and knowledge is something GLP does not like it seems unless it’s from Q

Already planned 15 years ago. A means to smuggle trillions of money out of China when they collapse China’s economy. China tried to ban outflowing Yuan and now cracking down on all cryptos.

Big empires playing chess games fellas. invest wisely.

As gold was used as a tool to smuggle wealth out of a country they’ve replaced it with Crypto.

Everything else is fog, chatter and should be deemed as such.

Crypto is a trading instrument…

In a nutshell…

It is the modern day high volatility market for traders to play…

It’s a small market and is easily kicked around by big trading houses…

And you can short crypto…. Several instruments available…

All the crypto trading happening has to be taking away liquidity from the regular stock market... I really think we could starve off these huge corporations by choosing to earn our money Trading in cryptos instead of the regular stock market

I still need to figure out how to short crypto but I know you can do it with Prime xbt

All the crypto trading happening has to be taking away liquidity from the regular stock market... I really think we could starve off these huge corporations by choosing to earn our money Trading in cryptos instead of the regular stock market

I still need to figure out how to short crypto but I know you can do it with Prime xbt

it is a trap!

It’s a 2T cash market…

That is chump change in market sector sizing…

It has drawn some houses to participate because who does not love beta?

Particularly if you are a good trader…

all I can say to you is diversify. don’t be greedy. accept a 10-20% annual return. A 20% return is crazy high if you get that consistently every year. On a 50K investment with a return of 20% in 25 years…. without adding more in you end up with $ 4.76Mill. Compounded Gains is your friend.

many have been burned trying to goto the moon and yolo’ing. Invest wisely and listen to billionaire investors not stock/crypto influencers.

Look into Flexa you absolute dolt. They have a network of 40,000 stores in the US (Whole Foods, Sheetz, Walmart, Lowes, etc.) that take crypto payments using their system. Do some research before you spout shit you don't know anything about.

Crypto was being developed in the 1980’s son. And it has little or nothing to do with China.

I’ve been trading crypto for almost ten years now. Long before most of you were out of diapers. Made a killing on BTC when I bought in at $200 bucks.

I could tell you the real reason behind crypto but most of you don’t have the attention span to read it. Nor would you believe it because you aren’t ready.

So play it safe and buy XRP/XLM. it will be the global currency anyway.

If they wanted to 'shut down crypto' all they have to do is shutdown your fiat offramp exchanges. Literally that easy.

Since crypto isn't actually used anywhere for 'payments' (since coinbros gave up on it being money and now call it 'store of value'), and as crypto is only used for gambling, shutting down the 2-3 fiat offramps like coinbase and kraken would effectively kill crypto.

You're trading suduko puzzles back in forth and pretending they have value.

You have absolutely no 'education'. You spout easily debunked bullshit from /r/bitcoin.

No 'crypto' is effective for payments as it is valued in garbage money aka stablecoins. No-one takes it because it's a pain in the ass to convert to actual money. The exchanges are gray market nonsense working through loopholes that are already in the process of being shut-down.

You might as well buy beanie babies.

Glad you think it's 'morally right' to transfer millions of dollars to peter theil, brian armstrong, tether, 'early adopters' and miners out of china.

There is absolutely no benefit to 'crypto' to the average person except as being a pyramid scheme and shilling your shitcoins to other people so number go up and you get more money.



*****WRONG!!!!†**********

Never before have had tech that allows anon people to transact between each other in a trusted way without a 3rd party gatekeeper - that is a 1st order paradigm shifting event.

Thanks to blockchain we now also have censorship resistant websites via unstoppable domains. This is the tech that we need right now. This is the tech that preserves privacy, autonomy and freedom of speech! There is nothing more significant. You have no idea what you are talking about. The true ponzi is fucking fiat currency that has unlimited supply and is being printed to the value of zero as we speak. Fucking dipshits.

************

Keep your ponzi money. Maybe you'll find a sucker to buy it one day.

Crypto was being developed in the 1980’s son. And it has little or nothing to do with China.

I’ve been trading crypto for almost ten years now. Long before most of you were out of diapers. Made a killing on BTC when I bought in at $200 bucks.

I could tell you the real reason behind crypto but most of you don’t have the attention span to read it. Nor would you believe it because you aren’t ready.

So play it safe and buy XRP/XLM. it will be the global currency anyway.

You have absolutely no 'education'. You spout easily debunked bullshit from /r/bitcoin.

No 'crypto' is effective for payments as it is valued in garbage money aka stablecoins. No-one takes it because it's a pain in the ass to convert to actual money. The exchanges are gray market nonsense working through loopholes that are already in the process of being shut-down.

You might as well buy beanie babies.

Glad you think it's 'morally right' to transfer millions of dollars to peter theil, brian armstrong, tether, 'early adopters' and miners out of china.

There is absolutely no benefit to 'crypto' to the average person except as being a pyramid scheme and shilling your shitcoins to other people so number go up and you get more money.

Keep your ponzi money. Maybe you'll find a sucker to buy it one day.

You have absolutely no 'education'. You spout easily debunked bullshit from /r/bitcoin.

No 'crypto' is effective for payments as it is valued in garbage money aka stablecoins. No-one takes it because it's a pain in the ass to convert to actual money. The exchanges are gray market nonsense working through loopholes that are already in the process of being shut-down.

You might as well buy beanie babies.

Glad you think it's 'morally right' to transfer millions of dollars to peter theil, brian armstrong, tether, 'early adopters' and miners out of china.

There is absolutely no benefit to 'crypto' to the average person except as being a pyramid scheme and shilling your shitcoins to other people so number go up and you get more money.

Keep your ponzi money. Maybe you'll find a sucker to buy it one day.

If things get really bad and there's an EMP and everything gets shut down you might not have your cryptos for a while (assuming you have them on Cold storage) but you will get them back

People act like we're going to have a mad Max scenario for the rest of our lives

You have to think about the future and what it will look like when everything is rebuilt

You're welcome.

Also, bear in mind that if you want to swap back into dollars, there are "stablecoins" that mimic the US dollar on a (usually extremely close) 1:1 basis.

I would use USDC, personally. I would not use USDT (aka Tether.)

The advantage of this is that you are not creating a taxable event, as you would if you sold your holdings on an exchange for actual dollars.

You can keep stablecoins in a load of different wallets. I use Atomic Wallet, which also allows a wide range of swapping as a built-in feature.

I do believe it IS a taxable event if you exchange your coin into a stable coin. Where are you getting your info that it's not a taxable event?

You're welcome.

Also, bear in mind that if you want to swap back into dollars, there are "stablecoins" that mimic the US dollar on a (usually extremely close) 1:1 basis.

I would use USDC, personally. I would not use USDT (aka Tether.)

The advantage of this is that you are not creating a taxable event, as you would if you sold your holdings on an exchange for actual dollars.

You can keep stablecoins in a load of different wallets. I use Atomic Wallet, which also allows a wide range of swapping as a built-in feature.

This is completely untrue and if any newbie is reading this you better do your homework. ANY transaction between coins (even stable coins) is a taxable event. The IRS will look at going into a stable coin as though you cashed out to USD and you will owe taxes on that (even though you don't have USD) if the place you did the exchange reports to the IRS. At this point in time I believe the level of transactions in a year for US citizens is $10,000 (it was $20,000). Once you go over that, everything you do gets reported on a US registered exchange. Why do you think they went after Binance?

If you go from BTC to ETH and back again that is two reportable transactions, regardless of the coins you transact in.

People have gotten buried by the IRS by selling BTC when it ran up to $20K and then went into other coins. By the end of that year the market had tanked, but they still owed the tax for earlier transaction. Also, you can only deduct $3k of losses per year, so another thing to be aware of.

As for everyon spending with their credit cards, be careful. I haven't done research on it, but I'm not sure if those exchanges offering those report or not. You could spend $15K on gold coins, but IRS might say you owe capital gains on the crypto when you sold it to buy the coins.

It's all about the reporting structure.