I'm Happy That I Didn't Participate in the Crypto Currency Market.

dont be a chicken take out a second mortgage and let it ride on Crypto,,its going to a million dollars a coin,,you dont wanna miss out on twin Lambo's in the garage do ya? YOLO

I think the poster meant;

It's a multiple synthetic multiplier derivative, you know that new technology block chain thing.

For Bitcoin, yes. It's possible the Bitcoin community
can salvage it if they act quickly like Ethereum did. The
only true fix is ditching the consensus mechanism,
which is their religion, though, so they'll do half-ass
patches like they have for the past eight years. They'll
change the 21 million coin limit, or drop the halving
mechanism, which buys another year or two.

If they do nothing, Bitcoin fails from lack of traffic
capacity as miners dwindle.

.

It is absolute garbage and by FAR the biggest scam to ever hit the financial sector to date.

But "don't worry about the price, just keep buying."

You are the ignorant one. You and many other greedy sellout fucks on here have no business promoting that shit on a conspiracy forum.

If you are too stupid to know what I am referring to, well, just fuck off and go lick some boots.

Yeah, it's FAR worse than a derivative.

Amen. That's like participating in the slave trade. Soon literally. But the sad part is y'all who aren't already TPTB that think you are gonna come out big time like cryptotard or monk or whatever he goes by, are going to be sadly mistaken when they can't use their shit and come to the realization that they have sold out their fellow man. Even the evil ones look down on that I've heard.

The problem is people are being told it's crypto that's risky and dangerous, it's not really... the exchanges are the risky part. Led by a lack of clarity and fear of being sued for things today the government decides is illegal in the future has led people to go off shore... and many of those off shore exchanges are scams.

In the US you cannot create an exchange and use the customer deposits to create a new currency then set the value of that currency yourself to borrow against it (collateral) and use the funds to speculate in risky other investments.

I started buying crypto in 2012 and only ever put in what I was willing to light on fire and lose. And now even with the 85% "collapse" I'm up tens of thousands of percent across the board.

What I don't do, however, is let someone else hold all that crypto. It's all offline in cold storage.

It may all very well go to zero and at this point it doesn't matter as I've migrated enough profits out and put into income investments like QYLD and get 18 cents per share per month dividend on a $17 share. Doesn't sound like a lot and a lot of investment to get 18 cents... But when you have 100,000 shares and are making $18,000 a month for the rest of your life... that makes a difference.you let that DRIP for 15 years and you're taking home around $50,000 a month forever.

Diversify and protect... only the risky make generational wealth... not gold.

What is the value of the dollars in your wallet that can be printed in to oblivion? (Like they currently are). Every second that dollar sits in your wallet it is becoming weaker. Official numbers are 8.8% per annum, but real inflation probably closer to 20%.

So you need to be getting a 20% return on your dollar just to keep your head above water with inflation! If you've been hoping to do that with your 401K or the stock market. It's been a shitty year. If you are beating inflation maybe you could give us all some investment pointers.

I encourage you not to be involved in crypto because the MSM headlines scare you. What sets something like bitcoin apart from the dollar ponzi scheme, is that scarcity is built in to the blockchain. Meaning millions, if not billions of people will flood in to crypto over the next few years as a safe haven from fiat banking system collapse. That's exactly what happened in Venezuela. Which was the first hyper-inflationary collapse in the cryptocurrency era.

Smart, same here.

I knew it to be a ponzi scheme from the beginning. It was for technical people without morals, to take advantage of greedy investors.

All of you investing now, are suckers. All of you who invested before chose greed over integrity.

That is actually investing 101, retard.

I didn't lose a dime on Cryto. I made a lot of money on other investments.

I would never take my hard earned money and invest in a ponzi scheme.

I could start selling rocks for a penny. This would work as long as there were one more retard to pay more than the last retard for the rocks.

At a point there will be no more buyers for the rocks. The guys who bought the really cheap rocks win...everyone else loses.

I would rather buy the rocks as I would at least have something to show for it. With Crypto you have nothing in the end.

I started mining way back and sold most when the market went up. Still kept some for a rainy day just to see if it would go up even more. Not sorry at all, it bought me a lot of nice things and put money in the bank. Timing was everything with crypto. It may go back up but I'm not counting on it.

I got in 2020, by 2021 midway I made 2700$ into over 1,000,000$ copying harder please.

Every 'crypto expert' I know is a bumbling idiot.

Know-it-all fools who don't know jack shit.

Oh and every one of them have lost their ass on this worthless garbage.

it's also possible that exchanges like Gemini may
step in and take over the miner function, as they
have billions locked up in Bitcoin. But they'd
be operating at a loss of millions per week,
the miners are losing $600 million per month
right now, and if Bitcoin stays in this $15-25K
trading range until 2024, that goes to over
$1.2 billion per month.

All of the Crypto - Tards are going to feel it in the wallet. Back to the basement they go. There's a reason it starts with "crypt." Order your hot pockets now! Oh wait I forgot..that takes real money....

This wasn't a random post.

My posts come from thoughts and experiences...never random.

I'm sorry if you lost money. Maybe that is why I felt the need to make this thread. Too many similar stories.

Learn from mistakes. Not you specifically...all of us.

Peace.

Rrrrrriiiiiiight.

That why I don't rely on dollars exclusively.

That shit was shilled hard here on GeeLPee too

Fail harder bro. Jeez

Built life changing wealth over 7 years. Now retired early.

Dumbass.

If you can't hold it good luck

pI'm happy that I didn't Participate in the "safe and effective" death shot "vaccine" scam.

Enjoy sitting around doing nothing, congrats!

Yep same here I was able to retire much earlier. But I was lucky and got in early. Not sure that could be replicated now.

I, too, share your joy.... not saying there isn't a place for it in the scheming machinations of those running the "reserve banks" and other completely untrustworthy bottom feeders, but from the very first time i heard/read about it there was the reality slamming me in the face that this is just "AIR," digits on a computer... purely a false scenario aimed at the low IQ "investors" and grandma's basement dwellers....

Yep, saved myself and my family again.. pray, prep and protect 'cause the hellish fallout from this fiasco hasn't begun to show it's vomitus head...

dj out.

I don't hold dollars.