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Cryptocurrencies are no doubt part of our collective future, but presently it seems like a giant financial sponge to absorb the trillions being..

 
Freefreakshow
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10/30/2021 03:28 AM
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Cryptocurrencies are no doubt part of our collective future, but presently it seems like a giant financial sponge to absorb the trillions being..
US money is being printed like crazy.. Think how much is being absorbed (globally) into crypto currencies.

Are you familiar with bubbles? Not soap bubbles, not soda bubbles, but investment bubbles.

Tulip Mania! Keep your sanity if you are dabbling in the markets. If it's just for fun, or a sensible segment of your financial plan, OK... but if 70%+ of your wealth is in cryptocurrencies, ... even stocks, think seriously about buying something more durable.

In Germany after the money crash, people with farm land became very wealthy. ..
Just saying...
People never want to hear that their bubble is a bubble and that it has a dangerous future..

Trust your gut. I knew people who thought that they were millionaires in 2005 with their "ownership" of houses.
Freefreakshow
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Moldova
10/30/2021 03:33 AM
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Re: Cryptocurrencies are no doubt part of our collective future, but presently it seems like a giant financial sponge to absorb the trillions being..
Bitcoins market cap is over 1 trillion dollars.
That's crazy
Anonymous Coward
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10/30/2021 07:56 AM
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Re: Cryptocurrencies are no doubt part of our collective future, but presently it seems like a giant financial sponge to absorb the trillions being..
BS! Bitcoin is the biggest scam of our generation, way bigger than Enron. Alot of craps now worth millions due to Fed policies. NFT? TESLA? Alot of stocks that on the line of bankcrptcy are now shooting to record high and they do literrally nothing just like bitcoin. If you want to counter my opinion, please show me the chart of the bitcoin utility over the year.
Ron_Renfield_MD

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10/30/2021 08:01 AM
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Re: Cryptocurrencies are no doubt part of our collective future, but presently it seems like a giant financial sponge to absorb the trillions being..
crypto is here to stay and has massive room to grow

TPTB will introduce something eventually, but it would be hard for them to destroy the existing framework

with enough acceptance, commerce can take place entirely on a blockchain, pay your plumber in bitcoin.

in El Salvador, now it is legal tender, do they want to convert it to USD? probably not

now you have an economy de-coupled from the system
Newandimproved

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10/30/2021 08:04 AM

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Re: Cryptocurrencies are no doubt part of our collective future, but presently it seems like a giant financial sponge to absorb the trillions being..
It's like an imaginary wild west where you're floating in outer space.
There is no ground.
There is no horizon or end in sight.
It's endless and new.
People are getting more excited by creating in the crypto, block chain world, with games and nfts now joining in.
I wish we would realize the physical world is just as exciting to create in.
We don't need to hide in the virtual.
"We must be clear that when it comes to atoms, language can be used only as in poetry."--NIELS BOHR
DiamondBlack

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10/30/2021 08:06 AM
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Re: Cryptocurrencies are no doubt part of our collective future, but presently it seems like a giant financial sponge to absorb the trillions being..
It's artificial.
[link to www.facebook.com (secure)]

Enough bullshit, end the control system now.
Newandimproved

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10/30/2021 08:06 AM

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Re: Cryptocurrencies are no doubt part of our collective future, but presently it seems like a giant financial sponge to absorb the trillions being..
crypto is here to stay and has massive room to grow

TPTB will introduce something eventually, but it would be hard for them to destroy the existing framework

with enough acceptance, commerce can take place entirely on a blockchain, pay your plumber in bitcoin.

in El Salvador, now it is legal tender, do they want to convert it to USD? probably not

now you have an economy de-coupled from the system
 Quoting: Ron_Renfield_MD


Except it needs electricity.
Whoever controls the power grid controls crypto.
"We must be clear that when it comes to atoms, language can be used only as in poetry."--NIELS BOHR
Anonymous Coward
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10/30/2021 08:13 AM
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Re: Cryptocurrencies are no doubt part of our collective future, but presently it seems like a giant financial sponge to absorb the trillions being..
REEEEEEEEEEE!! The fed is bad, but don't use this independent currency that can be sent to anyone with a smart phone! ITS A PONZI!!! REEEEE!!!

dead3





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