Cryptocurrency
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- _niko2
in 10 years time we will look back and say
A) Wow I can't believe we lost all our money on the worlds biggest Ponzi Scheme
B) Wow I can't believe we all became multi-millionaires for no reason at all.
- C) I can believe we used to work for pieces of paper printed by Governments that debased its value at will and backed it with guns/threat of violence.shapesalad
- D) LOL those central bank crypto currencies never took off as no one wanted government controlled money.shapesalad
- theres a crash to every ponzi... so there will be tons of reasons and a massive blowback. same old same old.neverscared
- and the air will be much harder to breath on top of that... but at least some greed boys had their fun.neverscared
- Apparently many of you don't have mortgages if u don't understand working for "pieces of paper printed by governments" the whole cryptospace isjonny_quest_lives
- full of libertarian man children who want something for nothing then try to browbeat the next sucker into the cult just to move the grift along.jonny_quest_lives
- I think you miss the point, I want to work, and earn btc. Not work, earn fiat, and it instantly start losing value day by day.shapesalad
- currently nothing stopping you from offering your services to fellow like minded crypto enthusiasts for payment.jonny_quest_lives
- or take some of your income and fiat and pump it into an exchange i hear they give you bonuses for pumping real money in...jonny_quest_lives
- i prefer not to be paid in something that can flash crash tomorrow.jonny_quest_lives
- but what if it flash booms tomorrow. You could earn the same money again from doing absolutely nothing.microkorg
- spl33nidoru4
C) I can’t believe we could have all been rich
- that's what we've been saying now, looking back a few years :)monospaced
- neverscared1
*Cuban ransomware that shook down $40M in crypto from various US firms since Jan 2020. What would Cuban hackers do with that kinda money?
buy a vulcano in vene ?https://uk.pcmag.com/security/1...
- https://uk.pcmag.com…neverscared
- Cubans with internet access didn't like the guys on the picture and live in Floridauan
- ok, u are must know. ehehehneverscared
- scarabin3
Apparently tether printed 1,500,000,000 USDT a couple days ago, backed by nothing at all, which is being used to buy other crypto like bitcoin. Wouldn’t this devalue those other coins? I don’t get how they can just pull that money out of thin air.
- exactly. none of it makes any sense.
everyone knows this. Just get while the getting's good is the underlying philosophy._niko - like bernie maddoff did ?!neverscared
- like Madoff's investors, many knew what was going on and the returns were impossible but they just shut the fuck up and raked in the dough_niko
- lol neverscared beat me to it_niko
- yeahh its funny , not so much when the blowback comes.. though... boom boom crashneverscared
- If they printed a massive chunk of money to buy Bitcoin, wouldn’t that push Bitcoin higher?********
- Yeah but then the bitcoin market is propped up by fake money, kind of making it worthless? If i were a crypto “bank” i wouldn’t cash out anything bought w USDTscarabin
- or is it because the stable coins bind worth to fiat currency...they probably think they can do they same as a central bank. and those are fighting back.uan
- 1.5 billion is nothing in the crypto spaceinteliboy
- Tether has survived 100 and this makes it 101 FUD attacks plus a sec lawsuit.inteliboy
- there is a tipping point for every fraud... and then it flash crashes... tether is the first.neverscared
- exactly. none of it makes any sense.
- neverscared2
Japan's Financial Services Agency Seeking to Ban Stablecoins like #Tether amid ongoing fraud, price manipulation, and money laundering concerns.
- sted2
D) I can’t believe what fun times those were, with all the stupid memes and people going batshit craze over digital assets.
- AQUTE3
This is the best Christmas ever ... you get to buy all the coins at a discount. I am seriously excited for this wonky winter.
- neverscared4
- "Keep the web free, say no to Web3"
https://yesterweb.or…grafician - "Keep the road free, say no to Model 3"
https://stroy-podska…zaq
- "Keep the web free, say no to Web3"
- shapesalad0
- he was right about Solana...inteliboy
- all in.inteliboy
- incase you're confused it's a parody and means to highlight - do proper research.shapesalad
- /sinteliboy
- but thanks dad.inteliboy
- BuddhaHat1
https://pressreleases.responseso…
Percentage of crypto investors who used one or more credit facilities to fund purchase, by age
18 - 24: 70%
25 - 34: 64%
35 - 44: 68.9%
45 - 54: 62.5%
55 - 64: 45%
65+: 25%When we break down what kinds of credit facilities people have used to purchase cryptocurrencies, over a
third (35.5%) made their investment using a credit card. Almost a fifth (19.3%) funded the purchase out
of their overdraft.Credit card: 35.5%
Overdraft: 19.3%
Personal loan: 14.6%
Secured loan: 9%
Payday loan: 7.6%
Page 2
Re-mortgage: 3.3%Scary figure for the youngsters borrowing to get into crypto...
- not so scary if they are smart enough to pay off that debt fast with the gains they made.uan
- then everybody wins. Once you have some crypto, you lend it to the crypto banks and you get interests you can use to pay off the cc debt.uan
- ^ that's wishful thinking. Never has there been a bubble where the majority wisely took profits to pay down debt.formed
- in a way the actual crypto system teaches you to value your coins...you see the value grow. like how the banks used to be before the 70ies I was told.uan
- so instead of teaching you a consume mindset like what the cc banks do, you hold them and let the bank invest for you.uan
- they use state of the art investment software and share the growth. (at least till now).
I'm starting to believe it's built in in the algorithm of bitcoin...uan - ...it shifts your mind on the concept of value.uan
- I totally disagree with that (but welcome to read facts to the contrary). What I see is bubbles everywhere - NFT's, etc. People have a false sense of 'wealth'formed
- and are living like that money 'made' is already a done deal, but like stocks, until it's turned into dollars, it's all on paper.formed
- and as Buddha posted, it's insanely leveraged, meaning that when things crash, and they always do, these kids will be not only broke, but massively in debt.formed
- [meant to say "respectfully" disagree :-) ]formed
- :-) I agree on the fairly common false sense of 'wealth'. But the last drop this week, the kids went 'it's a trap'. just wait it out.uan
- as long as the price is low, they stock up more bitcoins and they only make € when they don't lose too much crypto.uan
- Too risky for my blood. I know that if stocks drop 30-40% they'll come back, eventaully. Crypto I don't have that faith. I think if btc dropped 60-70%, whichformed
- it could easily do in a few days, it could race to 0 even faster. I saw the dotcom bubble burst (and felt it). It can happen in the blink of an eye.formed
- Currently, EVERYTHING is priced to perfection, which is just unstainable. BTC has no value beyond speculation. Ethereum I am far more interested in.formed
- GuyFawkes0
for about 50 minutes today I had around 22 billion dollars in XRP (maxed at 24 billion), the second I was going to to transfer that shit out of coinbase to another wallet so I convert it to another coin it dropped back down to where it was leaving me with about $900 in XRP.
- I'm still fucking shakingGuyFawkes
- That happened to me once with VET,
$3.5bn- tried to convert it to BTC but then it failed and when back to normal - still yeah quite the buzz while it lasted!_me_ - You thought you'll get away with that shit? Lol********
- no, not really . . ._me_
- At its peak I was “up” $24 TRILLION.5timuli
- like little children... its embarrassing ... so much greed .. wow.neverscared
- GuyFawkes5
- Time to get that nice new bedmicrokorg
- QBN HERO OF THE DAYAQUTE
- You know I've always loved you, right?Nairn
- Sell.monospaced
- serious question guy, what if you transferred in in time and there was nothing you can do about it? what would you do with all that money?_niko
- https://www.youtube.…GuyFawkes
- I'd buy an island and throw a big bash for my fellow QBNers. I'd get Simon to invite the girls and I'd get Scarabin to curate the drugs :)_niko
- haha beat me to it_niko
- but seriously, I have no ideaGuyFawkes
- looks like an error. 1000ish XRP at $.80 per does not equal $21 million. sorry to saysarahfailin
- ^^^ 1st thing I would do is hire _niko as the party plannerGuyFawkes
- yeah it was a glitch, I didnt see XRP go up anywhere else after the factGuyFawkes
- you know whats funny is I posted this https://www.qbn.com/… 1st THEN started the 'try to cash in before it disappears' processGuyFawkes
- ^ it shows my love for you guys, but also that I'm an idiot.GuyFawkes
- lol I was thinking the same thing...if you only didn't waste precious time updating QBN, you'd be rich as Bezos!_niko
- and as official party planner, besides the island and girls and drugs, I'd give each member still on here a million bucks._niko
- That's only like $40 million, a good number of accounts here some whale trolls are HODLingGuyFawkes
- We should raise it to 5mil eachGuyFawkes
- Ha, I was thinking there were a 1000 of us, so yeah $1 billion / current active members_niko
- We should stock up on QBN usernames while registrations are still open, do some trolling and when registrations close, those accounts will be worth billionsGuyFawkes
- That's a huge gesture in these difficult times, thank you for financing for kerningman 202%!sted
- fuckforsted
- kerningman, nice!GuyFawkes
- chump changeutopian
- problem with data feed, you are not that rich.shapesalad
- https://twitter.com/… LOLshapesalad
- GuyFawkes0
Crypto Prices Go Haywire on Coinbase, CoinMarketCap.com
- <ignore that first link, that was part of the titleGuyFawkes
- shapesalad1
LOL, HAHA
- Nairn1
Tim O'Reilly on 'Web3.0'
- Hayzilla15
I tell you what I like most about Cryptocurrency!
It seems to have totally taken up all his spare time that graficiain used to use posting shitty gifs in every thread here. Keep it up my man. Crypto 4 Eva!
- This is why crypto is worth millions********
- kool story broneverscared
- This is why crypto is worth millions
