There are people that no matter what will horde crypto and never part with it. If they bought it at $20,000 and it went up to $60,00 not too long ago. I ask why not take your gains and let the next ***** believe they are going to get rich holding it forever take the money and run before people loose all interest, They are like **** no I'm holding it until it gets to $100,000,
Why is that different from people holding onto anything?
Yes, they will, and yes, you will.
Nicely stated
my stocks pay dividends and make me a sready income. My 3 properties also bring me income. When I bought crypto it paid me a steady income it just sat in some digital wallet. I sold it all back in January for a healthy profit with all my stock options because I could see what was coming from a mile away. when the dust settles I will be buying more property with my crypto gains. To anyone that bet everything on crypto, I have no sympathy when the general public losses all interest and the media stops talking about it. That is when it will be a zero-sum game. The dreams of Lambos and pool parties are coming to a end for a lot of kids that went all-in
So you agree with me... there is no difference... thanks
No, they won't. El Salvador does not have the population, nor natural resources to create the kind of wealth you suggested earlier. I'm not saying they can not become a economically strong nation, but they will never be "one of the richest countries by 2030", or any other time point. And then there is....
...this. No nation in history has ever gained economic power and wealth by hording that wealth. Only by distributed wealth can a national economy flourish. History has taught us this lesson time and again.
That would be a mistake, one I hope our leaders wisely choose to avoid.
Care to give some evidence or at least a valid reason?
Interesting points.
If you think a stable currency rises and falls that much in such a short time, if so I want to sell you a bridge in NY.
Since when did I say it was a stable currency?
Where you say "El Salvador is a 3rd world country who had no stable currency before adopting Bitcoin." That statement means you are stating Bitcoin is stable currency.Since when did I say it was a stable currency?
However, it's also in its infancy... 50 years from now, let's revisit
no, it meant that El Salvador had no stable currency BEFORE they adopted Bitcoin as a currency... It does not mean Bitcoin is stable - just that their old currency wasn’t! Reading comprehension is key here...
I’d love to see your evidence...if I was in El Salvador, I’d be betting on bitcoin ahead of the colon (what they used before going to the US dollar in 2001)...
Everything starts out like that... the US dollar also fluctuated a heck of a lot in the early 19th century...
No, it isn't. It has already been banned in some places and heavily restricted in others. It's future is uncertain. Those facts do not qualify cryptocoin as "immutable" on any level or by any standard.
Only in El Salvador and other nations who's economy's can not cope with the effects of current events.
They cannot ban the use of Bitcoin. The only thing they can ban is cashing out into the fiat system, which increasingly will be becoming irrelevant.
A second and much worse 2008 is coming. This time it might not recover. The current financial system is broken and cannot function long-term. You don't have to believe it. You'll see it for yourself soon enough.
Yes, it can be banned. Every government on this world has the legal authority to ban cryptocoin entirely.
Maybe. I doubt it. The world economy is still hurting from the effects of the pandemic and those effects will take time to work out. However, those effects are not a severe as they were 14 years ago.
Needless fearmongering.
Meritless opinion, not supported by evidence.
You're right about that.
And someday we all might learn to fly as well...
They banned torrents. Torrents are still alive. They can bureaucratically ban it, but they cannot practically ban it nor enforce it.
The p(l)andemic accelerated the inevitable. NATO expansion is doing the same thing.
I guess the US Dollar losing over 96% of its value over the last century or so is not evidence.
And criminals will always crime. But we're debating semantics and pedantics.
There will always be criminals doing things against the law. However, no one who wants to operate legitimately will not participate.
No, why? Every form of currency on the planet has "lost" value in the last century. It's called inflation. Perhaps you didn't study that concept in school?
No, it isn't. Why? Because everyone, everywhere is experiencing the same problem.
No, it isn't. See above.
No, it isn't. That is evidence of another set of problems.
At this point, you are not arguing merit, you're arguing ego. I've better things to do with my time than to argue with someones ego.
Why do you think inflation is something acceptable? The invisible tax that rob everyone including the homeless but for who? It is a modernised slavery.
You mean except for dynastic China (#1 world superpower for nearly ten centuries), Medieval France, modern-day Saudi Arabia, or countless other examples?
Labeling users of a new technology as criminals is a much larger problem, because it opens the door to tyranny.
Don't be condescending. I know exactly what inflation is and how it works. And how it actually works, and that, they don't teach anyone in school. Technically it is an invisible tax on the population.
So... Because everyone everywhere is experiencing the same problem, it is not actually a problem? You're hilarious.
Says the one making comments about what I did or did not learn in school...
Your opinion is not based in reality. Do you work for Klaus Schwab?
Thank You for proving my point.
I think you misunderstand what inflation is.
