Bitcoin is taking a dump with all the other shtcoins

Tether printer reactivates with at least 2 billion USDT, pumps up the price

Buttcoin wrote:

yargl wrote:

I guess so! Are they going to take away my house now? 🤣 The fomo in this thread is real

Why would anyone FOMO a fake asset that hasn't done sht the whole year?

Did you miss my previous posts? I'm saying I don't need appreciation at all because I make my money in defi. paid off my house and other debt, retired now and just more money flowing into my bank account from some yield farms. It could all crash to 0 and it doesn't even matter, it's making me money all day every day.

yargl wrote:

brien evans wrote:

I see you made it to page 2 of the Amway sales tactic book.

I guess so! Are they going to take away my house now? 🤣 The fomo in this thread is real

I believe you. Aside from Google, how can I get started on DeFi?

Buttcoin wrote:

Tether printer reactivates with at least 2 billion USDT, pumps up the price

Powell approved (TM)

"Tether induces all crypto demand" is galaxy brain take! Keep them coming!

Cryptocurrencies will come to a bad ending

Sh||tcoin Gambler wrote:

Cryptocurrencies will come to a bad ending

Ah, the good old limited brain power person, unable to think beyond grouping everything into a singular label.

ya..... wrote:

Did you miss my previous posts? I'm saying I don't need appreciation at all because I make my money in defi. paid off my house and other debt, retired now and just more money flowing into my bank account from some yield farms. It could all crash to 0 and it doesn't even matter, it's making me money all day every day.

ya....., I'm a huge crypto investor. Lots of Metaverse & DeFi. I've staked, but have not used yield farming- because I do not understand it. But good as all that??

Buttcoin wrote:

The stablecoins are a fraud.

Huge crypto guy. Admittedly, your name made me laugh. Bitcoin is not highly regarded in the crypto world, so may use it. :)

“As the global crypto market has exploded in value — tripling last year from $774 billion to $2.2 trillion, according to CoinMarketcap — it has drawn in a broader swath of the population. The 1 in 6 Americans who report they have invested in, traded or otherwise used cryptocurrency represents a surge from 2015, when only 1 percent reported involvement, according to Pew.

And today’s pool of investors is increasingly diverse. A poll over the summer by NORC at the University of Chicago found that 44 percent of those who bought or traded cryptocurrencies in the past year were non-White, 41 percent were women and 35 percent had annual household incomes of less than $60,000. The survey also found that the average participant was younger than 40 and did not have a college degree“

Jalapeno wrote:

https://www.washingtonpost.com/business/2022/01/12/crypto-versus-cash/

“As the global crypto market has exploded in value — tripling last year from $774 billion to $2.2 trillion, according to CoinMarketcap — it has drawn in a broader swath of the population. The 1 in 6 Americans who report they have invested in, traded or otherwise used cryptocurrency represents a surge from 2015, when only 1 percent reported involvement, according to Pew.

And today’s pool of investors is increasingly diverse. A poll over the summer by NORC at the University of Chicago found that 44 percent of those who bought or traded cryptocurrencies in the past year were non-White, 41 percent were women and 35 percent had annual household incomes of less than $60,000. The survey also found that the average participant was younger than 40 and did not have a college degree“

What a surprise.

"Report: Financially illiterate more likely to own crypto"

https://modernconsensus.com/cryptocurrencies/report-financially-illiterate-more-likely-to-own-crypto/

This clip is so sad. It can't be a good idea to recommend to already disadvantaged people a pyramid scheme that just depends on the idea that it's going to keep going higher and higher in value. I watched this clip of this woman pushing this stuff for social justice and just started laughing. I mean it's totally the opposite of that. It's true underrepresented minorities have been put in terrible positions in financial system with trouble getting mortgages, etc and are behind in generational wealth, etc. but crypto is not the answer-it's more of the same crap and the opposite in fact. Crypto is predatory on the those looking to buy a digital lottery ticket

https://twitter.com/YahooFinance/status/1480973134618673153

CryptoPunk #2338 wrote:

This clip is so sad. It can't be a good idea to recommend to already disadvantaged people a pyramid scheme that just depends on the idea that it's going to keep going higher and higher in value. I watched this clip of this woman pushing this stuff for social justice and just started laughing. I mean it's totally the opposite of that. It's true underrepresented minorities have been put in terrible positions in financial system with trouble getting mortgages, etc and are behind in generational wealth, etc. but crypto is not the answer-it's more of the same crap and the opposite in fact. Crypto is predatory on the those looking to buy a digital lottery ticket

https://twitter.com/YahooFinance/status/1480973134618673153

"the disadvantaged need to stay out of crypto so they stay disadvantaged"

Why is there so much overlap between r/poor and various cryptocurrencies and shtcoins and wallstreetbets etc?

https://subredditstats.com/subreddit-user-overlaps/poor

Jalapeno wrote:

https://www.washingtonpost.com/business/2022/01/12/crypto-versus-cash/

...today’s pool of (crypto) investors is increasingly diverse. ...44 percent of those who bought or traded cryptocurrencies in the past year were non-White, 41 percent were women and 35 percent had annual household incomes of less than $60,000...

And the current administration is trying to dictate (dictator) and regulate it like crazy. Crypto Developers say it is driving this sector's jobs overseas (link). Trump said he was never fond of crypto (why would he be if already a multi-billionaire, and Real Estate guy)- but never stood in the investors' way.

I got Rekt wrote:

BTC maximalist wrote:

BTW went another $70k long into another basket of cryptos yesterday. I put my $ where my mouth is.

You gettin’ Rekt by end of 2022?

Made $4k since then. I’m gonna get some vaporflys!!

ccrryypptt wrote:

Buttcoin wrote:

The stablecoins are a fraud.

Huge crypto guy. Admittedly, your name made me laugh. Bitcoin is not highly regarded in the crypto world, so may use it. :)

It's not?

ccrryypptt wrote:

Trump said he was never fond of crypto (why would he be if already a multi-billionaire, and Real Estate guy)- but never stood in the investors' way.

https://techcrunch.com/2021/08/06/crypto-biden-amendment-infrastructure-bill-proof-of-work/

I think Trump would today say he's more of a fan of crypto than when he made that comment a few years ago just because crypto is attractive to many of his voters (someone without much financially looking to grab a digital lottery ticket and to those without college degrees.)

NY Times: God, Family, and...Bitcoin MAG@ believers