Bitcoin is taking a dump with all the other shtcoins

40k

Tokens held in $2.4MM in stablecoin and returns converted to fiat monthly. Best month this year was $120K worse month was $50k, 75% of it converted to stable for compound returns. With the fiat I've pulled this year alone, I never have to work again. Even if my stables go down to $5k per month I never have to work again XD

The stablecoins are a fraud.

Buttcoin wrote:

The stablecoins are a fraud.

Sure, they might be, but as of right now they push money into my bank account like its monopoly money so I don't really care what happens to them 5 years from now.

brien evans wrote:

Cryptoguy.... wrote:

Bitcoin has no real utility- you are right. To me as a huge crypto investor, who's made dozens of thousands just in the last 6 months alone, it is a poor crypto representative. But besides Bitcoin and meme coins (Doge, Shiba Inu, etc..), crypto has lots of utility. For example:

"Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.

"The Polkadot protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain (explained further down)."

Everything you just said is straight gobbledygook.

Let me translate for you.

What he meant was I have DOT and I want more people to buy it so it goes up and I make money.

Anyone skeptical of shoving these shtcoins up the butt is just jealous because they missed the boat! HFBP!

PS - I'm a moron!

I think below 40k soon and then others sell for fiat monies too

Depends if the whales want to do some shady stuff but they can’t stop it that much if people want their fiat

Fiat is king

15_50 wrote:

Let me translate for you.

What he meant was I have DOT and I want more people to buy it so it goes up and I make money.

I wrote the post on DOT. I sold at $51 a while ago and opened up positions in the Metaverse. These new positions included GODS, CGG, AURY, CHICKS, FINA, CWAR, PYR, GALA. In DeFi, I have TLOS, XTZ, MATIC. In Web 3.0, I have FLUX, DPR.

People were stating Crypto has no utility- so I debunked & used DOT as an example. Then you deflected again to avoid shame of being proven wrong. But you were proven wrong.

Crypto does not have utility except for scammers and manipulators running casino games like it’s pre 1929.

Web 3 is total marketing bullsht. Everyone in the tech field who is a programmer makes fun of it except for people on the marketing side of things

I look forward to the 3 to 4 rate hikes! crypto bros and r/poor Rekt!!!!

Unit of account? No

Means of payment? No

Scalable? No

Inflation hedge? No

Store of value? No

Worthless Turds 💩 yes!!! 🙌

I've been tempted to buy in because of the crazy returns but every time I was tempted to buy the price would fall 10 percent or more and I'd ask myself what are the fundamentals that warrant buying in.

Is there growing adoption of the currency by businesses? No place that I shop online or offline accepts crypto.

Is it a reliable store of value? How can it be when the price swings by several percentage points in a day.

If Amazon stock were to fall 50 percent I may still want to hold the stock because millions of people continue to use the company's services daily.

With crypto the only 'utility' is the upward price movement. Once that stops I can't think of one reason to buy in even with a nominal amount of money.

cryptokitty wrote:

Crypto does not have utility except for scammers and manipulators...

The last few YEARS, you invest in crypto & leave the money in- you make multiples- usually w/i a year. Bitcoin is actually the worse- yet still up 50% the last 12 months. 2nd biggest coin Ethereum up 4-5X last 12 months. Solana up 100X last 12 months. Cardano up dozens of multiples.

Lol appreciation is not how most people in crypto make money. It's through DeFi. 100% of the $1.2MM I made in 2021 was from DeFi.

yargl wrote:

Lol appreciation is not how most people in crypto make money. It's through DeFi. 100% of the $1.2MM I made in 2021 was from DeFi.

I hear ya. Yesterday? I bought a scratch off ticket and won $20. Good times....

DeFi, SkiFi, SlimShadyFi.....its all snake oil. Complete and utter BS.

As others have stated in this thread, and explained, crpyto in all forms is a without a doubt a scam.

The moral of the story is that crypto will not be allowed to take over fiat. Never going to happen.

In other words wrote:

yargl wrote:

Lol appreciation is not how most people in crypto make money. It's through DeFi. 100% of the $1.2MM I made in 2021 was from DeFi.

I hear ya. Yesterday? I bought a scratch off ticket and won $20. Good times....

DeFi, SkiFi, SlimShadyFi.....its all snake oil. Complete and utter BS.

As others have stated in this thread, and explained, crpyto in all forms is a without a doubt a scam.

The moral of the story is that crypto will not be allowed to take over fiat. Never going to happen.

Difference between DeFi and snake oil is my paid off house and vacations and compounding gains that have not slowed down at all. Even if this is gone in 6 months you would be stupid not to take advantage of it now

yargl wrote:

In other words wrote:

I hear ya. Yesterday? I bought a scratch off ticket and won $20. Good times....

DeFi, SkiFi, SlimShadyFi.....its all snake oil. Complete and utter BS.

As others have stated in this thread, and explained, crpyto in all forms is a without a doubt a scam.

The moral of the story is that crypto will not be allowed to take over fiat. Never going to happen.

Difference between DeFi and snake oil is my paid off house and vacations and compounding gains that have not slowed down at all. Even if this is gone in 6 months you would be stupid not to take advantage of it now

No offense, but you 100% sound like an Amway sales person.

"Of the IBOs who received a payment from Amway in one or more months here is what they annually earned before expenses: The Top 1% earned $83,032 (average) and $50,363 (median) The Top 10% earned $13,734 (average) and $4,402 (median) The Top 50% earned $3,149 (average) and $472 (median)"

)%20and%20%24472%20(median)

No offense taken, it doesn't affect me at all if y'all decide to listen. I never have to work again and just spend my time doing what I want to now. Which of course includes trolling in letsrun.

yargl wrote:

No offense taken, it doesn't affect me at all if y'all decide to listen. I never have to work again and just spend my time doing what I want to now. Which of course includes trolling in letsrun.

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

brien evans wrote:

yargl wrote:

No offense taken, it doesn't affect me at all if y'all decide to listen. I never have to work again and just spend my time doing what I want to now. Which of course includes trolling in letsrun.

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