Comment on Srsly, don't invest in fads you don't understand

masterofballs@wolfballs.com ⁨2⁩ ⁨years⁩ ago

• masterofballs@wolfballs.com ⁨2⁩ ⁨years⁩ ago

  I was told

  buy the dip faggot

  Trying

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  • iamtanmay@wolfballs.com ⁨2⁩ ⁨years⁩ ago

    You did the right thing. People offloading BTC at huge discount because they need cash. Good for you !

    Elon was right about investing in things you believe in, not some nonsense fads

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    • Scruffy_Nerfherder@wolfballs.com ⁨2⁩ ⁨years⁩ ago

      Imaginary internet currency is more believable than government fiat currency.

      All currencies are losing value, this is on purpose.

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• iamtanmay@wolfballs.com ⁨2⁩ ⁨years⁩ ago

  I don't understand why people think its stable like Gold, and don't treat it like a stock that can go up or down suddenly. The usefulness of Bitcoin is its ecosystem of trading without Big banks, govt etc. It wasn't designed to replace Gold

  Current dip in Bitcoin is same as rest of stock market. People need cash due to inflation, so they sell. Doesn't reflect a change in Bitcoin's usefulness

  My cousin, the smartest guy in our family - worked for different FAANG and is doing an MBA - bet all his money on some pump and dump crypto scam and lost it. Smart people can be very stupid

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  • masterofballs@wolfballs.com ⁨2⁩ ⁨years⁩ ago

    Yeah monero seems like a better currency I just don't know where to buy it. I need to start mining it.

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