I actually saw ppl on crypto subreddits that literally did this lol.
Discussion
Wasted hundreds of hours in 2021, explaining people online that yield on #Bitcoin is a scam. Not sure if it was worth it or not.
Most of them told me that I'm fine because I was early but they have to do something to catch up.
People are looking for shortcuts, trying to get rich quick. The majority of them will end up poorer just because of their greed.
Well to me if they were truly greedy they would simply be stacking sats.
They're greedy for fiat gains, not the real money, that #Bitcoin is.
It's frustrating to watch people fall into these traps and ignore the advice.
Bitcoin can be brutal in that it exploits people's greed and lures them in with the hope of getting rich. All we can do is encourage them to really learn more about why Bitcoin is important and more than just some "investment".
I’m guessing like 99% of ppl “invest” in crypto because they’re looking to make a profit from trading.
I've talked to people who are big into it and a lot of it comes out of fear of inflation and getting screwed over by the economic system. With how often the economy shits the bed and then our government uses our tax dollars to bail out everyone but the innocent average mad, it's an understandable fear.
Problem is that bitcoin is just as easy to jew over as anything else.
If there is an economic collapse, bitcoin isn’t going to help anyone.
How??
Because you can’t buy anything with bitcoin. The price of bitcoin would probably collapse with the rest of the market, it tends to follow the same trends.
I learned that the hard way when it was $69K
That's what retards like yourself told me few years about but mentioned $1k instead of $69k. You were looking to get rich quick. #Bitcoin isn't about that.
Can't buy anything? That's a straight lie and you know it.
Collapse where? The number of coins will stay the same. To collapse fiat, the printer will have to go like crazy. Read about Weimar Republic of Zimbabwe and come back to this.
Just like the shitcoiners these nocoiners will have to learn their own lesson the hard way.
Bitrefill go check out! You can literally buy anything you want with bitcoin
This is a problem, but zaps may well change that. It’s looking good.
There are a lot of issues with lightning, but I guess we’ll see what happens.
You're an expert on Lightning now?
There are also a lot of issues with the current financial system, but I guess we’ll see what happens.
It’s just a fact. Most ppl here using and shilling a custodial wallet is a perfect example of that.
Sure, now 'most ppl here' is the lots of issues that lightning has. I wasn't expecting any less retarded reply than this, lol.
This reminds me why I've blocked you on my other devices.
Blocking ppl that disagree with you is cringe beta behaviour, but I can see why you’d take the L.
Crypto? Yes, probably.
Bitcoin? It depends on the timing. Every time the price of Bitcoin explodes, we can see the number of active entities explode as well, suggesting new enrants into the space which are likely retail investors. After the big crash, the active entities decreases but stabilizes higher than past cycles.
Based on the data, there has been little or no increase in retail investors since mid-2021. The entities active right now are long-term holders. If they are interested only in fiat gains, they're at least long-term investors.
Well, nobody is buying bitcoin to use as a currency. There are probably quite a few ppl that buy it because they “believe” in it.
I sure hope so! It takes a special kind of pyschopath to hold something they don't believe in during 80‰-90‰ drawdowns 🤣
Well, I'm buying #Bitcoin to use as a currency. Well, not buying as such, exchanging my fiat for it. Like you do exchange dollars/euros when traveling abroad.
Somebody mentioned The Sovereign Individual book today. Have you ever read it?
Bitcoin has the most ignorant critics at least read a fuckin book man. Its like the people that hated on the idea of the internet in the 90s without ever using it
How am I ignorant?
They always do this. They can’t give you any actual reason out of their own mouth, they just insult you. Hallmark of a low IQ.
Few understand.
Saying that NOBODY uses #Bitcoin while you know that isn't true. Ignorant or retarded. Possibly both.
That's why they're not Bitcoiners but shitcoiners. They have no idea what #Bitcoin is and are looking for an exit strategy. The thing is, Bitcoin is my exit strategy. It's the exit strategy for majority of true Bitcoiners.
That's why I told you many times before, don't mix crypto & Bitcoin. Two different assets, two different types of people.
Dude. I did.
Got in in 2016 for a 12 month swing trade. Made some bank.
Then witnessed Bitcoin 10x where I sold my position.
Didn't even consider learning about bitcoin until two years later. I'm probably coming up on my 10,000hrs of education now.
At least we finally agree on something.
We agree on crypto, outside of #Bitcoin is a scam. Just a money grab, no matter if a shitcoin exchange or a token. Even the tokens, built on Bitcoin like stacks.
Every single shitcoin casino like Coinbase, Binance or Gemini is just trying to get as much money from the newbs as possible. Tempting them with shitty tokens, yield, games, staking, etc. "Just keep all your money with us because it's easy and we're sort of like a bank" kind of lies.
CZ advocates against self-custody. Alex Mashinky did say the same thing. Guess what, Celsius collapsed and bankrupt.
Satoshi introduced Bitcoin as a tool where we don't need trusted third parties, exchanges are trying to reinvent banks. We hate them with passion. We cheer for their collapse.
If you find a Bitcoiner, telling you that this or that exchange is save to keep your funds, he's a shitcoiner and has no idea what Bitcoin is about.