Is now the right time to sell off everything and buy Bitcoin?

Seth Green Tweeting about his Ape NFTs being stolen is hilarious to me.

me too

undo wrote:https://inthesetimes.com/article/the-ticking-bomb-of-crypto-fascism

what is this doomer shit lol. there have been several BIG crashes since bitcoins inception such as 2013, 2017 and now. not to mention the infinite shitcoins that have gone -99% in a day. crypto "fascists" didnt emerge then and i cant imagine theyll pop up now.

the main thing people who lose money get upset with is crypto itself. the shills, venture capitalists, exchanges etc. awful article

also the stock market is about as big of a ponzi as crypto is. your shares dont entitle you to shit unless youre one of the berkshire hathaway or citadels of the world. most of these shits dont even pay dividends anymore. its all just a bet on the number going up.

Madrox Reloaded wrote:also the stock market is about as big of a ponzi as crypto is. your shares dont entitle you to shit unless youre one of the berkshire hathaway or citadels of the world. most of these shits dont even pay dividends anymore. its all just a bet on the number going up.

I mean, this is half wrong and exaggerated but you know that.

Your shares do technically entitle you to shit which is why you have to add the caveat of "unless you're..." which are people who have acquired enough shares to have a sizable voting voice. Also, many companies do still provide dividends, just not the ones that everyone on the internet talks about. 1/3 of the companies in my portfolio pay dividends between 3.5% and 9%. Companies that are doing well and don't pay dividends are typically buying back shares with that money instead, which is a smart tactic from a tax savings point of view.

That's kinda always been the point.

I'm all (read: a lot) about making money, people who rode this coin/nft/web3 horseshit to wealth are cool cause I wimped out trying to ride those waves. But I'm also kinda glad real life is kicking in again and people are having a harder time rationalizing buying or holding this stuff. The ease of creating these types of assets kinda points to their intrinsic worthlessness to me. The dollar and most global currencies are not tied to gold or whatever and are worthless too yeah I know that argument but what those assets have is the value of time, recognition, markets of exchange, and governmental blockades of competitors.

I purchased a DD coffee this morning using a $1 bill and quarters. The quarter is still The Reigning King of coins.

Nick wrote:I purchased a DD coffee this morning using a $1 bill and quarters. The quarter is still The Reigning King of coins.

x-post with cities thread. SF doesn't have DD and I miss it. My favorite trash restaurant no sarcasm

Nick wrote:I purchased a DD coffee this morning using a $1 bill and quarters. The quarter is still The Reigning King of coins.

of course. the whole point of buying bitcoin or any crypto for that matter is to dump it on the next generation of ancap dumbasses for more usd.

Is this FTX thing bad for crypto? I think they sponsored the MLB umpire shirts, LOL.

Looks like FTX may have… struck out!

Nick wrote:Is this FTX thing bad for crypto? I think they sponsored the MLB umpire shirts, LOL.

Looks like FTX may have… struck out!  

Yeah it's basically lehman meets enron, but without the bail outs.