Fuelled by hype and hysteria, the market in bitcoin and other cryptocurrencies went from an obscure niche to a $3tn industry. Then the house of cards collapsed
Exactly why I’m not crying. I had some money invested in crypto (long story lmao) and yeah, crypto died along with my wallet value. But I still own the coins, just waiting until rebounds and then I’m leaving this sinking ship lol
ATA and DOGE is what I have right now, btc and eth are too stable for what I was doing. It worked well for a few months until the crash at the beginning of the year of course.
Same lol. I made a bit swapping eth for stab. Lost that or more in this crash.
I lost more in something else that’s kinda embarrassing but hope I’ll get that back too.
Some people still think BTC and other cryptos will continue to be valuable assets… Which is believable in a way because I think USD is going to become a crap currency and I like how if I buy some BTC or monero or something you actually own it as you own the keys.
Some corporation or the feds can’t just siphon it from your bank for whatever stupid reason they think of or they can’t raid your home and confiscate it as easily like they are doing to people increasingly for whatever stupid political reasons.
Not to mention the western financial system is just abhorrent. The libertarians rebel against it because they see it impedes their ability to own property. Which is true because none of us really have that and the privilege actually owning the means of production will give us in a socialist society.
For those reasons I have been a crypto advocate. Crypto let’s us undermine the financial system and it let’s us control our transactions without the knowledge or consent of the capitalists.
And it had been a convenient way for me to make some money but seeing crypto advance I think some of those speculative elements need to be disabled.
Exactly why I’m not crying. I had some money invested in crypto (long story lmao) and yeah, crypto died along with my wallet value. But I still own the coins, just waiting until rebounds and then I’m leaving this sinking ship lol
Are you mostly on Bitcoin and Ethereum or are you heavy on altcoins?
ATA and DOGE is what I have right now, btc and eth are too stable for what I was doing. It worked well for a few months until the crash at the beginning of the year of course.
Same lol. I made a bit swapping eth for stab. Lost that or more in this crash.
I lost more in something else that’s kinda embarrassing but hope I’ll get that back too.
Some people still think BTC and other cryptos will continue to be valuable assets… Which is believable in a way because I think USD is going to become a crap currency and I like how if I buy some BTC or monero or something you actually own it as you own the keys.
Some corporation or the feds can’t just siphon it from your bank for whatever stupid reason they think of or they can’t raid your home and confiscate it as easily like they are doing to people increasingly for whatever stupid political reasons.
Not to mention the western financial system is just abhorrent. The libertarians rebel against it because they see it impedes their ability to own property. Which is true because none of us really have that and the privilege actually owning the means of production will give us in a socialist society.
For those reasons I have been a crypto advocate. Crypto let’s us undermine the financial system and it let’s us control our transactions without the knowledge or consent of the capitalists.
And it had been a convenient way for me to make some money but seeing crypto advance I think some of those speculative elements need to be disabled.