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I am 66 years old
And I need help
[email protected]
Send me more of this crypto information, I am lost and don’t understand?
Crypto is essentially a “greater fool” market for “wooden nickels.” People looking for a greater fool than themselves to buy their wooden nickels called BitCoin.
Imagine getting this pitch from a call center in India or Nigeria, North Korea or Russia or the UAE…
“Give me $10,000 (or whatever the current market price of a BitCoin is) and I’ll send you this shiny piece of metal with a BitCoin logo pressed on it (or credits in a complicated digital wallet scheme, 'cause shiny metal is sooo 20th century). Then, if you can convince someone else to buy your shiny piece of metal (or digital credits) for more than $10,000, you will become rich beyond your wildest dreams. It’s perfectly safe. This offer will expire in 5 minutes as the BitCoin market is shooting up like a rocket. You don’t want to miss out on becoming instantly rich. Can I count you in? Hurry!”
No work, no exchange for anything produced, not backed by anyone or anything legitimate, not good for anything other than naked speculation hoping that someone else will come along (a greater fool) and buy a BitCoin for more than the holder paid for it. Not even entertaining like sitting in front of a slot machine and gambling. 100% scam. Stay away.
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No need to send you anything. Just follow Casey and others like her.
Casey is a self-made Bitcoin/crypto millionaire who educates the public on Bitcoin, crypto and general finance.
She is also an outspoken advocate of our American Revolution and founding documents.
Educate yourself.
Crypto is stupid IMHO.
Bitcoin, which is not crypto, is blockchain technology, a ledger that is transparent and cannot be manipulated.
The US Dollar is one of the biggest scams, lies, treachery that has ever existed on the face of the earth.
Death to the Federal Reserve, the ultimate gangsters and destroyers of money.
Death to the dollar. But if we are to keep the dollar, it must be nationalized. Trump 1.0 attempted this, but failed. He may try again. We’ll see.
Trump attempted to emulate Andrew Jackson and his heroic battle against the notorious central bank charter, which Jackson WON!
Trump didn’t have a bust of this true American hero looking at him in the Oval Office for nothing.
“By Eternal God – I will route you out!” Andrew Jackson
We must have this resolve and this revolution. It must come.
Money is key to all affairs among men. We must never allow its corruption again.
We need emulate Jesus Christ and enter the temple with our bats and whips and drive out the money changers!
Extraordinarily stupid.
Indeed. Long ago, our government learned that it (actually, the Federal Reserve) could simply print dollars to pay for politically popular social programs, handouts, subsidies, bailouts COVID relief, bloated bureaucracies, and military adventurism in countries far, far away under a bogus assertion of “national security.” When does print money, it devalues the currency, which is a fancy phrase for inflation that makes everything real world people buy and sell more expensive.
“Vote for me! I’m a fiscal conservative. I’ll reduce your taxes to $0 and run the government you depend on on money borrowed from and printed by the Federal Reserve. I’ll keep you safe by sending $1 trillion printed dollars to the Ukraine (or Tawain or Israel, or the crisis de jure), the Pentagon and defense contractors.”
That makes crypto scams like BitCoin look good/legitimate by comparison.
Hear! Hear!
Except your last paragraph. Bitcoin is no scam. It’s simply a ledger. There is no way to scam it nor is there any way for it to scam.
But no worries. If you can’t find it in you to try some Bitcoin, there’s always gold, silver, platinum, paladium, etc.
“Give me $10,000 for a credit in a ledger. It’s not a scam. You can sell the credits you buy in the ledger to someone else and become rich! Don’t miss out! This offer will change without notice. It’s perfectly legitimate and safe. Look at these celebrities and politicians who have “invested” in the ledger.”
In my world, that’s a scam. Stealing.
Bitcoin is not “credit”.
And for me, personally, it’s not even an investment. It’s just sound money, a method of transfering wealth.
You own it. You control it. No one else. No interference.
Just as no one should buy gold nor silver without taking delivery, nor should one buy Bitcoin without taking delivery and it should be kept safe, protected by your hard wallet and passwords.
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By that logic, wouldnt that make the whole stock market a scam?
Personally im just using it as stock investments on new crypto options, if i can get in early… if any happen to hit like bitcoin did, great. If not, i only lose lil bit i put in to begin with…
Stock Market is not a scam in itself, though people do scam the Stock Market, insider trading, etc. It’s speculation. Futures.
You can’t scam Bitcoin.
When individuals purchase a share of stock, those shares represent actual ownership interests in the company, to include rights to elect management and receive assets in the event of dissolution, as well as the promise of the company to pay dividends to shareholders. In traditional finance, the price of a stock is the expected present value of the stream of future dividends. That’s driven by investors’ expectations about the company’s economic future and ability to return invested capital.
In contrast, Bitcoin and other cryptocurrencies are simply entries in a ledger maintained somewhere by someone in cyberspace. If the ledger disappears, or the mysterious managers (or non-managers) of the Bitcoin ledger disappear, owners’ interests go “poof” like the “get-rich-quick” economic illusion they are.
Welcome to the community! All this crypto stuff sounds like playing Monopoly. Sounds like it be best to use Monopoly money and not real US currency. 
Right. Like I said, Futures. It’s all speculation. Fantasy.
Cruptocurrency is no ledger. None of them are. Only Bitcoin is that.
When I buy Bitcoin, it’s the same as digging a chunk of silver out of the ground. It’s there for the taking. I own it. It’s mine. No managers can screw me out of it. I don’t need vote for anybody. No need for representation.
I. Me. Mine.
The only thing speculative about Bitcoin is gambling on whether or not we will have electricity in the future.
Bitcoin is perfect money.
But you can keep going with your American dollars (which are not American and are not dollars) if you like. Today it’s worth about three cents.
My Bitcoin? Today its worth BTC105,959.00
“Got one glad hand and the other behind – you can have yours – just gimme mine.”
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You own nothing except a ledger entry with your name next to it and your own belief that a greater fool will come along and buy your ledger entry for more than you paid for it. It ain’t like digging silver out of the ground, because with real mining you can hold the product in your hand and maybe make something out of it.
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Double speak much?
It is an astounding way to laundry money … Crooks love this …
Not sure what to think about this
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That’s our president!
Full o’ surprises!
