Green energy is going to be amazing for crypto, the linch pin in crypto (power consumption) would could NEVER be in jeopordy. A tyrannical government would NEVER disconnect your home power, or your mining rig, or your ability to trade on the Pleb platform. Crypto is a rock, a digital rock, no glitches, k?
The entire market is gonna tank harder than 2008 just so they can pull even on gme Either way we are fucked so you better hold them fucking gme and amc stocks until youre dead and then give them to your youngest child
We are still at the stage that most people don't understand bitcoin even though people are buying it.
This is not a pump post , I believe it is full on crashing right now and I'm not buying it right now.
I'm not criticizing , it takes a while for it to sink in and you have to learn to ignore all the BS.
People talk about it not being backed by anything and even say it is "fiat" and this a nonsense line of thinking.
"fiat" means that an authority declares it has value and so you must use it. This is what national currencies and "legal tender" mean. The dollar has value because the government says it must be accepted in commerce and it must be used to pay taxes. That's it. Anything else is not "fiat".
it doesn't have to be "backed" by anything. The U.S. dollar has not been backed by anything since the 1970's. However it is fiat and you use it anyway.
Bitcoin is not fiat and not backed by anything and it doesn't matter. Those things are not necessary , only people are used to those concepts. Bitcoin is a new asset class.
to have value It needs:
limited supply or at least a predictable level of inflation
fungible. One unit is one unit , nobody cares which one they have they are all the same
liquidity. easily transferred and there is always sombody somwhere willing to trade for it at some value.
at least somebody somewhere who has other forms fo weatlh wants it for some reason. Billionaires , corporations , drug lords , whatever it doesn't matter.
Its not tulips , its not beanie babies , its not magic beans that don't exist. Its a real thing and it meets the criteria I listed.
The crypto market ALWAYS goes back up. Ive bag held shitcoins in my portfolio that I had lost complete faith in.. watching them lose over 70% of my orginal investment into the coin, only to see it x10 or x15 my orginal investment in this bull run. This happens all the time in the crypto market. You have to develop a tolerance for days like these or you will never make it. My portfolio is down big right now, i feel nothing.. Holding has been a full proof method of profiting for years. The richest man in the world just invested 1.5 billion and the dollar has never been weaker in all of history. The market WILL recover. It might be tomorrow, it might be next month. Hell, it might be 2 years from now, but when it does, it recovers and then some.
HODL BITCHES
Buy the dip
