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Gizmodo: Crypto Platforms Are Halting Withdrawals as Bitcoin Tanks Over 13%
- Thread starter Teh_Lurv
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What kills me too is that all those transactions cost energy.
So people fighting it going down are using a shit ton of energy for fucking nothing
So people fighting it going down are using a shit ton of energy for fucking nothing
You are criticizing people for saying things about a people in bad situation.
Simultaneously, you are actively "buying the dip" to take advantage of people in a bad situation.
(Also if you keep buying into obvious scams then you finances might not stay healthy for much longer.)
Friend of mine invested a not-so-small amount into crypto and told me to do the same. I'm glad the worst I'll lose is $150 (extra money I had at the time). I do feel bad for the people who jumped in on a trend and are paying for it now.
But shaming people for just saying the obvious out loud while also simultaneously feeding into the problem isn't a really solid foundation of a counterpoint.
But shaming people for just saying the obvious out loud while also simultaneously feeding into the problem isn't a really solid foundation of a counterpoint.
Not really, the networks cannot process this many transactions at the speed necessary, so trading occurs off the blockchain on private networks.
I always enjoy the problems and issues of crypto being dealt with in ways that are often antithetical to the crypto crowd. Got crypto lying around? Stick it in a large distant centralized business. Technical issues? Deal with them off the block chain. It's a tech that often sucks at most of the stuff it's propped up as being great at.
Keeping 250k on a crypto exchange, given the hacks that have happened historically, is insanity.
They seriously don't know how fucking ridiculous they sound
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Well I can't exactly tell people not to celebrate the loss of poor people and then pretend I am anti-crypto.
I would be a liar if I pretended to be ant-crypto. At the same time I can feel sorry for people losing money.
It's the same with any investment. If you think stocks are cheap you might buy, but you don't make fun of people that lost money. If you thought houses were cheap in 2009 you could have bought and also refrained from mocking people that lost their houses.
Yeah, I decided to finally get out of my BTC. Took my lumps there, gonna put what's left into some index funds. Abiding by the "only invest what you can afford to lose" means its not a terrible hit, but this whole thing is a big yikes.
Agreed. I bought ETH. They are going POS in a few months.
I try to rack my brain to try and figure out what problem blockchain could actually maybe solve that isn't better done by existing systems, and the only thing I can think of is maybe car titles, and then only if the world consolidated into a one world government where everyone was made to use one system for car titles.
The faster this dies, the fewer poor people in the future can get scammed into losing their money. I'm sorry to say, but most of these people effectively lost their money a long time ago. This was always where this was headed, and the longer it went on the more people were going to get hurt
I think 10K is probably the next big floor simply due to it being a round number, but that bit about Celsius liquidating at 13.6k above has got me asking questions.
Regardless, Tether still seems to be holding so I could see BTC bouncing back once all the smoke clears around Celsius (unless the smoke clearing brings down other institutions, which seems like a maybe rn)
Regardless, Tether still seems to be holding so I could see BTC bouncing back once all the smoke clears around Celsius (unless the smoke clearing brings down other institutions, which seems like a maybe rn)
But people like you pushing crypto like it's a normal sound investment opportunity are the reason so many poor people bought into crypto. So you should be admonishing yourself if anyone for your own irresponsible greedy behavior.
People need houses. Houses are a tangible thing. Techbro funny money is neither.
I seem to remember theres an energy usage tracker for crypto.
is there a live one showing the benefits to energy use this downturn brings anywhere?
is there a live one showing the benefits to energy use this downturn brings anywhere?
Yeah it's clearly part of the playbook.
Shilling and astroturfing has always been like that. The amount of times I've been told I'm a "piece of shit who hates the poor" (importantly: out of fucking nowhere) on forums for daring to be an environmentalist or caring about animals is too damn high. It's always the same.
No surprise the crpyto ponzi destroying the environment creates the same posts from people who are monetarily tied to it.
Once upon a time, I believed ETH was gonna move to proof of stake soon too. That was in 2017.
Why can't you do what others who responded me have done? They agreed with me on not mocking poor people and they opposed me on my pro crypto views? That's sounds more resonable.
BTW I do know crypto is full of scams. I am not denying it. I just think it's good tech and scams all mixed into one big basket and hopefully the scams will die away. This is good: https://www.indiatimes.com/technolo...ely-escape-to-poland-with-bitcoin-565222.html
And yes BTC is bad for the environment and deserves to die. Other better things will come to replace it.
First time I ever bought crypto was when Paypal was offering a 1:1 return $25 credit, so I thought why not and grabbed a free $25 in Etherium. Within weeks it crashed and lost half its value, which I've watched sit at around $12-14 since.
Checking in again today, it's worth.. less than $4. Yikes.
Checking in again today, it's worth.. less than $4. Yikes.
These "poor people" are losing money precisely because you aren't anti-crypto. Too many supporting a Ponzi scheme that is burning the planet, so that you can try and make a few bucks at the expense of the vulnerable is why so many vulnerable individuals are suffering misery. You are complicit in it, and are still actively promoting it and piling on the misery by proudly boating about "buying the dip".
Crypto never has been and never will be an investment asset. Gambling or a Ponzi scheme are accurate descriptions, a legitimate investment asset class is not. Anyone promoting it as a legitimate "investment" as you continue to do is complicit in the exploitation.
Oh come on now, after half a decade of promising proof of stake is coming "in a few months" what makes you believe this is finally going to happen just at the moment the entire crypto market implodes?
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250k life savings.. on cryptocurrency. Such a hard lesson to learn
I know this might sound unlikely but I actually got into crypto some years ago with the intention of giving most of the gains away to good causes. I don't believe in buying expensive cars etc. In fact I consider it immoral.
It's been over a decade and it's just scam after scam after scam. When exactly are these better things supposed to show up?
I don't know why these lot try to ignore this. They shill for a ponzi scheme that both prays on and creates victims. Anyone involved in crypto is propping up and helping this shit regardless of other motivations.
It isn't "full of scams", it's always been a complete ponzi scheme built so that the poor holds the bag. It always will be. It is unethical to make a profit off of crypto, as well as completely hypocritical if you actually care about the poor who will holding the bag after you profit.
I believe this is bingo
Immoral to buy fancy cars but not invest in crypto and try to trick others into following you?
My dude.
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