I told my friends years ago to buy into it. But they kept buying into the whole, "It's to dangerous, its not a real investment" BS and said I'm an idiot for even bothering with it. So far I've made about 250% return on my investment.
I mean at the end of the day the entire stock market could just be viewed as a casino because there’s no guaranteed returns, but I’m not going to go out and tell someone to not contribute to their 401k and I’m not going to tell them scratch off tickets are a viable retirement investment. This is such an idiotic statement. I’m sorry you lost your opportunity to make easy money
Well I’m glad I was able to speculate properly enough to pay off the remainder of my mortgage with an arbitrary commodity I bought as a joke 12 years ago
Genuine question, what was the speculation? The only thing I can think of is you got a vibe that everyone was going to buy this particular crypto in general?
Really none I just stumbled on it. My friend just asked me “hey you heard of bitcoin?” And we talked about it, I did a little research into it and people were talking it up as this new form of currency so I figured I’d just give it a shot. It was never a serious investment or anything but it kept going up so I figured I’d see where it went. I got to a point where I was realistically able to take it out, pay all the fees to get it transferred, taxes all that since my bank doesn’t accept bitcoin (however some do in the US) and still be able to pay off my house so I did it. I still have some BTC left but I just keep in my portfolio for if I ever need a large amount of money again for a down payment or something
I still have a screenshot from 2013 from a forum where someone had posted that Bitcoin had just reached $500 and you'll be missing out if you don't jump in. I was the first reply saying "This shit is still going?"
Gee, isn't it funny how many people have their accounts hacked right as they attempt to cash out on this nonsense?
It's almost as if the numbers on the screen aren't real, and you can't actually spend the money that you're being told that you have.
It's almost as if a lack of security and regulations essentially ensures that people who invest into the scam, will never actually be able to profit from it, except for the people who advertise it.
Bitcoin is a tool created by the Government to, desensitize people to give up real money and rely on worthless numbers on a screen, to give ((them)) total control over the population.
The Hash Algorithm used by Bitcoin is called SHA256 and was created by the NSA.
The "elites" tried to create their own, and failed upwards as they always do.
I'm referring to Paypal, which was originally intended "to create a new internet currency to replace the U.S. dollar". While the original planed failed, they managed to find a niche in the internet transaction world that weathered the 2001 internet bubble crash because of course it fucking did.
So instead, they just took someone's actual brilliant idea, and turned it into a honeypot for dumbasses, while still profiting immensely from their failed idea. Billionaires are why we can't have nice things.
Doesn't the fact that it's peer to peer rather than dedicated servers means it can't be controlled, but only manipulated? That's been the whole argument in my heard towards it
Ya, but enough manipulation, and it starts to look like control. There's a reason "insider trading" and "market manipulation" on the stock market are crimes (or at least, they used to be). Turns out, when you have dragon-hording levels of wealth, making the markets bend to your will for your own personal gain is a lot easier.
They might manipulating crypto to make huge profits, or they might actually be that fucking stupid and/or delusional. Either way, it makes for a very unstable and unpredictable investment.
I'm actually a big fan of Cryptocurrencies, it's just the grifters with obscene amounts of wealth ruined a lot of them, and dumbasses who buy it as an "investment", rather than actually using it to buy things.
Nalyd87@reddit
Who cares everything is fucking stupid and everything sucks.
Ok_Buddy_Ghost@reddit
"I didn't even want it anyway" energy
CFO-Charles@reddit
I told my friends years ago to buy into it. But they kept buying into the whole, "It's to dangerous, its not a real investment" BS and said I'm an idiot for even bothering with it. So far I've made about 250% return on my investment.
nullv@reddit
That's great for you, but your advice at the time was about as helpful as telling them to buy a lotto ticket.
Cupakov@reddit
With Bitcoin that hasn’t been true since like 2015
StirFry__InaWok@reddit
No it's not. Why do I keep seeing you posting these dumbass comments lmao
Humblesterman@reddit
Turn your screen on mate, it helps with not looking at your reflection.
StirFry__InaWok@reddit
Leave it to a redditor to think of the dorkiest way possible to say "no u"
ConductorBeluga@reddit
Leave it to a redditor to find the most boring way to say "Nuh uh" without any further elaboration
tacobellbandit@reddit
I mean at the end of the day the entire stock market could just be viewed as a casino because there’s no guaranteed returns, but I’m not going to go out and tell someone to not contribute to their 401k and I’m not going to tell them scratch off tickets are a viable retirement investment. This is such an idiotic statement. I’m sorry you lost your opportunity to make easy money
DoctorHoneywell@reddit
There's a big difference behind buying a stake in a profitable business and buying a commodity whose value is completely arbitrary and speculative.
tacobellbandit@reddit
Well I’m glad I was able to speculate properly enough to pay off the remainder of my mortgage with an arbitrary commodity I bought as a joke 12 years ago
PikaPikaMoFo69@reddit
Genuine question, what was the speculation? The only thing I can think of is you got a vibe that everyone was going to buy this particular crypto in general?
tacobellbandit@reddit
Really none I just stumbled on it. My friend just asked me “hey you heard of bitcoin?” And we talked about it, I did a little research into it and people were talking it up as this new form of currency so I figured I’d just give it a shot. It was never a serious investment or anything but it kept going up so I figured I’d see where it went. I got to a point where I was realistically able to take it out, pay all the fees to get it transferred, taxes all that since my bank doesn’t accept bitcoin (however some do in the US) and still be able to pay off my house so I did it. I still have some BTC left but I just keep in my portfolio for if I ever need a large amount of money again for a down payment or something
DoctorHoneywell@reddit
https://en.wikipedia.org/wiki/Category:Lottery_winners
AlphaMassDeBeta@reddit
Buying a house in Hungary is not the challenge it is in western Europe.
PrrrromotionGiven1@reddit
Especially with their population being in consistent decline since 1980.
Nasapigs@reddit
I can hear this guy just salivating at the casus belli for importing millions of Africans
Demonweed@reddit
You must be one of those snobs who wants indoor plumbing or a direct power line.
AlphaMassDeBeta@reddit
Huh? No, I cant afford that on the count on the count of leasing a Mercedes GLS.
Typical eastern european.
StormyTiger2008@reddit
So confidently wrong, im a Hungarian and i can say that buying a house with our wages and currency are still impossible
Vospader998@reddit
Imagine fucking Dogecoin being more stable than your country's own currency.
hfFvx4G6xU4ZEgzhSM9g@reddit
I still have a screenshot from 2013 from a forum where someone had posted that Bitcoin had just reached $500 and you'll be missing out if you don't jump in. I was the first reply saying "This shit is still going?"
I wonder where that dude is now...
Zeus1131@reddit
Probably on a yacht getting mad bitches
Tasky_420_69@reddit
Gee, isn't it funny how many people have their accounts hacked right as they attempt to cash out on this nonsense?
It's almost as if the numbers on the screen aren't real, and you can't actually spend the money that you're being told that you have.
It's almost as if a lack of security and regulations essentially ensures that people who invest into the scam, will never actually be able to profit from it, except for the people who advertise it.
I_Am_Sharticus_@reddit
Joke's on everyone, I can just drop dead and nobody gets to benefit from me except for the worms.
Vospader998@reddit
Viktor Orbán? Is that you?
Jawn_Wilkes_Booth@reddit
Homie is now the richest man in Hungary. He has fifty six bucks!
Vospader998@reddit
Whoa, USD? That's like, 20,000 forint.
Bigger number is better, just don't think about PP.
Cheap-Fennel-7203@reddit
Bitcoin is a tool created by the Government to, desensitize people to give up real money and rely on worthless numbers on a screen, to give ((them)) total control over the population.
The Hash Algorithm used by Bitcoin is called SHA256 and was created by the NSA.
Mineralke@reddit
it may have been hijacked by the elites but it certainly wasn't created by them
Cheap-Fennel-7203@reddit
Only a fool would believe that the US government let’s a random Japanese create such a dangerous tool to the world economy just like that
yeFoh@reddit
writing code is forbidden. yes, quite.
Vospader998@reddit
The "elites" tried to create their own, and failed upwards as they always do.
I'm referring to Paypal, which was originally intended "to create a new internet currency to replace the U.S. dollar". While the original planed failed, they managed to find a niche in the internet transaction world that weathered the 2001 internet bubble crash because of course it fucking did.
So instead, they just took someone's actual brilliant idea, and turned it into a honeypot for dumbasses, while still profiting immensely from their failed idea. Billionaires are why we can't have nice things.
420DNR@reddit
Doesn't the fact that it's peer to peer rather than dedicated servers means it can't be controlled, but only manipulated? That's been the whole argument in my heard towards it
Vospader998@reddit
Ya, but enough manipulation, and it starts to look like control. There's a reason "insider trading" and "market manipulation" on the stock market are crimes (or at least, they used to be). Turns out, when you have dragon-hording levels of wealth, making the markets bend to your will for your own personal gain is a lot easier.
They might manipulating crypto to make huge profits, or they might actually be that fucking stupid and/or delusional. Either way, it makes for a very unstable and unpredictable investment.
I'm actually a big fan of Cryptocurrencies, it's just the grifters with obscene amounts of wealth ruined a lot of them, and dumbasses who buy it as an "investment", rather than actually using it to buy things.
xtrqw@reddit
Plot twist: Satoshi Nakamoto is just a hologram controlled by government pigeons. All part of the master plan.