Would you or have you invest/invested in Cryptocurrency? Do you see it as a wise investment?

[thegreenyogi]

[abc3643]

No.

Remember this:

They keep saying that "The value of Bitcoin (or whatever cryptocurrency) is up to ____ dollars".
Do you know what that REALLY implies?
Dollars are the REAL currency that matters.
When they start saying "The value of the dollar is _____ Bitcoin (or whatever)", then that means that Bitcoin is the real currency.

Cryptocurrency is horseshit. It always was and it always will be.
You want to be clandestine with your spending? Use cash, the ORIGINAL cryptocurrency.

[Nik1hil]

Been in it since 2017, Never Regretted a Day, learned a lot, because of my passion.

At this Point, I am having an Affair with BITCOIN.

Even wrote a book!

[Nik1hil]

Thanks for MHO.

We heading to a future were Bitcoin and Arable land with be the only assets.. in society

[thegreenyogi]

You're very welcome!!

[abc3643]

@Nik1hil that's false because Bitcoin and all cryptocurrencies have no intrinsic value. Furthermore, they are unstable making them unreliable and, lastly, they are not crypto at all. They can be tracked and any government can come after people using Bitcoin to do anything questionable or illegal.

>>> If you put it on the web, it will always come back to you.
My boss in 2001 said to me "If you don't want it to appear on the cover of tomorrow's New York Times, don't upload it."
He was right.

[Nik1hil]

@abc3643 Memecoin and Shitcoins and Doge and Worthless, shit I agree on that.

Bitcoin has Intrinsic Value. To Make a Bitcoin you need your computer to solve a very Difficult Mathematically. Equation, Like your Ordinary Phone will take 10,000 years or you laptop 1000 Years.

Running your laptops for 1000 years will Cost you a lot of electricity, This cost will be Equal to AVERAGE MINING COST OF 1 BITCOIN , Also Termed as Floor Price of Bitcoin.

To save Time they Built mining Rigs which are as strong in hashrate and equal to 1 Million Laptops, Hence Capable of Mining a Bitcoin in a Day or Less... This saves them time, But it Cost electricity. Which is a Valuable resource, and it is Consistently being Fed and stockpiled in Form of BITCOINS.

Bitcoin = Electricity = The electricity that you pay "Electricity Bill" for, Saying Bitcoin has no Intrinsic Value is saying, "You are an Idiot who is Paying Electricity Bill.*

Now many of these Rigs combined around the Globe are rushing to Mine, the Bitcoin Algorithm adjusts itself every once in a while to Keep the Block Reward at ~10min.

Unstable Haha, There is a Joke in our crypto Community, It's says 1BITCOIN = 1BITCOIN.
The unstable price of Bitcoin is Due to Market Manipulation, Anything can be made a victim of that.
You are Straight up stupid if you are Belive that, stop looking at it's Market Price.. look at it's Mining cost. For example: If your Coffee is 5$ today and tomorrow the same place charges you 1 million $ for a cup of Coffe will you complain about coffee price fluctuations or you will understand the trust that your coffee place is overvaluing the coffee.
Instead you will go get 1$ Coffee pouch 2$ milk and make your own coffee for 3$ Cost.. COST AND PRICE Are 2 Different Things.. Bitcoin Reached 60k in 2021 when it's AVERAGE MINING COST never crossed 30k Dollars

[Nik1hil]

@abc3643 Now it's Mining Cost reached 60k this Year in 2024 ..

Governments cannot track The Bitcoin Ledger, The Stupid people that Government gets are either using Centralized Exchanges those exchanges can track your IP address etc. Or use a Hardware to Store their wallets, when SATOSHI designed it for people to Memorise the 12 word Seed phrase. If you are Running a Full Node of Bitcoin yourself which isn't expensive, You cannot be tracked or persecuted.. To transfer BITCOIN you can even Transfer Bitcoins Using a Simple RADIO you don't even need Internet..

You really have No idea or understand the Technology.. READ my BOOK then we can have a proper Argument

[abc3643]

Governments such as the United States can do pretty much anything. Trust me on this. I worked in a government defense think tank several years before you were born and they have armies of PhDs who dream up stuff that you not only can't imagine, but that they do not release to the public.
If you think Bitcoin is safe, think again. (*)
If you think an Apple iPhone is safe, think again. (**)
Remember: The United States Defense Department created the Internet in 1969.

(*) The United States Federal Government may be the largest Bitcoin holder in the world. It now has about $12 Billion worth of seized Bitcoin from illegal activity. Seized because they can track it down any Bitcoin anywhere if they want to get at it.
(**) en.wikipedia.org/.../Apple%E2%80%93FBI_encryption_dispute

They can pretty much do anything they want.
>>> You never want to piss off the US Federal Government. They are pretty easygoing, but if you fuck around and they decide to come after you, you better make sure your life insurance is paid-off. Osama bin Laden learned that the hard way and did various cryptocurrency felons.

[abc3643]

* as did various cryptocurrency felons.

[abc3643]

One final thing:
In the United States, cryptocurrencies can immediately become illegal and worthless.
This is due to Article I Section 8 of the US Constitution which outlines all powers of Congress and, implicitly, what the Federal Government can do and is responsible for:

Section 8.
The Congress shall have power...

Clause 5:
To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;

Clause 6:
To provide for the punishment of counterfeiting the securities and current coin of the United States;

===

So, if Congress wants crypto gone, then:
1. Crypto is gone in the United States.
2. No legal transaction involving the United States will be done in crypto.

[Nik1hil]

@abc3643 😂🤣 Okay Before I was born That was you worked Before 1996..
It was Before Bitcoin Came..

Game has changed a lot since then. I am not in USA, I am in India. I Have been in touch with Intelligence Network of India - Russia - USA in 2024. And keep bouncing off between them for professional purpose ( Cannot disclose)

So when I say Dogecoin, pepecoin and other Memecoin are Shit Believe me they are Shit. And when I say Bitcoin is IMPERVIOUS it is IMPERVIOUS..
I have seen Ethereum Get Hacked Using a Reverse Elliptical Algorithm.

Once a scammer, sent me his Private Key of a multi-signature wallet, I need 2 more Keys to make any money in it move. It had decent 1000$ in it. I couldn't move it, But I Sent the Key to the Right network and 15 Minutes later, That Multi-signature was Broken into on TRON Network, Scammer got Hacked.

What Makes Bitcoin Impervious is the Fact that it is not programmable. It does not Understands concept of Functions or Floats. Bitcoin is Binary, it Hash after hash after Hash. It is a lot like, You can Hack a Digital Lock matter how good it is, But Hacking an Analog Lock is Impossible 😂 Since there is nothing Digital in it, you need the Hard Key to turn It.

[Nik1hil]

@abc3643 And I wouldn't Worry about USA Much, You are already Broken from Inside, Broken Families, Kids Cannot Decide their Gender, No healthcare.
USA under Biden has been a hell of a Clown. Show..
However, 😭I don't find pleasure in that😭, USA was so Majestic Back in 2005, I dreamt of Visiting it all 50 States in a Recreational Vehicle.

Indian Government Cannot Ban Crypto with 5% Population in prosecution is Impossible, It makes 60 Millions of The people to be Prosecuted.
Something Like this Happens the Government will Lose The public Support easily.

[Nik1hil]

@abc3643 My Apologies for Calling you stupid, I didn't See your Age Previously Respected Sir.

I cannot Expect you to Catch up to Such dynamic Change so quick, Considering that even I struggle to keep up.

But my book was Written for Individuals like you, Who has Insight of at least some things and know what they are talking about, The Olden Goldies of USA if can understand this New Tech. You might be Able to Save USA from Collapse, Because 😢 Sadly the young generation -18 Seems Kind of Hopeless..

[jshm2]

Yes. But more money is in the supply and maintenance, than the investment.

The main problem is too many daft cunts know little about crypto.

[normalice]

It's a pyramid scheme. Like all pyramid schemes they can work if you get in early enough but I think it's passed that point now.

[EmmaMary]

@thegreenyogi

Fools and their money soon part!

[Kelly6]

@thegreenyogi

I did invest in it but didn't see it as good investment so i kept my investment in properties and stocks

[slatyb]

I don't see it as a wise investment. It's extremely volatile and has no intrinsic value.

[Paul09]

Was better than investing in a bank. I'm up Im a little more than double my money. I have ETH. Wish I would have got it when it was way lower. Would have been a great profit.

[jamesgoldman]

I have, lost my access and £400 to boot... well £10 of my own money

[NathanDavis]

not at all... nope

[KrakenAttackin]

No, it's snake oil.

[tfan1]

I have bitcoin, avalanche, and dogecoin

[exitseven]

It is a big Ponzi scheme.

[strateguy632]

no. no.

[IslaTheWitch]

no x 2