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If someone offered you 1BTC for $10k right now you would bite their hand off. At $14k it would be still some of the easiest money you've made in your life. Eve
by HebericNewt 4y ago
If someone offered you 1BTC for $10k right now you would bite their hand off. At $14k it would be still some of the easiest money you've made in your life.
Even if you have the most cynical opinion of cryptocurrency, you must admit it's alive and well. It is as long as there are enough people who believe that it is - and your honest answer to the above would reveal that you know that to still be very true.
- throwawaysleep 4y agoOh absolutely. Had I known the absurdity of crypto would still have been going on this long, I would have set up a bunch of rug pulls and run away with the money. Interrst rate hikes kill zombie companies. Scams put dumb people under the lash of their betters.
- LastTrain 4y agoIt's all scams and frauds and you are upset... because you weren't in on it?
- datavirtue 4y agoYes. This is the attitude that open lawlessness breeds. Laws (enforced laws!) keep good people good.
- throwawaysleep 4y agoIf laws do not matter, I am not willing to follow laws.
- LastTrain 4y agoRight. When we talk about laws not getting enforced leading to people doing bad things, we're talking about you. You seem alright with that, which I've already noted.
- throwawaysleep 4y agoThere’s a clear fix for that. Enforce the laws.
- LastTrain 4y agoI mean, they do, to some extent. Not enough I guess? Here's an idea - how about you protect us from you.
- mindslight 4y ago> Scams put dumb people under the lash of their betters Continuing this line of thought, isn't the next level of "betters" the people who would readily employ violence to get retribution on those who scammed them? Or even those who would just employ violence to take what they want in general? I can understand the law of the jungle as-it-currently-is point that boils down to "lol normie rubes fell for advertising", but extrapolating that out into an overarching moral judgement makes no sense unless you're also repudiating the specialization of labor that has led to most of our current prosperity.
- throwawaysleep 4y agoIf there is no legal action taken against people who use violence, then yes.
- mberning 4y agoSure, I’m not stupid. I would turn around and sell it to some other fool. And thats the problem. There is honestly no price I could buy it at where I would be willing to hold.
- herendin 4y ago>There is honestly no price I could buy it at where I would be willing to hold. Really no price? Even given the opportunity to buy at $10, you still wouldn't hold?
- alexanderchr 4y agoIf you believe its value is going down you wouldn't want to hold at any purchase price.
- mberning 4y agoAre you confident it won’t go to $5? I’m not.
- factsarelolz 4y agoI would be very confident I could sell before it hits $5.
- deleted 4y ago[deleted]
- throwaway290 4y agoWhat if you're asleep when it falls?
- factsarelolz 4y agoUhhh you set a stop loss number. If it hits x sell. So if I was given a coin currently "worth" $15,000 for $5. I could set a stop loss of $6 and always make a profit since my initial investment was $5. Asleep, awake, doesn't matter.
- ethagknight 4y agoAnd it's the same argument as Santa Claus in the movie The Elf. So long as enough people stand in Central Park singing the same song, all is well, just be sure to leave before the party is over, the Clausometer goes to 0, and the police horses trample you.
- Kudos 4y agoIf someone offered me 1BTC for $10k right now, I would assume I'm being targeted or scammed somehow, since crypto is rife with grifters and fraud.