this post was submitted on 14 Sep 2023
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You're giving real money to unregulated corporations run by tech-bros in exchange for a string of numbers that you don't understand and the promise that you'll get money back one day.
Yeah, that's a scam.
Why does every criticism of crypto always hinge on attacking the character of the industry is some ad hominem way. Oh the tech is no good because it's "tech bros" running these companies.
Because unregulated, greedy, manipulative, underhanded scammers doesn't have the same ring to it.
bitcoin CEO satoshi nakomoto has entered the chat
The man, the myth, the legend.
well that's the thing regulation is already coming, xrp for example is the first regulated crypto out there. Bitcoin and ether have trillions of dollars of investments from some of the biggest investment firms in the world and Banks all over the world are adopting it as a store of value so you go ahead and tell me that it's still a scam any more so than any other currency and I'll go ahead and keep investing in crypto.
It's as legitimate as any country's currency, as long as that country is being run out of some random basement closet in Silicon Valley.
everything that you said so far just tells me that you don't understand it. Now I'm not saying that a lot of the crypto out there and actually the vast majority of crypto out there is garbage, that's entirely true, however Bitcoin, Ether, Solana, XRP, Cardano.. and several of the most popular and legitimate companies and technologies out there are exactly that, legitimate.
giant corporations Banks and financial institutions don't put billions of dollars into investments of crypto without validating the asset
And everything you said so far just tells me that you're invested in your sunk cost fallacy.
in the past 4 years I've made $7,000 casually trading crypto and everything is just fine so whatever man
That's what the numbers on the account says anyway.
no that's cash in my bank account at this point smart guy
So even you recognize that it's not real money until it's cash.
arguing like this with someone like you is pretty pointless
You think this is an argument?
there's nothing you're going to show me that I haven't already seen
Also.... In September 2021, El Salvador adopted Bitcoin as its second legally-recognized national currency alongside the U.S. dollar.
Maybe you'll be able to retire in El Salvador.
it's called institutional adoption
I believe it when I can buy a Big Mac with crypto.
I'll keep making money in crypto thanks
Most investments are gambling