Cryptocurrency is Revolutionary, and Everyone Should Own Some. Let Me Explain.
1 2018-09-20 by TheCrunk1
Cryptocurrency Insulates the Owner from National Currency Hyperinflation, Like We Are Seeing in Venezuela.
One Ether is Worth the Same in China, in Germany, in America, in Bolivia, in Japan, in Australia.
The Only Other Asset that the Same can be Said About are Precious Metals.
Cryptocurrency is Unique.
It is Easier to Transport than Precious Metals, as It Lives on the Internet.
No One Knows You Own Cryptocurrency.
Cryptocurrency Is a Supranational Currency.
Gold can be Stolen.
Paper Money Can be Deemed Worthless Internationally through Hyperinflation.
Cryptocurrency Can be Used Anywhere; Cryptocurrency Can cross International Barriers.
Cryptocurrency is Revolutionary, and Everyone Should Own Some.
Do Your Own Research into It.
33 comments
1 studer391 2018-09-20
Buy gold /s
1 yellowsnow2 2018-09-20
It's good to own some gold but they have been busted manipulating the price/market of precious metals so many times...
1 studer391 2018-09-20
/s = sarcasm
1 yellowsnow2 2018-09-20
Ah, I missed that.
1 INeedACuddle 2018-09-20
i reckon the biggest danger with cryptos stems from the fact that their value can drop at any time
one could potentially have bought a bitcoin for $A20,000 a few months ago and then find that by the end of this year it can be sold for only $A2,000
1 TheCrunk1 2018-09-20
It's something to consider yes before buying...
1 Globie2017 2018-09-20
The same can be said of other currencies and asset classes, the only difference is the level of volatility.
Cryptocurrencies will become more stable / less volatile as adoption and liquidity increases.
My biggest concern with crypto, is that much of it is deflationary by design. If Bitcoin were to become the most widely adopted currency worldwide at some point in the future, people would soon be aware that the value of 1 Bitcoin is always going to increase. This would dissuade people from actually spending any as it will be worth more in future. If nobody is spending any money, then global production would collapse.
Of course not all cryptos are deflationary, but who in their right mind would adopt crypto which doesnt increase in value (or even decreases) when currencies like Bitcoin are almost guaranteed to become more valuable over time?
1 Jerrimu 2018-09-20
wont hit 2k, miners will likely hodl before selling at a loss ( mining cost world avg is approx 500 USD)
1 dukey 2018-09-20
Problem with bitcoin and friends is absolutely wild price swings. Up to 4% daily. How can you hold a currency which is so volatile?
1 TheCrunk1 2018-09-20
That's a good point, I think it will stabilize into a world wide currency, it would allow more freedom for people, which is of course the last thing world wide establishments want, which is exactly one of the reasons it is so revolutionary.
1 ijustwantedtopostthi 2018-09-20
If you think about it, the similarities between cryptocurrency and the nwo style "credits" we see in shows like star wars, it seems highly likely that bitcoin was created as a precursor to this "credit" system. All systems that come with the ability to ultimately control people.
The guy who created bitcoin is quite a mystery, but there is a little information about him, it all seems to be shrouded in secrecy.
Why this big mystery around the creation of bitcoin?
1 TheCrunk1 2018-09-20
Nobody knows who created Bitcoin to this day:
https://nypost.com/2017/12/16/the-person-who-created-bitcoin-remains-a-mystery/
1 Jerrimu 2018-09-20
I feel the same there's a pretty good chance the NSA was involved. Privacy coins* are a different matter.
*= I can only speak knowledgeably about cryptonote protocol coins, I'm familiar with the codebase and it has been verified several times by third parties.
1 YouTXO 2018-09-20
Ever heard of the guy who made the liberty dollar? What happened to him? Do you know?
1 Rockran 2018-09-20
Except the banks.
And crypto can be hacked.
This shouldn't even be a point... Like, no shit bruh.
HEY HEY HEEEEEY, WASSOWASSOWA-SUUUUUUUUUUUUUUP
As can most currencies :/
1 TheCrunk1 2018-09-20
The banks do not know who owns what cryptocurrency, nor do they have a reasonable way of finding out.
The Venezuelan Bolivar and the Nigerian Naira are worthless in Europe, Bitcoin and Ether are not.
1 Rockran 2018-09-20
If the banks don't know anything, how can they do this:
https://www.businessinsider.com.au/cba-ban-credit-card-purchases-bitcoin-cryptocurrencies-2018-2
1 TheCrunk1 2018-09-20
The can see on the credit card bill, they are doing this as they don't want to cause a domestic debt crisis, Where vast swathes of their populace are buying cryptocurrencies on credit.
1 Jerrimu 2018-09-20
Look at all the darknet arrests, public ledgers aren't safe from gov/TPTB.
1 DerkDerkinson 2018-09-20
Which Cryptocurrency company do you work for?
1 TheCrunk1 2018-09-20
None.
1 Jerrimu 2018-09-20
Both ethereum founders have put forth some very pedo-friendly views. Any coin with a public ledger ( ie not a privacy coin) is bad money. Most addresses are publicly viewable and have a full record of all transactions ever. Can you imagine if you could view someone's checking account like that?
Caveat: I'm a privacy advocate and develop a coin
1 TheCrunk1 2018-09-20
Excuse me?
1 infocom6502 2018-09-20
pizzagay
1 Jerrimu 2018-09-20
https://www.reddit.com/r/conspiracy/comments/9h9749/ethereums_weird_pedo_ties/
1 YouTXO 2018-09-20
Vitalik was trying to prove a point.
1 QueUpSomeReality 2018-09-20
Any currency that is not backed by a hard asset will fail.
1 x6ftundx 2018-09-20
the issue that you really have is that a normal person thinks it magic and too hard to figure out. That's me. I don't want to take the time to learn about it, or even invest in it. If there was a program that I could push a button and then buy and sell, that would be awesome. The other issue is if I want to take my money out, I have to wait. I should be able to push a button and an auto sell happens and then it gets deposited into my account. It's way too hard for us normal people to figure out.
1 TheCrunk1 2018-09-20
Coinbase is pretty intuitive and user friendly
1 Dreadweave 2018-09-20
By the time theres a 1 button program its too late and youll be buying in at prices with everyone else who thought it was too hard to figure out.
1 x6ftundx 2018-09-20
I think we are past that point. The hedge funds already came and went. We will never see it like that time again unless they want us too.
1 wicky- 2018-09-20
Don't Capitalize Every Word.
1 infocom6502 2018-09-20
AT LEAST IT ISN'T ALL CAPS