Need someone to post about how crappy crypto is again.

[SouthFarmchicken]

Specifically, post about how crappy Ethereum, avalanche, and algorand is.

It worked two weeks ago. Keep it up please. You probably sold Dominos stock in 2008 when it was $4. Thank you.

 

[QuadrupleOption]

Uh, it's ******. Terrible. Crappy. You are a trash human being for buying it. Your children will spit on your pauper's grave.

You're welcome.

 

[onewoof]

Ride the wave and jump off at the right time. That's really all it is

 

[mcdawg22]

Someone asked in another thread why people seem to be actively cheering against the crypto guys.
This is why.

 

[PBDog]

Specifically, post about how crappy Ethereum, avalanche, and algorand is.

It worked two weeks ago. Keep it up please. You probably sold Dominos stock in 2008 when it was $4. Thank you.

bitcoin ceo should announce layoffs any day now. There’s also talk the ceo will propose raising transaction fees to 0.1%

 

[GloryDawg]

Didn't bit coin jump up huge yesterday and dropped back today? That stuff is like pre 1929 stock market.

 

[She Mate Me]

Crypto is crappy, unless you own it and it goes up and you sell it for more dollars than you bought it for.

 

[horshack.sixpack]

Specifically, post about how crappy Ethereum, avalanche, and algorand is.

It worked two weeks ago. Keep it up please. You probably sold Dominos stock in 2008 when it was $4. Thank you.

It’s a gamble not an investment. Crypto pumpers remind me of gamblers who only ever mention winning

 

[Leeshouldveflanked]

Can you buy Croots with it?

 

[paindonthurt]

Ride the wave and jump off at the right time. That's really all it is

Same with a lot of investments really.

 

[M R DAWGS]

It’s a gamble on a blue sky investment that has no real value, and the fluctuating “perceived” value has no backing. Buy and sell as you wish, but be warned, you better time it right.

 

[Nicephorus123]

It’s a gamble on a blue sky investment that has no real value, and the fluctuating “perceived” value has no backing. Buy and sell as you wish, but be warned, you better time it right.

Ignoring any other valuation metric, Crypto is a 24/7 online casino open to anyone in the world with an internet connection. I’m not aware of any other similar option. Given my understanding of human nature, I personally do not see how this could be considered valueless. To a lot of people in this world it still offers the highest risk/reward ratio of any investment class if you’re willing to gamble and have the risk tolerance.

 

[BoDawg.sixpack]

The recent action in the dollar Index is probably the main driver of the spike in crypto prices that we've seen, and also the spike in gold and stock indexes. Even with elevated rates the dollar had become way overbought.
Also if you are wondering who's benefiting from the increased interest rates in terms of the big banks this chart is for you..

 

[dog99walker]

Can you spend this sh*t at Walmart? If not, why invest in it?

 

[mcdawg22]

The recent action in the dollar Index is probably the main driver of the spike in crypto prices that we've seen, and also the spike in gold and stock indexes. Even with elevated rates the dollar had become way overbought. View attachment 301049
Also if you are wondering who's benefiting from the increased interest rates in terms of the big banks this chart is for you..
View attachment 301051

Yeah the gold people were really hoping to get returns with inflation over the last year but DYX stayed so high because other currencies were getting hit worse with inflation. Now inflation is going down and so is the dollar. Gold should climb a little, but I feel like it could have been so much higher.

 

[dorndawg]

"Ethereum, avalanche, and algorand" would be a kickass name for a rock band.

 

[pseudonym]

“Crypto” is a scam. “Blockchain” is a scam. “DeFi” is a scam. “NFTs” are scams. Whatever they come up with next will be a scam.

Save with bitcoin over the long term. Hold the keys to your bitcoin. Manage risk with allocation size. DCA to protect against volatility. It has never not worked.

Posting the bitcoin price at the time of the thread for future reference: