Stereotypes and cliches now? There are some very intelligent athletes out there. For example, former football player Darius Dale of 42 Macro is well regarded in finance for his macro analysis.Not every NFL player is the smartest out there - plenty of managers grew fat off clients who didnt understand finances
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Money traders do not operate on faith.
National currencies go up and down on political news and economic data.
Neither of which are faith based.
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I would not hold a 20 person survey as a good sample size. Also, I don't think MacRumors is necessarily going to be representative of the general population. Lastly, which post are you talking about? I don't recall disliking any posts.20 actioned my post that it is gambling.
18 Liked or Loved.
2 disagreed.
Guess who?
That's 90% of MR who bothered to react...
Hard sell to convince us it is legit.
This is what bitcoiners look like at the top of a cycle and especially when they ask inane questions online.
They looks the same again at the bottom of the cycle when the pedopeso scam crashes 70% every 4 years.
They are never happy because they are slaves to the oligarchs and criminals who took their money.
If you're such a successful bitcoiner you wouldn't be going insane on a forum.
Cool so you're happy paying mining fees to the Iranian, Russian and Chinese regimes if the US collapses. Power and corruption dictates who controls mining power.
So now you've shown who bitcoiners are. They are simps to authoritarianism.
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This is correct only to the extent that it adds depth at that certain price. If the depth at a certain price is really far from the median between the bid-ask, then there's less of an impact. Put that quantity depth the lowest bid or highest ask and it will have a great impact on whether the price moves or not.
However, to be technical, yes, quantity does matter. The bid and ask prices are more important though.
No one said that national currencies go up and down on faith. Where are you getting that from?
National currencies, or better to call it fiat, is backed by the good faith and credit of the government of the country. That's what the means. There is no asset backing fiat or giving it any tangible value.
You keep saying this like you know it as a fact. Where is your proof that oligarchs and criminal control Bitcoin?
You know nothing about me, so stop acting like you do.
What on Earth are you talking about? Bitcoin mining is distributed all over the world. No single country has control of it.
More nonsense.
2021 bull run actually reached past the 3.618 line. It rejected off that in April 2021, around the time China banned mining. Retraced to 1.618, then went to 2.618, struggled for a while, then blew past 3.618.
I think you're going from previous all-time high (November 2021) to the bear market low before that (December 2018), or something like that. You should go from the previous all-time high (November 2021) to the recent bear market low (November 2022).
Enjoy the next crash and if you convinced anyone to buy cyber crime coins at the top of the cycle you'll get karma.
South Korea: the country currently having politcal fallout over bribery and who brought us "Squid Game"...
Right so they wouldnt have any cultural gambling issues ... LOL
The only faith based currency trading is religion and crytpo... both selling invisible products and the hard sell approach by those with a religious ferver...
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The only faith based currency trading is religion and crytpo... both selling invisible products and the hard sell approach by those with a religious ferver...
A criminal cartel of fascist oligarchs who have been subsidised by the government and banks for years, who have stolen billions of dollars from stock market investors, and they haven't finished. They want all the money left over and they will destroy everyone to become untouchable lords. Their crypto gambling poor simps are the biggest lemmings in the whole of human history.
It's not FUD that crypto consumes massive amounts of energy, and someone is paying for that.
something like 1% of energy produced used to mine crypto!
Think of all the things we could have done with that 1% ...
Look back at a previous post of mine about that. There is an article that explains where the energy is coming from, which is mostly renewable and utilizing otherwise wasted energy. And here's another as well with charts of the actual comparison.
Is Bitcoin More Energy Intensive Than Mainstream Finance? – Economics from the Top Down
Yes, the Bitcoin network uses loads of energy. But so does mainstream finance. So which system is more energy intensive? In this post, I do the math.
economicsfromthetopdown.com
The miners pay for the energy.
Look back at a previous post of mine about that. There is an article that explains where the energy is coming from, which is mostly renewable and utilizing otherwise wasted energy. And here's another as well with charts of the actual comparison.
Is Bitcoin More Energy Intensive Than Mainstream Finance? – Economics from the Top Down
Yes, the Bitcoin network uses loads of energy. But so does mainstream finance. So which system is more energy intensive? In this post, I do the math.
economicsfromthetopdown.com
The miners pay for the energy.
So you post another person claiming crypto is rife with scams and fraud, yet again there's no proof. Yes, there are scams in crypto, as I've said many times in this thread. However, crypto itself is not a scam and there is actually more scams, fraud, and illicit activity in the traditional financial system, with U.S. dollars, than there is with crypto. That is an indisputable fact. And the reason is because criminals are better off not using crypto for crime because the transactions are so easily traceable, and they know it.
Seriously? That's your argument now? Umm so you don't think our own country and government isn't full of bribery, fraud, and criminal activity? The U.S. doesn't make movies and TV shows that are just as violent as Squid Game? You don't think the U.S. has cultural gambling issues? Do you think there's even a single country on this entire planet that isn't just as bad? There certainly isn't one that's perfect.
Clearly you missed the point of his comment.
no matter where the energy came from, wasting it on mining coins is wasteful. that energy could have been stored and used elsewhere.Look back at a previous post of mine about that. There is an article that explains where the energy is coming from, which is mostly renewable and utilizing otherwise wasted energy. And here's another as well with charts of the actual comparison.
Is Bitcoin More Energy Intensive Than Mainstream Finance? – Economics from the Top Down
Yes, the Bitcoin network uses loads of energy. But so does mainstream finance. So which system is more energy intensive? In this post, I do the math.
The miners pay for the energy.
He's promoting crypto because he is trying to get more grandpa's and grandma's to buy more crypto and pump it up, as that's is how the "value" of crypto is, it's all sentiment.
There is no underlying value like with stocks such as companies like Apple and Nvidia, as crypto is literally worth $0.
People like him should go to jail because he doesn't have a license for giving out financial advise, yet all these crypto bro's try to get people who don't know better into crypto, which should be illegal as they are not financial advisors.
you used one footballer as being smart and backing crypto... geez.
the whole thread has waffled on for long enough.
i just wanted to see how far of a tangent you two would go...
still cant prove its not a scam and gambling.
and havent seemed to convince others of that either.
perhaps find a more fertile environment to find new "investors"...
I think it's less energy than you think. Bitcoin's global use of energy is less than the energy the U.S. banking system uses. Bitcoin is also the 7th most valuable asset by market cap. That's not wasteful.
Also, Bitcoin miners are helping to stabilize the electrical grid in Texas, especially during the hot temperature summer and during severe weather.
Where else would the energy be used that's not getting enough energy right now?
Also, Bitcoin miners are helping to stabilize the electrical grid in Texas, especially during the hot temperature summer and during severe weather.
Where else would the energy be used that's not getting enough energy right now?
Hawk Tuah crypto scam died in a day...
It surged to $500 million and then suddenly lost more than 95% of its value within hours.
That's a bit hard to swallow
Not the first celeb either. Kim Kardashian was fined more than $1M in 2021 and Logan Paul now accused of promoting coins without disclosing his interest.
Scammers targeting get rich quick gamblers using their celebrity...
It surged to $500 million and then suddenly lost more than 95% of its value within hours.
That's a bit hard to swallow
Not the first celeb either. Kim Kardashian was fined more than $1M in 2021 and Logan Paul now accused of promoting coins without disclosing his interest.
Scammers targeting get rich quick gamblers using their celebrity...
it's a waste of energy if it makes nothing tangible.
Now they "stabilizing the grid"???
Perhaps use the energy to store hydro for on demand energy generation?
Think ahead a bit...
My point was that you were making it seem like football players aren't smart, when there are many that are actually highly intelligent. Sorry I had one that immediately came to mind and didn't give you a long list.
Actually, I don't need to prove it's not a scam or gambling, though I have shown data supporting the fact that there is more illicit use of the U.S. dollar than crypto, so that should give you a good idea. The thing is you make accusations that it's a scam and gambling without any proof yourself. Are there some scams? Yes. But not all crypto is a scam. Is there some gambling? Yes. But there also is in traditional stock investments, options, futures, especially when leveraged. You've presented nothing damning of crypto that doesn't happen with stocks and other traditional investments.
Also, no one was trying to find "new investors" here. Just proving you wrong, over and over and over and over again, repeatedly. You're just too close-minded and stubborn to accept the truth when it's presented to you.