Crypto currencies hate them or love them

Crypto currencies, Bitcoin and alt coins, I started buying cryptos months back. I view it as any other refuge of money, as well as gold, silver, ammo, etc. I’m a xer. I have found that generally speaking, boomers tend to hate cryptos, specifically Bitcoin, whereas gen x,y,z are more accepting of cryptos. There’s the tulip argument, the I can’t hold it in my hand argument, there’s the legitimate gold argument, the it’s not money argument. There are pro’s and cons. I’m old, I remember back in the day, it was 1985......lol......no cell phones, no internet, no email. There were like wang word processors and amiga 285 pc’s. I remember distinctly people talking about cell phones, I don’t need no cell phone I said. Then the internet, I don’t need no internet, then email, I don’t need no stinking email. In hindsight I was a dummy, failure to have vision.....blind.....unable to conceive of what is common and completely necessary in the business world of today. I don’t want to say.....I don’t need no cryptos, I think they’re here to stay. I am interested in hearing why you are pro or con cryptos and why you view cryptos the way you do. Thank you in advance for any potential responses. Have a good one.

a reply to: Joefoster

Love em. Turned $50 worth of doge into 500.
Just watched BTC hit $76k CAD!... and I’ve been talking my self out of putting more on BTC since 63k this morning.
Told myself I’d just be chasing...now kicking myself in the ass lol

My PC mines BTC 24/7.

a reply to: Joefoster

Don’t really know a whole lot about crypto yet but I didn’t want to be left behind, so I bought some.
My money has doubled in 3 months.

"You will own nothing and love it "



Never latched on to BTC but some alts I have a fondness for. Extremely profitable too.

Originally there was a set amount of Bitcoins, an was a risk because of counterfeits, and investing in them supposedly only recent considering how long Bitcoin been out from what I understand.

Main issue, is Crypto volatile, an is very fluid, and is pretty much fiat since it digital, but hey get in an get out while the goings good, right?

Star Wars has it.

a reply to: Specimen88

Originally there was a set amount of Bitcoins

Unless I missed something, there has always been a finite amount of bitcoin. No more can be made.
I wonder if the FBI still owns the Silk Road bitcoin? Their worth today would be insane.

a reply to: Joefoster

Crypto is still subjected to capital gain tax.

And crypto is still going to be the future. Thing is, what it's value is right now, won't be the same when it becomes a regularly used trade currency, once that happens it will start to be regulated and then most likely centralized.

Ride the wave now, it's value as a reserve currency is still very strong. USD is still king tho.

a reply to: ColeYounger

Your right, thats what I meant, there was only a certain amount of them, an there won't be any more added. I heard about years ago in 2012 through a class presentation from a class mate. I heard there were alot of counterfeits though at the time if I remember.

Yea, I can only guess how much one Bitcoin actually worth these days. Never heard of a Silk version of it.

a reply to: Joefoster

I think some form of cryptographically validated currency is inevitably the way of the future.

Currently, and in the immediate past, cryptocurrencies are those preferred by cyber-criminals.

I would feel better about them if they could rescued from the company they keep, or, rather, the company that keeps them.

Only 4 or 5 people own 95% of all the bitcoins argument.

Bitcoin has no fundamental value, it is based on emotional value. This is why there is so much variation in price. The owners of the bitcoins can manipulate the price anyway they see fit.

Although the value of bitcoin has flourished over the years, IMO it is pure folly and will fade away eventually.

I had some interest in it back in 2010 when the price was 6 or 7 cents but couldn't get any info on where to buy BTC or info on how to mine it. Seemed like a closed club.

It’s been good to me. Currently in MANA and LOOM and have made a very good return on both.

a reply to: Specimen88

Never heard of a Silk version of it.

Seriously! Do some reading on The Silk Road! It was an online black market with upwards of 90,000 customers.
The feds shut it down about 6-7 years ago. The story is a mind-blower.
Rumor has it the FBI seized billions and billions worth of bitcoin. I doubt if any civilians know how much was seized.

I think Im gonna retire at the age of 36 because of my deep hatred and knowledge of the Federal Reserve banking cartel. (thanks ATS)

Went all in on bitcoin and alts about 4 years ago before they all went insane in 2017. I keep emergency money in my bank account incase something bad happens but everything else goes into bitcoin, litecoin, alts, and silver.

Bitcoin is the only thing that will end the suppression of humanity and save the world from the bankers that control everyones minds. Well that and actual Tesla technology.

I believe if you keep your money in a savings account or stocks you are part of the problem and karma will get you for being lazy, fearful and ignorant.

Bitcoin will eat all fiat currencies and the sheep who denied it forever will eventually have to buy bitcoin or litecoin to purchase anything.

I'm a boomer and love crypto, having invested in 6 different coins, but a late comer, so not early anough.

I also have good stock investments and one stock have 75000 shares. When it hits I'll be plenty happy.

Investing right now if you haven't before, is the best time to start. Crypto (lots of different ones, and stocks).

The IRS clowns are launching "Operation Hidden Treasure" - a new program targeting cryptocurrency users who haven't reported their earnings, as cryptos reach an all-time high and the IRS seeks to get a piece of the crypto pie. Agents will be reportedly trained by crypto contractors. I'm sure that will go well.😆 Ben Swann and Jeffrey Tucker first ~9 minutes.

It's great. Really wish i hopped in on BTC sooner.

I hold Litecoin and Chainlink atm. Got quite a bit now. As was said, it is manipulated by the Whales who hold mass amounts of the coin. Im sure there is some high rollers whatsapp group or something as the big boys regularly pump and dump to make massive profits.

There are two sides:

Those who have crypto - they love it.

Those who don't - generally are negative towards it.

Why is this? Because those who don't have it are jealous and feel they are missing out.

I'm no financial advisor but go get some crypto, it's making us all rich.

I have paid attention to the crypto scene for some time now. I got out back in 2017 for the most part. I hate to say it but with possible regulation and the tax people sniffing around, It may be too late to get into, and with the insane price at the moment, I think this might be the last pump of all pumps. I am not in the know, so things could either way