Trump's Chumps Take a Dump

[Bray123]

Trump's worthless coin crypto is a sound investment for suckers.

 

[TastySuckToy]

Cryptocurrency was always a pyramid scheme. Suckers will lose much more as they pay ever higher prices for hopium and hard lessons. In our contracting economy, all investments will have an average of increasing loss.

Do you think Bitcoin is a pyramid scheme? If so, how?

 

[UltraChad]

Do you think Bitcoin is a pyramid scheme? If so, how?

They support REAL money....like fiat currency!!! LMFAO

 

[TastySuckToy]

They support REAL money....like fiat currency!!! LMFAO

If people understood how the fiat system works, they would revolt overnight.

 

[Politruk]

If people understood how the fiat system works, they would revolt overnight.

No, they wouldn't, because it works. You can use the money to buy things. That's all anybody cares about. Your grandchildren will earn and spend and maybe invest government fiat currency and nothing else.

 

[KingDJT]

If people understood how the fiat system works, they would revolt overnight.

If people understood how the fiat system works, they would revolt overnight.

These dopes around here don't know their own names! PATHETIC! They represent their party well! MARCH MADNESS Let the fun begin!

 

[Politruk]

MARCH MADNESS Let the fun begin!

"March Madness" has no political significance whatsoever.

 

[TastySuckToy]

Take a look at the value of one bitcoin over time. From cents to many thousands says unsustainable pyramid scheme in giant flashing red letters.

So because Bitcoin has demonstrated value appreciation, that somehow means pyramid scheme?

And the huge electricity cost of cryptocurrency mining, the computational work, guarantees the whole thing will disappear.

Why?

Investors tend to move in herds, but they eventually get around to demanding return on investment.

You just pointed out Bitcoin has massively appreciated in value. How is that not a return on investment and why do you think it would stop?

 

[TastySuckToy]

There's nothing behind that nominal value.

What do you think the value of gold is backed by?

Why do people use fiat currency if it is backed by nothing?

People who cashed out and stayed out escaped the unpleasant consequences.

I'm talking specifically about Bitcoin, not any other crypto.

People buying crypto today at thousands per any cryptocoin won't get that massive return.

And you know this how?

And again, for clarity, I'm talking only about Bitcoin. All other cryptos are trash as far as I'm concerned, although a very limited few may function as secondary layers to Bitcoin or stick around for a bit before being abandoned.

How much do you have sunk in crypto? Vacation budget, kids' college fund, or life savings and home equity?

Are you asking me, or posing the question in a general way?

 

[Politruk]

What do you think the value of gold is backed by?

Why do people use fiat currency if it is backed by nothing?

It is backed by the issuing governments, who will accept it in payment of taxes and other debts.

 

[Politruk]

Gold's value is somewhat more durable, but that will eventually be gone too, replaced by barter between civilizations. Fiat currency is temporarily convenient, but the convenience has a cost, which governments will become unable to pay as they increasingly abuse the convenience in desperation to sustain unsustainable expenses.

None of that is going to happen in the next hundred years.

 

[Politruk]

Your grandchildren will earn and spend and maybe invest government fiat currency and nothing else.

 

[UltraChad]

No, they wouldn't, because it works. '

JUST LIKE blockchain currency.

You can use the money to buy things.

You can use blockchain to buy things.

That's all anybody cares about. Your grandchildren will earn and spend and maybe invest government fiat currency and nothing else.

They are already moving away from government fiat.

It is backed by the issuing governments,

That people have lost faith in because the government has abused and exploited them for decades with their authority over the currency.

who will accept it in payment of taxes and other debts.

Taxes is all you really need fiat for.

Most people/companies will take the bigger blockchains, it's worth more and holds it's value better than government fiat.

 

[Lance_Castro]

Other men's manhood is very concerning to you. Why?

This is all you talk about, fatty.

 

[Rotadom]

This is all you talk about, fatty.

I'm sure you can find multiple links to back up this lie.

 

[MajorRewrite]

View attachment 2510303

View attachment 2510304

Hundred and twenty years of steady, drastic loss of value versus fifteen years going from zero to over a hundred thousand dollars, but having volatility on the way.

Yeah, Bitcoin is the loser in that scenario.

Nobody buys and holds dollars as an investment, imbecile.

Your Bitcoin graph looks just like a graph of the value of tulip bulbs in the 1630s.

 

[TastySuckToy]

Nobody buys and holds dollars as an investment

Who said they do?

Smart people buy Bitcoin, like central banks, institutions, BlackRock, and countries. They know and are exchanging garbage fiat for a vastly superior store of economic energy called Bitcoin.

 

[DeluxAuto]

 

[Rotadom]

Other men's manhood is very concerning to you. Why?

This is all you talk about, fatty.

I'm sure you can find multiple links to back up this lie.

 

[Lance_Castro]

^face stuffing emoji^

Lol

 

[RobDownSouth]

Taxes is all you really need fiat for.

Moar daily Chan haiku:

English language fail
Chan cannot articulate
Bitter Fee Fees....SAD!

 

[KingDJT]

Moar daily Chan haiku:

English language fail
Chan cannot articulate
Bitter Fee Fees....SAD!

BINGO! And the IRS is soon to be history!

Now let's hear it.... but but but...welcome to the Golden Era! MARCH MADNESS, enjoy the fun!

 

[Rotadom]

^face stuffing emoji^

Lol

You need to get your eyeglass prescription checked.

 

[KingDJT]

You need to get your eyeglass prescription checked.

Let's put a wager on what goes first, the Fed or the IRS? I say the Fed for 500!

 

[Rotadom]

Let's put a wager on what goes first, the Fed or the IRS? I say the Fed for 500!

https://media1.tenor.com/m/pp38ELbTTvoAAAAd/i-dont-even-know-who-you-are-thanos.gif