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MossytheMagnificent t1_j13nqrw wrote

Go away, crypto! Crashing the economy is the bank's job!

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[deleted] t1_j158r63 wrote

Here I go again, getting facts and shit from Reddit.

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vonweeden t1_j138efp wrote

“It should be prohibited because if it is allowed to grow … say it’s regulated and allowed to grow … please mark my words that the next financial crisis will come from private cryptocurrencies,” he said.

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mattahorn t1_j14x3vi wrote

I hope it “grows” one more time before they un-permit it, cause I wanna get out hopefully a little ahead or unscathed, but at the point I’d settle for just a little bit scathed.

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axionic t1_j155g8p wrote

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mattahorn t1_j15dozg wrote

:( yeah, i know. But there for a brief 3 month window almost 2 years ago I felt like a king. Lol a very dumb king, in hindsight.

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axionic t1_j15qeh7 wrote

Don't feel bad, I held my Zoom stock too long instead of pocketing a 5X profit

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YuviManBro t1_j15yeqn wrote

Hell, I was up 30K on GME when that shit was trending and I ended up selling for a 1K loss. If I had waited instead of panic selling after the drop I would be up atleast 5k in today's dollars.

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this_barb t1_j15fkiz wrote

Best time to throw out crypto was yesterday. Better time is today.

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mattahorn t1_j15gjqb wrote

You’re right, sort of. But when the biggest loser I have is worth ~$500 from a previous ~$20,000, might as well hold onto it and hope for the best, because at this point it’s an expensive lottery ticket with slightly better odds. What’s $500? Basically nothing. If it was just cut in half, yeah, I’d have been out yesterday.

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Sekhen t1_j1370yp wrote

"We need to control money. That can't be changed. We have a right to exist and control finance"

0

[deleted] t1_j13qzbx wrote

Do you really think crypto is uncontrolled, free, and democratic? How cute! Someone will always control your money. Either the Fed or some billionaires and stable coin companies.

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jmhalder t1_j13yw5k wrote

Glances over at Terra Luna/TerraUSD.... Yeah, stable coins will control this.

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Sekhen t1_j149f2s wrote

I have no issue with "the fed" controlling money. It's their money...

Banks are private companies that are afraid of crypto. They need to control it. They are scared of change.

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vonweeden t1_j1386yp wrote

When fiat is saying crypto is the culprit...

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