I'm happy for anyone who makes a load of money off crypto,
but this belief by that you're GUARANTEED to be rich buying it is laughable
and it's ALWAYS from young guys. Always.
That aggro-mid 20's guy who is far more confident and ambitious than he is wise
I saw oil go from $150 to $20 in two years just 15 years ago
with little to no slowdown in the world's GDP to merit an 85% collapse
Transocean was $150 a share and went to .67 cents and it owns the most offshore oil rigs in the world.
You literally cant get any offshore oil where all the new large oilfields are without going thru them or the other 4 deepwater drillers
Yet, some of them have declared bankruptcy in recent years
Nothing is guaranteed.
Nothing.
Everytime I am at the table and crypto comes up,
some idiot 25 year old explains that old people "just dont understand"
It's like they're buying internet stocks in Feb 2000.
Or real estate to flip in 2007
Ah the ignorance of youth
Nothing is guaranteed in life except possibly the unexpected
I mean, let's be serious, a literally MADE UP currency,
what could possibly go wrong?
There is a coin named "cum rocket" seriously.
dogecoin was made up as a joke
On investing.com they list over 10000 crypto coins.
https://www.investing.com/crypto/currencies
Sounds legit to me.
One guy insisted "crypto's totally unhackable"
Yea, sure, trillions available to be stolen electronically
and no one will ever find a way to hack into it?
If you've made a ton of money in crypto,
good for you, just be quick to take profits,
since one day you will wake up and be crushed.
The first time I saw Hellmuth with that BitcoinLatinum hat on his head I laughed
Like that guy he has any idea what he is shilling for
They prepped him well though, he talked forever about it
Yet I still have no f-n clue what that company does despite hearing him ramble for 25 minutes on Polk's podcast
I'm not the stupidest guy in the world, got a few college degrees, not braggin' just sayin' including one in math
So, I'm pretty sure if I couldnt make any sense of WTF he was talking about, I'm not the only one
I've traded options for over 20 years as a side hustle and nobody over the age of 40 takes crypto seriously.
I've talked to numerous floor traders at poker rooms in the area (I live in Chicago) and they say it's a joke too.
They wont touch the stuff.
The documentary on the Rise and Fall of Crypto is gonna be an amazing watch on NetFlix in a few years.
Oh, and just for the 25 year olds who are deeply offended at this, just because BTC has gone up to $70,000 doesnt make you correct
Enron became a Top 5 company on the planet and it was a total sham. But again, this was before your time, so you have no idea what I'm talking about
Be careful my crypto fanatics, you're playing with fire.
Hope you win, honestly, I do, just be careful