Bitcoin... currency of the future or fraud/scam/bubble?

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TeslaCoil said:
Yep. I do not come from means. And Ive reflected on all of that. I am not a gambling man. I will say it again. After doing hundreds of hours of in depth research on bitcoin. What came before it in the 80’s 90’s, early 2000’s. The cypherpunks. The coding of it. How it works. Proof of work. After studying its place within the framework of modern fiat economies, etc etc, I have come to the firm conclusion that it is for lack of a better phrase, “freedom money”. It is very powerful. Most people have no idea just how powerful it actually is. But it will become apparent over the coming decades.
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Just curious, would you say the bulk of your day, other than your job or family, consists of learning more about crypto? Is it your main interest?
 
TeslaCoil said:
All of the sudden you want to get to know me? Forgive my suspicion. Investing/money/crypto/real estate in general is a big pastime, but not the bulk. I have a lot more human pastimes too.
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Not all of a sudden, this exchange has been going on for some days. No need to be suspicious, people fascinate me, even crypto bros.
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TeslaCoil said:
Yep. I do not come from means. And Ive reflected on all of that. I am not a gambling man. I will say it again. After doing hundreds of hours of in depth research on bitcoin. What came before it in the 80’s 90’s, early 2000’s. The cypherpunks. The coding of it. How it works. Proof of work. After studying its place within the framework of modern fiat economies, etc etc, I have come to the firm conclusion that it is for lack of a better phrase, “freedom money”. It is very powerful. Most people have no idea just how powerful it actually is. But it will become apparent over the coming decades.
Click to expand...

Bro just trying to spread the love and financial freedom to all. I wish others find it when they do they can escape the work for money cycle and maybe find their true passions in life.

I'll likely never be seen after 2030 posting but btc will go down as one of the greatest things for giving financial freedom and possibly truly giving back control to the people.
 
finalpsychyear said:
Bro just trying to spread the love and financial freedom to all. I wish others find it when they do they can escape the work for money cycle and maybe find their true passions in life.

I'll likely never be seen after 2030 posting but btc will go down as one of the greatest things for giving financial freedom and possibly truly giving back control to the people.
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Now THAT is interesting. In your view, bitcoin, and other cryptocurrencies have the potential to a “immanentize the eschaton”. Escaping the money cycle, finding one’s true passions in life. From a political perspective, this is interesting. Crypto has the potential to make it so people don’t have to work as hard, have more leisure time to pursue their passions. When viewed from the lens of current left right politics in this country, it seems to fit a bit better on one side of the aisle.

We all want this. Not sure if crypto will get us there. I’m not even sure abundant money for everyone, fiat currency or not, would do all those wonderful things. Hey, maybe I’m wrong though.
 
NumTacos said:
Now THAT is interesting. In your view, bitcoin, and other cryptocurrencies have the potential to a “immanentize the eschaton”. Escaping the money cycle, finding one’s true passions in life. From a political perspective, this is interesting. Crypto has the potential to make it so people don’t have to work as hard, have more leisure time to pursue their passions. When viewed from the lens of current left right politics in this country, it seems to fit a bit better on one side of the aisle.

We all want this. Not sure if crypto will get us there. I’m not even sure abundant money for everyone, fiat currency or not, would do all those wonderful things. Hey, maybe I’m wrong though.
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It'll mostly be the peope who hold it currently that reap the rewards or for some late to the party to lump sum in big. For the rest it will be same old same old plus robots as competition for basic jobs.
 
finalpsychyear said:
Bro just trying to spread the love and financial freedom to all. I wish others find it when they do they can escape the work for money cycle and maybe find their true passions in life.

I'll likely never be seen after 2030 posting but btc will go down as one of the greatest things for giving financial freedom and possibly truly giving back control to the people.
Click to expand...
Simply comes down to it being accepted as legal tender. That's a stretch, but the Trumps are into Bitcoin so anything crooked is possible, and then the sky is the limit. If it never becomes backed by anything then it just becomes the biggest sucker collapse known to mankind, which I will say is not happening anytime imminently, but would happen eventually.
 
We'llBeDoneIn15Minutes said:
Simply comes down to it being accepted as legal tender. That's a stretch, but the Trumps are into Bitcoin so anything crooked is possible, and then the sky is the limit. If it never becomes backed by anything then it just becomes the biggest sucker collapse known to mankind, which I will say is not happening anytime imminently, but would happen eventually.
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I have to disagree. Its already successful all on its own. Does gold need backing? No of course not, in fact gold is usually the asset doing the backing. And bitcoin is better than gold. Gold isnt technically legal tender either.
 
NumTacos said:
Now THAT is interesting. In your view, bitcoin, and other cryptocurrencies have the potential to a “immanentize the eschaton”. Escaping the money cycle, finding one’s true passions in life. From a political perspective, this is interesting. Crypto has the potential to make it so people don’t have to work as hard, have more leisure time to pursue their passions. When viewed from the lens of current left right politics in this country, it seems to fit a bit better on one side of the aisle.

We all want this. Not sure if crypto will get us there. I’m not even sure abundant money for everyone, fiat currency or not, would do all those wonderful things. Hey, maybe I’m wrong though.
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Not all crypto. Bitcoin.
 
finalpsychyear said:
It'll mostly be the peope who hold it currently that reap the rewards or for some late to the party to lump sum in big. For the rest it will be same old same old plus robots as competition for basic jobs.
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So it’s a slow motion lottery for the early adopters, then back to the salt mines for your great grandchildren?
 
TeslaCoil said:
I have to disagree. Its already successful all on its own. Does gold need backing? No of course not, in fact gold is usually the asset doing the backing. And bitcoin is better than gold. Gold isnt technically legal tender either.
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The difference is gold is something in itself. Bitcoin is digital nothing if it never gets backing.
 
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We'llBeDoneIn15Minutes said:
The difference is gold is something in itself. Bitcoin is digital nothing is it never gets backing.
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You’re wrong. Bitcoin is definitely something. Its properties are what gives it value. I think you need to do a little more reading about bitcoin. You think 2 Trillion would just poof flow into something that wasn't inherently valuable? Bitcoin is backed by the same exact thing gold is believe it or not. It has nothing to do with the metallic properties of gold. Its golds relative scarcity and the “proof of work” concept”. In other words, the fact that it requires resources to dig it up out of the ground. Bitcoin is the same way. It requires investment and work to mine in the form of building mining rigs and then using electricity to mine them. Dont shortchange yourself. Learn a little more about bitcoin and buy in. I would even say its superior to gold, since its much more portable and divisible, and cannot be diluted.
 
We'llBeDoneIn15Minutes said:
The difference is gold is something in itself. Bitcoin is digital nothing is it never gets backing.
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lol l tell me what makes gold valuable. And please don’t say because it’s used as an electrical conductor. Literally 5% of the worlds gold is used for that purpose, and there are cheaper metals that conduct even better. Gold is valuable because people give it value historically, nothing else. Everything is a meme, the sooner you figure that out the better

The biggest meme is the US dollar. What is the dollar backed by?
 
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TeslaCoil said:
All of the sudden you want to get to know me? Forgive my suspicion. Investing/money/crypto/real estate in general is a big pastime, but not the bulk. I have a lot more human pastimes too.
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I know. Some of these comments are nuts. People are allowed to have their own opinions about bitcoin or whatever. It’s really the liberal mentality. Either you are with them on their ideology or they think you are weird. Than they start questioning your lifestyle as if you live in your parents basement playing videos games to 3am.

Bitcoin is one of those investments many of us missed the boat. Including me. It’s just so hard to see Bitcoin peaks and valleys like any investment. 50-100k at time is my threshold what I want to invest in. I only got 50k gbtc when it came out. But sold it last November before the current run up. The fees were high. I brought fbtc same time. I just feel more comfortable with ETF. But it’s just a super small part of my portfolio.

I had option to buy 4 bitcoin for around 100k a few year back but back off. Just nerves or fear.
 
aneftp said:
I know. Some of these comments are nuts. People are allowed to have their own opinions about bitcoin or whatever. It’s really the liberal mentality. Either you are with them on their ideology or they think you are weird. Than they start questioning your lifestyle as if you live in your parents basement playing videos games to 3am.

Bitcoin is one of those investments many of us missed the boat. Including me. It’s just so hard to see Bitcoin peaks and valleys like any investment. 50-100k at time is my threshold what I want to invest in. I only got 50k gbtc when it came out. But sold it last November before the current run up. The fees were high. I brought fbtc same time. I just feel more comfortable with ETF. But it’s just a super small part of my portfolio.

I had option to buy 4 bitcoin for around 100k a few year back but back off. Just nerves or fear.
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Man that sucks about the 4 btc. But just so you know its still very early. I would buy at least one btc rn if I were you.
 
aneftp said:
I know. Some of these comments are nuts. People are allowed to have their own opinions about bitcoin or whatever. It’s really the liberal mentality. Either you are with them on their ideology or they think you are weird. Than they start questioning your lifestyle as if you live in your parents basement playing videos games to 3am.

Bitcoin is one of those investments many of us missed the boat. Including me. It’s just so hard to see Bitcoin peaks and valleys like any investment. 50-100k at time is my threshold what I want to invest in. I only got 50k gbtc when it came out. But sold it last November before the current run up. The fees were high. I brought fbtc same time. I just feel more comfortable with ETF. But it’s just a super small part of my portfolio.

I had option to buy 4 bitcoin for around 100k a few year back but back off. Just nerves or fear.
Click to expand...

1 btc per kid not sure how old they are but even now if you can let it sit for 4-6 years it will likely pay for at least one of their educations easily and potentially; so so much more. Once more of these loans and borrowing against companies shoot up there will be even less selling.

The biggest regret almost anyone in btc is they sold more of their stack then they needed to and didn't dca back in. Good luck.
 
aneftp said:
I know. Some of these comments are nuts. People are allowed to have their own opinions about bitcoin or whatever. It’s really the liberal mentality. Either you are with them on their ideology or they think you are weird. Than they start questioning your lifestyle as if you live in your parents basement playing video games to 3am.
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“Nah. I’m very normal. Tons of friends. Family. I am very social. Go out. Hang out with normal non medical friends”.
1753026351905.gif
 
NumTacos said:
“Nah. I’m very normal. Tons of friends. Family. I am very social. Go out. Hang out with normal non medical friends”.
View attachment 406842
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And what exactly does that mean? You guys may or may not have lives. I don’t make assumptions like liberals who think people who don’t agree with them are out of touch.

It’s the liberals who talk a big game to be holistic and forgiving yet are the most selfish people who will see who will use the same tax tactics as the rest of the Americans. Aka John let’s tax the rich kerry but let’s hide my boat in another state Or all the liberals democrats making up the ACA for the poor yet write the laws so they are on a completely more generous health care plan

The hypocrisy of liberals at their finest.

What exactly do u do for fun? Read a book?
 
aneftp said:
I know. Some of these comments are nuts. People are allowed to have their own opinions about bitcoin or whatever. It’s really the liberal mentality. Either you are with them on their ideology or they think you are weird. Than they start questioning your lifestyle as if you live in your parents basement playing videos games to 3am.
Click to expand...


Then the name calling starts LMAO
 
aneftp said:
And what exactly does that mean? You guys may or may not have lives. I don’t make assumptions like liberals who think people who don’t agree with them are out of touch.

It’s the liberals who talk a big game to be holistic and forgiving yet are the most selfish people who will see who will use the same tax tactics as the rest of the Americans. Aka John let’s tax the rich kerry but let’s hide my boat in another state Or all the liberals democrats making up the ACA for the poor yet write the laws so they are on a completely more generous health care plan

The hypocrisy of liberals at their finest.

What exactly do u do for fun? Read a book?
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@aneftp not sure if I will ever reach you, but you are trapped in a loop. I can’t tell if you actually listen or not. Either way, I will no longer engage with you. I wish you all the best.
 
NumTacos said:
@aneftp not sure if I will ever reach you, but you are trapped in a loop. I can’t tell if you actually listen or not. Either way, I will no longer engage with you. I wish you all the best.
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Same to you bro. You really need psychiatric help. Best.
 
has anyone here transferred their crypto assets from conventional accounts/apps such as coinbase to their own individual wallets?

any tips or advice?
 
ak_ps said:
has anyone here transferred their crypto assets from conventional accounts/apps such as coinbase to their own individual wallets?

any tips or advice?
Click to expand...

Yes get a ledger. Buy it legit from the ledger website brand new. Don’t buy anything on Amazon ever even if it says brand new. After you buy it it’s pretty straightforward to transfer your coins via usb or Bluetooth. Obviously keep your passphrase somewhere safe don’t store it on your phone. Write it down
 
sevo00 said:
Yes get a ledger. Buy it legit from the ledger website brand new. Don’t buy anything on Amazon ever even if it says brand new. After you buy it it’s pretty straightforward to transfer your coins via usb or Bluetooth. Obviously keep your passphrase somewhere safe don’t store it on your phone. Write it down
Click to expand...


Paper and pencil is the digital future😉
 
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aneftp said:
And what exactly does that mean? You guys may or may not have lives. I don’t make assumptions like liberals who think people who don’t agree with them are out of touch.

It’s the liberals who talk a big game to be holistic and forgiving yet are the most selfish people who will see who will use the same tax tactics as the rest of the Americans. Aka John let’s tax the rich kerry but let’s hide my boat in another state Or all the liberals democrats making up the ACA for the poor yet write the laws so they are on a completely more generous health care plan

The hypocrisy of liberals at their finest.

What exactly do u do for fun? Read a book?
Click to expand...
The fact that you had to ask what it means...
 
You guys do know that down the line the ETf's will be converted to in-kind redemption. That means you could take your bitcoin in a cold wallet etc and dump it into the ETF w/o taxable event and not have to worry bout keys. However what is more important is you can then borrow against your stack etc in your brokerage account for reasonable rates. People borrow against portfolios all the time. We are still early. I won't sell my btc and neither will any smart individual. The rich borrow against their assets.
 
UscGhost said:
Hmm.



I dont think you do lol
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I do. That’s the scary part about liberals like you. You simply do not get it.

Even row who has basically the same ideology as you said well..let’s expand Medicaid in Tennessee

And u and I argue back and forth on the ACA months ago when I mentioned there are simply very few new patient customers due to the ACA. It’s all the Medicaid free stuff and the fluff of letting super cheap young adults till age 26 on insurance

So if the ACA exchanges are so great. If these people are losing Medicaid. Why don’t they become newly paying customers even with generous subsidies? Because the truth is they can’t even afford it. They they need the free Medicaid.

And those on the exchanges already had insurance just getting it cheaper due to the exchanges.

The aca growth from the uninsured is nothing more than Medicaid freebies. Go on physicans dad’s group on Facebook. Many of the docs the same thoughts as me and it’s a great group to be in.

Liberals like you always claim mental health needs. You should seek it yourself as nimbus as well. It may give you some perspective.
 
aneftp said:
I do. That’s the scary part about liberals like you. You simply do not get it.

Even row who has basically the same ideology as you said well..let’s expand Medicaid in Tennessee

And u and I argue back and forth on the ACA months ago when I mentioned there are simply very few new patient customers due to the ACA. It’s all the Medicaid free stuff and the fluff of letting super cheap young adults till age 26 on insurance

So if the ACA exchanges are so great. If these people are losing Medicaid. Why don’t they become newly paying customers even with generous subsidies? Because the truth is they can’t even afford it. They they need the free Medicaid.

And those on the exchanges already had insurance just getting it cheaper due to the exchanges.

The aca growth from the uninsured is nothing more than Medicaid freebies. Go on physicans dad’s group on Facebook. Many of the docs the same thoughts as me and it’s a great group to be in.

Liberals like you always claim mental health needs. You should seek it yourself as nimbus as well. It may give you some perspective.
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What does medicaid and the aca have to do with sarcasm?

Feels like mad libs. Or maybe this was what its like talking to the very first iterations of chatgpt....chat-aneftp? Still working out the kinks..
 
Lets get back on topic..

I really think btc is going to the 140-150 range this year. Plz tell.me why im wrong and its not?

Aneftp: please tell me why ur sibling who has 20m flies coach on international flights? Have they ever?
 
UscGhost said:
What does medicaid and the aca have to do with sarcasm?

Feels like mad libs. Or maybe this was what its like talking to the very first iterations of chatgpt....chat-aneftp? Still working out the kinks..
Click to expand...
We had this discussion mutiple times before. About Medicaid numbers and the ACA.

I was merely responding to nimbus and his sarcasm. The context was he was asking tesalcoil some random “do you have a life outside of bitcoin”

And he responds with sarcasm another one of my post

Yet he has yet to even respond to what I ask what he did for fun.

It’s a one way street with you guys Crickets from Nimbus who says he won’t engage in any further discussions Because he feels I go in circles. Yet it’s guys who have drawn a line and build your own loop and refuse to give an inch.
 
finalpsychyear said:
Lets get back on topic..

I really think btc is going to the 140-150 range this year. Plz tell.me why im wrong and its not?

Aneftp: please tell me why ur sibling who has 20m flies coach on international flights? Have they ever?
Click to expand...
Well, it could go up, down or crash.

The problem is, it has no inherent value. So its value isnt based on anything concrete. Its usefulness (as the free mans, currency still works whether its worth $1, 100$ or 1 million per coin). And 99% of people dont use it as a currency anyways.

People are just investing because they see it increasing in value. Once it starts to dip, then people will pull out and it will plummet.

But hey, keep making money 💰
 
aneftp said:
We had this discussion mutiple times before. About Medicaid numbers and the ACA.

I was merely responding to nimbus and his sarcasm. The context was he was asking tesalcoil some random “do you have a life outside of bitcoin”

And he responds with sarcasm another one of my post

Yet he has yet to even respond to what I ask what he did for fun.

It’s a one way street with you guys Crickets from Nimbus who says he won’t engage in any further discussions Because he feels I go in circles. Yet it’s guys who have drawn a line and build your own loop and refuse to give an inch.
Click to expand...
Wait ..is it a one way street that goes in circles? Is that like a roundabout?

More importantly, if i drive down it and i get in a car accident..will the insurance i got on the ACA cover me? What if i had medicaid

Just trying to connect your thoughts a bit

But just food for thought, if multiple people think your posts dont make sense or are all over the place..it may point to an opportunity for some self assessment.

These same folks certainly disagree with plenty of others on this forum...but a difference of thought or opinion is one thing...a lack of coherent thoughts in something else entirely
 
UscGhost said:
Wait ..is it a one way street that goes in circles? Is that like a roundabout?

More importantly, if i drive down it and i get in a car accident..will the insurance i got on the ACA cover me? What if i had medicaid

Just trying to connect your thoughts a bit

But just food for thought, if multiple people think your posts dont make sense or are all over the place..it may point to an opportunity for some self assessment.

These same folks certainly disagree with plenty of others on this forum...but a difference of thought or opinion is one thing...a lack of coherent thoughts in something else entirely
Click to expand...
My thoughts seem to go over the place but they make their points. The point is very few people who were uninsured pre ACA magically became paying customers. I have always stuck by this

And with the current liberal news media even agreeing with me with the new big beautiful bill. Those who lose Medicaid benefits will lose insurance. Pretty simple. Nothing the ACA exchanges can do to fix that. They are not going to magically become paying customers.
 
aneftp said:
My thoughts seem to go over the place but they make their points. The point is very few people who were uninsured pre ACA magically became paying customers. I have always stuck by this

And with the current liberal news media even agreeing with me with the new big beautiful bill. Those who lose Medicaid benefits will lose insurance. Pretty simple. Nothing the ACA exchanges can do to fix that. They are not going to magically become paying customers.
Click to expand...
Who's talking about the ACA?

Was too difficult trying to keep you organized in your thoughts the last time...dont think i have the energy for that again
 
UscGhost said:
Who's talking about the ACA?

Was too difficult trying to keep you organized in your thoughts the last time...dont think i have the energy for that again
Click to expand...
Num tacos being sarcastic with one of my quotes. Let’s not play idiot here. I assume most of you guys have some life. Numb taco was trying to be cute and ask Tesla coil if he thought about anything but bitcoin. Read num tacos post a few posts earlier.
 
sevo00 said:
Yes get a ledger. Buy it legit from the ledger website brand new. Don’t buy anything on Amazon ever even if it says brand new. After you buy it it’s pretty straightforward to transfer your coins via usb or Bluetooth. Obviously keep your passphrase somewhere safe don’t store it on your phone. Write it down
Click to expand...
what ledger website would you recommend?
 
aneftp said:
Num tacos being sarcastic with one of my quotes. Let’s not play idiot here. I assume most of you guys have some life. Numb taco was trying to be cute and ask Tesla coil if he thought about anything but bitcoin. Read num tacos post a few posts earlier.
Click to expand...
I would never challenge you to a game of idiot...
 
aneftp said:
We had this discussion mutiple times before. About Medicaid numbers and the ACA.

I was merely responding to nimbus and his sarcasm. The context was he was asking tesalcoil some random “do you have a life outside of bitcoin”

And he responds with sarcasm another one of my post

Yet he has yet to even respond to what I ask what he did for fun.

It’s a one way street with you guys Crickets from Nimbus who says he won’t engage in any further discussions Because he feels I go in circles. Yet it’s guys who have drawn a line and build your own loop and refuse to give an inch.
Click to expand...


I saw my name mentioned but I have no idea what you’re talking about. I don’t know much about ACA and don’t really care. I’m not an expert on everything nor do I have an opinion on everything. But I do know the difference between then and than. Thanks for the attention.
 
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nimbus said:
I saw my name mentioned but I have no idea what you’re talking about. I don’t know much about ACA and don’t really care. I’m not an expert on everything nor do I have an opinion on everything. But I do know the difference between then and than. Thanks for the attention.
Click to expand...
My bad was numtacos
 
UscGhost said:
I would never challenge you to a game of idiot...
Click to expand...
Because idiots (well I won’t go that far) but knuckleheads with ideology like you tend to have more mental health disorders. It’s true. Do the research. Facts bro.
 
TeslaCoil said:
You’re wrong. Bitcoin is definitely something. Its properties are what gives it value. I think you need to do a little more reading about bitcoin. You think 2 Trillion would just poof flow into something that wasn't inherently valuable? Bitcoin is backed by the same exact thing gold is believe it or not. It has nothing to do with the metallic properties of gold. Its golds relative scarcity and the “proof of work” concept”. In other words, the fact that it requires resources to dig it up out of the ground. Bitcoin is the same way. It requires investment and work to mine in the form of building mining rigs and then using electricity to mine them. Dont shortchange yourself. Learn a little more about bitcoin and buy in. I would even say its superior to gold, since its much more portable and divisible, and cannot be diluted.
Click to expand...
The thing is why should I read about Bitcoin? We are in a massive ai explosion and I have a large amount of money in accelerated ai holdings. The rest is in gold taking a breather after a rapid 75% run-up. There's just no need to read about something I've looked into and am not convinced of. I guess I'll just have to just suffer with massive ai gains. Wo is me haha.

In all seriousness, good luck. It's just not for me and too much uncertainty for my liking.
 
sevo00 said:
Everything is a meme, the sooner you figure that out the better

What is the dollar backed by?
Click to expand...
You're arrogance makes you sound like a little child. I don't need to sooner do anything as I'm doing just fine. Worry about yourself and grow up. Not everyone is going to care or agree with your investments.

If you don't know what the dollar is backed by you might want to go learn.
 
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