Rick is shocked that crypto is volatile

[O-BLOCK NIGGA!]

I buy a set amount of Bitcoin every month when I get paid, whatever the price is. I don’t check or care what the price is, I just buy whatever it will get. Then eventually I move it to my cold storage wallet I keep hidden in my house.

This is the way.

How does one get into cold storage, btw?

 

[guest]

He's currently fighting with some crypto guys:

View attachment 41157

Dumb fat cunt. I hope a bunch of niggers burn down the half-hovel tonight.

1.7 GPA Rick: "Zero is not divisible, child". Gets ripped in the replies for being wrong and stupid.

 

[Slackjawed Cow]

Man he spent all day arguing in there. Pat must feel fulfilled after such a productive day.

 

[Uncle Floyd]

You're a month late on all the "hedging against inflation" takes, its also wrong.

Crypto is trading as a tech stock right now because it's inherently tied to the underlying tech companies and markets. It's a long term hedge, and its a gamble. It's not ubiquitous enough to be purely a commodity and it's too technical to be divorced from the tech stocks. You can't just sell it like gold. You need an exchange, like coinbase for 99.9% of retail investors who don't want to manage their own wallets.

Oh and by the way, gold is down as well. is gold also volatile you retard.


Its almost like this idiot couldn't pass basic high school classes.

Are you the kind of Indian who where's a suit with a turban?
Those guys always look fucking cool, like they should be holding a cool drink on a tray.

 

[FurBurger]

Crypto was supposed to be a currency outside of government meddling, which it is. It was never supposed to be a hedge, and it's nothing like gold, because it's not tied to anything of inherent aesthetic or industrial value.

Fuckin' dumbass.

 

[AwfulManTitTankTop]

"The most obvious scam in human history."

Didn't this nigga pay like $100 for some shit whiskey just because it was "brought here by sea in a real live barrel!" Or something retarded like that?

 

[guest]

You're a month late on all the "hedging against inflation" takes, its also wrong.

Crypto is trading as a tech stock right now because it's inherently tied to the underlying tech companies and markets. It's a long term hedge, and its a gamble. It's not ubiquitous enough to be purely a commodity and it's too technical to be divorced from the tech stocks. You can't just sell it like gold. You need an exchange, like coinbase for 99.9% of retail investors who don't want to manage their own wallets.

Oh and by the way, gold is down as well. is gold also volatile you retard.


Its almost like this idiot couldn't pass basic high school classes.

A long term hedge against what though, in your view. Fiat? Commodity? Consumer confidence?

 

[O-BLOCK NIGGA!]

Are you the kind of Indian who where's a suit with a turban?
Those guys always look fucking cool, like they should be holding a cool drink on a tray.

*WEARS, you fucking mamaluke.

 

[Spraggy]

Someone post this on crypto reddit, they’ll list 100 reasons why he’s incorrecT and he will seethe about that. I’m IP banned and don’t know dick about the internet so I can’t do it

 

[Juschippinyababe]

Speaking of due bills you fat faggot judgement debtor fuck.

 

[NoBacon]

How does one get into cold storage, btw?

there’s lots of ways, I buy on Coinbase, then send it to my cold wallet from there, then I put it on a hard drive I keep hidden.

have to absorb the fee’s but it’s worth it imo

 

[PlayfulScamp]

I love the media focusing on crypto’s volatility as such an outlier but just shrugs at the currency fluctuations going on due to inflation.

I’ve lost close to 40000USD off my salary in the last two years living in Europe… that sure sounds like significant volatility to me and in one of the more trusted global currencies. But sure… BITCOIN IS DANGEROUS

Thankfully, Pat, I’m well-off and not fat.

 

[Prince Bvstin]

I dumped everything into Saudi Arabia, arabs just about the only financially competent people left on the planet.