i collect real apes.

 

Bitcoin! The only one!
It will be stable! The Currency of the Future!
If you understand Bitcoin you understand why all other cryptos and fiats are damned to fail!

 

We used to have a gold-backed monetary system. You could only print as much money as you had gold. All countries world-wide covered themselves in the last years massively with gold. Some say the monetary system is at the end. The future lies as you say on the one hand in cryptocurrencies but also in digital central bank money.

With the beginning of the First World War, the obligation to redeem banknotes in gold was suspended by many countries, so that the gold standard was practically abolished in the years after 1914.

The system began to falter again with the Great Depression. In July 1944, representatives from 44 countries decided on the Bretton Woods system, which was supposed to combine the advantages of the gold standard as a fixed exchange rate system with the advantages of a flexible exchange rate system. This system failed in 1973. The Vietnam War was so expensive that the Americans abandoned the gold standard, since then money is printed as much as they need.

 

DM me if you want to buy an ape*. every musician should have an ape.


*all apes come with certificate of authenticity. shipping fees apply. apes are heavier than you think so check your local shipping costs and quarantine laws. no returns.

 

For me this is the same kind of snowball system as every currency. It's only a long term snowball kind where some people make money and a lot people loose money. Since there is no more gold standard every currency is only paper and metal or for crypto bits and bytes.

 

PM me if you want to buy some Luna - only $1 a piece, get them before I run out (only 995,414,805 left).

 

Ok, you can have the lot for $1.

 

I'm on the NY Stock Exchange right now, betting that @Crinklebumps wins against @refix.
Greetings from the financial casino

 

when it stabilizes at $0.50, i will buy exactly one and hold forever. will still feel ripped off TBH.


--*-- tired of the recession and pandemic? buy a real live ape. hours of fun. DM for details --*--

 

crypto sucks. buy an ape*. teach it to edit drums for you. DM for details.


*free shipping this week only. subject to quarantine laws.

 

The entire technology sector is taking a particularly hard hit. Facebook, Apple, Amazon, Netflix, Google - all the stock market darlings that you supposedly "absolutely have to have" are literally being torn to shreds. Billions in profits are disappearing into thin air.

Oh yes, and then there's bitcoin. This "new gold" is currently experiencing an unimagined rush to the bottom, which many a "gold prospector" might not have expected. This is exemplified by the US Bitcoin Trust with the abbreviation GBTC in the following chart. By the way, our (preliminary) price target here was already around 15 US dollars months ago. It is now not far to get there. But that is just a side note:

Spoiler: Image 1

So as an investor, you are well occupied in these turbulent days. The GENO Broker of the Raiffeisen banks offers an interesting tool that shows at a glance where the pools of blood are particularly deep. Below you can see: The technology stock markets TecDAX and Nasdaq100 have been the undisputed "winners" since the beginning of the year, if you will. And in other respects, too, it's all red!

Spoiler: Image 2

 

Last edited: Jun 18, 2022

BNB was the same as CRO right now trading at like $0.3xxx than released their own chain "Smart Chain" developers came in big money came in and BNB went from $0.3 to like $512 in 2 years time I think that was the all time high

 

Hey, been a while. Just wanted to say thank you for those recommendations. I found it hard to watch the first two, honestly stopped watching after a few minutes, can't stand that guy's voice, very tedious to listen to. But that third video was incredibly well made. I have gotten fairly sceptical about theories of an incoming crash and stuff like that. Lots of garbage out there about this stuff. But this video was one of the more convincing ones that don't come across as hogwash, but rather founded in history and science. Or at least so it seemed.

 

Assume you are being lied to all the time. Believe little - question everything and think for yourself. We live in an "everything bubble", the world is totally over-indebted, even some states, can no longer service your debts, they then take loans to service the loans.

Greyerz – The Financial And Economic Collapse That Is About To Engulf The World Will Lead To Enormous Suffering
https://kingworldnews.com/greyerz-t...lf-the-world-will-lead-to-enormous-suffering/

 

Ethereum mining no longer profitable - price collapse against energy costs (06/17/2022 by Andreas Link

In a calculation by Crypto Slate, ETH mining is no longer profitable in many locations. The fall in the share price together with the rising energy prices makes it hardly possible to dig to cover costs.

Energy prices have also soared amid Russia's war against Ukraine, and coupled with a declining market, it is becoming increasingly unprofitable to mine Ethereum. ETH is standing just above $1,100 at press time as the cost of energy rises around the world. According to a report by Crypto Slate5, it is already no longer economically viable to mine in the USA - and that at a calculated average price of 0.22 US dollars.

With a Geforce RTX 3090 and 130 MH/s, according to the calculation, and the current Ethereum price, it is no longer possible to mine to cover costs. In most parts of the EU it has been like this for a while longer due to higher energy prices. In Germany, the EEG surcharge will no longer apply, which will ease the situation somewhat, but even then the prices here will not come close to what is called for in the USA. As a result, many had already given up their "hobby" and offered cards in large numbers on Ebay.

Crypto experts recommend mining other crypto coins, but since those are also in the red, the choice won't be easy. Especially since the other coins will be harder to mine as the hordes descend on these alternatives. If you don't find anything interesting to dig for, you can also work on the spot market and hope for rising prices. According to Crypto Slate, in order to mine ETH again to cover costs, the price must at least rise above 1,400 US dollars and the price of electricity must be below 0.24 US cents per kilowatt hour.

Source German:
www.pcgameshardware.de/Kryptowaehrung-Thema-267078/News/Ethereum-Mining-nicht-mehr-rentabel-Preisverfall-gegen-Energiekosten-1397254/
https://www-pcgameshardware-de.tran...l=auto&_x_tr_tl=en&_x_tr_hl=de&_x_tr_pto=wapp

Spoiler: Short Interview

Does MMT also have something to do with modern currencies like bitcoin, which has just crashed so dramatically?
Bitcoin is not a currency in my view, it's a commodity. And it's a speculative asset, as we're seeing right now. The price fluctuations in bitcoin are much greater than in stocks. The cryptocurrencies will never replace state currencies, because taxpayers just can't pay taxes with bitcoin.

A colleague of mine has been investing more in Bitcoin after the latest crash. Shouldn't he continue?
Anyone who got into bitcoin at the beginning of the year is now down about 50 percent. The narrative from economic liberals that Bitcoin is protection against inflation is misleading.

Bitcoin can only rise if more and more people from outside want to enter the market. But why should people hold the Bitcoin in the future? It is not enforced by the state. It also doesn't earn interest. That's why bitcoin can theoretically fall to zero. There's not much that stabilizes it, except for an ideological fan club that believes it has found in Bitcoin a release from the evil state currency.

Actually, bitcoin is just a speculator's wet dream that may also burst tomorrow. I don't consider it a serious investment object, and I take a critical view of crash prophets like Marc Friedrich, who sometimes use fake news to persuade people to invest in Bitcoin because state money is supposedly about to end. A dishonest business model.

Source: www.berliner-zeitung.de/wirtschaft-verantwortung/putin-lacht-sich-kaputt-deutschlands-spannendster-nachwuchs-oekonom-im-interview-li.236556

 

Last edited: Jun 18, 2022

And it doesn't carry an inner value like stock from Bayer, Johnson & Johnson oder LVMH to name three.
There is no physical value or value of intellectual property e.g. patents.

 

Did anyone say Ponzi scheme? Oh, yeah, I love Ponzi schemes!

From my perspective, crypto is good only for one thing: speculating.

 

...and for the most people losing money.
As always most of the winners are rich people.

 

And drugs
I mean yeah sure you can still buy drugs online, but it feels like a chore nowadays..

 

Here is an understandable explanationf why stablecoins in particular have crashed so extremely:

https://theweek.com/briefing/1014448/the-stablecoin-cryptocurrency-crash-explained

 

Last edited: Jun 18, 2022