...the biggest crypto took a 20% shit though

yeah?

we are in a bear mrkt

Im confident it will end soon

I don't doubt it bit it kind of knocks the argument for crypto being a good hedge.

its volatile

of course

its new

disruptive

speculative

I get why theoretically it's better than fiat but that's pretty long term and volatility in currency markets is pretty short.

cryptocurrency is so weird tho

it's literally just exchanging electricity into digital money

it's not even representing something physical per se

that's how banks do it

like I mean

i mean, say what you want about the dollar

but it has some sort of backup

they're both pixels on a screen whether it's GayPal, Shitcoin, or a bank account

in the end bitcoin is still controlled by groups anyways

china has these huge ass caves that only mine bitcoin 24/7

of course

how can tech savy people invest large amounts in bit coins?

the next revolution in computing speed will make all your bitcoin amounts worthless

and a crash your paper money not?

invest in realdolls

bitcoins were always highly unstable

only used by drug dealers and Greeks

at least paper money can be backed by something

and I'd rather trust something like the Swiss Franc which has been stable and predictable for a century than some 1s and 0s

then in the end, every currency could crash. The point of bit coin is: we know it will inevitably happen

ye try getting a bank to prove they have that much money

crypto is a fucking joke

95% of transactions are drugs/fraud etc

it can be tracked

chinks artificially inflate it

@Tonmonkeyla see monero, verge

I'm confused. Why do people keep saying China is futuristic ? Do they mean like dystopian kind of futuristic ?

It's moderately modern in the cities, but it's so far from futuristic, I don't know why people keep saying that. I think people equate the future with a million skyscrapers

I don't

I have never heard this. It's pretty cyberpunk though. Seedy underbelly under a veneer of government control with mega corporations