Message from @Roko
Discord ID: 535164079099084810
: ((( tfw no trap gf
bitcoin has been going down in worth
a lot
buy gold
also there is a recession coming next year
gold and silver coins
I work with Bitcoin and have looked at several price trend models. 2500 is the technical lowest value it can get this year
Ppl are saying next month
I rather hear economists lol
fair
and I'm gonna waste all my money on a trip just before muahahahhaa
lol
Google "bitcoin longterm chart tradingview"
interesting
i became a millionaire after investing in bitcoin
gambling*
It's not gambling if you do research
It's literally designed to be resilient and increase in value
it's gambling, at least according to warren buffet
It'll be worth 250k-1mil by then
a company stock is based on a company, what's the base of bitcoin?
Trust
Your bank doesn't actually have all your money
Ever heard about the federal reserve?
not american
but yes I have heard
Banks lend money in your account multiple times. There are trillions of dollars which actually dont exist
It's said that most Banks don't even have 3-10% of the funds on them
When, not IF this system crashes. You would want to own one or many cryptocurrencies. Bitcoin is the most likely to survive for 10 more years. By that time it'll also increase in value instead of decrease due to inflation
They are supposed to have a government mandated reserve.
Okay. Have you ever heard of a bank run?
banks are heavily regulated, I don't think this is right
I'm an MBA, of course I have.
Bank runs were a major factor in the great depression.
nobody cares that you're a basketball player
:^)
^_^
You can Google it. Reserve requirement ratio.
"The Federal Reserve requires banks and other depository institutions to hold a minimum level ofreserves against their liabilities. Currently, the marginal reserve requirement equals 10 percent of a bank's demand and checking deposits."