Message from @Roko
Discord ID: 535164922749911042
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
But yeah, I wouldn't invest anything I couldn't do without until 2025.
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.
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."
There you go. Carry on with the panic.
I just wanted you to be accurate in your fearmongering.
That also doesn't stop the federal reserve (which isn't a government agency) to print more money
is that reserve cash?
"How Banking Works - Prepper Edition"
Don't mind me, I'm amused.
Either way. This will crash one day. The debt ceiling in the US is in the trillions. Once you have abither big economic crisis, this all comes crashing down. Interest can't be paid and it'll cascade into the entire house of cards falling over. War will ensue and your dollars will be of equal value to that of the currency of Zimbabwe
what do you guys think of coach red pill?
Of course all my knowledge of this is from my own research. Do your own.
As that guy in game of thrones said(Lord baelish) , "assume the worst"
@themysteriousSage he's cool
it hasn't happened in japan though, where the situation is much worse
time is damn too fast