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PatrickforB

(14,573 posts)

6. LOL, yep. NEVER invest in something you do not understand.

Thu May 12, 2022, 11:08 AM

May 2022

I sure don't 'get' bitcoin. If you read up on it, you might get through about a page, then have an out-of-body experience.

Fiat currency at a whole new level.

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Highlight:

$1 Trillion Crypto Meltdown--Huge Crash Wipes Out The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano [View all] speak easy May 2022 OP

ROFL greenjar_01 May 2022 #1

HA HA! OldBaldy1701E May 2022 #4

+1 n/t sybylla May 2022 #46

I'd love to see it meltdown and disappear. It's a disaster for our environment. Magoo48 May 2022 #50

THIS !!! eppur_se_muova May 2022 #60

... speak easy May 2022 #7

Tulip bulbs are worthless??? Stuckinthebush May 2022 #21

There is actually a joke crypto called TulipCoin speak easy May 2022 #22

Love it! Stuckinthebush May 2022 #23

So it's free! IronLionZion May 2022 #32

Whales are welcome! speak easy May 2022 #33

"I wonder if it will be my friend?" nt Shipwack May 2022 #47

The stock market is down. Not 27 percent but 15 percent or so jimfields33 May 2022 #14

The Value Drops In The OP Snip... ProfessorGAC May 2022 #49

You make a good point for sure jimfields33 May 2022 #51

QE Elevator an open mine shaft bucolic_frolic May 2022 #2

The clown show of the NFTs is really gone full circus now greenjar_01 May 2022 #3

NFT's are already beginning to flat line. FalloutShelter May 2022 #11

A friend has 3 bitcoin she bought for an average of $1800 a piece. CrispyQ May 2022 #5

She's read that in a few years it'll be 100,000. oldsoftie May 2022 #39

When I was young I would have hung onto a $4800 investment that was still at trading at $30k, too. CrispyQ May 2022 #42

LOL, yep. NEVER invest in something you do not understand. PatrickforB May 2022 #6

some wise wall streeter disndat May 2022 #67

Wow, who could POSSIBLY have forseen this? hatrack May 2022 #8

The people who got in early and... Mr. Evil May 2022 #12

This Crap Was Always A Scam... GB_RN May 2022 #9

I mean, money itself is kind of a delusion. Oneironaut May 2022 #70

That's not true. And basing money on some gold standard is just as stupid as bitcoin. hunter May 2022 #73

It's just another vehicle to transfer wealth to the oligarchs of the world. Uncle Joe May 2022 #10

How exactly does it do that at all? oldsoftie May 2022 #40

I never could figure out what cryptocurrency even is. HUAJIAO May 2022 #13

"Rat poison squared". . ."Trading in turds" DinahMoeHum May 2022 #15

Bitcoin is stupid 'cause it's very likely to go to zero,' says Charlie Munger keithbvadu2 May 2022 #38

Then Buffett put 1 Billion into a crypto bank. oldsoftie May 2022 #41

But...but...but... orwell May 2022 #16

"A fool and his money were lucky NCjack May 2022 #17

I am literally LOLing at that! CrispyQ May 2022 #43

Yes it is! It's not "Citizen Kane"", but it was a fun long running sitcom. Shipwack May 2022 #53

I vaguely remember from Econ 101 that a currency must be Tomconroy May 2022 #18

This is a great time to invest in tulips! nt Xipe Totec May 2022 #19

This message was self-deleted by its author speak easy May 2022 #24

Nah, I got a better deal for yiz... land in Florida! 3Hotdogs May 2022 #57

You won't be on the ground floor for long... louis-t May 2022 #68

Tsk-tsk. n/t TygrBright May 2022 #20

Good! nt Samrob May 2022 #25

Wow! Never saw that coming. Of course we did! patphil May 2022 #26

If you invested $100 in Luna one month ago, the fourth most popular cryptocurrency at the time, ... mahatmakanejeeves May 2022 #27

A Luna-tick :) speak easy May 2022 #28

A couple of months ago the town of Mesa AZ announced that they would accept payments in2herbs May 2022 #29

Funny thing in the middle of the article William Seger May 2022 #30

So what is Musk going to use to buy twitter....after all he was going to use some bit coins.... turbinetree May 2022 #31

Thankfully crypto is unlikely to take down the global economy IronLionZion May 2022 #34

Some of the crypto's with pegs bought a lot of corporate bonds to back their coin. Lucky Luciano May 2022 #44

Anyone that gets involved with 'crypto', non-existent, louis-t May 2022 #35

I was in my last year of college then Unwind Your Mind May 2022 #56

... BumRushDaShow May 2022 #71

"lost its peg to the U.S. dollar," - not such an independent 'currency' after all, eh? keithbvadu2 May 2022 #36

Playing with fire. It's Monopoly money, of no legal worth. n/t Akoto May 2022 #37

Coinbase experiencing major outage as crypto prices plummet dalton99a May 2022 #45

I hope Melania is OK canetoad May 2022 #48

I remember reading articles some time ago BumRushDaShow May 2022 #52

I was trying to remember the details of this incident. louis-t May 2022 #69

I never could have anticipated sales of NOTHING could drop in price? Brainfodder May 2022 #54

My Bitcoin hoard hasn't changed value. Aussie105 May 2022 #55

Like most of these investments... if you bought early you're fine rpannier May 2022 #58

Best analogy I heard 7wo7rees May 2022 #59

I hope this criminal-enabling environment-degrading "currency" dies. nt SunSeeker May 2022 #61

I don't understand bitcoin, or the comparison with tulips in this thread. JustABozoOnThisBus May 2022 #62

Youtube: "How Tulips became the Bitcoin of the 1600s" (seriously) speak easy May 2022 #63

Thanks for that history lesson. I'm rich, in 17th century goods. JustABozoOnThisBus May 2022 #66

PS. I really like tulips. speak easy May 2022 #72

"here's a screenshot from 12/10/21. you'll never guess what happened next" mahatmakanejeeves May 2022 #64

Boo fucking hoo, why anyone bought into this scam is beyond me. we can do it May 2022 #65

'Magic' money. Wouldn't touch that stuff. Joinfortmill May 2022 #74