BS

usedmattress85

I’ve been where you are a few cycles back. Once I learned of the 4 year cycle I have sold close to the top and bought close to the bottom with excellent success. I’m not shilling but after years of absorbing BS I have whittled down the entirely of my “BTC influences” to 2 things. Ben Cowens YouTube videos and the Larson Line. I sold my entire bag around the $110k mark (ironically when you were buying) and I’ll be buying back sometime around October unless something dramatic happens. Point being, DCA if you want to, there’s nothing wrong with that but maximum gains can be made by playing the cycle…selling near tops and buying near bottoms. EVERYONE on this sub constantly acts like that’s impossible but I’ve done it 2x and about to make my 3rd round trip doing that. Just food for thought.

Gurnika

You buy within ranges that you set beforehand and can adjust according to how rapid and big a correction is. DCAIng is not complicated. Fine wait, maybe you’ll get BTC at 40k; (so will I by the way, just not my whole stack at that price) but what if it drops further again? Your logic falls apart. If you can pick the top and bottom of this market and are just waiting while the rest of us flounder about let the rest of us know your secret mate. You’d be the first human being in financial history rather than just a fellow donkey. This is why they say that both bulls and bears make money but that pigs get slaughtered. It has nothing to do with either rocket science nor the theological BS you characterise it as. It’s about removing emotion from your buying and selling to build wealth over time. Eeeaww

DerkleineMaulwurf

FUDding, market manipulation BS, how many cycles did we have now? Its the same every year, its a volatile asset, meanwhile AI ans SpaceX will literally murder the stock market, again this FUDding.

moneroisfuture

Love when smart guys like you appear, just telling the same BS as you say every. single. cycle. Keep spreading it, please, make it cheaper for us to buy. Thanks for that.

Quirky-Reveal-1669

BS. You’re here to boast and brag about your diamond hands.

penty

And where does the rainbow chart predict highs and lows? Nowhere. Where does the Bitcoin chart predict cycles? Nowhere. Where does she rainbow chart say highs WON'T have dimishing returns? Nowhere. >In fact we're in the very bottom band at the moment (purple... 'bitcoin is dead.') Which means that model still holds true. You JUST said the model is broken.. but then you say it holds true SO FAR.. which is it? You can't even be consistent with your own stance. So we're are the bottom at the bottom of cycle.. shocker. >So now back to OPs question. No , we're not. And the OP presented a multiple choice answer... This falsely trying to control the narrative i.e. using a strawman. Frankly this discussion is boring, you've contracted yourself enough there not point in continuing. You do you. Sell or don't. Defend BS "algorithms" or don't. Maybe Bitcoin isn't for you.

John_Pig

BS, fucking beggar.

Physical-Profit9447

People were shilling this BS when it was around 40 dollars. "DYOR own research, have fun staying poor bro."

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cosmicnag

Not for the shitcoin bagholders in this sub but judging my the market at large, and real liquidity (not market cap BS) - there never was and never will be any second best.

Prnce_Chrmin

> nobody wants Bitcoin long-term if it drops back to 10k We already covered that 2 times. Millions of people love Bitcoin and there is certain price points they would buy up all the Bitcoin they can get. That would probably already happen at $30k, maybe more... And yeah I do want Bitcoin long term..... Of course what happens to many Altcoins that they never reach their ATH again could happen some day to Bitcoin too... But the same still applies as said above. And so far there is nothing that could take Bitcoins place. I do love having Bitcoin and I been able to live from it since 2017. Obviously at certain prices I will buy back a lot. I mean Solana is fun when you pay for something and basically the same second its paid and you get delivered your (digital) product. I would love to buy that back at $10 or $20 too. But I dont trust Solana that much, it was last year when their network was pretty congested. And lots of issues. And I guess its somewhat centralized and commercialized. And the enshittification of exchanges/wallets as Jupiter or Metamask is getting annoying tbh. With their constant ads and pop-ins and BS. But if you are poor which you seem to be, I totally get your point. It would not make much sense to buy Bitcoin now. It would just be a gamble. And probably not too much benefit for you. But a lot of coins are now at their all time low so there is opportunity if you can find the few, the extremely few good ones, they can go 50x and more. So thats why Crypto is awesome including Bitcoin. Then when you have a 50x or 100x put some in Bitcoin, thats what I did.

nafnaf0

Yep. Enter whatever BS \_\_\_\_\_\_\_\_\_ narrative you want right now and for all the previous movements. It doesn't matter.

Physical-Profit9447

AI (LLMs specifically) becomes more relevant, profitable in 3 years than crypto in 17 years. I am not saying there is no bubble in AI economy but it is exactly like beginning of the internet. NFT and blockchain have never been. BC is total overhyped BS.

Django_McFly

There's an alternate reality where: * Cardano launches smart contracts when stuff like Solana, Polygon, BSC and Avalanche were just coming out too. * They either paid for USDC or had their own bog standard, normal, treasuries in an account, no algo BS stable coin. Token might be in the shitter still, but at least there'd be defi and activity. The price would be struggling but the actual chain and ecosystem would be ok.

WickedDeity

You can but the fact is most people on Reddit are not doing that because there are actual social media sites that are better suited for that. Reddit is 99% BS discussions like we are doing right now.

Basic-Feedback1941

You people still believe that BS?

bmoreRavens1995

He lost everybit of what he gambled in that BS. It it was 3k he lost it all that was donated to trumps slush fund...lol

Budo00

Yes and no. i wanted to end the monthly payments and free up that cash. I wanted to convert my old 401k into a bitcoin IRA and be done with my old company. I do not believe in my old company or the BS stocks they had me involved in. I wanted over 1 bitcoin and these 2 moves got me past my goal. Doing my taxes, I “broke even” I have self custody of my bitcoin IRA.

liquid_at

I still think that the media listening to former Altcoin hypers who turned into bitcoin maxis, explaining that every alt coin that doesn't die must be high in price due to memes, was the biggest blunder in crypto history. People taking Bitcoin maxis serious just because they fomo'd into a coin that got pumped by wallstreet... that's the biggest BS story in crypto.

MaizeAltruistic8683

You don't have to believe every crypto project has value to see why some people are interested in it. Plenty of projects are hype, but things like Bitcoin have survived multiple crashes, bans, and bear markets while still attracting users and investors. It's completely reasonable to be skeptical, but I think the strongest argument against crypto being "total BS" is that people have been saying it's dead for over a decade and it's still here.

DecafDonLegacy

This whole Iran trying to switch over to BTC, and USA getting involved seizing wallets. Iran is now trying to offload as much Bitcoin as possible. Tied with all the other BS, like people seeing Strategy taking huge hits.

Iprobablyjustlied

What is this pseudo science BS lmaooo I hate these charts

supper-dipper

Honestly, fair take. Most of it is hot garbage lol. But the reason it's not *all* BS? Bitcoin is just... there. No CEO, no printing more, no one to beg if your bank freezes you out. That's kinda cool ngl. Rest is noise. But that one thing? Not nothing.

cyberplanta

Wait 3.5 years and tell me if the cycles are BS. The mining halving reward is the main influence on the pricing cycle.

CompetitiveDrawing89

What BTC is good for? What does it bring to society other than electricity bills for running scripts to count this BS? 16 years and still just good for scammers and drug dealers

crow_nagla

agree; my prediction we'll never see 80k again appeal to sell and cut your loses or just exit this headache - will be too high at this point even people not convinced will give up after they see this pattern repeated few times (with local ATH lower and lower every time) all this cycle mythology is BS cycles don't owe you nothing and can also work to your disadvantage

sandyflame

he has to sell.....yes this was a test....now he will be looking for a a y of spinning it. next few days will be a a glut of interviews of BS about why selling is te right thing very short term. The dump represents a lack of confidence , because he is showing a lack of confidence

ReNewableLifestyle

BS

CyanTurquoise

BS. Nobody is happy about it. But I am going to stomach this drop.

swertzz

What 4-year cycle BS, locally structure is completed & the explosive movement to the upside is very near!

Flyinghogfish

I think he means to prove it to those monitoring the companies own situation not just in general. Its not him flexing, its proving the asset his company has sunk money into isnt BS to the people that can get him more money to invest with.

Wonderful_Writer_133

That definitely is a load of AI BS.

Newlife_40

I’ll tell you the truth. If anytime someone blames it on macro or micro BS they don’t know what they are talking about. You are literally waiting for whales and market makers to pump this along with every other crypto once every few years to get people’s money then pull the rug out. It’s that simple. Full stop.

wulfrunian77

I've long since given up on all the pseudo finance BS around crypto I've got an amount that won't kill me as it approaches zero, but it's looking like an industry in slow decline as time passes. But hey there's a small chance I'm wrong so may as well hold on

AfterC

Yes, and this is why the "Saylor sold to demonstrate BTC has value" argument is dumb. It already is being transacted, in that quantity. The original tweet is just some made up BS.

Colekaine

Idk about the future of alts but BTC was born out of a worse level of BS than this and weathered a lot more BS events in the world and we just watched it go from 16k to 126k despite that. I think I'm more worried about the fiat market being up for so long.

Blackiris-Code

I hope someone has the courage to try to debunk all the misconceptions we can see in your questions and answers to commenters. I don't, sorry. There are probably some tokenomic explanations on internet that have enough truth in them. Unfortunately you can't tell what is BS or not... You can also look at how market works in general, especially stock market. Some high-school / university lessons are free online.

Medium_Change4574

1.5 years of the same shit, last year with tariffs, then greenland, then war.. as soon as alts run some Trump does some BS. Can't wait for the day he's out

ozera202

Imagine buying btc the boomer coin when you can buy alt coins that actually make you money and not sell you BS that it’s going to save the world . Buy you alt coins make your money then leave while dumping on the new comers , this is what crypto should be about nothing more nothing less . Pass those bags onto some other loser to carry for 4 years

Tongtrade

All of these blockchains promoting BS to idiots and look what happens. Same idiots are calling Cardano a ghost chain and it's the most secure, reliable network. GG dummies.

Rare_Audience5832

I bet it's just a reaction to make a point for some other BS legal case. Or Wrong Craig.

jeremiahcp

You are an idiot if you think the crypto market exists in a bubble isolated from the broader macroeconomic implications of this war. The market dropped because the peace talks (which were always just BS) failed, and the war is not going to end.

Aerocryptic

>And bring you back to reality that the world doesnt depend on your pitiful wishful thinking that line goes up lmfao where did you see that I was wishing to see the line go up? For someone who "wants to bring balance" you're only bringing pure BS so far. Everytime I've talked about PA I've laways argued that your PF should reflect your take on the market. If you're bearish, then you should be out of the market for the most part. And you should be happy RN that number goes down. Now for the rest, all you're talking about is your projections about me that don't interest me the slghtest. If you don't have anything valuable to add, just shut up and move on.

Aerocryptic

And what value do you bring yourself exactly? How ironic. Projecting once again. But let's take your BS at face value. So everyone's bearish. Great, now what? If you're bearish now, you're a bit late if you planned to sell. I sold the majority of my stack when BTC was above 100K btw. Are we looking forward to what's the best thing to do with our money or we're just complaining like NPCs? Seems like you've chosen your side.

stock-prince-WK

Seriously BS

50sat

I gave a ton of info to one of the main services. Clarified contact info, websites, token locks, etc... for two services actually that I believe are basically legit. That got me a couple of tokens unlabeled at a couple of 'end points' (DEX UI, scanner sites, etc...) but not all. I let them run mostly untouched for a few weeks (this only started 6-8 weeks ago). There are bots that will trade them but it removes the tokens from, apparently, a good bit of the back-and-forth of defi which, unfortunately, is a bot-driven web of 'social markets'. Anyways I don't even want to outrun them. I want to clear up this BS at the real sources of the actual problem. Even full-doxxing and going 100% social-forward doesn't mean that whatever dark API is tagging me will be resolved. The real problem can be literally anywhere in the entire 'social' tool stack. I can try 100 wallets but if something is monitoring Remix workspaces who cares? So yeah I haven't yet done anything even mildy suspicious or shady to 'outrun'. Yeah I don't want to turn into basically, a shadow of the accusation.

Commercial_Mouse1008

Crypto has always been trash. Bitcoiners have been saying it for day one. The no bank thing was always true about Bitcoin and remains true to this day. You don’t need a banks permission to have a Bitcoin wallet, to move money, to store wealth. Bitcoin has always held up to these promises. It’s just people got sucked into the crypto BS.

Sugar_Phut

I call BS. Especially after clicking your profile.

HSuke

The bigger problem with this post is that it's probably made up or AI hallucinated. Vitalik hasn't made any post-quantum roadmap pots since February. And it certainly didn't involve using BLS. Until OP posts a source, I'm calling BS on this post.

gihkal

No one cares about the BS app or business you're trying to start. Your post is going to oblivion. There is no problem. You invented it in your head. If you can't blatantly see the solution then you shouldn't be involved in economics as the same solution has existed for thousands of years with individuals holding raw metals.

No-Masterpiece2246

All of that BS will be as worthless as NFTs in a couple years

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Post is by: Impressive_Zucchini8 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1todqko/i_built_an_ai_copilot_for_crypto_research_because/ Hey everyone. I've been in crypto for years — farming yields, sniping breakouts, running deep on-chain due diligence. And I kept running into the same problem over and over. Every time I wanted to research a token, I'd open: \- Dune for on-chain data \- Arkham for wallet tracking \- DexScreener for price charts \- Twitter for sentiment \- Etherscan for contract audits \- Maybe a few more tools depending on what I was looking for By the time I stitched everything together, the opportunity was gone. The whale had already moved. The pump had already started. I was always playing catch-up. I asked myself: what if I could just ask? What if I could type "whale alert for ETH addresses holding >$1M USDC" and get real-time alerts? What if I could say "analyze this token for honeypot risk" and get a full security audit in seconds? What if I could deploy an agent that watches the market while I sleep? So I built heyRISA. It's not a chatbot. It's an AI co-pilot for crypto intelligence. \*\*What it does:\*\* \- \*\*Conversational research\*\* — Ask questions in plain English. "Show me the top 10 wallets holding this token" or "What's the liquidity breakdown across DEXs?" The AI pulls real-time on-chain data and gives you a clear answer. \- \*\*Agentic monitoring\*\* — Deploy agents that watch specific wallets, track whale movements, and alert you when something matters. Set it and forget it. \- \*\*200+ chains\*\* — Not just Ethereum. We index across Solana, Base, Polygon, Avalanche, and emerging ecosystems where early alpha lives. \- \*\*Security audits\*\* — Detect honeypots, analyze contract code, and flag risky wallets before you ape in. \*\*How it works:\*\* 1. Go to \[heyrisa.com\](https://heyrisa.com) 2. Start chatting — no account needed for the first 5 messages 3. Ask anything. The AI will pull on-chain data, run analysis, and give you actionable insights. \*\*Free tier:\*\* We're giving everyone 5 free chats daily. No credit card, no BS. Just try it. \*\*Airdrop:\*\* We're also running a $RISA airdrop. Complete quests (follow us on X, join Telegram, chat with the AI, invite friends) to earn RISA Points. Top holders get whitelist priority, higher caps at TGE, and 24h early access. \*\*Why I'm sharing this:\*\* I know there are a lot of AI tools in crypto right now. Most of them are wrappers or hype. This is different. We built the tool we wished existed when we were actually trading. We use it every day. It's saved us hours of research and helped us catch alpha we would have missed. If you're tired of the tab-switching grind, give it a shot. It's free. If you hate it, no harm done. If you love it, you'll never go back to the old way. \*\*Links:\*\* \- 🌐 \[heyrisa.com\](https://heyrisa.com) \- ⚡ \[app.heyrisa.com\](https://app.heyrisa.com) \- 📚 \[docs.heyrisa.com\](https://docs.heyrisa.com) \- 🎯 \[Earn $RISA\](https://app.heyrisa.com/earn) \- 🐦 \[X: u/heyrisacom\](https://x.com/heyrisacom) \- 📱 \[Telegram\](https://t.me/heyrisacom) \*\*Feedback welcome.\*\* This is v1. We're shipping fast and iterating daily. If you try it and have thoughts — good or bad — drop a comment. I'm reading everything. Built for degen traders who value their time. 🚀 \--- \*\*TL;DR:\*\* Built an AI co-pilot for crypto research. Ask questions in plain English, get real-time on-chain analysis. 5 free chats daily. $RISA airdrop live. \[heyrisa.com\](https://heyrisa.com) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

RosieDear

I was around in 1980 when my bro (he was 50 years ahead of the current BS) told me to buy silver galore and gold. The return was a joke. Even if I held it to today. I did buy some in 2018 or so and did OK on that, but then again the S&P is close and prob lower risk, Again, it's the anecdotes of the few who make money.....weighed against the millions who made very little.

gnufoot

Such BS. It's not even grammatically wrong or anything. You can just say "their people" because the Iranian government is killing their own people, which is emphasized that way? Whereas saying "our people" emphasizes victimhood. I think "their people" makes more sense even if he is Iranian...

-bit-thorny-

Been discussed to death for many months. Waste of time. It's BS.

CipherScarlatti

So, with the BS "Peace Deal" Trump's making up, we can bet stonks will go up Tuesday. What do we think crypto's going to do? Mirror the market or the opposite? Discuss.

jeremiahcp

It doesn't matter. The fact that he is a politician is not a justifiable reason to excuse him from the law. That is not even remotely a valid justification. That is total BS. He can argue prejudice or whatever else he wants in court, under oath before a jury of his peers, just like everyone else. And let's be realistic here; there is no way that one sheet of paper is going to hold up in an actual court of law.

Patient-Ordinary-359

cause crypto is imaginary value, built on digital BS that no-one cares about. If the whole crypto network crashed permanently tomorrow, almost no-one would notice.

ThisusernameThen

this is a BS bingo post yeah. 3/5

Middle-Musician-7245

This post without SS of short position is BS

palebloodslayer

I saw the exact same post yesterday, but instead he would’ve made 21 mil if he did S&P. I call BS

Previous-Law8874

Crypto is BS because you are down , it made complete sense when it was up up up when Trump said ‘ Bitcoin reserve ‘ , ‘ crypto capital ‘

mrmattipants

Exactly. In this type of scenario, you certainly never follow the link in the email. Instead, you type the website url directly into your browser address bar (google.com, gmail.com, drive.google.com, etc.), then open your Account Settings and check if there is a "Pending Verification" Message. If there isn't one, the Email is BS and you either ignore it or send it to junk. It's that simple. Unfortunately, once your account has been breached, the chances of recovering it are slim to none. You just have to pray that the intruder doesn't lock you out, because once they do, it's over. Neither Google or Microsoft are going to help you, for obvious liability purposes.

NectarineNegative769

It's BS. Now bonds are ticking up, btc is reducing. Bonds pay coupons, crypto pays nothing 

jeremiahcp

Sure, call BS if you want, I see no reason not to believe it, and just because I do, that doesn't mean I endorse the actions of that human shit bag Trump and the US government, I am just recognizing that the Iranian government is just as fucked up and it seems likely to me, that as they were getting bombed to fuck, they might have lost track of some mines.

jeremiahcp

WTF are you talking about? People have been calling Trump's crypto BS a scam since day one.

jeremiahcp

I didn't make claims about any source shit for brains. I avoided that BS on purpose.

ARoundForEveryone

Cash out now. Maybe leave your initial investment amount in there as a gamble in case it continues to skyrocket, but take your profits. Put it in your bank account. Then seek traditional investment advice, either in non-crypto subreddits or from your parents. Maybe they'll say just keep it in the bank for now. Maybe they'll suggest traditional stocks, bonds, and indexes. Maybe they'll say to keep it in crypto, but in more traditional coins like BTC and ETH. On the other hand, *and this isn't my suggestion just another viewpoint*, you're very young and likely not responsible for your own financial well-being. If that's the case, maybe it's OK to go balls deep on shitty and questionable memecoins and buying into whatever BS hype they're trying to sell you. Some memecoins just sputter and die slowly after their launch. Others rocket 10, 20, 50, and 100-fold in a relatively short period of time. And then, at some point and almost definitely, die out. And while you might not want to post actual quantities or fiat-equivalents, if you choose to do that, be consistent. You mention 15k eu, which I assume is Euros. Then later you mention dollars (USD, I assume). Don't make us do conversions and calculations if the fiat equivalent is important to the situation. Regardless, my recommendation is to withdraw and cash out, leaving just your initial investment amount. So if it goes down, you will have already secured profits. If it goes up, then, well, that's what you want, right?

MajorAnamika

Sorry coach, nobody will fall for your BS. You should have tried this  during the 2021 mania.

mallanson22

All currency is BS, only worth what value we assign to it. We literally made it all up.

Lovevas

It's BS when you lose money. It's not BS when you make money. So far it's profitable to me, so I will not call it BS, but if I start to lose money, I will call it BS. I only hold BTC, and avg cost is low 4-digits, so still time before I call it BS.

Surebuddy112

It is total BS, including bitcoin, only thing it has done in the world is allow crime, crypto casinos, scams etc

vargyg

99% of crypto is BS. The other 1% is also BS

NonVideBunt

Most crypto is BS. Time will tell if all crypto is BS.

Low_Carpet9764

Hold BTC/ETH and utility alts w maybe max 1-2 memes if u like a gamble. Everything else is BS

finnomo

Try to move a few thousand dollars through European payment service when you don't have a clear proof of income source. Then help me understand why fiat is not total BS.

clkou

It's probably not all total BS but there definitely is a LOT of BS. To me as a casual outsider, we have all heard the stories of someone buying a pizza back in 2010 or whenever with Bitcoin that could make you a millionaire today. I think the lionshare of crypto hype is just FOMO and wanting to not miss the next Bitcoin opportunity. The truth is that gambling or black swan events like that have always been around. If you had bought $1000 worth of Nvidia stock at IPO and just held it would be worth roughly 9 million today.

cryptolipto

I’m sure the DTCC just spent all the time and effort putting this together because they think crypto is just BS and a total waste of time https://www.dtcc.com/-/media/collateral-infrastructure-white-paper.pdf

amsas007

It's not BS if you want to scam people, gamble, or pay for illicit things. That's literally about it. Virtually 0 useful use cases, unless you consider bribing trump or rugpulls useful.

EasyEar0

What is the BS line? Bitcoin absolutely is a crypto and it's not even a particularly good one (to the extent than any of them are "good"). I'm convinced this is just something Bitcoin holders are saying in an attempt to disentangle themselves from the rest of the useless, scummy ecosystem that is crypto trading. 

BeardedMan32

It is, the problem is every fiat currency is also BS.

NaabKing

Crypto is total BS, Bitcoin is not. Crypto =/= Bitcoin.

KrapnikSucks

Just because you haven't made money speculating on something doesn't mean it's "total BS". First off, you probably bought during a speculative FOMO period, guaranteeing a loss for yourself. Secondly, crypto wasn't designed to be a pump and dump investment, its purpose is uncensorable money. Cryptocurrencies that are mineable, well-distributed, and have a community of people who use them for financial transactions are miniature monetary ecosystems. You can join them and leave whenever you want. Don't expect to get rich. But you can learn how to manage your own money without some corporation spying on you and controlling what you do with it. That is all

Icy-Way3920

dont buy anything besides BTC, ETH everything is BS and the founders of these coins only want one thing, extract as much money from it as possible, i know because ive worked with many token founders in the past, they do marketing etc all that just to extract money. simple, after they made their money they usually fck off and your gonna get rekt. they already made their money, they dont care

PandorasBucket

I've been in crypto since 2013. Everything that has to do with lending and defi is BS. Also saving arbitrary data on blockchains has an incredible value most people haven't figured out yet. You can verify any offchain information with a time and signature that is impossible to fake. The only reason all of our court evidence is required to be blockchain tagged is because 'good enough' is still good enough for now. This is going to change fast with AI and 'when' something was created will start to matter. Unfortunately most people do not have the IQ necessary to understand how the chronological order of media fights AI forgeries. They will once example has been made.

Patient-Process-2565

It’s all BS, bitcoin will rise slowly but everything else is a gamble, pump n dumps. Proceed with caution if your trying to invest

BringerOfGifts

No more BS than money. People created something with artificial scarcity and other people agree it can store actual value.

skatersezo

So you're one of those crypto bros who is a zealot. I'll tell you the same to any religious people, if it works for you, great, be happy, but it doesn't make it less a scam. I've used crypto, it's accessible, but to me is worthless and total BS, like religion basically, but I'm not opposed to freedom so I'm happy that you have the choice and I wouldn't vote against prohibition or anything like that.

snosberry_snot

Its just as BS as FIAT dollars.

skatersezo

Crypto is total BS. Is just popular because it's a great tool for scammers and criminals. For example, imagine some crypto X that's worth barely nothing, like 0.000001$, then you can create a "stable coin" and claim it's backed 1 to 1 with USD, and you can give yourself million of that stable coin to buy crypto X, then inflate the value and make people believe it's worth millions, then you can sell that X coin to dumb people and pocket the profits

drkslr

it is BS ,

Civil_Store_5310

Other than BTC i think most are BS (maybe ETH too)

mrtac96

crypto is total BS except the coin which start with letter B thats BTC

DirtyD8632

Honestly it is BS but then again so is fiat. Fact is they are both something we use to acquire what we need and neither have any real actual value but are also the most manipulated things on earth. Crypto is literally a pipe dream for most actually while fiat was the pipe dream for the rich we have today. Don’t get me wrong, I invest in crypto and stocks etc but in the end if it won’t help you survive if the world goes to shit then it is useless. Crypto in the end is a stock with no actual company. In other words if cuts the middle man out is all. It is up to the people to make it survive.

PsychologicalMeal162

The underlying tech is BS. The energy requirements make it unfeasible for mainstream use.

voxcon

Crypto is BS. All of it. It became BS the moment people started to see it as an "investment" instead of a currency alternative - which it was intended to be. Since that moment and especially since "institutional investors" are involved everybody just hopes that a wealthier idiot will come along who they can sell their coins to for a fiat profit. Everything else doesn't matter. Additionally, KYC and tax rules were implemented almost everywhere so that most of the theoretical advantages of crypto have been erased. Personally, i've stopped holding crypto years ago. And i'm happy with my decision. It has been entertaining when i was involved, but i'm not willing to bet on an asset class long term that has lost all of its perks. Simple as that.

OutlawLazerRoboGeek

You can't. But then try to explain fiat money, and it's only slightly less BS. The distinction probably comes down to whether you are referring to crypto as a store of value, or whether you are referring to using it as a medium of exchange. As a store of value, it (BTC and the top dozen or so currencies) has performed better than any fiat currency over the last 10 years or so. As a medium of exchange, it's a lot more shaky. Stablecoins are super legit, but only by pegging their value to an already established fiat currency. Other coins who's values float independently are usually way too volatile to act as exchange, and aren't accepted directly by almost any business. Theoretically as (if) adoption rises, the volatility eases, and usefulness in exchange should solidify around one (or maybe more) generally accepted currency.

Ambitious_Use_9578

Yeah, I'd like to see them try it.  Are people really stupid enough to think a country that's been bombed into the stone age, and uses motor boats for their navy, can actually collect on that BS? Get back to me when Iran is back to full oil production...

notissho

It isn’t total BS because a large number of people believe it isn’t, and anything widely trusted and consistently exchanged for value naturally gains value and utility over time. Same way gold was exchanged for paper centuries ago and now we have paper currency; except every crypto has a limited number of available coins so more adopters/ investors = more value since it cant be printed like paper. So long as there's a good project, a good number of people BELIEVE in it and it's uses, the it isn't total BS. Just be careful which project or coin you buy and hodl, can't go wrong with btc