EVER

CrypoFiend

Because you converted the fiat u were going to spend to BTC. It also encourages adoption. WHY WOULD A MERCHANT EVER ACCEPT BITCOIN IF HE NEVER GOT ANY SALES IN BITCOIN?

Unfortunatedude

Just move to a different province then. Ez pz.. And also harms the province in which the illegal and unprecedented "laws apply. Good luck driving economic force lol. Seriously though what the FUCK is this? You can't stop people from swing trading volitilie assets.. That's exactly what you do as well. Greedy pigs. Are you joking? Lol.. Get rid of this ludicrous limit or watch the provinces you're trying to "protect" slide downward. Trust me when I say this is the worst idea I've came across in a longggg time. Idiots. Manipulators. Scammers. Cons. You're telling me you can't cover my wage with your spread? Seriously.. Worst decision EVER and it literally won't do anything but harm provinces. For the first time ever, I'm considering voting. But no.. I'll just move away and ignore this dumbass shit. Makes sense. 👍 🥴

norbert-the-great

Why would ANYONE, EVER, put money into a project by this conman?

RonPaulWasR1ght

Man, I'm a lot more fortunate than you, yet I feel the EXACT SAME EFFING WAY. I'm a small landlord, college educated x 2 (got a master's degree), received $200k worth of help from my parents in getting the landlord operation up and running a decade ago...have plenty of skills both educated and blue collar...yet I see absolutely zero hope for becoming wealthy, EVER, with the exception of my hope in Bitcoin. I'm saying that, even though you are less fortunate than I, we are nonetheless in the exact same boat, man. Just keep working hard, keep the faith and hodl/DCA/stack. We'll get there one day. I believe it.

liv2cod

That's a good observation. You're probably correct about their limiting internal compliance data. My multiple uploads came from their UI. I uploaded the drivers license scan and a photo of me holding a piece of paper saying "Coinbase" and the date. After about a half hour I'd get a message thanking me for "completing KYC" on my account. Another half hour later I would get a separate message saying they couldn't read my ID, complete with a little picture of a drivers license. So I got both an "accepted" and "rejected" message on the same attempt. So back to the site, make a new scan of my DL and try again. Rinse, repeat. After enough frustrating tries, I finally got ahold of a support rep and asked WTF. They said the piece of paper with "Coinbase" and the date wasn't good enough. It never had anything to do with the drivers license. Back once more, this time I got the "accept" message and.... wait for it.... no "reject" message following. When I spoke to customer support later I confirmed they had accepted my KYC proof. I'm actually a web dev myself and I understand how confusing work flows like this happen. You try to plan for everything but then monkey-patch stuff to cover exceptions that crop up. But having a message that says the scan of the drivers license failed and using it for any exception in KYC is a big potential source of error. Still, all this got cleaned up a week ago. So.... now what? Customer support has no suggestion for EVER unblocking the account hold. The hold ONLY prevents me from transferring crypto off their site. I can still send money and buy all the crypto I want. Obviously I'm not going to do that as I plan to end my Coinbase experiment as soon as I get off their site.

XBB32

I'm working for a bank and have never EVER seen anything like that... It's hard to believe they could revert a payment.

Bsmirlptrww

Why do you hold $50k in shitcoins? Shitcoins exist for one purpose only with no exceptions. That purpose is to enrich the creator of the shitcoin. Buying shitcoins means you don't understand the value of a supply cap. Shitcoins are designed to steal from you. Sell the immediately for BTC. And withdraw your BTC from the exchange where you bought it from. I'm not kidding. You currently don't own anything. You only own BTC when you self custody. They're why Bitcoin is valuable in the first place. Self custody is what makes Bitcoin valuable. Don't buy Bitcoin if you aren't going to self custody. Don't feed the scammers. And DON'T EVER BUY ALTCOINS AGAIN!

bishopbyday

If you do this, do not ever ever EVER (1) lose the pass phrase, or (2) give it to anyone. Some people, like _that Bitcoin family_, divide the pass phrase into several parts and hide them on separate countries or even continents.

step11234

This would make sense, if they had EVER had good customer service or have good customer service now during a slower period... which they don't. They just don't invest in that area as much as they should, for whatever reason.

Still_Lobster_8428

>One day this faucet of infinite entertainment will turn off. >BUT IT IS NOT THIS DAY Thank fuck for THAT! Safemoon social media is endlessly entertaining to watch! As Safemoon holders have lost financial value as the price of Safemoon continues to drop..... I swear I have received equal and proportionate increase in entertainment value! Greatest..... Clusterfuck..... EVER!

WillingnessFew9430

Here is a very important rule in what you started earlier: NEVER, EVER, EVER, EVER USE PUBLIC WI-FI FOR CRYPTO RELATED THINGS‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️

Jumpman707

Yep, nobody contacts you and say "hey mate" is EVER legit.

gooner712004

This is why I think we're SURELY due a correction? July was one of the strongest months EVER in the US stock market.

micjolly1

Just remember, there are 2 keys for each wallet. NEVER EVER EVER tell or send anyone your PRIVATE key for your hardware wallet. Nobody needs to know that. ONLY public keys. Public keys put money in, private keys take money out. Your Coinbase account just needs your PUBLIC key. Thats it. And, send a little test money first. Even a dollars worth, not much. Just to make sure it works.

benditbackwards

"With cash the Government can print more and give to the bottom class to keep them afloat" do you actually believe this?? especially during what we are are going thru now?? The government just finished printing the MOST they have printed EVER! Do you feel richer? (I'm assuming you are not one of the rich) What do you think caused all these prices to sky rocket? Its not just a supply shock, this is what happens when everyone gets free money and there isn't enough stuff to buy, prices go up! What happens when the money runs out?? Prices don't go down, because the supply of money has been inflated, therefore its is worth less, each dollar, no the high prices stay, and the poor get poorer..

ThomasMacVoy

All self-custody bitcoin wallets have the basic and essential role of generating a 12/24 word seed phrase when you go through the steps of setting up the wallet. The 12/24 word seed phrase can restore your wallet should your hardware wallet ever be destroyed, lost, etc. This means ONLY YOU SHOULD KNOW THE SEED PHRASE. NEVER SHOW ANYONE AND NEVER ENTER IT IN ANYWHERE ONLINE. YOU SHOULD ONLY EVER ENTER IN IF WANTING TO RECOVER YOUR WALLET IN ANOTHER WALLET SUCH AS ANOTHER HARDWARE WALLET, FOR EXAMPLE. If someone else gets your seed phrase they will be able to steal your funds. There are also advanced options like adding a 25th word / passphrase to your 24 word seed phrase

Cryptizard

>excess renewable supply which are unstorable This is the crux of your entire argument which you did not provide any evidence for at any point. You are just saying over and over "well throw around a lot of extra money and then back it with the bitcoins you can mine with free solar energy whoooooo." You are the one not arguing in good faith because you do not EVER back up your arguments except with your own off-the-top-of-your-head nonsense. Once again, for the third time, my initial claim was that new renewable energy is cheaper than energy from fossil fuels. Which I backed up with a citation. Which you never argued against. You are the one that started making random claims about energy oversupply which you NEVER backed up with anything. And finally, I will reiterate what I said before: if solar energy suppliers can use their excess energy to mine bitcoin and it is profitable, then WHY WOULD THEY EVER SELL THAT ENERGY. You think you are making an argument for expansion of renewables but actually you are just making a self-fulfilling argument for bitcoin mining.

Royal-Author-669

Thank you, it is part of my explanation of a Ledger wallet: Your crypto is and always will be on the blockchain. A wallet is a means to see the crypto to a specific address. The keys give you access to the crypto. This is why you can take a seed phrase of one wallet (metamask) and put it into another wallet (coinbase wallet) and have access to your coins. A ledger device only holds the keys and nothing else. The keys never leave your device. Basically a request is sent to the device asking permission to send crypto from the address. Your Ledger then approves the request by you pressing both buttons on the device. Your keys never leave the device. (However, you must understand the conditions of that smart contract) NEVER EVER EVER NEVER EVER enter your Ledger seed phrase into anything other than the Ledger device itself, a piece if paper or stamp onto a metal card. If your Ledger device is lost or stolen ( the latter is why you have a pin on the device) you simply purchase a new cold wallet and enter your original seed phrase ONTO THE DEVICE ITSELF and be back in business. You only use your Seed phrase if you have to restore your device and rarely will you have to use it. Life expectancy of a Ledger device is 10 years, hopefully it's the only time you use it or if you get a second device as a back up and again only enter the seed phrase ONTO the physical Ledger device.

Amoci

Don’t EVER side with CSW.

americunt2

I am for better shit. Electric cars are cool not because they reduce carbon emissions it's because they have 100% torque available immediately. Reducing greenhouse gases is simply a byproduct. BTC is superior to Fiat and central banks know this which is why they are rushing to disinform the world about BTC while simultaneously creating a CBDC. IF CBDC EVER BEATS BTC YOU CAN KISS THE WORLD AS YOU KNOW IT GOODBYE!!

trrrring

Update for those who care: this day is still very strange. For those who missed it; I suddenly was unjoined from this sub (I didn't do that myself) and my account was suspended without receiving a message why. I appealed at the reddit administrator level, and it turned out that my account was caught by an anti-spam-bot. My account got unsuspended immediately. However, ALL the posts I EVER posted are still marked as spam. And I just found out that also ALL my comments that I ever posted are marked as spam! Does anyone else have this bug / error? Of course I take it's a bug and not some personal action against me, because that would be too petty and strange for me to believe, I believe people at reddit are better than that. I allready posted on r/ cryptocurrencymeta to ask for help, but so far no replies and no improvement to my dire situation.

piggleii

The cardinal sin of r/cc: You must never, never, ever, EVER question Ethereum or you will get downvoted to death. Well I don’t give a shit about moons, so whatever.

whatisyouarembp

Be careful man people are about to DM tf outta you trying to scam you. Never give your phrase out. EVER. Hopefully someone on here can post a proper YT video or a step by step that others can verify. I’ve never done it or I would post it here myself.

11010110111110111

You shouldn’t trust ANY wallet long-term with large amounts of crypto that has EVER had its keys on an internet-connected device. Even for 3 seconds. Get a hardware wallet, even if it’s just to generate the seed for you in a safe offline manner.

-irx

Some advice, ignore all that macro bullshit and emotions. You do NOT know how market reacts to these events. Analysing techical data is pretty much all you need to look for. There is a saying "price über alles". Like why did the markets had one of the most insane bullmarkets EVER during economical downturn? Because it has nothing to do with economics.

AncientProduce

Crypto investment guy? Please tell me hes not paying into an account held by the 'investor'. Also no, he shouldnt be an emotional wreak.. he also shouldnt have taken out a shit tonne of loans. You never ever EVER invest with borrowed money. You can invest with money given to you but not loaned.

cosibayer1914

Soon BTC will be oversold. Nothing to see, other than a good lesson as to why you DON'T EVER BUY ON MARGIN OR CREDIT.

InsipidGamer

NOTHING is free... EVER !!!

tobypassquarant

Joke's on them. Nobody EVER goes to jail, regulation or not. People lost their savings in 2008 and nobody important went to jail.

Jimmychino

The most stupid idea ever... EVER!!!

turick

While I appreciate your self-sovereign attitude and your maximalism, you're being ridiculously unfair and ignorant. What you are saying is, there should be no business surrounding bitcoin. It should only be for people who personally mine their own bitcoin. Guess what, miners come from companies. Mining pools are companies. The hardware wallet you use to secure your bitcoin was produced by a company. Most of the podcasts you likely listen to are companies. The only way for 99% of the world to aquire bitcoin is through a company. I can't wait for the day when bitcoin is not something that is merely bought and sold, and it becomes something that is earned and spent. We aren't there, and we aren't going to get there by blasting every company that supports bitcoin. If River was producing shitty yield products, fuck them. If they were pushing shitcoins, fuck them. If they were involved in any shady activity whatsoever, fuck them. BUT THEY ARE NOT. Look back at my post history. I have fought supporters of Celsius and BlockFi and Coinbase and Kraken and FTX and every other company that only cares about PROFITS and pushes shitcoins and shit yield products, long before these companies fucked their users. Often times, on this subreddit, I got massively downvoted for doing so. I dont care. I support self custody, self sovereignty, ownership and property rights, and overall freedom. I have countless posts against wallet companies like ledger who support so many shitcoins and urge people to use bitcoin only hardware wallets ColdCard or Bitbox02 or Passport. I encourage people to run their own nodes and use true FOSS like Raspiblitz and avoid software like Umbrel that is not true FOSS. I encourage people to use quality software wallets like Sparrow. To sit back and blanketly accuse any business of being untrustworthy or against the principles of Bitcoin on the mere premise that they are a business is immature and irrational. I'm a toxic maximalist, and I will defend bitcoin at all costs. But I also recognize the good guys, the guys who want to see adoption grow and want to help people understand why bitcoin is the way... Search almost any bitcoin topic. Do it right now. One of the first results that will appear is the River Learn page... A huge store of knowledge they provide for free. Go look at 1ml.com. Look at the top 10 lightning nodes. River is number 4. River has dedicated employees in Washington DC lobbying and actively fighting for pro bitcoin policies. Get a grip. Pull yourself together. No country will EVER adopt bitcoin if there aren't a slew of companies available to support. Not every company is trying to fuck their users and profit at all costs. There aren't many, but there are a few that still wear white hats, and River Financial is one of them.

vplatt

> People into alts are on another level of intelligence. Hmmm... no. I don't think so. Never EVER assume the apparently smartest person in the room actually is. If you do believe in that person, just don't give them all your money. Otherwise you and your resources could end up looking like Enron. Enron had some REALLY smart "smartest guys in the room" and none of those folks were left with a thing in their retirement accounts. Alt coins represent a HUGE opportunity for that story to play itself out over and over again. I'm seriously surprised alt coin principals aren't more heavily audited, monitored, and regularly shutdown as a result of national governance. Decentralized my butt; folks have got to live somewhere. Anyone caring to try to act otherwise runs the risk of ending up like McAfee.

road22

We all have a front row seat the the end of fiat currencies around the globe. The Fed only raised interest rates just a few percent on the 2 year and the economy is tanking. The US debt is over 30 trillion and rolls over. Back in 1980, the US debt was only 300 billion. Back in December 1980, Paul Volker took the 2 year feds fund rate from 18% to 20%....200 basis points, which was the largest hike EVER on the 2 year. Inflation was 12.6%, and Unemployment was 8.5%. Think about that. Why can we not do the same with our current debt level to control inflation. The fact is we cannot and will not be able to control inflation unless we default on our debt. We cannot keep raising interest rates because we would have to print trillions of dollars just to service the interest on our debt.

AllfatherAngron

Bearish because of Mt Gox release? OMG, NO ONE HAS EVER HEARD OF THE MT GOX UNLOCK BEFORE!

Helpful-Cobbler-4769

The US has unlimited purchasing power. I don't jerkoff to Biden dollars. The dollar is worthless and so it BTC. It's hilarious you think either are 'money.' BTC will NEVER be used as money. EVER. You act as if I give as shit about the US government. I want the state abolished. I'm just not dumb enough to think what replaces it is crypto. The end of Bretton Woods was the end of 'money' itself. The end of commodity-money. You're substituting one fetish for another. And it's delightful to watch. Like an anthropological study. You think you're so much more advanced than the Yapese tribes with their giant stone coins. But you're chimps, just like them lol

Nrgte

> Once you know your goal and you have built your strategy or strategies, don’t EVER deviate from your strategy! I agree with everything except this. Good write up. As you learn more about trading and the assets you trade, it's perfectly fine to revisit the strategy and critically question it, refine it or even scrapt it for a better strategy. Your goals also may change over time. In fact I'd say constantly enhancing your strategy is key.

ScoobaMonsta

I have been only hedging my trades for crypto profits for years as well. Day trading is not the best way for increasing your coins! Swing trading has way better returns by far! There’s way too much noise in low timeframes to get accurate TA for your trades. Unless you have a number of finely tuned bots running, and have the ability to focus 100% of your time on the charts, and know your TA inside out, day trading is not a recommended choice to get into! Also what is the point of posting a picture of a Porsche? What is that trying to achieve? This whole long explanation of everything may work for you, and the losses compared to the profits may work for you, and the hours upon hours of staring at a screen may work for you. But it doesn’t work everyone! Only a small minority of people can do this! Saying not to sell at a loss but stay in that trade until you come back into profit for day trading is extremely bad advice! With everything you written in this extremely long post, there’s many important things that you overlooked, or just aren’t aware of. Anyone reading this and think it’s something to copy and blindly follow you will come unstuck! The most important thing to remember whether it’s trading or investing is understanding the different strategies. Don’t mix strategies for trading with strategies for investing and vice versa! Never follow someone else’s strategy! NEVER! Always build your own strategies based around the goals you want reached! Once you know your goal and you have built your strategy or strategies, don’t EVER deviate from your strategy! Don’t be swayed by peoples posts online what they are doing. This is giving into emotions and ignoring your own TA and strategy! This will get you REKT! You will never become a good trader if you follow other peoples trade calls. I recommend DONT follow those people! Follow people who actually put out good educational content around TA. So you learn how to do TA and build strategies. Not simply watching someone talk about their opinion on where they believe the price is heading.

AbsoIution

Listen here BAT bros. Which one of you pieces of shit DESTROYED my son’s base in the MINECRAFT official BAT world? He has been crying ALL AFTERNOON in his room with hundreds of hours wasted for nothing. Step up now and admit to it or else I will be taking this further. It is NOT ON. It is NOT funny. You are NOT witty. You are a COWARDLY TYRANT hiding behind your keyboard. If you ever, EVER touch my sons base on the BAT minecraft server again it may be the largest REGRET of your LIFE. I will be reporting this to the Brave team and minecraft administrators as it is as low as a human being could be to destroy the creative ambitions of a CHILD.

Paul_Hommala

Listen here BAT bros. Which one of you pieces of shit DESTROYED my son’s base in the MINECRAFT official BAT world? He has been crying ALL AFTERNOON in his room with hundreds of hours wasted for nothing. Step up now and admit to it or else I will be taking this further. It is NOT ON. It is NOT funny. You are NOT witty. You are a COWARDLY TYRANT hiding behind your keyboard. If you ever, EVER touch my sons base on the BAT minecraft server again it may be the largest REGRET of your LIFE. I will be reporting this to the Brave team and minecraft administrators as it is as low as a human being could be to destroy the creative ambitions of a CHILD.

Talulabelle

One died and the other is on life support. Where would VR be if Meta wasn't selling headsets at a loss? They're already starting to correct for that, because they're more expensive to produce and they aren't making money back on advertising or software. People are buying them, using them for 100 hours, then setting them on a shelf. You may be right, but even in the C64 days, people were excited about computers. I didn't know anyone that had a C64 that didn't use it, or wasn't enthusiastic about it, and I REMEMBER the C64 days. This is different. Back then, everyone wanted a computer and couldn't afford it. Now I know so many people, mostly tech people (I work in IT), and their kids, and they all have headsets, and NONE OF THEM EVER USE THEM! I can seriously name 10-12 people off the top of my head that I know, who all own a Quest 1 or 2, and have told me they haven't touched it all summer. There has been ONE AAA game, Halflife that was't even released for the most popular system, Quest 2 ... and I know you can connect your headset to your gaming computer, and no one I know ever does. It's not just me, and my anecdotal evidence, either. Report after report shows that people buy the Quest 2, and after a short period, just don't use them. You can't expect a huge market for a device that, for the majority of users, sits on a shelf collecting dust. 'Meta' has to solve the problem that people don't actually like VR, and they don't seem to want to admit that's a real problem no one is even addressing. It reminds me of the Nintendo Wii. They kept telling us it was the next best thing, and I bought it, and bought games, and fucking bowling was the only thing that was any good, and when I got tired of it, I basically retired the system. Now I have a $300 pair of mini-golf goggles on the shelf right next to it, and a bunch of people like you telling me I'm wrong, and something will change ... and maybe it will, but someone has to figure out what's wrong first, and to do that we have to admit VR has a problem.

Odder1

That shit happens 100% of times socialism is tried, the government never EVER redistributes properly lmfaooooo

VersaceBedouin

aight: * don't EVER buy BTC or ETH * ICP? don't mind if I do * LUNA used to be awful, but now it's as great investment

Royal-Author-669

Your crypto is and always will be on the blockchain. A wallet is a means to see the crypto to a specific address. The keys give you access to the crypto. A ledger device only holds the keys and nothing else. The keys never leave your device. Basically a request is sent to the device asking permission to send crypto from the address. Your Ledger then approves the request by you pressing both buttons on the device. Your keys never leave the device. This is why you can take a seed phrase of one wallet (metamask) and put it into another wallet (coinbase wallet) and have access to your coins. NEVER EVER EVER NEVER EVER enter your Ledger seed phrase into anything other than the Ledger device itself, a piece if paper or stamp onto a metal card.

Be_Free_For_All

CEFI is dying before our eyes. I buy my crypto with my Exodus wallet using RAMP. The fees are high, but... 1. Wait time is 5 minutes (with a debit card) 2. goes directly into my private wallet 3. No worries of waiting, lock ups, freezes etc. The closest my crypto will EVER touch fiat again is with USDC stable coins.

user260421

No one will ever tell you when to get out. **EVER**

Royal-Author-669

Get a Ledger and NEVER EVER EVER N EVER enter your seed phrase into the actual Ledger device itself. Never on a PC as in a text file to store your seed phrase whether on your Hard drive or a USB. Only store your seed phrase on a piece of paper or stamp it in metal.

Royal-Author-669

It is possible, anyone with the seed phrase has access to send crypto out of that wallet. NEVER EVER NEVER EVER EVER EVER NEVER put your seed phrase into anything other than the Ledger device itself or a piece of paper/stamp it on metal plate

Lou_Villian

Sorry brother. It’s the life we live. Scum of the earth who screw over the honest trust worthy people. Little advice. Yes learn from this. Trust nobody in this space. EVER. Also never go full blown panic mode. Stop and think and research them research more. All that said it’s just money. You can bounce back and most likely will quickly. You’re smarter now and even if it was a expensive lesson it’s a lesson learned. Good luck on the future

chillyistkult

Its the first golden rule of crypto regardless the market situation: NEVER EVER KEEP FUNDS ON EXCHANGES (if you don’t intend to trade). It‘s not necessarily about bankruptcy, its mainly a security aspect. You have to assume that security of any exchange is garbage, because there is no way to proof otherwise. Better take it in your own hands, your keys, your responsibilities.

1Melkah

Please don't speak for the boomer. He knows nothing about the technology. His justification is it is "evil and harms people". He's just backing the system that made him rich the last 90 years. 50 years is a good enough time imo to solidify a brand new technology. Computers have been around just about the same time, you wouldn't say it's old and nothing new now, would you? Banking systems been around 100+ years and have caused more issues in the last 22 years then any other institutions in the world EVER.

Qito

>If you own 0.28 BTC and HODL, you can be certain no more than 1% of the current world's population can EVER own more BTC than you. 0.002625 BTC is the amount that you would have if you equally distributed BTC to every human on earth. The tweet talks about how much BTC you need to have to **guarantee**, that you'll be top 1% of BTC owners. This means that if you have 0.28 BTC, only maximum of 1% of all humans can (Theoretically) have equal or more BTC than you. 8 Billion \* 0.01 = 80 Million. 21,000,000/80,000,000 =0.2625. Math isn't exact and doesn't have to be, the tweet author just took more exact value of human population and got 0.28 instead of 0.2625.

WhatASave3264

REMINDER NOTHING IS EVER PRICED IN The amount of people saying that something is priced in is ridiculous. Is this a meme I'm not getting? Like wtf

CointestAdmin

#Monero Pro-Arguments Below is an argument written by roberthonker which won 3rd place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Taken from /u\/awhodothey's submission from last round** > > Assume no consumers ever care about privacy. Assume everyone is totally fine with all of their finances and purchase records being 100% visible on the blockchain to anyone who EVER pays or receives crypto from them once. Or assume crypto never catches on enough for casual consumers to realize they don't want every company to know every detail of their life... Monero will still succeed. Monero's real world market adoption will still continue to grow. > > Assume Monero was banned by every country in the world. Monero is the only coin who's market cap would be projected to increase even if it was completely banned, because Monero is the preferred coin of the black market, and black market activities are, by definition, already banned by law. > > The market cap of the black market is the market cap of every commercial activity that governments physically cannot stop. Monero's usage, market cap and price are increasing as the black market very slowly adopts Monero- despite the fact that most exchanges have already delisted XMR. Monero is the only multi-billion dollar coin that is known to have no chance at being listed on some of the biggest exchanges. So why is it worth so much still? Because unlike every other crypto, Monero is actually used as an exchange currency in the real world. > > The global black market is currently estimated to be over $10 trillion/year- larger than the economy of every country in Europe. If the global black market were a country it would be the second or third largest economy in the world. > > https://www.forbes.com/sites/benzingainsights/2011/11/07/rise-of-the-shadow-economy-second-largest-economy-in-the-world/?sh=4198b6cf4a0e > > The anonymity of Monero is comparable to the anonymity of cash, but Monero is much cheaper and faster than cash transfers. Further, because Monero does not need to be physically transfered or stored, it is much safer and greatly reduces the risk of violence and theft to black market participants. > > But what if every single centralized exchange removed Monero? It's too late. All the necessary pieces are already on the board. Atomic swaps with bitcoin are live, and wallets are rushing to integrate decentralized, trustless BTC to XMR exchange. Secret Network already has a tokenized version of Monero (sXMR) on the testnet of Secret Swap (a private, decentralized exchange that anyone can use without KYC). Every major crypto will be convertible to Monero. And options like "localMonero" already exist for anyone who wants to convert cash or refillable debit cards directly to Monero. > > Monero is the leading privacy coin, and the only trustless privacy coin with a network effect and proven track record of real world use. It is privacy by default, and users have no risk of forgetting to enable privacy. The Monero network is highly decentralized and open source and does not require users to trust its creators. The community is active and passionately unified around the core objectives of creating a real decentralized currency that is private. The IRS's bounty for anyone who can crack Monero is a testament to years of proven success. > > Monero is *the* crypto currency of the black market. Monero has no competition in that market, and it leaves no room for another coin to prove itself. Worst case scenario, Monero is outlawed and rejected by all law abiding citizens of the world. Monero would eventually replace blackmarket currencies and make some black market practices, like money laundering and off shore banking, entirely unnecessary. > > There is no need for slow, extremely expensive off shore banking practices that carry privacy risks (like the Panama papers that leaked account holder's names) and security risks (like the government reforms that have lead to account confiscations). Monero is cheaper, faster, easier, safer, and more private. It makes off shore banking completely obsolete. > > The market cap of gold is about $11 trillion. Low end estimate of the offshore banking market cap is $20 trillion. At $222, the current market cap of Monero is about $4 billion. When Monero's market cap reaches 1% of the low estimate of the illegal global offshore banking market, that will make each Monero worth more than $11,000. > > https://www.forbes.com/sites/frederickallen/2012/07/23/super-rich-hide-21-trillion-offshore-study-says/?sh=191f47fa6ba6 > > Monero will inevitably become a major currency of the future. Probably nothing can stop that, so you may as well think about your privacy and choose to use it to protect your perfectly legal transactions too. Fortunately, Monero is designed to be a currency, not a store of value with a fixed supply that discourages spending. > > Black market adoption will put buy pressure on XMR, and that demand will slowly drive the price up. Monero may not be the fastest growing investment opportunity, but that's what makes it a better currency. I can't name an investment that would be lower risk, or name a better crypto currency. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.

PoopyBootyhole

Listen to these people about how the space works and you’ll be good to go. Remember long term time horizon (10+ years). INVEST your money don’t trade. Stick to bitcoin, don’t get involved with other cryptos in my opinion. Podcast: We study billionaires: the investors podcast. They have a weekly bitcoin episode that goes through everything you’ll need to know about bitcoin. People in general to listen to I would recommend would be… -Lynn Alden (macro) -Luke Gromen (macro) -Greg Foss (fixed income) -Nick carter (energy) -Marty Bent (energy) -Alex Gladstein (human rights advocate) -Saifedean Ammous (how money works in general. He also has a book called *The Bitcoin Standard* that just talks about money and it’s history. His book is free and available online in PDF). One last note, if you ever take a hold of your own bitcoin and obtain your 12-24 word seed phrase, keep it WRITTEN down on paper and NEVER EVER share that with anyone. No company will ever ask for it and if someone does ITS A SCAM! Hope this helps. Keep learning. Keep stacking!

carsongwalker

Hard to imagine you would EVER want to purchase $20 of Bitcoin for $25 of electricity...

HelpMeSucceedPlz

LOL. Hardest labor he's EVER known. He needs the work, and to starve or otherwise experience malnutrition too. All I can say is, if he takes himself out, I want DNA proof.

RealVoldemort

Gather around the camp fire boys. I have come to speak to you of a prophecy. A prophecy that never living human as witnessed EVER. The prophecy... Of the last bear market dip. Yes you read that correctly the LAST DIP. The legend says, when the LAST DIP happens, fortunes and riches never seen before will fill our wallets and bring us many many wives!! All the lambos, all the mansions, all the rtx 3090 you couls ever imagine. And boys and girls..... The LAST DIP. It ain't here yet.

ColdFusion3456

Centralized companies are convenient but people need to understand the entire reason cryptocurrency was created was to eliminate 3rd parties like banks to hold money. Since crypto is not widely adopted and trading platforms didn't exist...here come exchanges. Take the word "bank" and simply replace it with "exchange" and people are doing the exact same thing as they were with banks, stock platforms etc. with fiat. Just like any platform that accepts your money they are a business. If they they make dumb decisions or fall on hard times that's = life. But none of this should EVER be surprising.

Nada_Lives

Name just ONE "backed by" currency that EVER turned out to be "backed by" when the bill came due.

thomgloams

Yes, the above was totally oversimplified. And it IS a terrible design. So much so that it negates the entire narrative of crypto being "trust-less" and "not your keys not your coin". It's one of cryptos many dirty little secrets. Here are some points that were left out: - 99% of contracts default to infinite spend. Why? Because think about DeFi apps where you are earning yield and the contract is auto-compounding. Or the fees it would cost to have to approve and revoke for every tx EVER. Ppl would laugh at that. Even though that's exactly what you must do. - Ever try actually editing the spend permission before you sign it? I do this all the time. If I'm swapping 50 USDC I'll set the contract for 55 USDC (wiggle room for slippage). The problem with this is when the token you are swapping is worth much more than $1 Try typing in a decimal into Metamask. Say, spend limit of 0.035 ETH. Can't do it. You need to know the uint256 conversion (+ gwei conversion) which is not a base 10 system. My semantics are probably wrong, as I'm not a Solidity coder, but I'm certain there is a conversion needed to signify 0.035 ETH or 0.001 BTC in Metamask. - Not every contract is clearly labeled. If you're doing more than just swapping A for B, and you're using DeFi for lending, borrowing, staking, reward collection, etc etc, good luck trying to figure out which contracts you can revoke and which will mess you up. Remember, when you deposit collateral into something like Aave, you receive a "receipt token" , like AaveUSDC. Then you borrow let's say ETH. Now you go sell that ETH. Well you have to approve it, even though it's not "your ETH" (you borrowed) and then revoke spending further. But then you have to pay back the ETH after you buy it back (shorting) so must approve it again. And get back you collateral.. etc etc It's an endless cycle of approval and revoke that makes DeFi a ridiculous joke for anyone not using it with size. This can easily be guesstimated by looking at the avg fee per tx. Let's say for Ethereum Mainnet it's $5.00 (6 months ago it was more like $50 but..I digress) So $5 per tx avg. Let's say 10 tx to go thru the process of a typical DeFi case with proper revoking. That's $50. You can see how one can get lazy on doing everything properly cuz it's so damn expensive. Editing permissions and approval and revoking is not at all easy once you start getting deeper into actually using it vs just speculatively holding it. ----------- Off Topic Btw, how much were you DeFi-ing to make these approval and revokings worthwhile ? Let's say you were staking $500 USDC for a sweet 5% APR for 6 months, compounding monthly. ~$12 profit. $500 principle $12 gain + (-$50 fees) = -$38 Return on Investment -7.6% Compound Annual ROI: -14.62% Utterly pointless. But you gotta revoke those contract spend permissions! It's not easy when your LP tokens are all named "UniSwap v2.0 token" generically. Bonus: How much capital would you need to make DeFi worth it on Ethereum in this case? With a risk free rate of 2.93% to beat, you'd need to stake ~$3200 @ 5% for 6 months just to make $1 profit after typical fees for all actions involved, at this time, bear market with ETH at year lows. Imagine when gas is back up to crazy levels. Use other chains? Sure, but you got bridging fees, more risk, exit fees. So let's say you have size to make it worth it. Now you're keeping minimum $5-10k on a hot wallet, in contracts, having to revoke and all that. The reward (these days) is far far below the risks. Maybe back during DeFi summer when you were getting 180% APY in shitcoins and dumping it was good. But for now, stick to top tier exchanges, no token approvals and use a Ledger with a dead man's switch in case you have a heart attack from all this crypto stress. Cheers.

mannyrmz123

The signs are there. In a month, when the Coinbase bankruptcy is announced, everyone will be asking themselves: HOW WAS THIS POSSIBLE??? THERE WERE ABSOLUTELY NO SIGNS OF THIS EVER HAPPENING!!!!

bone_shadows

Oh yeah no publicly traded company has ever committed fraud and just lied to investors- no that doesnt happen EVER....

Nrgte

I don't know about your grandma, but if my grandma was still alive it would need a miracle to get her to use crypto EVER.

Wacco_07

Still 300% on shib. Just bought pocketchange worth for fun and still hold it lol . Even if it EVER reach 1/10 of a cent won't be enough money to be worth to cash out aha. Just holding for the fun of it

youngWuuf

I mean I’m not saying dems aren’t capable of lying. I’m their defense though, their argument is it is many moving factors that cause gas prices to go up. I can’t imagine Biden is making prices go up in other countries…not to mention we are currently domestically producing more than we EVER have, not saying we don’t have the capacity for more…but still

gigabyteIO

Algorand has very small inflation until 2030, but there will NEVER EVER be more than 10 Billion. The only way to get new ALGO into circulating supply is via Governance. I personally very much like this model. Patience will be rewarded as Algorand gets more and more scarce.

thecahoon

Not entirely correct. Any device that's EVER been connected to the internet is compromised. Could have software to generate predefined private keys, auto swap copied btc addresses for predefined ones when you paste, etc. Certainly a lot safer if you have btc on a phone you never have connected to the internet, but not a truly secure cold wallet if it's ever been online.

Belmont_the_IV

r/Bitcoin is (wilfully) ignoring the pending Mt Gox dump that's incoming and, IMO, imminent. Bitcoin .ight really be the most elaborate pump and dump EVER.

Glad-Tap-8743

I literally said gambling. Like in a crypto casino. I WOULD NEVER FUCKING EVER RECOMMEND THAT

crimeo

> supply and demand When the demand includes "Demand for scam victims or demand for assistance in money laundering", that's not a sufficient protection for the system, lol. > the loans themselves charge about double the interest rate they pay out that's where the money comes from. AGain, if the borrower has already more than the amount of the loan in collateral (you said 3:1 for example), then it makes no sense for them to pay ANYTHING for a loan, when they could just spend their "collateral" to go do whatever they wanted the "loan" for. "I want to expand my business, it will cost me $5,000 up front. I know! I'll take this $15,000 I have lying around and get a loan with it for $5,000, and then pay interest on it" -- said nobody ever. You would just spend part of your $15,000 to expand the business instead. The end. The ONLY reason you EVER get any meaningful % rate in situations like this is, I repeat, scams and criminal money laundering.

Ragefan66

This is just flat out insane line of thinking and this is why buttcoiners make fun of us. You're a 100% complete fool if you can say for certainty that BTC is going back up. I'm bullish on BTC and think we'll hit 70k in the next 6 years, but to think that BTC can't ever have a major bear market or that it would never take 10 years to bottom is so stupid. I also love how you're 100% convinced of BTC's future lifelong trajectory based on 12 years of trading data. I downright hate this shitty moonboi mentality "BTC WILL ALWAYS GO UP THERE IS NO WAY IT WILL NEVER STOP GOING UP THE LOSS IN VALUE IS ONLY TEMPORARY AS IT WILL GO BACK UP IT ALWAYS DOES" Like seriously, thinking ike this make this entire community look fucking stupid IMO. I personally think BTC will go up long term, but for fucks sake mate you make us look stupid if you just say "THERE IS ABSOLUTELY NO WAY BTC IS EVER GOING DOWN LONG TERM." Idk, funny how it's apparantly a fact that BTC is going up but somehow its down 60+% off the highs....you must be the only person on the planet who figured this out, or else BTC wouldn't be down 60% for this long.

8512764EA

If you create a hot/cold wallet DO NOT: -Do not take screenshots of your seed phrase -do not text them to yourself -do not email them to yourself -do not store it electronically in any way shape or from -do not ever reply to anyone telling you you need to verify your wallet -do not ever put your seed phrase in any website or on any form on the internet, EVER Write them down on a physical piece of paper or get a metal stamping kit

armyaviator129

BEST TEAM EVER! Love Jackpot 🎰 Doge 🐕

RecordRip

Many of us _are_ buying. Too many who came in here came in with emotions so they're heading out with emotions too. Personally, I'm the happiest I've EVER been in this market and now I know my potential will be even higher than I initially planned because of this dip.

powercow

Not really the stated use of crypto is to be an alternative currency. You will not have wild spread use of crypto as an alternative currency without regulation. The real choice is between the subset of people who want crypto to remain a blackmarket currency, and those who want to see it in the general markets. The former is dead set against regulations, the latter, better know it WONT FUCKING EVER HAPPEN without them. legitimacy = regs. PERIOD.

Lutastic

When they made the claim that no alt coin has EVER reached its ATH again on the next cycle, in bold…. I was like… what crack is this person smoking?

Ato1460

This almost happened to me 6 months ago or so, T mobile as well. Pretty sure I read a story about millions of users having their information leaked. Woke up one morning to see my Coinbase password had been changed and I had no service of any sort, instant panic set in. Figured I had been wiped clean but google 2fa saved my account. I kind of knew sms 2fa wasn’t secure but that day taught me I’d never, EVER use it for anything important.

LishtenToMe

His dishonestly is why we don't like him. There's a debate between him and Saifedean Ammous, and Saif pretty much won the debate through facts and logic 15-20 mins in, but Peter just ignored him and drug the debate out by suddenly changing topics, just to ultimately come back to a topic Saif already proved him wrong on earlier. 20 mins of content turned into an hour of repeating himself. It was clear to me at that point that he only talks Bitcoin for the attention. ​ He is a very smart guy and has charm, but he's too full of shit for me to care about. I'd rather go with a guy like Saif, as he's similar in that he'll debate anyone, and is equally relentless, but the difference is he's a master at steel manning his opponents arguments and still outmaneuvering them. He's actually done a far better job explaining the ways bitcoin could potentially be destroyed than Schiff EVER has, and he's a hardcore bitcoin maximalist lol.

coinsRus-2021

I love when people write this stuff and they’re like - “ITS NEVER HAPPENED”. Seriously chill out -Crupto isn’t some half-century old tech. It’s pretty much like saying once upon a time “NOTHING HAS EVER STOOD UP TO AOL”. Yep got it - you speculate. You know how many times I’ve heard everyone say “NEVER!” on this sub? Seriously it’s just laughable. Do all the market analysis you want. I’ll invest on my research, you invest in your research into NEVER.

_TheWolfOfWalmart_

>NO MAINSTREAM ALT-COIN HAS EVER ACHIEVED ATH AGAINST BITCOIN IN TWO CONSECUTIVE CYCLES So... what I'm taking away from this is that the correct move is to ape all of your money into non-mainstream microcaps. I'm on it!

Acceptable_Novel8200

>NO MAINSTREAM ALT-COIN HAS EVER ACHIEVED ATH AGAINST BITCOIN IN TWO CONSECUTIVE CYCLES It doesn't sound good, but it's true.