I have an account with Coinbase, but I put dollars in and I pull crypto out as soon as it’s available and wouldn’t you believe it? I’ve never lost any money doing it that way.
because most people are using crypto incorrectly as a speculative asset where it’s meant to be used as a currency. What people should be doing is buying it and then taking it and spending it. Whereas what they are doing is they are buying it, hoping that the price goes up in terms of dollars or euros or yen or whatever and selling it. Those sorts are not what I would consider real crypto people. They are just using it as some sort of stock. What real crypto people want to see is the government and central banks no longer able to fuck people out of their money through inflation, taxation, and manipulation of the money supply. The good cryptos All have a completely predictable money supply. Hard-coded into their core so you always know how much there will be at any given time.
My brother-in-law is obsessed with cryptocurrency. He keeps going on about a fiat and how it isn’t a fiat, or something. I don’t listen to that 90% of the things he says, so I’m not that clear.
He’s also a massive anti-vaxxer.
It’s like being an idiot in one area of your life predisposes you to be an idiot in another era of your life. Who knew?
Yup. I had an FTX account but I did not keep any crypto or cash there, thankfully.
I have an account with Coinbase, but I put dollars in and I pull crypto out as soon as it’s available and wouldn’t you believe it? I’ve never lost any money doing it that way.
I don’t mess with crypto but why would people leave it in FTX/Coinbase? is it cheaper for trades and stuff?
because most people are using crypto incorrectly as a speculative asset where it’s meant to be used as a currency. What people should be doing is buying it and then taking it and spending it. Whereas what they are doing is they are buying it, hoping that the price goes up in terms of dollars or euros or yen or whatever and selling it. Those sorts are not what I would consider real crypto people. They are just using it as some sort of stock. What real crypto people want to see is the government and central banks no longer able to fuck people out of their money through inflation, taxation, and manipulation of the money supply. The good cryptos All have a completely predictable money supply. Hard-coded into their core so you always know how much there will be at any given time.
My brother-in-law is obsessed with cryptocurrency. He keeps going on about a fiat and how it isn’t a fiat, or something. I don’t listen to that 90% of the things he says, so I’m not that clear.
He’s also a massive anti-vaxxer.
It’s like being an idiot in one area of your life predisposes you to be an idiot in another era of your life. Who knew?
Mhmm Sure thing bud