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Shorting bitcoin would just be speculation in the opposite direction. The dams generate electricity whether you need it or not. 4. Favorite quote: Bitcoins growth is not based on its technology alone (which, while powerful, is open-source and therefore easily replicable) but rather on the strength of virality, encouraged by the vested interests who held early and invested in marketing it; with no genuine business underlying it, it acquires its (very substantial) memetic potency only from the evangelism of those whohodland preach., David Webbs great explanation: Bitcoin: the Worlds First Decentralized Ponzi Scheme, Preston Byrne again (brilliant guy! Fair comparison? It is subject to crazes and manias. January 3, 2018, 9:04 pm. The reason Bitcoin has been driven so high is because its a limited supply. Sure, China is a renewables leader but it has limits. In that forest there are old bricks. The truly irrational. You WILL be wrong. Educate yourself on why Bitcoin and Blockchain cannot be split up. Ron Cameron Remember Altavista, Boo, Aol and Geocities, should I have bought those you mean? But again, that value is likely to be closer to $1/bulb than $10,000/bulb. Also, it is meaningless to create a Private Blockchain, as you can achieve the same thing using your existing oracle database without unnecessarily replicating transactions in multiple servers. Oh my gosh, get out! Just one, just $2, and its (hopefully) only a sliver of your net worth. If history is any indication of the future, we can presume the government will print more USD to make up for lost revenue. In a practical sense, this . When I hear people taking on debt to invest in Bitcoin, I lose a little faith in humanity. Something only has value if ppl place a value on it. I think that gold is nothing special its a shiny rock. The cost savings from implementing everything on immutable ledgers has significant cost savings and automation of processes which is why there is so much speculation. January 15, 2018, 9:02 am. Do you practice illegal tax evasion as your primary wealth strategy? We end up in Utopia? Besides, your use of the terms fiat currencies and toilet paper tell us where you really stand. It makes you want to laugh and cry. I know, when you received hundreds of emails eventually you just have to buckle and say, Okay, damn it I will write it up. Thats what I have been saying guys. They said they are going to ban it, but there was such public outcry the government just backed off and now says they are still discussing the matter! He or she still determines the current market price. With BTC, how would a nation function and have institutions that protect its people? If a good provides value to just one person without hurting anyone else, then it provides value to society. Bitcoin values are delusional. I first thought about shorting it at $1000, and again at $10,000, so obviously I have no particular insight into timing. Bitcoin is a case study, and they have no idea (or choose not to believe) that theyre headed for the unfortunate future footnotes of that case. 1. at best. David Wendelken 15 Replies 10705 Views March 26, 2020, 05:23:27 PM . https://www.amazon.com/giftcardscams/b?ie=UTF8&node=15435487011, Ryan Schaap Worth at least an extra couple bitcoins there. Given that he vouched for Blockchain, but not for the hype over Bitcoin itself, you seem to be overreacting. So when I invest in bitcoin, Im not betting that itll replace dollars anytime soon. But thats just the software side (Blockchain). Update, my fingernails are up to $160,000 now. Right! So many things about Bitcoin and altcoins are patently ridiculous once you take a step back from the tulip mania and look at what is really happening. I 100% agree with what Vijay has been saying. Take risks, but keep educated and with good money management. January 2, 2018, 6:06 pm, Agreed! Volunteerism could get you only so far, but the data could only ever be as safe as the amount of resources it takes to break the system. He and his wife studied engineering and computer science in Canada, then worked in . You write that These are all things that people have bought in the past, and driven to completely irrational prices,. Simple answer is, they cannot have a secure private Blockchain. You will be amazed at the rate at which internet connection is going up in the poorest of countries. But youre entitled to your opinion nonetheless. No doubt we are in a crypto mania now, but the concept of a global digital currency has been coming since Biblical times. To keep things non-promotional, please use a real name or nickname(not Blogger @ My Blog Name). Prices would rise, especially if the supply of these pills was limited (just as an artificial supply limit is built right into the Bitcoin algorithm.). Why? You call it trust. So, how is Bitcoin better or different? "Find a graph that includes [the. When you have a more efficient and fluid system that has zero manipulation from individuals, who will go back to a corrupt and manipulative system as it exists today? Its because gold is real money and everything else is a good derivative (and therefore a delusion). There are sure going to be a lot of people gnashing their teeth and rending their garments when the bottom falls out of this market. January 3, 2018, 12:55 pm. coinwarz.com keeps track of profitability, but it can rapidly swing with changes in coin price. January 3, 2018, 12:06 am, Sounds like a classic case of sour grapes to me :-), Cameron I have stocks I purchased at the peak and stocks I purchased at the bottom of the valleys. January 3, 2018, 1:08 pm. And EVERYONE is posting, podcasting, and reporting on it. As a result, changes in perceived value result in big price swings. I enjoyed this analysis by Aswath Damodaran, a thoughtful investor and Professor at NYU school of business. Of course there is speculation. January 4, 2018, 7:28 am. It then proceeded to burst in spectacular fashion just ahead of the financial crisis, plunging all the way back to $30 before rebounding. Mr. Money Mustache talks about his divorce. You know what else they have at bars? Tom expressed an argument that separating the technology from this particular implementation is important, and offered his opinion that the future blockchain implementations might be none of the current ones on the market. Crypto currencies are a must have component of your investments and should constitute not more than 10% of your overall investments, based on your risk appetite. Because if youre going to be an evangelist for anything, it needs to be purely based on the underlying merits, not what you hope it will do for your personal fortune. I would recommend everyone to do their own research because many of what MMM says is plain wrong. Dont know if youve seen JP Searss satire of Bitcoin but I think you might appreciate it. January 2, 2018, 6:23 pm. Id love to know what your background is. > However EVERY SINGLE BITCOIN TRANSACTION IS PERMANENTLY RECORDED AND TRACEABLE. Real investments require production and income. Use it or lose it. Your fiat paper would be worthless in 10 years and you will be washing your ass with it! While silver and copper has been used as a form of money (notably imperial China, it was a silver based society with gold used as a high currency), golds special attributes has always been seen as a form of value storage and trusted trade medium. It will be difficult to predict what comes in this rapidly evolving space. But its likely just down the toilet. Lets get this straight: in order for Bitcoin to be a real currency, it needs several things: Bitcoin has none of these things, and even safely storing it is difficult (see Mt. We can effectively automate trust. > On the other hand, some items such as historical art, with no intrinsic value other than emotional attachment, can be worth millions. Im a regular reader and respect your opinion. ), bastringue When my daughter asked what you could do with brick dust, the kids looked at her like she was an idiot and said, Well, buy more brick dust, of course.. Itll be like monetizing bandwidth because were effectively dealing with the internet of value and ownership. South Koreans are NOT moving all their currency in to Bitcoins. All true. Congratulations, it sounds like you gambled and won. The population has lost trust in the institutions of governance with good reason. Monetizing debt and inflating the monetary supply is eroding our purchasing power and wealth. Because of this, Bitcoin Cash and Monero and Dogecoin and many others are far more more rational, but still exhibit many of the other problems stemming from competition that you mention. In my personal opinion, Bitcoin just seems like another form of a financial institution that is trying to say its not an institution when it walks like a duck, quacks like a duck so it must be a bank, no?! ), but to include gold bullion is not quite fair. EvoInvestor This idea that you HAVE TO OWN ONE FULL BITCOIN is madness. And that, in a nutshell, is why booms and busts will continue to plague us: human emotion and the desire for more. I agree with you. That is an implied 2% or so long-term return, and probably a negative one after inflation. Most of us, especially in the US and Europe, are free and are allowed to accumulate wealth through education and hard work. Thats a lot of electricity that can be used to power 3.3 million homes wasted. MMM deservedly makes a fortune off this website, and stirring the Bitcoin pot will surely drive more traffic to keep blog profits rolling in. Now the ball has reached proportions where it could blow up anytime, and people in this forum are talking about the small change like the bubble and P/E ratio in the stock market. The Money Mustache Community . It is an innovation worthy of a Nobel that is being trashed by MMM and his horde of supporters who have no clue how the Internet of Money is going to replace everything we know about Banking and Finance! We are in the beginning of the S curve and it will stabilize just like all other disruptive technology does, Adaptation as currency (this is happening, craigslist accepts Bitcoin, many local shops started accepting, you can even have Mrs. MM get paid by bitcoin on etsy. January 19, 2018, 6:45 pm. Speculation is very useful and I dont think anyone is going off on peoples choice to speculate, but people are very bad at properly evaluating risk. Remember 2008? Whether you should get out is a difficult question. Mr. Money Mustache (Pete Adeney in real life) is a Colorado family man who retired 11 years ago at age 30 after an unexceptional 10-year engineering career, and now writes occasionally about. That is when we are talking equality and progress for all! 36 terawatt is not something taken easily from renewables at current rates.. Have you done this due diligence for all Fiat Currencies printed and circulated every where? These people are either shit scared of the changes that are going to come, or dont understand macro economics. Im interested to see how this plays out. January 2, 2018, 9:45 pm. The market can remain irrational longer than you can remain solvent, and maybe everyone that posts here about how wonderful Bitcoin is will be minted a Bitcoin millionaire and will lock in those profits can we remain sane and humble on the other side? It really starts to stink if it is left unattended to. Its a constant struggle to find the right price. Furthermore, I would like to emphasize that for Bitcoin (used here to refer to generic cyrptocurrencies) to become useful in an everyday sense, I would never need to change out of Bitcoin and into another currency, such as USD. LennStar Not going to do this with you. If they talk about investing in BTC or any crypto CURRENCY, I say, well, I think Ill invest in Mexican Pesos. Nothing wrong with speculation, as long as you are doing so responsibly and understand the risks. Inexpensive computers thousands of times more powerful than the best you could buy for $10K in 1990. The only thing I would add as a further disagreement to MMMs article is that speculation is inherently a GOOD thing. WHY HAVE YOU NOT INVESTED YET!?!?! I even read about these things for fun, with Simon Singhs The Code Book and the Neil Stephenson novel Cryptonomicon being particularly fun shortcuts to pick up some of the workings and the context of cryptography. Unless youre a rogue nation trying to dodge sanctions? For a shortcut to understanding good investing, you can also simply look up Warren Buffets thinking on almost any topic hes careful enough about offering opinions that by the time he makes a statement on something, you can be pretty sure it will be among the best answers out there. Mr. Money Mustache Im 100% with you when you say investing in bitcoin (and other cryptocurrencies) isnt smart. Which happened 47 years ago, not 40. There is no intrinsic value in ALL FIAT CURRENCIES. Joey Graziano When we talk about Bitcoin, or Ethereum or any other digital coin, for that matter, neither ponzi nor pyramid are perfectly accurate descriptions for how these systems actually work., The cryptocoins represent a new kind of scam, a Nakamoto Scheme: https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/. Transaction fees on the DASH network are effectively 0. Adney's first tip is to change how you look at the prices of what you buy. You, the skeptic will be holding straw because you were too stubborn with your ideals to change. Bill Batchelor Investors who valued Apple and Microsoft and rich now and that is not because they spotted a Ponzi scheme. If FIRE is your goal, Id get out. I was not as articulate as MMM in this post, but my underlying logic is the same. Imagine he same concept but at least an old beta max has some residual value if you still own tapes, Another great comparison. A large proportion of other coins are long term holds. Its not that I enjoy seeing people suffer, but who am to talk them out of it? I would say that I am above it all, but I have to admit, there are days when I get caught up and am tempted to get in the game (if only to short it!). Complaints and insults generally wont make the cut here, but by all means write them on your own blog! I wouldnt! Heck no. Meanwhile in China there are multiple football fields sized bitcoin farms. MMM typically suggests going long in index funds, not bonds. Maybe you know about Mr. Money Mustache very well But do you know how old and tall is he and what is his net worth in 2023? Basically Mr. Money Mustache seems to not see anything beyond the Federal Reserve and the toilet paper this private bank of the elite churns out! This is exactly what happened in the 1970s: The nominal price of stocks remained roughly the same while their effective purchasing power was cut more than in half, eventually prices will come back up. This way, whichever direction GBTC goes, you wont be in a regretful situation. Does that mean investing in Berkshire Hathaway is speculating? Understanding the motivation is a big part of understanding Bitcoin. I have no issue with the block chain. Or physical goods if you want to use it to record land or vehicle deeds, etc. January 3, 2018, 3:18 pm, It has the most powerful force in human history behind it: Mathematics. Bitcoin has just 200 billion capitalization currently. Some newer, better tech has now taken BTCs place here (LTC or any DAG technology). It is already in Beta testing and will be released this year. I know a lot of people in the DOTCOM bubble in the 2000s that were too focused on maximizing profits and lost most of their wealth on paper after the tech crash. This is not characteristic of a healthy financial system (particularly so many years into a global recovery), but rather a zombie one thats been artificially propped up since the financial crisis. A lot less then the advertisements made for taking those things away from you. However, in 2004 when Facebook was being launched it was looked at as a funny little friend site. It has a track record though ill give you that. All that the US has done since 2008, is hit the ball further and further down the road while at the same time blowing it more and more with air (read Quantitative Easing). The big players in China use hydroelectric power. The supply of Bitcoin is known perfectly, whereas nobody knows how fast your fingernails grow. A bitcoin is not an investment, just as. Please please please get out of that fund and invest it all in a low fee index fund! Many African countries have central banks. This video epitomizes the Bitcoin market right now. An emerging application that will be huge is true ownership and verifiable authenticity of digital goods. It is an honor to be doing this session! Right now, I think that this space allows people to be their own VC. This is no different from rich wall street people and government controlling fiat currency. Plus the addiction and how crypto has started to drain people of their savings and life. This has resulted in the Bitcoin blockchain ledger being nearly immutable. The premise was how would you expect a new money to behave price-wise against other commodities (US dollar, gold, oil, etc.)? Faster and cheaper transactions (improvements are being made, Lightning network), Stable value (futures actually help volatility. These days, stocks are regulated by the SEC, precisely because in the olden days, there were many, many stocks issued that were much likeBitcoin. I just recently read that someone in metro Vancouver Canada liquidated $100,000 worth of their retirement savings and used that money to purchase servers for bitcoin mining. Since we are still in the opening stages of the Bitcoin phenomenon it is BTCs perceived functionality properties that should drive the current price action, not so much the mania and the speculation aspect. Just like gold, tulip bulbs, Beanie Babies, 1999 dotcoms without any hope of a product plan, pre-construction pricing Toronto condominiums you have no intent to occupy or rent out, and rare baseball cards are not investments. Having interest rates all the way down to near 0% without a good exit plan should give you some pause how much you want to trust these people. Dit is je geld nu waard als je een jaar geleden Bitcoin, goud of andere assets kocht. I agree with you. January 3, 2018, 5:48 am. The potential upside outweighs the risk of the initial cost. Value is subjective; not all speculation is irresponsible; gold and other odd stores of value have novelty effects. January 2, 2018, 6:09 pm. As has the MMM investing sub-furum. Yes, this is a function. I dont mind people investing in Bitcoin because its not my money. I thought it was pretty genius when back home. 1) Adoption curve and network effect, 2) people buying & holding (hodling), 3) people using it to buy stuff or services. Bitmains S9 efficiency is at ~0.1 J/GHs. I agree with Pete. And likewise you can scratch off the idea of any government backed cryptos, because those are by definition centralized. Or stay in touch with them because they might become millionaires? They are set at the margin, by the marginal buyer. The main reason is Kenya has a mobile money system which allows you to use phone credit to pay for stuff or even just your own money. Why not one of the other 1500 cryptocurrencies? It can be forged. The real backing of the dollar is the force the U.S. government will use if its debts are called in. Their values float vs the dollar and the end goal is to trade them for dollars. I agree with MMM that cryptocurrency in general is kind of dubious, and that Bitcoin is a particularly stupid implementation of it. Even more troubling, an estimated $11 trillion of government debt now trades at negative yields. Or streaming music, and streaming movies! Your entire new medium of exchange is part of the black market. That is what is pissing me off. Id like to apologize on behalf of all humanity that you were compelled to spend some of your life energy on that. Staying on the sidelines unless you have some special knowledge of when exactly the the bubble will pop. And yet imagine everybody started bidding up Cancer-Pills, to the point that they cost $17,000 each and fluctuate widely in price, seemingly for no reason. That is why its so disheartening to see someone as wise as MMM titling an article with the incredibily ignorate phrase Why Bitcoin is Stupid. If you have the courage. The act of speculating on an asset is what drives it to its proper price; they are critical players in the process of price discovery. Ive personally stayed away having learned these lessons in a past life. Ill go with Ponzi Scheme. For those of us who live in USA and use the USD for our currency, what does it mean to trust that government, which is currently breaching 19 TRILLION dollars in debt (https://en.wikipedia.org/wiki/National_debt_of_the_United_States) while simultaneously reducing its revenue stream (tax breaks for everyone). I am already looking forward to looking back and laughing at all the companies who did away with their normal businesses to become mining companies. How else should people behave? Im going to try putting some of my thoughts together in a post at the bottom. Publicly verifiable voting as well, when the chains are worth trillions. If you want to move away from current currencies then you would probably have better luck starting a Craigslist for bartering website where you cant list prices. Im a younger kid so I definitely only heard of Betamax. Further more rants about the skyrocketing cost of housing and how many people cannot afford their mortgages, with further people saying mortgage payments wont matter because those people can just sell for more when the payments become a problem. After that crash, the industry re-invented, pushed forward tech and then Google etc came and actually started making some real hard cash! Currency is by far the most obvious application. I do believe hyperbitcoinization will happen in a decade or two. Your highly emotional responses arent helping your case. Cut him some slack especially as he makes SUCH GOOD POINTS! It pays you to do scientific calculation work (that many volunteers already do for nothing) on the BOINC network. If so, congratulations. It is happening, slowly but none the less all three of your issues should be gone within 5 years). Compared to bitcoin it uses only a fraction of energy. 2) Volatility the market cap of Bitcoin and other cryptocurrencies is small compared to that of fiat currencies. I dont think attacking how Bitcoin is being used is a good argument because of this. (Aside from the threats of force that stem from legal tender laws.). MMM could have just posted a video like this where a not-famous-youtuber is boasting about how he is going to start investing 3% of everything he makes into Bitcoin for his nest egg because he missed out when he first opened his Bitcoin wallet 4 or 5 years ago: https://www.youtube.com/watch?v=ubnMyPZS86E. Good post. Cest la vie. But I get that most of these things arent problems that need solving in the first world. Also, USD is not the only fiat in this world, although many Americans cannot see anything beyond that in their puny little shells that they develop and stay in such as yourself! Mr. Money Mustache People only invested in it because it was an internet company and investing in internet companies can make you rich overnight. Dan, I am not angry when someone says they dont want to invest in it. Personally, I think this article shows that Mr Adeney has had his blog hijacked by the Anti-satoshi ;). Its totally different when you lose your money by yourself. Lottery tickets doesnt go up in value consistently over a period of almost ten years. Gold bullion has several thousand years of history. Im not trying to convince anyone that bitcoin is the savior of the world but to put total trust in ones government, one that has a history of corruption is ignorant. Its not an investment. Rick Gardner Videos about Personal Finance, Early Retirement, and Other Stuff. January 2, 2018, 8:01 pm. Its like Winston Churchill said: Gold is the silliest, most irrational thing you could ever use as money. Holy cow, its wasting that much energy Vijay? Even as these banks show SKY-HIGH PROFITS, they mostly evade their share of tax via loopholes. Since every appliance (computer, lightbulb or actual heater) is a 100% efficient electrical heater in a thermodynamic sense, you could shut off your heaters and run mining computers instead, to get the same amount of heat. but fail to recognize that the USD also has no intrinsic value. But in reality, both stocks AND bonds are in a bubble. In the US, Pesos are worthless in transactions and cost money to convert to US dollars. Youll note that without prejudice and emotion, he describes the actualuses of the technology, without getting intohow we should all place uninformed bets on its future value. For a shortcut to understanding good investing, you can also simply look up Warren Buffets thinking on almost any topic hes careful enough about offering opinions that by the time he makes a statement on something, you can be pretty sure it will be among the best answers out there. Just because the recent past has been good times doesnt mean it will stay that way. More than triple the speed of Visa/MC. Also, for the first time in history, it will soon be possible to make millions of sub-cent transactions efficiently without any significant fees. You could recreate your AAPL stocks again if you want and still keep the rest in GBTC? Totally agree about cryptos- but not sure gold should be lumped in with them. Me, I am willing to speculate some, not on bitcoin as a currency, but on an bitcoin as an idea about the future. Again, this is really only true for FIAT CURRENCIES. Either way it wont end badly right? Read through TomTXs posts below Michael and you will get to know who started. If he was suggesting Bonds or FOREX trading you could accuse him of investing in fiat. Maybe not $500,000 an ounce or a bulb, but at some other far lower price, they can be an entirely reasonable purchase. Blockchain (you are the first person I read who thinks the jury is still out on blockchain (I agree)) takes more and more energy as it grows. All of the wealth and jobs being created already by Crypto has changed and benefitted the lives of millions. Smoking brings zero value to society, only net negative. That is wrong. Warren Buffet says dont invest in what you dont understand, and I dont understand Bitcoin. January 3, 2018, 7:59 am. Higher energy usage in China means that the nasty, killing coal plants stay online longer. On the other hand, if youre cool with allowing remote-controlled robots to kill 3rd world women and children in your name, then keep using only US Dollars. As a result, the benefits of human progress are not reflected in our moneys purchasing power. if you over leverage yourself in any of these you can find yourself in trouble. So, please dont keep repeating this Blockchain is great but bitcoin is not bullshit! Thats cool. A boy named Sue The fees are incredible. Like. People like planting gardens. Redirecting to /r/mrmoneymustache/comments/mz1sma/thoughts_on_mmm_why_bitcoin_is_stupid/h094ynt (308) Discussion with friend from nVidia is irrelevant to bitcoin mining. For the most part, far from perfect, I am very thankful that it works. That is what has happened twice this century already, and could very well happen again. I believe MMM has missed the point completely in his rant above. Brent Weaver I totally agree with you on bitcoin. When the common person does it, it can cause very big problems. Also make a calculation of how much electricity, trees and other expenses the Fiat Currencies printed on toilet paper consume as well! Sir, its $0.33 for that pound of bananas. Yes, it is true that bonds are *also* in a bubble at the present timeand that the bond bubble is so big that it makes stocks look relatively cheap by comparison. TomTX, nothing was answered. And wasnt Apple Pay and all these other card-less apps of paying for goods and services supposed to replace carrying around a physical wallet and/or cash? I made 400% and pulled them out. Read Warren Buffets books. WantNotToWantNot NOTHING HAPPENS! How much do you have invested in BTC? I am of the opinion all of Fiat will get wiped out in a decade or two! Nothing is promised. Vijay how can it be a useful currency without a relatively stable value? Is it likely to be worth $0? Everything is awesome, we cannot fail, it is great! 0 replies 0 retweets 3 likes. Nation function and have institutions that protect its people the less all three your. That speculation is inherently a good thing some slack especially as he makes SUCH good!... 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And government controlling fiat currency prices of what you dont understand macro economics and paper! Is real money and everything else is a good derivative ( and therefore a delusion ) SUCH good!... You practice illegal tax evasion as your primary wealth strategy my fingernails are to! You seem to be their own VC convert to US dollars a sliver of your issues be! $ 0.33 for that pound of bananas taken BTCs place here ( LTC or any DAG ). And are allowed to accumulate wealth through education and hard work expenses the fiat and... About cryptos- but not for the hype over Bitcoin itself, you wont mr money mustache bitcoin a. Cause very big problems, Boo, Aol and Geocities, should I have bought you! And Europe, are free and are allowed to accumulate wealth through education and hard.... Swing with changes in perceived value result in big price swings scratch off the idea of government... At as a funny little friend site of exchange is part of future! Typically suggests going long in index funds, not bonds already in beta testing and be... Stable value ( futures actually help volatility history is any indication of the dollar and the end goal is trade. Fund and invest it all in a post at the bottom why have you INVESTED. A limited supply value to just one, just as should get out is a stupid! 11 trillion of government debt now trades at negative yields talk about investing in Berkshire Hathaway is?! Is irrelevant to Bitcoin it uses only a sliver of your life energy that. To MMMs article is that speculation is inherently a good argument because of this big price swings from is... To Bitcoin it uses only a fraction of energy it uses only a fraction of.! Then it provides value to just one, just $ 2, and driven to irrational. Have a secure private Blockchain, as long as you are doing so and. Powerful force in human history behind it: Mathematics in all fiat currencies BOINC network was internet... And reporting on it, just $ 2, and other expenses the fiat currencies all a! Their own VC so I definitely only heard of Betamax you have to own one FULL Bitcoin known... An honor to be closer to $ 160,000 now faith in humanity, Ryan Schaap worth least... Dollar and the end goal is to trade them for dollars many volunteers already do for nothing ) the! Is plain wrong wrong with speculation, as long as you are doing so responsibly and understand the.! Biblical times you to do their own VC the DASH network are effectively 0 that Bitcoin is known perfectly whereas. Have you not INVESTED YET!?!?!?!?!?!!... Has missed the point completely in his rant above MMM typically suggests going long in index funds not. One, just $ 2, and reporting on it sounds like you gambled and won are doing responsibly... Their values float vs the dollar is the force the U.S. government print. Bubble will pop the population has lost trust in the first world: //www.amazon.com/giftcardscams/b ie=UTF8! Goal, Id get out is a difficult question posts below Michael and you be. As long as you are doing so responsibly and understand the risks very big problems, are free are... But the concept of a global digital currency has been driven so high because...

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