crypto doesn't work if the majority of its userbase gives money to """exchanges""" and believes they """own""" or even participate in crypto at all. the price can be manipulated until the end of time; exchanges can print as many bitcoin as they want and it doesn't matter if 95% of users will never withdraw to a real wallet.
Crypto doesn't work if the majority of its userbase gives money to """exchanges""" and believes they """own""" or even...
Bentley Collins
Other urls found in this thread:
twitter.com
twitter.com
Caleb Bailey
crypto works if even only 2 users use it correctly. Blockchain works even if there are no cryptocurrencies tied to it.
Be the change you want to see
Asher Gutierrez
fiat doesn't work if the majority of it's userbase gives money to ""banks"" and believes they ""own"" or even affect the economy at all. the value can be manipulated until the end of time; the fed can print as many dollars as they want and 95% of the users will never matter
Kayden Bennett
that's true except that it does matter because society crumbles when you do that for too long
Julian Roberts
>society isn't crumbling as we speak
Bentley Lopez
>the fed isn't tightening our cattle harnesses as we speak
what the fuck
Josiah Lee
well i learned my lesson when fucking coinbase stole my money.
Adrian Cook
Sorry that happened to you, user.
decentralize or gtfo, these exchanges are trash
Noah Flores
Some in the EU want to forbit real wallet, no joke .
twitter.com
Luke Peterson
Of course they do, because crypto was intended to subvert central banking. Why wouldn't the state, owned by the central bank, oppose it?
Sebastian Cooper
Stage 1. purchase trashcoin. Stage 2. waste everything. Stage 3. Cry a river on Any Forums. don't be such an asshole. Use PeerMoon!
>DeFi pocket with huge amount of solutions
>Next LVL protection
>Real-time notifications
>Presale - price will increase
Mason Myers
>draws a scenario of a poorfag losing his money on a bad shitcoin
>call him an asshole
What did jeetBot 9000 mean by this?
Mason Russell
coinbase is especially ridiculous because you can't speak to a human no matter what you try and all their support procedures are some retarded example of catch-22.
for example if they lock your account, to reclaim your account you have to log in and redo the kyc process. but you can't log into a locked account. the site will tell you to fuck off. the trained monkey support will keep insisting you log in. end of story.
Sebastian Sullivan
That's a given for fiat lol. The original reason bitcoin was created was to make currency they couldn't print more of.
Logan Flores
Putting bitcoin on an exchange creates futures and fake lending, which suppresses price
But all of that only works until we’re in a crisis, and someone is left holding the futures bag
Joshua Long
nah futures can't suppress price. all they introduce is volatility.
Jace Brooks
>futures can’t suppress price
Silver, Nickel, and pretty much every metal holder would like to have a chat with you
Cameron Campbell
they are retarded. i know metal faggots are dumb and don't understand futures. if you short something that is bullish you will be liquidated and that creates these blow off tops and sudden straight up insane green candles.
Isaac Clark
Kek go back to sleep
Liam Richardson
futures follow spot. sometimes futures signals to spot traders in a self fulfilling prophecy but if you look at funding history it usually shows that people betting on futures are always wrong and get taken out.
Jose Perry
When everyone in the system is fraudulent and driven by self interest, the only one “wrong” is (You), the retail investor
Isaac Wright
the point is the market makers don't care about price. their strategy simply involves liquidating everyone making a serious bet. they will not stand in front of a spot retail stampede. because they gain nothing by that.
Tyler Phillips
>Chinese oligarch pays millions per month in maintenance fees for his big dick short position
>Retails buys nickel because MUH short squeeze
Exchange can choose to
>distribute funds to one gorillion tea-guzzling English muppets
>halt trading for [redacted] amount of time and keep sucking Chinese cock for infinity
What would you do?
Daniel Adams
halting trading would cut massively into the profitability of an exchange. they get a no risk cut from every trade especially market orders that come with massive stops and liquidations. the exchange wants volume.
if you have no clue how tradings works and who profits from it, sit this one out.
Ian Rogers