Posted on 01/09/2024 8:45:36 AM PST by son of terrence
Good. If you live long enough you’ll be sorry.
I choose what I want to be an expert in.....and this stuff serves no purpose for me.
Let the young folks figure it out—knowing that fools and their money will be soon parted.
At my age if I live long enough the status of various bitcoin variations will be the least of my worries...
Lol.
None of which is an Art 1 Sec 8 duty for the Federal Government.
Maybe my heirs will suffer for my mistakes—their problem.
Lol.
Here is a piece written by an SEC governor. It doesn’t paint a good picture of the process.
https://www.sec.gov/news/statement/peirce-statement-spot-bitcoin-011023
There you go again with the tulips.
Get another schtick. That one is not relevant.
Claims that various bitcoins are “fungible” and “valuable” are exactly like tulips.
They are a fad of the times.
Step back and look at the big picture.
Good book:
https://www.amazon.com/Extraordinary-Popular-Delusions-Madness-Crowds/dp/1463740514
I do not want to see Freepers get burned by Fear of Missing Out (FOMO).
It has always been a weakness of homo sapiens.
The process of approval by the SEC should be a case study in government control and ineptness.
The SEC lectures on how it is there to protect the population. They actually post a tweet saying not to believe stuff on the internet—but rely on the SEC sources. Then…they post a bogus tweet because the chair of the SEC got hacked?
The are like dealing with children. I bet Gensler’s password was password. Friggin moron.
I read the book in college years ago.
Now…go back and read reviews and analysis of that book and see how it got the whole thing incorrect. It was based on “stories” and “legends” instead of easily obtained facts.
I have never suggested anyone on FR buy a bitcoin or any other crypto. Nor would I.
But spouting tired old myths is like declaring their “be dragons in those waters.”
Bitcoin is not that complicated. Nor is it sinister. It is merely the best performing asset in the last ten years. That is mostly because it isn’t beholden to the Fed or any other Central Bank.
Everyone needs to make their own decision about it.
I smell FOMO in many of the posts on this subject.
FOMO is very hazardous to anyone’s financial health.
You too my FRiend, you too;)
Hey, I thought you were invested in crypto? Early on no less.
They wouldn’t have it if they were paying attention the last couple days. Haha.
This is a classic “sell the news” event. It will be a better buy in a month or so.
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