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Everyone who believes cryptocurrency is the future, go buy groceries and then come back to us.

submitted by Hey_guys_whats_up to whatever 2.7 yearsAug 31, 2021 09:52:16 ago (+12/-3)     (whatever)

And realize how dumb you were for thinking crypto is the future. Congratulations, you got played by a (((speculators))) market.


59 comments block

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[ - ] Hey_guys_whats_up [op] 11 points 2.7 yearsAug 31, 2021 09:54:39 ago (+11/-0)

Tap that wifi icon on your phone. Okay so you don't have internet now.

Okay, so what? You might ask. Oh well you might notice all of your money is now gone and useless. Just like that, your life can be deleted. Way of the future amirite?

[ - ] SulemanSeinfeld 4 points 2.7 yearsAug 31, 2021 10:10:12 ago (+4/-0)

I've stated numerous times on the Voats, that I am absolutely retarded.

That said, this is what I never understood about crypto; what happens when they shut the internet down?

My neighbors kid (32 yo who still lives at home btw) is always showing me how much *money he has. I asked him once about the internet going poof & he looked at me like I was retarded.

I still don't get it.

[ - ] MrPancake 6 points 2.7 yearsAug 31, 2021 10:19:20 ago (+6/-0)

I think crypto is a hobby; that being said, unless you have cash, without power or internet the money you have in your bank is also gone.

[ - ] SulemanSeinfeld 3 points 2.7 yearsAug 31, 2021 10:29:50 ago (+3/-0)

This is true as well. Ive been in a bank when their systems were down and it was an absolute shit show.

I keep a bit of gold & diamonds, but my most prized possessions are my hand tools & books. When it all goes to shit I should be able to barter quite well as I can make a wide variety of stuff.

[ - ] deleted 2 points 2.7 yearsAug 31, 2021 13:48:27 ago (+2/-0)

deleted

[ - ] Scyber 1 point 2.7 yearsAug 31, 2021 18:27:18 ago (+1/-0)

None of that shit matters when natural disasters hit. People just steal what they need. It's happening in New Orleans as I'm typing this.

[ - ] SulemanSeinfeld 0 points 2.7 yearsAug 31, 2021 14:04:46 ago (+0/-0)

Oh, well in that case Id have to make you something fancy enough to make Rietveld jealous.

[ - ] account deleted by user 6 points 2.7 yearsAug 31, 2021 10:19:37 ago (+6/-0)

account deleted by user

[ - ] dalai_llama 1 point 2.7 yearsAug 31, 2021 12:04:08 ago (+1/-0)

Ya, but every state has vulnerable critical infrastructures. They know not to infringe on each other because of the threat of mutual destruction.

That is why the feds are paranoid about terrorism. Asymmetric warfare is not subject to mutual destruction.

[ - ] account deleted by user 1 point 2.7 yearsAug 31, 2021 18:53:47 ago (+1/-0)

account deleted by user

[ - ] dalai_llama 0 points 2.7 yearsSep 1, 2021 13:26:20 ago (+0/-0)

lol, point taken.

[ - ] lord_nougat 1 point 2.7 yearsAug 31, 2021 13:25:38 ago (+1/-0)

For every person like me that is fascinated by running water, there are 19 that intuit that water comes from the faucet.

Those are not people. Those are NIGGERS.

[ - ] 1Icemonkey 3 points 2.7 yearsAug 31, 2021 10:19:20 ago (+3/-0)

Yeah, you and I both. I mean, considering the whole of the internet is fake and gay.

[ - ] joesfoot 3 points 2.7 yearsAug 31, 2021 10:44:28 ago (+3/-0)

your bank money also stops working..

since most places now accept contactless payment, swapping from fiat to crypto is very easy. but this will have to be the fedcoin, if not, they will literally shoot people

[ - ] dalai_llama 2 points 2.7 yearsAug 31, 2021 12:08:21 ago (+2/-0)

There was a question on the 2020 1040 form that asked you to check a box if you had any "financial interest in any virtual currency" throughout 2020.

They're already looking.

[ - ] lord_nougat 2 points 2.7 yearsAug 31, 2021 13:26:42 ago (+2/-0)

Nope, I was totally disinterested and bored with all of my bitcoins, sir!

[ - ] NeoNazirite 0 points 2.7 yearsAug 31, 2021 12:40:54 ago (+1/-1)

You have it right. But that's the only risk. Many think the internet being shutdown is a bit unlikely.

Decentralization means a global shutdown is about the only thing that would halt crypto. Not gonna happen, but if it does allocations in crypto isn't much of a concern. Booze and bullets will spend better then.

But part of my wealth keeps growing, while my other hedges collect dust.

[ - ] SulemanSeinfeld 1 point 2.7 yearsAug 31, 2021 13:04:41 ago (+1/-0)

I see. Thanks.

I'll just keep my head down in my books & build shit.

[ - ] NeoNazirite 0 points 2.7 yearsAug 31, 2021 17:22:40 ago (+0/-0)

That'll be more rewarding than fake money growing in some wallet in Hong Kong. (So I guess there are multiple risks)

[ - ] mikenigger 3 points 2.7 yearsAug 31, 2021 10:23:56 ago (+3/-0)

what if the planet is hit by a massive asteroid?

add that to your list of q-tier scenarios

the ledger isn't going anywhere, if the outage isn't temporary you have bigger things to worry about.

[ - ] domains 4 points 2.7 yearsAug 31, 2021 12:48:39 ago (+4/-0)

OP buys high and sells low

[ - ] derpfroot 4 points 2.7 yearsAug 31, 2021 11:21:21 ago (+4/-0)

I'm going to say something you may not be aware of, but you absolutely can go buy groceries. There's an offramp to get any other currency you want. So exchange some for a few hundred bucks, then go shopping....done.

That being said, I think crypto as an investment is gay. Anything meant to be a currency, that fluctuates that much, isn't worth it.

[ - ] jewsbadnews 3 points 2.7 yearsAug 31, 2021 11:26:36 ago (+3/-0)

I don’t know anyone who treats crypto as a replacement for real money. Not much you can buy with it with anyways so i dont know anyone who thinks this. Most people just buy and sell until they got enough to turn it into fed notes. OP is just mad cause he missed out on the the 21st century gold rush.

[ - ] mongre 3 points 2.7 yearsAug 31, 2021 11:22:32 ago (+4/-1)

Aren't you just speculating the internet will go down?

oh also...https://www.bitcoin.com/bitcoin-atm/

Even more fucked, keeping your wealth in fiat!

[ - ] try 2 points 2.7 yearsAug 31, 2021 13:18:33 ago (+2/-0)

A Jew did not like your facts and downvoted you!

[ - ] mongre 3 points 2.7 yearsAug 31, 2021 13:23:14 ago (+3/-0)

That's how I know I'm right.

[ - ] deleted 2 points 2.7 yearsAug 31, 2021 13:47:40 ago (+2/-0)

deleted

[ - ] MrBrizola 2 points 2.7 yearsAug 31, 2021 12:19:53 ago (+3/-1)

Congratulations on winning the award for the worst take ever seen on Voat!

Oh you don't want to get in on the ground floor of the fasting appreciating asset class of the entire history of humanity? Good for you. That will really show (((them)))

I have a crypto.com card. It takes 10 seconds to turn crypto into cash and then cash into groceries.

[ - ] NeoNazirite -1 points 2.7 yearsAug 31, 2021 12:45:30 ago (+0/-1)

Plus 1 for the CRO card

[ - ] mikenigger 2 points 2.7 yearsAug 31, 2021 12:00:09 ago (+2/-0)*

[ - ] Hey_guys_whats_up [op] 2 points 2.7 yearsAug 31, 2021 12:17:56 ago (+2/-0)

The people managing that bitpay company are a bunch of pajeets and the board of advisors is a bunch of heebs. Coinbase is known to exchange personal transaction information with the government. Peak clown world.

[ - ] Cynaboobs 2 points 2.7 yearsAug 31, 2021 11:16:48 ago (+2/-0)

Ecoin are the latest pyramid scheme brought to you by none other than the same guys who manipulate and crash the economy on a regular basis.

This is all part of the overall Plan. Useful idiots who have bought into the plan and tell others its such a great idea look at all my shekels are prime examples of another successful scheme.

[ - ] Teefinyomouf 2 points 2.7 yearsAug 31, 2021 11:03:50 ago (+3/-1)

Enjoy staying poor.

You go ahead and stay a simple kind of man, one you can love and understand. Forget your lust for the rich man's gold. All that you need is in your soul.

You do that while the rest of us see 50x (10,000%) gains in a year. Solana. Solana. Solana. Solana.

Have fun with the crashing dollar, unstable gibbserment, and unreal property taxes on your chicken farming homestead. You do that while the rest of us keep the fruits of our labor in BTC. You stay tied to your land and bleed out on it while the rest of us move our life savings around the world with a few bits of data.

[ - ] Rotteuxx 2 points 2.7 yearsAug 31, 2021 12:16:43 ago (+2/-0)

Must be nice living in la-la land like that and thinking you're above reality, nursing a superiority complex typical of cityots who are totally disconnected from real life.

You pay taxes on property too, either directly or through you soyboy rent, they'll shoot up in the city long before homesteaders see an increase.

So what happens to your saving if the power goes out or interwebs is down? You're then penniless and powerless to do anything with it.

[ - ] NeoNazirite 3 points 2.7 yearsAug 31, 2021 12:48:00 ago (+3/-0)

You hedge against that scenario, stupid.

Going all in on any financial play is too risky.

You can get rugpulled by most institutions

[ - ] try 0 points 2.7 yearsAug 31, 2021 13:19:32 ago (+1/-1)

A Jew did not like your facts and downvoted you!

[ - ] deleted 1 point 2.7 yearsAug 31, 2021 23:14:35 ago (+1/-0)

deleted

[ - ] lord_nougat 1 point 2.7 yearsAug 31, 2021 13:24:12 ago (+1/-0)

K, I bought groceries.
Now what?

[ - ] KCobain27 1 point 2.7 yearsAug 31, 2021 13:08:53 ago (+2/-1)

Okay so it's cool your tarded. My sister was tarded, now she's a lawyer.

[ - ] lord_nougat 2 points 2.7 yearsAug 31, 2021 13:29:03 ago (+2/-0)

OH No! That's WORSE than tarded!

[ - ] KCobain27 3 points 2.7 yearsAug 31, 2021 16:05:59 ago (+3/-0)

I look tarded using "your" incorrectly but it adds to the retardation in this post so I will leave it.

[ - ] lord_nougat 1 point 2.7 yearsAug 31, 2021 20:39:38 ago (+1/-0)

Bonus tard points = WINNING!!

[especially in CLOWN WORLD! (doublehonk)]

[ - ] jammicsmith 1 point 2.7 yearsAug 31, 2021 12:41:38 ago (+1/-0)

People have been saying this since a Bitcoin was valued at less than a $.01 USD and they'll be saying it after a Bitcoin is valued at over $10M USD. The reality is, there is intrinsic value to Bitcoin. Same as with any fiat. Its valuable because other people want it and will give value for it. Why do people want it? They see what is happening to fiat.

The entire value of the banking system is built on the convenient ability to transfer wealth by using a trusted 3rd party. Every 3rd party in history has proven untrustworthy, but we always deal with it because of the enormous value they provide by making it convenient to transfer value.

With the blockchain, the 3rd party is incorruptible. The ability to transfer value remains. Its been around for 15 years and has gone from less than a penny to $50k. It did this because it is valuable.

When the tools are built to fix some issues (ease of use, government regulation, fees, etc) it will be the most valuable financial system ever created.

Not that your point has no merit, powerful people will attempt to sabatoge it to retain their power. They may succeed or they may fail, but USD is absolutely being stolen through inflation. I'll take my chances with Bitcoin.

[ - ] Kung_Flu 0 points 2.7 yearsAug 31, 2021 14:26:02 ago (+0/-0)

The only intrinsic value bitcoin has over other cryptos is inertia, which largely is due to first-mover advantage. It's temporary. Etherium looks to be a better candidate for long term.

[ - ] GoatsAdvocate 1 point 2.7 yearsAug 31, 2021 12:01:29 ago (+1/-0)

Can you go buy groceries with gold and silver?

No. You exchange it for fiat and buy groceries with that.

Same with crypto.

If the internet is shut down, how will you access an atm to withdraw all your virtual money sitting in a bank?

[ - ] Hey_guys_whats_up [op] 1 point 2.7 yearsAug 31, 2021 12:10:38 ago (+1/-0)

In the past you could buy groceries with gold or silver until the jew government outlawed it so they could control us with fiat. I didn't say that USD was good, just that Bitcoin isn't a pragmatic replacement, it's merely a money making scheme. If you utilize it for that then whatever but I hate seeing people say it's the future and will replace fiat but never actually explain how it's going to be practically implemented into daily living scenarios.

[ - ] GoatsAdvocate 0 points 2.7 yearsAug 31, 2021 13:36:24 ago (+0/-0)

How about the present?
If people have implemented online banking with a swipe of a card to pay for things, it can be done with cypto. I don’t see how that’s a difficult thing to grasp.

[ - ] Rotteuxx 1 point 2.7 yearsAug 31, 2021 12:11:10 ago (+1/-0)

Farmers around me will jump on gold or silver before fiat.

City slicker mentality.

[ - ] GoatsAdvocate 0 points 2.7 yearsAug 31, 2021 13:40:31 ago (+0/-0)

We could go on and on establishing a hierarchy of things to barter with.

The reality is crypto is on the hierarchy of things that are traded. It’s not the highest, sure. But weapons and ammo will take your gold and silver.

[ - ] domains 0 points 2.7 yearsSep 1, 2021 12:54:37 ago (+0/-0)

i also have this whole koolaid gallon someone ordered. if it remains unclaimed i will have no other choice than to drink it

[ - ] domains 0 points 2.7 yearsSep 1, 2021 12:53:42 ago (+0/-0)

who wanted the butter?

[ - ] Scyber 0 points 2.7 yearsAug 31, 2021 18:25:23 ago (+0/-0)

If you still don't know how crypto works after all these years, then you're probably retarded.

[ - ] bonghits4jeebus 0 points 2.7 yearsAug 31, 2021 17:33:10 ago (+0/-0)

Wat?

[ - ] zr855 0 points 2.7 yearsAug 31, 2021 15:24:05 ago (+0/-0)

If op isn't a kike he clearly doesn't know jew banks create money.

https://www.youtube.com/watch?v=JG5c8nhR3LE

[ - ] zr855 0 points 2.7 yearsAug 31, 2021 15:21:32 ago (+0/-0)

Found the kike that wants us to keep using Jew USD. Fuck you kike!

[ - ] beece 0 points 2.7 yearsAug 31, 2021 13:12:59 ago (+0/-0)*

Interesting article on this subject: https://www.marketwatch.com/story/heres-why-this-billionaire-investor-predicts-cryptocurrencies-will-go-to-zero-11630323430?siteid=yhoof2

Dated yesterday, titled: "Here’s why this billionaire investor predicts cryptocurrencies will ‘go to zero’" Which doesn't really mean shit, a few years back the largest owner of bonds (Bill Gross, Pimco Fund) said that they were overvalued and due for a YuGE crash. Which never occurred....or hasn't yet.

[ - ] NeoNazirite 0 points 2.7 yearsAug 31, 2021 12:44:14 ago (+1/-1)

I do it all the time, and I get cash back when I do it.

You sound like a dumb boomer who will be left behind.