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The Water Cooler
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Own crypto’s?
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<blockquote data-quote="GlockPaperScissors" data-source="post: 3778024" data-attributes="member: 8374"><p>Moving crypto around costs money. There are fees for everything. When you buy, sell, or move your crypto you pay a fee. Most people do not use wallets because of the learning curve and the risk of losing everything by making a simple mistake. It is a Ponzi casino that is designed to destroy people. All the money you win comes from people that lost. All markets work like this. I treat it like a casino in my home. I was telling people to get out of stable coins before this latest fiasco with Terra USTUSD and LUNAUSD. Tether has the potential to do the same thing to the market when it loses its peg to the dollar. I called the 26K target when we were at 39K. I remember buying at 13K, and I remember when it was under $100 and nobody was interested. There are no safe investments. There is always a bunch of fine print. They want you to sell at a loss. Buy a crash and sell soon after. Safest bet is not to play. The house always wins. It is just a money fight. Nobody wants the crypto. Just the profit. FTX.US now has LedgerX.com so the USA can short crypto without needing a VPN to use a foreign exchange. I always said when the USA gets exchanges that let them short, the Ponzi will get wrecked. Good luck out there.</p></blockquote><p></p>
[QUOTE="GlockPaperScissors, post: 3778024, member: 8374"] Moving crypto around costs money. There are fees for everything. When you buy, sell, or move your crypto you pay a fee. Most people do not use wallets because of the learning curve and the risk of losing everything by making a simple mistake. It is a Ponzi casino that is designed to destroy people. All the money you win comes from people that lost. All markets work like this. I treat it like a casino in my home. I was telling people to get out of stable coins before this latest fiasco with Terra USTUSD and LUNAUSD. Tether has the potential to do the same thing to the market when it loses its peg to the dollar. I called the 26K target when we were at 39K. I remember buying at 13K, and I remember when it was under $100 and nobody was interested. There are no safe investments. There is always a bunch of fine print. They want you to sell at a loss. Buy a crash and sell soon after. Safest bet is not to play. The house always wins. It is just a money fight. Nobody wants the crypto. Just the profit. FTX.US now has LedgerX.com so the USA can short crypto without needing a VPN to use a foreign exchange. I always said when the USA gets exchanges that let them short, the Ponzi will get wrecked. Good luck out there. [/QUOTE]
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