Well what new ideas do we need to accept? Is it the idea that it is a shitty investment?
Is it the idea that consumes insane amount of energy to mine a transact for a terrible 7 TPS?
Or is it the idea that the price is heavily manipulated by centralized exchanges with wash trading?
What books does the immediate family and Friends ends need to read and what podcasts do they need to listen? Do they need to be brainwashed 1,000 hours or 10,000 hours by influencer shillers?
Maybe the bro doesn't get that he is part of the greater fools game and most of the population has figured it out but he hasn't.
He will one day... But it will be too late.
It is sad that he himself is not open to new ideas that it is a decentralized ponzi.
"I'm trying to get people to jump off this cliff with me, but they keep asking too many questions and pointing to the dead bodies at the bottom. I wish they'd watch the same YouTube videos I see showing the cool people that sprout wings and fly into extreme wealth. People are so closed minded."
Few lemmings understand
Really only the ones that the Disney crew yeeted across a camera to start the whole myth
Nah, he just wants family and friends to be bagholders with him so they can stop asking "wen Lambo" at every thanksgiving. 😂
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We are forced to think about it, since the govt is knee deep in it and the current president is doing open corruption. Hard to ignore eh. Eric Adams just rug pulled a bunch of rubes. It’s ubiquitous.
Oh Jesus. Cry me a river
No thanks, but I will laugh at you suckers
Willing to bet you spend more time in this sub than anyone, tbh.
lol. No I do not follow things I don’t like, this popped up in the feed, I got confused that there’s actually people that comment and post EVERY DAY, about something you don’t like lol. What a sad pathetic life. OH and I did actually mute this page once I left that comment so I couldn’t see more things that I don’t follow or enjoy. What you guys do is fucking weird. Goodbye and thank you for the downvotes
There’s scholars and academics that study and write on things like fascism, communism, and genocide etc every day. Do you think they have to “like” those things to do that?
Most of here don’t post every day but are interested in crypto as a phenomenon. Thats perfectly reasonable.
Are crypto bros really such men-children that they think anything one devotes time or interest to must be something they “like”?
This is why we think you’re all deeply unserious people.
Whatever you gotta tell yourself man
That's kind of like asking someone why he doesn't like grift and corruption but he spends all day talking about it, isn't it? :)
People just know the law: the degree to which you should invest in something is in inverse proportion to the number of podcasts required to understand the investment.
No one is interested. Too bad the value of your shit is highly dependent upon people being interested.
He seems depressed. Someone should go fake interest. Tell him he's early or something.
They have open minds, but not open sphincters
I own a lot of shipping stocks, but I don't go around pumping them.
You know why? Because they have actual utility and haul actual things that people need in the world, for which they get paid, and the profits then largely go to stockholder dividends.
They don't need new suckers to buy them to keep the Ponzi going.
I owned stock in an oil midstream company and never once tried to convince someone else to buy. The 7% dividend was justification enough. And those dividends were already converted to filthy fiat that I could use at anyplace I wanted to buy something.
Funny how that works, isn't it?
I used to think I didn't even care about the stock price at all.
But then I found out the hard way that if a stock gets so cheap that it's a can't lose no-brainer, private equity will make a tender offer and I'll make some money, but not even close to the multi-bagger I was expecting.
As a matter of fact, it would probably be awesome for you if NO ONE bought shares in the shipping companies. The price would drop to a dime or something and maybe you could buy the whole damn company.
Whereas if you owned every bitcoin ever mined, you’d have bupkiss.
I thought the same thing. Good, get cheaper, I'll just buy more.
But you don't actually want them to get too cheap. Eventually, no matter how obscure they are, some private equity group will find them and make a tender offer for say 30% above the stock price. Which is a pittance compared to what they would make in the next decade.
Ask me how I know. :-(
True, I getchoo. I was kinda just speaking hypothetically, but I getchoo.
I am not calling anything a ponzi here, I have no proof of it. But I'm really interested in the fact that there are people in that subreddit who keep posting AI images, future price predictions, posts about the people here being dumb and what-not, which is aimed to... do what exactly? Prove a point? Motivate the person who posts those? Motivate others? Own the haters?
For something that is supposed to be an investment/digital gold/whatever, it sounds to me that people who invest in it are way too emotional about it. I personally couldn't care less if the company I invested in through the shares/funds I buy is called a scam or ponzi. Sure, I would consider my options there, maybe sell the funds/shares, maybe do my research better, maybe consult a financial advisor/analyst... but going onto try and convince people to buy the same fund/share/any other investment? Why would anyone do that?
This whole thing seems a little bit triangular, but it must be because I'm thinking too hard about it.
You're just early 😆
Few understand!😤
Oh noes, I don't know anyone who's brainwashed themselves with delusional bullshit and can't dump my bags on them. Yeah, it must be everyone else that "doesn't get it" 🙄
What I find funny is inside buttcoiners there's this dual necessity to both need everyone to believe in bitcoin but to also brag about how it doesn't bother them if other people "dont want to know the truth" cause "its not my job to convince you"
They will contradict themselves in astonishing fashion
Don't forget that the delusion includes a future where people with have to pay ANY PRICE NECESSARY for their coins.
Why? No idea. What do I need magic beans for?
Except in this magical future it's the defacto currency, so everyone is already getting their salaries paid in magic beans, and going to the grocery store to buy milk with their magic beans.
That’s one of the weird sticking points with the delusion…
If we reach a hypothetical future where crypto is the defacto currency… what would we be paying as a price for these coins? If all other currencies are defunct… then aren’t we all just paying with and using crypto now, so the “price” is just 1:1?
I mean sure they might be claiming that they can buy so many goods off of one coin, but in a collapse of the current monetary system, I imagine most communities would revert to bartering over accepting some new currency.
The world where crypto dominates is this weird hypothetical apocalypse where all current existing systems of finance and most governing bodies collapse simultaneously, yet somehow all the basic infrastructure of the modern world survives and is perfectly maintained and maintainable with no other disruptions. Which is a really, really bizarre scenario, and one that just seems unreasonable on its face.
It is a very unrealistic scenario. But it is not intended to be realistic, they have just very specific an-cap fetishes.
They believe that the current system is 'obviously' broken, and 'obviously' everybody agrees that it is broken in the very specific way they think it is broken, and the 'obvious' solution that will arise in its place is obviously be the one they like.
Billionaires will be begging for their coins.
I did the same thing in my MLM days. I still remember what my upline said. "It's okay if people don't join, we still need people to pour the coffee, pump the gas and clean the streets. It just doesn't have to be you".
People feel powerless and poor and don't know they're dumb thanks to innovations in America's public school system. Half funny, half sad: Fad.
It mirrors Narcissist Personality Disorder. "I'm perfect and amazing but also everyone is out to get me."
I think it's mostly a large dose of Dunning-Kreuger with a side of sunk cost fallacy.
Those pair well with NPD 🍷 haha
I really wonder how many followers Jim Jones would have developed if YouTube existed in his era? I work with a nut job that listens to these YouTube videos and claims that we are actually at war with China in the South China Sea. Not only that would killed over 12,000 in the Chinese military and we've only had three people injured.
Oh, remember like 2019 or so when online idiots spread a story that Communist China had invaded the US, from Canada into rural New England, and we’d killed like 10,000 of their infantry with B52 bombing runs?
"accept new ideas"
Bro this thing is not a new idea. It's almost 20 years old. The golden age of Bitcoin was when silk road was around. Now it's a Larry Fink fund that underperformed the market by 30% last year
No one will join to be the bottom of this triangle shaped financial opportunity of a lifetime I fell for!
Trump was the final nail. Literally killed the entire Bitcoin thesis with graft and corruption. Better off investing in banks or pipelines at this point because big tech is rapidly devolving into a huge scam too.
You know who else had an open mind? Stockton Rush. That went real well.
No one needs a book or podcast to invest into a broad index fund or to buy shares of Coke, Amazon, or P&G. No one needs convincing for these investments.
If you need to “convince” people or yourself that BTC is a sound investment, then it really isn’t.
Poor butter, failed to find greater fools in his circle of family and friends. Maybe he should try peddling Amway next Christmas.
Bitcoin fixes this. Few.
Digital gold. Future of finance. So early.
To the moon baybeh!
Have fun staying early!
We are still poor!
But having fun staying that way!
Ape, anyone with a vaguely critical mind, would come to the conclusion it's at best a gamble with better odds to the house. So many stocks vastly outperformed criminal money on any meaningful timescales.
The only reason Apes remain Apes, is because they wired their money to criminals, and refuse to take the L and keep trying to find exit liquidity among their loved ones.
Don't evangelise, people don't fucking care about your passions, and if they are interested, they'll ask.
The most tedious people in the world are the ones who want to convince you of something you couldn't care less about.
It's hard out there for a cultist.
What else would they talk about at major family gatherings?
This guy is so entrenched in his online crypto community, that he doesn’t realize how annoying he comes off to most normal people in real life.
If "real pain" were enough to get people to change their minds, then being around this guy for any length of time should have done the trick.
Early? Tf you talking about.
I'm genuinely curious, what books? Like are they about people theorizing what Bitcoin could do if it actually fulfilled its promised benefits?
Apparently there are quite a few. I've only read the overviews, but: They hammer the "broken" American economy and how Bitcoin will fix it. Satoshi is God, or maybe Jesus. All who own Bitcoin will be massively wealthy. Many have charts included.
I mean,he gives up on trying to sell his religion to people who aren't interested in his byte god.
Maybe he could try preaching Xenu instead?
He still thinks everyone else is the idiot 😂
In fairness to that sub, the most upvoted comments are people telling him not to be that insufferable guy who talks like a salesman at every chance.
In fact the comment section generally has been a lot more grounded in there of late, as if reality has been leaking in.
Honestly better than the people who say "wow, I can't convince anyone, it's made it clear to me that we're so early!!"
"Over the holidays, I tried a little to talk, but no one was interested."
Oh, so you're that guy at the holiday gathering. If it's not Aunt Karen with her MLM pitch, Uncle Joe with his pro-MAGA talking points, it's Cousin Ron with his crypto shit.
This reminds me of the early days of the Internet - there were days I just had to give up trying to get people to get on the Internet because people just weren't interested.
/S, in case it's needed
Didn't Carlos Matos say his wife didn't believe in him? 🤣🤣
The one's who really get it hate it aswell
I think this is truly the beginning of the end. Even on crypto subs they are all giving up. The hype train finally has hit reality.
I can already imagine the replies in the OG thread, and it ain't pretty 🤡
The fact that all these people call it an investment is proof that this bubble will burst. Why? You may ask. - well because it's supposed to be a currency. And right now the only people using it as such are criminals. And anyone who buys this shit is only doing it because they later wanna sell it for more money. And when everyone does that, and when people realise that this isn't actually a currency. It'll crash.
"Oh but look at the graph!!!1!1" - yes, exactly, look at the graph. People are pouring in money in to this, hoping to double their investments. And for them to do so they need to sell it later on to the next person looking to do the same. That's the reason it goes up. But guess what? Some day there will be someone sitting there having paid an enormous sum of money for the bitcoins and trying to sell it for 2x. And realise that no one actually wants to buy it. And that's when the spiral begins. He will try to get his money back, and maybe even succeed. But then the price drops, and others will want to cut their losses and pull put asap. And there'll be a few suckers left holding the bag.
This. And you still haven't taken into account that Bitcoin has never gone through a serious economic downturn as the FED kept on printing money to save the day.
Also that corporate treasuries are sitting on tons of Bitcoin and they will eventually have to sell it to meet their financial obligations.
And the fact that the returns are diminishing, centralized exchanges are having a hard time to pump it up even with wash trading with unbacked stablecoin casino chips.
It will be a bloodbath. We just don't know when.
You would almost feel sorry for him, almost….
Does not mean instantly accepting whatever version of reality the person you're talking to is trying to sell. Sincerely questioning ideas is not being close-minded.
Maybe the books aren't very good?
Maybe the podcasters are all idiots?
Why would you throw money at a thing if you don't already think it's good for something?
It highlights the whole cognitive dissonance surrounding crypto. Why this need for validation and support? Like: look, I have invested in this asset that is guaranteed to be successful and bring me wealth - why would I need to promote it and convince family and coworkers?
You “really need an open mind” = can’t think critically and willing to accept any fast-talking bro talking shit
"My friend sees it's dropped 30% and he thinks it's a bad investment"
He's not really wrong, is he?
I think the issue is exactly in his own statement , every cult member behaves exactly as he does, somehow he has to preach to others his idea , somehow others has to read books to understand… it is an investment like many others , unless someone asks you shouldn’t go around and try to convince anyone.
Ĝi estas iom simila al esperanto. Ŝika ideo, sed ne praktika.
Mi studas Esperanton nur pro la mirinda manĝaĵo, belaj virinoj, kaj pejzaĝo.
I love how crypto bros pretend like they are being altruistic while trying to pump their bags.
I'd say thankfully their friends and family won't have to deal with the harassment anymore but let's be real they won't stop they are just there to vent
How is it a shitty investment?
I think I got here arguing about how crypto is dumb if you believe it to be a total replacement for global finance and currency.. Eth is cool bitcoins prettty cool. Just doesn’t solve a problem for me. I do like the idea of digital money but the anonymity is really gross to me personal Warren Buffett said what do I own if I own btc? Essentially nothing… some truth to that. But it is a cool peace of SaaS how you can get a key write it down destroy your wallet have people send coins to it then regenerate it with your private key xD that’s pretty cool specially if you like cryptography in general. But all no double currency nonsense nah dog stfu you think this runs on a printer nah don’t work like that economically speaking 14 banks are setting rates based of a meeting to a central bank the bailouts weren’t printed they were collected via taxes and cash on hand from selling bonds not printed not artificially created. But then there also you own the electricity it took to guess the coin or create it. >,> bro I don’t want to own that or web 3 the fucj do I care if that jpg that looks like every other jpg is my jpg…. <,<. … it looks like everyone else jpg so in efficient and meaningless… also ALL the scams bro put your fucking name on it so if it’s shady the feds can beat your ass. That’s what I want a coin where it’s like bro if anything shady happens let the fed have my chikes.
Oh boy, it will be delicious to come back to this thread in 10-15 years
Lemme guess, bitcoin is gonna be worth a million by then?
2 million* /s
Yes, though not for the reasons you think it will be.
Sure lol
Hey, why do people invest in companies that make valuable things by they have to be convinced of Bitcoins value?
I think it's fair to say in 10-15 years you'll still have numbers in a spreadsheet :)
Everytime you guys say this the horizon gets longer
LOL 5 years ago you said that time would be now.