Current Events > Crypto is about to collapse. "Stable" coin USDC is now worth $0.91

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MarthGoomba
03/11/23 9:32:13 AM
#1:


https://gamefaqs.gamespot.com/a/user_image/4/5/2/AAeZ8iAAERD0.png
Looooool

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Turtlebread
03/11/23 9:33:19 AM
#2:


its the future of finance

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Trumpo
03/11/23 9:41:23 AM
#3:


Tether still stable

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Shotgunnova
03/11/23 9:42:56 AM
#4:


https://gamefaqs.gamespot.com/a/user_image/4/5/6/AABhrNAAERD4.jpg

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FaultyCircuitry
03/11/23 9:43:21 AM
#5:


Trumpo posted...
Tether still stable

However, this cannot be said about cryptobros tether to reality

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SHRlKE
03/11/23 9:43:42 AM
#6:


lmao why are you posting a photo of my fucking cat

https://gamefaqs.gamespot.com/a/user_image/7/1/6/AAfPfjAAELBU.jpg https://gamefaqs.gamespot.com/a/user_image/7/4/6/AAfPfjAAELBy.jpg

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Shotgunnova
03/11/23 9:46:17 AM
#7:


Smirking cats are the best reaction images.

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And watch the city spread out just like a jet's flame
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DKBananaSlamma
03/11/23 9:47:22 AM
#8:


lolcrypto

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Neon >_>
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Kaiganeer
03/11/23 9:49:05 AM
#9:


https://gamefaqs.gamespot.com/a/user_image/5/6/7/AAUJr4AAD8lH.jpg
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#10
Post #10 was unavailable or deleted.
Squall28
03/11/23 9:50:32 AM
#11:


Bitcoin is still $20k. I don't believe in crypto, but that shit has some strong ass legs.

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SuperShake666
03/11/23 9:50:51 AM
#12:


I hope cryptobros lose every penny. Fuck'em.

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Timmyjinkle
03/11/23 9:54:56 AM
#13:


I'd be more worried about your stock portfolio, especially if you were heavily into financial institutions.

"U.S. banks have lost over $100 billion in stock market value and European banks have shed another $50 billion in value over the past two days"

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thronedfire2
03/11/23 10:00:20 AM
#14:


Squall28 posted...
Bitcoin is still $20k. I don't believe in crypto, but that shit has some strong ass legs.

it only still has value because not everyone is selling yet. If more people start trying to sell it will plummet, but Im guessing its being held up by people who bought it at higher than 20k

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Turbam
03/11/23 10:02:50 AM
#15:


People have been saying that the end of crypto is coming for like four years now.

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famfam
03/11/23 10:04:10 AM
#16:


thronedfire2 posted...
it only still has value because not everyone is selling yet. If more people start trying to sell it will plummet, but Im guessing its being held up by people who bought it at higher than 20k

so like every other investment?
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thronedfire2
03/11/23 10:11:26 AM
#17:


famfam posted...
so like every other investment?

most investments actually have some tangible assets or businesses involved and arent just 100% speculation and pyramid schemes

and stocks pay dividends

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rexcrk
03/11/23 10:15:19 AM
#18:




F***in meme currency..


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Squall28
03/11/23 10:44:31 AM
#19:


famfam posted...
so like every other investment?

If you own Apple stock and everyone sells their stock to you, you will own Apple. Every iphone or apple product sold will be money in your pocket.

If you own every Bitcoin, you'll own nothing.


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#20
Post #20 was unavailable or deleted.
Tyranthraxus
03/11/23 10:47:47 AM
#21:


"It's unregulated and decentralized" Bros speedrunning the lessons of the 1930s any% (WR)

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It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
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Damn_Underscore
03/11/23 10:48:50 AM
#22:


Im glad I never took crypto seriously as an investment. Basically people say dont waste your time investing in forex and I used that logic with crypto, seemed to work

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Why should we wait for some better time?
There may not even be a tomorrow.
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whitelytning
03/11/23 11:24:44 AM
#23:


SuperShake666 posted...
I hope cryptobros lose every penny. Fuck'em.

Why? Why are you bothered by it to the point of saying that. Just jealousy or FOMO?

I understand not putting money into crypto because you dont think its a good use of your money. I dont understand the hatred for others that do. It has no effect on you.

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Squall28
03/11/23 11:33:18 AM
#24:


whitelytning posted...
Why? Why are you bothered by it to the point of saying that. Just jealousy or FOMO?

I understand not putting money into crypto because you dont think its a good use of your money. I dont understand the hatred for others that do. It has no effect on you.

Crypto burns fossil fuels for literally no reason. At least with cars, you can say we need it to travel.

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Euripides
03/11/23 11:35:47 AM
#25:


Who could have predicted this?

Oh, right, everybody

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#26
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Damn_Underscore
03/11/23 11:36:42 AM
#27:


Its really really stupid and annoying how people have made cryptocurrency a significant part of their politics.

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Why should we wait for some better time?
There may not even be a tomorrow.
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coolguyjimmy
03/11/23 11:39:47 AM
#28:


The stock market is increasingly populated by intangible companies. Some 40% of public stocks quoted in the U.S. have negative tangible book value, meaning that their tangible assets arent worth enough to repay all their debt. Two decades ago, this was only true of 15% of companies, according to Vincent Deluard of INTL FCStone Inc., who has carried out intensive research on the subject. (https://www.bloomberg.com/)
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SHRlKE
03/11/23 11:40:41 AM
#29:


Shotgunnova posted...
Smirking cats are the best reaction images.

https://gamefaqs.gamespot.com/a/user_image/5/3/5/AAfPfjAAERFH.jpg
you what

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Damn_Underscore
03/11/23 11:42:53 AM
#30:


coolguyjimmy posted...
The stock market is increasingly populated by intangible companies. Some 40% of public stocks quoted in the U.S. have negative tangible book value, meaning that their tangible assets arent worth enough to repay all their debt. Two decades ago, this was only true of 15% of companies, according to Vincent Deluard of INTL FCStone Inc., who has carried out intensive research on the subject. (https://www.bloomberg.com/)

This sounds like it could be very misleading. In the last two decades a lot of digital and internet-based companies formed and went public, and they would logically have fewer tangible assets than legacy companies

Nintendo is probably an example of a company with very low tangible assets but an insane amount of intangible assets.

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Why should we wait for some better time?
There may not even be a tomorrow.
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1337toothbrush
03/11/23 11:46:35 AM
#31:


"People keep saying [scam] will fail but it's been [amount of time] and it's still going!"

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AceMos
03/11/23 11:52:03 AM
#32:


whitelytning posted...
I understand not putting money into crypto because you dont think its a good use of your money. I dont understand the hatred for others that do. It has no effect on you.
yes yes it does

it impacts the environment

it is the reason its so hard to get a graphics card

it almost ruined video games forever


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FaultyCircuitry
03/11/23 12:23:40 PM
#33:


AceMos posted...
it is the reason its so hard to get a graphics card

It was for a while, but they're extremely simple to get at or even below MSRP

The rest of your post is spot on tho


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thronedfire2
03/11/23 12:50:14 PM
#34:


Damn_Underscore posted...
This sounds like it could be very misleading. In the last two decades a lot of digital and internet-based companies formed and went public, and they would logically have fewer tangible assets than legacy companies

Nintendo is probably an example of a company with very low tangible assets but an insane amount of intangible assets.

yeah their IPs are worth a ton. Imagine how much MS would pay to own Zelda or Mario?

crypto doesn't even have that.

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1337toothbrush
03/11/23 1:03:53 PM
#35:


FaultyCircuitry posted...
It was for a while, but they're extremely simple to get at or even below MSRP

The rest of your post is spot on tho
Except MSRP is ridiculously inflated.

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andel
03/11/23 1:10:21 PM
#36:


crypto is a scam for regular people, even more than the regular stock market is a scam for regular people. it isn't collapsing though, at least not yet.

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SHRlKE
03/11/23 1:40:19 PM
#37:


Bitcoins next halving comes in 2024. That will be the big test.

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Ether_Strike
03/11/23 1:41:02 PM
#38:


bro the entire financial system is about to collapse lmao

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When I am taken, all my memories will fade, crowded out by eternal suffering.~Benjamin "Yahtzee" Croshaw
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Dat_Cracka_Jax
03/11/23 1:54:52 PM
#39:


How much is a dollar worth today?

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http://img705.imageshack.us/img705/5517/cateyes.gif Rams: 7-9
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Tyranthraxus
03/11/23 1:57:51 PM
#40:


Dat_Cracka_Jax posted...
How much is a dollar worth today?
About tree fiddy

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It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
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1337toothbrush
03/11/23 2:07:42 PM
#41:


Dat_Cracka_Jax posted...
How much is a dollar worth today?
One dollar.

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