Current Events > How to become a millionaire from cryptocurrency.

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Orlando_Jordan
04/26/21 2:08:56 PM
#1:


hodl

That's what MagicDonut did.

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ROOTFayth
04/26/21 2:10:48 PM
#2:


how do you stay a millionaire though!?
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Damn_Underscore
04/26/21 2:15:52 PM
#3:


leave reddits stock community right away

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H0LD_Austin_Era
04/26/21 2:17:37 PM
#4:


ROOTFayth posted...
how do you stay a millionaire though!?

You go around showing people on your app the million and never sell. Just hold and hold. Post lots of screenshots on forums also, but never sell.

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Chortlez
04/26/21 2:19:20 PM
#5:


Step 1: Throw all your money in ChainLink for the next 2 years
Step 2: Never sell
Step 3: ???
Step 4: Profit!!!
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Orlando_Jordan
04/26/21 2:22:31 PM
#6:


Chortlez posted...
Step 1: Throw all your money in ChainLink for the next 2 years
Step 2: Never sell
Step 3: ???
Step 4: Profit!!!
Chainlink? Algorand is considered the future of cryptocurrency.

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HODL
04/26/21 2:31:06 PM
#7:


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1337toothbrush
04/26/21 2:33:11 PM
#8:


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Orlando_Jordan
04/26/21 2:34:10 PM
#9:


1337toothbrush posted...
1) Be an idiot who gets lucky.
Just because you don't understand crypto, that doesn't mean it's pure luck.

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1337toothbrush
04/26/21 2:38:15 PM
#10:


Orlando_Jordan posted...
Just because you don't understand crypto, that doesn't mean it's pure luck.
Tell me what value crypto provides beyond being a vehicle for gambling.

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Orlando_Jordan
04/26/21 2:39:49 PM
#11:


1337toothbrush posted...
Tell me what value crypto provides beyond being a vehicle for gambling.
It's decentralized and not controlled by big banks or government.

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HODL
04/26/21 2:40:08 PM
#12:


Orlando_Jordan posted...

It's decentralized and not controlled by big banks or government.



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1337toothbrush
04/26/21 2:42:12 PM
#13:


Orlando_Jordan posted...
It's decentralized and not controlled by big banks or government.
Do you honestly think the government can't crack down on it? The second a big government makes laws or regulations on it, the "value" plummets through the ground. Being decentralized is not a value in and of itself.

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H0LD_Austin_Era
04/26/21 2:43:26 PM
#14:


The government/big banks control the internet also <_< Without the internet crypto loses all value.

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goldenBoi45
04/26/21 2:43:47 PM
#15:


Crypto just feels like penny stocks most of the time. The value of any said crypto is entirely dependent upon people's belief in it and them literally buying into it. Idk, maybe that's fine but I don't like it.

The fact that Elon Musk can basically pump and dump any crypto at will just by tweeting about it makes the whole system feel off.

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Orlando_Jordan
04/26/21 2:44:56 PM
#16:


goldenBoi45 posted...
Crypto just feels like penny stocks most of the time. The value of any said crypto is entirely dependent upon people's belief in it and them literally buying into it. Idk, maybe that's fine but I don't like it.

The fact that Elon Musk can basically pump and dump any crypto at will just by tweeting about it makes the whole system feel off.
Like it or not, Elon Musk is a whale. The little fish just have to ride the waves.

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HODL
04/26/21 2:46:41 PM
#17:


Singapore has no capital gains tax. Something to keep in mind if Biden is stupid enough to raise taxes.
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Squall28
04/26/21 2:48:25 PM
#18:


Orlando_Jordan posted...
It's decentralized and not controlled by big banks or government.

It's going to be controlled the second it gets too big.

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You can't go back and change the beginning, but you can start where you are and change the ending.
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Rathinor
04/26/21 2:48:50 PM
#19:


HODL posted...
Singapore has no capital gains tax. Something to keep in mind if Biden is stupid enough to raise taxes.
The proposed capital gains tax increases wouldn't hit like 80% of stockholders

You'd never be affected by it, so stop whining
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goldenBoi45
04/26/21 2:49:18 PM
#20:


Orlando_Jordan posted...
Like it or not, Elon Musk is a whale. The little fish just have to ride the waves.
Capitalism was a mistake.

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Orlando_Jordan
04/26/21 2:49:19 PM
#21:


Squall28 posted...
It's going to be controlled the second it gets too big.
And when will that be? It's already big.

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H0LD_Austin_Era
04/26/21 2:53:35 PM
#22:


In about 5 years it'll be a lot bigger. Those who didn't get on board will stay poor wasting money on liabilities.

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Squall28
04/26/21 3:00:06 PM
#23:


Orlando_Jordan posted...
And when will that be? It's already big.

It's not big. People don't use it as currency in any significant way. It's just a dream at this point, and people are putting money in in hopes of getting rich, not because they want to use it as a currency

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Orlando_Jordan
04/26/21 3:01:36 PM
#24:


Squall28 posted...
It's not big. People don't use it as currency in any significant way. It's just a dream at this point, and people are putting money in in hopes of getting rich, not because they want to use it as a currency
I'd use it as a currency if the grocery store, gas station, and Amazon accepted it.

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Chortlez
04/26/21 3:03:44 PM
#25:


Orlando_Jordan posted...
Chainlink? Algorand is considered the future of cryptocurrency.

Chainlink is the defacto oracle network standard for smart contracts. This is the fun part; smart contracts will revolutionize the way business is conducted. This is bigger than the app store revolution, bigger than the adoption of the internet even. I implore you all to read up on what exactly a smart contract is and how the world benefits from it.

https://smartcontentpublication.medium.com/completing-the-god-protocols-a-comprehensive-overview-of-chainlink-in-2021-746220a0e45
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Squall28
04/26/21 3:03:53 PM
#26:


Orlando_Jordan posted...
I'd use it as a currency if the grocery store, gas station, and Amazon accepted it.

But they don't so it's not big, and still a pipedream.

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You can't go back and change the beginning, but you can start where you are and change the ending.
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H0LD_Austin_Era
04/26/21 3:04:45 PM
#27:


Some real estate companies are allowing bitcoin I think to buy houses. Also there are ATM machines for coins. Right now it's more so like gold/silver compared to fiat. Once more people have it other companies will allow it cause this lets those people spend it on stuff that helps the economy of course.

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1337toothbrush
04/26/21 4:03:13 PM
#28:


H0LD_Austin_Era posted...
Some real estate companies are allowing bitcoin I think to buy houses. Also there are ATM machines for coins. Right now it's more so like gold/silver compared to fiat. Once more people have it other companies will allow it cause this lets those people spend it on stuff that helps the economy of course.
Everyone that accepts cryptocurrency uses a service that immediately converts it to real money.

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Orlando_Jordan
04/26/21 4:29:05 PM
#29:


1337toothbrush posted...
Everyone that accepts cryptocurrency uses a service that immediately converts it to real money.
So? It's a start.

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1337toothbrush
04/26/21 4:42:18 PM
#30:


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samurai bandit
04/26/21 4:49:25 PM
#31:


1337toothbrush posted...
Tell me what value crypto provides beyond being a vehicle for gambling.

You cant be more wrong than this. it is also probably used for money laundering

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