Crypto is probably the biggest wealth generator for average Joes but you seem to have a pretty defeatist attitude and not much self confidence if you are reliant on something you have no control over as opposed to starting a business or a side hustle. Never rely on ome stream of income.
This is exactly how 90% of crypto investors feel. Since the 2008 global financial crisis, governments around the world have printed money to an insane level just to avoid total collapse. The resulting inflation has created a "fiat bubble" where literally every asset's value has exploded. It means the next generation, (us), has really no chance of buying a million dollar 2 bedroom house on an average salary. Stocks are at all time highs. So, yea, you could buy in but everyone knows its artificially inflated with these near-worthless dollars.
Crypto is the one asset that young people actually can "get in" on before it has exploded to ridiculously inflated levels. Then the boomers and institutional money can come in later after we've accumulated.
Keep stacking.
"I am one of those guys that went all in. I have been poor all my life and now I got school loans that would be either used up for living expenses or be gambled away in cryptocurrencies, might as well see if they grow in cryptucurrencies. I know it's a bad idea, but it's working so far so fuck it."
I think their point is, investing everything you have in a speculative investment (it's a currency and loses its purpose if it has large fluctuations) is a poor decision when that money should be spent in a much more conservative way. If he had said, take 90% and invest it in safe, long term investments and use the remaining 10% to speculate on crypto then he wouldn't be banned. Simply saying go all in on an extremely risky investment is a very troll thing to say.
Well first of all, his company, Berkshire Hathaway, would tank due to selling so many stocks all at once, so he'd be lucky to get 10 billion out of this.
Secondly, crypto prices would go up dramatically, because it's a low volume market where 10 billion would have a huge impact. Bubble or not, prices would increase dramatically after that, since Buffett buying in would be a huge vote of confidence.
More realistically, Berkshire Hathaway itself could start divesting from companies and investing in cryptos. There are probably regulations keeping them from doing that, otherwise we'd have cryptocurrencies ETFs already. I'm not sure about this, but I think no American companies actually hold cryptocurrencies, those that accept crypto are in fact accepting payments that are immediately converted to fiat.
I believe someone I knew at mosque (me being agnostic but my parents are irritating) got me to sign up to his website thing which looked shady to begin with, he added me to a WhatsApp group about Bitcoin which had few "normal" members, the rest were dense motherfuckers. It was all about how he was a consultant for this tech company that had packages for Bitcoin and how you could make money and buy more packages. He wanted me to get started asap but being me, I googled the company. Lo and behold, the "consultants" they hire get paid a commission for how many people they sign on while they rave about how much money they've made from however many "packages" they own. Unfortunately for that dude, I also don't give a shit about money so I left the group. He still messages every now and then and I still see him around.
I just hope that majority of people defending TRX are paid shills and not real people. No matter who is right or wrong, we should not wish on each other to loose money or call each other mean names.
If you are a real investor in Tron and you believe in it, just think about this: there are many great ways to make lots of money in crypto without investing in something with this many red flags. Sure you could end up being right and Tron does actually deliver - but each week this chance seems to go down further and further. Ask yourself what is more important - protecting your ego or protecting your investment? If it is the later one, then at least hedge your investment and diversify part of your Tron holdings.
There is such a thing as malicious FUD, but when something looks like s, smells like s and it starts to look like it will taste like s as well...
I'd suggest checking out Simple Token (OST). It's a very new project that is less than a month out of its ICO delivery. It basically allows companies to simply create their own coins for internal use (think rewards programs among other uses). The great part about it is that the companies will use OST within their own service which takes that amount of OST out of circulation. Companies will use this token because it will be stable price-wise and easy to implement without hiring a dev team to craft their own coin.
So is Iota... and no one seems to look at the facts.. just the 3.. 4 month accounts created to pump the most useless coin ever.
If you claim that Ripple is the opposite of crypto.. you have to accept that 90% of the coins in circulation are useless.. there is nothing that most "coins" do that BTC, LTC or even Monero doesn't do or will implement in the future.
Also you forget that ripple is meant to be a bridge currency in between fiat and the rest of the currencies out there. if its surging its because its being accepted and that is good.
Look at Iota.. the biggest scam out there using people to beta test shit for corporations .. but no one cares because "its the tangle" or bullshit like " its quantum resistant" .
Bullocks.. a tech that doesn't need the coin other than to speculate and fill the pockets of the dev team.
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