RE: Decentralized but Shaken: Is Crypto Really That Free?

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RE: Decentralized but Shaken: Is Crypto Really That Free?

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wakeupkitty (77)in WORLD OF XPILAR • 8 months ago (edited)

Crypto is always a gamble and it has always been that way. The first lesson is: never invest what you cannot miss!

I could tell you that with Trump crypto wouldn't continue going up but would you have believed me?

More poverty is what will happen and for your information since Trumps inauguration the debts increased with $11 trillion! Let this sink. Trillion not million, not thousand.
The country is bankrupt since 2012 (like many other countries) and prints dollars without any gold and the petro dollar is no longer wanted since the US put a ban on Russia and the result is BRICS - all countries the US started wars with - and these are the countries who have what the US lacks.

Perhaps on long term you will make a profit and if that is the case you can sell. I would say in 7-10 years if you are lucky and the energy isn't switched off.

Is crypto decentralized? No way. If that would be the case the value of crypto and tokems wouldn't going up and down following BTC and the dollar wouldn't play any role.

Since most BTC is in the hands of the weatlthy (organisations/governments included) it says enough of how the value can be manipulated.

Am I a crypto expert? By far not but this all is the logical result since nothing syands on its own.
Do I panick? No. I simply don't check. What I jave remains in the wallets and who knows I check it one day.

I advise you to do the same and think on long term. I am not a short term investor who can earn at least a few dollars per day.

♥️🍀

8 months ago in WORLD OF XPILAR by wakeupkitty (77)

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sbamsoneu (69) 8 months ago

I know so many Nigerian crypto enthusiasts who would never accept it if you told them that crypto is similar to gambling.

Perhaps in the long term, you’ll make a profit—and if that’s the case, you can sell. I’d say in 7–10 years, if you’re lucky and the energy isn’t switched off.

Well, at this point, I’ll have to follow your footsteps and become a long-term holder. But waiting 7–10 years? I’ll probably be a great-grandfather by then!😂😂😂

I think it’s best I just delete my Binance app for now until I’m ready to face it again.

For someone who isn’t a crypto expert, you actually have a good understanding of how it works. In fact, your perspective is much more logical compared to how most crypto enthusiasts paint it—as if it’s a “stand-alone” token immune to everything else.

$1.02

2 votes

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wakeupkitty (77) 8 months ago (edited)

If you look at the "cycle" of crypto (up, down, and the 5-10-year average line), you’ll understand why I say: 7-10 years.

How many days are there in your year? Or do you grow old very fast? It’s hard to believe you’ll be a great-grandfather by then.

I assume you can check Binance through the website? If so, get rid of that app and if it comes to gambling: I you pay in the hope of getting rich overnight, it's gambling. Same for many investments and the Ponzi scheme. It's gambling and a scam.

Nothing is a stand-alone; same for the fee. I remember as it all started, they said it was faster and cheaper than the average bank. Well, it's not.
The whole idea of crypto, the benefits is gone for years. You are registered everywhere, and transactions can be traced just like your wallet.

$0.00

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