Crypto == Gambling.
Crypto market crashes on Celsius freeze, inflation news
The cryptocurrency world is experiencing what can only be described as a meltdown, with prices plummeting today to lows not seen since the end of 2020. The plunge is likely due to several factors including general economic uncertainty as seen in the stock market, inflation, bearish conditions and loss of confidence in crypto- …
COMMENTS
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Monday 13th June 2022 21:38 GMT sreynolds
No, in gambling you know the odds. The house takes a fixed percentage the payout is known.
Crypto is a ponzi scheme to fleece the people of their funds.
In gambling, some people derive some pleasure from pissing their funds away. Why not just take some dollar bills out and watch them burn. That is quite lovely and entertaining too.
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Monday 13th June 2022 19:59 GMT elsergiovolador
It's going to crash!!!
Whenever there is an article that crypto market has crashed, it reminds me of this video:
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Tuesday 14th June 2022 19:00 GMT Jason Bloomberg
Re: It's going to crash!!!
Don't Buy Bitcoin. It's Going To Crash!!!
And, when it does; that's when one buys. Hoping it soars again while remembering to be smart enough to get out before the next crash arrives. And, as long as it doesn't crash too badly, it's still a profit.
It's a game I might play if I had money I didn't care about losing.
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Monday 13th June 2022 20:52 GMT vtcodger
As you can well imagine
As you can probably imagine, it's a busy day at https://web3isgoinggreat.com/
Last five headlines:
. Tron's algorithmic stablecoin (USDD) wobbles
. Crypto.com and BlockFi announce layoffs
. Binance pauses Bitcoin withdrawals for 3 hours due to "stuck" transactions
. Terra investors file class action lawsuit against Binance.US
. Lido-staked Ether (stETH) loses peg
And so it goes.
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Monday 13th June 2022 21:14 GMT scrubber
Inflation hedge
Some Cryptos are conceptually inflation hedges due to fixed supply. If people are leveraging their real world wealth to fund their crypto speculation then obviously any real world problems or crypto falls will lead to a disproportionate sell off in leveraged assets to cover margins etc.
As for Celsius, well, there is some form there from previous associations that investors should have looked at before handing over control of their assets.
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Tuesday 14th June 2022 14:06 GMT neilo
Re: Inflation hedge
How is cryptocurrency in any way of fixed supply? Spinning up a new crypto is ludicrously easy; there are several YouTube videos just on that. And of course people use real-world assets to fund their crypto; the only people who didn't do that were the one setting up this Ponzi scheme in the first place.
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