I wasn't going to keep coming back to this thread because I know people don't really want to hear my sceptical opinion on crypto . Even if they aren't the same ones as everyone's heard before but this is the appropriate place for this.
I could go on a major rant but will try to keep it brief as possible.
This is going to be a crazy next 4 years for crypto . I'm not clear exactly on what will happen with the markets but I'm absolutely certain we're all about to get fucked and this admission is going to bring in the CBDC.
That goes back to a prediction I made about a year ago that if trump gets in they will use it as a way to do something super fucked up. I don't have the same criticisms as most ancaps on trump. For the most part I'm an apologist for the guy. But he's going to , like with covid, convince his people to go along with something they never would have normally stood for.
Elon is involved and his lifelong dream has been to do what he intended with x.com.
They will convince people we need to do it because of the debt but they won't do shit about the debt , it'll be a slight of hand tactic.
We're very comparable to living through the federal reserve act of 1913. I don't think there's shit anyone could have done to protect themselves from that at the time. And not to much changed immediately for the everyday person, but it changed absolutely everything in the long run.
I don't know if people agree, disagree or are interested in hearing my conspiracys in more depth, if so I'll happily elaborate. Or wether there's any predictions on how to protect ourselves/ or profit. I'm interested.
I'm pretty certain there will be a big bull run soon but I think it will go to shit somewhere along the line soon.
I don't know if investing in XRP would be of any benefit at all , or even gold for that matter. We're going to get fucked here and most people won't even know it.
Sorry for the TLDR.
I’m not sure what the future holds. No one is. For years I disregarded Bitcoin and what it can be used for because of that conspiracy mindset that tends to believe claims that attribute way more power and control to the system than they really have.
Just for reference. I’ve been a conspiracy theorist/researcher for decades. Was an avid prepper type since before 9/11.
I was personally acquainted with Bill Cooper before he was killed in 2001. Went to numerous Hour of the Time Conferences he hosted near his house and militia meet ups. That’s how I know the value of hard money and the importance of actual decentralization.
I know there is a sliver of truth to some of the conspiracy theories that came out of the early 90s, about martial law, world government, cashless surveillance system etc. but what most people don’t realize is these things have evolved and changed over time. The powers that be are also adapting to changing conditions outside of their control. And while I see parallels to some of those past conspiracy theory ideas, I don’t think everything out there is valid or even still in play either. So many conspiracy grifters and charlatans in the space so you have to be careful what you believe because it’s also used as another alternative way to push narratives that are favorable to them.
If a CBDC comes it won’t be an outright Federal Reserve CBDC. It will more likely be a dollar associated stablecoin.
Either way, Bitcoin’s value may fluctuate, maybe even violently but its properties don’t change. And can’t be changed easily at all so it is collapse-proof in that sense, maybe not collapse-proof in dollar value but in it’s foundational properties, its as bullet proof as can be. Certainty no other crypto can claim the same.
XRP has been real good at marketing to the conspiracy crowd based on many empty promises and false representations. They prey on people not understanding the tech, how it works and leveraging associations with former bank officials and institutions but it’s all nonsense marketing so they can dump and make themselves richer. It’s been obvious to me since 2018.
All altcoin founders say the same thing, they usually claim to want to take their profits and put it into Bitcoin ultimately. So all those crypto altcoin rivers will eventually flow into the big ocean that is Bitcoin.
Because keeping their monetary value in some shitcoin that keeps dumping and has no network effect is a lose/lose strategy and they all know it.
Just look at the shitcoin EOS for example. The founders are still around and profitable because they took all ICO profits and just bought 140,000 Bitcoin with it at the time. I bet people still own bags of it though.
Their profit on the Bitcoin they hold is far greater in value surpassing the whole market cap of their shitcoin 😂
It’s possible they pull off some catastrophic financial event, they may try to blame crypto/bitcoin, as some financial false flag but I’m prepared for that. I’m not going to not buy bitcoin just because of a small possibility that doesn’t effect the way it works or change the rules of the network. Because Bitcoin if even devalued drastically in dollar terms, will still be worth holding and using.
