Where did it all go wrong?

>>60677037 (OP)
everyone with brains got in early and already moved on and a few still remain that now have the resources to scam others ad nauseum

literally nothing changed
take your nostalgia glasses off

>>60677037 (OP)
My bank account kept growing and I stopped giving a fuck about anything but profits.

>>60677037 (OP)
We need normies to pump our bags and normies need regulation because crypto scawwie hackermans

>>60677075
go back

>>60677075
Fun fact. r/Buttcoin was created in 2011

>>60677037 (OP)
2017:
>didn't make it

2025:
>making it

>>60677037 (OP)
Greed. It poisons everything.

>>60677037 (OP)
>couldn't buy a graphic card to play games, because they were bought by miners. Was both funny, and really annoying.

>>60677037 (OP)
That's a good meme. Really says it all.

>>60677037 (OP)
It all started when Musk shilled this stupid dog coin

My net worth has grown from -$10k in July 2017 to almost $2.5 million now. Where did it all go right?

>>60677913
It fucking did

>>60677098
normies are cattle and cannot do anything

>>60677037 (OP)
I've reached 2023, and I'm glad that crypto isn't doing anything interesting anymore. My stocks are doing better! Crypto bros are being asked to reignite the market and pump my pockets.

>>60677037 (OP)
Now is the golden age of crypto

>>60677037 (OP)
>Where did it all go wrong?
See this guy >>60678108. This is where it went wrong. People like him came way too late, trying to make it. Trying to replicate the gains we had back in the day. It's all based on greed and ignorance. They were never in it for the technology, only for the numbers GONGOUP and so numbers stopped GONGOUP

>>60678441
that was always gonna be the case
All that nerd nonsense was just a selling pitch for a scam
when it crashes these people will ask for a government bailout kek

>>60678522
>when it crashes these people will ask for a government bailout kek
>these people
Who is these people?

>>60678522
Like I'm baffled by your logic who will ask for a bail out? A decentralized project can't ask for a bail out. A centralized company can, sure, and that's not crypto. People seem to be confused as to what crypto is. Is Binance crypto? No, it's a company that has a centralized website where one can buy and sell crypto tokens. Sure Binance can get bailed out, still doesn't mean that because Binance got bailed out that crypto got bailed out. Do you see what I mean? I think you're confusing CENTRALIZED companies that work in the crypto space for DECENTRALIZED projects that literally ARE the crypto space. One is not the other

>>60678524
>>60678589
crypto retards will want the government to bail out crypto by buying it to stop prices from crashing
Crypto stabilizing fund

>>60678607
>crypto retards
Do you notice how you're talking in abstracts? Can we please name a few of those "CRYPTO" retards? Like name 3 so that we even know what IN YOUR MIND is "crypto" and which "crypto" will ask for a bail out. So like, Bitcoin will ask for a bail out, Ethereum will ask for a bail out? Who will ask for a bail out and maybe even how will Bitcoin ask for a bail out? So Ethereum is going to come up to the USA government and be like "Hey, we're crashing, please give us money so that we can buy more ETH??? Pretty please". How do you imagine this going. Again, can we please not be abstract about it and give me a concrete example of how it'll work and who will ask who for money and how that money will be spent?

My point is that you keep saying stuff yet can't provide a non-abstract answer because your whole argument is based on emotions and not on real logic.

>>60678629
i'm not saying they will get it
i'm just saying your average cryptoguru will absolutely beg Trump for a bailout if there's a crash
because they are gambling and for most people that hold crypto they are holding as an investment asset that is supposed to go up in price.
Also consider that there is leverage in this market
When is the last time the US had a crash that didn't result in bailouts?

>>60678683
>because they are gambling and for most people that hold crypto they are holding as an investment asset that is supposed to go up in price.
>When is the last time the US had a crash that didn't result in bailouts?
What I see here is that on the one hand you're saying "US had a crash". So the US had a crash. THE US. US COMPANIES. How is the US going to bail out something that isn't theirs? Like BTC isn't a US COMPANY, it's a GLOBAL financial system. 10 years from now the mcap of BTC is going to be soo high that no one will be able to bail it out except if EVERYONE, the WHOLE WORLD is going to bail it out. Sure you'll be able to bail out COMPANIES but never the sector. Do you see what I mean? And even this might not be true, why? Because if you bail out a company that DEPENDS on the price of crypto and you can't bail out crypto because first of all the mcap is TOO BIG (imagine bailing out GOLD)and second of all it's not even YOUR THING because it's a GLOBAL thing, then what's the actual point of bailing out a company that'll fail either way because it's so heavily tied to something the US government can't control because the whole point of crypto is that no one has the control and everyone has the control.

The thing is that crypto is different because it's not OWNED. The USA can bail out companies because they are US based and their mcap aren't as big as BTCs cap will be in a few years. The only way I see the USA bailing out crypto is if they literally controlled most of the supply, then it would be in their interest, but again, the mcap getting over let's say 10T$ or 20T$... I just don't see how you can bail out something that big without every other country helping out in some way.

>>60678739
tell that to the retards who will ask for a bailout in october

>>60678747
I doubt they'll get a bail out. Look at FTX, why didn't the US bail them out? I guess you could make the argument that it's because it was a scam... But like who will ask for a bail out? JPMorgan? Blackrock? It's only big investment banks involved in the crypto space and even they just hold crypto for their clients. It's not like the company takes a hit if BTC goes down, it's the clients who bought the ETFs

>>60678767
>Look at FTX, why didn't the US bail them out?
because it was isolated and most people are being refunded. It wasn't a market crash
btw in 2008 the Fed gave loans to European banks

>>60678747
So what I'm trying to say is this. When the economy crashes the government DIRECTLY bails out the companies (Nvidia, Apple, Google, ...), they DON'T BAIL OUT the investment bankers because those guys don't actually own the assets for themselves, they own them for their clients and they take fees as a form of payment for themselves. So when BTC crashes or crypto in general there's no company to bail out. You can't bail out BTC as you bail out Nvidia, Google, ...

>>60678787
>btw in 2008 the Fed gave loans to European banks
Not sure how this is relevant

>because it was isolated and most people are being refunded. It wasn't a market crash
FTX got liquidated because the leveraged like crazy and then the market crash. It literally was a market crash, look at the BTC chart and when FTX / Alameda blew up

>>60677037 (OP)

>>60678798
>they DON'T BAIL OUT the investment bankers because those guys don't actually own the assets for themselves, they own them for their clients and they take fees as a form of payment for themselves
why did the fed buy assets from banks in 2008?
and in 1998. Although the fed didn't directly bail out LTCM it helped deal with it because that could've caused a lot of damage if it hadn't been recued. Although that was banks who did the actual bail out.
>Not sure how this is relevant
see >>60678739
>How is the US going to bail out something that isn't theirs?
>FTX got liquidated because the leveraged like crazy and then the market crash
well imagine that but way way bigger all across the market
but yeah i'm not saying they will get bailed out or not i'm saying people will ask for it
and there is leverage
Maybe they'll blaim some black swan and say the market should get help

>>60678878
>why did the fed buy assets from banks in 2008?
Not sure if it was investment banks... Just the banks that give out loans. So it's separate. You can get fucked if you give out loans, not if you simply own assets for clients. But all in all that has nothing do with crypto. Your point from the start was that "they" will get bail outs, where "they" refered to crypto of some sorts and now we've come full circle back to my original point that companies that work with crypto aren't crypto therefore CRYPTO ITSELF WILL NEVER GET BAILED OUT. Crypto is flawless, we need exactly 0$ of bail outs for the system to work. We've had 3 cycles with exactly 0 bail outs and that always be true. Only legacy systems need bail outs because they literally base everything around a failed money called fiat. Fiat does not recover by itself whereas crypto always does and will

>>60680235
>Your point from the start was that "they" will get bail outs
no it was "they will ask for bailouts"
>>60678522

>>60677037 (OP)
>we win
>everyone bends the knee
>"NO NO NO STOP ENJOYING YOUR PROFITS"

the solution is Quai

>>60677037 (OP)

Zoomers. Zoomers happened. It all went to shit after.