For the past 2 days the markets have been correcting pretty violently. The stories of success and easy money have quickly turned into stories of misery and pain. In all fairness though, fuck those who invested irresponsibly.
No matter the point in history, there are always idiots that supply the market with money. I am partially grateful for them but at the same time these guys cause more harm. I see people that have worked like bees their entire lives only to unload everything in scams like Bitconnect. Others take credit card loans and double mortgage their house. When it comes to finding ways to make easy money these economic retards have an inverse ability to risk management. How very surprising.
One doesn't even need to have basic education in order to understand the concept of a ponzi. Yet, time after time, people fall for them with idiots multiplying in even greater numbers each time. This fact demonstrates one undeniable truth: Most people are idiots, willingly idiots. They also happen to live among us, vote and guide economic policy due to their numbers. They also have confidence, stubbornness and they will shit on you if you try to advice them beforehand.
The best way is not to help these people. If someone was stupid enough to put their life savings in cryptocurrencies while not understanding how it works then they deserve to lose it all and some more. This is simply a matter of survival. Much like natural selection they need to be wiped out economically, so hopefully they won't procreate and create more economic idiots. Nature has a way. We should not intervene in its path by disturbing the balance.
But you see, the government, won't allow this to happen. It will come to save these morons because they are the bread and butter of its own operation. It will deem necessary to "regulate" the markets because most people are functionally retarded beyond eating, fucking and shitting. And these simpletons that should have died out in some street corner they will get assistance and be able to procreate — yet again irresponsibly — successfully sustaining this perpetual moronic cycle.
If you are a true believer of cryptocurrencies and decentralisation and really want something better for our species then let these shitheads crash and burn. You will be doing humanity a favour. The alternative option is that you will have to pay taxes to sustain them and their offspring. Remember, whatever gets subsidised we end up with more of it. Human stupidity is no different.
there will always be a no-brainers looking for a quick buck you cant wipe them out, only you can watch them crash and burn
THE ONLY SURVIVE HERE IS TO STAY CALM WHEN MARKET IS IN BLOOD.
and buy while it is cheap :)
Yess i agree with you ..buy @ every dip if you can.
Dude!!!! U are on 👉🏻🔥🔥🔥🔥🤯😁😂👍🏼👍🏼👍🏼
Boom. Brutal, but true.
On the other hand you have the crypto diehards screaming HODL and telling everyone that it'll never go down. I've lost count of the number of times I've been in a discussion with people pointing out it's a ponzi scheme only for some crypto enthusiast to come in and defend tooth and nail how it'll never go down and it's going to the moon eventually. You've got big personalities like Craig Grant, dollar vigilante and John McAfee telling everyone it'll go to insane heights and advertising/selling this stuff.
As to "stupidity" the bottom line is no one knows everything. The best doctor in the world might not be very financially sophisticated. I don't think letting 70% of our population die off because they aren't financially well educated and listened to people that claimed to be is really good for society either.
It always sounds like a good idea to get rid of the "useless" part of society and then the top tier "led full, rich and happy lives until they were all suddenly wiped out by a virulent disease contracted from a dirty telephone". ;)
Life has a natural way to teach its lessons, all of us are under it in some area one way or another.
Let nature take its course and be thankful for the wisdom we gain each day.
Hahahaha... there's a lot of these kind all over the place!
So Much Blood!!! Crypto Bloody Bath. China Horror Story
I'm deleting my comments.
Being down voted by Content censoring whales sucks
and hurts minnows who only earn 0.01 per post/comment anyhow
This whale BS will kill STEEM imho
Blow the trumpet 🎺! Fire on 🔥🔥🔥!....... Is fire aaaah! 🔥🔥🔥 Burn all the enemies.
Its our duty to suggest them and its their decision to do whatever they want. Let's equip ourselves with their stupidity.
Oh I try to make them understand so many times that put only 10% of ur income in crypto. But they say they should put EVERYTHING possible and bear the risk because the return is worth taking the risk. They think i am stupid to invest only 10% !! 😂😂 Well Who is stupid now 😂.
But i still pity them. You seem to be so angry on them kyriacos 😅. Take a chill pill ✌🏻
nah, not angry at all. It's all good for my pocket
Haha. Your writings portray irritation and anger filled in your words most of the time.🤔 I dont know why 🤷🏻♀️
But if u say so then I believe you 😃
Usually people reflect in other people's writing what themselves feel
Yeah no doubt that can happen but I don't feel the same while reading other's post. Only yours.
ITS NOT LIKE WHAT % YOU PUT IN CRYPTO ITS A MATTER OF STRATEGY THAT YOU ARE USING,LOSS IS LOSS EITHER ITS 10% OR ITS 100%
Any place you invest, I believe you should invest only as much as you can afford to loose.
Yes we have to play safe & should not do the same mistake again & again .if we do than crypto will wipe you like never before .📚🔕learning.
"Like moths on fire"...
I have compassion for said idiots, for I was one of them in a previous life. I feel our jobs are to educate, and sometimes the best education is one of natural consequence.
Absolutely perfect. Economic idiots are played by the pump and dump or the FUD or even FOMO. Then they lose. But new idiots keep joining in.
YES ITS ALL ABOUT NEWBIE ,THEY CANT STOP THEMSELVES BY LOOSING THEIR MONEY FOR OTHERS.
Brutal but honest common sense is lacking in most people. Most jump at the opportunity to get that easy life but it's not that easy. It takes time and effort to build something gotta bleed before you understand how the space works. Great post followed and upvoted.
this is a true talk in more like a direct approach...... people invests into crypto considering the present juices and meaty, but never thought of what could happen in future..... I think greediness of humanity drove them into this mischievous act...... I never for once invested in it, I kept observing for a while even during the juicy moment and my friends though I was stupid but it turns out the other way.
The worst was someone on reddit saying they were borrowing cash using a credit card to buy crypto. I hoped they were joking. Sadly, I doubt it.
A wise man does not put all his eggs in one basket. The key is to Diversified. Cryptocurrency and steamer good choices but so are precious metals land ammunition and so much more. I personally think the best investment is in people and relationships. Developing close friendships can be priceless. Thanks for the blog you shared I enjoyed it
That has been one of my greatest concerns about cryptos and possible government interference: that some pencilheads will get the idea that idiots need to be protected from their own stupidity, thereby ruining the market for everyone else.
Maybe it's not very charitable, but anyone unable to look at ScamConnect and notice that the math never added up deserves pretty much what they get.
Think of it as evolution in action
Χώσ'τα ! Keep pushing the buttons ..
Hopefully my friends will stop asking me about crypto and I can go back to being a weird one
Yes you said right ,they people who are her to do idiotic things like panic selling & buying in FOMO they are they are only responsible for the crash which we have sen here.
NO MERCY FOR PANIC SELLER
Sounds damn straight to me....
You write: "If someone was stupid enough to put their life savings in cryptocurrencies while not understanding how it works then they deserve to lose it all and some more. This is simply a matter of survival. Much like natural selection they need to be wiped out economically, so hopefully they won't procreate and create more economic idiots."
How funny I've just read today an interesting "memento" in The Economist that reminded us that Sir Isaac Newton (yes, THAT Isaac Newton) was in his time a "South Sea idiot" and lost a lot of money in the ponzi scheme of his lifetime. Which should put some water in your "Darwinian selection" wine ...
must read!.. rude, non-ethical but as it is. Resteemed!