Posted on 05/18/2022 6:18:36 PM PDT by simpson96
Enthusiasm for crypto from Hollywood celebrities and top athletes reached a fever pitch over the past year. On social media, during interviews and even in music videos, they portrayed virtual currency as a world with its own hip culture and philosophy — one that was more inclusive than traditional finance and that involved the chance to make loads of money.
The Super Bowl was nicknamed the “Crypto Bowl” this year because so many ads — which cost as much as $7 million for 30 seconds — featured the industry, several of them starring boldface names.
(snip)
Matt Damon, who compared the advent of virtual money to the development of aviation and spaceflight in a critically panned but widely seen Crypto.com ad last year, did not respond to requests to weigh in. No response either from the basketball star LeBron James, who was featured in the company’s Super Bowl commercial this year.
Reese Witherspoon, an Oscar winner who declared online in December that “crypto is here to stay,” did not respond to a request for comment. Neither did Gwyneth Paltrow, another Oscar winner, who lent her name to a Bitcoin giveaway late last year.
Paris Hilton, who has nearly 17 million followers on Twitter who watch her coo over her lap dogs Crypto and Ether, didn’t respond to a request for comment. Neither did several other famous crypto pushers, such as Mila Kunis, Aaron Rodgers and Tom Brady
(Excerpt) Read more at dnyuz.com ...
And many of them are now broke.
There is a security guard I know, who had his investments in crypto. I told him that he should be transferring any gains into commodities. He told me that crypto was a perfectly safe investment, because it was free from government.
Take heart, Hollywood celebrities! I’m about to introduce a new cryptocurrency. It’s called the “Woke-o”. Each unit of Woke-o will cost you $10,000. You won’t make any money with it, of course. Only I’ll be doing that. But you’ll be able to brag to your friends about how hip you are.
Well, now they’re just the piano player in the brothel. They really had no idea what was going on upstairs!
Does anyone really expect celebrities to be experts on the junk they promote.
They read the lines that they are fed. That’s it.
The security guard needs to find a new line of work if he thinks crooks only work in the government.
You still got faith in the $ and swear it will be good and go up forever?
Just checking.
All other countries are not all our friends and they might figure out that payments on the blockchain are basically faster and unhackable.
Lucky that security guard didn’t invest all his money in conventional markets 90 days ago.
In theory and in some locations on Earth, it is free from government. I’d like to introduce VPS/VPN. You don’t have to live outside of the US to be free of the US tax code on crypto.
Not trying to bust your balls... But a lot of people have been creamed in the markets lately... to act like crypto is special is ridiculous. Now LUNA, got creamed but why have all your money in one spot. If he lost his life savings in LUNA, that is his problem.
Craptocurrency.
My position is commodities is the safest investment. We need commodities to live, so even if we fund a super source of a commodity, which wipes out 90% of the value of the commodity, you’re still going to have something in the end because you need the commodity.
After that, it becomes a question of how real, in terms of being able to physically hold onto the investment. Stocks are not as good as a commodity, but are better than most investments because the companies that own the stock are selling real products and services. Unless you’re in a period of technological change where your stocks in ice blocks is going to be lost because of the advent of the refrigerator, stocks are relatively safe for the long-term.
NFT’s and crypto were never safe because they were always one button away from disappearing.
Reese prob doesn’t run her book club - not qualified to even comment on blockchain, crypto, ledgers, quantum, mining rigs, etc.
I always look to stupid paid libtard celebrities for financial advice 🤪
Nothing new under the sun.
Whatever.
Ask them why they went to Crypto.
Whatever.
$29k per bitcoin.
that’s 29,000 times more valuable than the dollar
“investors watched hundreds of billions of dollars disappear in a sell-off this month”
so? that’s the function of cryptotulips: make excess liquidity from a grossly inflationary money supply go *poof* ...
cryptotulips ...
if the dollar is so worthless, why is the value of EVERYTHING always quoted in dollars?
because you’re in the US
try leaving the country and you’ll see the cost of things in different currencies.
Crypto is highly volatile as its still in its early developmental phase. No, that does not mean its a scam, a ponzi scheme, will disappear, etc etc. Its speculative and highly volatile still.....kinda like the internet was in the 90s.
Over time, the good projects will prove to be extremely good investments. Of course plenty of the weaker projects will go to $0.....as will the dollar in time. Right now crypto is in a bear market. Typically, the downturns can be up to 80-85%. The upturns however are far bigger than that. If you have the stomach to ride out the bear market, you can make excellent returns.
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