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/biz/ - Business & Finance


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12981834 No.12981834 [Reply] [Original]

Think of cryptocurrency as a magnifying glass. The banking system is a colony of ants. All you have to work with is your own bank account.
Burning down your own bank account sounds counter intuitive, but the idea is to build up more money to burn. If you trade strategically, you can eventually build vast sums of wealth at the top. And exit the banking scam at the bottom.
As trillions and trillions of dollars begin to enter the market, merchants will be pressured to undercut competition, by absorbing losses through accepting crypto as a primary source of payment. Maybe starting as special discounts, but eventually becoming standard, as smart contracts grow in relevance and provide financial convenience.
Much like the trusty penny, merchants will resent handling fiat and dealing with checks.

>> No.12981859

yeah bro lol down with banking
let the boomers starve !!!

>> No.12981861

if you have zero assets. take out loans and credit cards and don't pay them back. put into crypto. if crypto doesn't pan out move back in with parents.

but how do i do this if i have a house or recoverable assets

>> No.12982028

>>12981859
The boomers have gone to great lengths to keep housing scarce and unaffordable to secure their retirement through reverse mortgages.
>>12981861
You have more to lose than you do to gain that way.