this post was submitted on 19 Jun 2024
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[–] octopus_ink@lemmy.ml 157 points 5 months ago (12 children)

You know how I know my maga relative lost everything he tried to "invest" in crypto? Because he suddenly STFU about it.

[–] Zannsolo@lemmy.world 36 points 5 months ago (11 children)

There was a while in 2019(I think) when all the office talk(software firm) was crypto then it just stopped it was glorious.

[–] echodot@feddit.uk 4 points 5 months ago* (last edited 5 months ago) (8 children)

Anybody who is seriously in the software industry should have realized the crypto was a giant pyramid scheme that they would definitely at the bottom of.

And if one person tells me that it's not fiat one more time they're going to get a slap. Absolutely 100% is fiat shut up.

[–] Zannsolo@lemmy.world 1 points 5 months ago* (last edited 5 months ago) (2 children)

I actually get crypto as a concept but I really think their can only be one coin of any true value, and right now it's Bitcoin. I think at some point something will come and knock it off the pedistool.

I'm not a get rich quick kinda guy so I never bothered with crypto and have only played around with a little bit of money trading stocks and treated it just like I do gambling (money I will lose, although I did make a bit of money back on GameStop lol).

[–] otp@sh.itjust.works 6 points 5 months ago (1 children)

knock it off the pedistool.

Pedi + stool...like a footstool?

[–] irreticent@lemmy.world 4 points 5 months ago

No, pedi as in pediatrics. They're talking about knocking it off of child poop.

[–] dhork@lemmy.world 3 points 5 months ago* (last edited 5 months ago)

The worst thing that ever happened to Crypto was the price rising so high. It made idiots billionaires overnight, and then these idiots thought that made them smart. Now they spend all their time going to Blockchain conferences and patting themselves on the back for being so revolutionary when in reality they just got lucky.

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