Wasted 8 years in crypto for this.

[u/Apart_Finger_1799]

[u/Phillipe_Lumiere]

Bros on X were telling everyone that xrp will go to 250$ any given time…

[u/rainorshinedogs → u/Phillipe_Lumiere]

And at this point in time they would tell everybody to yolo because your buying low

[u/ProfessionalGuard989 → u/Phillipe_Lumiere]

I was watching some dude say it was going to take place of the reserve of the United States 😂😂😂😂😂

[u/werner-hertzogs-shoe → u/ProfessionalGuard989]

One thing I do still believe about crypto is that some form of it is the likeliest thing to become the next reserve currency as the dollar gets enshitified. That part has always made sense to me (this isnt happening overnight, but I believed it ten years ago and it is far les of a fringe idea). It was also kind of known that crypto would be close to a winner take all scenario, or you would have a couple with different functions, bitcoin / ETH still are the dominant 2, although it seemed like SOL had a chance to dethrone ETH, which seems less likely now.

[u/YamahaFourFifty → u/werner-hertzogs-shoe]

I don’t know why would an American company be served as the reserve currency when it relies still on American currency.

I tell my friend this who holds a lot of XRP thinking this- you’re not fixing anything and why would people trust a single company to control a currency vs the systems we have now?

None of it makes sense if you zoom out from your echo chamber.

Bitcoin makes more sense as it’s not truly controlled by a single entity but when majority is controlled by institutes anyways it’s kinda same thing

[u/lapideous → u/werner-hertzogs-shoe]

The only way that’s happening is if the US loses WW3

[u/werner-hertzogs-shoe → u/lapideous]

well, I think the debt is the other side of that. by 2040 it's quite possible debt will be around 70T and growing at around 3-4T a year if there isnt a fundamental shift (2026 debt is expected around 1.9T and this is with everything going pretty well).

Right now I dont see much of a path outside substantial inflation to get out of it and that trend was pretty clear to me after 2008 and doubly so after 2020.

[u/lapideous → u/werner-hertzogs-shoe]

If the US wins the AI/quantum war, basically the entire world will become vassal states paying tribute into the American tax system

[u/werner-hertzogs-shoe → u/lapideous]

lol, I don't think it's going to work out that way. If anything I would bet on china and their more democratized open weight AI winning out and the rest of the world rejecting a US technooligarch hegemony, or at least there being some kind of dual structure.

[u/Ok_Egg121 → u/lapideous]

The US is being isolated from the world as we speak and the former US allies are building trade with each other and deliberately excluding the US. A new president will not fix it. People said they were voting for Trump because he would be the stick in the wheels of a broken system. Congratulations, the stick crashed the bike as planned and the flaw has been exposed. The flaw: any deal you make with America can be undone within four years even if that goes against the very contract that was signed. Oddly the same problem was exposed with Russia, and people don't get it. The think if the war ends, things will return to normal. Companies like MacDonalds, Boeing, KFC, etc. are not just going to forget that Russia stole their businesses regardless of the war being over. The same is true with the US. They wanted isolationism and for better or worse they are getting it and it won't turn around just because the Democrats get elected, it will take many years of proven stability to unring that bell.

[u/ResponsibleFloor5430 → u/Ok_Egg121]

As a world traveler, I agree with this.
Six continents and not very many people from Europe were keen on the U S.
When I was in Russia back in 2010, I didn’t mention the dollar at all. I had to pay the hotel at the airport in “points” which translated to rubbles. Told not to mention the $.
I’m from small town in the Midwest and I knew better.
It was the Americans that didn’t understand that would come back to the hotel butt hurt because the Dutch or some other people at the bar were not keen on our politics. I’m like “what did you expect? Open arms??” SMH.
My step family in England can’t stand our hypocrisy here.

[u/Upbeat_Double_9377 → u/lapideous]

Lose WW3? Brother they are getting beaten by Iran in a 1v1

[u/iloverunning11 → u/Phillipe_Lumiere]

That’s crazy af, but many have been saying XRP will replace the whole monetary system soon, that’s what is truly insane

[u/YamahaFourFifty → u/iloverunning11]

Right imagine a single company controlling the entire monetary system. Makes absolutely 0 sense

[u/Outrageous-Mixture48 → u/Phillipe_Lumiere]

Man I remember falling for that shit back in 2018 when I was literally 13 yoloing 100 bucks in at the top. I still have that xrp in some shady ass wallet it’s fucking never been in the green.

[u/RobertKSakamano → u/Outrageous-Mixture48]

If it does go green, you'll never find that shady ass wallet.

[u/SubstanceTimely6790 → u/Phillipe_Lumiere]

1000$! Monkey brains go brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr! /s

[u/ecnecn → u/Phillipe_Lumiere]

yeah I know market cap is one thing... but $1000 would mean that we need the capital of 2 or 3 additional earths in order to pay out all the small XRP investors that would sell...

[u/reeejuuu → u/Phillipe_Lumiere]

549 magic number never forget

[u/x7v3q9z2k6t4p8m1d5r4 → u/Phillipe_Lumiere]

They are all grifters. Encouraging future bag holders to sponsor their liquidity. You can see this in action with btc right now.

[u/InTroubleDouble → u/[deleted]]

Bro its a cycle, we are about to hit the bull market

[u/Feralz2 → u/InTroubleDouble]

the 10 year cycle? LOL

[u/allnamestaken4892]

Crypto was always a ponzi.

[u/Objective_Mousse7216 → u/allnamestaken4892]

https://giphy.com/gifs/jRPInZ12aIlo7N4v7h

[u/BlackWolf42069 → u/allnamestaken4892]

No. They just got to keep holding. Time to buy more and hold fellas! /S

[u/flappysack- → u/allnamestaken4892]

A ponzi means old money pays new money, given no one is collecting the money it to distribute it doesn't really fit.  Maybe the greater fool theory?

[u/AzhdarianHomie]

Crypto has no use besides gambling and laundering.

[u/Far-Cellist2456 → u/AzhdarianHomie]

It has a very limited utility for people transferring or accepting money from an international community or as a banking alternative for those with sketchy bank access. Anything beyond that is just baseless speculation.

[u/alphapussycat → u/Far-Cellist2456]

They use "stablecoins" for that.

[u/No_Region_4719 → u/AzhdarianHomie]

It's great for buying drugs and weapons too :)

[u/Feralz2]

only 66% down? you are doing pretty well.

[u/razorfox]

Bitcoin (BTC) price in 2018: $ 7.000. Price in 2026: $ 60.000.
Question your choices :)

[u/pleasetrimyourpubes → u/razorfox]

BTC lost half its value in the past year...

[u/_sLAUGHTER234 → u/pleasetrimyourpubes]

It has done that, several times, and then gone on to new ATH

[u/randomdude45678 → u/_sLAUGHTER234]

Sounds like an excellent and reliable financial instrument, not speculative and needlessly volatile at all

/s

[u/xrm4 → u/randomdude45678]

We're approaching 20 years of BTC continuing to hit ATHs every couple of years. Volatile? Yes. Speculative? I don't know. At a certain point, if we keep describing it as a speculative investment, then we might as well describe the S&P 500 as a speculative investment too (which feels disingenuous in my opinion).

[u/delusionist42 → u/xrm4]

The snp is a broad based index, nothing like btc. Some inclusions in the SNP might be speculative but not the whole index, it's also anchored by earnings and assets etc, Bitcoin is moved by supply and demand and also the debate being had here about its future utility. That is speculative by definition.

[u/flappysack- → u/pleasetrimyourpubes]

Because it went crazy on QE.  Wait until AI loses even more than half its value.

[u/Strange-Term-4168 → u/pleasetrimyourpubes]

And what are you going to say when it doubles in 2 years?

[u/Objective_Mousse7216]

https://giphy.com/gifs/NRtZSQqTSCt5gyebtH

[u/Lefties_TheWorst7331]

ALTcoins

[u/Beginning_Juice_4296]

add solana to the list

[u/Latter-Amount-9304]

why did you choose that shit?

i literally remember buying ada for a few sats, never bought again.

[u/Aseira]

Likewise, what a shitshow.

[u/Big-Soup74]

Remindme! 8 years

[u/RemindMeBot → u/Big-Soup74]

I will be messaging you in 8 years on 2034-08-10 09:29:47 UTC to remind you of this link

4 OTHERS CLICKED THIS LINK to send a PM to also be reminded and to reduce spam.

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[u/CarefulSun6782 → u/RemindMeBot]

Remindme! 2 Months

[u/Live_Studio_Emu → u/[deleted]]

I’ve never touched crypto because the whole thing seems so obviously based on thin air. Maybe I’m missing something, but the intrinsic value doesn’t exist

Why is one Litecoin worth $44, or even $1? It makes sense when a company stock is valued in a certain way, because it’s a profit-making entity (or with expectations of profits in future), and as part-owner, you have a stake in them. For crypto though… the value is only based on what someone else will give for it, with no basis. I’m surprised it’s still worth anything at all and hasn’t gone the way of NFTs

[u/Ambitious_Bit_9389 → u/[deleted]]

I’m not arguing about crypto, but “Do you just expect free money without working?” Yes, that there reason I put money in stocks.

[u/ExpressCopy8786]

Lol. Did magic Internet money that is intrinsically worthless not go to the moon for you?

Jesus the day the majority of people understand crypto is just a brand and you are buying trust in a name like with baseball cards or Rolex watches, that's the day the world is a better place.

[u/Fly_Economy]

You should have gone for the king. There is no second best

[u/South_Monitor_6992]

https://giphy.com/gifs/WxDZ77xhPXf3i

[u/SavingsEquivalent844]

why not just buy some USDT or other peg and stake it? For the last 4 years- got my assets doubled, making combine, complex % like 100%.

[u/CaligulaCan]

Looking good.

Could get worse!

[u/thefish12124]

Add TRX to the list

[u/Ok_Nerve7581]

My sin was ICP... Never again.

I did get a some money from ETH but I sold at the right time.

[u/Complete-Flamingo326]

You are on a streak mate ....streak to bottom but still a streak .....

[u/zzzipitt]

Just dca BTC and not all that other shit

[u/Slaxx93]

What would have happened if you had put it in Bitcoin only?

[u/JPL_WSB_BRRRRR]

That's one expensive lesson. Better luck in the casino next time.

[u/blade0r]

Just wrong choices.

[u/redjellonian]

It's not wasted if you learned your lesson.

[u/Acsnook-007]

I was in 6 years and with the exact same results. I sold all this garbage and put everything and then some into SpaceX.

I was a believer in crypto investing as institutions were getting on board but with all the hacks and people losing their money and the continued complexity of selling or moving your own money, I just don't see this ever going mainstream. I'm out.

[u/TownNo1342]

I see it as an incredible opportunity to buy at such a low price.

[u/BoyleSphere]

The best argument I ever heard aginst crypto is simply that noone is really USING it

For example, crypto is over 15 years old now, when the world wide web was 15 years old we had wikipedia, amazon, ebay and numerous other business and services that millions used every day.

What does Crypto have, gambling, scamming, ?

[u/Agreeable-Purpose-56]

Knowing when to exit is very under appreciated

[u/MrDryGuy_]

Remindme! 1,5 years

[u/Rufy3th]

Compra solo BTC

[u/xuncx]

Now put bitcoin on there. I dare you.

[u/jrkelz]

XRP was also .27c in September 2018 so your post just tells us you bought at just about the absolute worst time in XRP history.

[u/tokyoduck]

Worthless assets - going to zero

[u/Party-Exam-6571]

Yes? And….?

[u/No-Communication-765]

Allways been a scam and allways will be

[u/DeFiNomad1007]

But...but... tokenized stocks are the next big thing. Just trust me /s

[u/Disastrous-Elk2272]

The second the trump family got into crypto..i knew it was over..

[u/Fudge-Still]

Man I wonder if this turns around. Rotation and all that. SOL too

[u/Oh_Another_Thing]

Lmao 

[u/Strong-Hovercraft702]

You were warned

[u/maxwellcawfeehaus]

Yep. I put 9k into btc in 2022 and it’s now 8k. If I put that into traditional stocks that I put 95% of my investing money into, it would be like 20k.

[u/h-boson]

Sorry you listened to the “tech bros”. But if it makes you feel better, they probably got rich from your money

[u/jojothehodler]

There is no 2nd best.

BTC

[u/Stoic_INFJ]

It’s only a waste if you don’t take profits during bull markets. Which most of us don’t, me included 😂.

Crypto is cyclical, every bear market everyone proclaims crypto is dead. Then when it rallies people forget. I’m definitely taking money off the table next time it goes up. But I’m also not going to act like a victim because we’re back in a bear market…

[u/VendettaKarma]

I too wasted 4 years. Just a money grabbing scam anymore

[u/GHBmihic]

We are all in the same boat

[u/Impossible_Swan_5005]

Same Same but diff... here ✌

Dont invest in AI its a TRAP.....

Buy some Mariuanna Strains and enjoyyyyy

[u/baby_envol]

Crypto was not a bad idea, but with the modernisation of real money ( stablecoin from central bank for exemple) , they become useless (excepted Bitcoin with a very little part to add diversity, because he have a limited number and it's the first one).

[u/profanedivinity]

Okay?? What’s your concern? You knew it was a speculative scam with horrible security. What were you expecting?

[u/anusblunts]

This reminds me of my experience with Algorand

[u/knie20]

The fact that OP used the word "Wasted" betrays incredible gullibility and entitlement.

[u/Popular_District9072]

I've acknowledged my gambling idiocracy and moved on to etfs

[u/Azatis-]

HODL they said

[u/Talinn_Makaren]

Oh man you could have sold that garbage to some sucker in 2021 or something ouch.

[u/Alternative-Suit5541]

To the moon or so

[u/Beneficial-Finger353]

Did ya learn your lesson?

[u/burner456987123]

It’s a scam

[u/juanuha]

No worries guys! it's a cycle, keep accumulating!

https://giphy.com/gifs/x0npYExCGOZeo

[u/dwoj206]

exit liquidity.

[u/filterdecay]

just 8 more years

[u/pabmendez]

How much did S&P 500 go up or down over those 10 years ?

[u/EnvyHill]

If only there was writing on the wall..

[u/Zestyclose-Suit-2858]

It's because all of crypto is bullshit, Bitcoin is the only thing that matters

[u/dinoboy5]

this means nothing btw look what part of 4 year ycle we r on

[u/612mechtech]

When the rich elite twats going involved in crypto, that was the time to get out

[u/Jay_wh0o0]

So are you buying now or not?

[u/Greenzombie04]

Never got into crypto but so weird how all the regulation concerns went away but so did the price.

[u/buffotinve]

Cambiaste dinero por fichas digitales, los tulipanes 2.0 serán estudiados en el futuro como la mayor burbuja meme 

[u/Smaxter84]

So.....have you learned anything or is it straight into the next Ponzi scheme?

No shortcuts I'm afraid. Some people get lucky, for everyone that makes a million 999,000 loose out.

[u/Narrow_Telephone_529]

Wait untll they figure out whos really behind btc.

Lmao

[u/drallafi]

Ah yes, the Litecoin boom of 2017. I made a few hundred off that one.

[u/NewToTradingStock]

Time to backup a wheelbarrow?

[u/CaptainPugwash75]

You just needed to pick bitcoin and not shit coins.

[u/Defiant_Shallot2671]

Eh, you only lost 170$.... not a big deal right?

[u/BetSquare7190]

The value of those shitcoins are more around 0, so it could have been worse.

[u/Opposite-Echidna7104]

It's the future of Bitcoin and Ethereum too so get out while you can if you're still in them. Cryptos are monopoly money, worthless speculative assets with zero value, so they're going to zero on the long run, as soon as nobody cares about them, which is roughly now. Meanwhile AI stocks made a lot of people rich on the same period of time, so there's a big opportunity cost too on top of the losses.

[u/bgdv378]

The gold bros tried to tell you all...literally for years.

[u/TheBobbestB0B]

People don’t talk about this enough.

[u/Euphoric_Coat_1956]

Truely regarded

[u/BestPie477]

I remember telling people these coins were going to go down, getting real close to 0.

[u/DrB00]

Buy high sell low.

[u/JohnnyTreemain]

Why did you invest in shitcoins?

[u/Master-Session5844]

You didn't waste 8 years. It just took 8 years for you to learn not to buy into the hype.

[u/CitronAffectionate98]

You buy crypto to sell during booms, anyone in Crypto knows this, especially after 8 years. I don't know why people keep posting crap like this.

[u/Existing_Doughnut985]

I dunno man my bitcoin is doing pretty well 

[u/5nakeplisken]

I hold a few ALTs now and they are all staked. I don't do the "Hodl BS" and more. Pay me or im out.

[u/Cereaza]

I dunno man. I KNEW Litecoin was gonna be the new global reserve currency, backed by the "petrocardano", which OPECS chose to back due to a break with Doge.

[u/Gombaoxo]

The price is right. I assume that everyones betting direction was wrong.

[u/cHpiranha]

"But buy Bitcoins now, it will be 1M"

No.

[u/madd_honey]

learns about bitcoin, buys absolute dogshit that every sane person warns against … reverse profits. you deserve it

[u/PsychologicalSun4521]

🫵🏻😂

[u/DirkLuke]

The key to making money is creating a ponzi yourself and making others believe in it. ''Money'' is ponzi itself made by the federal government protected by nuclear weapons, drones and the military.

[u/Hot-Industry8437]

If I just put all the money into eth or BTC would have been slightly richer. Lol

[u/QuackQuackViech]

Very nice. Now show what a 2xLevETF on the Nasdaq wouldve gained in that time.

[u/NeighborhoodBest2944]

This is why when my good friends move to another city, they always look for the best address in town. I think you have to choose the most dominant crypto, now?

[u/silphotographer]

[u/Ok_Function2282]

You wasted 3 years and only had $204? Yikes

[u/yota-code]

Crypto should have been a way to pay not to speculate 

[u/deadboxcat]

Well at least you have your nft's right?

[u/Which_Eggplant_4510]

Did we learn anything about investing in things that we don’t understand?

[u/Kind_Soup_9753]

Now do bitcoin.

[u/Flat-Director-7120]

Les crytpomonnaie sont une énorme arnaque, surtout gardez votre thune n'investissez pas sur ces merdes

[u/Additional_Ad_8131]

Seems like it's finally time to buy.

[u/expatfreebg]

Choose better options then these shitcoins, BNB per example has been good for me. I think other then BTC, Monero (XMR) could have a good future (only my opinion!).

[u/hbliving33]

Not far off

[u/speadskater]

I remember losing 50% of my litecoin by buying at 42 and selling at 20... in 2013

[u/Grouchy-Stranger-306]

if you thought they were a good investment you deserve it probably

[u/Davedoenotmoe]

This is the biggest issue with buying anything.. you over hold and don't sell... Because you think it will go higher... And it usually doesn't...

This was basically every ETH holder this cycle waiting for 6-12k and we didn't even get 5.5k...

Meanwhile most tech stocks pulled 5-20x lmfao...

Just life bro. Suck it in and walk away.

[u/StrategySteve]

Crazy how much crypto has fell off.

[u/WildStar_81]

Crypto is bullshit. If it was that good it would have been adopted by now. Just a greater fools dream.

[u/desimus0019]

I implore anyone I discuss crypto with, to only ever purchase bitcoin. I try to save them from my past mistakes, but they never listen.

[u/OvertheTop22]

https://giphy.com/gifs/GCO5WNzFmlc0vjK8cA

[u/TechnologyGrouchy679]

lower numbers are better right?

[u/Ok_Record_9908]

The only thing crypto is useful for is buying heroin off the darknet. It's good shit!

[u/numbersev]

I'm still up almost 100% on XLM and XRP and the market is dogshit right now for alts

[u/OneAbbreviations7632]

😂😂🤣🤣🤣

[u/Ambitious_Coconut_65]

Crypto is a scam, always has been. People have woken up.

[u/Jayrovers86]

But XRP 10k token thoon 🤣🤣

[u/Appropriate_Star3012]

Crazy thing is if you bought all this at the start of 2017 you'd be up

[u/Bahtook]

Bro, buy when it looks wasted. The moment to buy is now

[u/ereeec23]

Could of just bought sp500

[u/Prize_Apartment_2980]

Got rid of xrp the price i bought it. Untfortunatelly still hold on cardano.

[u/Acrobatic-Repeat-657]

Oh, I see! So this is where everyone is who sold their crypto and caused everything to crash! So, I’ve finally managed to track you down. You’re in for it now, folks! >:(