All Forum Posts by: Terrell Garren

Quote from @Bruce Lynn:

@Terrell Garren   Will pawnshops lend on crypto?

 Not the ones that stay in business.  Whatever happened to the NFT craze?

Opinion | Blockchains, What Are They Good For? - The New York Times (nytimes.com)

and the most popular response:

Mike TolsonHouston10h ago

Cryptocurrencies, which aren't really currencies at all, never made sense to me. Probably because they don't make sense at all. Money by its nature is symbolic. But it has tangible value because it has something -- like a government -- standing behind it. Crypto seems to represent essentially...nothing. It's created out of whole cloth, "mined" by computers using a lot of energy for no discernible purpose. It's only valuable because some people believe it has value. At least the Great Tulip Bubble left investors with tulips.

Quote from @V.G Jason:

 Pokemon, Twerking, and MC Hammer did not disappear in a single day. 

Bitcoin is 13 years old. The gimmick peaked in 11/21. 

And anybody can cherry pick graphs.  Wrap you head around this. 

Quote from @Eric Carr:

Is this a wake-up call to lawmakers? Senator Elizabeth Warren, Democrat of Massachusetts, in a Wall Street Journal opinion piece, likened crypto to the subprime mortgages of 2008 and called on Congress to act fast to prevent risk to the wider financial system. Warren and two Democratic colleagues also wrote to Abigail Johnson, C.E.O. of Fidelity Investments, urging her to reconsider allowing Bitcoin exposure through the firm’s 401(k) plans and sponsors. Attorney General Laetitia James of New York urged Congress to stop retirement investments in crypto altogether. “We don’t need another reminder that cryptocurrencies are unstable,” she wrote on Twitter.

 Good point. Please help me decipher this. 

Quote from @Eric Carr:

Quote from @Bruce Woodruff:

Quote from @Terrell Garren:

@Eric Carr You used to post so often about crypto. What happened? 

Crypto ain't lookin' so good right now.....

But if you really believe in it, it's a great time to buy, right?

Bitcoin, not "crypto".

Like Amazon, which is the first company to lose $1T  in market cap, now - or 12 - 24 months, probably a good buy

I believe there's more volatility coming for everything,  so yes I'll be buying more btc

Amazon has multiple business models that create revenue and profit.  Bitcoin is a technology fad that will end badly. Comparing Amazon to Bitcoin is like comparing your local pawn shop to Walmart. 

You are certainly blessed with frequent opportunities to buy.

Quote from @Bruce Woodruff:

Quote from @Terrell Garren:

@Eric Carr You used to post so often about crypto. What happened? 

Crypto ain't lookin' so good right now.....

But if you really believe in it, it's a great time to buy, right?

 Right, if you believe the Texans will win the Superbowl, it's a great time to gamble.  Probably a better gamble than Bitcoin though. 

Economist Nouriel Roubini slams crypto 'con men,' Binance CEO after FTX crash (cnbc.com

...the New York University professor said there were “seven Cs of crypto”: “Concealed, corrupt, crooks, criminals, con men, carnival barkers,”

@Eric Carr You used to post so often about crypto. What happened?