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Yea so one day I wanna get myself to the point where I understand wtf ur talking about hereBy burning, I mean sending crypto to an address that cannot be spent from. Gone forever. Say there was an ICO for ABW coin. 100,000 coins. $100,000 was raised. $1 each, right? Cool. Now let’s say you destroyed 99,999 of them. Crypto is divisible by well more than two decimal spaces unlike fiat currency. So you send 0.00001 ABW to everyone who invested. Cool. It’s still a $100k MarketCap. The 100k investors got 0.00001 ABW each ($1). But you’d be all over the web because of your coin going from $1 to $100,000 overnight ($100k MarketCap, 1 coin in circulation). YFI is going to go parabolic because of scarcity, DeFi investing, and the contrarian mindframe of their founder/developers.
Basically, the only real money is money that is backed by something and deflationary. Think of a poker night where I‘m losing my ass off, so I drive to Walmart and buy a big ass kit of poker chips and return to the table. That’s what the Federal Reserve does.Yea so one day I wanna get myself to the point where I understand wtf ur talking about here
I been rocking with $AAPL. Too sexy. A status symbol. ~$100 after split. We missed the Google and Amazon boat, $o...Anybody fw Tesla? Anyone buying up some Apple?
Stocks are split now
Anybody fw Tesla? Anyone buying up some Apple?
Stocks are split now
Hey with tesla being so high what are yall thoughts on buying into the components that go into tesla?
Great thinking.Hey with tesla being so high what are yall thoughts on buying into the components that go into tesla?