The Cookout

[The Haze Of Our Lives]

Now I have been following Matt for a while and the man drops Boo Koo gems. He isn't into mining crypto as I am but that's ok. The SEC is so hell bent to place BS WS regulations on all crypto because they see there is no stopping Black wealth on a major scale. Black Family? I am STILL kicking my ass for using the 21 whole bitcoins in 2011 but traded them for 4 playstation games and a new joystick.

 

[The Honorable]

How are you so sure someone will become rich? There’s a reason why investments feature a disclaimer regarding returns. With the huge dips we have seen in crypto it is irresponsible to push this to Black people without asking them to conduct their due diligence in regards to what crypto is, the potential downsides, and how to get the best out of it.

Have you even done this basic research into it yourself? What are you to say if Black people take a huge loss behind Crypto? Do you think a “my bad” will suffice?

 

[Sovereign]

How are you so sure someone will become rich? There’s a reason why investments feature a disclaimer regarding returns. With the huge dips we have seen in crypto it is irresponsible to push this to Black people without asking them to conduct their due diligence in regards to what crypto is, the potential downsides, and how to get the best out of it.

Have you even done this basic research into it yourself? What are you to say if Black people take a huge loss behind Crypto? Do you think a “my bad” will suffice?

Great point and that’s not to rag on you The Haze Of Our Lives it’s about making sure we are setting Black people up to win.

Even the most popular cryptocurrency, Bitcoin, is far from stable. While it reached a high of $68,000 per share in November of 2021, as of December 2021, it’s worth around $48,000 per share. This is not “normal” behavior for a typical investment.

As such, you could easily lose your return on investment. Plus, it isn’t easy to cash in crypto; you’ll need to go through a crypto exchange and you may pay taxes, as well as an exchange fee from a third-party broker.

Putting money that you can’t afford to lose into crypto is especially risky if you want to use it in the long term, like for retirement or your child’s education. One day you could have it, and the next, it could be gone.

The Haze Of Our Lives what are your thoughts on the volatility in the cryptocurrency space? What’s the best way to minimize loss in downmarkets and what are your thoughts on government regulation?

 

[The Haze Of Our Lives]

How are you so sure someone will become rich? There’s a reason why investments feature a disclaimer regarding returns. With the huge dips we have seen in crypto it is irresponsible to push this to Black people without asking them to conduct their due diligence in regards to what crypto is, the potential downsides, and how to get the best out of it.

Have you even done this basic research into it yourself? What are you to say if Black people take a huge loss behind Crypto? Do you think a “my bad” will suffice?

Well in my case? I am already winning, my machines have pay for themselves several times over and I am set to but 5 more. And the "my bad" wouldn't fall on me if black people[ on put in enough they can afford.
I didnt have jack to do so I bought 16 million Inus. I spread my mining and high APR crypto savings collecting everyday.
But Matt doesn't mine his..he just outright buys it and that's kool if you can do it like that. There are many ways to turning a little into alot. I do CD's but the APR is nothing like it is with crypto savings.

 

[The Honorable]

Well in my case? I am already winning, my machines have pay for themselves several times over and I am set to but 5 more.

Define "winning"?

If you turned your assets into cash today what would be your ROI in % form? In what duration of time did it take you to realize that ROI? We need tangibles, sweeping statements such as "I'm winning" are not sufficient.

And the "my bad" wouldn't fall on me if black people[ on put in enough they can afford.

Where in your initial post did you recommend to only put in what you can afford to lose? Your title is "Become Rich From $30 w/ SHIBA INU COIN" and nowhere in the post does it speak on the risks. So if an unsuspecting Black person read it, took your word, and invested they could be putting their money at risk and be none the wiser. That's my entire issue, you do not speak to Crypto as an investment, you speak on it like an ATM where you put $20 in and get $100 out and that's not what's going on.

I didnt have jack to do so I bought 16 million Inus. I spread my mining and high APR crypto savings collecting everyday.
But Matt doesn't mine his..he just outright buys it and that's kool if you can do it like that. There are many ways to turning a little into alot. I do CD's but the APR is nothing like it is with crypto savings.

If someone doesn't understand Crypto, none of that make any sense.

 

[The Haze Of Our Lives]

Great point and that’s not to rag on you The Haze Of Our Lives it’s about making sure we are setting Black people up to win.



The Haze Of Our Lives what are your thoughts on the volatility in the cryptocurrency space? What’s the best way to minimize loss in downmarkets and what are your thoughts on government regulation?

Staking EVERYTHING you can and HODL your position. The market "is" adjusting so that is to be expected but as for Govt. Regulation? I don't like them having anything to do or say about how I mine crypto and knowing how many machines I have so they will be in a govern.
1 coinminer cost me $699 and in 15 months it mined 2 whole ETH coins, if I cash out now I would lose out on 5.15% but cash a little over 11k.

 

[The Honorable]

if I cash out now I would lose out on 5.15% but cash a little over 11k.

Just to make sure we are on the same page.

In a 15 month timeframe you lost 5.15% on Crypto?

 

[The Haze Of Our Lives]

Just to make sure we are on the same page.

In a 15 month timeframe you lost 5.15% on Crypto?

No Fam. In 15 months that machine that cost me $699 mined 2 1/2 whole ETH coins, if I cashed that out it would be a little over 11k. Where I am holding it I am getting 5.15% APR. This has put me ahead enough to buy 5 more mining machines and still be in the black.