how many of you think crypto is a semi ponzi scheme?
Don't get me wrong I'm not saying you can't make money in it or that there are potential legitimate uses for it. But I think stuff that people like Michael Saylor try to sell about Bitcoin is total bs.
You'd think you're listening to a religious pastor when you hear him spread pretentious ideas about how bitcoin is the future of finance. Lmao.
I'm sure bitcoin still has big bull runs in its future but I don't see any evidence of what libertarian hard-core crypto people claim about it happening.
Ultimately though I think much of the massive money that gets put in by whales is to pump up the market and eventually cash a lot out when it gets big enough, and leaves retailers in many cases screwed over.
What do you think, whether you agree or disagree?
$Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $AMC Entertainment(AMC.US$ $Apple(AAPL.US$ $Tesla(TSLA.US$ $Alibaba(BABA.US$
You'd think you're listening to a religious pastor when you hear him spread pretentious ideas about how bitcoin is the future of finance. Lmao.
I'm sure bitcoin still has big bull runs in its future but I don't see any evidence of what libertarian hard-core crypto people claim about it happening.
Ultimately though I think much of the massive money that gets put in by whales is to pump up the market and eventually cash a lot out when it gets big enough, and leaves retailers in many cases screwed over.
What do you think, whether you agree or disagree?
$Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $AMC Entertainment(AMC.US$ $Apple(AAPL.US$ $Tesla(TSLA.US$ $Alibaba(BABA.US$
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AuanAuan : its a manipulative market
Aurelian : back to 650 eod ?
RonaIdo : The world economy is a pyramid scheme.
Sg-Jin : Stonks with high P/E ratios trading at exuberant values
Money not backed in gold with unlimited printing power
Ponzis too ?
wafflewolfeh Sg-Jin : Real assets is backed by real value. E.g. the amount of value they generate through services or produce. This is unlike the value of fiat currencies that are supposedly backed by gold. It is also unlike crypto that is backed by hype and supposed rarity.
Stocks and gold for the win.
Sg-Jin : Value is subjective to each their own bro
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When did the dollar depeg from gold ? Aug 15 1971
Fun facts.
Siausin : Blockchain, DeFi, how many people really understand them? so called new technology to replace traditional banking. Think about it, the traditional banking system has been around for hundred of years, been through big up and crash, tested and regulated, now a bunch of crypto new kids say they are going to replace the traditional banking system and everyone will kowtow and say yeah?,,,are you kidding…people who plays bitcoin, not invests, because people are speculating crypto believing in fairytale get rich quick scheme. Remember Madoff who promised risk free high regular return?
Zerocool888 : It’s not semi ponzi scheme. IT IS A PONZI SCHEME.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Broomer Siausin : Hey, Kid you are not a smart investor. Are you friends with Boomer. Good ol banking is tried and true battle tested Ford tough? You should not watch so much TV and Disney movies. If u ever want to learn the true art of Selling Crypto stop by my Dojo
Revelation 6 : I think what happened to Luna says it all.