Bitcoin is a Ponzi

DrHackenbush

DrHackenbush

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ORDER_66 said:
:laff::laff::laff::laff::laff: 5 years nikka!!! 5 years!?! 106% Thats it wtf lmfao you got me dying right now!!! If I told you how much my $20 worth of Saitama is right now you wouldn't believe me!!!:bryan: fukk waiting 5 years!!!
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haha this dude said 106% :mjlol:

fukk the S&P anyway, being artificially held up with billions of freshly printed US dollars. Even more of a ponzi than Bitcoin
 
R

Reign X

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lib123 said:
Lol it’s so obvious some of you have never experienced a bubble before as an investor or close observer of the dot-com bubble. Major moves were made prematurely for an exponentially more revolutionary invention ( the Internet) and major institutions got it wrong as far as timing. Similar to dot-com bubble, crypto investors are speculating on the speed and depth of cryptos widespread adoption without tangible evidence. The institutions are getting involved because regardless of how widely it’s adopted, there’s still money to be made from transaction fees and financial products. Notice none of these institutions are taking significant crypto holdings on their balance sheets? If they were so confident in its appreciation, you really don’t think they would be taking large positions? Y’all think you’re being smart but really just showing you don’t know how bubbles occur.
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microstrategy hasn’t taken a big position? Tesla bought a decent amount.

Cathie woods and her team have put likely thousands of hours into researching bitcoin. You haven’t even read the bitcoin standard. You just show up during downtimes and disappear during good times, like a coward.
 
Sukairain

Sukairain

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ImLionyall said:
That argument for stock not being a ponzi scheme is weak.... stock has value because ppl reinvest in it? That's like saying its cold outside because you saw snow on the street
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When you buy stock, you buy a partnership in a company. You buy a share in all the equipment and property owned by that company, you buy a share in all goods produced by that company. You don't have to sell the stock to make a profit. You can hold onto it for life and just eat off the dividends. Day trading is just speculation, but there is a hard core of stock owners who don't day trade, and who make their money from the dividends.

Also the more stock you own the greater your control over that company is, so there is an incentive to hold on and even expand your partnership, because that will lead to greater personal control over the company.

Bitcoin isn't like that. You don't own a share of a company. You don't get paid just for holding onto it. You have to sell it to make money.
 
boskey

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At the car dealership this morning. Old head in his 60's who looks like he struggles to turn on a computer was wearing this exact hoodie talking to the chick at the desk about "Have you heard of the new trend?? Write your number down, I can teach you how to make some money :flabbynsick:"

d46567_e6d1ce0375f343dc9b89a0770ec5b2ae~mv2.webp


https://www.bitcoinrodneyshop.com/product-page/br-all-over-hoodie

If youre just about making money go ahead good luck. But people acting like this is anything close to legit are pure fools. Tech CEOS,hedge funds, ex-convicts and coli brehs all getting rich together...sure. Never seen a more obvious bubble...
 
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