Bitcoin is a Ponzi

[Buckeye Fever]

What stocks he been mentioning?

He is big on Apple, Tesla(even though he hates them, oil stocks, etc.

He disses crypto heavy though, but I think crypto is something you can get in quick, then get out because it is so volatile.

shyt like Shiba, I can see buying and holding, though.


Another youtuber i follow is TOTALLY different. He is big on crypto, amc, gme, etc. I think his channel is cryptogang or somethin. Very good content.


Those 2 have 2 totally different points of view, but I like their content

 

[Standing on business]

Old heads and certain people only hate crypto because they see people making quick money without even knowing what a blockchain is. If it was insignificant it wouldn’t be relevant enough for them to hate it.

Both are tools that can make you money and lose you money, there’s no reason to hate either one.

 

[lib123]

Old heads and certain people only hate crypto because they see people making quick money without even knowing what a blockchain is. If it was insignificant it wouldn’t be relevant enough for them to hate it.

Both are tools that can make you money and lose you money, there’s no reason to hate either one.

No many people dislike crypto because naive 1st time investors are being sold dreams and they’ll end up losing a lot.

 

[Skooby]

Yep. I sub to a youtuber who is big on dividend paying stocks. He say many that are trying to get rich quick are gonna lose a lot of money. Fundamental stocks can still get you a fast ROI if you play it correctly

What's his channel?

 

[Standing on business]

No many people dislike crypto because naive 1st time investors are being sold dreams and they’ll end up losing a lot.

And that’s absolutely no different than the stock market where more than 90% of people lose their money. But hey I’m not arguing against either one, I’m a fan of both.

 

[lib123]

And that’s absolutely no different than the stock market where more than 90% of people lose their money. But hey I’m not arguing against either one, I’m a fan of both.

Except the stock market is safer than crypto.

 

[MR. SNIFLES]

Yea its official dudes in here lying. I just bought something with the crypto wallet. Yall misinformation knowitall coli dudes disgust me. Always lyin bout stuff. Broke selves. Smh

YOU AREN'T USING CRYPTO TO BUY. WHEN YOU GET YOU'RE IRS FORMS FROM THEM YOU SEE A BUNCH OF CRYPTO SELL ORDERS TO COVER YOUR PURCHASES. BE PREPARED TO GET TAXED ON THAT.

 

[Thegospel]

YOU AREN'T USING CRYPTO TO BUY. WHEN YOU GET YOU'RE IRS FORMS FROM THEM YOU SEE A BUNCH OF CRYPTO SELL ORDERS TO COVER YOUR PURCHASES. BE PREPARED TO GET TAXED ON THAT.

We'll see. All I know is Ole girl bought a lot of gifts for her kid with the money. I'll ask her what's up

 

[the bossman]

Crash is gonna come before Labor Day.

I have no problem admitting I was wrong about prior crash dates. I’m confident it will crash this month.

So by end of this month you think bitcoin will fall to 15k or less, correct?

*Checks BTC price at end of December*

Wrong again.

Let me guess, you were confident but not really confident.

When is the real crash happening this time?

 

[lib123]

*Checks BTC price at end of December*

Wrong again.

Let me guess, you were confident but not really confident.

When is the real crash happening this time?

Lol like I said, no problem admitting I was wrong. Crash definitely coming this month. 3rd times a charm.

 

[the bossman]

Lol like I said, no problem admitting I was wrong. Crash definitely coming this month. 3rd times a charm.

So now BTC will definitely crash to 15k or less by end of January, or else you'll add "I don't know wtf I'm talking about" in the thread title right?

 

[lib123]

So now BTC will definitely crash to 15k or less by end of January, or else you'll add "I don't know wtf I'm talking about" in the thread title right?

Lol the title and OP is about Bitcoin being a Ponzi, not my prediction.

 

[Xyrax]

No many people dislike crypto because naive 1st time investors are being sold dreams and they’ll end up losing a lot.

Nah nobody believes that shyt, because if those people really felt that way they would be losing their shyt over sports betting which has been blowing up for years. But where are those posts on that? Its ads are fukking everywhere during every sports cast selling dreams to people that lose truck tons of money. Those same people would also be equally as vocal about everything from penny stocks, to casinos, and more.

But I can't find a single poster that shyts on crypto constantly that has ever had nearly as many posts about those other topics. nikkas be lying. They big mad especially these last year to 18months because crypto prices sky rocketed and a bunch of people made money.

I'll believe the excuse you posted when I see that same energy elsewhere.

Except the stock market is safer than crypto.

I mean see this is exactly it, you juelzing already. Its easier to be profitable in crypto than it has been in lottery and even sports betting in terms of the amount of profit generated the last two years. But Ill bet I cant find as many posts complaining about those two. Its wild as hell to even think you can convince people that you suddenly care so much about the financial safety of strangers when none of the actions of these people back up that claim.

 

[lib123]

Nah nobody believes that shyt, because if those people really felt that way they would be losing their shyt over sports betting which has been blowing up for years. But where are those posts on that? Its ads are fukking everywhere during every sports cast selling dreams to people that lose truck tons of money. Those same people would also be equally as vocal about everything from penny stocks, to casinos, and more.

But I can't find a single poster that shyts on crypto constantly that has ever had nearly as many posts about those other topics. nikkas be lying. They big mad especially these last year to 18months because crypto prices sky rocketed and a bunch of people made money.

I'll believe the excuse you posted when I see that same energy elsewhere.



I mean see this is exactly it, you juelzing already. Its easier to be profitable in crypto than it has been in lottery and even sports betting in terms of the amount of profit generated the last two years. But Ill bet I cant find as many posts complaining about those two. Its wild as hell to even think you can convince people that you suddenly care so much about the financial safety of strangers when none of the actions of these people back up that claim.

You're conflating crypto and gambling. There isn't a mainstream effort to promote sports gambling as a "sure-thing, can't-miss" investment like there is with crypto. Everyone is aware that most people will lose gambling. The mainstream is also aware that penny-stocks are highly risky. Funny that you mention penny stocks, there was a similar mainstream effort promoting penny stocks as "can't miss" investments in the late 90s. A few early investors in dot-com penny stocks also made tons of money from 97-99. But guess what happened next? Naive 1st time investors entered en masse in 99-2000 and ended up losing more in aggregate than they invested. Using a 2-year period as a justification is asinine. Maybe you all should research bubbles going back to the 1700s like many of us critics have. History rhymes.

 

[Xyrax]

There isn't a mainstream effort to promote sports gambling as a "sure-thing, can't-miss" investment like there is with crypto.

I want to see receipts for can't miss investment mainstream promotion that differs from the gambling promotion you are claiming exists here. Because AFAIK both sports betting and Crypto advertisements literally follow the exact same regulations. There are no exceptions one follows that the other doesn't.



Versus




Mainstream advertisement for both of them follow the exact same path and regulation as far as I know so Im comparing them because it fits. And I have seen exactly zero mainstream ads that proclaim that investing in crypto is a sure thing. In fact I don't believe any of them exists because it would be illegal to do so. This all reeks of a strawman you are just making up and hoping no one calls you on so that you can try and justify such a weak argument. Feel free to prove me wrong.