This the one
Bitcoin is a Ponzi
- Thread starter lib123
- Start date
This the one
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This isn’t very fair. You can cook any of the numbers to make whatever point you are trying to make.
It’s all about timing, and pretty much nobody can get that timing exactly right.
BTC has been a huge money maker for some and a huge loss for others.
That’s kinda how all this stuff works. Somebody gotta take a loss for someone else to make a gain.
It’s all a “scam” or “ponzi scheme” when you look at it that way.
The goal is to come out on the right side of the fukkery
This isn’t very fair. You can cook any of the numbers to make whatever point you are trying to make.
It’s all about timing, and pretty much nobody can get that timing exactly right.
BTC has been a huge money maker for some and a huge loss for others.
That’s kinda how all this stuff works. Somebody gotta take a loss for someone else to make a gain.
It’s all a “scam” or “ponzi scheme” when you look at it that way.
The goal is to come out on the right side of the fukkery
No, it's a very fair retort to people who like pointing out how low Bitcoin was in 2011-2013 in response to recent declines, with the undertone that past returns will be replicated in the future. The vast majority of investors didn't get in at those very early lows. The correct statement would be "BTC has been a huge money maker for very very very few and a huge loss for many more".
Armchair Militant
Stay woke
…and fools said this shyt was an inflation hedge 
As has everything else.
Lots of “tesla millionaires” and lots of tesla “bagolders”
Like i said, somebody gotta lose for somebody to win.
You can pick a time and a particular number and make pretty much any claim you wanna make
As has everything else.
Lots of “tesla millionaires” and lots of tesla “bagolders”
Like i said, somebody gotta lose for somebody to win.
You can pick a time and a particular number and make pretty much any claim you wanna make
The difference is the bagholders exponentially outweigh the millionaires in crypto. So using your logic of somebody gotta lose for somebody to win, Madoff's Ponzi was all good right?
Exactly. I feel like a lot of people reading that "average purchase price of Bitcoin in circulation" don't understand what it means. On average, holding bitcoin is underwater right now. The people who profited are the ones who cashed out, while the average person holding is desperately hoping for it to go up so they don't have to sell at a loss.
Completely clueless about how all of this stuff works
At least you know it, so you’re ahead off the overwhelming majority of people out there throwing their money away hoping it somehow doesn’t disappear
…and fools said this shyt was an inflation hedge
Don’t feel bad, pretty much everybody else is too.
Only a sane person can admit that
The others don't realize they are in a cult called crypto mania, and have convinced themselves this is some kind of real investment
when the people who really make money at crypto recognize it has the racket it is, which is why they got rich
Bag holders outweigh millionaires every where. That’s kinda how it works.
Madoffs ponzi wasn’t ok because people were mislead on what their money was going to.
As “bad” as we view madoff and what he did. A lot of his influence is still active in the market today.
Y’all should have gotten out when it was $48k a coin 