Bitcoin is a Ponzi

[lib123]

what's this? You've gone from btc going to zero to now simply less viable than the stock market?

So you're beginning to understand that btc & crypto are most likely here to stay?

When did I ever say BTC is going to zero? My prediction has remained below $10K.

 

[The Observer]

what's this? You've gone from btc going to zero to now simply less viable than the stock market?

So you're beginning to understand that btc & crypto are most likely here to stay?

Bitcoin will remain as there will always be a market and owners of crypto…..even if its value drops to $100.

The only way it could disappear or go to zero if the governments around the world ban it or remove the exchanges/tech around it….but there would still be an underground market for it….to purchase illegal goods I imagine.

 

[MeachTheMonster]

None of this changes the fact that the stock market exist to sell the public ownership of a company.

You ask what I can do with a piece of a company other than hope someone else buys it for a higher price? My answer is I can buy a share of a company with no intention of ever selling it and collect the dividend for the rest of my life as long as it's paid. I can leave it to my heirs and they can collect the dividend.

Your attitude towards stocks seems to mirror what bitcoin and crypto currency in general actually are it but that's just your view. Other people buy them for other reasons.

All bitcoin is boils down to what someone else will pay for it. Beyond that it has no value and does nothing. A stock is more than what someone else will pay for it. I keep saying it but a stock is ownership in a company that entitles the shareholder a portion of said company's profits. The share price doesn't change that.

Once again. Dividends are only paid on a small fraction of stocks.

By owning a stock you are not automatically entitled to profits. That’s nowhere near true. Lots of people watching companies profit and the value of their ownership fall.

Majority of stock trading selling and buying is based off trying to sell at a higher point than you purchased.

 

[lib123]

Once again. Dividends are only paid on a small fraction of stocks.

By owning a stock you are not automatically entitled to profits. That’s nowhere near true. Lots of people watching companies profit and the value of their ownership fall.

Majority of stock trading selling and buying is based off trying to sell at a higher point than you purchased.

Profitable companies that don't distribute dividends re-invest those profits in the company and/or repurchase shares, thus organically increasing shareholder value.

 

[MeachTheMonster]

Profitable companies that don't distribute dividends re-invest those profits in the company and/or repurchase shares, thus organically increasing shareholder value.

Don’t matter who’s doing the buying.

Your profit is based off someone else buying those shares at a higher price than you.

Companies don’t repurchase shares out of the kindness of their heart. They are speculating that those shares will be worth more at some point in the future, in which case they will sell them for a profit like everyone else.

And this isn’t even a definite thing. Profitable companies have no obligation to buy shares with their profit. Some do, Some don’t.

 

[lib123]

Don’t matter who’s doing the buying.

Your profit is based off someone else buying those shares at a higher price than you.

Companies don’t repurchase shares out of the kindness of their heart. They are speculating that those shares will be worth more at some point in the future, in which case they will sell them for a profit like everyone else.

And this isn’t even a definite thing. Profitable companies have no obligation to buy shares with their profit. Some do, Some don’t.

The point is profitable companies that don't issue dividends still increase their inherent shareholder value by re-investing profits into the company or repurchasing shares.

 

[MeachTheMonster]

The point is profitable companies that don't issue dividends still increase their inherent shareholder value by re-investing profits into the company or repurchasing shares.

Point is, this is irrelevant to the function of the market because for one, there’s no obligation for companies to do this. And two they only do it because they become speculative buyers like everyone else.

Go back to your 1-5 op. Seems company buybacks fit your 4 and 5 bullet points….no???

 

[the bossman]

When did I ever say BTC is going to zero? My prediction has remained below $10K.

Have you not said it would crash and never come back?

The whole point of this goofy thread was to assert that btc was a Ponzi scheme that would crash and go to zero wasn't it?

 

[lib123]

Point is, this is irrelevant to the function of the market because for one, there’s no obligation for companies to do this. And two they only do it because they become speculative buyers like everyone else.

Go back to your 1-5 op. Seems company buybacks fit your 4 and 5 bullet points….no???

No, they don’t fit 4 or 5. Reinvesting profits and buybacks isn’t irrelevant to the function of the market because institutional investors, who account for vast majority of investments, put a higher valuation on companies who reinvest profits or buyback shares. Stop reaching or pick up a book.

 

[lib123]

Have you not said it would crash and never come back?

The whole point of this goofy thread was to assert that btc was a Ponzi scheme that would crash and go to zero wasn't it?

I said it would crash and never reach all time peak again. I never said it would go to $0. Maybe your goofy self needs to learn reading comprehension.

 

[I Really Mean It]

The stock market is only “viable” for billionaires. For the rest of us, it’s a crooked and rigged shell game designed to fleece retail investors from the moment they buy a stock.

 

[the bossman]

I said it would crash and never reach all time peak again. I never said it would go to $0. Maybe your goofy self needs to learn reading comprehension.

So basically when btc reaches 70k again then the thread is done?

 

[MeachTheMonster]

No, they don’t fit 4 or 5. Reinvesting profits and buybacks isn’t irrelevant to the function of the market because institutional investors, who account for vast majority of investments, put a higher valuation on companies who reinvest profits or buyback shares. Stop reaching or pick up a book.

How does it not?

Companies buying stock=the payoffs come entirely from new investment money,

Companies will almost always win the trade so=the operators take away a large portion of this money.

And no institution investors don’t care about none of that shyt. They are buying for profit period. Again 90%+ of trades are high frequency shyt or market makers skimming. You think they are doing that based on company profit? They making hundreds of trades per minute/second cause they are watching company financials?

You stop reading those dumb ass books and use some critical thinking

 

[Tres Leches]

So basically when btc reaches 70k again then the thread is done?

Not even as soon as inflation peaks this thread is done until the next bear market and cycle repeats again

 

[Tres Leches]

The stock market is only “viable” for billionaires. For the rest of us, it’s a crooked and rigged shell game designed to fleece retail investors from the moment they buy a stock.

These stock guys allowed to trade pre and after hours while retail just watch their wealth destroyed and can’t do nothing until 9am