Bitcoin is a Ponzi

[Leasy]

At thar point doesnt that erase the point of crypto? At least from what Ive been told all these years with it being unregulated being the biggest plus

That shyt was never unregulated that was a selling point to get people to invest. Governments like America etc.. been tracked that shyt.

I do believe this crash is created though and is made to be honest to start crom scratch.
You can't deny the technology though it's official and will be the future.

 

[lib123]

what?
the thing is you can laugh and jeer for the next 10 years
ok you right
bitcoin is trash, a scam

what are you invested in and show us the way.

unless you just another person who watches people fail and laugh
yet sit on the sidelines and never try anything yourself

are you that person?
what are you invested in?

Why should I share what I'm invested in? The purpose of this thread was to warn people not to invest in crypto. Page 1 gave a clear breakdown of how Bitcoin's rise was ponzi-esque and posters constantly dismissed and ridiculed myself and others. Now said posters have disappeared. Personally, I don't think now is a good time to invest in anything as we're in for a prolonged bear market unless you're experienced in shorting markets.

 

[Uncouth Savage]

Why should I share what I'm invested in? The purpose of this thread was to warn people not to invest in crypto. Personally, I don't think now is a good time to invest in anything as we're in for a prolonged bear market unless you're experienced in shorting markets.

it matters because folks are paying attention to the developments.
some might even think you have investment expertise and know what you talking about
vs
you just talking shyt to those who fail
investing in coli daps

this whole thing not about you getting daps and reps right?

if you short the markets whats wrong with saying that?
I am VERY interested in learning about that

do you think bitcoin will go to $15K next week?
what of $10K?

it would be nice if you were able to teach us some things
instead of laughing and kicking when we down

you know things?

 

[lib123]

it matters because folks are paying attention to the developments.
some might even think you have investment expertise and know what you talking about
vs
you just talking shyt to those who fail
investing in coli daps

this whole thing not about you getting daps and reps right?

if you short the markets whats wrong with saying that?
I am VERY interested in learning about that

do you think bitcoin will go to $15K next week?
what of $10K?

it would be nice if you were able to teach us some things
instead of laughing and kicking when we down

you know things?

LOL did you see when I created this thread? December 2021, when bitcoin was steal near all-time highs. People could have saved a lot of money if they got out of crypto at that time. I'm not laughing at people while they're down, I'm responding to posters who would consistently mention me when Bitcoin reached a high but have now disappeared.

In the short-term, I believe crypto could remain relatively range bound thanks to the below-forecast October CPI. However, a hot November CPI could bring things crashing down. Crypto is not an inflation hedge at all (which some posters had foolishly argued) and a hot CPI will lead to continued aggressive rate-hike forecasts, which will lead to higher interest rates and downward pressure on crypto.

I'm not trying to kick anyone while they're down. Just calling out the charlatans. Get out your feelings bruh.

 

[Uncouth Savage]

LOL did you see when I created this thread? December 2021, when bitcoin was steal near all-time highs. People could have saved a lot of money if they got out of crypto at that time. I'm not laughing at people while they're down, I'm responding to posters who would consistently mention me when Bitcoin reached a high but have now disappeared.

so you are encouraging everyone to sell their bitcoin and leave crypto?

this how I view things
certain things are serious
politics and investments are two of those
there is no trolling or fukkin around involved

if you are a blk man and see other blk men trying to make money
and laugh at them when they fail
thats grimy

ESPECIALLY if you not saying "invest in ______, that is how I am making money"

I am just against laughing at folks who fail
whilst doing nothing

 

[In The Zone '98]

Credit Suisse running an even larger ponzi.

Make the thread...

 

[lib123]

so you are encouraging everyone to sell their bitcoin and leave crypto?

this how I view things
certain things are serious
politics and investments are two of those
there is no trolling or fukkin around involved

if you are a blk man and see other blk men trying to make money
and laugh at them when they fail
thats grimy

ESPECIALLY if you not saying "invest in ______, that is how I am making money"

I am just against laughing at folks who fail
whilst doing nothing

Actually yeah I would suggest people sell their crypto if they have a sizable investment. And the Black men in this thread who had crypto in December 2021 would’ve avoided 70% in losses if they sold their Bitcoin. How is loss aversion not helpful? And again I’m talking to posters who were scoffing about what has largely come to fruition.

 

[In The Zone '98]

Actually yeah I would suggest people sell their crypto if they have a sizable investment. And the Black men in this thread who had crypto in December 2021 would’ve avoided 70% in losses if they sold their Bitcoin. How is loss aversion not helpful? And again I’m talking to posters who were scoffing about what has largely come to fruition.

If you understand what a halving is, why would anyone sell their positions. Knowing there are bullruns every 4 years or so?

We should be encouraging black men to learn the market and not worry about the marketing.

 

[Raiders]

Crypto has a place but Bitcoin is old tech, one day it’s gonna drop and never recover while something more modern takes its place once real adoption happens. I would never invest in Bitcoin.

 

[the bossman]

Why are all the Coli crypto maxis so quiet? @the bossman why aren't you here defending crypto with the ongoing SBF implosion? One of the biggest crypto companies was running a straight up Ponzi and you ain't got nothing to say about that? Oh, but I guess my being too early in predicting the downfall (even though Bitcoin has declined by 70% since this thread was made) is more important, right? Where y'all at?

fam don't nobody pay attention to this goofy ass thread.

Most crypto dialogue on this board is in the BTC thread

Cryptos reputation along with public trust and confidence in the industry will unfortunately take a big hit from the SBF bullshyt. Hope that bytch ass cac goes to prison.

Short term - it could get ugly. Long term - market eventually recovers and youll still be here coming up with a different narrative for the "final blow" every month

First the final blow was supposed to be the end of stimulus checks, then the CPI, now SBF. I won't lie I'll check back in here in a couple months to see what new narrative you come up with next

 

[Tres Leches]

Every time this thread is upped on the first page historically a good time to buy some


I’m just saying if you want a good cost Basis on btc or Eth

 

[the bossman]

what you are seeing is the non legit ponzi scheme type coins and marketplaces falling from the created free fall.

You will probably see between 3 to 5 legit marketplaces when it's done with the governments has theirs.

This is the bullshyt getting wiped out. If you actually read into how everything unfolded you'll quickly realize this was more wall street scam artistry than anything else. They just happened to deal with crypto

OP makes the lazy mistake that most people in this thread will make. Thinking FTX = all of crypto. If FTX was a Ponzi scheme that means everything in crypto including BTC is a Ponzi scheme

The type who wouldve written off an Amazon or Apple right after the 2000 dot com crash. A lot of those folks now wishing they thought differently back then.

 

[lib123]

fam don't nobody pay attention to this goofy ass thread.

Most crypto dialogue on this board is in the BTC thread

Cryptos reputation along with public trust and confidence in the industry will unfortunately take a big hit from the SBF bullshyt. Hope that bytch ass cac goes to prison.

Short term - it could get ugly. Long term - market eventually recovers and youll still be here coming up with a different narrative for the "final blow" every month

First the final blow was supposed to be the end of stimulus checks, then the CPI, now SBF. I won't lie I'll check back in here in a couple months to see what new narrative you come up with next

Lol got it 70% decline is no big deal.

 

[lib123]

If you understand what a halving is, why would anyone sell their positions. Knowing there are bullruns every 4 years or so?

We should be encouraging black men to learn the market and not worry about the marketing.

The entire halving argument is based on past performance. Past performance isn’t indicative of future returns. This crypto implosion is going to turnoff the masses from crypto.

 

[In The Zone '98]

Lol got it 70% decline is no big deal.

You trolling?

All the coins do this.