Bitcoin is a Ponzi

[ogc163]

 

[ogc163]

 

[winb83]

How the Crypto Hustle Carries on America’s Shameful History of Racial Inequality

Cryptocurrency was supposed to change the economic outlook for Black America. For many, it made things worse.

www.ineteconomics.org

"According to a Pew Research Poll, by 2021, 18% of Black Americans were invested in, traded, or used crypto, compared to only 13% of whites. Many were investors who had shied away from traditional stocks. By April 2022, an Ariel and Charles Schwab survey of 2,000 Americans found that 25% of Black investors owned cryptocurrency, compared to 15% of white investors.

Darrick Hamilton, long skeptical of the crypto craze, feared that a crash was coming and that it was going to clobber Black investors and communities. As he told me, “It’s low entry and it’s targeted to Black investors. And it’s like a casino, where Black people also get hit harder.”...

Investors need protection against the predations at a time when even an august institution like Fidelity is allowed to push crypto on workers trying to save for retirement.

Crypto is really just a fever dream of casino capitalism – ironically one born of fears about that very system. Calls to leap into the future digital world sound all the more enticing when things in the present real world are stacked against vulnerable people – not just Black Americans, but basically everyone who isn’t rich. Until things get better here and now, dangerous future-fantastical illusions like crypto will continue to thrive."

I'm struggling to understand how Black Americans could put money into crypto but not the stock market. I was the reverse of that almost. I mean I got like $550 in BTC and like 125 times that in non-retirement investing accounts. I have compete confidence in stocks and almost none in crypto. Crypto always seemed shady.

 

[Payday23]

The idiot dad hired family members in key posts

 

[ogc163]

The idiot dad hired family members in key posts

Cohodes been on their ass for a minute.

Signature Bank next up on that summer jam screen.

 

[ogc163]

 

[BushidoBrown]

 

[ogc163]

Cohodes been on their ass for a minute.

Signature Bank next up on that summer jam screen.

 

[BushidoBrown]

 

[Tres Leches]

 

[ogc163]

Is it heading to 100k?

 

[cheek100]

Is it heading to 100k?

Is it heading to 0

 

[ogc163]

Is it heading to 0

Answered a question with a question...broad behavior.

Eventually it will go to zero,but if you crypto jokers so confident ya shouldn't have no problems making a ban bet that it won't go to 100k within the next 2 years.

That's a assymetric bet in your favor...one of you should easily take that bet...right?

 

[1thouwow]

Fake ass money

 

[winb83]

I never sold mine. Been auto buying $10 per paycheck since 2021. Finally back in the green.