Bitcoin is a Ponzi

[winb83]

are there any other Ponzi ETFs that I can invest in ? or is this the only one ?


maybe gold or commodities

BTC has no intrinsic value. It has no real purchase worth as a currency. If I go out and buy something for $100 from a store and 60 days later return it I’ll get my $100 back. If a store takes BTC are they even giving me back exactly what I gave them when it could be worth way more or way less than was at the time of purchase? Hell no.

BTC is pure speculation tethered to nothing. People just pile into it hoping it goes up so they can cash out and leave the next person holding the bag. People say it's going to $200K based on what calculations? What mathematical model are they using to calculate that?

Speculating on commodities is gambling off actual commodities. Nobody pretends otherwise.

There's really only mostly 2 types pf people I see pushing BTC. Regular every day people who hope they HODLE and go to the moon while not really being able to afford it crashing and wealthy people (especially on TV) who surgically get in and out of it when the value goes up but could afford to lose whatever they put in because it's play money to them.

 

[In The Zone '98]

BTC has no intrinsic value. It has no real purchase worth as a currency. If I go out and buy something for $100 from a store and 60 days later return it I’ll get my $100 back. If a store takes BTC are they even giving me back exactly what I gave them when it could be worth way more or way less than was at the time of purchase? Hell no.

BTC is pure speculation tethered to nothing. People just pile into it hoping it goes up so they can cash out and leave the next person holding the bag. People say it's going to $200K based on what calculations? What mathematical model are they using to calculate that?

Speculating on commodities is gambling off actual commodities. Nobody pretends otherwise.

There's really only mostly 2 types pf people I see pushing BTC. Regular every day people who hope they HODLE and go to the moon while not really being able to afford it crashing and wealthy people (especially on TV) who surgically get in and out of it when the value goes up but could afford to lose whatever they put in because it's play money to them.

Let go and Let God

 

[winb83]

Let go and Let God

Poorly informed people and low income people hear folks sing Bitcoin’s gospel every time it goes up and make foolish decisions about investing in it.

I’m not against BTC at all. I own a small amount of it and would buy more but to me it’s just gambling I don’t view it as some legit investment.

People thumping their chest every time it goes up are doing everyone a disservice. Same with the NFT bros who was acting like that was the future when all it ever really sounded like was the next scam.

 

[ORDER_66]

Poorly informed people and low income people hear folks sing Bitcoin’s gospel every time it goes up and make foolish decisions about investing in it.

I’m not against BTC at all. I own a small amount of it and would buy more but to me it’s just gambling I don’t view it as some legit investment.

People thumping their chest every time it goes up are doing everyone a disservice. Same with the NFT bros who was acting like that was the future when all it ever really sounded like was the next scam.

Look if it's a ponzi scheme you have nothing to be worried about right???

 

[MasterOfAllHeSurveyz]

The assumption that markets will quickly bounce back again is flawed. The reason they bounced back so quickly in 2009 and even faster in 2020 was because the Fed injected trillions into the markets. The current high inflation (highest since the 1970s/80s) will prevent the Fed from doing so without sparking hyperinflation.

My god, can people stop saying shyt like this? No matter WHAT asset class you are for, it's not time to buy. There is no signal that things will pickup to just be telling nikkas to buy cause shyt dropped in price. You're gonna be having people losing money just cause... We don't know where the bottom is for any of this shyt given the economy, so lets chill for a day. shyt.

I guess that ponzi is ponzi-ing. This is not my first rodeo when it comes to bear markets. Money is made, in bear markets, when the layman is disinterested. We're a little over 14% away from the last ATH of $69045.

=====

This is what your wallet would look like buying $100/week of BTC from my initial post on June 13th, 2022.

 

[Tres Leches]

Why yall had to up this don’t do it to em

 

[winb83]

I guess that ponzi is ponzi-ing. This is not my first rodeo when it comes to bear markets. Money is made, in bear markets, when the layman is disinterested. We're a little over 14% away from the last ATH of $69045.

=====

This is what your wallet would look like buying $100/week of BTC from my initial post on June 13th, 2022.

Give it a few more months and it'll be back down again. When people start taking profits it will have a domino effect.

 

[MasterOfAllHeSurveyz]

Give it a few more months and it'll be back down again. When people start taking profits it will have a domino effect.

Ban bet? Three months from now.

 

[Indeed]

 

[lib123]

I guess that ponzi is ponzi-ing. This is not my first rodeo when it comes to bear markets. Money is made, in bear markets, when the layman is disinterested. We're a little over 14% away from the last ATH of $69045.

=====

This is what your wallet would look like buying $100/week of BTC from my initial post on June 13th, 2022.

Glad you profited. Still believe it will be much lower long term.

 

[Forsaken]

I don't see how posting gains disproves BTC is a ponzi. People make money on ponzi schemes.

Congrats to the brehs that made $$$.

 

[ConPHIdential]

I believe this is a fair discussion as it relates to Bitcoin and I would not be surprised to see another form of crypto overthrowing BTC by the end of this decade. Cryptocurrency as a whole however is here to stay and I will (along with many others) will continue to flourish with profits as these cycles continue. I’m hoping Bitcoin and the market continues to capitulate as time goes on to rinse and repeat these gains.

Dropped this Dec. 2022 and here we are 4x later almost revisiting ATH. Most money I’ve been in profit before a halving.

Stay broke, brehs.

 

[ConPHIdential]

Argue about Bitcoin being a ponzi scheme while the rest of us been caking up off it brehs

 

[GoldenGlove]

I guess that ponzi is ponzi-ing. This is not my first rodeo when it comes to bear markets. Money is made, in bear markets, when the layman is disinterested. We're a little over 14% away from the last ATH of $69045.

=====

This is what your wallet would look like buying $100/week of BTC from my initial post on June 13th, 2022.

You DCA $100 a week in BTC over the last 18 months?



Now calculate that same play for NVIDIA over that time frame.

 

[UpNext]

You DCA $100 a week in BTC over the last 18 months?



Now calculate that same play for NVIDIA over that time frame.

Aiolux.com: Dollar Cost Average Calculator for [NVDA] NVIDIA Corp. | Aiolux

Dollar Cost Averaging (DCA) simulates effect of regular investments in [NVDA] NVIDIA Corp. without regard for price/market fluctuations or trying to time markets. Specify stock/etf/crypto symbol & investment schedule below then click recalculate to view dollar cost averaged back-test report. DCA...

aiolux.com

Comes out to about 25k vs 21k for bitcoin.


Not bad for a ponzi