Bitcoin is a Ponzi

[cheek100]

Understood but several major companies went bust following the dot com bubble burst. And that’s the point, these bubbles inflate because they are viewed as “different” but then there is a massive bust when expectations become unrealistic. Also, Amazon almost went bust.

The little-known deal that saved Amazon from the dot-com crash

Jeff Bezos is the world’s second-richest person. His company almost went broke.

www.vox.com

Absolutely and most of these shytty crypto projects are gone as soon as they pass regulations.
It’s like 2mil + even bitcoin is questionable
now defi is another animal

 

[Gloxina]

Lol I’ve always said I’m glad if y’all have been able to make money off of crypto. It’s still gonna collapse tho. Read the book below and research the dot com bubble. We’ve seen this before. Whenever common everyday people are hyped about an investment, the collapse is near.

Extraordinary Popular Delusions and the Madness of Crowds - Wikipedia

en.m.wikipedia.org

I mean, yea. But folks can ride the wave back up. It’s just a cycle at this point. Wait for the bottom to fall out and buy the dip. There’s still money to be made moving forward.

 

[lib123]

I mean, yea. But folks can ride the wave back up. It’s just a cycle at this point. Wait for the bottom to fall out and buy the dip. There’s still money to be made moving forward.

Uh that’s the problem with bubbles. People buy the dip until the dip is really the end and then end up losing a ton of money.

 

[Gloxina]

Uh that’s the problem with bubbles. People buy the dip until the dip is really the end and then end up losing a ton of money.

Well sure, but some of these coins are going to be here to stay.

If you’re literally gambling and throwing money in random ass alts, you’ve already lost your money

 

[In The Zone '98]

Uh that’s the problem with bubbles. People buy the dip until the dip is really the end and then end up losing a ton of money.

No data or market event supports BTC going to $0 anytime soon

We'll cross that bridge if it is ever built

 

[lib123]

No data or market event supports BTC going to $0 anytime soon

We'll cross that bridge if it is ever built

I never said it’s going to $0 but it’s very feasible that it will end up significantly lower.

 

[In The Zone '98]

I never said it’s going to $0 but it’s very feasible that it will end up significantly lower.

Sounds like hopium

 

[ReturnOfJudah]

 

[lib123]

Sounds like hopium

No it’s not in the context of asset classes that have risen as fast as Bitcoin within a short period of time in the past.

 

[Gloxina]

No it’s not in the context of asset classes that have risen as fast as Bitcoin within a short period of time in the past.

I mean, there will def be a dip, but Bitcoin is here to stay.

 

[In The Zone '98]

No it’s not in the context of asset classes that have risen as fast as Bitcoin within a short period of time in the past.

It's currently at $2T

What's more likely $500B or $5T?

 

[Xyrax]

I still think anything physical is better than digital. It needs to be accepted to the entire world first before I even consider getting into it but that’s just me

There is cold storage for your BTC, but I do get what you are saying.


But I truly believe that mental comfort is just a sign of what we are accustomed to. I have to think HARD for the last time I carried a substantial amount of physical cash in my wallet. Im not talking about the $200 thats been in there for like a year 'just in case'. Like, when was the last time you truly used physical currency on a regular? Everything is digital these days, even taxis/UBER is paid via the app/card.

I dove into this crypto shyt like 10 years ago to make sure I stayed up on the new shyt. I still think its weird, but the results don't lie.

 

[lib123]

It's currently at $2T

What's more likely $500B or $5T?

Again, based on past asset bubbles under $500B is more likely. You won’t get what I’m saying unless you research past asset bubbles.

 

[lib123]

I mean, there will def be a dip, but Bitcoin is here to stay.

It can be here to stay at a much lower value.

 

[In The Zone '98]

Again, based on past asset bubbles under $500B is more likely. You won’t get what I’m saying unless you research past asset bubbles.

I think $5T more likely.

Within six months, honestly.