If you didn't buy Bitcoin at $40,000...

[Ekco]

it's quite literally a ponzi scheme

just don't be the doofus holding the bag at the end and more power to you if you make a buck but it never will be money.

[18120]

Originally Posted by Ekco [You must be logged in to view images. Log in or Register.]

it's quite literally a ponzi scheme

just don't be the doofus holding the bag at the end and more power to you if you make a buck but it never will be money.

I think its technically a "bigger fool" scam. But yes, it's still a scam

[aussenseiter]

Originally Posted by 18120 [You must be logged in to view images. Log in or Register.]

I think its technically a "bigger fool" scam. But yes, it's still a scam

Greater fool; 10 points will be deducted from Hufflepuff.

[Jobaber]

Originally Posted by Ekco [You must be logged in to view images. Log in or Register.]

it's quite literally a ponzi scheme

just don't be the doofus holding the bag at the end and more power to you if you make a buck but it never will be money.

its a ponzi scheme that only fails if society fails, you're literally betting on the collapse if you dont think it will go up

Which I agree with. Jesus saves.

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[Ekco]

Originally Posted by Jobaber [You must be logged in to view images. Log in or Register.]

its a ponzi scheme that only fails if society fails

it might just run its course without society falling. it hard to find people who still defend NFTs and other spin offs like that virtual real estate shit.

just a couple more exchanges imploding because of people like sam bankmanfried and it's prolly done for. FTX apparently never even actually bought any crypto with the money people invested.

[Jobaber]

Originally Posted by Ekco [You must be logged in to view images. Log in or Register.]

it might just run its course without society falling. it hard to find people who still defend NFTs and other spin offs like that virtual real estate shit.

just a couple more exchanges imploding because of people like sam bankmanfried and it's prolly done for. FTX apparently never even actually bought any crypto with the money people invested.

it's a math thing, this is how I look at it and I'm crazy but it adds up because it is math.

The reason one would invest in bitcoin, is because they are a happy, futurist, with free income to invest in idealistic nothings.

The reason one would not, is because they are unhappy, and not to optimistic, and unable to spend money on idealistic nothings.

If the ratio of users is such that bitcoin goes down, that means the ratio of users that are unhappy, and have no money is going up.

The greater that number is over the other, the more violent and unstable, and collapsed your society becomes.

If you're not rooting for bitcoin, you're rooting for end times. And for that I just want to say, thanks!

[Ekco]

^ not even touchin that.

it only works because of momentum, just like a popular phone game or whatever, once they peak and buy a commercial during the superbowl its over.

bitcoin is basically clash of clans is what im saying. or a virus is another good example once it propagates through the population it runs out of new hosts and then the "investors" start cannibalizing each other.

BTC peaked at 67k or whatever it was, shit's never going back that high

[Jobaber]

yeah the momentum of a functioning society.

Originally Posted by Ekco [You must be logged in to view images. Log in or Register.]

BTC peaked at 67k or whatever it was, shit's never going back that high

yeah because it's the tribulation right now.

[Ekco]

nah someone just needs to defrag the simulation, we're getting errors. it's gonna be fine...

[Jobaber]

potato potato