Bitcoin is a Ponzi

[In The Zone '98]

Nah I don’t hide. Like I’ve always said I’m glad brehs have been able to capitalize on it. But in the end I still think it will be much lower.

When's the end, 2045?

 

[the bossman]

It’s undeniable that Covid stimulus efforts propelled crypto to its current heights. That’s why it’s a bubble.

It's undeniable that Bitcoin wouldn't be at current heights without the massive Covid stimulus.

The stimulus was a major catalyst behind crypto’s rise.

But all that artificial support is gone now. Look out below.

You struggle to understand that crypto's rise correlated with all-time low interest rates and monetary stimulus.

I'm confused. Haven't seen any COVID stimulus checks in awhile. Things aren't adding up. Can you explain what's happening?

Do you have any evidence that crypto will thrive in a high interest-rate environment? No. Yes

 

[winb83]

let me guess these dummies wont come back in here this year but i bet they will come back in 2026 during the bear market year

It goes up and down and for the most part mirrors whatever the stock market is doing to the point where it's not really an alternate form of currency or a hedge against the market it's just following it.

I guess my point is why bother buying this when you can invest in something like Google or Amazon that's undervalued as a company and has a level of predictability and even a dividend to it (Google)?

I guess it's an easy target. It's a brainless investment that requires no real research or tracking you just throw your money at it and there aren't any conference calls or earnings performance to track. If the stock market is doing well this will probably do well too I guess.

This is likely going to always have at least some level of success because there's a lot of people who want to get rich quick and will blindly throw their money at it. There's also a lot of people with capital that want to exploit the former. It's day trading or penny stocks dumbed down with no skill or knowledge required. Really though for brainless investing ETFs exist.

 

[MasterOfAllHeSurveyz]

It goes up and down and for the most part mirrors whatever the stock market is doing to the point where it's not really an alternate form of currency or a hedge against the market it's just following it.

I guess my point is why bother buying this when you can invest in something like Google or Amazon that's undervalued as a company and has a level of predictability and even a dividend to it (Google)?

I guess it's an easy target. It's a brainless investment that requires no real research or tracking you just throw your money at it and there aren't any conference calls or earnings performance to track. If the stock market is doing well this will probably do well too I guess.

This is likely going to always have at least some level of success because there's a lot of people who want to get rich quick and will blindly throw their money at it. There's also a lot of people with capital that want to exploit the former. It's day trading or penny stocks dumbed down with no skill or knowledge required. Really though for brainless investing ETFs exist.

Screenshot your portfolio in stocks.

 

[Capitol]

It quietly goes up whether you are for it or not so might as well make so bread out of it. Am I missing something?

 

[Koichos]

 

[dterpsss]

Nah I don’t hide. Like I’ve always said I’m glad brehs have been able to capitalize on it. But in the end I still think it will be much lower.

My guy its ok to be wrong sometimes. Its obviously a cyclical market, that's nothing new.

 

[Diunx]

So are there any uses for this besides selling for more than you brought it?

 

[MasterOfAllHeSurveyz]

So are there any uses for this besides selling for more than you brought it?

You can lend it out or stake it by converting it to Wrapped BTC on the Ethereum network.

 

[lib123]

My guy its ok to be wrong sometimes. Its obviously a cyclical market, that's nothing new.

No actually the crypto phenomenon is new. If you study bubbles going back to the dot com bubble and even further to other major past bubbles like the Dutch tulip mania in the 1600s, they share very similar characteristics as far as mass mentality driving it higher. That’s part of the disconnect, most people investing in crypto aren’t aware of any of those past bubbles and don’t see the similarities.

 

[In The Zone '98]

That’s part of the disconnect, most people investing in crypto aren’t aware of any of those past bubbles and don’t see the similarities.

Explain the US govts disconnect in regards to the Stablecoin bill that just passed

Also, tell us how disconnected the European Union is with them creating MICA regulations

Are you the smartest person not in these rooms? Help me understand

 

[Youhadasparkwhenustarted]

Bitcoin has found it's niche as a store of value, the bubble is every other crypto, and bitcoin is propping that bubble up. Everything other than bitcoin is pretty useless, and this is coming from someone who is invested.

 

[lib123]

Explain the US govts disconnect in regards to the Stablecoin bill that just passed

Also, tell us how disconnected the European Union is with them creating MICA regulations

Are you the smartest person not in these rooms? Help me understand

I’m talking about the disconnect as far as investors in crypto being unaware of past financial bubbles and how they’re similar to crypto.

 

[In The Zone '98]

I’m talking about the disconnect as far as investors in crypto being unaware of past financial bubbles and how they’re similar to crypto.

Do you feel the USA and EU are making a poor decision by having regulations regarding crypto assets?

 

[lib123]

Do you feel the USA and EU are making a poor decision by having regulations regarding crypto assets?

No