/biz/ - Business & Finance

>>12726458
>we chads

>>11430679
>tfw internet meme money nobody uses for anything is 2deep4me

>he thinks "institutions" will invest billions in the festering shitpool that is crypto just because Fidelity Investments is opening a small trading desk so they could add they are "supporting innovative new technologies like cryptocurrencies" in their public facing PR material
>he thinks his meme internet money nobody uses is of any interest to institutional money managers

You people are so detached from reality its amusing.

>Crypto is now over 10 years old
>Still nobody uses it for anything except as a ponzi/pyramid scheme
>"revolutionary technology"

Did greed and get-rich-quick mentality ruin crypto or was it always just overhyped?

You bough digital tokens that nobody actually uses for anything because you heard they will make you rich.

You believed this because someone advertised their previous gains, how they gained 1000% since they bought in 2012. Now you're hoping to get the same type of returns by advertising your purchased tokens to other people, claiming the same type of bubble action as being imminent. This is textbook Greater Fool Theory.

This can work as long as the scheme isn't widely known. Once the scheme becomes common knowledge, nobody wants to participate anymore in another self-perpetuating ponzi where the early adopters sell at premium to new incomers.

Crypto is mainstream knowledge now. Your average person has heard of it, and the hype has long gone as people saw the December investors get absolutely rekt.

This was the final bubble. There will be no institutions investing in your shitty digital tokens, institutions aren't idiots.

If you're still seeking a greater fool for the scheme, you're the fool.