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5549051

Is This Why The Status Quo Disdains Bitcoin? - The "Wrong People Are Getting Rich" Anonymous Thu Dec 28 02:00:53 2017 No.5549051 [Reply] [Original]

"The wrong people--rebels, outsiders, nerds and techies-- got on the cryptocurrency boat while their insider/rentier "betters" blew it and are now raging bitterly onshore."

"In other words: why embrace some manias but not all manias? Answer: some manias make the usual insiders filthy rich, others don't. The dot-com mania generated billions of dollars in profits for Wall Street and the rest of the financier-politico leeches (i.e. the rentier class) via IPOs (initial public offerings), insider deals and vast fees generated by trading the mania with other peoples' money."

"The housing bubble generated billions of dollars in profits for Wall Street via the issuance of mortgage-backed securities (MBS), CDOs and other exotic financial instruments based on mortgages and related securities, and realtors (and the rest of the housing industry) banked billions in commissions, fees and other skims."

"Now compare that to the cryptocurrency mania: Wall Street and the rest of the financier-politico leeches (the rentier class) have virtually no insider skims in the cryptocurrencies--is it any wonder they hate bitcoin with a passion that correlates to their inability to rake in billions of low-risk fees from the mania?"

http://charleshughsmith.blogspot.ca/2017/12/is-one-reason-why-status-quo-disdains.html

>>	Anonymous Thu Dec 28 02:02:46 2017 No.5549089 this is just shit

>>	Anonymous Thu Dec 28 02:02:51 2017 No.5549092 You didn't buy BZC yet anon? Kek

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Anonymous Thu Dec 28 02:25:09 2017 No.5549537

>>5549092
please kill yourself i hate you i fucking hate you why are you spamming this its not going to work omg just try something else please you arent clever are you a bot? fuck idek just stop saying bazingacoin i cant take it any more if i buy some will you actually shut up? please no more bazinga coin please please please just stop it you enormous fucking faggot i mean it

>>	Anonymous Thu Dec 28 02:33:51 2017 No.5549731 >>5549051 Don't worry, Ripple is here to give those poor bankers the leg up they need.

>>	Anonymous Thu Dec 28 02:34:56 2017 No.5549762 >>5549537 >letting him know you're mad

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Anonymous Thu Dec 28 02:35:45 2017 No.5549780

>>5549051
No, don't treat crypto like some robin hood bullshit.

When a coin moves up in price, it occurs because a rich person/group of individuals have made it occur, because it would benefit them to do so. They then drop in price because that larger player has then decided sell.

They create the movement that benefits them at that moment. They create self-fulfilling prophecies and pump and dumps. This happens in all markets, not just crypto.

And you shouldn't resent this fact. Join in on the self-fulfillment, the pump - and get out before the dump. Be glad they even bother to participate in the market. It's true that more "outsiders" have gotten in "early" on this phenomenon, but don't resent big money, they're the ones who build the pyramid.

>>	Anonymous Thu Dec 28 02:41:06 2017 No.5549892 File: 88 KB, 374x393, 2017-12-28 17.40.21.jpg [View same] [iqdb] [saucenao] [google] >>5549537

>>	Anonymous Thu Dec 28 02:46:00 2017 No.5549967 >>5549780 http://www.cmegroup.com/apps/cmegroup/widgets/productLibs/esignal-charts.html?code=BTC&monthYear=F8&year=2018&venue=0&title=JAN_2018_Bitcoin_&type=p&exchangeCode=XCME&dataWidget=true&chartMode=dynamic howdy

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Anonymous Thu Dec 28 02:53:19 2017 No.5550107
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>>5549051

This is like the plot of Mr. Robot, where in the beginning he thinks he's taking down The Man(tm) but all along he was just a pawn being used for rich-people games.

Crypto was invented by an alphabet-soup dark government thinktank, and it's controlled by rich whales in China and offshore tax-havens.

All this anarchist rebel crap is media spin to keep the plebs distracted. Enjoy your mass-produced trademarked revolution boys.

>>	Anonymous Thu Dec 28 03:00:35 2017 No.5550245 >>5550107 This is something I have suspected for a while, and is one of my greatest fears.

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Anonymous Thu Dec 28 03:01:37 2017 No.5550265

>>5549780
>When a coin moves up in price, it occurs because a rich person/group of individuals have made it occur
You attribute way too much power to individual wealthy people or institutions. You're actually doing their work by thinking this way.

The truth is the vast majority of BTC moves are attributable to a broad, growing userbase.

>>

Anonymous Thu Dec 28 03:02:47 2017 No.5550288
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>>5550107
>Crypto was invented by an alphabet-soup dark government thinktank, and it's controlled by rich whales in China and offshore tax-havens.
>All this anarchist rebel crap is media spin to keep the plebs distracted. Enjoy your mass-produced trademarked revolution boys.
This is probably the only FUD ive seen on /biz/ that really makes me think

>>	Anonymous Thu Dec 28 03:03:34 2017 No.5550307 >>5550265 NWO damage control in full effect here, continue buying your ZOG coins people!

>>	Anonymous Thu Dec 28 03:48:06 2017 No.5551106 >>5549051 Yeah somewhat. Hard to believe, but a lot of people have an elitist attitude. They think they are the cool people who are "making it" and the outsiders just need to crawl around in filth and then die

>>	Anonymous Thu Dec 28 03:51:35 2017 No.5551157 File: 1009 KB, 500x280, 1504305376952.gif [View same] [iqdb] [saucenao] [google] >>5550107 >got in to bring banking sans fees to the masses >end up a wealthy middle man Forgive me Satoshi...