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/biz/ - Business & Finance

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11729850 No.11729850 [Reply] [Original]

WHERE WERE YOU WHEN YOU REALIZED CRYPTO IS LITERALLY, UNIRONICALLY A PONZI?

>BTC HIT $19k ONCE AND NEVER WILL DO THAT AGAIN
>BARELY HOLDING ABOVE $6k LIKE A DYING COW WITH SHAKING LEGS
>DELUDED INTERNET NEETS BOUGHT INTERNET MEME COINS THINKING JEWS WITH ACTUAL WEALTH ARE GOING TO PUMP THEIR COIN WITH TRILLIONS OF DOLLARS
>"MUH MINERS" THINKS PEOPLE MINING MEANS THE PRICE WILL STAY STABLE OR GO UP. DUMB IDIOT, MINERS ARE SELLERS AND THERE HAS TO BE BUYERS FOR MINERS TO KEEP PRICE UP.
>"BLOCKCHAIN" AND ALL RELATED TERMS ARE TECH BUZZWORDS SUPPORTED BY TECH BUZZWORDS SUPPORTED BY TECH BUZZWORDS---THEY ARE A TOWER OF CARDS, COMPLETELY FAKE TECHNOLOGY THAT DOES NOT AND NEVER DID EXIST

In b4 "just HODL!!! This is like when it was $10, $100, or $1000!"

No. No its not. Everything has a limit, BTC can't just keep going up forever. It can only go up based on how much wealth there is in the entire world, and how many people are interested in bitcoin. We have reached the peak of both of those, before a huge, landslide of a crash.

>> No.11729890

I agree

It was always stupid to think they would let a bunch of neets take the financial system out from under them.

Some large tech firm will sell blockchain technology to all the major financial institutions and pull the rug out from under anyone speculatively holding current crpytos.

When I look around the only coin with true value is probably XMR because it will be used to make illicit transactions secretly and will be a staple of the grey market economy.

>> No.11729902

If you're this shortsighted, then you don't deserve the gains BTC will give you.

>> No.11729925

>>11729902
All the gains were when BTC was $1 and nobody knew what it was. Now its been brought to the attention of major financial and technology institutions and they are working hard to deploy something in the next few years that will far out-compete your shitcoins.

>> No.11730204

>>11729890
>Some large tech firm will sell blockchain technology to all the major financial institutions and pull the rug out from under anyone speculatively holding current crpytos.


THIS. Even if blockchain turns out to be legit, it doesn't need BTC's price to go up for it to be successful.