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/biz/ - Business & Finance

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13086297 No.13086297 [Reply] [Original]

how to respond when it's clearly speculation at this point and there's that meme that only 5 big internet companies made it out of the dotcom bubble?

>> No.13086337

they are probably smart

>> No.13086401

>>13086297
>there's that meme that only 5 big internet companies made it out of the dotcom bubble?
Seriously, who the fuck thought that an online bookstore in the age of piracy would be the top online retailer?
And who woulda guessed that the AOL the #1 onboarder of new users would get annihilated by some funky little 2 man band called google?
>normie says 99% of crypto is a ponzi
I think 99% of crypto investors treat it like a ponzi. They don't respect the technology or markets. Which is why it still may be overvalued, even with a 90% drop.

>> No.13086504

>>13086297
>normie says 99% of crypto is a ponzi
Looking at the charts for these past two years. Could you say, in all honesty, that he's wrong? It may be the only subject normies may be right about for once.

>> No.13086512

>>13086401
The CIA

>> No.13086531

99% of coins are worthless shitcoins like link though.

>> No.13086535

>>13086401
>They don't respect the technology or markets.

Respect doesn't mean buying your bags.

>> No.13086547

>>13086401
>an actual good, non-retarded post on biz
Weird

>> No.13086551

>>13086547
It was a very, very subtle [redacted] shill post.

>> No.13086578

>>13086297
>normie says 99% of crypto is a ponzi
>how to respond
You can make money on a ponzi

>> No.13086675

The new ponzi terms are much better than the current ponzi.

>> No.13086680

>>13086297
{redcated}

>> No.13086708

>>13086504
If you look at the past two years, maybe, but if you look at the past 10 years, it's a completely different story. The only way it will be confirmed a ponzi is if btc and ALL of crypto go to 0 (not 1000, not 100, 0) and STAY at 0.

>> No.13086758

>>13086547
/biz/ gets better during crypto winter once all the pajeets give up. Now we just need to kill this chainlink meme

>> No.13086831

>>13086708

interesting spin

>> No.13086836

>>13086297
he is right you know

>> No.13086859
File: 495 KB, 173x129, 1346208743056.gif [View same] [iqdb] [saucenao] [google]
13086859

>>13086297
99% of normies will stay poor

>> No.13086865

>>13086512
This.

>> No.13087319

>>13086578
>>13086675

is it really a ponzi if it is decentralized? I know what a ponzi scheme is, but doesn't that imply their is one party who is orchestrating? Of course cryptos are manipulated, but if crypto is a ponzi then stocks are a ponzi.

>> No.13087328

>>13087319
It's literally not a ponzi and the people who call it one either lack the vocabulary to express themselves properly or they're just lazy shitheads. Sad.

>> No.13087367

>>13087319
>>13087328
"Ponzi" is just shorthand for scam around here. I would say the majority of crypto doesn't even reach the dignity of what a ponzi would be. The typical cryptocurrency ICO pre-mine is simply a literal scam that people willfully fall for because they believe they flip the tokens they get to somebody dumber than they are down the road. So, okay, from that perspective it is kind of a ponzi scheme, though more like the hot potato game. Of course they are many coins like Confido, Prodium, etc. that didn't even have the decency to let the scam go on for a while, they just straight up exit scammed as soon as they got the money. That's not a Ponzi. I mean, at least Bernie Madoff let his early suckers get away with some loot.
Don't get me wrong, I like crypto and I like the money I've made but I don't delude myself. Most of this shit is a scam and most of the tokens are just an unnecessary cash grab. Many of the projects have no need of a token at all, it's just a way to get money for literally nothing. I just hope I get mine before the ship sails.

>> No.13087413

>>13087319
Centralization isn't a requirement for Ponzi schemes. In fact, it makes the Ponzi scheme much more effective.

Here's SEC's criteria for a Ponzi scheme:

>High investment returns with little or no risk.
Shillers claim buying BTC and holding it long term will guarantee a high return in the future, allowing you to buy luxury goods like lambos and become the new elite class.

>Overly consistent returns.
Shillers claim BTC's growth will positive and exponential because of limited supply.

>Unregistered investments.
There aren't that many regulations regarding crypto. Given Bitcoin's borderless and anonymous nature, it's easy for whales to manipulate the crypto market with impunity.

>Unlicensed sellers.
Trading in the darknet

>Secretive or complex strategies.
Bitcoin's roadmap is non-existent.

>Issues with paperwork.
Exchanges don't provide the paperwork for tax purposes.

>Difficulty receiving payments.
This happens during periods of high market activity, especially when you want to cash out. Either the network slows to a crawl or the exchange shuts down for "maintenance".

>> No.13087488

>>13086297

Good, time to buy

>> No.13087559

>>13086535
That's what I'm talking about. If this market were respected, we wouldn't have a bunch of greedy bagholders investing themselves into financial ruin on every PnD.
I can't complain because they made me a fucking shitload of money. But the reputation damage might be permanent.

>> No.13087575

>>13086297
Normies also told me to not buy btc in late 2010 and my family literally not allowed to use their bank account to buy a shit ton of btc in 2012 with my own money.

Normies also vote for their own destruction , stop basing your decisions on normies.

The moment that autists on 4chins realize that A their paranoia is a problem and B that even if A is true they are almost 95% right about the problems.
If they start acting on their on knowledge and not waiting for pushes from normieland this place would become the origin of a new elite.

>> No.13087579
File: 16 KB, 400x400, keked.jpg [View same] [iqdb] [saucenao] [google]
13087579

>>13087488
Kek´d

>> No.13087589

>>13087413
so you letting a jews dictate what is a Ponzi?

>> No.13087611

>>13087413
this
Go outside and get a job, people. Show is over

>> No.13087851

>>13086297
why do you care what normies think? there is a reason they are poor

>> No.13087874

>>13086297
say that no 99.9% of them a scams
this gains you his trust so that you can favella him

>> No.13087959

>>13086297

Opening up this March

https://youtu.be/OIamCXZ6CZI
https://bitcointalk.org/index.php?topic=2827989.680