So, like, is it all pump and dump?

[Anonymous No.28817928]

I'm failing to understand why anyone would invest in cryptocurrency if not for the chance to cash out at the top of a pump and dump scheme. Why are there hundreds of different cryptocurrencies? How is it that one made for, say, buying agricultural goods is any better at buying agricultural goods than just regular old Bitcoin, or Dogecoin, or Potcoin?

Second question: isn't there an upper cap to how many Bitcoins can exist? Does that mean just buying and hodling would pretty much de facto be a great tactic because at some point we'll reach a weird equilibrium of demand caused by the coin being well known as a currency but now getting rarer and rarer?

[Anonymous No.28818018]

bruh

[Anonymous No.28818074]

ALL markets are pumps and dumps. don't overthink it bro.

[Anonymous No.28818385]

>>28818018
Man I'm kind of retarded can you explain why you just said "bruh" to me? I am so fucking confused about magic internet coins I'm basically a feral animal man plz help

[Anonymous No.28818438]

>>28818074
The entire world is a pump and dump.

[Anonymous No.28818591]

For your first question look up the term “trustless” for your second question, bruh

[Anonymous No.28818682]

>>28818385
bruh

[Anonymous No.28818731]

>>28818591
thanks for your help but please explain your bruhs, I'm a good man I help the homeless sometimes I just need help this one time understanding these advanced memetic coin technologies :(

[Anonymous No.28818812]

>>28818438
Our only real goal in life is procreation
pump and dump

[Anonymous No.28818921]

>>28818682

[Anonymous No.28819003]

think of Bitcoin like digital gold, but more scarce

[Anonymous No.28819083]

>>28818731
Research the coins and their projects
Some are pump and dumps with no value
Some glue the whole shit together
Some relay information in and out
Some have a function (blockchain computing or storage etc)
And then all of them have like 100 alternatives

Second question, yes, that's the whole point
bruh

[Anonymous No.28819990]

>>28819083
thank you for your help but why are they laughing at me and why does it turn me on

[Anonymous No.28820099]

>>28818812
This shit just got deep

[Anonymous No.28820367]

>>28817928
Well, it IS also an investment in the project, intentional or not, as the team behind the tech can monetize their own tokens/coins and fuel their research with these funds. So it actually helps advance the tech, plus you get the chance of making some profit yourself. Those who lose out can consider their loss a donation to the greater cause of blockchain technology.