/biz/ - Business & Finance

[Anonymous No.56553522]

Is there anyone with a reasonable net worth (let's say around $300,000) that still gambles their money on retarded shitcoins?

How can anyone with a functional brain put money on shit that 99% ends like this?

Whenever I see people talking about shitcoins, they have small savings they hope to 10x+ on some random ticker, its truly sad

Best case scenario BTC reaches near ATH and dumps again at this rate. If it breaks to the upside, perhaps 100k with the ETF+ Halving hype.

However zoomers don't realize ETFs can be used as tools to trade against the price too. And some day the halving will fail to push the price to ATH.

And you are always putting your money on some asset all governments hate, except shitholes like El Salvador, thus giving the US, Russia, China and anyone with sovereign power to make it fail since they don't want it to be a viable asset to bet against their fiat currencies. Not to mention the war on "BTC is tooo fucking toxic for the environment" etc will star. There's no incentive beyond collecting taxes. If BTC becomes a challenge for the fiat empires they will turn it back into darknet prices by banning all liquidity aka exchanges. It may go high on the black markets but so fucking what if you cannot spend it for anything worth it. Inb4 go to some retarded banana republic exotic shithole to get robbed.

This is honestly fucking retarded. The time to make the real money is gone. Anyone still on this shit has to be going all in with 6 figures to retire on the next bull cycle.

[Anonymous No.56553579]

>top down worldview
Sad. You had 15 years.