Ponzi schemers, i am afraid to inform you that this might be our final destination. Sell everything till the last coin or risk carving out your eyeballs as the ponzi scheme rolls over into $60k-$50K-$40K-$30K ... IN A BLINK OF AN EYE!!! Collapse of biblical proportions is INEVITABLE at this point. I am praying for everyone who got bull-trapped into this scam. Bitcoin will go down as the greatest scam perpetrated onto the american public.
Hasta la vista, baby! I'll be back once Bitcoin hits $30K to offer emotional support to those whose soul has been corrupted by the greed, clouding your judgement and making you unable to see forest for the trees. Farewell!
orbit23 1,005 Posts 399 Likes Bitcoin by itself is definitelly not a ponzi, as there is no promise of returns. It's just a blockchain. While Bitcoin is not a ponzi, Tether is VERY likely a ponzi and they are likely not backed by a dollar for every Tether. #1 Jan 4, 2024Report Like Reply Share long, albion, EdgeHunter and 1 other person like this. Keep up the good work orbit. Back to Baseball cards for you now and lets hope thats the end of your incoherence.
I only posted the article for its main point. That is, that BTC was intended to replace currency but it does not act like currency. Whether it will or won't remains to be seen. But, thus far, there is no such indication.
Agreed and I guess what I was trying to say is that it has potential as a currency/means of transaction but may need greater adoption in order to stabilise and choose that path. Speculation of course.Its destiny may be as a sort of digital gold,but I personally would be disappointed if it didnt realise its full potential.
Bitcoin is not a ponzi, but just a shitty and outdated technology. People buy because price goes up. And price goes up because Tether is printing fake, unbacked dollars and endlessly pumping up the market.
FYI,Dear Reader,orbit is also waiting for an 80% crash in the greater market. He called it in his usual end of world fashion in May 2021 and the results by my numbers have been a 50% move in the opposite direction. Just in case anyone thought that 'incoherence' was too harsh. Did you say prayers for those investors you misled in 2021 orbit? orbit23 1,006 Posts 399 Likes The last time there were 80% on one side, it was at a fucken bottom i believe around 2350 when i was calling for "all-in long", i don't bother digging the thread up now. NOW 80% THINK WE DON't GO DOWN, RIP!!! Just fkn go all in short at this point, never look back. If u can buy puts, that is literally free money. If u trade margin and use stops, it could still go above the high, sweep you out and then nuke so that's definitelly more risky/takes several attempts. #13 May 23, 2021Report Like Reply Share
This is post 6276. On post 6271 you called it a Ponzi. Safe to say,you have no idea what you are talking about and have no business on this type of forum.
I think even that is optimistic. Perhaps I am biased because I cannot come to terms with the idea of commodity value being created out of thin air. It just doesn't make sense to me. And so, I think the bloom will come off the rose in due course. When? Who knows. But I won't deny that in the meantime it is a vehicle for speculation. Fortunately for me, it is not the only one available to me, and so I can avoid it altogether.
Im able to see your perpective,largely because I still cant get my head around NFT's. One sold the other day for around 50 million and I struggle to understand how people part with that kind of money for the picture of an ape? Especially if I can screen shot said ape and have an identical image on my computer or phone. I sort of get that its a commodity for trade but still struggle. JA will probably unfollow me! haha