Absolutely. Much better off. Sometimes knowledge is detremental to bottom line.ironically though, if you believed blindly you would have probably been better off
Bitcoin is a "ponzi by proxy"
- Thread starter orbit23
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A fraud like a ponzi and a bubble are two different things. Who is recruiting you to invest in btc promising you amazing returns? Zippo. Social security is closer to a ponzi
Mmm, no...A Ponzi is where people are duped, but have a choice nonetheless. SS is downright theft as it is cumpulsory for everyone. Ponzis are downright respectable when compared to SSI/SDI.
A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.A fraud like a ponzi and a bubble are two different things. Who is recruiting you to invest in btc promising you amazing returns? Zippo. Social security is closer to a ponzi
A financial bubble is a situation where the prices of an asset or an asset class rise rapidly and excessively above their intrinsic or fundamental value. This is usually driven by speculative demand and irrational behavior.
Bitcoin is more of a bubble than a fraud.
As to who's recruiting me to invest, well aside from the ET bitcoiners, there's dozens of Youtubers and soon to be major players like Vanguard and Blackrock.
Anything the Government gives you is a ponzi, and if they run out of money they print more.
FWIW it think BTC is a bubble and will end badly for the HODLers. I'm long BITO until the trend changes.
If I was trying to say that, I would have said it. The absolute statement here would be your use of the phrase "Nobody." That is what is called an absolute. A word like "practically" is a qualifier, as in specifically not absolute.
The real-world evidence of publicly disclosed, large scale crimes like ransomware attacks indicates otherwise.
There seems to be a smattering of other crypto, but Bitcoin is that vast majority of published incidents.
Try it yourself, look up 10 ransomware (or similar) incidents at random and see what they demanded to be paid in.
I do not understand why crypto bulls lack the basic ability to put themselves in someone else's shoes.
Imagine you're a kidnapping gang. You have 6 guys in the country you're operating in, plus one guy in a non-extradition country. The hardest part of your criminal enterprise is getting paid.
Bitcoin solves this easily. Victim sends Bitcoin to an address. Accomplice converts the bitcoin to currency.
The concern of the gang is not "OMG there's a record of some address in Krasnovia receiving bitcoin! They know that account was created 2 weeks ago and only has performed 2 transations!". The concern is, "Can they identify us and arrest us?" The gang doesn't want the latest esoteric new fad that only 15 people use. The want something fast, liquid and with volume, in the kind of crappy country that doesn't extradite.
A Bitcoin ATM is perfect for this.
I don't doubt that XMR is involved in shady deals too. (Hagen kidnapping/murder for example)
But, if you don't have volume, you can't hide.
Really, they're both a freaking menace to normal people.
At least with a bag of cash, you can send Ed Tom Bell or Anton Chigurh after it.
Eventually, expect some laws to be passed. For example, it would be trivially easy for the US to pass a law requiring all crypto transactions by US persons to only be with addresses on a whitelist, and here's the web site where you go to register for the white list. If the supreme court balks at it, then can just tack on a tax and then the court is trapped by their stupid Obamacare decision.
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Fuck, I hope you do not stay long!
You are the worst trader I know of, in the whole ET
Bitcoin went up over 160% and you managed to lose every single time you went long, at least 4 times!!!
You are the biggest loser, deaddog, no offense, the sooner you're out of btc, the better for all of us HODLERS
"US Dollar is backed by nothing".credit to @nono2357 Twitter handle
The most difficult picture to understand for people who hate bitcoin
The nothing:
This is a meaningless statement. Specially because Bitcoin gold exists (although I think it is just in name only)and before that e-gold existed.(true digital gold)
This is you
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As a matter of reference, Madoff's scam lasted at least 17 years.
https://www.investopedia.com/terms/...e" Madoff was,least 17 years, possibly longer.