You've been working doubly hard with the fud, what gives?
Might be trying to avenge my lack of long exposure, who knows
I have nothing against people making money, and i congratulate you on your amazing microstrategy trade.
There is a lot to admire about it. It's hard enough to get it right, but then even much so harder to have the conviction and actually hold through it and sit on your hands.
And i am not against crypto, i used to be pro-crypto when prices were low and against crypto when prices were high.
It is only just recently have i figured out that it could be an (almost) literal ponzi scheme.
Just like you wouldn't recommend someone to invest in a ponzi scheme (in spite of people making money in the ponzi at the moment), the same way i wouldn't advise cryptocurrencies as a long term investment.
Yes you might buy and the price goes up higher, but a ponzi scheme eventually collapses and you lose money.
Bitcoin will continue to work and i think there are many use cases for it's technology, but the valuations are heavily distorted to the upside; assuming tether is an unbacked ponzi scheme. Therefore making bitcoins price a "ponzi by proxy".
Who knows where the top is if they can just print more Tethers and mark up the price. At some point the supply will come in and eventually the house of tethers will collapse.
