When will all crypto collapse?
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I will short it with BITI though.
i respect your opinion but few things have gone up in value like btc and are used in everyday commerce. it has been accepted compare it to the buying power of the dollar and you think btc is a scam lol. paper money is the biggest scam ever yet .....
Internet has real utility. Crypto does not. We have seen that it's a horrible store of value, not an inflation hedge, and no one is using it as a means of exchange. At best it acted as a 24/7 leveraged Nasdaq for a while.
I see it as the most recent example of the tulip bubble. Gamblers bought it because they thought it would go up. I don't think the average bitcoin buyer, at least when it was at its highs was thinking about valuation. They simply saw it go up a lot, heard stories of people getting rich off it, and wanted to join in. Same as what happened during the .com and tulip bubbles.
i think the only people who continually bash btc and post these threads are the people that are kicking themselves they didn't get in it and so they come here to kick rocks at those who did.
btc represents something slaves to the current system can't see cause they are bent over busting rocks for the man.
btc represents something slaves to the current system can't see cause they are bent over busting rocks for the man.
Like Munger and Buffet are busting rocks for the man.
they are part of the "THE MAN" who you bust rocks for lol yet you idol them?
Crypto/blockchain and internet are not comparable. Rotten apples and fresh oranges.
It's religious statements like this that make me see the Crypto phenomenon as a cult. You are a slave to the current system proportionate to the amount of free time you have and to how much you love (and freely choose the when and how of) your work.