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It’s just a global centralized digital currency beta. Of course it’s a scam.
Doesn’t mean people aren’t going to get rich off it.

Its literally Heremtic Magick Money.

Because crypto bros are retards and keep paying into the ponzi

If crypto is a scam it is about as big a scam as the current American dollar.

Crypto is good for one real reason. You can use it in any nation with out bullshit fees etc.. Venezuelans firgured it out real fast.

Crypto tied to the value of gold or silver is the way to go

It's a pyramid, and it relies on the internet and electricity.

Crypto isn't a scam if done correctly, but bitcoin is shit.

Bitcoin isn't a scam.
It's an open source protocol that can be individually vetted by anyone.
You can look under the hood and see everything plain as day.

There will always be scams popping around something that is valuable.

Don't be the retard who can't tell the difference between the value and the scam.
Those are the people the scammers are trying to take advantage of.

All Currencies are ponzi schemes, have you noticed yet?

As long as people are prepared to believe in it and make use of it then it will have value. It's a scam only in the sense that anyone who was able to buy in for cheap -- generally the early adopters -- is making out like a bandit as long as the value increases. Not only is it in their best interest to heavily promote their bitcoin but their risk/exposure is less than for later adopters who bought when the price was higher.

So no, it's not actually a ponzi scheme. In fact my take on bitcoins is that it's about the purest form of investing there is. The 'product' literally has no value except for what the market determines. With stocks at least there's a company that's providing a good or service that has value outside of what the market dictates. But bitcoins are nothing but entries in a table.

Running a company successfully is hard work and there are many factors outside of your control that can affect the share price.

But bitcoins are the company. The only thing you need to do to 'run the company' is make other suckers believe in it so that they buy your bitcoin and help drive the price up. The end.

Hint, it’s all a scam. US dollars are a scam, you’ve lost half your purchasing power in about 10 years. Bitcoin has increased purchasing power by 10000x or more in 10 years.

The next 10 years, betcha close to the same for both.

Silver? Scam and a ponzi built on paper trades. Don’t believe me? Look up the Hunt brothers, they got rekt when they popped the ponzi.

Gold? Same thing. If it weren’t for paper gold that particular ponzi would be worth $50k an ounce.

Literally all finance is a form of ponzi. Houses? Ponzi. Dollars? Ponzi. Bitcoin? Ponzi.

Now so what? You’ve got to choose a ponzi to go with. Might as well go with bitcoin if you think the US dollar ponzi will pop before it does.Or gold, or silver, or beanie babies.

Literally everything sold is only worth as much as the person you’re selling it to will pay for it.

Right now lots of people are willing to pay ~$45k for the bitcoin ponzi. Will they be willing to pay more in the future? Probably. How about dollars? Fewer people want to buy US dollars these days so the purchasing power has decreased.

You are buying dollars when you sell something, you’re buying them with whatever you’re selling to get them.

Go to a bank and turn a $100 bill into 100 $1 bills. You say to the teller, “I would like to buy 100 $1 bills and want to sell my $100 bill.”

So ya, it’s a ponzi. So is life. Will it pop before or after a certain date is the question you should be asking. And invest accordingly.

Because it’s a scam.

because people are retarded

The church is a scam too and it’s been around for millennia.

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