Think logically for a second, if cryptos have such high intrinsic value, why would people talking about what it really is be such a risk??
The markets are very susceptible to pump and dump schemes, mostly because new money coming in creates more value to earlier investors. Aka the primary defining trait of a ponzi scheme.
I thikn what they mean is that most silver boght in sold is paper silver, i.e it doesnt actually exist anywhere other than a database somewhere, may not have even been mined atall yet.
the only way to guarantee you actually have silver is to take delivery of the physical silver yourself.
And that would be an accurate assessment in that case.
However, this person also compared silver with tulips (if you're familiar with the reference), so, it is harder to associate that explanation.
Look, I don't have any significant vested interest in cryptos, fine as a currency, too much gamble for speculation, IMO. In spite that some cashed in big already.
Now I'm a shill because I'm not all over cryptos.
Think logically for a second, if cryptos have such high intrinsic value, why would people talking about what it really is be such a risk??
The markets are very susceptible to pump and dump schemes, mostly because new money coming in creates more value to earlier investors. Aka the primary defining trait of a ponzi scheme.
Explain. I would love to see the mental gymnastics that allows you to draw that conclusion.
I thikn what they mean is that most silver boght in sold is paper silver, i.e it doesnt actually exist anywhere other than a database somewhere, may not have even been mined atall yet. the only way to guarantee you actually have silver is to take delivery of the physical silver yourself.
And that would be an accurate assessment in that case.
However, this person also compared silver with tulips (if you're familiar with the reference), so, it is harder to associate that explanation.
Look, I don't have any significant vested interest in cryptos, fine as a currency, too much gamble for speculation, IMO. In spite that some cashed in big already.