Repeat until it eventually flatlines at zero - cryptocurrencies are fundamentally worthless, create no value, and exist as a pyramid-scheme pump-and-dump vehicle for early entrants.
When the supply of new fools is exhausted, shitcoin will go to zero, and be remembered as a store of value on par with tulip bulbs and beanie babies.
And I also know logic and economics agree with me.
This isn’t a mystery, this laughable scam that is “cryptocurrencies.” (Bitcoin is bad enough, but all these other worthless “cryptos”… beyond laughable!) But I do hate to see well-meaning pedes get misled out of ignorance and money-for-nothing greed. It’s not going to end well, folks.
I will say some cryptos have usefulness (on the order of 1/1000 of where they are currently trading at imo), but bitcoin is not one of those with usefulness.
An intermediary currency only has use as such when its value is stable.
And it only has use as a store of value when it is stable.
And it only has stability when it has intrinsic value, or is backstopped by a trustworthy revenue stream. (And is not debased by massive expansion if the supply.)
And if not useful as an intermediary currency or a long-term store of value, a currency has no legitimate usefulness at all.
I totally agree. I mean more that some of the networks/software were designed to actually do something. If Eth for example was trading for $2, and stable, it could be usefull with smart contracts. Bitcoin and many others could never be.
Repeat until it eventually flatlines at zero - cryptocurrencies are fundamentally worthless, create no value, and exist as a pyramid-scheme pump-and-dump vehicle for early entrants.
When the supply of new fools is exhausted, shitcoin will go to zero, and be remembered as a store of value on par with tulip bulbs and beanie babies.
Truth hurts, doesn’t it, fools?
Stay vigilant, Trump agrees with you
Thanks.
I know.
And I also know logic and economics agree with me.
This isn’t a mystery, this laughable scam that is “cryptocurrencies.” (Bitcoin is bad enough, but all these other worthless “cryptos”… beyond laughable!) But I do hate to see well-meaning pedes get misled out of ignorance and money-for-nothing greed. It’s not going to end well, folks.
I will say some cryptos have usefulness (on the order of 1/1000 of where they are currently trading at imo), but bitcoin is not one of those with usefulness.
An intermediary currency only has use as such when its value is stable.
And it only has use as a store of value when it is stable.
And it only has stability when it has intrinsic value, or is backstopped by a trustworthy revenue stream. (And is not debased by massive expansion if the supply.)
And if not useful as an intermediary currency or a long-term store of value, a currency has no legitimate usefulness at all.
I totally agree. I mean more that some of the networks/software were designed to actually do something. If Eth for example was trading for $2, and stable, it could be usefull with smart contracts. Bitcoin and many others could never be.