Yes. And zero value was created; it was simply redistributed. Which all the “greater fool” bag holders will discover when the bubble created by new entrants deflates, and then implodes (“gradually, and then suddenly”). There is no underlying value to this asset - it won’t settle to anything but zero.
And those millionaires you are glorifying simply reappropriated the assets of the suckers, but unlike Bernie Madoff and the ilk who dud the same thing, they’ll walk free. Or, more likely, drive away, in a Ferrari. Anyone still dumping money into “crypto”, hoping for the easy riches of the “millionaire” that preceded him, blind to participating in a story identical to every pyramid scheme, is an absolute fool.
Man, I wonder what you’d say about regular stocks then. At some point it’s always just a pyramid scheme. Bitcoin has outperformed stock market gains every year and this dip is only temporary. Quit dooming!
Entire businesses are built ontop of these blockchains.. are you moronic?
All of the metaverses that are coming out.. are built ontop of blockchains..
Soon almost all forms of computer programs, games, banks... almost everything that transmits over the internet.. will be running on blockchain infrastructure
And all of those things bring REAL INTRINSIC value to the parent cryptocurrency of the blockchain they operate on.
There are multi billion dollar start up business changing the world... running completely on Crypto and blockchain.
Wow!
It lost another thousand buck per, uh, token in the 4 minutes since I posted this.
$25,700.
OP is mad he never got in, and lashes out with retarded threads like this.
Same shit, different bear cycle.
So has gambling.
Yes. And zero value was created; it was simply redistributed. Which all the “greater fool” bag holders will discover when the bubble created by new entrants deflates, and then implodes (“gradually, and then suddenly”). There is no underlying value to this asset - it won’t settle to anything but zero.
And those millionaires you are glorifying simply reappropriated the assets of the suckers, but unlike Bernie Madoff and the ilk who dud the same thing, they’ll walk free. Or, more likely, drive away, in a Ferrari. Anyone still dumping money into “crypto”, hoping for the easy riches of the “millionaire” that preceded him, blind to participating in a story identical to every pyramid scheme, is an absolute fool.
Man, I wonder what you’d say about regular stocks then. At some point it’s always just a pyramid scheme. Bitcoin has outperformed stock market gains every year and this dip is only temporary. Quit dooming!
Do you even know what the value of equity is based on? (hint: it can be clearly articulated in one sentence)
Or what happens when asset prices get too far from their underlying value? (hint: it happens every. single. time.)
Neither is a secret. Being ignorant of these, and plowing your hard-earned assets into money-for-nothing schemes… is just insane.
What value does gold have?
You are an absolute lunatic.
Underlying value?
Entire businesses are built ontop of these blockchains.. are you moronic?
All of the metaverses that are coming out.. are built ontop of blockchains..
Soon almost all forms of computer programs, games, banks... almost everything that transmits over the internet.. will be running on blockchain infrastructure
And all of those things bring REAL INTRINSIC value to the parent cryptocurrency of the blockchain they operate on.
There are multi billion dollar start up business changing the world... running completely on Crypto and blockchain.
You are a boomer, and a moron.