RE: Bit coin
May 9, 2021 at 12:52 am
(This post was last modified: May 9, 2021 at 12:56 am by ignoramus.)
Bitcoin is a speculative investment. It's liquid enough in that it can be exchanged for cash fairly quickly. Do not confuse it for money. (any more than eg: trading a share in BHP).
The poster child for bitcoin, Michael Saylor himself says that bitcoin will not be banned by central banks as it is not a competing currency. He sees it as an investment. I see it for what it is.
Tulipmania 2.0. It's not a coin and it's not gold. It's a ponzi. And we all know how all ponzi schemes end. And just like gods, there's been 4,000 cryptos, most have already died.
What Michael hates now is the rise of dogecoin. Created strictly as a parody, it is gaining value. And without fundamental differences between dogecoin and bitcoin, it exposes bitcoin for the ponzi that it is.
The poster child for bitcoin, Michael Saylor himself says that bitcoin will not be banned by central banks as it is not a competing currency. He sees it as an investment. I see it for what it is.
Tulipmania 2.0. It's not a coin and it's not gold. It's a ponzi. And we all know how all ponzi schemes end. And just like gods, there's been 4,000 cryptos, most have already died.
What Michael hates now is the rise of dogecoin. Created strictly as a parody, it is gaining value. And without fundamental differences between dogecoin and bitcoin, it exposes bitcoin for the ponzi that it is.
No God, No fear.
Know God, Know fear.
Know God, Know fear.
