Everyone is putting their money into a digital pot in exchange for blockchain coins in hopes of eventually cashing out days/weeks/months/years later with 100%+ of their initial investment.
You are given no product or anything of use besides the hope that the coin you bought into will double/triple/quadruple in price so you can one day buy a lambo.
Crypto is a high-yield investment program (HYIP) which is type of Ponzi scheme, an investment scam that promises unsustainably high return on investment for those who hodl. Eventually everyone loses because it's not sustainable! Someone who got in early for pennies and wants to cash out his millions can cause a huge crash of the price of the coin and much panic. New money coming in will always be the only thing keeping things afloat.
Do you really think the government isn't going to shut this shit down eventually?
William Rivera
t. doesn't understand crypto
Wyatt Gutierrez
the whole economy is a ponzi scheme.
we are literally ponziing our children and our childrens children due to DEBT SLAVERY
When will hitler come back and shut this shit down eventually?
Zachary Smith
you fucker even don't understand ponzi schemes.
A ponzi scheme is controller. One entity controls, who gets how much, and shifts new peoples money into hands of older investors. While trying to keep the old investors on board.
At some point the ponzi schemer takes ALL of it. And runs. This is bitcoin. You either have it or you dont, you're a faggot. Keep reading...
Carson Martin
The way crypto is run right now is highly illegal.
Logan Wilson
what's even funnier is most of the money injected into coins comes from big pockets where all the dollars printed since 2008 to save the US economy converge to.
Nicholas Martinez
no one "runs" it. that's why.
Hunter Cox
You're right about the motivation for people right now (low in->right now) but the "no value" idea is short sighted. Yes, you don't buy anything substantial, but in contrast to other Ponzi schemes, there is the idea that eventually normies are gonna use it as transaction unit (when the price stabilizes) and if that happens (i.e. when people start using it for something else than trading itself) then it won't collapse (not any more than the dollar might collapse). Of course, that's an IF, and that's the gamble.
Cameron Mitchell
Exchanges are the entity controlling the price & exchange of the coins into fiat and the hands of others. Why do you think coinbase and other exchanges repeatedly shut down to control a price crash? Why do you think there is sometimes as a high as a $100 or more difference in price between different exchanges? Why are they trading at different set prices? The exchanges can easily drop the price of any coin on their market by a dimes & nickels and cash out a small percentage of your coins behind the scenes making them millions over the long run. There is so much manipulation and dishonesty in cryptocurrency.
James Sanders
its called a free market you absolute brainlet
Jaxon Morales
The real question is there are alot of ICO's going on, with no real idea about how those "tokens" or coins are gonna get used to fund their ideas.
Brandon Murphy
It's a free market you authoritarian faggot. Don't like it? Go trade stocks.
Mason Miller
That's not true. Exchanges run it. Without them as middle men you can't do shit with these coins. They can also manipulate the price if they want to or steal small percentages of the coins they're holding behind the scenes (without your knowledge). All the exchanges have different rates on buying/selling a coin.
With fiat, you always know $1 = $1. With crypto $1 can equal a different price for a coin depending on the exchange. It's weird as fuck. There is no regulations. Exchanges can manipulate and lie as they please...
Nicholas Reyes
It's not a free market. It's largely manipulated and centralized.
Easton Campbell
The NYSE and Nasdaq also suspend trading on heavy dips. So I guess the stock market is a scam too.
Crypto IS the worlds last true free market. If you are not man enough for it stay the fuck out and let the men make their way.
Robert Green
>Without them as middle men you can't do shit with these coins You don't need a middle-man to trade BTC.
Josiah Price
Its new give it time ti work out the kinks. You think the world stock markets are not manipulated...fucking kek.
Owen Kelly
With stocks you actually own a percentage of the company. With crypto what do you own or get in return?
Brandon Sanchez
We aren't ponziying our children because it's too long and we don't make enough of them. We are importing third worlders by China max on a daily basis. It's like the slave trade all over again and white people will lose this one too.
David Perry
...
Matthew Sanchez
Its the same concept?
Andrew Johnson
>t. Literal libertarian grand autismo telling me to go to /pol/ Literacy pottery
Jonathan Adams
whats with all of the FUD threads? is this just butthurt stock traders trying to piss everyone off? its unbelievable
