I wonder why you and your bros are not telling us to Have Fun Staying Poor and WGMI anymore…Did something happen to your shtcoin collection 😂😂😂? It wasn’t that long ago people were saying this is the future and adoption is coming and better buy my shtcoins or be left out
I think there will be a lot of lawsuits. When the numbers going up nobody cares. Once that stops and the noobs realize it’s a scam, the lawyers will get a lot of fees. Institutions love the idiots who trade the coins because they can and have been sitting back to collect a lot in transaction fees. And then the IRS gets their piece on any realized gains (but since majority of suckers are going to sell and realize at a loss I guess it doesn’t matter much)
And because crypto”currency” does not do anything and does not have any utility and does not produce anything, the fiat money that goes into the system must be used to pay for coin exchange expenses, advertising, and liquidate positions for whales and insiders and not much else and so the only thing they can keep doing is getting more suckers to put fiat money into the system and use the monopoly play money to convince the suckers that they are making money if they just HODL
These people are Truly delusional with laser eyes & probably will go in economics textbooks as example of Ponzi scheme of epic scale
Crypto does have utility. The fact you can't see that, is just your blindness. If you were to say a lot of crypto is bull, I would however agree with you. It's a bit like in the dot com boom saying websites and the web are useless and have no utility.
With #Bitcoin dropping below key support at $25K and #Ethereum below 1300, the combined market cap of nearly 20K #cryptos has broken below $1 trillion, from a record-high of $3 trillion. That's $2 trillion down, $1 trillion left to go. The last trillion will be the most painful.
The fiat is not there. They pump it up with their own casino chips (ie stablecoin) to manipulate the price. Investing in anything crypto is basically throwing your fiat into a black hole. The unrealized gains in stablecoin fool them into thinking they made a real return. Imbeciles….
The price of bitcoin right now is cheap when you compare it with its value a decade from now. It's price is volatile in the early stages of its adoption. The doubters have and will always exist. But the reality is that bitcoin has exceeded most peoples expectations already amd made a lot of people permanently rich. To the OP, jealousy is a weak emotion.
Taken from The Game, 1980 and Greatest Video Hits 1.Click here to buy the DVD with this video at the Official Queen Store:http://www.queenonlinestore.comSubs...
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