Bitcoin is taking a dump with all the other shtcoins

Do they have any explanations as to what this stuff is possibly good for?

https://www.bloomberg.com/news/articles/2022-09-25/1-btc-1-btc-crypto-looks-for-new-narrative-as-plunge-goes-on

Note to mods: I really want to know what this stuff is good for because even one of the Brojos said he owns some

I see there are machines for it at the gas stations next to the lotto tickets, crappy grocery stores, convenience stores near undergraduate colleges, and the guys online with the laser eyes tend to be ages 18-40 libertarian poor males sporting goatees and talking on and on about Jerome Powell’s money printer 🖨️ but they have never taken economics coursework before

I'm not against bitcoin, I'm just against people who take advantage of the naivety of others about it and then trick you into getting scammed. Anybody telling you they’ll double your bitcoin or help you make unbelievable profit is most definitely a scam. There has been so many stories of that. I fell victim but recovered my investments with assistance of the vaultech team, spoke to them through vaultechservices at protonmail . com and they found a way to get back my lost bitcoin. I'll advice everyone to be careful out there, if it's too good to be true then that's the red flag you need to wake up.

If the stuff doesn’t do anything useful other than to be traded to others like hot potato, how is it not a scam?

I think this is the beginning of a new downward trend

I'm 33 and cashed out for over 3.5 million after taxes. I'm now retired and traveling abroad. "Haha it's great" YOUR DAMN RIGHT IT IS!

Very few made money off crypto except a few traders at the top. The majority lost. That’s what has to happen as the inevitable outcome when no true economic value is created and the thing is just a gambling platform of scumbags taking advantage of other scumbags

I don’t really need to “know dick“ about crypto except to have avoided the space entirely and warning others to do the same. Tried to. Unfortunately I got into arguments with those who wanted 100%+ returns and compared their DeFi platform yield and coins go up to my returns in real estate and the S&P. Even some business colleges fell for the scam. But it is a business after all - a business of transferring sh*t from one person to another is still a business.

I was right

Like you managed to get out when great majority lost in lottery ticket scam when it went bust. underlying value is zero, actually negative because of cost to energy and environment and cost to mental health of the retail suckers