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Crypto...how is this not a elaborate Ponzi/pyramid scheme?
Posted on 5/24/25 at 12:00 pm
Posted on 5/24/25 at 12:00 pm
I know it’s supposed to be the future., we got little ourselves.,, I’ve read a couple articles and watched numerous YouTube videos.. so naturally I feel I’m a expert now(sarcasm),,, can someone smarter and more entrenched than me explain how this is not a elaborate Ponzi/pyramid scheme
This post was edited on 5/24/25 at 12:02 pm
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Posted on 5/24/25 at 12:07 pm to lepdagod
It’s my form of gambling.
Posted on 5/24/25 at 12:10 pm to lepdagod
I have a good bit and I can only surmise the back market propels it at this point
Posted on 5/24/25 at 12:11 pm to lepdagod
It’s no more a pyramid scheme than any other investment except maybe land
Posted on 5/24/25 at 12:12 pm to lepdagod
I was told digital gold
Seems like whales are storing a lot of this extra money getting printed into it
Seems like whales are storing a lot of this extra money getting printed into it
Posted on 5/24/25 at 12:13 pm to DVinBR
I just bought game coin
Posted on 5/24/25 at 12:23 pm to Hateradedrink
quote:
no more a pyramid scheme than other investments... except land
If I have stock in say Dow chemical.
I own a tiny portion of company.
A company with intellectual property.
With assets like production units which generate profit.
Stock in legit companies is nothing like Crypto.
Crypto is based upon nothing.
No physical assets.
Posted on 5/24/25 at 12:35 pm to lepdagod
A vast, overwhelming amount of crypto is a scam.
Bitcoin is not.
If you end up losing your shirt bc you bought a bunch of fartcoin or Shiba then that's on you.
Bitcoin is not.
If you end up losing your shirt bc you bought a bunch of fartcoin or Shiba then that's on you.
This post was edited on 5/24/25 at 12:36 pm
Posted on 5/24/25 at 12:36 pm to lepdagod
Ahhh frick, the local top is in
Posted on 5/24/25 at 12:36 pm to Privateer 2007
quote:
Stock in legit companies is nothing like Crypto. Crypto is based upon nothing. No physical assets.
And bitcoin has increased from $4,000 to $110,000 in 5 years
Good luck in your boomer market
Posted on 5/24/25 at 12:37 pm to Privateer 2007
Now do the US dollar.
Posted on 5/24/25 at 12:41 pm to lepdagod
Anything is only worth what somebody needs is willing to pay for it
Posted on 5/24/25 at 12:52 pm to lepdagod
Your definition of Ponzi scheme and pyramid scheme reeks of boomer old man yells at cloud syndrome
Posted on 5/24/25 at 1:14 pm to WG_Dawg
Investing and trading are different for me. I’m invested in BTC, ETH, and a much smaller extent XRP. But I’ve pulled out and net free for years on all.
I trade XRP SOL HBAR . Looking to open up a long position on HBAR, but don’t want to buy at the top right now.
I trade XRP SOL HBAR . Looking to open up a long position on HBAR, but don’t want to buy at the top right now.
Posted on 5/24/25 at 1:15 pm to lepdagod
quote:
can someone smarter and more entrenched than me explain how this is not a elaborate Ponzi/pyramid scheme
Tell me how stocks aren't the same?
Greater fool.
Posted on 5/24/25 at 1:16 pm to lepdagod
A lot of crypto is worthless. Some isn’t. Buy it or don’t.
Posted on 5/24/25 at 1:19 pm to Privateer 2007
quote:
If I have stock in say Dow chemical.
I own a tiny portion of company.
A tiny ownership that you have zero way of generating revenue from (sans unguaranteed dividends) except what?
That's right: to sell that ownership to the greater fool.
Posted on 5/24/25 at 1:22 pm to Hateradedrink
quote:
It’s no more a pyramid scheme than any other investment except maybe land
They’ll tax you out of your property by illegally taxing unrealized gains under the guise of reassessments.
This post was edited on 5/24/25 at 1:22 pm
Posted on 5/24/25 at 1:24 pm to lepdagod
Crypto seems to go with the stock market, but I agree that its based on merely FOMO
Posted on 5/24/25 at 1:30 pm to lepdagod
The meme coins are legalized ponzi schemes. Every single one of them gets a major rug pull and people gave thousands of their money to them lose it all then act surprised.
The technology around crypto is useful in practical applications. The only reason crypto is even still popular (outside of some insane growth in the popular coins) is because crypto bros do not STFU about it. Marketing 101.
The technology around crypto is useful in practical applications. The only reason crypto is even still popular (outside of some insane growth in the popular coins) is because crypto bros do not STFU about it. Marketing 101.
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