- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Crypto...how is this not a elaborate Ponzi/pyramid scheme?
Posted on 5/24/25 at 7:25 pm to UltimaParadox
Posted on 5/24/25 at 7:25 pm to UltimaParadox
None of this matters. It could be right, it could be wrong, but it doesn’t matter.
Suffice to say, if you knew about crypto since 2016 and didn’t buy any because of this logic, you missed out.
Suffice to say, if you knew about crypto since 2016 and didn’t buy any because of this logic, you missed out.
0
Posted on 5/24/25 at 7:35 pm to UltimaParadox
quote:Who is they? Bitcoin is agnostic to whoever they are and to whatever schemes they have. It doesn't have to justify itself. It will just keep preying on weaker systems.
I got to think they are running out of idiot schemes to pry what leftover money is left in people willing to gamble in these useless 20 year old technology.
Posted on 5/24/25 at 8:37 pm to lepdagod
quote:To be fair, the modern financial system only exists where the internet is accessible. No internet, no CCs, stocks, money (except the little cash people carry), etc.
The difference off hand is one has a workforce(labor) and military backing it up… the other only exists where internet is accessible
This post was edited on 5/24/25 at 8:50 pm
Posted on 5/25/25 at 12:37 am to AndyJ
quote:
. So my BTC investment has gone way up, and my others minimally (I had purchased a lot of wanchain and quarkchain, and they are worthless).
Doge is up 8775% and BTC is up 1017% in the past 5 yrs.
Posted on 5/25/25 at 6:29 am to Privateer 2007
And so is the dollar bill. It used to be backed by gold. Now it’s backed by nothing. It’s worth no more than the value someone somewhere assigns it.
Who remembers reading about “confederate” dollars? I do. Even had one or two growing up.
Who remembers reading about “confederate” dollars? I do. Even had one or two growing up.
Posted on 5/25/25 at 6:34 am to SuperSaint
BTC is currency. Many businesses accept BTC for payment.
I use BTC to trade stock.
The major downfall of BTC, IMO, is the IRS considers it property so you get taxes when you buy it and taxed on any capital gains.
I use BTC to trade stock.
The major downfall of BTC, IMO, is the IRS considers it property so you get taxes when you buy it and taxed on any capital gains.
This post was edited on 5/25/25 at 6:42 am
Posted on 5/25/25 at 6:39 am to Bunk Moreland
It’s no different from people who invest in commodities, such as precious metals, but don’t have actual possession of that metal, have never seen that metal, and will never even hold that metal.
Posted on 5/25/25 at 7:22 am to forkedintheroad
If you buy say P&G stock, the stock is backed up by actual assets like real estate and facilities not to mention actual product produced like toothpaste and toilet paper. Bitcoin and crypto have no physical tangible assets backing it up.
It really does not act as a long term stable currency, the value fluctuations are too wild.
It really does not act as a long term stable currency, the value fluctuations are too wild.
Posted on 5/25/25 at 7:40 am to KiwiHead
quote:That is actually a big part of the btc value prop. Physical assets cost money to hold and take time to buy and sell. BTC doesn’t. When you compound those costs over several years, a great deal of wealth has evaporated.
Bitcoin and crypto have no physical tangible assets backing it up.
Posted on 5/25/25 at 7:58 am to beaverfever
quote:
Who is they? Bitcoin is agnostic to whoever they are and to whatever schemes they have.
That's hilarious if you don't think the price of Bitcoin is manipulated. Exchanges and stable coins exist to manipulate the price. Market makers like winter mule exist solely to coordinate the price on exchanges.
The majority of Bitcoin is held by a few people and organizations. All the Bitcoin held on exchanges are not held by individuals. The whole thing is controlled by a very few amount of people.
And since the only thing that anyone cares about when it comes to Bitcoin is it's price in relation to USD, the tech matters little except it slow and expensive for users to trade. Exchanges will never want that to change
This post was edited on 5/25/25 at 9:54 am
Posted on 5/25/25 at 8:35 am to beaverfever
Rather nihilistic economic thinking on your part.
Posted on 5/25/25 at 9:52 am to KiwiHead
How so? Because I’m suggesting that people should decrease their exposure to a lot of traditional assets?
Posted on 5/25/25 at 10:00 am to UltimaParadox
quote:So let’s reframe your original post. I’ll have to think on this one.
Exchanges and stable coins exist to manipulate the price. Market makers like winter mule exist solely to coordinate the price on exchanges.
Exchanges, stableoins and market makers are running out of idiot schemes to pry what leftover money is left in people willing to gamble in these useless 20 year old technology.
Posted on 5/25/25 at 10:04 am to UltimaParadox
quote:
The majority of Bitcoin is held by a few people and organizations. All the Bitcoin held on exchanges are not held by individuals. The whole thing is controlled by a very few amount of people.
hmm
Posted on 5/25/25 at 10:07 am to Hateradedrink
I should have caught that. 
Posted on 5/25/25 at 10:17 am to TigerChick2018
And how long does it take to execute a BTC payment? Totally practical.
Posted on 5/25/25 at 10:25 am to forkedintheroad
Tell me how stocks aren't the same?
Greater fool.
_________
So you can't answer the question. We get it. You have invested in something you can't explain. It's ok to admit it.
Greater fool.
_________
So you can't answer the question. We get it. You have invested in something you can't explain. It's ok to admit it.
Posted on 5/25/25 at 10:33 am to TigerChick2018
quote:
9000 businesses that accept BTC payment. You may recognize a few of these names
Did you review the business before posting that… 8995 of those companies most people never heard of
Page 4 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News