Trading nothing from nothing leaves only profiting from the exchange fees, and a few lucky gamblers at the top of the pyramid. S&P just lost my confidence.
Easy those rich folks who own them a few years ago Elon sold a bunch of his bitcoin and the price dropped like a lead balloon he made his money screwed everyone else. A pyramid scheme because only those at the top make money everyone else doesn’t!
Bankers “Our 15 year long smear campaign worked amazingly well, we have all the time in the world to position ourselves in the new system. It’s adorable, they’re SO sure it’s a scam hahaha” (Fidelity and Schwab just announced spot Bitcoin for their customers)
I just remembered the hearings held in Congress as these people who deal in crypto and bitcoin squirm in their seats as they were asked to explain these things and how arbitrary they seem never could.
Maybe but as soon as one of these billionaires sell a large part or all of it the whole thing will collapse or at least lose the majority of its value.
It’s now a 2.1 trillion mcap, gonna be a big big whale. These draw downs recover faster each time. But sure… The volatility scares you, fair enough. Please don’t ever buy Bitcoin.
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