It's just a scam. Scam are as old as humanity itself and maybe even beyond that.
A highly technical crypto mumbo jumbo scam with lots of garble noise and weird things surrounding it, but in the basic, just a scam.
Crypto is kind of a scam - like it is one but BTC is a single thing, instantly tradable for money, but "worth" far more than money - that's not something that's going anywhere. If you think about it at all you'll get it.
Consider, how insanely difficult it is normally for me to give you 100k - what do you have worth 100k that can easily be sold? Well, if you have one of these Bitcoin things, you can get 100k cash money in an instant. There are lots of reasons to move money in and out Bitcoin - nobody doing them is going to stop doing them.
I don't see that ever ending tbh
The scam is to hoddl - in theory the holders have made money, buying at way lower than it is now, but they have made nowhere near what the people playing the drops and "fluctuations" have (it's an incredibly manipulated market)
If you have > $100K of stuff that is easily sold legally, it's not hard to turn that into a certified cheque. It doesn't matter if that's mutual funds, cars, bitcoins, etc.
> Here’s the thing. Crypto is scam. Musk is an assclown. The only good thing that may come of this is that more people will read Stranger in a Strange Land. It is a wonderful and moving piece of fiction. I highly recommend it.
He says he was glad he did end up looking into it, but the outcome would have been the same if he'd ignored it all.
Online isn't real life. Online has only the weight you give it.
Market cap is 4.2k USD currently, with a 275k peak in June.
Which is almost meaningless for a meme coin. If I mint 1 trillion meme coins and sell one to my friend for 1$, the market cap is now 1 trillion $.
The world has gone mad.
It's just a scam. Scam are as old as humanity itself and maybe even beyond that. A highly technical crypto mumbo jumbo scam with lots of garble noise and weird things surrounding it, but in the basic, just a scam.
Crypto is kind of a scam - like it is one but BTC is a single thing, instantly tradable for money, but "worth" far more than money - that's not something that's going anywhere. If you think about it at all you'll get it.
Consider, how insanely difficult it is normally for me to give you 100k - what do you have worth 100k that can easily be sold? Well, if you have one of these Bitcoin things, you can get 100k cash money in an instant. There are lots of reasons to move money in and out Bitcoin - nobody doing them is going to stop doing them.
I don't see that ever ending tbh
The scam is to hoddl - in theory the holders have made money, buying at way lower than it is now, but they have made nowhere near what the people playing the drops and "fluctuations" have (it's an incredibly manipulated market)
How is BTC worth more than money?
If you have > $100K of stuff that is easily sold legally, it's not hard to turn that into a certified cheque. It doesn't matter if that's mutual funds, cars, bitcoins, etc.
There's been snake-oil salesmen for a long time now.
This is all just a scam to get me to dump my $grigs, isn’t it. I’m holding. Diamond hands.
Too the moon.
> Here’s the thing. Crypto is scam. Musk is an assclown. The only good thing that may come of this is that more people will read Stranger in a Strange Land. It is a wonderful and moving piece of fiction. I highly recommend it.
Well said. No notes.
Guy seems like a narcissist to me.
I feel like a narcissist would take the exact opposite approach and pump their namesake meme coin.
Based on what?