/biz/ - Business & Finance

You guys all realize crypto is a giant ponzi scheme?

You can make great gains on paper out of the Ponzi, but good luck getting your money out into fiat.

I love how as coins crash in price all exchanges simultaneously experience "technical difficulties"

Who are you gonna go to about it? No one. There's zero regulatory bodies. And now this tether bullshit? No one even has the fiat to back the USDT they give out.

This is like banks in 1909. If more than 10% of all exchange participants go to sell their coins and demand fiat, it all comes down.

It doesn't matter anyways, you goons will never sell out to real dollars anyway, just watch the "increases" of your magic internet coins

90% of gains are dumb money losing out to pump and dump whale groups

Yes there's no such thing as insider trading for crypto, hence why countless telegram, discord, slack, etc. Groups used to manipulate the markets and shill the coins, to sell to you suckers

Its all the biggest bullshit smoke and mirrors of all time! I love it, I can't wait to see the fuckery ensue when the SEC tracks all blockchain transactions and exposes crypto for what it fundamentally is:

Black market transactions of human traffickers, drugs, and illigal porn, and nothing more than speculative assets

Every shit coin bought is only bought for the sole purpose of being sold to someone else at a higher price

Keep drinking the punch boys, it only goes up