/biz/ - Business & Finance

>https://www.cnbc.com/2019/03/22/majority-of-bitcoin-trading-is-a-hoax-new-study-finds.html
>An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges
>https://www.youtube.com/watch?v=U1UtRnGn5hc

>>14005068
almost as bad as pic related

i miss this lil nigga like you wouldn't believe

I'm not a racist, but when it comes to money, any investment that attracts people like pic-related is probably not one you should be buying into.
By 2018, the crypto scene was overrun with low IQ black and brown people, many of which shilled obvious scams like BitConnect, Ripple, and Cardano.
And look at this board now. It's nearly as obsessed with white women with giant "brappers" as it is with crypto. What kind of men are into that? Black men, of course.
The crypto scene is a ghetto now.

For crypto to moon, money needs to come in, and a lot of it.
Where is that money going to come from?
After high profile exit scams (QuadrigaCX) and ponzi schemes (BitConnect), normies now view crypto at best as a fad, like Beanie Babies, and at worst as a giant con.
Blockchain adoption just means companies building their own custom blockchain products to suit their needs, not adopting some Eastern European, Chinese, or Indian alt-coin.
And let's be honest, these alt-coins only exist because their creators were too late to the Bitcoin party to get rich as an early adopter.
So they invent their own memecoin that corrects some real or imagined problem with Bitcoin
>proof of stake, not proof of work!
>smart contracts!
and hope that they can get rich as an early adopter off of the greater fools that follow.
Face it, crypto's over.