/biz/ - Business & Finance

>>13642150
I can show you parts of it.
For example:
Bitcoin.
Where did you get the money from it?
Answer it was given by other people who did buy it in hopes of making more money.
And this did go on until the bubble collapsed.
why did it collapse?
Because there where no (simplifying)people willing to buy it at this price.

It was simply a game of hot potato. Was it not?
The game of musical chairs. The music stopped and a lot of people did not have chairs.
Only its a little more complicated since you can chose not to get the potato or sit on your chair before the music officially stops.

Its a simple thing to understand once you know how it works.
The money you made on bitcoin was the loss of the future dudes who did buy basically a worthless asset.

It was a simple tulip mania. For thous who know this and still engage in it its basically gambling.

Want to talk about it?