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/biz/ - Business & Finance

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20307042 No.20307042 [Reply] [Original]

I’m not dumb (110 IQ) and after reading about it it’s obvious to me cryptocurrency is just a fucking Ponzi scam. Bitcoin, ethereum, dogcoin its all crap. It is a bunch of degenerate gamblers mixed in with some criminals moving fake money around hoping for suckers to pour in and give them more dollars at the top. That’s literally all it is. Holy fuck this is a Ponzi scam. It does not produce any value in real life. It does not give dividends. And no one is buying their groceries with it. It is a fad and a scam and will eventually crash to 0.

>> No.20307062

Seek vitamin D and regular exercise

>> No.20307102

>>20307042
All financial instruments are ultimately ponzi schemes. Crypto is just really blunt about it.

>> No.20307148

>i'm not dumb
>110 IQ
Sure about that?

>> No.20307273

>>20307062
Seek a way to make relevant posts on a topic

>>20307102
That is hullshit. Dividend producing stocks are absolutely not Ponzi scams and give ownership into a real business that produces real goods of value.

>>20307148
Look up the stats dumbass

>> No.20307708

>>20307042
cool story

>> No.20307757

>>20307042
Ok. What if you're right? Is that going to make my massive gains magically disappear?
Just play the game or GTFO

>> No.20307770

>>20307042
Pleas explain to me how this post is anything other than cope

>> No.20307785

>>20307273
So you think stocks are just destined to keep going up forever? That sounds scammy in itself.

>> No.20307814
File: 90 KB, 800x600, LINKIQ.png [View same] [iqdb] [saucenao] [google]
20307814

>>20307042

You are the epitome of this meme. Also 110 may as well be average. You are literally only looking at their current use cases, and your IQ is too low to basically look into the future. Sure most crypto are still in a stealth/speculation phase or just starting to provide valuable data services.

NGMI

>> No.20307855

>>20307273
most of those "real businesses" only exist in their current form because of access to artificially cheap debt, a direct result of our monetary system, which is a ponzi scheme
it's all a ponzi scheme or an extension of one

>> No.20307890

>>20307042
you havent had the need to transfer big amounts overseas, dont worry anon you're too stupid to realize some things, leave the profit for the big boys

>> No.20307902
File: 30 KB, 483x487, 28868D0C-5D55-45F0-85AA-3230BEC6AFB1.png [View same] [iqdb] [saucenao] [google]
20307902

>>20307855
Their also being propped up by the big 5, it’s all a fugazzi

>> No.20307906

part of the redpill is accepting that everything is a ponzi scheme

>> No.20308882

>>20307042
You’re not wrong but this also applies to the entire normie stock market

>> No.20308942

>>20307042
Yes. I refuse to buy boomer stock bags and start from the ground floor here.

>> No.20308967
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20308967

>>20307042
>I’m not dumb
YES YOU ARE NIGGA NUMBER GO UP

>> No.20308989

>>20307042
>I’m not dumb (110 IQ)
this makes me think you're a troll. but after what you've written I can't be sure

>> No.20309054

>>20307042
You are dumb. If you think Bitcoin is a ponzi scheme, you must think any investments stocks, bonds, RE, PM’s etc must be ponzi schemes as well.

>>20307814
This summarizes it well. You are too stupid or you have not put in the time to envision how this technology can massively change the world.

>> No.20309082

>>20307042
yes it is, but so is everything else is well.