/biz/ - Business & Finance

>>22744309
yes, sell it all

>>22744309
Everyone was hoping that Bitcoin would fulfill the store of value meme during the Corona March crash.
It didn't, instead it got exposed for the ponzi that it is and all the billionaires just bought gold as per usual.
Big blockers were right but it's too late now, time to sell.

>>22744376
I think so too, crypto has proven it's a ponzi and if it crashes again it's OVER.

The people running binance and chainlink will come out of this as billionaires though.

>>22744376
sorry but your shiny metal died when the internet came out. have fun living in the 1700s though.

>>22744309
I wish crypto was different in these times, but looks like big players are the same in every market

At its loosest definition, most things in the financial system are Ponzis. Wealth generation using people’s pooled wealth is extremely ponziish by nature.

Can everyone cash out their stocks for a guaranteed value? No of course not because after a certain amount the value will panic and dump, leaving most of the shareholders short.

The difference is that actual Ponzi schemes don’t try to convert fist into something less tangible - they just straight up tell you that you have 2 million dollars after investing one.

The whole financial system is one big pile of bullshit, that somehow works because it’s what everyone places value into.

Btc is scam