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50391990 No.50391990 [Reply] [Original]

Crypto is just a giant ponzi.

I was looking at my portfolio: BTC, ETH, LINK, ROSE, GRT, DOT, BNB, XMR, SUSHI, AVAX, ALGO, and ICP, and I thought "what really separates all these shitcoins?"

Nothing. Nothing is the answer. We're all just hoping for a greater fool down the line.

>> No.50392003

Yes.

>> No.50392016

>>50391990
He's selling?
Pump the market

>> No.50392031

>>50391990
so like everything else that has value

>> No.50392033

>>50391990
None of them work without fresh money buying in. So its just like the normal stock market and fiat (((economy)))

>> No.50392378

>>50391990
You're in Monero for a moon? Then sell nigga we don't need you.

>> No.50392459

i just realized you're going to stay poor

>> No.50392661

>>50391990
XMR is the only one that separates itself from the rest

>> No.50392686

>>50392661
yep but only for the cocaine
normal people have no use for crypto, at all

>> No.50392704

>>50392033
That's just wrong moron

>> No.50392865

>>50391990
They're speculative assets you fucking nigger. Same as tech stocks. I'll explain below in a bit...

Unless you own significant enough of a stock to make influence onto a company, you can't claim owning a stock has value over other assets on a personal level because you don't really own a part of the corp. You simply don't. You don't matter at all other than being a retail bagholder of said stock. For a layman you buy dividends stocks because they actually provide a strict value. YOU the little man gets proportional income through the company paying out profits. Neat. The big player buys stock to have an actual say in matters.

However if one were to buy (now pay attention) twitter stock, for example, before it found a way to become profitable then it's purely speculative. Twitter had no value, NONE, it was a total failure other than being propped up by speculative buying. Does that mean twitter was a giant ponzi scheme? Not quite, but I don't blame you for seeing it that way however you're misusing the word PONZI. It's a specific scam and the phrase, like FUD, is WAY overused and abused.
The little man buys twitter because he believes it will grow in popularity. What he doesn't understand is he should buy in speculation that when it does the big players who own stocks to own a say in the companies operation will pump said stock price. Those big players buy the stock to then bitch to the CEO to drive profit driven direction so they can drive up the value of the company and help drive stock adoption among other things.

Leading on with that:
Why are you buying crypto as the little man? What are YOU speculating on. Why is there big money in the ecosystem? Far more than retail.

People aren't hoping for the greater fool. YOU might be, but not I. Not all others, and not the big players certainly.
They're investing what they have, investing in the tokens the tech the companies etc... all to improve adoption, and Crypto is being adopted more and more each year.

>> No.50392878

>>50391990
>he doesn't own the standard
NGMI

>> No.50392884
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50392884

>>50391990
Good for you. Maybe now you can learn and accept that there is only one blockchain that matters

>> No.50392915

>>50391990
Icp is a governance token that can be burned into cycles to support a website on their decentralized cloud platform. All the other coins are just basic currencies and serve no other function

>> No.50394344

>>50392686
Not just drugs. If you want to make ANY transaction without the knowledge of the government or banks, you use Monero.

>> No.50394429
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50394429

>>50391990
Ya'll still buying them shitcones? Nigga we iz out here in the woods rolling eights and prancing by the river. This the summer of niggaz and ya'll posting frogs on this basket forum. Shiiiiiet I'm outta here.

>> No.50394519

>>50394344
monero won't have mainstream adoption till people can transact using a web browser.

>> No.50394649

>>50394519
You can't copy & past the address or read the QR code on the phone? lmao anyone can. That is not a problem at all.

>> No.50394674

>>50391990
https://medium.datadriveninvestor.com/why-simply-calling-bitcoin-a-ponzi-scheme-is-lazy-thinking-a3dfc67c25e
Imagine being a fucking idiot nigger fag with aids and hiv like OP.

>> No.50394686
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50394686

>>50392033
>None of them work without fresh money buying in.
Not how crypto works.

>> No.50394716
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50394716

>>50392686
I've used my BTC to pay rent.
You're dumber than hell.he'll. Never selling.

>> No.50394747
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50394747

>>50392865
>Leading on with that:
>Why are you buying crypto as the little man?
Because the cost of living goes up while Americans are too broke to pay a decent, middle class salary.
Because all other investments are too expensive for me.

>> No.50394760

>>50392865
>YOU the little man gets proportional income through the company paying out profits. Neat.
Algo give me 5 % APY.

>> No.50394956

>>50392865
imagine writing all that wall of cope
crypto is a useless ponzi, deal with it
>but muh stocks
they're also entirely useless bullshit that amount to nothing
>but m-muh utility
zero utility, muh smart contracts, muh cbdc, muh insurances muh derivatives, they're all fake, made up bullshit with zero utility or value
if the economy actually resets, all of these things will go straight to zero, where they belong

>> No.50395019

>>50392865
You started off so well and somewhere down the line you crossed the river of delusion and by the end of the post you made no sense what so ever

I can tell you've lost a lot of money recently. This is some extreme denial.

>> No.50395075

>>50391990
Every year since the beginning of crypto someone comes up with this thought. Then every other year they commit suddoku

>> No.50395093

>>50391990
This

>> No.50395126

>>50391990
>I just realized
You came to the wrong realization and that pepe won't help you

>> No.50395321

>>50391990
now you understand why "fundamentals" don't mean shit in this clown market. It's all about what you can market to normies/people with cash effectively.

>> No.50395370

>>50394686
>Not how crypto works
Correct.
It all ceases to exist when the server farms can't afford to stay afloat from the insane power bills.
Slightly rude solar storm?
Wow, it's all ogre.

>> No.50395973

>>50392661
Yea because its lost it way to the moon.

>> No.50396033

ALL THIS RETARD THINK BITCOIN IS TO MAKE THEM RICH, ITS NOT ABOUT THAT. BEING RICH IS JUST A BONUSES

>> No.50396051

>>50395321
Well to an extent its true but its usually just a mirage fundamentals will always win and that is why I look out out for projects with good marketing strategy, quality partnerships for the ops and usecase that normies can easily relate to like web3 access, NFT support and identity security.

>> No.50396116

>>50396033
BTC is far too gone to make anyone that rich. The only MC region we can talk about getting rich is lowcap; stack up those cheapies they can easily do a 100x-1000x and watch your portfolio grow 3 figs overnight. I already got my eye on SHIB(dirt cheap), ORE, UDO and SOV all these are below $1.

>> No.50396176

>>50391990
1PBTID RETARD WITH 50 SHITCOINS IN HIS $500 NIGGERFIED PORTSHITLIO.

LINK BTC XMR IS ALL THAT MATTERS FAGGOTS.

>> No.50396226

>>50396116
This is the type of retarded normie nigger brain that everyone should do the opposite of. The day of SHITCOINS pumping for no reason are over.

Truly the most retarded laggard normie on biz right here buying shib because it's so cheap. Jesus Christ just kys nigger.

>> No.50396426

>>50391990
Why do people list top coins like this starting at BTC and eth and then jump straight to no. 30 which is link? Shouldn’t you continue down the list by marketcap? How can you list all these irrelevant coins but miss some of the big players like SOL and XRP?

>> No.50396476

>>50396426
You are now realizing how inorganic the LINK shills are. They are trying to get ignorant newfags to buy their bags

>> No.50396545

>>50391990

The real redpill is that everything is a Ponzi

Everything requires a greater fool. The only reason the stock market functions is because there’s new suckers buying in and cashing out the tiny few and prices would sink the moment everyone had to exit...

>> No.50396716
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50396716

>>50391990
>I just realized it's all worthless

You woke up!
Now that you have you seen the truth, use it to your advantage.
Follow the whales and eat their scraps till you become one.
Always tell the shrimp BUY BUY BUY

>> No.50397431
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50397431

>>50391990
The fact you're this dumb shows why you're ngmi. A speculator isn't a leech for muh society fantasy. A speculator is responsible (regardless of being retarded, but so are blue collars and most of white collars) for the VELOCITY and EVOLUTION of transactions of ANY sort. They are the chem soup that spawns the evolved monetary system. It's appaling that ninety nine percent of bizlets do not acknowledge this simple fact. And worrisome. The minds of boomers in the sixties under LSD worked way better than the zoomers under LCD with their OCD and ADD from listening to their MP3. Were they here, with the tools of this age, crypto would be the dominant force for freedom. With the likes of you, we're beyond doomed.

>> No.50397823

>>50396226
Fucking retard you know nothing about crypto obviously, investing in the never pumping XMR. Choose your lowcaps right and you'll be getting the right amount returns.

>> No.50397886

how did you come to the conclusion that crypto is worthless when the biggest companies in the world are joining the market by partnering with Matic. in the past month only htc, reddit, meta, stripe and more joined hands with polygon, and disney's accelerator chose polygon to be the only blockchain to be part of its 2022 program

>> No.50397892

>>50391990
It's all a scam. Stocks too. Boomers just have their own scam talking points they believe as truth. If you don't see the entire system as a scam you're ngmi because you just take the word of every oldfag and news outlet at face value. Of course some scams you should avoid at all costs but crypto is pretty based and there's money to be made. That's all that matters.

>> No.50397912

>>50391990
All shitcoins dance at the song of papa BTC. There's really no difference between them, people just buy low and try to sell high to get REAL money. Nobody cares about tech, velocity or fees, that's just cope and delusion from fags who believe in the technology, normal people are just waiting for Elon to tweet something or Snoop Dogg buying some monkey shit so they can sell their heavy bags

>> No.50398399

>>50396426
Well there's no rule that states we have to buy according to how they are listed we have different things we look out for even in lowcaps, its called diversification.

>> No.50398638

>>50398399
I find it hilarious that someone actually thinks we need to buy according to the list, I literally own ETH,BTC,MATIC and BNB then straight down to the lowcaps UDO,OGN,ORE and SOV.

>> No.50399906

>>50397886
I am still a bit surprised about this recent strides by polygon;Metaverse, web3, NFT support and even identity management are all hyped up because of polygon's recent involvement.