/biz/ - Business & Finance

[Anonymous No.23772416]

>4chan convinced thousands of boomers to put 50% of their salary into LINK every week to pump their bags
>those boomers post on twitter about how they convinced their wives, parents, and children to put 50% of their salary into LINK every week to pump *their* bags
>sergey dumps tens of millions of tokens on them every 6 months and they just keep buying
Pyramids eventually run out of buyers. When do we short chainlink back to $1?

[Anonymous No.23772494]

>A Ponzi scheme (/ˈpɒnzi/, Italian: [ˈpontsi]; also a Ponzi game)[1] is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.[2] The scheme leads victims to believe that profits are coming from product sales or other means, and they remain unaware that other investors are the source of funds. A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own.

[Anonymous No.23772514]

honestly, I don't know. I've learnt to not fight the retard strength, which was high with chainlink
It's funny. Sergey hated it when it started, he was really embarrassed about the /biz/ fame
I wonder now that they have made him a billionaire if he will say something else.

[Anonymous No.23772553]

>Typically, Ponzi schemes require an initial investment and promise above average returns.[8] They use vague verbal guises such as "hedge futures trading", "high-yield investment programs", or "offshore investment" to describe their income strategy. It is common for the operator to take advantage of a lack of investor knowledge or competence, or sometimes claim to use a proprietary, secret investment strategy to avoid giving information about the scheme.
>The basic premise of a Ponzi scheme is "to rob Peter to pay Paul". Initially, the operator pays high returns to attract investors and entice current investors to invest more money. When other investors begin to participate, a cascade effect begins. The schemer pays a "return" to initial investors from the investments of new participants, rather than from genuine profits.
>Often, high returns encourage investors to leave their money in the scheme, so that the operator does not actually have to pay very much to investors. The operator simply sends statements showing how much they have earned, which maintains the deception that the scheme is an investment with high returns.

>>23772514
He no longer talks about token not needed when asked about it. He just dodges the question entirely. I think he should have serious concerns about his safety if/when the token tanks.

[Anonymous No.23772585]

>>23772553
bigmacs are safu

[Anonymous No.23773557]

>>23772585
bigmacs are safu for people who don't really think it's going to a trillion dollar valuation.

[Anonymous No.23773733]

[Anonymous No.23773749]

>>23772416
> linktard
> Qoomer
> Australian schizo
this is literally 42