[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 15 KB, 552x472, 1673251232751299.jpg [View same] [iqdb] [saucenao] [google]
53631386 No.53631386 [Reply] [Original]

It's a ponzi scheme, isn't it?

>> No.53631390

>>53631386
yes

>> No.53631397

Anything that isn't BTC is a scam.

>> No.53631410

>>53631397
so someone who became a multi millionaire from shib was scammed?

>> No.53631417

>>53631386
Yes, deep down we all know these tokens are worthless and all we care about is to make as much real money (fiat us dollars) by selling oue bags to newfags that think crypto has a use case or is the future

>> No.53631424

>>53631386
damn bro youre smart. you should fight crime.

>> No.53631444

>>53631386
wait until you find out pension schemes are also ponzis

>> No.53631454

>>53631410
Ponzi doesn't mean everyone loses money. Those that pull out early can do well. It's the countless people holding the bag who are getting scammed.

>> No.53631481

>>53631386
Always has been

>> No.53631496

>>53631454
Just like stocks and well everything else in life retard. Life is a ponzi

>> No.53631519

>>53631496
Nothing is as unregulated and useless as crypto though

>> No.53631531

>>53631519
>b-but
everything is a ponzi suck it up faggot and with the introduction of cbdcs crypto will be even more useful

>> No.53631536

>>53631386
yes, that's insanely bullish

>> No.53631579
File: 184 KB, 2000x2000, 1675361298356198.jpg [View same] [iqdb] [saucenao] [google]
53631579

>>53631424
>you should fight crime.
I already do. I shut down the prostitution ring that your mother was working for.
>>53631496
Your face is a ponzi, retard.

>> No.53631616

>>53631531
Yes everything is a ponzi, but nothing comes close to crypto as far as uselessness. If crypto disappeared overnight the only repercussion is people would have a harder time purchasing illegal goods and laundering money

>> No.53631661

>>53631616
go have a read at what the central bank of england announced yesterday and tell me people wont be attracted to crypto due to it

>> No.53631668

CHAINLINK

>> No.53631689

Obviously

>>53631397
BTC only functions as a case study on greater fool theory

>> No.53631836

>>53631496
Stocks still have something real backing it, which is the company. Obviously it's still not 100% ideal since price doesn't always follow company performance but it's a lot more substantial than a shitcoin.

>> No.53631845

>>53631661
nigga can you be more specific?
link to the article please.

>> No.53631868
File: 10 KB, 150x150, 1640661003216.jpg [View same] [iqdb] [saucenao] [google]
53631868

The ultimate blackpill is understanding that absolutely everything crypto related is designed specifically to solve problems that the technology itself introduced - every single usecase ever for crypto has always been frivolous.

The water to down that blackpill is knowing that this doesn't matter and society itself runs on a huge ponzi scheme in the first place, so crypto won't go anywhere. So buy Marlin $POND to keep solving problems that don't matter because that's what we do best.

>> No.53631873

>>53631845
https://www.gov.uk/government/news/hm-treasury-and-bank-of-england-consider-plans-for-a-digital-pound

https://www.bankofengland.co.uk/speech/2023/february/jon-cunliffe-speech-at-uk-finance-update-on-central-bank-digital-currency

https://uk.news.yahoo.com/consumers-face-20-000-pound-155910982.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAAMSo3_Qwky7UeIxKSMaBT_r1wqKj6BHFY8wd_KDZZSaW8-X0pSVgPf9B721hevDGItw5G1G5ZamfM4QRqi9CRq2d9_iF4QEVgkPIwsNHzX2MxXRTGkOn0stbaO5d8a6rPfU2M8KaQS386ygn6pjCuFdwhKNq7cqvbciBR7e1Tnm5

>> No.53631874
File: 431 KB, 527x1008, 1660853015201662.jpg [View same] [iqdb] [saucenao] [google]
53631874

>>53631410
>so someone who became a multi millionaire from shib was scammed?

you must be 18 years old to post here bud

>> No.53631899

>>53631410
No, they played the game.
Stop pretending to be a dense barely functional retard.

>> No.53631906

>>53631386
post one (1) worthile token ;)

>> No.53631922
File: 168 KB, 364x356, 1234329464857.png [View same] [iqdb] [saucenao] [google]
53631922

>>53631868
This. "Solana is too slow, use Fantom instead!", "DOGE is shitty use SHIB instead!", "Ethereum's transition killed it, use Ethereum Classic instead!"

It's all the regurgitation of the shit of the 'innovation' that came with bitcoin in the first place.

>> No.53631938
File: 147 KB, 784x1050, 1587410377414.jpg [View same] [iqdb] [saucenao] [google]
53631938

>>53631386
>t's a ponzi scheme, isn't it?
it is but it doesnt necessarily mean that the shitcoins are worthless.
sure in some fundamental muh-real-world sense they are all useless and shit at what they claim to do but theres more influential metrics of 'worth' than that or else pretty much everything we could spend fiat on would be considered equally as worthless. outside of things like agriculture, energy or weapon production, maybe some tech manufacturers and a home to live in, pretty much everything else is bullshit if you view the world within some fundamental-only frame.
but consider what really runs the world given we are long past the stage of survival being difficult; its hope, greed and speculation, human ambition is the most powerful force in existence, it drives everything we do on a daily basis and the shittier the shitcoin market the closer to the apex of that force expressing itself you ultimately get to.
people will walk past a burning orphanage when nobody else is helping if they think it looks too tough a job but will fight to the death to protect a wallet some nigger is mugging them for if theres $20 in it, that motivation is so extreme that it itself becomes a tangible fundamental force and if you dont consider it one you will forever fall victim to those that understand.

>> No.53631941
File: 47 KB, 885x821, 20230114_075954.jpg [View same] [iqdb] [saucenao] [google]
53631941

>>53631397
Kek.. keep being a brainlet btc maxi while I print hard from altcoins
all these hype with ai, perpdexs and metaverse and you tell me to stick with just bitcoin?

>> No.53631983

>>53631868
>The ultimate blackpill
>Proceeds to shill POND, the biggest vaporwave paki garbage known to mankind
I swear to Krishna I'm gonna eradicate your whole race

>> No.53632036

>>53631983
what's so wrong with pond, as long as I know they're trying to make web3 faster than it is

>> No.53632236

>>53631941
VAI for AI
GMX for PerpDexs
RIDE for metaverse

What are the odds they perform good, asking for a friend.

>> No.53632341

>>53631386
Yeah. Crypto apocalypse will come soon though. The ones that last will be the amazon, google and apple. Choose wisely.

>> No.53632419

>>53632036
Who said web3 is slow?

>> No.53632450
File: 20 KB, 399x322, 1625883184091.jpg [View same] [iqdb] [saucenao] [google]
53632450

>>53632236
still largely depends on btc and how much it carries the market
all of this hype about AI projects will die off if bitcoin hits another rock bottom

>> No.53632458

>>53631906
>post one (1) worthile token ;)
BitConnect

>> No.53632753

>>53631397
Like your mom's boobs

>> No.53632775

>>53632236
I've still got hopium for metaverse projects, sandbox been making waves, could literally carry the trend

>> No.53633536

>>53631386
None of the privacy project tokens I know are worthless though.

>> No.53635413

>>53631386
You are buying shit memes, buy low caps with utility, ORE is one recommendation.

>> No.53635480
File: 51 KB, 920x921, 1655367583495.png [View same] [iqdb] [saucenao] [google]
53635480

>>53635413
This token is pumping, why did I miss out. fuck

>> No.53635532

>>53631454
That's called /bussiness/ in general
Buy low sell high
Why the fuck you buy high sell low
This isnt /biz/

>> No.53637290

>>53631386
Yes.

>> No.53638116

>>53631454
ohh look its another episode of "NO ONE EVER LOST MONEY BY TAKING PROFIT"

learn to sell u fucking faggots.
its the ONLY way u WILL MAKE MONEY.

>> No.53638131
File: 81 KB, 827x420, Warren-Buffett-says-I-wouldnt-buy-all-Bitcoin-in-the-world-for-25-it-has-no-value-The-Coin-Leaks.png [View same] [iqdb] [saucenao] [google]
53638131

>>53631386
>It's a ponzi scheme, isn't it?

Yes.

>> No.53638213

>>53631410
ethereum insiders?