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/biz/ - Business & Finance

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9671557 No.9671557 [Reply] [Original]

Let's combat fractional reserve banking and infinite money printing by creating a new cryptocurrency every fucking day. Zero intrinsic value or unique use cases, and you brainlets keep buying them.

You all are retards. Only a few coins will prevail and the fact that every coin / token in the top 200 have a cap of 50M is absolutely ABSURD.

If you think we are even close to the bottom you are absolutely retarded. Only a few coins will make it. Make some gains selling to the greater fool and then exit.

>> No.9671565

salty nocoiner everyone point and laugh

>> No.9671694

>>9671557
What you are forgetting is that crypto democratizes money. If a coin/token has positive public perception then it will do well and the opposite is true. So sure you can print up a pajeet shit coin. It doesn't mean it's worth anything.

>> No.9671709

>>9671694
That's true. With fractional reserve banking, the reason printed money has value is because of the currency in circulation.

The reason shitcoins have value is because you brainlets buy them.

Definitely a big difference. It'll all be weeded out as shitcoins are purged and ICO's become unprofitable to participate in.