Is Bitcoin going to be the longest running scam in history?Has there been a longer running ponzi, pyramid or mania?
Yes, social security, stock market etc.
Just two more weeks and those buttcoiners will see their folly
>>59234981A ponzi or pyramid scheme requires a central organiser, it doesn't apply to a decentralized commodity like bitcoin. But you already understood that right?
imagine not owning a full bitcoin in current yeari would kill myself honestly
>>59235021it's literally plummeting rn and I've never been more validated in my tradesjust remember, smart investors already played 15k to 90k, you are retarded and will continue to chase dragons
>>59235052>92k to 90k>PlummetsCope
>>59235052>plummeting It’s been crabbing for a week
>>59235061>>59235072>return to normal" lol, just lmao at you fags who bought at 50k
>>59234985>>59234990>>59234997>>59235021It's C++ code written by the NSA. Real talk: Why are you such pathetic little sheep? Weren't you warned, "You will own nothing (computer code) and be happy?"
>>59234985The stock market has real companies. Social security is not comparable.>>59234997Bitcoin is not exactly a ponzi or a pyramid but it shares a lot with them.In the end it's just a fool buying a virtual token with the hopes of selling to another fool for a higher price ad infinitum.And it has been hypothesized that the price is being propped up artificially, because bitcoin ownership is actually very concentrated in a few hands.
Herbalife has been going since 1980
>>59235197Yeah, I was thinking that some multi level pyramid is going to stay on top.How is this legal....
>>59234985This. Anything trying to defend these as different is boomer cope. I mean inflation is literally a result of them increasing the circulating supply. It’s no different than crypto XD
>>59234981You're confusing a ponzi with a bubble. A bubble that doesn't pop is what we call money.
>>59235138It's not written by the NSA. SHA-2 was, and it's just a bunch of algorithms that are completely understood and which are used in open source bitcoin software. SHA-2 was developed almost a decade before bitcoin even launched also. >>59235150It doesn't share anything with a ponzi or pyramid, you don't even seem to understand what these mean. Bitcoin has value due to being an incredibly strong store of value. The way you describe bitcoin is analagous to a shitcoin which demonstrates that you don't really understand it. Nor is its ownership centralised. The vast vast majority of bitcoin holders are private individuals, not companies or states or billionaires.
