early adopters hold all the currency
in order to make money early adopters have to sell bitcoins to other people
people buy into it and early adopters cash out with your money
now you have bitcoins, now what?
if the only way this thing makes money is by selling for higher and higher and passing the hot potato to the next person isn't it jsut a ponzi scheme?
isn't this basically how all cryptocurrencies operate?
How do I get rich in crypto currency?
Colton Davis
Connor Morgan
why don't you people do something more realistic like fix and flip?
Jack Cox
people who actually play the stock market know anything with more than 10% return and at least $500k down is probably a scam or incredibly risky
William Thompson
Set really high asks/low bids..wait for a fat finger
Look at the 1w tusd/Btc Binance chart for an example. You unironically could have done this with pax/Btc a few hours ago but binance already locked bid/ask limits at 1000% of current price.
Charles Davis
Tyler Perry
so it's really easy to justify overpaying for bitcoin because people don't buy actual whole bitcoins just infinitely smaller divisble portions of it which props up the value of a bitcoin as a whole and attracts gullible idiots because they don't understand trade volume or average trade size?
Jose Lopez
so if you're theorhetically rich in bitcoin how do you cash out? the average trade is only for 0.0001 bitcoins at $10 and there's only so many of them, aside from the few dumb idiots that dump $10,000 in at a time thinking it's an investment how do you cash out all that money without tanking the value of the bitcoin as a whole by overwhelming the demand?
Leo Rivera
You can anonymously move billions of dollars around the world. How is that not disruptive technology?
Nathan Cooper
because it takes a terrabyte hard drive and days to download the page file just to get started and it offers no benefit over a wiretransfer?
Jason Stewart
>if the only way this thing makes money is by selling for higher and higher and passing the hot potato to the next person isn't it jsut a ponzi scheme?
that's the same as gold or any other currency with a limited supply. At some point it will stabilize and be used as a currency because hoarding it isn't that beneficial anymore.
That's why everyone with half a brain knows that btc or any other crypto has to be a store of value first to get stable in the longterm and only then it can be used as a medium of exchange. No one will ever transact in a super volatile currency.
Just buy btc and hold, compare its market cap to gold's and see for yourself if they upside is worth the risk