Boomers are now shorting bitcoin

It's a misspellng.
He's actually shitting his shorts because of bitcoin.

This made me short my shit.

Buttcorn only has greater fool theory value at the moment. Or, as they call it, "digital gold" type of value. He's not that wrong. It's not really function in any way that adds economic efficiency or new value through new utility or services. Bitcoin Core devs are literally telling people to use credit cards instead. Lightning is a joke.

I was legit excited about the possibility of making money shorting this shitcoin, and now this boomer comes along...

I know, right? If anything it's more of a dollar auction.

Based Boomer

Millennials are gonna get BTFO once all their Bitcoins go down to sub $100

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>Gary Shilling
>Shilling shorting
Bullrun confirmed

he's completely wrong though. a ponzi scheme promises you returns. that's the main characteristic every moron seems to forget: ponzis PROMISE returns and intentionally mislead investors about the source of these returns
bitcoin doesn't promise you shit except losing your neetbucks, and any return you make is clearly spelled out as other people buying your bags (or the dollar losing value)

Because Ponzi is a word that will keep people away as they know it's bad. No different than Munger choosing "baby brains", the institutions don't want their shit threatened. Not a hard concept to understand here, they want to push people away from it and will use any verbage that they can.

S-should i buy? last time they was so agnry with bitcoin we started mooning

>cnbc.com/video/2018/11/15/why-gary-shilling-is-short-bitcoin-its-some-sort-of-a-big-ponzi-scheme.html

>video
holy fuck hes retarded lmao

He's not retarded. He's just a liar.

many people understand that it's not actually a ponzi, it's just easier to say than "greater fool buying back in later after you". same as bcash instead of bitcoin cash

hes shitting

Bugmen are disgusting

His name is SHILLING. What a coincidence.

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shilling shorts
probably inspired by biz lingerie dropship threads

No, they're actually the ones making money while all of you absolute fucking morons have been losing insane amounts of money for literally a fucking year.

I love how losers on this board try to talk shit about people who are millions of times richer, more powerful, more informed, and more successful than you are.

The promise of returns is just decentralized. You have a bunch of people screaming its going to be the big thing. For the buyer, its effectively the same.

Yes, technically ponzi isn't entirely accurate, but it is a greater fool theory asset right now and the mindset of most "investors" buying is that its going to go up in price because other people are gonna buy in hoping it goes further up in price.

Lawl !
I shat my shill

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I am loaded in GE
And getting rekt also
Why you want me to kms ?

Bitcoin might not be exactly the same as previous schemes but the mechanics are largely the same. At the very least, Bitcoin is multilevel marketing.

>early investors/miners shill Bitcoin everywhere with narrative of Bitcoin undoing the banking industry and replacing fat
>suckers fall for story and buy crypto
>holding bags, these later investors have to repeat the narrative to other people
>early investors unload their bags as more investors come in
>narrative and price prediction becomes more and more grandiose while all naysayers are insulted and bullied
>rinse and repeat

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>Gary Shilling

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Once all of your co-workers are discussing shorting crypto like they were discussing buying crypto in december 2017 is the ideal time to buy.

Muh always do the opposite of mainstream thought meme

>rinse and repeat
I really hope this happens once more. I guess I really was the greater fool.

wait a minute
his name is literally SHILLING?