It’s literally a Ponzi scam.
Why the fuck would anybody ever buy BTC?
Fuck off, Nouriel
People who say this shit don't know what a ponzi is
As many problems as their are with bitcoin the ponzi scheme FUD is the weakest. BTC has a pretty equitable distribution. People always imagine they’re buying the bags of a handful of NEET whales, but the truth is no one started hodling btc until it hit 22000.
>Why the fuck would anybody ever buy BTC?
Because they hate the environment and want to waste electricity.
>but the truth is no one started hodling btc until it hit 22000.
>22000
What european mudlsime village do you live in where BTC reached 22000 of your currency? Everyone on Jow Forums talks about BTC in USD because the US is the #1 country of the world.
for me its the drugs, then i keep some in hopes of making it
Wish i was an american instead of an europoor desu.
Hope I get into the /Midwest/ citadel
Because they think they are going to dump it higher.
It's going to last as long as people that think like that have money left.
People only buy into it, so they can later cash out (read: dump) on new investors at a higher price? Sounds like a ponzi to me.