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PolandCanIntoSpace on scored.co
2 months ago0 points(+0/-0)2 children
Not an entirely good analogy. There are stocks that work exactly the same way. There are companies that never turn a profit but their stocks keep going up.
2 months ago3 points(+0/-0/+3Score on mirror)1 child
The exceptions aren't the rule, dummy. Of course there are stocks like those, but those are not considered successful stocks. But even so, those stocks are still governed under the same rules as the legit stocks. Crypto is a "Wild West" with no rules. Even insider trading laws don't apply to crypto. It's all a fucking scam. Now tell the class how many times you've "bought the dip."
Full disclosure - I made probably mid 6 figures in crypto so I'm biased.
A few years ago, I thought like you - that crypto was BS - and for the most part it absolutely is. Outside of the main ones like BTC LTC and ETH it's mostly horse shit and scams. Stuff like "filecoin" and crap like that have absolutely no actual viable usage. I thought that all crypto including BTC were horse shit because they had no tangible value. Then I realized neither does USD, EUR or most other fiat currencies. They are backed by nothing and printed out of thin air. Bitcoin is at least - in some form - backed by electricity and computing power. You can't just up and create a bitcoin from nothing.
Really it's fiat money that is the jew magic. Crypto is arguably the best thing we have short of returning to some commodity-backed currency. It's not perfect, but it's better then jews creating money out of thin air.
The fact that people are investing in this and profiting is some next level jew magic.
A few years ago, I thought like you - that crypto was BS - and for the most part it absolutely is. Outside of the main ones like BTC LTC and ETH it's mostly horse shit and scams. Stuff like "filecoin" and crap like that have absolutely no actual viable usage. I thought that all crypto including BTC were horse shit because they had no tangible value. Then I realized neither does USD, EUR or most other fiat currencies. They are backed by nothing and printed out of thin air. Bitcoin is at least - in some form - backed by electricity and computing power. You can't just up and create a bitcoin from nothing.
Really it's fiat money that is the jew magic. Crypto is arguably the best thing we have short of returning to some commodity-backed currency. It's not perfect, but it's better then jews creating money out of thin air.