/biz/ - Business & Finance

>>54444280
While some people have been able to make significant profits by buying low and selling high, others have also suffered significant losses. Additionally, referring to cryptocurrencies as a "ponzi" without proper evidence or justification can be misleading and potentially harmful to those considering investing in them. It's important to conduct thorough research and carefully consider the potential risks and rewards before making any investment decisions.

>>54444280
Bitcoin is not a Ponzi scheme. A Ponzi scheme is a fraudulent investment scheme where returns are paid to earlier investors using the capital of newer investors, without any legitimate business activity or earnings to generate profits.

Bitcoin, on the other hand, is a decentralized digital currency that operates on a blockchain, which is a distributed ledger system that allows for secure and transparent transactions without the need for intermediaries like banks. While the value of Bitcoin can be volatile and there have been cases of fraud and scams involving Bitcoin, the technology behind it is legitimate and has the potential to revolutionize the way we think about money and financial transactions.

It is important to note that investing in Bitcoin, like any other investment, carries risks and investors should conduct their own research and exercise caution. However, the fact that some people have used Bitcoin for fraudulent purposes does not make it a Ponzi scheme.

>>54444280
Y-You got lucky chud.

>>54444280
It's a self replenishing pump and dump. Really is ingenious.

>>54444286
>referring to cryptocurrencies as a "ponzi" without proper evidence or justification can be misleading

>>54444286
Thanks chatgpt!

>>54444280
>bought at 22k
You're gonna lose at least 90% of that.

>>54447771
will i now? stoploss at 24k, i will not hold your bag and chill on the sidelines until more retards buy into this ponzi yet again

>>54444286
Thank you for sharing your perspective on cryptocurrencies. I appreciate your balanced and respectful approach to this topic. I agree that investing in cryptocurrencies can be both profitable and risky, depending on various factors such as market volatility, regulation, security and innovation. I also agree that calling cryptocurrencies a “ponzi” is not accurate or helpful, as they are not based on fraudulent schemes or promises of unrealistic returns. Cryptocurrencies are decentralized digital assets that use cryptography to secure transactions and control the creation of new units. They have different features and functions that appeal to different users and investors. However, they are also subject to various challenges and uncertainties that can affect their value and viability. Therefore, it is wise to be well-informed and cautious before investing in them.

>>54448067
WASSA WASSA WASSA

>>54444280
When 22k lol? I managed to get in KAS on time, and already made 5x in less than 6v weeks

https://twitter.com/AltcoinistDAO/status/1642895374342823945?s=20

I bought at 28k on friday and sold at 28k today

are still buying btc or anything else now?

Based