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The worst of is that early adopters will cash out boat loads of money and use that fact to claim they were right all along, as if somehow the top of the pyramid
by eterm 9y ago
The worst of is that early adopters will cash out boat loads of money and use that fact to claim they were right all along, as if somehow the top of the pyramid making money proves it's not a pyramid.
- Radim 9y agoMark my words: this will all come crashing down. I can't tell you when or why, but it's not sustainable. The irony: lots of people feel the same way about the "real" debt-based modern economy. A ridiculous Ponzi scheme, clearly unsustainable in the long run. As always, the time horizon matters when talking about investments and sustainability. Given the right time window, everything works, and everything fails.
- deleted 9y ago[deleted]
- suzzer99 9y agoLet me know when BTC is backed by tanks and fighter jets.
- cinquemb 9y agoOnly a matter of time until a group like shadowbrokers in some sense has ICO for managing rooted military/civilian infrastructure and occasionally "deploying"/commandeering (and supply chain, because jets and tanks wont work very long without such) around the world…
- honestlyreally 9y agoIsn't that the problem here?
- Consultant32452 9y ago"The market can remain irrational longer than you can remain solvent."
- taysic 9y agoA pyramid scheme works such that if the growth stops, the whole pyramid collapses. It is dependent on newcomers. With crypto, if anyone leaves or growth stops the price simply goes down. It doesn't collapse. It's more like stock.
- abrichr 9y agoI haven't heard this perspective before. Can you elaborate? What if the exchange rate were 1 BTC to 0.0000001 USD, wouldn't that effectively be a collapse?