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"Initial investment" It's not an 'investment', it's just playing 'trading cards' with invented numbers, based on nothing. "having a technical understanding "
by jollybean 5y ago
"Initial investment"
It's not an 'investment', it's just playing 'trading cards' with invented numbers, based on nothing.
"having a technical understanding "
No, having a 'technical understanding' just enables the obfuscation of the Giant Scam even more.
"having enough sophistication as an investor "
If you think it's 'sophistication' then you're in the 'fish' category being fed to sharks. Markets crash when the leads/powerful decide to make their moves (which includes the central bank actions, regulatory apparatus).
The magic numbers may continue to trade for a long time but it's still a scam.
- odonnellryan 5y agoI saw someone here or on Reddit discussing how BTC is guaranteed to 3x at least each year for the next 1-2 decades. I mean... Putting $100 into crypto today and being set for life really sounds nice but I highly doubt any market could support that kind of growth....
- nostrademons 5y agoIt could if the dollar is falling by 3x every year... You wouldn't be set for life in that case, though, because everything else would cost 3x as much each year.
- epolanski 5y agoThis. Currency speculation has been called currency speculation for decades, and yet in case for crypto (much riskier, less protected) it is somehow called investment.
- jollybean 5y agoIt's not even currency speculation, because Crypto is not currency. It's baseball card speculation, without the baseball card.