[theluckycountry]

Try to stay on topic inke, this is about shitcoin, the only EV related part is that the cryptos are tech stocks that follow the market up and down. With the collapse of the EV bubble they were danger of floundering but have been buoyed up a bit by the AI bubble.

I have put a bit of effort into researching this ok, try and find something interesting to say about the matter other than "Wait grasshopper"

[careinke]

Try to stay on topic inke, this is about shitcoin, the only EV related part is that the cryptos are tech stocks that follow the market up and down. With the collapse of the EV bubble they were danger of floundering but have been buoyed up a bit by the AI bubble.

I have put a bit of effort into researching this ok, try and find something interesting to say about the matter other than "Wait grasshopper"

Don't know what else to tell you. Short term, I think everyone is waiting on the election. If Trump wins, expect an immediate spike in the Ponzi Fiat Dollar price will be significant. Probably above $80K of Ponzi Fiat Dollars (PFD), which will break the ATH when inflation is taken into account. I would expect it to continue to rise into six figure PFDs by the end of the year and possibly 7 figure PFD by May 2025.

If Harris wins, I expect a severe and very quick dump of BTC price, hopefully below $40K, where I will thank my lucky stars and buy as much as possible along with most of the whales. The dump will not last long and recovery will be dramatic. I expect high six figures of PFD by the end of 2025.

This will be driven by the following factors:

1. BlackRock's and Fidelity's Huge BTC holdings in their respective ETF's which not only allow derivative trading, it opens the doors for numerous Pension Plans to participate. The sales forces have been trained, deployed, and making sales as I type. If you research a little more, you can see their new sales material.

2. The new admin will quickly learn they cannot ban "Stable coins" as they hold over 20% of U.S. PFD securities including U.S. Bonds. If they went away those securities would be sold except no other countries will buy them.

3. An attempt will be made to try and make a U.S. CBDC, but it will not be possible as many states have already made them illegal, so expect court fights for the next 10 years over this issue. In contrast, the slave countries like Australia, EU members, will try but acceptance will be similar to China's.

4. Increased global warfare, rebellion against the IMF, not to mention the WEF, will also put pressure on the price.

For me, Economically, I will be way better off if Trump wins in the short term. I'm thankful crypto has a very well-funded and effective lobbyist group, which has a good chance of ensuring a Trump win over the Deathocrats shenanigans.

Is that on topic enough for you? I'd like to see your take, now that you have been doing some research. Caution you have started going down the rabbit hole. Most people started out like you, eventually the eat the orange pill.

Serendipitously, it looks like this thread will be closed and part 3, will appear right around election time.

Peace

[theluckycountry]

3. An attempt will be made to try and make a U.S. CBDC, but it will not be possible as many states have already made them illegal, so expect court fights for the next 10 years over this issue.

For me, Economically, I will be way better off if Trump wins in the short term. I'm thankful crypto has a very well-funded and effective lobbyist group, which has a good chance of ensuring a Trump win over the Deathocrats shenanigans.

Is that on topic enough for you? I'd like to see your take, now that you have been doing some research. Caution you have started going down the rabbit hole. Most people started out like you, eventually the eat the orange pill.

You raise some interesting points. On the CBDC and the states, the problem there is the states don't issue the currency do they. Nor are all the people living in the states dependent on them for welfare (for the most part) that comes from the Feds. If the Federal corporation deems that the only way you'll get your various welfare payments, including EBT payments, is via a new digital currency accessed on the smart phone then that's the end of the matter. If a state says NO. Then it's inhabitants starve. It will be done I believe under the guise of fixing a disaster, like a debt crisis, triggered with a market collapse etc.

Americans talk a lot about rights and constitutions etc but I see little evidence of it actually working out in practice. If the federal bureau of investigations wants to kick your door down and enter your home guns blazing it doesn't matter what state your is does it.

Trump made many promises during the last election that he won but nothing materially changed did it. You can expect the same this time too. He's a useful idiot as far as the establishment is concerned. Someone has to be in opposition to the main party or else it becomes clear that politics isn't running the show at all but corporation blocks. Musk is the same, he's not super smart or wise, he just goes along with the corporate blocks that control the economy, the Banks and Military etc. Because he's an obedient flop he's allowed to allowed in. NASA money is given to him, Banks and Wall street back his other projects.

Look at Bill Gates. A guy who invented one operating system, but his DOS went into every computer on the planet! He was another useful idiot, the NSA probably make up half of Microsoft's programming staff. He was anointed, that's all. Then when they wanted him to use his name as backing for the One World Government Agenda he was all in. Of course he's fallen from Grace now but not long ago He and Buffett were Hero's of the free world. Musk was Steve Jobs replacement, the prophet of Tech, the purveyor of the future lol. His companies deposit spy satellites for the NSA and his shitty cars clutter the streets, failures as we all see now.

Things are not what they seem inke, there is no "Democracy" just a facade of politics in front of Military, pharmaceutical and Banking (to mention just a few) corporations that loot the taxpayers purse. They control America, that's why you have endless wars, endless vaccinations and toxic drugs, and endless mortgages and credit card debt. It's why the stock market controllers pump huge bubbles then lets them collapse once they have made their profits. The mammoth pension funds working with them to funnel trillions of savings into the money machine.

You put your faith in BC, but where can you spend it? No one accepts it but exchanges where it's transacted via the banking system. Without the compliance of the banking backbone it's worthless! And who runs the exchanges? More Wall Street types inke. You Dream of scenarios where people transact with it peer to peer but no one does, even now in the good times! Who will touch it if the markets collapse? BC went up with the stock market, the NASDAQ specifically.
Look at the charts (10 year) It follows it faithfully, major peak to peak, trough to trough.

https://finance.yahoo.com/quote/BTC-USD/chart/
https://finance.yahoo.com/quote/%5EIXIC/chart/

When the NASDAQ crashes so will BC. Who will accept it inke? and if the government clamps down on it? You just haven't through things through, you are still believing the Hype.

[theluckycountry]

Never confuse Real assets with digital assets. All digital assets are tied to fiat currency and to credit bubbles. When the bubbles pop, so do the values (prices) of the digital assets. Even Houses are part of the digital framework because they are based on credit and loans. Go back to the 1930's (paper assets) and you'll see that they, along with nearly everything else, collapsed in price. Basically they had been bid up in price over the previous decades and the heavy debts brought them down. Gold naturally went in the other direction, increasing in price by 50%. It is the ultimate "Real Asset." No one goes to the bank to borrow to buy gold, though many did just that to buy crypto.

With the recent uptick in cyrpto I have noticed a major shift on the big reddit platform.
https://www.reddit.com/r/Bitcoin/ has over 7 Million members but on this up-leg all the WOW seems to be overrun by the noise of confusion? They are questioning everything, same over on r/dogecoin. I imagine a certain amount of this is driven by simple exhaustion, they are getting tired of the roller-coaster, tired of seeing big gains followed by massive collapses. I really can't think of another class of investment that behaves in this fashion. It's a mindfuck!

BC has broken (just) out of it's stairstep downward trend but it is still off from its $73k high of several months ago and a LONG way off from it's inflation adjusted high of the last major runup. To my mind it's just following the NASDAQ up, which in turn is being driven by Hopium in the IT/AI bubble stocks. A house of cards basically.

from reddit, a white paper.

The Distributional Consequences of Bitcoin:

Abstract
The origonal promise of Nakamoto (2008) to provide the world with a better global means of payment has not materialized. Instead, the focus has increasingly shifted to Bitcoin as an investment asset promising high capital gains. Promoters of this investment vision put little effort relating Bitcoin to an economic function which would justify its valuation...

https://www.reddit.com/r/Bitcoin/commen ... y_the_ecb/

Yes. What does justify its valuation? I think Sheer faith in a Hollywood future.

[theluckycountry]

MicroStrategy CEO Michael Saylor Sparks Outrage With Crypto Custody Comments

He said you’re better off trusting your Bitcoin in state custody than holding your own private keys, then went further, calling out all of the businesses engaged in custody projects by calling them effectively bullshit salesmen.

Have I been pointing out the fact that BC has been throughly transformed into another trade on the stockmarket. Yes, and now it's confirmed.

This is a new thesis for how to boost Bitcoin adoption using public markets – Saylor is framing the self-custody question as not an issue to solve with innovation, but an issue to ameliorate. His view: It doesn’t matter how people own Bitcoin, only that they do. His preferred vehicle for this is the stock market, and he seems to want to co-opt it as a massive vehicle for buying Bitcoin and selling the exposure.

https://bitcoinmagazine.com/markets/mic ... aster-plan

Yes the story gets a mention over on reddit's 7 million but they for the most part are the "Crypto Anarchists saylor is denigrating so you can guess the response. 0 up-votes on the story and little comment. Surprizing since he's a Whale of Whales...
https://www.reddit.com/r/Bitcoin/commen ... oin_world/

--Self custody is not anarchism. It disparages the entire idea of bitcoin as a whole, and just reduces it down to only ever being a savings tool. He is against the entire idea of what bitcoin was clearly created for by bashing self custody.
--He’s shown his true colors as just being another scumbag suit looking to profit
--This scumbag being the face of bitcoin needs to change. Bitcoin like all money is based on an idea and beliefs people hold about it.

That last comment was a laugh. "All money" is not based on belief, it's based on authoritarian control and usage in the community, even Gold is under this this control. BC is not used, it's horded, it doesn't even qualify as money the same as shares in Tesla don't qualify as money.

[theluckycountry]

Now this is breakthrough, NVIDEA is off like a rocket but BC has 'decoupled' as they say, and is plummeting. NVID is up 50% in 3 months, stellar gains, amazing. It's the bubble's bubble now But what's with $hitcoin?

[theluckycountry]

Inke, have a look at the chart https://www.coingecko.com/en/coins/bitcoin
set it for Max range and lay a ruler over the peaks of the last 7 months. Do you think the stair-step down pattern is still asserting itself? The three major peaks in the pattern down are
73~ 71~ 69

[careinke]

Now this is breakthrough, NVIDEA is off like a rocket but BC has 'decoupled' as they say, and is plummeting. NVID is up 50% in 3 months, stellar gains, amazing. It's the bubble's bubble now But what's with $hitcoin?

NVIDA is a great company and makes a large percentage of the ASICs for BTC miners. They also serve the AI/Compute market. The most efficient BTC miners upgrade as soon as new models become available. NVIDEAs stock price is a well-known indicator predicting a rise in the BTC price. So I'm happy NVIDEA is rising in price. NVIDEAs main risk is other countries will soon be producing their own chips to ensure adequate supplies of Compute in the future. So, chip manufacturer's will be decentralized avoiding a single point of failure. With AI, this process will speed up.

Still, if you chart the BTC price on a 200 Weekly Average (Approximately a four-year cycle), NOTHING BEATS BTC, including NVIDEA. Although AI may soon be the new fastest horse in the race.

I do fully expect NVIDEA to start buying BTC as the maintenance cost is virtually zero.

PEACE

[careinke]

Inke, have a look at the chart https://www.coingecko.com/en/coins/bitcoin
set it for Max range and lay a ruler over the peaks of the last 7 months. Do you think the stair-step down pattern is still asserting itself? The three major peaks in the pattern down are
73~ 71~ 69

You make a good point and yes, I am very aware of it. This has been the longest sideways movement in BTC's history. The March 13, $73K high was a direct result of institutional investors joining the fray in the form of BTC ETFs. The fastest growing ETFs in history. The Stair Step pattern down was legal manipulation of the BTC price by BlackRock, ARK, and the other 9 ETF owners. Obviously, the point was to acquire as much BTC as possible for the lowest Prices. As you know I was playing the same game buying the dips. Plus, the Whales, (people who hold over 1,000 BTC), were buying too.

I believe we bottomed out on Sep 6th, 2024, at a price just below $54K. Since then, we have been stair stepping up with higher highs and higher lows also a nice W pattern has appeared on the daily charts. We will see soon if I am correct. My plan is to sell some of my BTC (Sell the tops) and convert it to TESLA until the bull run, next cycle.

BTW:

Gold YTD +32.25%
BTC YTD +60.01%

Gold 1 Year +37.81%
BTC 1 Year +96.01%

OH, one last thing, if you check out the BTC monthly chart, you will see a HUGE cup and handle pattern breaking out. Ah TA, Astrology for us Alpha's.

PEACE

[theluckycountry]

You make a good point and yes, I am very aware of it. This has been the longest sideways movement in BTC's history...
I believe we bottomed out on Sep 6th, 2024, at a price just below $54K. Since then, we have been stair stepping up with higher highs and higher lows ...

Yes I see that extended updraft, and the peak at $69k broke the short term stairstep which made me comment above that perhaps BC had broken out of it's downward pattern. I'm still unconvinced it has changed direction though, the Sep-6 to Oct-21 run is not too dissimilar from the May-2 to June-6 run and I'm thinking the July 29 peak at $68k was simply a peak that didn't reach full potential. If it had it would have eclipsed the recent $69k one.

I disagree with your opinion that

This has been the longest sideways movement in BTC's history.

It hasn't been sideways, it's been in decline. BC, and crypto generally have never experienced declines, they have bonified collapses. Perhaps this is what has confused you. Nvidia for its part has skyrocketed beyond all rational measures and nothing goes straight up like it has and then plateaus. Such a stock or index always collapses back down.

Every decade investors get it into their heads that something has fundamentally changed and this new sector will Always retain it's value, they throw out the rule book and go all in. We saw it with Tesla and EV stocks in general and now they have collapsed back. We saw it in the leadup to the 1987 stock market crash, in the 90's leadup to the dotcom crash, then with the housing bubble. Even oil and Gold have entered these unsustainable highs and it's easily seen by a comparison between the instrument and the general inflation rate. Gold was $1500 aussie in 2010, now it's $4000, a big rise but not over a 14 year period. It's simply been tracking inflation. Nvidea will collapse back again soon, as all stocks in all bubbles have done since recorded history began.

[careinke]

You make a good point and yes, I am very aware of it. This has been the longest sideways movement in BTC's history...
I believe we bottomed out on Sep 6th, 2024, at a price just below $54K. Since then, we have been stair stepping up with higher highs and higher lows ...

Yes I see that extended updraft, and the peak at $69k broke the short term stairstep which made me comment above that perhaps BC had broken out of it's downward pattern. I'm still unconvinced it has changed direction though, the Sep-6 to Oct-21 run is not too dissimilar from the May-2 to June-6 run and I'm thinking the July 29 peak at $68k was simply a peak that didn't reach full potential. If it had it would have eclipsed the recent $69k one.

We tapped all-time highs today in BTC. We will probably get a quick downturn so the exchanges can collect money from all the newly leveraged longs, then we will be in uncharted bullish waters.

I'd compare BTC to AU, but I'll spare you the embarrassment.

BTW NVIDIA and X are putting the worlds biggest supercomputer in Tennessee. NVIDEA well be around for awhile.

Peace

[theluckycountry]

We tapped all-time highs today in BTC. We will probably get a quick downturn so the exchanges can collect money from all the newly leveraged longs, then we will be in uncharted bullish waters.

Bullish Waters? What evidence is there for that?

Technical Analysis
Bear flag

This short-term bearish pattern occurs when a longer-term downtrend briefly rebounds. It can help determine whether the stock's descent is over or will continue, and it typically takes from five days to three weeks to form.

https://www.schwab.com/learn/story/3-be ... g-patterns

I'd compare BTC to AU, but I'll spare you the embarrassment.

There is no comparison between BC and Gold. They only seem similar in the eyes of the (small herd) because BC was marketed with the image of a Gold coin. Real Wealth, Farmland, Gold, good mineral deposits, all rise slowly over time and don't give up their gains. You, like most Westerners, are scope locked on digital Bubble assets (the new, New economy) They always fail in the end.

This might be your last chance to bail out, like Musk is bailing out according to the insider info. Take whatever small profit you've made and run. There's a downturn coming and all digital assets (including property) will be hammered. After that it will be another cyclical commodity boom.

[careinke]

We tapped all-time highs today in BTC. We will probably get a quick downturn so the exchanges can collect money from all the newly leveraged longs, then we will be in uncharted bullish waters.

Bullish Waters? What evidence is there for that?

Technical Analysis
Bear flag

This short-term bearish pattern occurs when a longer-term downtrend briefly rebounds. It can help determine whether the stock's descent is over or will continue, and it typically takes from five days to three weeks to form.

https://www.schwab.com/learn/story/3-be ... g-patterns

I'd compare BTC to AU, but I'll spare you the embarrassment.

There is no comparison between BC and Gold. They only seem similar in the eyes of the (small herd) because BC was marketed with the image of a Gold coin. Real Wealth, Farmland, Gold, good mineral deposits, all rise slowly over time and don't give up their gains. You, like most Westerners, are scope locked on digital Bubble assets (the new, New economy) They always fail in the end.

This might be your last chance to bail out, like Musk is bailing out according to the insider info. Take whatever small profit you've made and run. There's a downturn coming and all digital assets (including property) will be hammered. After that it will be another cyclical commodity boom.

Geez, you like to live in the last century, and we are almost a quarter through the present one. I'm making triple the money you are with gold. Have fun staying poor.

Peace

[theluckycountry]

Geez, you like to live in the last century, and we are almost a quarter through the present one. I'm making triple the money you are with gold. Have fun staying poor.

Poor? Poor people don't invest in Gold inki, they buy out of their abundance, as a hedge against bad times. It's basically to protect their other assets. This is one of the fundamentals of Gold investment, then there are the rules, how much to allocate, when to buy, where to store it, etc etc.

When ever they say "this time it's different, you can throw out the rule book" wise investors reach for their revolvers. And do you know why wise investors prefer revolvers? Because they can't jam, if you get a misfire you just keep pulling the trigger.

You're a modern investor Inke, you have no rule book, all you see is Unlimited gains forever more, like Bernie madoff's investors


This an old Roman settlement, nothing of value left side from the tourist attraction aspects.



This is a find of old Roman coins

The ministry did not place a value on the coins. But reports in the Italian media suggest they could be worth millions of dollars.

https://edition.cnn.com/style/article/r ... index.html

[theluckycountry]

For those reading that are tempted to delve into BC (doubtful at this stage) Lets recap shall we.

Madoff – A 21st Century Ponzi Scheme

Bernard Madoff perpetrated a multi-billion dollar scam that defrauded investors around the world for decades until his arrest in December 2008. Madoff’s fraud led many to financial ruin and his name is now synonymous with what many consider one of the largest Ponzi schemes in history.

What every investor should know is that Ponzi schemes, even as extensive as Madoff’s, are not too difficult to detect if you know the warning signs. A few simple actions can help investors sidestep the potentially devastating impact of a classic Ponzi scheme.

What is a Ponzi Scheme?

The “Ponzi Scheme,” named after the 1920’s swindler Charles Ponzi, is a ploy where earlier investors are paid with funds given by subsequent investors. In a Ponzi scheme, claims of underlying investments are bogus; very few, if any, actual physical assets or financial investments exist. As the number of total investors grows and the supply of potential new investors dwindles, there is not enough money to pay off promised returns and cover investors who try to cash out...

The Madoff Case

For decades, Madoff investors received consistent and steady annual returns through elaborate, fabricated account statements and other documentation that were provided to investors to convince them that their money had been placed in actual investments. The investments “appeared” legitimate, especially to people receiving payments. But in reality, there were no actual investments and no actual returns. Madoff paid the initial investors “returns” with money provided him by a steady flow of new investors.

In 2008, as the global economy began to decline, large numbers of Madoff investors needed money and began asking to cash in their investments. That’s when Madoff’s Ponzi scheme burst – he did not have enough money to cover his investors’ requests and new investor money was hard to be found in the economic downturn.

How to Protect Against Ponzi Schemes

Beware of promises of unrealistic returns. This is perhaps the easiest way to spot a Ponzi scam. Any legitimate investment involves risk. Guarantees of unrealistically high returns are a clear warning sign.

https://www.nasaa.org/4303/madoff-a-21s ... zi-scheme/

The parallels between Madoff's scheme and Bitcoin are remarkable!

# underlying investments are bogus; very few, if any actual physical assets or financial investments exist.

What underlies BC? Nothing, Zero, Zilch. It's basically 20 million different digital codes that you could generate yourself with simple software and fit on a flash drive. Which is exactly what the creator did. The Magic is that 'they' convinced millions of people to believe that each digital string will make them rich. Old investors are paid as new investors come in and buy their coins. As long as there is an ever growing number of new investors the price will go up and the early ones will be paid.

# investors received consistent and steady annual returns through elaborate, fabricated account statements

Well the returns on BC are not steady but they are remarkable. And since the whole thing is anonymous, with "wallets" held by unknown entities moving BC around at will there is no accountability. Certainly there is accountability on the chain, you can see the cups moving and there is always 3, but what's under them and who controls them no one knows. All you really know is what some of the big players tell you in the media, and even then there is no guarantee that they are doing as they say.
Michael Saylor for example cashed out hundreds of millions of his stock in MicroStrategy to privately buy BC. The stock sales are a matter of Legal record, the BC purchases are not and are anonymous. He could have put that money in a Cayman's account for all anyone knows.

#Beware of promises of unrealistic returns. This is perhaps the easiest way to spot a Ponzi scam.

Well that sums it up nicely. The hodlers believe BC will go to the moon and give them a life of luxury while all around them will be poor. Average people believing they will be millionaires just by holding a few digital codes backed by nothing tangible?

No other class of investors believes this BTW. Not stock holders, not Gold owners. We simply believe that our money will make modest gains and be there when we need it, in our retirement. Gold has had an annual return of around 32% pa. over the last 20 years, but my last purchases have only gone up 20% pa. That's still a generous return though, for a safe monetary asset. We won't get rich but we certainly won't be poor.

Beware Greed!

[AdamB]

For those reading that are tempted to delve into BC (doubtful at this stage) Lets recap shall we.

Just because a jackass brays doesn't mean the other farm animals listen. Of course, in your social circles, mindless obedience is to be expected, so go sell your barnyard level of understanding to your buddies.

[careinke]

For those reading that are tempted to delve into BC (doubtful at this stage) Lets recap shall we.

Madoff – A 21st Century Ponzi Scheme

Bernard Madoff perpetrated a multi-billion dollar scam that defrauded investors around the world for decades until his arrest in December 2008. Madoff’s fraud led many to financial ruin and his name is now synonymous with what many consider one of the largest Ponzi schemes in history.

What every investor should know is that Ponzi schemes, even as extensive as Madoff’s, are not too difficult to detect if you know the warning signs. A few simple actions can help investors sidestep the potentially devastating impact of a classic Ponzi scheme.

What is a Ponzi Scheme?

The “Ponzi Scheme,” named after the 1920’s swindler Charles Ponzi, is a ploy where earlier investors are paid with funds given by subsequent investors. In a Ponzi scheme, claims of underlying investments are bogus; very few, if any, actual physical assets or financial investments exist. As the number of total investors grows and the supply of potential new investors dwindles, there is not enough money to pay off promised returns and cover investors who try to cash out...

The Madoff Case

For decades, Madoff investors received consistent and steady annual returns through elaborate, fabricated account statements and other documentation that were provided to investors to convince them that their money had been placed in actual investments. The investments “appeared” legitimate, especially to people receiving payments. But in reality, there were no actual investments and no actual returns. Madoff paid the initial investors “returns” with money provided him by a steady flow of new investors.

In 2008, as the global economy began to decline, large numbers of Madoff investors needed money and began asking to cash in their investments. That’s when Madoff’s Ponzi scheme burst – he did not have enough money to cover his investors’ requests and new investor money was hard to be found in the economic downturn.

How to Protect Against Ponzi Schemes

Beware of promises of unrealistic returns. This is perhaps the easiest way to spot a Ponzi scam. Any legitimate investment involves risk. Guarantees of unrealistically high returns are a clear warning sign.

https://www.nasaa.org/4303/madoff-a-21s ... zi-scheme/

The parallels between Madoff's scheme and Bitcoin are remarkable!

# underlying investments are bogus; very few, if any actual physical assets or financial investments exist.

What underlies BC? Nothing, Zero, Zilch. It's basically 20 million different digital codes that you could generate yourself with simple software and fit on a flash drive. Which is exactly what the creator did. The Magic is that 'they' convinced millions of people to believe that each digital string will make them rich. Old investors are paid as new investors come in and buy their coins. As long as there is an ever growing number of new investors the price will go up and the early ones will be paid.

# investors received consistent and steady annual returns through elaborate, fabricated account statements

Well the returns on BC are not steady but they are remarkable. And since the whole thing is anonymous, with "wallets" held by unknown entities moving BC around at will there is no accountability. Certainly there is accountability on the chain, you can see the cups moving and there is always 3, but what's under them and who controls them no one knows. All you really know is what some of the big players tell you in the media, and even then there is no guarantee that they are doing as they say.
Michael Saylor for example cashed out hundreds of millions of his stock in MicroStrategy to privately buy BC. The stock sales are a matter of Legal record, the BC purchases are not and are anonymous. He could have put that money in a Cayman's account for all anyone knows.

#Beware of promises of unrealistic returns. This is perhaps the easiest way to spot a Ponzi scam.

Well that sums it up nicely. The hodlers believe BC will go to the moon and give them a life of luxury while all around them will be poor. Average people believing they will be millionaires just by holding a few digital codes backed by nothing tangible?

No other class of investors believes this BTW. Not stock holders, not Gold owners. We simply believe that our money will make modest gains and be there when we need it, in our retirement. Gold has had an annual return of around 32% pa. over the last 20 years, but my last purchases have only gone up 20% pa. That's still a generous return though, for a safe monetary asset. We won't get rich but we certainly won't be poor.

Beware Greed!

Damn, you sound like Kamala spewing ridiculous word salads that mean nothing. You make it sound like sinister people are running BTC, when in fact it's a simple computer program which keeps track of all the BTC, not a human. Look it up, search for "BTC White Paper." I already know you won't because it is a whole 21 pages long and includes a few words you may have to look up.

Can you show me ANY fabricated BTC account statements on the BTC Blockchain? Good luck, once a block is added (around every ten minutes) it NEVER changes, yet remains viewable by all, even you. Kind of hard to make a PONZI scheme with those parameters.

Also, could you please show me how you can buy one BTC and get more than one BTC back? Every time I buy Sats it always stays the same number of Sats. Seems the opposite of a PONZI. Any amount of BTC is ALWAYS the same amount of BTC you bought. Granted, there are ways you can loan out your BTC and be paid interest in BTC. However, when you do that, you no longer "own" the BTC the person you loaned the BTC actually owns it, (Not your keys, not your BTC). It's sort of like when you buy a bond, you no longer own the FIAT you own a bond instead. Works the same way if you buy a gold ETF, a BTC ETF, or keep your BTC on an exchange.

Further on in your nonsensical diatribe you state:

# investors received consistent and steady annual returns through elaborate, fabricated account statements

Huh? Where are those? The program does none of that. Please give an example. If true, I am missing out! I've held BTC over ten years and NEVER been sent any annual returns.

While I am ranting, can you please tell me how much gold exists? I know it is currently being mined around 2% of the total available supply a year. What would happen to the AU price if a large amount of gold was discovered, say a quarter of today's current supply. I might add mining AU comes with the added expense of HUGE degradation to the environment. But the supply continually grows in a PONZIsh way. Only 21 million BTC will ever exist, and your imaginary Ponzi schemer's will never be able to change that.

I know you are obsessed with Ponzi's, allow me to point you to more productive areas to find real Ponzi's. Start with Govt Bonds, Diamond sales, Banks, and the biggest Ponzi of them all, FIAT inflation.

Enjoy becoming poor, the choice is always your own. "Everyone buys BTC at the price they deserve."

Peace

[theluckycountry]

You're running out of time Inke

[theluckycountry]

Damn, you sound like Kamala spewing ridiculous word salads that mean nothing.

Nothing to you, but my post wasn't directed at you. Did you think this thread was your personal BC advertising spot?

You make it sound like sinister people are running BTC, when in fact it's a simple computer program which keeps track of all the BTC, not a human. Look it up, search for "BTC White Paper." I already know you won't because it is a whole 21 pages long and includes a few words you may have to look up.

I have read it, and it perfectly represented BC in 2010 when people were trading it peer to peer for pizzas and whatnot. But that was before the corporations and wall street took control inke, before the BC ETF's got involved. The "simple computer program" is one thing, the pump and dump schemes of wall street and the whales who hoard it are another matter entirely. But hey, your president holds a White House event where he goes around sucking babies feet, politics and pedophilia are legitimate in your nation so why not investment vehicles and ponzi schemes?

President Joe Biden went on a baby-biting binge at a White House Halloween party on Wednesday night, leaving the internet collectively mortified. https://www.zerohedge.com/political/lam ... ween-party

It's ok inke, you can deny this too, because it's a zerohedge story