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Crypto currency (IF banned from CA)


You really haven't thought this through.

If they sold them phones at a profit they would have a massive bank balance which investors love.

A new Crypto currency doesn't really offer me a product or a service it will only make me a profit if more people buy into it causing the price to increase ergo a ponzi scheme.
No you haven't thought it through. My point is simple. The price of apple stock or any stock is mostly driven through speculation. If they sold a trillion phones, but no one bought or sold the stock the price would remain exactly the same.

TSLA is a perfect example, completely over valued, the price is/was so high due to sheer speculation.

A Ponzi needs to have a central entity running the show, so I'll ask again who is the central party in bitcoin that is paying old investors with new people's money? Is it satoshi?

It just a highly volatile asset that people speculate on, simple, it has two functions send and mine, that's it.

Btw I have said in this thread many times how I think bitcoin is rubbish and don't own any.
It's ded simple, you all hate it and are convinced it's a ponzi that will go to zero, short it then!
 
No you haven't thought it through. My point is simple. The price of apple stock or any stock is mostly driven through speculation. If they sold a trillion phones, but no one bought or sold the stock the price would remain exactly the same.

TSLA is a perfect example, completely over valued, the price is/was so high due to sheer speculation.

A Ponzi needs to have a central entity running the show, so I'll ask again who is the central party in bitcoin that is paying old investors with new people's money? Is it satoshi?

It just a highly volatile asset that people speculate on, simple, it has two functions send and mine, that's it.

Btw I have said in this thread many times how I think bitcoin is rubbish and don't own any.
It's ded simple, you all hate it and are convinced it's a ponzi that will go to zero, short it then!

Stop for a min and think about it.

If Apple was selling millions of Iphones for huge profit and had massive cash reserves due to them sales what do you think they would do with that money?

I will give you a hint, the likes of BP and Shell are making massive profits with the recent energy crisis and take a guess what they are doing?
 

Stop for a min and think about it.

If Apple was selling millions of Iphones for huge profit and had massive cash reserves due to them sales what do you think they would do with that money?

I will give you a hint, the likes of BP and Shell are making massive profits with the recent energy crisis and take a guess what they are doing?
Stock buy backs generally account for small % of price appreciation as do dividends. Majority is speculation. In exceptional times like energy crisis now or apple selling a trillion phones sure.

Who is head of bitcoin Ponzi btw?

If you want to see what a real crypto Ponzi looks like check out bitconnect
 
Stock buy backs generally account for small % of price appreciation as do dividends. Majority is speculation. In exceptional times like energy crisis now or apple selling a trillion phones sure.

Who is head of bitcoin Ponzi btw?

If you want to see what a real crypto Ponzi looks like check out bitconnect

I've not called BTC a ponzi, that has some logic and I would have loved to invest years back when people i knew done it.

It's all the new ones which have started, they have seen a glimpse and then peddled a dream.
 
Stock buy backs generally account for small % of price appreciation as do dividends. Majority is speculation. In exceptional times like energy crisis now or apple selling a trillion phones sure.

Who is head of bitcoin Ponzi btw?

If you want to see what a real crypto Ponzi looks like check out bitconnect
Please give it its proper name. Waso waso waso wassup Bitconnnneeeecttttt
 

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