Crypto currency (IF banned from CA)

[SerenityNigh]

Its a ponzi scheme.

so disappointing if true, I must be getting old because all the new things are things I've seen before.

at least a lot of the investment banks lost a lot of money buying in late, although this is little solace.

 

[DuuuncanHadaPigeon]

It seems the only way people will make money is if new investors buy in.

It's amazing how cultist people seem online and twitter about which Crypto they back, like supporting a football team.

All the others are fakes but my team is the real deal.

the only way people will make money on anything is if new investors buy in. I only make money on tsla stock if new investors buy in.

I am not cultist, you asked me to explain why HEX is better than say BTC. I replied with a long, detailed list of reasons why. You don't know what you are talking about with crypto (which I don't blame you for, I did a masters on blockchain) yet instead of engaging in good faith and trying to understand something, within about 30 minutes you resort to 'BUY THE DIP' as if it is some sort of gotcha.

 

[Moomin]

I still have never gotten a straight answer on how all of this works, just been told I am stupid. So is it all a ponzi scheme after all? Is it all an asset/security type of investment? Or is this the new age of money? Please type in simple words with a lot of spacing so I can understand.

Its all a ponzi scheme except for the team you support.

Modern day religion for the people who buy into it.

 

[Goat]

so disappointing if true, I must be getting old because all the new things are things I've seen before.

at least a lot of the investment banks lost a lot of money buying in late, although this is little solace.

Its just a cycle.

It goes down, people lose money, it goes up, people claim they have made money, until it crashes again, then they use words like bull run, dip and going to the moon.

 

[DuuuncanHadaPigeon]

Its a ponzi scheme.

centralised exchanges are ponzi schemes, as FTX, Celsius and many others have proven.

Cryptos like BTC and HEX are not ponzis as there is no central entity. A ponzi needs some sort of central authority that gives money to old investors with the money from new investors.

 

[SerenityNigh]

the only way people will make money on anything is if new investors buy in. I only make money on tsla stock if new investors buy in.

I am not cultist, you asked me to explain why HEX is better than say BTC. I replied with a long, detailed list of reasons why. You don't know what you are talking about with crypto (which I don't blame you for, I did a masters on blockchain) yet instead of engaging in good faith and trying to understand something, within about 30 minutes you resort to 'BUY THE DIP' as if it is some sort of gotcha.

businesses generate earnings based on stock value may grow based on their underlying assets. you don't need to swindle new investors to create profit owning part of a business.

 

[SerenityNigh]

Its all a ponzi scheme except for the team you support.

Modern day religion for the people who buy into it.

*give me that old time religion*

 

[Moomin]

the only way people will make money on anything is if new investors buy in. I only make money on tsla stock if new investors buy in.

I am not cultist, you asked me to explain why HEX is better than say BTC. I replied with a long, detailed list of reasons why. You don't know what you are talking about with crypto (which I don't blame you for, I did a masters on blockchain) yet instead of engaging in good faith and trying to understand something, within about 30 minutes you resort to 'BUY THE DIP' as if it is some sort of gotcha.

That's simply not true with regards to TSLA stock.

If they make profit the shareholders will get paid dividends from it.

Do you get dividends from Hex?

 

[Goat]

centralised exchanges are ponzi schemes, as FTX, Celsius and many others have proven.

Cryptos like BTC and HEX are not ponzis as there is no central entity. A ponzi needs some sort of central authority that gives money to old investors with the money from new investors.

A Ponzi scheme (/ˈpɒnzi/, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.

Sounds like crypto to me mate.

 

[SerenityNigh]

Its just a cycle.

It goes down, people lose money, it goes up, people claim they have made money, until it crashes again, then they use words like bull run, dip and going to the moon.

all the money i've made investing is a gold star to me, all the money i've lost is hard-earned wisdom. so it's a win-win except for the bottom line, which is about 4.5% per year.

 

[DuuuncanHadaPigeon]

businesses generate earnings based on stock value may grow based on their underlying assets. you don't need to swindle new investors to create profit owning part of a business.

the majority of price appreciation on any stock comes from speculation. A small portion comes from dividends and buybacks but the vast vast majority comes from more people buying than selling.

 

[PKwalnuts]

good so you will see it is still massively up then

that is 38% in hex terms, it does not gurantee 38% on your gbp and you only get that for the longest stakes. Only ~11% of circulating hex is staked, the inflation which is around 1% is awarded to stakers.

Ah ok so its been around for 3 years, how many years does it take for it to be a scam and the victims appear?

Go after people like FTX and all those actual scam exchanges that are losing billions of normal peoples money. HEX has no victims, it is immutable code no middlemen.

Could it be possible that you are a victim?

 

[Goat]

Could it be possible that you are a victim?

Stockholm syndrome - Wikipedia

en.wikipedia.org

 

[DuuuncanHadaPigeon]

A Ponzi scheme (/ˈpɒnzi/, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.

Sounds like crypto to me mate.

brilliant, played yourself with a dictionary definition.

Who in BTC or HEX is paying the profits? no one is because there is no central entity that runs the show. FTX and Celsius, sure they are ponzis as they are the central entity ripping people off

 

[SerenityNigh]

the majority of price appreciation on any stock comes from speculation. A small portion comes from dividends and buybacks but the vast vast majority comes from more people buying than selling.