Crypto currency (IF banned from CA)

[Goat]

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

Let me explain in simple terms.

People buy in, then people who bought in early sell, they make money from the people who buy in later.

Its a classic ponzi scheme.

 

[Goat]

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.

You just played yourself dawg.

No further questions your honour.

 

[DuuuncanHadaPigeon]

Let me explain in simple terms.

People buy in, then people who bought in early sell, they make money from the people who buy in later.

Its a classic ponzi scheme.

No let me explain in simple terms, it really is very simple.

A ponzi scheme requires a central entity to issue the profits. do you understand that?

In BTC or HEX there is no central entity dishing out rewards. In FTX or Celsius, there is, which is why I call them a ponzi.

if I am wrong, then just tell me who is the central person/manager whatever you call it, that dishes out the profits to old investors in BTC or HEX?

 

[Goat]

No let me explain in simple terms, it really is very simple.

A ponzi scheme requires a central entity to issue the profits. do you understand that?

In BTC or HEX there is no central entity dishing out rewards. In FTX or Celsius, there is, which is why I call them a ponzi.

if I am wrong, then just tell me who is the central person/manager whatever you call it, that dishes out the profits to old investors in BTC or HEX?

To make it simple, I can use your own words mate.

but the vast vast majority comes from more people buying than selling.

Thats where the profits come from.

Classic pyramid/ponzi system.

I dont expect you to get it mate, you are too deep, but 1 day you will climb out, I will pray for you my blue brother.

 

[Moomin]

No let me explain in simple terms, it really is very simple.

A ponzi scheme requires a central entity to issue the profits. do you understand that?

In BTC or HEX there is no central entity dishing out rewards. In FTX or Celsius, there is, which is why I call them a ponzi.

if I am wrong, then just tell me who is the central person/manager whatever you call it, that dishes out the profits to old investors in BTC or HEX?

I'm going to suggest for HEX it might be the creator Richard " Heart " aka the Spam King.

 

[SerenityNigh]

No let me explain in simple terms, it really is very simple.

A ponzi scheme requires a central entity to issue the profits. do you understand that?

In BTC or HEX there is no central entity dishing out rewards. In FTX or Celsius, there is, which is why I call them a ponzi.

if I am wrong, then just tell me who is the central person/manager whatever you call it, that dishes out the profits to old investors in BTC or HEX?

hey, some of it could just be a bubble, in which the valuation temporarily is extremely high but the underlying asset is still worthless (or maybe just worth less than the temporary spike).

sometimes it's hard to tell the difference between a normal bubble and a ponzi scheme until the post mortem. FTX was absolutely a ponzi scheme. bitcoin was probably just a bubble. still time to figure out which kind of ruination hex will be.

 

[DuuuncanHadaPigeon]

To make it simple, I can use your own words mate.


Thats where the profits come from.

Classic pyramid/ponzi system.

I dont expect you to get it mate, you are too deep, but 1 day you will climb out, I will pray for you my blue brother.

Nope.

Right the price of anything, houses/gold/stocks/crypto only goes up when more people are buying than selling.

A Ponzi requires a central entity to issue the rewards. That is a fact.

I am agreeing with you FTX and Celsius are Ponzi schemes as they have a central entity.

BTC and HEX do not have that central entity therefore not a Ponzi.

Can't be bothered typing the same thing again, have a good weekend mate.

 

[DuuuncanHadaPigeon]

hey, some of it could just be a bubble, in which the valuation temporarily is extremely high but the underlying asset is still worthless (or maybe just worth less than the temporary spike).

sometimes it's hard to tell the difference between a normal bubble and a ponzi scheme until the post mortem. FTX was absolutely a ponzi scheme. bitcoin was probably just a bubble. still time to figure out which kind of ruination hex will be.

I agree, FTX and nearly all exchanges are Ponzi's.

I agree Bitcoin is probably a bubble, it's at the end of its s curve for adoption.

I agree, time will tell with hex. It is still very early.

 

[Goat]

Nope.

Right the price of anything, houses/gold/stocks/crypto only goes up when more people are buying than selling.

A Ponzi requires a central entity to issue the rewards. That is a fact.

I am agreeing with you FTX and Celsius are Ponzi schemes as they have a central entity.

BTC and HEX do not have that central entity therefore not a Ponzi.

Can't be bothered typing the same thing again, have a good weekend mate.

And you mate.

 

[SerenityNigh]

Nope.

Right the price of anything, houses/gold/stocks/crypto only goes up when more people are buying than selling.

A Ponzi requires a central entity to issue the rewards. That is a fact.

I am agreeing with you FTX and Celsius are Ponzi schemes as they have a central entity.

BTC and HEX do not have that central entity therefore not a Ponzi.

Can't be bothered typing the same thing again, have a good weekend mate.

seriously mate, what the actual do you believe this?

 

[chicoazul]

HEX is a Ponzi? Why do people play about with these pretend monies and act like Wolf Of Wall St?

It’s disgusting cosplay and these goth edgelords MUST be bullied to take them back to the dark places they came from.

Also save little humans everywhere: BAN crypto.

 

[LinekersLegs]

 

[chicoazul]

Every time it dies down a bit on here Legs just casually pops up with a truckload of butane for the fire.

We’re all just messing about but she proper hates crypto goths doesn’t she?

 

[DuuuncanHadaPigeon]

Most likely people close to SBF getting their money out and blaming it on a hack. They are scum.

 

[DuuuncanHadaPigeon]

seriously mate, what the actual do you believe this?

Say the spot BTC price, if there is $1 million buy pressure but only $500,000 sell pressure the price goes up