BTC monthly:
Worst candle of the bear market.
Problem: There could be an even worse candle.
👀🤔❓ https://t.co/57JftEa3hE
BTC monthly:
Worst candle of the bear market.
Problem: There could be an even worse candle.
👀🤔❓ https://t.co/57JftEa3hE
He’s right you know.
@BTC_broo The people who outperformed BTC are people who bought MSTR when sentiment was like this.
If your yield is based on either
1) Literal stealing from others (dilution)
Or from an assumption :
2) “Bitcoins price appreciation”
You have no answer and the actual answer is that it’s a Ponzi scheme. Diluting others to pay paul is the definition of a Ponzi. Eventually there is nothing to dilute and the house of cards comes down.
Stealing from others is not a business plan it’s fraud. And betting on an asset appreciation in order to pay your debts is fraud too. Because there is nothing math, just hope, and hope is not a business plan.
It was a scam based on Ponzi principals. Change my mind.
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.