Crypto Blood Bath

Jug

Jug

Elder Lister
Crypto for the past 24 hrs imeonyesha investors vumbi BTC from 20,000+ high to 17,000 and still tanking jana na leo market ni RED
 
Came across a video on YouTube KSi saying he lost millions on crypto and other stories .
It’s a tricky game this crypto .
In my opinion it is still a pyramid scheme .
 
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Anglututu said:
Came across a video on YouTube KSi saying he lost millions on crypto and other stories .
It’s a tricky game this crypto .
In my opinion it is still a pyramid scheme .
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Mkisema ati ni pyramid scheme sisi sasa ndio tunanunua. Time is the only variable. Buy low, sell high.
 
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Denis Young said:
Mkisema ati ni pyramid scheme sisi sasa ndio tunanunua. Time is the only variable. Buy low, sell high.
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It still does not change the reality that it is a pyramid scheme that will collapse at some point with real victims, most of them clueless about what they were getting into. A few get in knowingly, but the majority are just following trends.
 
upepo said:
It still does not change the reality that it is a pyramid scheme that will collapse at some point with real victims, most of them clueless about what they were getting into. A few get in knowingly, but the majority are just following trends.
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Are there no 'victims' in stocks? In forex? Continue calling it a pyramid scheme when it is evolving and getting more mainstream.
 
Denis Young said:
Are there no 'victims' in stocks? In forex? Continue calling it a pyramid scheme when it is evolving and getting more mainstream.
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Hehehe. It will never ever get mainstream. And you cannot compare it to stocks or forex because it is not backed by any real assets. I would say it is closer to betting than any other form of investment.
 
upepo said:
Hehehe. It will never ever get mainstream. And you cannot compare it to stocks or forex because it is not backed by any real assets. I would say it is closer to betting than any other form of investment.
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You know the funny thing about people is that they just don't want to reason. But it's fine, I also see many people claim they trade in this funny thing but some of them just talk for the sake.

In economics currency must be backed up by goods and services, no two ways about it. Any other currency is a pyramid scheme.
 
These hacks/scams/risky bets have brought unwanted attention to the crypto. Development of the tech may now be hindered by govt regulation.

Maybe it should have remained underground until it was ready
 
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