Talk of The Villages Florida - View Single Post - Warren Buffett and Bitcoin
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Old 05-15-2022, 06:01 AM
tvbound tvbound is offline
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Quote:
Originally Posted by Boston-Sean View Post
Same as all the other "massive falls". Wait that's not true. Some of the others have been 80 or 90% falls.

So this one is not so bad. So far.
Unlike stocks in companies that actually produce something, or have tangible assets, crypto is nothing more than a pyramid/Ponzi scheme that is basically unregulated at the moment. Once the suckers at the bottom become spooked and regulation moves in - the whole thing falls down. It's happening now.