Post
Topic
Board Bitcoin Discussion
Re: FUCK! The Bitcoin is dead again. This time for sure.
by
TKeenan
on 27/12/2016, 19:10:41 UTC
investment of over $14 billion

See, that is the problem right there.  Many people here are very unsophisticated.  They can't discern the difference between '$14 Billion investment' and '$14 Billion valuation'. 

Because these very stupid people can't understand these very different concepts, they just keep on buying, and buying.  Thus, we have a 'natural Ponzi scheme'.  Bitcoin offers no utility nor function to anyone.  It is simply a 'buy and hope' speculator's tool.  There is no revenue.  There are no earnings.  It is just a more inflated 'market cap' day after day.  A total Ponzi scheme.