Post
Topic
Board Bitcoin Discussion
Re: Has Bitcoin FAILED?
by
Samthehero
on 27/12/2020, 14:12:12 UTC
The wall street bitcoin pump continues. Since this is a zero sum game, someone is gonna be left holding the bag laden with big losses. You know, wall street used to do this in the good old days as well. A 100 years ago the big wall street brokers used to get togheter and agree on pumping some blue chip  stock, then they would dump on retail investors. Pump & Dump has been around for a very long time and is alive and kicking today as well.

The funny thing is the fact that bitcoin isn't even any good by todays crypto standards. If bitcoin came out NOW as a NEW cryptocoin, crypto enthusiasts would laugh their asses off and call it slow, inferior and insecure compared to the best cryptotech we have in 2020. Put simply, just a shitcoin.
Most people here tell a story of bitcoin not failing because the price is rising, there is no correlation there, what will the same people say if the price drops hard?

Go figure, it's a crazy world out there.

 Cheesy Cheesy Cheesy

Why do you think it is a zero sum game. Bitcoin will always retain some value.