Post
Topic
Board Bitcoin Discussion
Re: THIS CRASH IS DIFFERENT than previous crashes... The FEDERAL RESERVE is why....
by
o_e_l_e_o
on 19/06/2022, 15:44:53 UTC
I'm a big believer in correlation doesn't mean causation
Absolutely. But the similarities are striking. There is an endless stream of people who are looking for the next get rich quick scheme, and a similarly endless stream of scammers who will exploit this mentality. I'd bet that at some point in the next 3-5 years during the next major bull run that NFTs are all but forgotten, and there is some new exciting, shiny, and ultimately completely useless craze which will result in a lot of people losing a lot of money.

Staking in such cases can provide more guaranteed results in terms of investment, usually surpassing 10-15% APY.
Go and ask all the people who were getting 20% returns on Celsius how "guaranteed" their returns are. The fact is that nothing which is offering those ridiculous returns is risk free, as thousands of people have recently found out by losing everything.