Reply to Am I Being Scammed?

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[quote=Anonymous][quote=Anonymous]I don't understand why OP would spend $40K on this. A few IQ points is marginal lifetime benefit compared to putting in Bitcoin now before it shoots to the moon. [/quote]

I think Bitcoin is a scam tbh. This says a lot coming from me because everyone else on here seems to think I am very foolish or crazy. I'm not sure if you are being serious about this comment, but I want one of the Bitcoin bros to explain to me why it makes sense that Bitcoin can continue to appreciate rapidly when the market cap is already around a trillion dollars. The market cap of the global equity market is around 130 trillion. At least equities provide ownership in the potential future profits of a company. Bitcoin is more like owning a gold bar, except you cannot actually use it to make electronics or jewelry, and it consumes a lot of electricity. So if anything the intrinsic value is even worse than precious metals. It does not seem reasonably plausible to me that Bitcoin go to the moon again and even come close to exceeding the value of the entire global stock market. I think it is more likely that Bitcoin will become the 21st century version of tulip mania than a decentralized currency that replaces the US dollar. [/quote]

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