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Reply to "crypto investing - do it or no?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As a financial regulator with 25 years of experience, my personal view is that crypto is a massive ponzi scheme and the only reason it keeps going up is FOMO. Crypto investors have to encourage other crypto investors or their investments won't go up. It has no intrinsic value. It's only used for scams, crime, and speculative investment. I truly hope it goes the way of the tulip bulb. At least a tulip bulb could be planted and grow into a pretty flower. Crypto just sucks energy and permits so many innocent people to be scammed and human trafficked. I'm a "no".[/quote] No way would a financial regulator wright something like that. Had I listened to you 5 years ago, I'd still be working. The ones who will listen to you now, will still be working 5 years from now and call everyone else lucky. USD is a sponzi scheme and working for 45 years is a ponzi. [/quote] I’m always surprised by the anger and Petronas of bitcoin millionaires, they never have to work againand life is great, yet they are always defensive trying to impel others to buy, and their favorite catchphrase is essentially “good luck being poor” https://markets.businessinsider.com/news/currencies/terra-usd-ust-luna-do-kwon-poor-critics-crypto-crash-2022-5[/quote]
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