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I just bought $200,000 of Bitcoin


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On 2/15/2022 at 4:41 PM, sirineou said:

As far as I can tell , it is pyramid scheme dependent on the greater fool theory, 

Schemes like that work well until there is no greater fool and you are the greater fool. 

No doubt you are bitter for missing out buying bitcoin early??

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6 hours ago, davidst01 said:

No doubt you are bitter for missing out buying bitcoin early??

So what you are saying is that those who bought early will be rewarded, but not us late-comers because we hesitated for too long? Right, that does not at all sound like a pyramid scheme… ????

Edited by lkn
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2 hours ago, lkn said:

So what you are saying is that those who bought early will be rewarded, but not us late-comers because we hesitated for too long? Right, that does not at all sound like a pyramid scheme… ????

No fiat is pyramid scheme.

 

Coins are more like shares. Apple shares were cheap 20 years ago.

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5 hours ago, lkn said:

So what you are saying is that those who bought early will be rewarded, but not us late-comers because we hesitated for too long? Right, that does not at all sound like a pyramid scheme… ????

It's late for bitcoin because now it's old technology compared to the next generation blockchain and dag technology.

So buying bitcoin now imho may result in gains if you buy at the right time but it's not going to lead to life changing wealth like it used to. 

Others may argue that it's a digital store of value but where is the value?

At least Gold and silver can be used for things.

Now the newer technology has the potential to make you very rich but don't trust anyone on the internet.

Do your own research!

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19 minutes ago, Sametboy2019 said:

but don't trust anyone on the internet.

Never a truer word spoken. The truth is no one knows will it go up, down or stay the same. Today, tomorrow and in the future.

 

The best arrow one can have in one's quiver is scepticism.

Edited by Whale
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