I sold all of my bitcoin yesterday doubled of what i paid for as i am a stock guy . I took a chance and got lucky but dont feel comfortable with crypto. I wish everyone best of fortune .i like my enb and bce alot
Congrats, good luck! I don’t blame you one bit for taking profits, do whatever you’re comfortable with.
In the end, Bitcoin will one day collapse like all Ponzi schemes do.
The more research I do, the more I hate Bitcoin and think Warren Buffet and Charlie Munger were right when they called it evil, and that it will end badly.
But I’ll take advantage of this Ponzi scheme to make money, because it will change my life.
Bitcoin is worthless. It produces nothing of value. It increases in value exponentially, along with other worthless cryptos. In a few years it will be worth millions without contributing any value to the world, only increasing carbon dioxide snd accelerating global warming from the immense wastefulness it creates to solve pointless calculations.
Again, I am not saying that bitcoin and the technology behind it in itself is a scam. I think it is a wonderful innovation, that, without the Ponzi scheme and wasteful calculation aspect of it ,would be great for society and the financial system.
The longer you are in Bitcoin, the more likely it is that you’re going to be the sucker left holding the bag. I’m washing my hands of this nonsense after this cycle.
Watch this, it’s the best summary of how Bitcoin is a money making scam perpetrated by the rich.
www.forbes.com
