Yummy Nothing Burger
Hello, here we go again spreading your daily FUD.
Just kidding just wanted to spread awareness that Crypto may turn out as nothing Burger. There´s just so much downside potential.
Even 20BN marketcap is alot for a a Industry which has only a niche usecase at best.
Crypto isnt scaleable, is too userunfriendly to go mainstream and POW is eating ridiculous ammounts of energy.
There are 20k+ Coins and 99% are scam / cashgrabs.
Ironically BTC was created after 2008 Crisis, back forward to today we see the same happening that caused the crisis in the first place, insane leverage, hidden risk in complex financial instruments and greed.
Big VC´s like Alameda, Binance even Coinbase etc. are dumping stupid shitcoins on you guys en masse.
Alameda´s SBF isnt even pretending anymore that its all ponzi´s, as you can read/hear in a recent interview with him.
Most people in crypto propably dont care about decentralisation and are only here for the money.
And when there is no product/service/usecase and only speculation than btc is basically worth 0.
Normal Corrections at btc like in 2018/19 are usualy arround -85% , if the bubble pops for real we may see like -98%.
Just because BTC did make new ath´s after the crashes until now doesnt mean it will be like this in the future.
Past performance is not a indicator for future price performance. Dont believe the people that say btc is a sure thing to have success, its not.
Indeed its a very high risk investment and you shouldnt invest money you cant afford to loose.
People make fun of the guy who bought pizza with 10k bitcoin back in the Days, but dont realise thats what bitcoin was supposed to do.
When you subtract this usecase (bitcoin as money) then you got basically nothing left. A nothing Burger.
Always DYOR and dont invest more then you can afford to loose.
Just kidding just wanted to spread awareness that Crypto may turn out as nothing Burger. There´s just so much downside potential.
Even 20BN marketcap is alot for a a Industry which has only a niche usecase at best.
Crypto isnt scaleable, is too userunfriendly to go mainstream and POW is eating ridiculous ammounts of energy.
There are 20k+ Coins and 99% are scam / cashgrabs.
Ironically BTC was created after 2008 Crisis, back forward to today we see the same happening that caused the crisis in the first place, insane leverage, hidden risk in complex financial instruments and greed.
Big VC´s like Alameda, Binance even Coinbase etc. are dumping stupid shitcoins on you guys en masse.
Alameda´s SBF isnt even pretending anymore that its all ponzi´s, as you can read/hear in a recent interview with him.
Most people in crypto propably dont care about decentralisation and are only here for the money.
And when there is no product/service/usecase and only speculation than btc is basically worth 0.
Normal Corrections at btc like in 2018/19 are usualy arround -85% , if the bubble pops for real we may see like -98%.
Just because BTC did make new ath´s after the crashes until now doesnt mean it will be like this in the future.
Past performance is not a indicator for future price performance. Dont believe the people that say btc is a sure thing to have success, its not.
Indeed its a very high risk investment and you shouldnt invest money you cant afford to loose.
People make fun of the guy who bought pizza with 10k bitcoin back in the Days, but dont realise thats what bitcoin was supposed to do.
When you subtract this usecase (bitcoin as money) then you got basically nothing left. A nothing Burger.
Always DYOR and dont invest more then you can afford to loose.
Note
Sorry for the cynism, i think its actually fucking sad how many people will loose alot of money if iam right.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.