How can you have 145 posts here and still don't understand what a ponzi scheme is or bitcoin or simple market dynamics?
The troll is strong in you my friend....
Judge not by the look of the book but by the content of what it is written.
I did, i checked his profile and posts. He's a new member that probably thinks he missed the boat and it seems he's trying to get into every altcoin he can just to make sure he's one of the early adopters. But that's not the content what was written here, that was the past.
Let's look at what he wrote in this topic. He assumes the only reason people buy bitcoin is to sell it at a higher price than they bought it for. If not the only reason, then the biggest relevant factor.
Of course speculation is part of the adoption curve and will have extremes in both high and low ends, as to be expected.
However, the total neglect of how bitcoin works, it's properties, show me he either has no idea what he's talking about, or he's trolling.
Being so active with altcoins, i assume he has at least a very basic understanding of the properties and potential of the protocol.
No matter the bitcoin value, it's utility is still there. Only speculators care about the price, people that care about 'free' money (as in freedom of speech...) don't. It will remain useful for many many people around the world.
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