Hello everybody. To some extent, we can say that people have become "greedier". But it fits perfectly into human nature. As clever people say, "a fish is looking where it is deeper, and a person is looking where it is better." So here, while a person is alive - it is quite normal that a person has received something for free (after all, the cost of Bitcoin started from absolute zero) - having come to a price of 50K, he wants even more.
There is no such thing as a free lunch
Bitcoin cultists seem think all is free; Always looking for that free 'air-drop'
Just like free stimmy-checks to the moon, thank uncle joe
Parents want a better life for their spawn, normally the 16-32 year old crowd is the most easily dominated by bullshit of all humans, children are naturally skeptical of bullshit. People who make it past 40, are skeptical of most bullshit.
They shipped your jobs to China before you were ever born. They have told you all along, by the time you reach 62, there will be no social security.
Like sports, of all who play only a small number become super-stars and make the bucks, and get the chicks
Most young people ( under 30 ) today are living at home with parents, unheard of in USA history. Used to be they kicked you out when you finished highschool, an you never came back.
So what choice do they have? Unless you go to a good school, or have the right connections, impossible to get a job a GOOGLE
Baristsa was the thing a few years ago, but now COVID has killed that
So the only thing possible is CRYPTO, however like eToro says on registration "90% lose their principal the first 30 days of tradiing", so then comes HODL, which is the most evil of all, because they're told to buy into the ponzi, and never cash out.
It's all hopeless, and that is what drives the ponzi, but make no mistake the future of the USA is hopeless. Lockdowns are permanent, the system has no intention of return anything to the way it was before, the likes of GATE & the Billionaries like Musk has always been to keep the poor off the streets, to keep the beaches clean for the elite, and the forest trails.
Greedy, no the system has failed its next generation, 'easy riches' are one of the few escapes.
Frankly speaking, YES. People are getting greedier and without even doing 1% of research they start falling for 100% scam projects. This might be a greater risk in the long run because governments will use it as a tactic to put a ban or put more taxes on cryptocurrencies. I understand that the scammers should be the ones who should be held accountable here but the people who just think that their money will get doubled in a month are also accountable. It's greed that is taking over them.
The GOV has been running the Exchanges for a long time, and allowing the scams
Don't ignore the fact that easy takings of cash from weak people is an alternate to taxing the majority.
The police have long had asset forfeiture upheld by the highest courts, even though the cops just share the money for xmas party's, its not like it goes charity, or even the general fund.
Now you have every copy shop in the FED gov hosting or fronting these scam's like COINBASE; Your money is stolen, and there is nothing you can do.
The GOV loves this easy money, and especially all branches of law enforcement.
Sure politicians will speak out, and maybe even penalize the honest BTC holders, make clearly understand that the high level criminals are some of the largest contributors, and are already working with the FBI & IRS.
The argument has been the GOV must operate 'silk-road' to find out who the bad buyers and sellers are, in reality as all know all the cocaine & heroin on earth is controlled by the CIA.
I agree with you on the most simple level, but please remember that the places the GOV shuts down will be the good honest operators, the criminal enterprises have already PAID for PROTECTION.
Hell just the other day FBI paid a SiliconValley firm $5M USD cash to management their stolen BTC fund for the Fed's. The same exchanges that steal normal peoples funds everyday.
[moderator's note: consecutive posts merged]