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GreenvilleVT

Joined: 08/31/2007 Posts: 11342
Likes: 12088


Every past episode of pumping up an asset


Class with no untrinsic value is dependent on promotion so more investors will come and buy those assets at a higher price. Unfortunately crypto is not a currency. It’s an investment. And an investment dependent on someone else paying more than you to get the bet to pay off.

It offers no ownership in cash flow, earnings or assets.

And the minute the central banks and governments get tired of it circumventing their financial and regulatory system they’ll stop the ride.

(In response to this post by vt90)

Posted: 06/04/2021 at 12:17PM



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Current Thread:
  You referring to Will Stewart? ** -- Hokebury 06/04/2021 1:43PM
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  Every past episode of pumping up an asset -- GreenvilleVT 06/04/2021 12:17PM
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  I bought a stock called Vitria in the late 90s. -- RoswellGAHokie 06/04/2021 09:32AM
  I have a doctorate in that unfortunately. ** -- vt90 06/04/2021 09:17AM
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  Amc is a wrap for this week ** -- typed by ben 06/04/2021 09:34AM

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