BITCON: A hoax dressed up as an illusion. No intrinsic value. Price is controlled by whales who incite suckers to play. No understanding of fundamentals required as is most necessary for logical investments - mass appeal. Lends itself to MLM Tupperware type parties - a social mechanism for
So more about Bitcon. Do Uday and Qusay inspire ur confidence? Back in 1900 Bernard Baruch and his associates controlled the stock market. They jacked up prices by buying to attract losers like me and u. They would sell and leave us broke. Eli Whitney invented the cotton gin. This was a major.
Syndicates and leveraged hedge funds. Price is out of sight.
They own real estate. Nobody can afford.
Henry Ford invented mass automation.. This made cars affordable for you and me. Thomas Edison invented many things. All of us did benefit. Russia Funds and Brazil funds were peddled w Big returns in 2007. Now? Housing is terribly cyclical. Difference today is it is controlled by billionaires
Lonely hearts and wannabees - universally attractive. No true security. China and DPRK hack at will. Not a mechanism for exchange. Volatility assures that it wb a loss for one party or the other. No better than pet rocks. History next.