Michael Saylor is a fool= any rallies are to be SOLD!!
Anyone buying Bitcoin is a fool. It has NO INTRINSIC VALUE! Michael Saylor's Microstrategy has gambled billions of borrowed dollars on this garbage which has dwarfed the companies earnings against it's Bitcoin losses. Bitcoin is going to ZERO! It will NEVER EVER EVER replace the US Dollar. The US Government would ban it as contraband first. They allow it's existence solely to TAX the profits from the pump and dump scam. Bitcoin will ultimately bankrupt this company and it's delusional leader!
Bitcoin The greater fool theory in play here....... Bitcoin is one of over 12,000 shitcoins
The old adage: "If you believe that I have a bridge to sell you". 20 years from now it'll be replaced by: "If you believe that I have some Bitcoin to sell you".
The difference between the bridge and Bitcoin; the bridge has value, can be seen, touched, dismantled, recycled, can be turned into a toll bridge and produce income. Bitcoin is fiat, intangible, has no value, backed by nothing, tracks nothing, is nothing but a giant pump and dump global scam. Can it go higher? Sure! However, that makes it no more relevant as an investment than a lottery ticket. Today there are over 13,000 alt coins in the Crytpo market, all purporting the same level of "scarcity".
With the Federal Reserve printing currency and monetizing deficits by the tens of trillions there will be a dollar crisis and a Great Depression 2 in my lifetime. Since 1971 the US dollar which is pure fiat, backed by nothing and sooner than later will collapse when kicking the can down the road no longer is sustainable we will have to pay the piper. I hear people demanding more stimulus, the same people who are complaining about the cost of everything spiking and supply shortages. Well, DUH! You give people free money they're going to spend it causing artificial demand on a constrained supply chain. This is a direct result of the inflation courtesy the Federal Reserve. Inflation is money printing.
The Bitcoin= BITCON community has a compelling well thought out intricate intelligent theorem articulating why the US dollar will ultimately collapse, but where they are sorely mistaken is the US dollar will never be replaced by more fiat, especially something as volatile as this scam which can fluctuate 30 percent in hours . The gold standard will return once the US dollar collapses. BITCON pumpers purport the Federal Reserves of the world will be "forced" to buy Bitcoin, what a JOKE!!! They will never buy BITCON or any crypto currency. The US government (and world governments) will NEVER relinquish control, they will simply regulate BITCON out of existence if they feel in any way it could threaten their control over their respective collapsing currencies. Bitcoin and other crypto currencies- block chain fiats will be summarily shut down like Parler.
Bitcoin the CON has no uses, is not tangible, is expensive and inconvenient to exchange, is volatile, can be digitally hacked, lost or stolen and is going up for one reason. GREED!! Every gambler who is purchasing it in hopes to unload on an even larger sucker.
Bitcoin The greater fool theory in play here....... Bitcoin is one of over 12,000 shitcoins
The old adage: "If you believe that I have a bridge to sell you". 20 years from now it'll be replaced by: "If you believe that I have some Bitcoin to sell you".
The difference between the bridge and Bitcoin; the bridge has value, can be seen, touched, dismantled, recycled, can be turned into a toll bridge and produce income. Bitcoin is fiat, intangible, has no value, backed by nothing, tracks nothing, is nothing but a giant pump and dump global scam. Can it go higher? Sure! However, that makes it no more relevant as an investment than a lottery ticket. Today there are over 13,000 alt coins in the Crytpo market, all purporting the same level of "scarcity".
With the Federal Reserve printing currency and monetizing deficits by the tens of trillions there will be a dollar crisis and a Great Depression 2 in my lifetime. Since 1971 the US dollar which is pure fiat, backed by nothing and sooner than later will collapse when kicking the can down the road no longer is sustainable we will have to pay the piper. I hear people demanding more stimulus, the same people who are complaining about the cost of everything spiking and supply shortages. Well, DUH! You give people free money they're going to spend it causing artificial demand on a constrained supply chain. This is a direct result of the inflation courtesy the Federal Reserve. Inflation is money printing.
The Bitcoin= BITCON community has a compelling well thought out intricate intelligent theorem articulating why the US dollar will ultimately collapse, but where they are sorely mistaken is the US dollar will never be replaced by more fiat, especially something as volatile as this scam which can fluctuate 30 percent in hours . The gold standard will return once the US dollar collapses. BITCON pumpers purport the Federal Reserves of the world will be "forced" to buy Bitcoin, what a JOKE!!! They will never buy BITCON or any crypto currency. The US government (and world governments) will NEVER relinquish control, they will simply regulate BITCON out of existence if they feel in any way it could threaten their control over their respective collapsing currencies. Bitcoin and other crypto currencies- block chain fiats will be summarily shut down like Parler.
Bitcoin the CON has no uses, is not tangible, is expensive and inconvenient to exchange, is volatile, can be digitally hacked, lost or stolen and is going up for one reason. GREED!! Every gambler who is purchasing it in hopes to unload on an even larger sucker.
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