The smart monkeys got in on the action and are now living large...
The real smart ones started their own cryptocurrency exchanges using the money from Mom & Dad...
It does take a lot of time to count up all the Monkey Bucks, though...
LOL @ Monkey Business
The smart monkeys got in on the action and are now living large...
The real smart ones started their own cryptocurrency exchanges using the money from Mom & Dad...
It does take a lot of time to count up all the Monkey Bucks, though...
You are in so much trouble :)
1 You buy virtual money with your real money.
2 You put it in your virtual bank account.
3 You buy virtual food, cars, etc, with a virtual credit card
4 You end up starving and walking.
Not really how Bitcoin works. Probably better for describing an exchange like FTX, rather than Bitcoin.
https://chatfieldprivateclient.com/story-bitcoin-monkeys/Not my circus. Not my monkeys. .............
I think the monkeys were in on the scam.
You still don’t understand. But if you’re amused with yourself, I suppose the thrill was cheap enough, even for you.
It’s amazing how people are fooled by a name. “Crypto” tells me nothing and it’s not currency. So what is it?
A gigantic illusion.
It doesn’t.
Momma called the doctor and the doctor said...
I gonna be taken in! I put my retirement money into tulip bulbs!
What makes it even worse is the leveraging of “debt” from other cryptos, like Tether, to buy “bitcoins” at ridiculous high prices.
In this case, the villagers still had monkeys. You can eat a monkey, or train it to pick coconuts. Even the tulip craze, you still had tulips. But the FTX scam shows just what is the end result of all this crypto “investing.” There is nothing there but one fool greater than the other and the guys at the top who know how to play the fools like an orchestra.
Once the major investment banks started in on bitcoins I knew it was nothing I wanted to be a part of.
The best way to make a small fortune in Cyptocoins is to start with a large one.
Think of A ponzi scheme. That’s how it works. 😉
Once upon a time guy was taking the backroads and stopped at a local store. He was startled to find a tin of very rare sardines. He bought the tin for $5 and when he got back to the city and people learned about the sardines, he sold the tin for $20.
The person who bought it kept it for a few weeks and eventually tripled his money. The price went higher and higher until a person paid $100 for the tin of sardines. After a few months he took it to an auction house for rare treasures and it sold for $1000. The person who bought it was very wealthy and had a party where he opened the tin.
A number of the people who had purchased the sardines along the way were present at the opening. And to everyone’s dismay the sardines were rotten. When the wealthy fellow raised heck with the auction house, they told him he should have known better and told him…Those were “investing” sardines and not “eating” sardines.