Posted on 10/11/2025 1:59:41 PM PDT by delta7
Me, I’m keeping my “investments” portfolio firmly in Pet Rocks and Beanie Babies. Just because crypto involves math doesn’t make it fundamentally different from those.
Hey, if you can’t get rich quick for nothing, what’s the use of even trying?
Bitcoin - down 6%
Ether - down 9%
The No Recognizable Names - down 15%-25%
Don’t forget tulip bulbs!
You need to diversify. ;}
This is "the last fool in" phenomenon. Strip the "crypto" text above and replace with "Enron stock two days before collapse" and it comes to the same thing.
Each Ponzi scheme "is an investment scam that pays early investors with money taken from later investors to create an illusion of big profits." Little schemes.Big schemes. Schemes lasting generations, like our Social Security scheme. But at some time, "money taken from later investors to create an illusion" of success.
Until it doesn't.
Even Butler's "War is a Racket" told of the little guys who sold their war bonds at a loss for needing liquidity, which were bought up by those who could afford to wait it out.
“Crypto investor Konstantin Ganich found dead in Lamborghini amid market crash: Report”
You can’t eat or burn crypto. It is all speculation. At least the dollar is backed up by the Armed Forces of the United States.
unusual_whales
@unusual_whales
·
9h
BREAKING: Look at this.
A new crypto account was opened yesterday morning.
30 minutes BEFORE Trump’s announcement of 100% tariffs on China, it added a huge multi-million dollar levered Bitcoin short position, per YF.
The market dumped.
The trader made a profit of $192 million in two hours.
Unusual.
The tulip bulb market has been stable for 300 years. And, you can eat them!
BTC up 78% ytd
Gold up ~50%
My stock acct up ~37%
No complaints.
Carry on.
7h
It's official:
Crypto just saw its LARGEST liquidation event in history with 1.6 MILLION traders liquidated.
Over $19 BILLION worth of leveraged crypto positions were liquidated in 24 hours, 9 TIMES the previous record.
To put this into perspective:
The liquidation event we saw over the last 24 hours was ~$17 BILLION larger than the February 2025 crash.
It was more than 19 TIMES larger than the March 2020 crash and collapse of FTX.
Never in history have we seen anything even close to this.
Almost without exception every single person pushing crypto has some crypto.
That gives them a conflict of interest.
That means they should be ignored at a minimum.
Laughing and pointing is OK too.
Wait until AI attacks block chain encryption. Every encryption scheme can be unravelled.
Was reported that BlackRock ETFs bought 45,000 BTC worth $5 Billion for their clients at average price of $105,000 during the flash crash.
“Bitcoin - down 6%”
It’s trading where it was 2 weeks ago. Bitcoin is volatile. Not for the faint of heart.
I think you mean “Quantum Computer.”
So does Crypto Currency have anything backing it? As far as I can tell it doesn’t. It only exists as 1 & 0’s on a computer screen. So if the servers and data centers go down then you have exactly nothing you can cash in, it just evaporates into thin air.
Yet these Data centers use a tremendous amount of electricity and water to exist, much like the AI data centers will. As I read the other day Big Tech is using about 5% of all generated power today and growing.
Mine are Cabbage Patch Kids. / just kidding
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