- Joined
- Aug 2, 2007
- Messages
- 5,412
- Reaction score
- 7,023
The thing I don't get with crypto is, if more and more is mined so there's more of it how can it go up in value ?.
Theres a rule when it comes to buying and selling that the rarer an item is the more it's worth.
Then if everyone's got it and it keeps going up in value at some point it has to nose dive or crash badly for some to make money.
It's all seems to be control by mass hysteria were a top guy like say an Elon Musk has huge power of its value.
If he suddenly sold loads of his crypto it would nose dive. People in power seem to me to have the control and social media to its value.
Like the youtuber in the first video, people of influence. I hear so much of how some young kid has made millions then only the other night so guy topped himself after losing millions.
To me it's gambling and you rely on one of many tipsters. I don't see the difference. When I back the horses or football I use form so I can't blame anyone else.
I keep saying I'll take a dabble in crypto but it doesn't make sense same as NFT's buying digitally signed cartoons.
I'll put up £100 and challenge anyone in here to x100 my £100 and if they do they can have half, if it loses you lose nothing
Theres a rule when it comes to buying and selling that the rarer an item is the more it's worth.
Then if everyone's got it and it keeps going up in value at some point it has to nose dive or crash badly for some to make money.
It's all seems to be control by mass hysteria were a top guy like say an Elon Musk has huge power of its value.
If he suddenly sold loads of his crypto it would nose dive. People in power seem to me to have the control and social media to its value.
Like the youtuber in the first video, people of influence. I hear so much of how some young kid has made millions then only the other night so guy topped himself after losing millions.
To me it's gambling and you rely on one of many tipsters. I don't see the difference. When I back the horses or football I use form so I can't blame anyone else.
I keep saying I'll take a dabble in crypto but it doesn't make sense same as NFT's buying digitally signed cartoons.
I'll put up £100 and challenge anyone in here to x100 my £100 and if they do they can have half, if it loses you lose nothing