$14 Billion Wiped Out of Crypto Market
- Thread starter BUMBAY DA DOGG
- Start date
Ok cool!
I saw the old school COLEMAN in the avatar. I wonder if you were from Detroit.
You real close just down the I-75. Peace to Toledo.
401K is NOT a Ponzi scheme.
How about tied to the stock markets. Which grow and decrease with the ebbs and flows of the markets.
The market are most certainly manipulated, rigged and controlled.
Sure, but that 's not the definition of a Ponzi scheme. A Ponzi reports fake gains that aren't there. Sure market manipulation happens, but your losses and gains are actual not manufactured.
1 trillion wiped out of Google Facebook Twitter etc in the last 60 days
Just to put things into perspective
Just to put things into perspective
Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each.
The villagers, seeing that there were many monkeys around, went out to the forest and started catching them.
The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
In the absence of the man, the assistant told the villagers; "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each."
The villagers rounded up with all their savings and bought all the monkeys.
They never saw the man nor his assistant, only monkeys everywhere!
Now you have a better understanding of how the cryptocurrency market works.
The villagers, seeing that there were many monkeys around, went out to the forest and started catching them.
The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
In the absence of the man, the assistant told the villagers; "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each."
The villagers rounded up with all their savings and bought all the monkeys.
They never saw the man nor his assistant, only monkeys everywhere!
Now you have a better understanding of how the cryptocurrency market works.
I actually did for the same period of time. And I just transferred my stocks to fixed income funds right before the beginning of this market decline. Will be buying stocks again sometime late 2019 maybe even 2020. We'll see.
Bredren, please school me on how to trade properly
Last year you could have easily become a millionaire in the crypto market with minimal investment, not in the regular market without inside info. Both markets have their ups and downs.
I have no idea why we consider everything a ponzi scheme. Then if it is a ponzi scheme, that is the way most people in the US, who are wealthy became wealthy. Insurance companies are ponzi's, Hedge funds are ponzi's, Banks to some extent are ponzi's, Social Security is a ponzi. Who cares if it is a ponzi if you can make money.
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True. Invest in both.
Hit me up.
That is staggering!
Not highly reported in the press.
Most don't grasp the magnitude of that number and the event.
Nice Info. Drop!
BROTHER,
I'm going to use this, if you don't mind?
I will be sure to acknowledge the source.
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