🧠 암호화폐, 결국 '더 큰 바보' 게임 아닐까?

There is no underlying value in crypto. The concept of the greater fool is that something is only worth more because someone else will pay more for it. Crypto meets this definition.

That is all it is. Cryptocurrency has value because you believe someone else will pay more fiat currency for it later.

The value isn’t derived from payments (no one uses bitcoin to pay for anything), it’s not store of value (it’s ultra volatile), it’s not an ownership ledger or automatic contract enforcer (it only registers bitcoin to wallet).

These narratives were all created to create fools to baghold

What value does a pokemon card have?

There are 250k crypto transactions daily as opposed to 2b card transactions.

For crypto to operate at scale the energy requirements alone would necessitate a Dyson Sphere to be constructed around the solar system.

This is just a techbro hallucination floating on an ocean of greed. It can not and will not ever serve as a functioning currency.

Stocks give ownership to real companies?

My employer filed for chapter 11 bankruptcy and all existing shareholders, including me, lost everything. The company stood and still continues to operate today. I don’t recall being compensated in any shape or form - I guess keeping my job was good? This won’t happen to every company, but it can happen and shows as a shareholder, you can still lose.

For too long I’ve bet against crypto. How many times has Bitcoin died already yet continue to make ATHs in the future? Yes it’s price is down today, but what’s changed about it’s concept since then? Absolutely nothing! I’ll be ready to buy more if it goes into the 50s or less

Actually crypto has a very unique Use Case: extortion.

Whenever malware locks up a hospital database, or a grandparent’s PC, they almost always demand payment in crypto.

Stocks are the same thing, yes you own a part of a company that hopefully makes a profit however the price is dictated by the market and the only tangible benefit to you that your stock generates are dividends

The company can make a ton of money but just think about it for a second, how does that benefit you as a shareholder if the company doesn’t distribute dividends? It’s just number go up on a ticker symbol because more people are buying then selling

I agree with this. Several years ago crypto bros talked about how crypto currency would be a great liberator and cut out the middleman in banking. That hasnt really happened at all. Now people just talk about investing in crypto as an asset unto itself. In that way, it is kind of similar to other forex trading. But unlike foreign currency, its value isn’t based off anything except what people are willing to pay to buy it. It is completely exposed to the risk of investors deciding en masse that it’s not a good investment and replacing it with something else. That will probably happen. Maybe it will be another crypto currency and the circle jerk will go on.

People been saying this since 2010. Why hasn't it died yet?

you are correct!!! i don’t want it

There is something to that, it's a lot of people looking to take money away from each other. The thing about it is it runs pretty heavily on math and human behavior. If this bear cycle plays out like I expected to it's actually ridiculously bullish. People are going to be expecting another bull cycle to begin and the accumulation will be underway next year. They are going to have a $250,000 price Target for 2029 and if we keep having reduced growth cycles that will not be hit. We're going to come up short but it will be more than this cycle so, if that plays out. If you can accumulate somewhere around $40,000, maybe less and you even get back to the old all time high, it's not a terrible return. You're talking a 3X in a few years

Why does this keep working? Well it does until it doesn't and it does because people believe it will. But you can't logically tell me it makes sense if you look at the SanDisk chart. We are all hairless apes trading bananas