It’s also not backed by any govt, operating company, business, assets, personnel, management team,or anything of tangible physical value. It has no physical use or purpose other than imputed value transfer. It’s held in an imaginary on-line crypto wallet or bank. It’s simply a number on a piece of paper with zero value to anyone other than other crypto “investors”. It’s a classic ponzi setup, that can go to zero at any time, if and when new investors decide to quit pumping additional money into it and trading it. Might as well go to a casino and put that money on n black or red. At least that’s a physical binary bet that you can watch play out in realtime. You can see immediately if you win or lose. When all the big boys and players in crypto (it’s a very small select group that control the majority) decide to cash in their chips, hundreds of thousands, if not millions, worldwide, of small individual investors will be the ones left holding the bag, or without a chair when the music stops, and they’ll lose everything they have in it.

Last edited by abolt300; 02/04/26 07:50 AM.