I'd say the dummies are the ones who didn't see this coming when Blockfi stopped withdrawals several weeks ago, particularly in light of FTX etc. Are you one of those?
Otherwise, stop recycling news to fit your narrative.
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Chill, Entrep.
Why are you so worked up about crypto dummies getting smashed? No less than Warren Buffett warned that it was inevitable.
Ponzi schemes all come to their natural conclusion - a few getting obscenely rich & the dummies all end up with losses. No surprises there.
Just make sure you are not one of the dummies.
Suck on your bitcoins lemon, yak yak yak yeah yeah balance, yawn
Don't forget either balance the crypto space is not bitcoin, it is just an arm of the fiat-minded Ponzi called "Venture capital" that lure in those chasing higher returns to escape the 9-5 and overleveraged lifestyles, or the debt spiral caused by their fiat Ponzi masters who collapse their fiat Ponzi currency, calling it "crypto" "blockchain" and "metaverse" all a part of the fiat Ponzi
Because if I wanted to ignore this community's uneducated takes on crypto I have been able to just ignore the crypto forum, now I need to see it here in the NZX forum though.
Need I say more re Buffet.Quote:
When asked why he didn't invest in technology stocks, Warren Buffett famously replied that he didn't invest in companies he didn't understand.