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SEC Investor Education:
New Year's Financial Resolution: Avoid too-good-to-be-true "investments" with Ponzi scheme "red flag" claims like:
"To the moon! To the mars!"
"Number go up!"
"Yearly return of 300+% in 2020!"
"Could quadruple in 2021 and rally to $100,000!"
A collection of "unpopular opinion" and get-rich-quick party spoiler "stop the music" articles on "Is Bitcoin a Ponzi? Is Bitcoin a Speculative Bubble? Is Bitcoin a Digital 21st Century Tulip Mania? Is Bitcoin Comedy Gold?"
From the Wikipedia:
Bitcoin has been described as an economic bubble by at least eight Nobel Prize Economists at various times, including Robert Shiller on 1 March 2014, Joseph Stiglitz on 29 November 2017, and Richard Thaler on 21 December 2017. On 29 January 2018, a noted Keynesian economist Paul Krugman has described bitcoin as "a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology", on 2 February 2018, professor Nouriel Roubini of New York University has called bitcoin the "mother of all bubbles", and on 27 April 2018, a University of Chicago economist James Heckman has compared it to the 17th-century tulip mania.
On 4 December 2013, Alan Greenspan referred to it as a "bubble" as did George Soros on 25 January 2018. Warren Buffett called bitcoin a "mirage" on 13 March 2014.
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Some "unpopular" bitcoin facts:
Bitcoin Proof-of-Waste Mining Is an Environmental Disaster
Bitcon Is a Greater Fool BagHODLer Zero-Sum Fraudsters' Greed Fest
The Bigger the Lies the Better - To the Moon! Number Go Up! Will Quadruple to $100 000 in 2021!
Bitcoin Is Comedy Gold - Bitcoin Is the New Standard?! - LOL
When Will the Music Stop? (Hint: Try to Cash Out)
Or how about:
Bitcoin's money flow is exactly the same as that of a ponzi scheme, as depicted above. The arrow in that diagram represents the net one-way flow of money from investors to miners. The net total flow since 2009 is already 15 billion USD. If the the current bitcoin (BTC) price holds, that amount will grow by about 30 million USD/day, or at least another 10 billion USD in the next year. Besides the investors, there isn't (and there will never be) any source of money that could return that money to them.
Even if bitcoin promoters refuse to accept the label "ponzi", they cannot deny that diagram. How can anyone propose such a bottomless barrel as a "store of value".
-- Jorge Stolfi, Yes, Bitcoin is a Ponzi: A Re-Rebuttal
So what!? Do your own research! Here we go:
SCAM ALERT! SCAM ALERT! SCAM ALERT!
Tyler Winklevoss, Bitcoin Billionaire
Tyler Winklevoss, Bitcoin Billionaire
Washington Post News:
Bitcoin surges past $20 000 for first time.
This Bitcoin rally is the most sophisticated investors, the smartest people in the room, buying the bitcoin quietly. Number go up! To the moon!
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When Elon Musk puts the Tesla balance sheet into Bitcoin, we'll have to change the Bitcoin rallying cry from "to the moon!" to "to Mars!"
Austrian Maximalist comments: Let's use solar energy to mine bitcoin with satellites in space!
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The U.S. Dollar is no longer a reliable store of value. Cameron and I (Winklevoss Twins Capital) make the case for $500 000 Bitcoin. Number go up! To the moon!
Cameron Winklevoss, Bitcoin Billionaire
Cameron Winklevoss, Bitcoin Billionaire
There are 3.5 billion smart phones on the planet. All of them can hold bitcoin. None of them can hold gold. Bitcoin is the future. Number go up! To the moon!
Michael Saylor, Business Intelligence Billionaire
Michael Saylor, Business Intelligence Billionaire
Money is energy. Bitcoin is the first crypto monetary energy network, capable of collecting all the world's liquid energy, storing it over time without power loss, and channeling it across space with negligible impedance. Number go up! To the moon!
Austrian Maximalist comments: And it's all represented in this: 21,000,000.00000000
Austrian Physicist comments: The science on this is legit respecting the laws of thermodynamics.
Anthony Pompliano, Bitcoin Cheerleader, Off The Chain Investment Newsletter Writer (100 000+ Subscribers)
Anthony Pompliano, Bitcoin Cheerleader, Off The Chain Investment Newsletter Writer (100 000+ Subscribers)
There are an increasing number of buyers, yet a decreasing amount of available Bitcoin.
Any economics 101 student can predict what happens next. To the moon! Number go up!
Bitcoiner (BTC), Greater Fool Investor
Bitcoiner (BTC), Greater Fool Investor
WOO NUMBER GO UP!!!
Who needs adoption when you can have institutional investors! Why bank the unbanked when you can bank the banks! Bring out the champaign because NUMBER GO UP!!!
Am I price posting right?
Dan McArdle, Bitcoin "There is No Alternative", Bitcoin is the New (Gold) Standard
Dan McArdle, Bitcoin "There is No Alternative", Bitcoin is the New (Gold) Standard
Bitcoin will save the environment. Bitcoin will create a global arbitrage in energy.
Bitcoin will drive innovation in energy and use of renewables.
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Bitcoin number go up because more people want bitcoin. Bitcoin becomes more and more valuable.
1,000 HODLers
10,000 HODLers
100,000 HODLers
1,000,000 HODLers
10,000,000 HODLers
100,000,000 HODLers
1,000,000,000 HODLers
10,000,000,000 HODLers
100,000,000,000 HODLers and on and on
People will come to understand bitcon.
(Photo Courtesy of Bitcoin 2021 - A Bitcoin Conference for Bitcoiners by Bitcoiners in Miami, Florida, June 4-5, 2021)
Comedy Gold? Let's get real:
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