Home Bitcoin News Bitcoin (BTC) Ponzi Scheme Hold Forever Deriving Value Towards the Death Cross

Bitcoin (BTC) Ponzi Scheme Hold Forever Deriving Value Towards the Death Cross

Bitcoin Ponzi

Those who hold Bitcoin are essentially an Angel Investor in a bootstrapped startup which is working to bring a new reserve currency to the world. Therefore, when you are an early investor in a unicorn you hold on. You don’t sell.

Many of the Bitcoin investors understand it but they are not buying anymore of it because they have come to the conclusion that people will always be looking for the top.  Many are selling because they see there is no fundamental value holding the roof up.

Michael Saylor Analogy:  If we had bought a million acres of land in Texas, I wouldn’t have computer programmers in China and Singapore drive up the value of my land in Texas. And, if we had bought a billion dollars’ worth of Apple stock, I wouldn’t have people in China, Russia, Europe, and South America figuring how to harness the power of volcanos and already drive up the value of my Apple stock. I wouldn’t have the mayor of Miami, governor of Texas, the president of El Salvador – you wouldn’t have big tech companies trying to figure out how to drive up the value of that asset.  So, unlike gold or bonds or equity or real estate this is truly a global open phenomena anybody can participate in it.

“I don’t think there’s any other asset where every intelligent person who understands it, decides to do everything they can to make it more valuable.” – MicroStrategy’s Michael Saylor during parallel summit 2021 on Bitcoin and blockchain.

What happens when they pump a Bitcoin (BTC) Ponzi scheme?

Those who hold BTC will feel it is more valuable if it is possible to figure out a way to generate revenue while making Bitcoin stronger or more useful.  If this can be done anyone who does it will have the support of anyone who holds Bitcoin.  Some really smart folks are holding very strong to Bitcoin and there are some really foolish folks holding it too.

Everyone who holds Bitcoin will not benefit.  It depends upon the price and compromises they are making to hold it.  If it is not discretionary money and they have bet their family farm investing in BTC you cannot be sure.

Michael Saylor’s multi-dimensional perspective on BTC is truly amazing. It is very clear that Bitcoin is a speculative asset based on people’s state of mind and without other any utility. If that is the case, those who have invested in Bitcoin will make more money by trading rather than holding forever.

Holding forever is not the way the game is played by the average Joe.  Those who are stinky rich will be able to hold on to their BTC.

Value is derived.  Those who are looking to enjoy value should do something about what they hold to enjoy the benefits of value.  The value of any asset will go up and high with time.  And, going forever long might not be the way to be for those who are here in the cryptocurrency space to elasticize the value of their money.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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