The crypto market in a nutshell!

[tn1911]

Bitcoin could plunge 70% to $5,000, Standard Chartered predicts, in possible 2023 ‘surprise’

https://www.cnbc.com/2022/12/05/btc-bitcoin-could-fall-to-5000-standard-chartered-predicts.html

Tim Draper predicts bitcoin will reach $250,000 next year despite FTX collapse: ‘The dam is about to break’

https://www.cnbc.com/2022/12/05/tim-draper-predicts-bitcoin-will-reach-250000-despite-ftx-collapse.html

Both stories are front page on CNBC website now…

This is the biggest scam in our lifetime…

[Adrenaline_6]

Bitcoin could plunge 70% to $5,000, Standard Chartered predicts, in possible 2023 ‘surprise’

https://www.cnbc.com/2022/12/05/btc-bitcoin-could-fall-to-5000-standard-chartered-predicts.html

Tim Draper predicts bitcoin will reach $250,000 next year despite FTX collapse: ‘The dam is about to break’

https://www.cnbc.com/2022/12/05/tim-draper-predicts-bitcoin-will-reach-250000-despite-ftx-collapse.html

Both stories are front page on CNBC website now…

This is the biggest scam in our lifetime…

The charts predicted this awhile back. It's just taking a bit longer than I expected.

[markm]

This is the biggest scam in our lifetime…

I can't believe it still has wheels. I get emails from DSGarms and at the bottom they say "we take crypto". WTF?

[Coal Dragger]

It’s a Ponzi Scheme. I have maintained this position since learning about crypto currency.

People who are desperate to get rich quick for little work or outlay are vulnerable to Ponzi Schemes. I have little sympathy for them.

[Averageman]

It’s a Ponzi Scheme. I have maintained this position since learning about crypto currency.

People who are desperate to get rich quick for little work or outlay are vulnerable to Ponzi Schemes. I have little sympathy for them.

I'm with Coal Dragger on this one.
I've got the same reaction when I Private told me about losing all him money playing Three Card Monte at the Atlantic airport. "Thought you were gonna get rich, didn't you?

[The Dumb Gun Collector]

In my personal life everyone that I knew that was talking about crypto wasn't someone I typically thought of as wise. They were all gambler types.

[Coal Dragger]

Exactly.