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Author Topic: Ponzi junkies  (Read 30 times)

NxtChg

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Ponzi junkies
« on: April 11, 2018, 09:12:27 am »
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I think I've found a nice term to describe the widespread mentality that Bitcoin and other crypto bubbles have produced - ponzi junkies.

People now view themselves as "investors", when their "investment" is actually into money, which is not an investment at all, but a mechanism for investments.

Yet they expect insane amounts of return on their "investment" from simply HODLing a currency. They don't even view cryptocurrencies as money with utility anymore!

Bitcoin spoiled a lot of people...
Tentacle Overlord, The Deranged Genius of The Abyss