I know he’s intelligent for two reasons. His ability to express his emotions and his Major being economics. Econ is an underrated Major that utilized mathematics and game theory to predict markets and business outcomes- he’s no spring chicken.
My neighbor and his wife who are both retired lost their life savings after being suckered into investing in crypto at its peak, he argued with me about how good of an investment it was when he didn't even understand what crypto and blockchain were. I told him it would crash as it had in the past and he blew me off saying I didn't have a clue about crypto even though I mined it for fun for a short time.
Your neighbors story is tragic but all-too-common. Crypto sucked in millions of traders who were focused on the big gains it made before the bubble burst and lack an understanding of finance, the history of fiat currencies, etc. A recipe for disaster.
So they put money in expecting to make instant gains? Investing doesn't mean put all ya money in and hope to become rich in 5 mins and if it doesn't work out then sell.
I never liked the crypto ads it, seemed it was pushing that you needed to invest to survive. I felt those who were pushing, were devising plans to become oligarchs controlling the world's banking system.
Why are people so impatient? If you are not prepared to hold Bitcoin thru a 4 year cycle don't bother with it. No one who has held on to Bitcoin for a 4 year cycle has ever lost a penny. Don't let someone hold it for you. Keep it in your own cold wallet. I'm 69 years old and if I can figure it out, so can you.
My crypto is still sitting on an exchange. I’m scared to move it, I really don’t know what I’m doing. I need instructions explained like I’m five. I hear about people messing up the transfer by one letter all the time and losing it all. People that know what they’re doing! So I figured the exchange is probably less risk than leaving it up to me with no experience
@@SerenaCavanaugh It will become more apparent if you get a cold wallet and explore it. No need to enter your public key by hand. I use Arculus , but don't do anything that makes you uncomfortable.
Lol. That's everybody's default position until they do a deep dive and try to fully understand it. Larry Fink said it was a scam too, now his fund has bought billions of dollars worth of Bitcoin in the past 2 months.
This is wonderful. Keep the skeptics on this cryptocurrency nonsense.Bitcoin is an intangible based on the greater fool theory. Buying Bitcoin is a fool's errand. It's unbecoming of a credible financial news source to keep talking about this rubbish.
I've been short BTC since April and doing well. Will ride it down to $15K or so, at least. Not for the faint of heart- one social media post by Musk can add 5% to the price overnight, e.g.
@@Tom______________ Thanks for caring. Mostly in the red, but have added multiple times in the last few months. Now, it's just wait for the 30-50%+ drop. Hard to say when- millions of uneducated speculators buying crypto can keep the bubble growing longer.
@@Tom______________ I only short BTC, but glad the BTC bulls have profied. I have the same short philosophy as Burry....identify a fatal flaw in an asset class, short and wait. He waited 3 years for his big payday, and I may have to do the same. GL.
i cant help but wonder; whats his piece in all this ; hes just a charitable guy exposing crypto? no no no no ......something is off about his position too
I know he’s intelligent for two reasons. His ability to express his emotions and his Major being economics. Econ is an underrated Major that utilized mathematics and game theory to predict markets and business outcomes- he’s no spring chicken.
I found out crypto is a scam also because of Emperor's New Clothes.
My neighbor and his wife who are both retired lost their life savings after being suckered into investing in crypto at its peak, he argued with me about how good of an investment it was when he didn't even understand what crypto and blockchain were.
I told him it would crash as it had in the past and he blew me off saying I didn't have a clue about crypto even though I mined it for fun for a short time.
Your neighbors story is tragic but all-too-common. Crypto sucked in millions of traders who were focused on the big gains it made before the bubble burst and lack an understanding of finance, the history of fiat currencies, etc. A recipe for disaster.
@@jlvandat69 you got suckered into believing in ukrainistan
a fool and their money are soon parted
So they put money in expecting to make instant gains? Investing doesn't mean put all ya money in and hope to become rich in 5 mins and if it doesn't work out then sell.
@@grantfalconer6412 yea be a sucker and wait until the bottom drops out. Of the ponzi scheme.
That guy from Gotham should be Batman
I never liked the crypto ads it, seemed it was pushing that you needed to invest to survive.
I felt those who were pushing, were devising plans to become oligarchs controlling the world's banking system.
Why are people so impatient? If you are not prepared to hold Bitcoin thru a 4 year cycle don't bother with it. No one who has held on to Bitcoin for a 4 year cycle has ever lost a penny. Don't let someone hold it for you. Keep it in your own cold wallet. I'm 69 years old and if I can figure it out, so can you.
My crypto is still sitting on an exchange. I’m scared to move it, I really don’t know what I’m doing. I need instructions explained like I’m five. I hear about people messing up the transfer by one letter all the time and losing it all. People that know what they’re doing! So I figured the exchange is probably less risk than leaving it up to me with no experience
@@SerenaCavanaugh It will become more apparent if you get a cold wallet and explore it. No need to enter your public key by hand. I use Arculus , but don't do anything that makes you uncomfortable.
I learned about cons from my birth father, baptist minister and life insurance salesman.
Ouch😬
I done been saying from the start that crypto and blockchains are scams point blank period
Lol. That's everybody's default position until they do a deep dive and try to fully understand it. Larry Fink said it was a scam too, now his fund has bought billions of dollars worth of Bitcoin in the past 2 months.
@coffeezilla please interview this guy! I watched his testimony before congress.
This is wonderful. Keep the skeptics on this cryptocurrency nonsense.Bitcoin is an intangible based on the greater fool theory. Buying Bitcoin is a fool's errand. It's unbecoming of a credible financial news source to keep talking about this rubbish.
LOL wow kids learning about ponzi schemes. Was he a sucker?
I bet ben feels like an idiot that he sold now
This bloke is so arrogant
No pity for those that expect free money.
Ben is a angry gambler who didn’t do his research and lost his savings
Ever Muskrat obsessed with crypto
I've been short BTC since April and doing well. Will ride it down to $15K or so, at least. Not for the faint of heart- one social media post by Musk can add 5% to the price overnight, e.g.
ok Ivan Bandera Nazi cultist
hows that working out for you?? 😂😂
@@Tom______________ Thanks for caring. Mostly in the red, but have added multiple times in the last few months. Now, it's just wait for the 30-50%+ drop. Hard to say when- millions of uneducated speculators buying crypto can keep the bubble growing longer.
@@jlvandat69 Bitcoin. Not crypto. Big difference. I'd suggest you start buying & holding BTC whilst its still cheap. Peace.
@@Tom______________ I only short BTC, but glad the BTC bulls have profied. I have the same short philosophy as Burry....identify a fatal flaw in an asset class, short and wait. He waited 3 years for his big payday, and I may have to do the same. GL.
Dude bought at the peak and lost his money. Investing is always a risk. You can’t blame the industry when you suck at investing hahah
No. In a Washington Post interview he said he doubled down after his loss and actually make a net profit in crypto. He stopped after that.
@@tiararoxeanne1318you gullible fools
i cant help but wonder; whats his piece in all this ; hes just a charitable guy exposing crypto? no no no no ......something is off about his position too
Ben Mackenzie is just mad because nobody watches Gotham
Hmm. I find this man useful in some strange way. 🫥