Criptocoins are a huge scam

investments short of owning your own business are all technically pyramid schemes

the only difference between the stock market and crypto is that the big boys use the former
 
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People have been saying this since Satoshi published their papers. It should be used as a method of transaction, not as a currency or even a stock. This is a serious pitfall that should be avoided at all costs as it can cost you dearly. Remember that one of the first transactions was a pizza purchase for I believe 10,000 BTC. Would you really want to "Invest" in something so volatile?
 
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The Truth Is Opinion said:
People have been saying this since Satoshi published their papers. It should be used as a method of transaction, not as a currency or even a stock. This is a serious pitfall that should be avoided at all costs as it can cost you dearly. Remember that one of the first transactions was a pizza purchase for I believe 10,000 BTC. Would you really want to "Invest" in something so volatile?
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have you seen the stock market
 
it wasnt intended to be a scam, it was intended to simply be internet cash, a currency free from government and bank control.
but then someone figured out that shilling it to gullible normies as ~the next big thing~ would be a good way to get rich, so it got pumped to absurd levels and is now inflated beyond all reason. i'd say less than 1% of bitcoin transactions have anything to do with the intended purpose (paying for goods and services) while 99% are just people doing currency speculation, hoping to get rich when it gets pumped again.
 
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It was a scam invented by CPU and GPU manufacturers to sell expensive, next generation chips to uber-nerds that got out of hand and now they are trying to scale it back.
 
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