“It’s all a fraud. A scam. BTC is going to $0. Digital assets are a Ponzi scheme…”
As insults are hurled by by those entrenched with 19th century solutions to 21st century problems, a news report: “Update on Facebook’s cryptocurrency: Sources tell me that Facebook is now looking to get VC firms to invest in the Facebook cryptocurrency project we reported on earlier this year. I hear they are targeting big sums — as much as $1b.” Source: The New York Times
Make your own decisions. Pick your poison, they say. Do your own research.
Facebook can be wrong; VCs are probably right less seldom than they’re wrong. Maybe none of the visionaries about digital assets are fully cogent. But this reminds me so much of trading: sometimes a market picks a direction and for the life of you, no part of your fiber can figure out why you’re so wrong. So you fight it. Stubbornly. And fight some more. And more. Until you’re broke.
Are the people fighting the trend to a crypto world seers, doers, geniuses, fools, early, late, wrong or uninformed.
Are bitcoin enthusiasts, FB, the VC community spot on, dead wrong, making lottery bets, 100-years-ahead-of-their-time, helping mankind, hurting careers or mentally impaired.
A third camp: no opinion, no dog in the fight, no dog.
Which camp are you in.