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Non-Tech : GBTC: Bitcoin Investment Trust (Not an ETF) OTC:QX
GBTC 89.02-1.2%Oct 28 4:00 PM EDT

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To: Elroy who wrote (224)12/4/2022 11:10:31 PM
From: Madharry1 Recommendation

Recommended By
Lou Weed

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Bitcoin is not a Ponzi scheme. Now you could say its a modern day version of the tulip craze but there are only so many bitcoin that will be produced. and of course all those smart guys who own it under $1k now have a vested interest in supporting it and holding it for a few more decades rather than bailing on it and paying taxes. I plan to stick with what small speculation I have made and see where it takes me. it for sure is not gonna wipe me out. However, I am amazed at the level of trust people seemed to have that the companies would suddenly behave honorably in terms of segregating collateralized assets and releasing when loans are paid when the industry had historically been rife with thieves and scoundrels. Heck even major banks, which are regulated and supervised, have many times engaged in illegal activity to the detriment of their customers (Wells Fargo most recently).
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