Originally posted by Zigenare
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Cryptocurrency
Collapse
X
Collapse
-
"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk -
Originally posted by Jog On View PostHow is it a pyramid?
Earlier adopters are dependent on demand increasing and in their own way marketing the emperor's new clothes.
You can show your pretty graphs of what has happened in the past, pronouncing your predictions for future value but your projections are merely self justifying psychobabble.
Your "holding" is only worth what some other gullible fool will pay you for it, the market is dependent on more gullible fools buying into it to drive up the demand.
That is why it is a pyramid.Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.Comment
-
Originally posted by Zigenare View PostMass hysteria driven by the greed of the gullible is the only thing driving the "market".
Earlier adopters are dependent on demand increasing and in their own way marketing the emperor's new clothes.
You can show your pretty graphs of what has happened in the past, pronouncing your predictions for future value but your projections are merely self justifying psychobabble.
Your "holding" is only worth what some other gullible fool will pay you for it, the market is dependent on more gullible fools buying into it to drive up the demand.
That is why it is a pyramid.
Like the tech stocks of old..you know..microsoft and amazon, etc.
At least I understand now. You mean bubble instead of pyramid. Bubbles pop now and again. I seem to recall stock like Amazon dropping in the region of 50% a couple of times as well
Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.Comment
-
Originally posted by Zigenare View PostMass hysteria driven by the greed of the gullible is the only thing driving the "market".
Earlier adopters are dependent on demand increasing and in their own way marketing the emperor's new clothes.
You can show your pretty graphs of what has happened in the past, pronouncing your predictions for future value but your projections are merely self justifying psychobabble.
Your "holding" is only worth what some other gullible fool will pay you for it, the market is dependent on more gullible fools buying into it to drive up the demand.
That is why it is a pyramid.Comment
-
Originally posted by VirtualMonkey View PostAh now I see what you mean...
Like the tech stocks of old..you know..microsoft and amazon, etc.
At least I understand now. You mean bubble instead of pyramid. Bubbles pop now and again. I seem to recall stock like Amazon dropping in the region of 50% a couple of times as well
"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
-
Originally posted by gables View PostHmm, but that's not a pyramid though is it.
A pyramid scheme (commonly known as pyramid scams) is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services.In a pyramid scheme, an organization compels individuals who wish to join to make a payment. In exchange, the organization promises its new members a share of the money taken from every additional member that they recruit. The directors of the organization (those at the top of the pyramid) also receive a share of these payments. For the directors, the scheme is potentially lucrative—whether or not they do any work, the organization's membership has a strong incentive to continue recruiting and funneling money to the top of the pyramid."Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
-
Originally posted by Jog On View PostNo it's not, this is a pyramid:
MLM is a pyramid, crypto is an emerging asset class based on technology that's being adopted by large businesses.Comment
-
Originally posted by gables View PostIndeed, I know, but this isn't the first place I've seen people refer to it as a pyramid
Always seems to happen when the market is taking off. Could be 'didn't-buyers' remorse (hint - now's a great time to buy)"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
-
Originally posted by Jog On View PostOr a 'ponzi scheme' which is the other popular one. These people are perfectly free to not partake in it - why they need to bash it rather than just ignore it puzzles me.
Always seems to happen when the market is taking off. Could be 'didn't-buyers' remorse (hint - now's a great time to buy)Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.Comment
-
Hey...look what I just noticed....post 1000 !Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment