|
it's a ponzi scheme ish, a public one to boot.
Auction a 20 dollar bill at a poker table see how much it goes up to. still worth the base value but if 2 or more bid over 20 the competitive spirit assumes. winner has braggin' rights and all but spending it means it's over value, however if you build a story about the history of said 20 making it so desirable the winning bid seems cheap. bid'n after some time and exposed to more confident folks and... compound effect. invest, greed, cycle rests the mind and ease when said 20 is worth 10x then 100x etc. until blamo crash. 20 now can be worth 19.99-0
20 bucks works best when it's worth $20 and how much it buys moves slow and steady, apply the same logic to crypto
|