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Market in Perfect Equilibrium 11/8/22

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ANOTHER ONE BITES THE DUST....FTX

Its just so much fun watching the crapto complex collapse little by little

The FOMO has been replaced by FOLI...

Thats "fear of losing in" for those who don't know ...the opposite of FOMO.

The fear of loss by remaining in instead of out.

The pump is all FOMO and the dump is all FOLI 

Think of the whole crypto madness as a giant phsycological sine wave powered by FED printing and a powerful industrial scale internet propaganda complex.

If printer Jay hadnt gone monetary cold turkey it would still be alive and thriving.

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the problem with crypto is that its not regulated. There are good project, not all crypto is bad but there are many bad projects, they play your money+ there is no CB to the rescue during the crypto run.

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53 minutes ago, SiP said:

the problem with crypto is that its not regulated. There are good project, not all crypto is bad but there are many bad projects, they play your money+ there is no CB to the rescue during the crypto run.

ALL crypto is bad. It is a hoax from A to Z. It is the direct consequence of the mega printing since 2009, which lead to malinvestments in epic proportions, on top of them crapto.

What you probably mean is that not all blockchain is bad. That‘s right. 

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MORE THOUGHTS ON CRAPTO

The blockchain has some uses.

Crypto has some uses as a medium of exchange.

But most crypo just used as a pump and dump ponzi scheme which appears legal unlike the

normal illegal ponzi schemes.

They appear legal as they sell something with a price (but no intrinsic value) called a token/coin.

Thats why they all create there own token....so they can sell it to outsiders and cash out.

Once the internal token loses value its game over.

Crypto is great for insiders and speculators who make there money buying low and selling high.

Its terrible for so called investors or hodlers as they are called who buy ....hold on....and lose everything.

This is a very similar process as the other greater fool assets such as spacs and meme stocks.

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