Tbone on Nostr: A shitcoin pump & dump is a perfect balance between those pulling the rug and those ...
A shitcoin pump & dump is a perfect balance between those pulling the rug and those standing on it. It's a zero sum game. This is because there's no valuable 'quality' to the asset.
For every dollar made on the upside, there's a dollar lost on the downside.
If you trade crypto, know that any profits you take are a loss for somebody else. And know that the only use case for whatever shitcoins you have, is to rip somebody else off.
What about #bitcoin? Well, Bitcoin has valuable 'qualities'. One of which is to provide a vehicle to store value.
When you buy it and hodl it, you actually improve these qualities.
When you sell it for fiat, the only one you're ripping off, is yourself.
For every dollar made on the upside, there's a dollar lost on the downside.
If you trade crypto, know that any profits you take are a loss for somebody else. And know that the only use case for whatever shitcoins you have, is to rip somebody else off.
What about #bitcoin? Well, Bitcoin has valuable 'qualities'. One of which is to provide a vehicle to store value.
When you buy it and hodl it, you actually improve these qualities.
When you sell it for fiat, the only one you're ripping off, is yourself.