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Why Bitcoin Is a Scam
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07-05-2023, 11:27 PM
I was curious as to the price of bitcoin versus Amazon stock over the last 5 years.
Amazon was ~$86 in July 2018. At ~$130 today. Up about 50%? BTC was $$6706, now $30503. Amazon's P/E is over 300. Just some fun facts.
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03-22-2024, 09:56 AM
(06-19-2022, 08:11 PM)LevelUP Wrote: A lot of the smaller market cap crytos are similar to penny stocks. If enough people buy all at once the price will jump fast. It's a dog-eat-dog world out there with those cryptos kinda like the movie The Wolf of Wall Street. Lots of rug pulls to watch out for. Defenetly stablecoins. Stablecoins offer a more stable value proposition, making them suitable for transactions requiring consistent pricing. Unlike traditional banks, stablecoins typically require larger reserves to maintain price stability and ensure liquidity for withdrawals. |
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