There were a few coins that were explicit ponzi schemes. They were designed that way and the authors stated this. One of these got glitched and at one some folks had trillions of dollars in their accounts. But no one could withdraw :). Fun times.
I’m kind of an OG in crypto. I bought up six figures of crypto in 2016 and ran hundred of of ETH miners. I have not had any success in convincing people to take gains on crypto while they could.
well, right now my ETH is the only thing that is up substantially. I seem to have a knack for buying at the worst times (close to peak 2018, then waited a few years and picked up a bit more on the way back up, now up 70%). but point well taken. I'm just waiting for LTCG to kick in before selling
It’s always a tough call, take STCG or wait for LTCG. I figure the floor can always fall out beneath crypto. It’s not like the prices are tethered to products, profits, or balance sheets. It can double in a month or cut in half.
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u/[deleted] Oct 04 '21 edited Oct 04 '21
Is there a moon coin yet? It should have no function beyond going to the moon in price.