WebIt’s just an entry in a database that you hope to sell someday to a greater fool. It’s also a leaky bucket for real money. Dollars go in, but they can’t come out. It’s factually impossible to ever recover all of the money that is used to buy Bitcoin. Once you own a Bitcoin, you’re only hope of cashing out is finding new suckers to buy in. WebJun 24, 2024 · At least, according to Bill Gates, who thinks the whole thing is “100% based on greater fool theory.” In economics, the greater fool theory is when an asset (a stock, an MLM, a Bitcoin) has its value artificially inflated by a finite supply of newcomers who don’t know any better. Just like a multi-level marketing scam.
Why Bitcoin Is Valuable - Debunking The ‘Greater Fool’ …
WebFeb 18, 2024 · A new, over two-hour documentary tearing apart NFTs has blown up on YouTube. In it, video essayist Dan Olson details how NFTs exist to drive up the value of … In finance, the greater fool theory suggests that one can sometimes make money through the purchase of overvalued assets — items with a purchase price drastically exceeding the intrinsic value — if those assets can later be resold at an even higher price. In this context, one "fool" might pay for an … See more Due to cognitive bias in human behavior, some people are drawn to assets whose price they see increasing, however irrational it might be. This effect is often further exacerbated by herd mentality, whereby people … See more • Arbitrage • Bagholder • Beanie Babies • Economic bubble See more In real estate, the greater fool theory can drive investment through the expectation that prices always rise. A period of rising prices may cause lenders to underestimate the risk of default. In the stock market, the greater fool theory applies when many … See more ricambi komatsu online
Was Tulip Mania really the first great financial bubble?
WebThe Greater Fool Theory is a very risky, speculative strategy that is not recommended for long-term investors. While speculation based on a belief in The Greater Fool Theory has … Web17 hours ago · This morning, we're taking a peek into Microsoft's cybersecurity sleuth, Google's tech to predict your next move, and how Ford is heating up its EV transition. #1. Detective Microsoft. Microsoft ... WebThat is a huuuge fucking scam. Scam all day long. A few people who got in early on the "greater fool" theory did manage to find greater fools to sell their overpriced cartoons to, and those people got burned. And frankly, they earned it. ricambi komatsu brescia