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[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

I'm tempted to invest but I don't know where the ceiling is and this is a huge pump and dump (supposedly) so you don't want to be stuck holding bitcoin when the music stops.

[–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Everything bitcoin was supposed to be turned out to be a lie. It was supposed to be untraceable, when it is in fact traceable as a matter of fact because it is not physical thing that can pass undetected from person to person but needs to be documented by the entire community in a permanent ledger. It was supposed to be free to use, and now the transaction costs have skyrocketed to the point that you would pay more to use it than what you would pay for the cup of coffee if you were dumb enough to use it to buy coffee. It was supposed to be uncontrollable, and it turns out that founding members have so many bitcoins they essentially own majority voting rights and can do what they want, including splits. It was supposed to be a store of value, and it turns out to be a gambling stock like unregulated pink slip penny stocks.