timdaub
@timdaub.eth
Would you still recommend to friends to buy Bitcoin? I used to recommend it because it is simply "the biggest crypto currency," so what can possibly go too wrong? However, now with Microstrategy looking more and more like a ponzi I'm worried that once they blow up I might regret my endorsement
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Alberto Ornaghi
@alor
Why microstrategy is a looking as a ponzi? Whould you recommend buying gold? The same hold for Bitcoin. Speculators are everywhere but the fundamentals are strong.
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timdaub
@timdaub.eth
https://news.kiwistand.com/stories/Bitcoin-Treasury-Companies-Are-Bubbles?index=0x6868e0406d5fac50c6dd767e96c6af6625a17d4f109fc5605120181897f5b53fe25e0a09
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Alberto Ornaghi
@alor
your question was about buying bitcoin, not Microstrategy's shares...
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pxaxm
@pxaxm
If so much of the price action of last few years is due to microstrategy's buying, it's blowup will likely lead to price drop
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timdaub
@timdaub.eth
yeah and then everyone who recommended Bitcoin will be caught with pants down bc „why did u recommend the ponzi scam??“
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