A classic and very precise distinction in financial theory: the difference between price (what is paid in a speculative way) and value (the cash flow or real utility that the asset generates). The argument that crypto works like a rigged casino is supported by concrete facts about the dynamics of this sector: ## 1. Lack of Traditional Cash Flow Unlike shares of companies (which generate profits and pay dividends) or real estate (which produces rental income), Bitcoin and other cryptocurrencies produce nothing. Their prices depend strictly on the Greater Fool Theory: the asset only goes up if you can find someone willing to pay more than you paid. If that interest disappears, the price falls, bringing the dynamic closer to a betting game based on other people’s behavior. ## 2. The Manipulation by “Whales” The crypto market is severely concentrated. Large wallets (known as “Whales”) and institutional funds hold massive portions of the assets in circulation. Because regulation in this market is still looser compared to traditional stock exchanges, these fortunes can coordinate buy and sell moves to manipulate prices, liquidate small retail investors, and profit from the volatility they themselves created. ## 3. The Casino Psychology The promise of rapid enrichment, the use of extreme financial leverage (where the investor bets money they don’t have), and the fact that the market runs 24 hours a day, 7 days a week, create a highly addictive and purely speculative environment. The overwhelming majority of the thousands of coins created has no practical utility and serves only as betting chips. This skeptical view is shared even by major figures in traditional finance, such as Warren Buffett, who has always refused to invest in Bitcoin precisely because he considers it a non-productive, purely speculative asset.
Prepare for more falls!!! China is accumulating gold and silver, moving away from cryptos. The USA, specifically the carrot, speculated with crypto as a store of value for its own benefit. In China, mining is no longer allowed. Energy for this is unsustainable, and the USA cannot handle it. The USA froze people's portfolios; they cannot sell, trying to hold onto the benefits of the carrot. Technological inputs come from China; therefore, not only energy but also advanced Chinese components are no longer available.
The bubble is bursting. The accounts don't add up, illusory numbers, artificial revenues that don't cover the energy consumed.
There will be 3 or 4 cryptos left, with prices on the floor, and then it may happen to be called a market, an investment. Only then will a "market" without illusions begin.
The rest, memes, will all melt away and disappear.
Funny, the bullish expert hasn't shown up today. Is he depressed? The guy puts bullish in all posts, even with the cryptos melting down. He only talks about his beloved Saylor and others, firmly believes in the charts and thinks that we little fish can influence the charts. By the way, all manipulated.
This is a game, not an investment.
He also only talks about what is happening at the moment, I don't understand, we are all seeing what is happening.
A year ago the bullish wrote that today BTC would be priced above 200k at least. All comedy.
And there are still people who put money in the hands of these specialists so he can "invest". By this time he should be hiding, with so many people who put more than 100k in the guy's hands and by this time it all went to space.
Well, with the way things are going, you will need a lot of money because you will have to buy every day.
It's down, then down, then down. No one knows where the bottom is. These "experts" only predict the present; that's all this pile of charts is good for. They never know how far it will fall. According to them, BTC would be over 200k today. They said that a year ago.
Crypto is a game, not an investment, and the house never loses.
These charts are even useful for Mega-Sena, that is, for nothing, except to deceive those who believe in this manipulation.
Buy at the low and sell at the high. Clarify, gentlemen "experts", how to know when it's low to buy? It fell 20%, is that low? Or wait for it to fall another 20%? Or wait for it to fall 50%? These experts talk about what is happening at the moment, I don't need that, I am seeing what happens!!
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