Value Research Stocks
Value Research Stocks

@VROStocks

8 Tweets 3 reads Jan 03, 2023
2017: Bitcoin’s a bubble
2018: Has no connection to ground reality
2020: Burnt enough Indians
2021: Ponzi scheme
2022: Large regulatory gaps
2022: Crypto is used for crime & speculation
We have no love lost for cryptos. Here's what @dhirendra_vr, has said about cryptos 🧵👇
1/
Dec 2017: The bottomline for the individual saver and investor is that this is gambling territory. That's not just because of the bubble, but also the mechanics of bitcoin.
Bits of the future, delivered right now 👇
bit.ly
2/
Dec 2018: A nerd's experiment with creating a cryptographic currency mutated into a global mania, one which the believers fervently believed was free of the limitations of human psychology and greed.
Final lessons from the bitcoin mania👇
bit.ly
3/
Dec 2020: There were apps and websites where you could 'buy' Bitcoin but they also claim to store it for you. None of these offered no provenance of any underlying transaction or ownership.
Bitcoin lure 👇
bit.ly
4/
April 2021: There is no underlying economic activity to bitcoin. In every other form of saving or investing, there is some underlying economic activity that is generating wealth.
Solutions looking for problems 👇
bit.ly
5/
Aug 2022: Quite apart from the problem of cryptocurrencies as an investment, the entities that call themselves crypto exchanges are a huge legal blackhole.
An entirely predictable scam 👇
bit.ly
6/
Dec 2022: More than a decade after it began, the only thing crypto is used for is crime, speculation and the kind of fraud that FTX has turned out to be
Criminal crypto 👇
bit.ly
Follow @VROStocks for more stock insights and information.
#Bitcoin #Crypto #investing

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