It’s been so crazy to see things like that just papered over in thread after thread. People talk about trading volume as though they have the faintest idea what the true, non manipulative volume is. The term “market cap” being thrown around as though anything remotely close to the figure could be realized.
I’m starting to lose sympathy for the people who are ultimately going to get hurt when this crashes. The signs are not hard to see at all.
Seriously though, given all these trades occur on god knows what kind of sketchy exchanges for all we know half that stuff is literally random inserts in a database with no bearing in reality at all. Toss in "innovative" things like Tether and who really knows what the true value of BTC is.
This stuff is gonna fail, and fail hard. Hopefully for good. BTC and the whole crypto bandwagon is a massive, massive waste of energy.
I’m starting to lose sympathy for the people who are ultimately going to get hurt when this crashes. The signs are not hard to see at all.