Yeah, here's the thing right - I'm not paying much attention to a completely flawed ponzi.
I prefer to laugh about it, because the bad news keeps piling up around the true believers...a bit of schadenfreude.
I laugh at people who laugh about it, simply because I was once one them. But trying to understand the dynamics behind a "flawed ponzi" and the psychology around it had me laughing all the way to the bank. Best thing I ever done!
True believers (most have left this thread) obviously aren't sitting comfortable with the current price, but they are in it for the long haul. They want all the fraudsters who used tradfi rails to enrich themselves through crypto to get washed out. They want all the crap coins gone. Their thesis isn't price based, it's time based, so the bad news isn't gonna change their beliefs.
Others who are more price sensitive are hoping for forced sell offs to drop the floor price. Bad news resulting in forced selling is exactly what they want.
You may soon hear " bad news" that Ripple lost a case against the SEC and that it's over for "crypto" as it will all get regulated and tokens listed as securities. If you decide to post it here just know that true believers (bitcoin maxis) and people waiting for forced selling couldn't be happier.
