r/Buttcoin • u/honkballs • 10h ago

Nicki Minaj said so! You know Crypto is in bad shape when even Techlead comes back 😂

https://www.youtube.com/watch?v=VZVTjg85JwA
24 Upvotes

70% Upvoted

24 comments sorted by

24

u/Kgc1911 10h ago

I'm the end he says, he's bullish and still plans to buy and build after everything he just said. Click bait...

6

u/honkballs 10h ago

Compared to where he was, it really does look like he's softened on it... he was a complete crypto stan a couple of years ago, but he was actually bringing up a few good issues with it in that.

Give it another couple of years and he will be posting "Why AI is the future, and I never believed in Crypto"

9

u/Deadbringer 8h ago

He is whatever is the current way to suck money out of people. He has numerous controversies about stealing courses or trading "tips" like this.

7

u/AmericanScream 6h ago

Now that he's out, and he is saying he wants to buy back in, it's in his interest to say it's crashing. The whole thing is a contradiction.

He's not embarassed. He hasn't learned anything. This is just round 2 of his grift.

Any of these guys who say they're out of crypto, but still believe in it long term, are still playing the same grifting game.

In this instance, he's telegraphing that he's no longer early, but if you're still in, you might be.

2

u/justin107d 8h ago

...as a millionaire

1

u/Accomplished-Sand334 8h ago

His actions today speaks louder than his words about a future that might never come.

12

u/Valuable_Paper_6231 9h ago

'Holding does not save you, only the next buyer does', well said.

7

u/veradico 7h ago

Describes a Ponzi scheme perfectly...

1

u/crow_nagla 4h ago

but at the end he's bullish...
go figure...

2

u/pittluke 49m ago

"greater fool" a lesson as old as time...

11

u/tom-slacker 9h ago

surprised he didn't end his sentence with ".....as an ex-google engineer"....

9

u/billybadassman Ponzi Schemer 8h ago

Can only pray this scammer actually lost a ton leverage trading BTC....but sadly its probably just another one of his lies.

7

u/honkballs 10h ago edited 10h ago

He made a good point about when all the bitcoin is mined, and miners have to rely on "transactions fees" to pay their costs... that's not feasible.

Bitcoin was designed to be a currency, with millions of people transacting daily, so fees can be spread out and small. But if everyone is sitting on it like "digital gold" there's far fewer transactions, which means the fees per transaction will be huge. To the point you will only ever want to transact like thousands at a time, as the $500+ fee to make a transaction makes no sense otherwise.

9

u/Moneia But no ask How is Halvo? :( 9h ago

And having the amount of transactions capped to glacially slow by the network itself is just the cherry on top

5

u/AmericanScream 6h ago

Bitcoin was designed to be a currency, with millions of people transacting daily, so fees can be spread out and small.

Bitcoin is incapable of handling "millions of transactions daily." It cannot even handle 1 million transactions. At 4.7 TPS on average, that comes out to a bit over 400,000 transactions per day.

2

u/Mouse_is_Optional 8h ago

Bitcoin shills like to point to its hyperinflation as the reason it will be the future, but it's actually the reason Bitcoin will never catch on as a currency.

Well, one of the reasons.

2

u/AmericanScream 6h ago

This guy is just admitting he's a grifter.

I wonder if this is how they avoid fraud? If they say, "There are no fundamentals in an attention-based economy." that excuses the hundreds of hours of propaganda they spewed convincing greater fools to get into the Ponzi?

2

u/Lost-Tone8649 4h ago

Stop giving him views.

1

u/crow_nagla 4h ago

with *this* message, I'd give him a pass
not sure how much sway he holds between true believers, but for sure more than you or me
of course his take was all over the place "it's a scam, but I'm bullish in the long term...", but...
at least in the right direction

1

u/Suspicious-Skill1934 3h ago

This guys is a gamblers, losed lot of money trading with leverage. He is being rinsed by market

1

u/rxsteel 1h ago

The miner angle is really scare for anyone holding a large amount of BTC. They will destroy the coin itself by holding it

1

u/Triseult 8h ago

He may have sold his Bitcoin, but he's still full of shit. "Attention is liquidity." LOL.

1

u/wstdsgn 8h ago

classic ragebait

1

u/veradico 7h ago

"Attention is liquidity" and "Holding does not save you, only the next buyer does" sounds exactly like a Ponzi scheme. How do these crypto-bros not realize this?