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Re:Why All Cryptocurrency Should Die in a Fire by ur-whale on Saturday May 14, 2022 @09:31AM (#31377751)
> the difference is that some of us knew it was a scam right away

Jeez, you must be a very rich man by now, with all the extensive shorting of crypto this amazing early insight must have allowed you to execute.

Congratulations.

Re:Why All Cryptocurrency Should Die in a Fire by cesarb on Saturday May 14, 2022 @09:39AM (#31377813)
> with all the extensive shorting of crypto this amazing early insight must have allowed you to execute.

Those who have these insights usually also know the aphorism "markets can remain irrational longer than you can remain solvent".

Re:Why All Cryptocurrency Should Die in a Fire by dirkt on Saturday May 14, 2022 @09:42AM (#31377841)
Knowing that something is a scam is very much not the same as wanting to get onboard with the scam.
Re:Why All Cryptocurrency Should Die in a Fire by polygamous_bat on Saturday May 14, 2022 @09:55AM (#31377945)
> with all the extensive shorting of crypto

You mean in unregulated centralized exchanges like binance and FTX, whose entire existence depends on the existence of these Ponzis? When they can just press a button, cause a flash spike, and liquidate all of your winning whenever they feel like it?

Yeah, I'm sure that works perfectly. After all, why would they be dishonest?

Re:Why All Cryptocurrency Should Die in a Fire by throwk8s on Saturday May 14, 2022 @10:11AM (#31378082)
The volatility of cryptocurrencies makes shorting them risky. Even if the eventual value is zero, they might go up to any arbitrary number between then and now.