Reply to post: Just another hare brained Ponzi scheme

Cryptocurrencies to end in tears, says investor wizard Warren Buffett

David Roberts Silver badge
Unhappy

Just another hare brained Ponzi scheme

There is no underlying value, and at some point you are going to run out of suckers.

And yet.....this was the tune when the nominal price was $100 and $1,000 and....the standard warning is always past performance is no guarantee of future performance. What if it defies current theory and just stays up there?

I will be avoiding anyway, but as I can't explain the current valuation I can't be sure that it is wrong.

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