These Crypto (Brokers?) are all a Ponzi scheme. Or what I refer to as "lifestyle companies". Their lifestyle - not yours.
So. They charge you a commission to buy in, and a commission to sell out. They also take their large salaries out of the pool. Therefore they rely on new people buying in, to pay-out any leaving. That works, until there is a slump. If new chumps stop buying in, there logically is insufficient funds to pay out those wanting to cash in their holdings. All the dealers/brokers hope, is that the price of the crypto will fall sufficiently for them to have the funds to pay them out. If not. Stuff them. Declare bankruptcy.
Works every time....Marum.
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These Crypto (Brokers?) are all a Ponzi scheme. Or what I refer...
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