this post was submitted on 06 Dec 2024
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It's an unregulated security. It's illegal to pump and dump Netflix stock, but not StoopidCoin. No laws were broken. And it's only going more 1929 from here...
The cycle isn't a century long, but 80-90 years
https://en.wikipedia.org/wiki/Tulip_mania
It’s “illegal” to financially manipulate regulated securities*
~*unless~ ~you’re~ ~insanely~ ~rich~ ~and~ ~know~ ~the~ ~right~ ~people,~ ~lawyers,~ ~and~ ~loopholes~