spooderman
Legendary
*
Offline Offline

Activity: 1540
Merit: 1001


View Profile WWW Personal Message (Offline)

Ignore
December 11, 2014, 11:07:33 AM

A long video to explain that dumping more money into AIG is a bad idea and that this somehow indicates that buying into a falling price of a brilliant technology is a bad idea too.

AIG is not bitcoin you mouth breather. AIG wasn't quite a scam, but it did function as the buffer exploited to death by Goldman Sachs who knowingly sold awful CDOs to retirement funds while betting against them in the derivatives market. Trouble is they bet correctly! So correctly that AIG collapsed instantly the minute the CDOs showed themselves to be the shit that they were.

Never mind they all got bailed out by loads of money printing and socialism for the wealthy continued.

Funnily enough bitcoin is the most direct solution to this once unstoppable scam!

But yeah sell it because other people are selling it and you should always follow trends AIG went down once and died, so bitcoin will do the same.

Jorge on form as usual.