An ECB paper explains that early adopters of bitcoins are stealing from later adopters as they profit from the price increase linked to adoption.
This is not a tulip prize, but we will have to think about creating a Stalin prize...
Where is the mistake? Basically, why did the "early adopters" legitimately make money?
The answer is obvious: The market compensated them for taking the risk.
More fundamentally, this is the definition of speculation: Making a projection into the future to anticipate a movement in prices or value.
Whoever thinks speculators are stealing their money, give me the list of the next 5 stocks that will make +200% performance in 6 months! (And let them take the risk on my behalf since there is no risk ;)
The most worrying thing is that this type of paper reflects the ideological construction of the political and administrative structure that is the ECB...
If you want to make more money in the world of DeFi (the cryptocurrency universe), invest your time in mastering the basics of investing and #FutureTarding
Start by trading $BTC which has more controllable volatility than #Altcoins
