It absolutely a casino, its been that way for a while but now it's just sucking in more capital and more people with promises of easy riches and now that cash flowing around makes big news and bringing in more people and so the casino gets crazier
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Gotta to keep the business going, that's how the unfortunate ones get played over and over
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The public always become the suckers bet, if retail is stuck with the bag it's their own fault, if hedge funds and banks are stuck with the bag, they get a bailout and the taxpayer pays it so, either way, same people lose
So it's basically a circular shit, it all meets back to one point, real suckish
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Wouldn't you take unlimited bets if you knew you never had to pay for it? Thats the moral hazard we live in when people don;t have ownership of their money