A lot of monkeys lived near a village
A lot of monkeys lived near a village.
One day a merchant came to the village to buy monkeys!
He announced that he will buy monkeys for $100 each.
The villagers thought that this man is mad.
They thought how can somebody buy stray monkeys at $100 each?
Still, people caught some monkeys and gave them to this merchant and he gave $100 for each monkey.
This news spread like wildfire and people caught more monkeys and sold them to the merchant.
After a few days, the merchant announced that the number of monkeys being brought was dropping off and he will now buy monkeys for $200 each.
The lazy villagers also ran around to catch the remaining monkeys!
They sold the remaining monkeys for $200 each.
Then the merchant announced that he will buy monkeys for $300 each!
The villagers started to lose sleep!
They caught six or seven monkeys, which was about all that was left, and got $300 each for them.
The villagers were waiting anxiously for the next announcement.
Then the merchant announced that he is going home for a week. And when he returns, as the monkeys were now so scarce, he will buy them for $1000 each!
He asked his employee to take care of the monkeys he had bought while he was away.
The merchant went home.
The villagers became very anxious as there were no more monkeys left for them to catch and sell at $1000 each!
Then the merchants employee told them that he will sell some monkeys @ $500 each secretly.
This news again spread like wildfire. Since the merchant said he will buy monkeys for $1000 each, there is a $500 profit for each monkey..
The next day, the villagers made a queue near the monkey cage.
The merchants employee sold all the monkeys at $500 each. The rich bought monkeys in big lots. The poor borrowed and begged for money from money lenders and also bought monkeys
The villagers took care of their monkeys & waited for the merchant to return.
But nobody came!
So they ran to the merchants employee . . .
But he had left, too!
The villagers then realized that they have bought the useless stray monkeys for $500 each and were now unable to sell them.
The Bitcoin is the next monkey business.
It will make a lot of people bankrupt and a few people filthy rich in this monkey business.
That’s how it will work . . .
Get out before all the monkeys have gone.