Cryptocurrency may be a scam after all

no, the central banks have a massive ponzi scheme thats going down soon with the negative interest rates. this monetary system as we know it is a total scam, meant to rob you.
like someone commented, btc is run by iundividual nodes across the globe, it cant be shut down. although there is about 80% of the circulating supply controlled by 2 % of wallets, but.... nonetheless, the usa is banning something that, under uc article 9, isnt defined.
just like with mmj, they have to find a way to come out on top , once they find out then they make it legal.
i am no economist but if you think holding on to dollars/fiat is a good thing then ill happily buy more btc and altcoins, .
this ponzi scheme we call central banks are not going to last for long.
id find a local btc guy and start buying btc everyweek.
coinbase sucks.
kraken is ok.
even btc atms which we have some if any business wants one or 2(cryptospace.com or dm me) those machines are watched by the SEC boys.never cash out anything more than a few grand..
this game is too deep.
 
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FYI, Negative interest rates is an instrument applied by central banks to encourage lending by making it costly for commercial banks to hold their excess reserves at central banks so they will lend more readily to the private sector. A mechanism to boost the economy growth during deflationary periods.
Ponzi? What's ponzi, the car you drive, the food you put on your table, the roads you use... the entire structure of the state that grants your very survival and comfortable life?
Why don't you people go on and head to the nearest jungle or desert and set yourself the perfect free life you so hypocritically claim is taken away from you by "institutions, government, greedy corporations blah muh meh blah"? Get your bitcoins with you and set yourself a stateless lawless commune to live in. See how you fare and how long before you kill each other out and starve to death. Not too long is my guess.
 
bartosimpsonio said:
If you've read my posts here you probably know I always rebuked threads claiming crypto was a scam.

Like I mentioned a couple days ago, I've been reading a few Twitter feeds and I'm beginning to convince myself crypto could turn out to be one of the greatest scams ever.

You people aware that almost all bitcoin traded every day isn't using dollars? You guys know that almost every exchange is creating their own version of "dollars"?

The stuff we see "x dollars" aren't dollars at all. I initially thought this was crazy, but it's true. It's made-up dollars. Unbelievable.
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LOL... Some of the major cryptocurrencies like bitcoin and ethereum has a strong background which is unlikely to be SCAM.

But the only problem with them facing everyone is the massive PUMP and DUMP by both whales "Banks" and the exchanges as well.

They say, Pump and Dump is the name of the game. Pump and dump is what is affecting the ordinary people like me and you to lose money.

I think majority of altcoins may turn out to be SCAM but not for coins like bitcoin and ethereum because they are just too big to fail - only market fluctuations.
 
WatchMaker said:
LOL... Some of the major cryptocurrencies like bitcoin and ethereum has a strong background which is unlikely to be SCAM.

But the only problem with them facing everyone is the massive PUMP and DUMP by both whales "Banks" and the exchanges as well.

They say, Pump and Dump is the name of the game. Pump and dump is what is affecting the ordinary people like me and you to lose money.

I think majority of altcoins may turn out to be SCAM but not for coins like bitcoin and ethereum because they are just too big to fail - only market fluctuations.
Click to expand...

Wait till the police step in about all the fake currency coins pretending to be real dollars. Millions of people will lose $ then, it's gonna be a shitshow.
 
@bartosimpsonio thread - best content ever.

I gotta' figure a way to scrape his threads, spin them so they don't look like Mickey Mouse wrote it and put it on a site with a CPA locker and bank.

Off to call my MB affiliate manager for an offer I can use for that.
 
WatchMaker said:
LOL... Some of the major cryptocurrencies like bitcoin and ethereum has a strong background which is unlikely to be SCAM.

But the only problem with them facing everyone is the massive PUMP and DUMP by both whales "Banks" and the exchanges as well.

They say, Pump and Dump is the name of the game. Pump and dump is what is affecting the ordinary people like me and you to lose money.

I think majority of altcoins may turn out to be SCAM but not for coins like bitcoin and ethereum because they are just too big to fail - only market fluctuations.
Click to expand...


You don't need police for that.Regulations will do that.You see already privacy coins being kicked out of exchanges making them going slowly down to natural death.
Crypto is no scam at all.It's a big marketing gag of big bankers to implement full digital currency into the new monetary system.
Next step are regulated stable coins,governmental stable coins and security tokens.
The rest will die.Bitcoin will have its peak arround end of 2020 and after that it will slowly die.
 
BassTrackerBoats said:
@bartosimpsonio thread - best content ever.

I gotta' figure a way to scrape his threads, spin them so they don't look like Mickey Mouse wrote it and put it on a site with a CPA locker and bank.

Off to call my MB affiliate manager for an offer I can use for that.
Click to expand...

Honored by dis post kind SIR.

I may depart but my shitposting legacy shall live on for the ages.
 
B1TCS said:
So, would you trust the federal reserve then?
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Why not? Federal reverse has been working for last 100 years with proven results.

And the crypto is here for only 10 years which crashes over 100 times.

As a smart guy which one are you going to trust, huh?
 
CryptoKujira said:
How does the saying go? "Past performance may not be indicative of future results." or something to that effect.
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Like if you had a job, a kid, a wife and a home yesterday then that's no indicative of you having a job, a kid, a wife and a home this morning or tomorrow morning? Nope. That's not what the "Past performance may not be indicative of future results." is about.
It's about gambling on a random events where previous outcomes in no way predict future outcomes. That is totally different. Life in general is very predictable in short (and longer) term if there aren't many gambling-like variables to it.
Gambling on the other hand is non-predictable period. Crypto is one of the worst forms of gambling.
 
Everyone's aware of the latest, right? Big lawsuit against Tether and Bitfinex on the horizon. 3 investigations ongoing. Tether prints like 40 million dollars in the past hour.

Some shit's going down. Stocking on popcornohshit.png .
 
Scorpion Ghost said:
As much as i like crypto...

Say NO to cashless society you cunts!!!
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Lol.

Unfortunately it's a losing battle. The payment processing companies are pushing hard for cashless society. Square will even give away hardware and offer no fees for six months if you agree to become cashless. The payment companies know, once they flip companies, they will have society by the balls, forever. Then, every single purchase of our lives can be data mined, tracked, etc. and most importantly, the payment processing companies will get a few of 100% of transactions. Trillion dollar industry.
 
CryptoKujira said:
Lol.

Unfortunately it's a losing battle. The payment processing companies are pushing hard for cashless society. Square will even give away hardware and offer no fees for six months if you agree to become cashless. The payment companies know, once they flip companies, they will have society by the balls, forever. Then, every single purchase of our lives can be data mined, tracked, etc. and most importantly, the payment processing companies will get a few of 100% of transactions. Trillion dollar industry.
Click to expand...

If this ever became a reality, how do you pay for anything when there's a blackout? And when internet's not available?
 
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