Donate SIGN UP

Beginning Of The End For Crypto?

Avatar Image
ToraToraTora | 15:59 Fri 11th Nov 2022 | News
12 Answers

Answers

1 to 12 of 12rss feed

Avatar Image
If you have invested heavily in bitcoin (or some other crypto currency) you should ask yourself; should everyone decide to cash in their holding – what assets exist to pay out the entire crypto currency in real money? I see another South-Sea bubble, only much, much worse.
07:16 Sat 12th Nov 2022
Nope.
Stan - would you buy a used car from that man?
It reads like a standard bank failure from the 1870s
too many people see to withdraw their money and the bank closes its doors
Here is another one
https://en.wikipedia.org/wiki/Charlie_Shrem

who did time for using Bitcoin - - - - carelessly
( didnt make sure it wasnt used for money laundering)

sozza double neg there - he should have made sure that there was no money laundering and didnt
// Nope //

Says Roy, hoping he hasn't lost his life savings :-)
Far far more people have lost their fortune on the established stock markets than on crypto markets.

I am not convinced on Crypto, but the ideas behind it are sound. This is a minor setback, and proper legitimacy is near.

The international banking system is rife with criminality, and is desperately in need of industry disruption. And no one will shed a tear when people turn their back on them and many of them are culled.
If you have invested heavily in bitcoin (or some other crypto currency) you should ask yourself; should everyone decide to cash in their holding – what assets exist to pay out the entire crypto currency in real money?

I see another South-Sea bubble, only much, much worse.
Bitcoin over the past 12 months has gone from £50k down to £14k. Sure folks lose money gambling on shares but I think I would rather have had my £50k in a FTSE100 tracker.

(other cryptos are available)
I am not convinced on Crypto, but the ideas behind it are sound.
any refs for the ideas?

Both Charlie Shrem and I had the same ideas - he did time and I did not, but my father was a POW - tins of tuna and cigs were the currency. Charlie boy saw that you cd put all the tins in er a bank or store and just keep tally of what belongs to each con . ( for tin read cig, POW camp) But the records have to be accurate - in his case multiple uptodate and on a computer.
The odd thing was that both cigs and tuna are consumable

but I wd like more cerebral ideas....
DOI dont go near crypto - obvious scam
Question Author
Yes Hymie, It would only take a small trickle of sellers to precipitate a waterfall and the price could crash very quickly. Tulip mania, South Sea bubble, Dot com bubble......crypto bubble? Any I am delighted to award a BA to you.
-- answer removed --

1 to 12 of 12rss feed