BIT COIN (S)

[Tramps_mate]

This'll crash and burn.

Was talking about ICO's today. It's the future by the look of it but there's a lot of very shady undertones around the crypto-currencies.

Next one will be Ethereum. IBM are backing it massively, but you can currently only buy them with bitcoins.

 

[Bruce Wayne]

This'll crash and burn.

Was talking about ICO's today. It's the future by the look of it but there's a lot of very shady undertones around the crypto-currencies.

Next one will be Ethereum. IBM are backing it massively, but you can currently only buy them with bitcoins.

ICOs are a whole nother level of con. If you actually look at the business fundamentals of many of them, they're barely worth £10, let alone the millions they're raising. It's utter madness.

 

[orly]

Starting to see murmurs of discontent online now, people switching to alternative bitcurrencies, trading into currencies they have no idea about.

Mayhem soon.

 

[Efcjake]

Nothing to worry about if your investment value "corrects" itself to 33% less than what it was worth.

 

[orly]

ICOs are a whole nother level of con. If you actually look at the business fundamentals of many of them, they're barely worth £10, let alone the millions they're raising. It's utter madness.

So you give them your legal tender in exchange for a percentage of this magical cryptocurrency they have just created??!?!

This is madder than the dark days of the dotcom startups and subprime products. You are buying literally nothing.

 

[orly]

Nothing to worry about if your investment value "corrects" itself to 66% less than what it was worth.

On threads like that, the negatives (like stories about declined withdrawals and theft of cryptocurrency) are down voted into oblivion.

But in the brave world of cryptocurrency, there is no control.....

 

[COYBL25]

Nothing to worry about if your investment value "corrects" itself to 66% less than what it was worth.

Kev aint worried, he`s the new Wolf of Wall Street

 

[Efcjake]

On threads like that, the negatives (like stories about declined withdrawals and theft of cryptocurrency) are down voted into oblivion.

But in the brave world of cryptocurrency, there is no control.....

Got to keep everyone positive to prevent the herd mentality causing a massive crash.

 

[peteblue]

So you give them your legal tender in exchange for a percentage of this magical cryptocurrency they have just created??!?!

This is madder than the dark days of the dotcom startups and subprime products. You are buying literally nothing.

Tulip mania........

A few will make millions and millions will lose .........it's a ponzi scheme for the geeks........

 

[SerenityNigh]

Nothing to worry about if your investment value "corrects" itself to 33% less than what it was worth.

My wealth advisors frequently call me and caution me to HODL my investment. Nothing to see here, folks.

 

[Efcjake]

My wealth advisors frequently call me and caution me to HODL my investment. Nothing to see here, folks.

I'd say there's a different level of vested interest.

Are your wealth advisors also owners of those investments alongside you who stand to lose out should you decide not to HODL ?

Because the fella who made that post stands to benefit from preventing panic taking hold in the market as that panic affects the value of his own holding.

That fella isn't a wealth advisor. He's just one step in the pyramid scheme doing his best to protect his investment value.

 

[peteblue]

Nothing to worry about if your investment value "corrects" itself to 33% less than what it was worth.

This says it all really. Those that bought at $400 are not bothered about it falling to a couple of thousand because they are still profiting. But they need mugs to buy and raise the price......

 

[peteblue]

I'd say there's a different level of vested interest.

Are your wealth advisors also owners of those investments alongside you who stand to lose out should you decide not to HODL ?

Because the fella who made that post stands to benefit from preventing panic taking hold in the market as that panic affects the value of his own holding.

That fella isn't a wealth advisor. He's just one step in the pyramid scheme doing his best to protect his investment value.

Beat me to it...

 

[orly]

I'd say there's a different level of vested interest.

Are your wealth advisors also owners of those investments alongside you who stand to lose out should you decide not to HODL ?

Because the fella who made that post stands to benefit from preventing panic taking hold in the market as that panic affects the value of his own holding.

That fella isn't a wealth advisor. He's just one step in the pyramid scheme doing his best to protect his investment value.

We're getting to the 250,000 Liverpool fans in Instanbul mark now, where everyone has to mention they were in Bitcoin from 2015 onwards or risk being called a "new hand".

The meme buzzwords are red flags, they have been carried over from 4chan etc.

Who is behind all this and why are lots of people giving them their money?

 

[Efcjake]

We're getting to the 250,000 Liverpool fans in Instanbul mark now, where everyone has to mention they were in Bitcoin from 2015 onwards or risk being called a "new hand".

The meme buzzwords are red flags, they have been carried over from 4chan etc.

Who is behind all this and why are lots of people giving them their money?

I'd forgotten the mystery creator bit. A whole other factor of risk and lack of trust.