Results 1 to 9 of 9
Like Tree31Likes
  • 2 Post By Bestbud
  • 5 Post By HARRISON
  • 5 Post By Daveyw
  • 2 Post By HARRISON
  • 5 Post By KammieD
  • 1 Post By nuk_1
  • 4 Post By ribshaw
  • 3 Post By Daveyw
  • 4 Post By Whip

Thread: Crypto is crashing hard as bitcoin falls below $6,000

  1. #1
    Bestbud is online now Elite Scambuster
    Join Date
    Dec 2014
    Posts
    2,692

    Crypto is crashing hard as bitcoin falls below $6,000

    "The value of the entire cryptocurrency market has fallen by around 10% over the last 24 hours, according to CoinMarketCap.com."

    https://www.businessinsider.com/bitc...18-8?r=UK&IR=T

  2. #2
    HARRISON's Avatar
    HARRISON is offline Senior Scambuster
    Join Date
    Feb 2013
    Posts
    1,170

    Re: Crypto is crashing hard as bitcoin falls below $6,000

    Quote Originally Posted by Bestbud View Post
    "The value of the entire cryptocurrency market has fallen by around 10% over the last 24 hours, according to CoinMarketCap.com."

    https://www.businessinsider.com/bitc...18-8?r=UK&IR=T
    I always thought crypto currency was fools gold. It never had any value other than the supply and demand for it. The whole mining process of solving maths puzzles in computers so you can 'mine' the money is absurd: The Emperor Has No Clothes

  3. #3
    Daveyw is offline Senior Member
    Join Date
    Feb 2016
    Posts
    386

    Re: Crypto is crashing hard as bitcoin falls below $6,000

    A colossal waste of resources too. Not just the amount of electricity it takes to mine thin air (crypto) which is ridiculous.
    If the amount of computing power they use was put to some purposeful use. Imagine what good be achieved.

  4. #4
    HARRISON's Avatar
    HARRISON is offline Senior Scambuster
    Join Date
    Feb 2013
    Posts
    1,170

    Re: Crypto is crashing hard as bitcoin falls below $6,000

    Quote Originally Posted by Daveyw View Post
    A colossal waste of resources too. Not just the amount of electricity it takes to mine thin air (crypto) which is ridiculous.
    If the amount of computing power they use was put to some purposeful use. Imagine what good be achieved.
    Mining Thin Air! Nice one...so true!

  5. #5
    KammieD is online now Junior Member
    Join Date
    Aug 2018
    Posts
    5

    Re: Crypto is crashing hard as bitcoin falls below $6,000

    Cryptocurrency and blockchain are the world's largest scams ever, IHMO.

  6. #6
    nuk_1 is offline Member
    Join Date
    Sep 2017
    Posts
    67

    Re: Crypto is crashing hard as bitcoin falls below $6,000

    Quote Originally Posted by KammieD View Post
    Cryptocurrency and blockchain are the world's largest scams ever, IHMO.
    The blockchain concept definitely has a future and serious potential value. Cryptocoins? Ehhh....not so much, except in limited capacities that traditional banking either tries to shun or can't figure out a universal solution for like legal pot industry in the USA, gambling, porn, and of course, illegal stuff. That means crypto not on Bitcoin-like public ledger blockchain but on obscured blockchains like Monero and a few others use. Even then, it sure won't be widespread ever and will have a real liquidity problem.

    NUK

  7. #7
    ribshaw's Avatar
    ribshaw is offline Nigerian Ministry
    Join Date
    Feb 2013
    Location
    Internet Cafe Nigeria
    Posts
    6,073

    Re: Crypto is crashing hard as bitcoin falls below $6,000

    I thought this https://www.barrons.com/articles/blo...ype-1534554901 was an interesting article on blockchain.




    Crypto in general seems like a lot of smoke and mirrors with little universal application. Despite the foot stomping most is the ultimate "fiat" created from thin air and backed by nothing. At least governments have assets and the ability to tax kinda back what they print. We've heard from gold bugs for years that the dollar will collapse, and some day it might. People who think this can simply short the dollar(bet on its decline) or buy any manner of hard assets on established exchanges with zero counterparty or risk of theft.

    Other than the massive price run much like Beanie Babies I'm still at a loss as to the why of crypto.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  8. #8
    Daveyw is offline Senior Member
    Join Date
    Feb 2016
    Posts
    386

    Re: Crypto is crashing hard as bitcoin falls below $6,000

    You're not alone, even the names wrong. Everyone's running about calling it crypto currency when they're trading it like a stock. Theyre digital assets, and even that's debatable.

    https://blokt.com/news/over-50-perce...mpression=true

    IMG_20180820_181532.jpg
    IMG_20180820_181502.jpg

  9. #9
    Whip's Avatar
    Whip is offline Anonymous. As are you all
    Join Date
    Jun 2010
    Posts
    6,585

    Re: Crypto is crashing hard as bitcoin falls below $6,000

    it's vaporware
    Haven't lost any money to online scams.......results are typical.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42