If YOU would like to be on The Mysterious and Private FR CRYPTO PING LIST,
please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Shiba, and Other coins built on the Ethereum, blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
Amazing. And it could all disappear in an instant.
Waiting for the get-off-my-lawners to come in and scream “I don’t understand it, so it must be a Ponzi scheme!” in 3-2-1…..
Tulips were more of an “asset”.
Digital will implode with fury.
Their supposed number one asset is worth less than two trillion. Seems they forgot to include regular non crypto currencies like the USD which is around 80 trillion considered broadly, albeit only about 2 trillion is in circulation.
(very valuable) tulips
Bitcoin or any cryptocurrency grift-token is not an asset.
Without fiat... bitcoin and crypto has ZERO value. Crypto simply is fiat being stored and transacted under an alias, a unit of account named ‘XYZ’ crypto. Crypto has ZERO fundamentals, based on air and is tied only to fiat that gives it its value... nothing else does. Of course since fiat is based on air... that makes crypto as worthless as fiat, more air.
There are almost 10,000 ludicrous and clown-named crypto token-banks hosted on smart contract enabled BC’s. Most all are ponzi-grift tulip schemes that will never leave the exchanges. They exist only to rob suckers of their fiat by those who created the token-bank and hold the lions share... and by the manipulation by players that day-trade them. Crypto is the object of grift by the grifter industry.
Crypto nonsense is beyond pink fairies and unicorn fantasy. The crypto exchanges are a clown show of pyramid theft and are absolutely laughable having shown no restraint in listing completely useless and most ridiculous named garbage grift-tokens that only a child could come up with.
Crypto has become a joke and a 100% grift industry with almost 10,000 sham tokens created by scammers.
The exchanges are nothing but gambling houses that offer goofball named casino chips(crypto/tulip receipts)for placing bets on one big table game called ‘Tulips.’.. The world’s largest online Ponzi game. You can never own crypto... ony a receipt of a named unit of account you traded your fiat for. You either own the receipt in your private wallet or an exchange owns it that is tied to your exchange accout. Either way... regardless... ALL crypto holdings are receipts for fiat, unit-of-account quantity that exist in a database. Crypto tokens have no physical form or reality, only physical attributes that exist as logical properties. So, no... crypto is not real and CANNOT by definition be an asset class since it doesn’t actually exist but only as a simulation within a computer.
None of these garbage crypto names will ever leave the exchanges and find practical use as a vehicle for fiat transmission, because they were never created for utility... only as grift to take your money by snake oil salesmen who created them.
Tulip Mania.
South Sea Bubble.
Bit coin...
It took me a long time to care enough to figure out bitcoin. Bitcoin is a stock which gets bought and sold in an unregulated market. Bitcoin produces no product or service. Its value depends purely on hype, and how well the hype stimulates buyers to buy it. In other words, it’s a pyramid scheme. We have laws against selling stock which matches pyramid criteria, but it seems the laws only apply in regulated markets.
If you have bitcoin, and you want to buy a T-shirt you’ll have a problem finding a T-shirt vendor who wants bitcoin. That said there are two aspects of bitcoin which would appeal to traders: 1) Bitcoin transactions don’t seem to be traceable or reportable. 2) For its value Bitcoin doesn’t depend on on a government which is printing and issuing more of it than the government owns.
the thing that is most disappointing about these threads is that there is zero desire to honestly investigate the use cases for Ethereum, and even Bitcoin...the former is the leader, but the latter is actually catching up
these threads bring out characteristics which are more like liberals, rather than thoughtful conservatives interested in truth...alas
“There’s already been more institutional money invested in digital assets in 2021 than in all of 2020, according to a new report from CoinShares. “
To all you tulip trolls, this is 2021, not 2011...
If you have passbook savings, mattress savings, CD’s T-bills, bonds, or precious metals, you are getting raped by government funny money. If you are into stock index funds or real estate, you are only keeping up (try dividing the rise of the S&P 500 or real estate vs the rise in the fed balance sheet, and you will see how flat these investments are). The only investments that have consistently exceeded inflation are FAANG stocks and crypto.