RIGZ...
Is the next one CHuMP? SUKA?
Earlier in the year when I read of huge gains in crypto I cursed myself for not checking it our earlier figuring I missed the boat.
Glad I did not check it out.
Obviously the ideal time for the government to ask the Treasury to shift to a digital cashless monetary system.
I love the term “mining”. The entities aren’t mining anything. The entities are just increasing the speed of turnover of transactions and calling that “mining”.
It appears RIGZ was actively RIGGED
Here’s how you stop ponzi schemes:
Last In….First Paid.
RIGZ was actively managed and provided market participants with exposure to the cryptocurrency mining industry...
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What’s in a name?
“Crypto mining ETF, which jumped 133% in first 4-months of trading, announces liquidation”
all aspects of the crypto world are wobbling right now, and if the wobble doesn’t stabilize soon, the whole shebang will implode, suddenly and spectacularly ..
I never bought any crypto but gave it some serious thought around 2012 when it was selling at $300 but my wife(now ex-wife) talked me out of it. I only intended to purchase one coin at $300 and see what happened but she insisted it was a waste. Fast-forward 5 years and that $300 investment would have been worth $10k-$15k. I would have sold it by then but was amazed people were still buying crypto, and that there was a dozen more besides Bitcoin.
Today I still have a small regret for not buying that single coin but I don’t lose sleep over it, but for all those people that invested their life savings and didn’t cash out after gaining 1000x the value of their original investment, they were greedy fools and I find I difficult to feel much pity for them.
It was obvious to me it was a scam headed for an inevitablecollapse after reading and watching interviews with SBF and his inbred mongoloid girlfriend.
The fact that there were so many wealthy educated idiots that believe those two turds convinces me that even though Joe Biden won via massive fraud, it is still possible there are 80 million idiots in this country that could have voted for him.
PING! For Crypto Ping List.
Another crypto scam gone bust. It won’t be the last
“ However, since the fund topped out at $56.63 a share on Nov. 9, 2021, it has plummeted to $4.07 a share. This equates to a 92.8% plunge.”
RIGGED
Hubby and I looked at investing in crypto early last year. We researched and read everything we could find on the subject and still could not understand how it would be a long-term money maker. Therefore, we decided to pass on it.
I’m so glad we did.
Mining Bitcoin and carrying ANY debt is a bad financial idea.