Bitcoin

[BodeMiller1]

Is there something about AZ that attracts these spam bots? I frequent a few message boards and this is the only one that has these new age spam bots. And they spam here quite often.

File under: I can't handle the truth.

 

[Richard Lineback]

All of these will go to Zero unless you start using the tools by 3commas.

Some people say that It's exactly the same thing as the The Holland Tulip Bulb crash...

Tulip mania - Wikipedia

en.wikipedia.org

A couple of my buddies invested in these and I told them :

I believe that this time it will all end up in a different way, my opinion

 

[BodeMiller1]

File under: I can't handle the truth.

Actually, think you're right it would be impossible for a person to think these Ponzi scams have anywhere to go butt down.

 

[BodeMiller1]

We all know this would never go anywhere. Butt, I never saw all of the indictments coming. Looks like the Feds are going to have to build a crypto - prison.

It was fun while it lasted.

 

[BodeMiller1]

Bitcoin isn't worth the paper it's printed on. If they could afford paper.

 

[BodeMiller1]

Everyone says that bitcoin is the future, but I prefer paper money.

Since The United States stopped backing the paper bills the dollar is only worth what you perceive it to be.

Crypto, chains and chain letters are or could be ponzi scams. When you pay with a credit / debit card the merchant eats a 1.5% to X% of the top of the transaction (thus $5.00 min purchase at coffee shops, etc.

By using cash it saves everyone $. On the other hand it's easy to steal.

So thanks dude

 

[BodeMiller1]

The U.S. Dollar is not a fiat currency, it's backed up by the gold held in Ft. Knox. our national parks and the fact that we can destroy those in error.

 

[BodeMiller1]

While security breaches highlight the vulnerability of exchanges, they might also emphasize the importance of securing one's own cryptocurrency holdings through safer means like hardware wallets

This is a ponzi scam... No value

 

[BodeMiller1]

Some of the pros on wall street are saying you should dollar cost average into Bitcoin. They are wrong, the SEC is forcing these companies to report gains and losses to them. Further, The I.R.S. is going after investors they feel owe them money;; even though they admit they do not have perfect visibility on crypto accounts. So, the wild west days are over and the sharks will short these assets to absolute zero.

If you live in a third world country and have no access to banks this may be your only option. If you live in the industrialized world you would be a fool to invest in these Ponzi Schemes.

 

[BodeMiller1]

With so many Cryptocurrency Execs going to prison for fraud what's not to like. When this has run it's course maybe someone will count how many people got into serious legal trouble or just got ripped off.
These financial instruments are good for the third world where there are no safe banks.

 

[Rob Forster]

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It is absolutely true about US Dollar but not BTC.

 

[Phantom Freakz]

With so many Cryptocurrency Execs going to prison for fraud what's not to like. When this has run it's course maybe someone will count how many people got into serious legal trouble or just got ripped off.
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After Trump won I believe that crypto overall will have bright future. Especiallly with the impact of Musk on Trump.

 

[Masissoyoo]

With so many Cryptocurrency Execs going to prison for fraud what's not to like. When this has run it's course maybe someone will count how many people got into serious legal trouble or just got ripped off.
These financial instruments are good for the third world where there are no safe banks.

Cryptocurrency's rise highlights both its potential and pitfalls—offering opportunities in underbanked regions while exposing many to fraud and legal risks.

 

[BodeMiller1]

Cryptocurrency's rise highlights both its potential and pitfalls—offering opportunities in underbanked regions while exposing many to fraud and legal risks.

No, they are an easily exploitable M1? You can short them, and they will go to zero.

 

[David Lyncher]

Some of the pros on wall street are saying you should dollar cost average into Bitcoin. They are wrong, the SEC is forcing these companies to report gains and losses to them. Further, The I.R.S. is going after investors they feel owe them money;; even though they admit they do not have perfect visibility on crypto accounts. So, the wild west days are over and the sharks will short these assets to absolute zero.

If you live in a third world country and have no access to banks this may be your only option. If you live in the industrialized world you would be a fool to invest in these Ponzi Schemes.

I get where you're coming from, but calling crypto a straight-up Ponzi scheme is a bit of a stretch, don't ya think? Sure, the regulatory landscape is changing with the SEC and IRS getting more involved, but that's actually a sign of legitimacy rather than impending doom. The volatility we see is pretty normal for emerging asset classes, gold and stocks went through similar wild swings before they matured. Yeah, there are definitely risks, but there's a difference between acknowledging those risks and claiming everything's going to "absolute zero." For what it's worth, I've got a small portion of my portfolio in Bitcoin, not betting the farm, just enough that I won't kick myself if it takes off. Maybe instead of writing it off completely or going all-in, the sensible approach is treating it like any high-risk investment: only put in what you can afford to lose. At the end of the day, traditional finance has had plenty of scams and crashes too, so let's not pretend Wall Street is some pristine haven of responsible investing compared to crypto.

 

[BodeMiller1]

I get where you're coming from, but calling crypto a straight-up Ponzi scheme is a bit of a stretch, don't ya think? Sure, the regulatory landscape is changing with the SEC and IRS getting more involved, but that's actually a sign of legitimacy rather than impending doom. The volatility we see is pretty normal for emerging asset classes, gold and stocks went through similar wild swings before they matured. Yeah, there are definitely risks, but there's a difference between acknowledging those risks and claiming everything's going to "absolute zero." For what it's worth, I've got a small portion of my portfolio in Bitcoin, not betting the farm, just enough that I won't kick myself if it takes off. Maybe instead of writing it off completely or going all-in, the sensible approach is treating it like any high-risk investment: only put in what you can afford to lose. At the end of the day, traditional finance has had plenty of scams and crashes too, so let's not pretend Wall Street is some pristine haven of responsible investing compared to crypto.

No, it''s not a stretch. Look at all of the fraud. Look at Trp and his balance sheets. DEBT and fraud.
In finance the.tulip scams in the 1800's are used as an example of people throwing all of their money at "a sure thing".
If you buy an asset and there is nothing backing it up???

 

[BodeMiller1]

In New Hampshire we had a ton of fraud out of Keene. These are not real, butt synthetic "currencies".

Enron derivatives, et al. meow

 

[Jessie James]

I get where you're coming from, but calling crypto a straight-up Ponzi scheme is a bit of a stretch, don't ya think? Sure, the regulatory landscape is changing with the SEC and IRS getting more involved, but that's actually a sign of legitimacy rather than impending doom. The volatility we see is pretty normal for emerging asset classes, gold and stocks went through similar wild swings before they matured. Yeah, there are definitely risks, but there's a difference between acknowledging those risks and claiming everything's going to "absolute zero." For what it's worth, I've got a small portion of my portfolio in Bitcoin, not betting the farm, just enough that I won't kick myself if it takes off. Maybe instead of writing it off completely or going all-in, the sensible approach is treating it like any high-risk investment: only put in what you can afford to lose. At the end of the day, traditional finance has had plenty of scams and crashes too, so let's not pretend Wall Street is some pristine haven of responsible investing compared to crypto. Yo I was tryna grab some SOL and didn’t want to mess with ID checks or clunky apps that take hours. Found SimpleSwap and it was a breeze. No accounts or forms. Literally just tossed in my wallet, picked the coin, boom. They’ve got over 900 coins and support for 60+ fiat currencies. The whole thing took like 8 minutes. My Sol showed up and I didn’t even break a sweat. So if you’re sick of crypto drama try this instead Simple Swap and thank me later. It’s like crypto swap but make it stress-free. For once someone got the user experience right.

I’m not saying every part of crypto is a Ponzi, but you gotta admit a lot of it feels like smoke and mirrors right now. I mean, the tech's cool and all, but when 90% of tokens are just hype with no real utility, it's hard not to be skeptical. Regulation might help long term, sure, but in the short term it’s also scaring off a lot of the wild money that was propping things up. I respect the “only invest what you can lose” mindset, honestly that should apply to any high-risk play. But we’ve gotta call out the nonsense too, or the space never matures. I’m not anti-crypto, I’m anti-BS.