cryptocurrencies

Roubini is a crook, he robbed the poor to feed the rich.
He short sell stocks and pocket money from the retailers.
 
Mexicans drug lord also launder money, not a surprising news.
Wallstreet also got money laundering, Las Vegas casinos got more money laundering.
Everywhere in the world.
BTC price is not affected.
 
BTC, ETH all rebounds, they will become mainstream to lock your value of money, maybe better than gold. :D
 
Saint said:
BTC, ETH all rebounds, they will become mainstream to lock your value of money, maybe better than gold. :D
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Sell your house and put it all in BTC. Live in a tent for a few months. After that sell your BTC and buy a bigger house...you will be rich.
 
No, not so convenient in Malaysia.
The transaction fees of BTC is expensive,
no platform can guarantee my coins won't be missing.
 
I sold my BTC at 61k price, afraid it will burst and get trapped.
Wait for dip and buy again.
 
mathman said:
What is this craze about? Bitcoins, etc. have no intrinsic value. What drives their prices?
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You may find this article on other types of alternative currencies somewhat helpful. For the record.... I really don't understand these crypto currencies myself either but I do have an idea how Ithaca Hours or Calgary Dollars do work.


https://money.cnn.com/2012/01/17/pf/local_currency/index.htm?iid=F_Jump

Now, even state governments are exploring the option. Lawmakers in more than 10 states, including Virginia, Georgia, South Carolina, Idaho and Tennessee, have been circulating proposals to introduce alternative currencies -- many of which would be issued in the form of gold or silver coins.

The Constitution prohibits individual states from printing and issuing paper money as legal tender, but they are allowed to use coins as currency, said Gatch. Individual communities, however, are able to create their own currencies -- including paper notes. Anyone can do it -- as long as the money is easily distinguishable from U.S. dollars and values are tied to the U.S. dollar so that income remains taxable.

Fear factor: Francis Ayley, the founder of Life Dollars, a currency started in Bellingham, Wash., in 2004, said fear of a shortage of U.S. dollars and frustration with the growing wealth gap in the country are driving more people to his currency. Since a majority of the transactions occur online and funds are directly transferred between members, the supply of Life Dollars is unlimited, he said.

The number of people or businesses signed up to use the currency, or members as Ayley refers to them, had remained relatively stable at 250 to 350 for years. But in the past two years, membership has doubled to more than 700. The currency's use has expanded beyond Bellingham to Seattle, too, where 75 new members have signed on in the past six months. Ayley estimates that more than $1 million worth of transactions have been made so far.

Funny money? 11 local currencies
"Many people are short of cash because they are unemployed or under-employed ... many are questioning what they have been told about the economy and the way the free market supposedly works," said Ayley.
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Couple of ads popping up touting Bitcoin Evolution App(?)

Claims to automatically trade all (?) versions of cryptocurrencies skimming the cream off for you

Anyone convinced? know more about?

:)
 
Michael 345 said:
Couple of ads popping up touting Bitcoin Evolution App(?)

Claims to automatically trade all (?) versions of cryptocurrencies skimming the cream off for you

Anyone convinced? know more about?

:)
Click to expand...
I don't know anything about them, per se, but they seem to be dime a dozen, all of them offering the lure of high returns using their algorithms. All named Bitcoin Somethingorother.
I'm certainly not convinced by them, and wouldn't be without some reputable reviews behind them, not just "Joe from Birmingham" saying how good they are in what comes across as a scripted review. :)
 
It's a hedge against excessive wealth. When you start to make too much money you're Bitcoin holdings automatically decline to bring you down to Earth.
 
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