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crypto biggest scam in history

923 128 February 19, 2018 at 09:23 PM
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Last Edited by phillint February 21, 2018 at 07:56 PM
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10 Comments

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Joined Mar 2007
L10: Grand Master
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#2
Another banker doesn't like cryptocurrencies? Shocker!
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#3
Well duh. It's a currency based on absolutely nothing (Not much different than federal reserve notes, but still...)
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Joined Sep 2007
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#4
it's pure speculation, until crypto is actually widely adopted and used it will be speculative at best. Any asset that loses and gains 80% of it's value in a matter of hours is not something 99% of people are going to want to accept as a payment method. If I sell you a bottle of water for 1 coin of X and that coin is worth $1 right now and in 10 minutes it's likely to be worth 7 cents why would I do that? Until there is stabilization (through mass adoption and use) that's just the way it's going to be. There is massive manipulation in that unregulated space, making some people unheard of profits, it is a zero sum game until the government steps in, and they will in due time.
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#5
Seems great to me I was thrilled when it broke $5. Even moreso at $100 and later $1000. Now I'm set and don't need to worry even if it drops to nothing. Its Monopoly money now.

You missed the train. Wait for another one.
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#6
Quote from vairox
:
it's pure speculation, until crypto is actually widely adopted and used it will be speculative at best. Any asset that loses and gains 80% of it's value in a matter of hours is not something 99% of people are going to want to accept as a payment method. If I sell you a bottle of water for 1 coin of X and that coin is worth $1 right now and in 10 minutes it's likely to be worth 7 cents why would I do that? Until there is stabilization (through mass adoption and use) that's just the way it's going to be. There is massive manipulation in that unregulated space, making some people unheard of profits, it is a zero sum game until the government steps in, and they will in due time.
It is pure speculation and some of the swings have been huge, but none of the top currencies have gained or lost 80% of their value in a matter of hours. That's a huge exaggeration.
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#7
Quote from CrazyAF
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It is pure speculation and some of the swings have been huge, but none of the top currencies have gained or lost 80% of their value in a matter of hours. That's a huge exaggeration.
I submit to you, TRX. 30 cents to 4 cents.
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#8
Quote from vairox
:
I submit to you, TRX. 30 cents to 4 cents.
TRX is not a top coin its a shitcoin. Shilled by speculation and not truth.
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Last edited by 53caddy March 1, 2018 at 12:21 PM.

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#9
Quote from Aseras
:
Seems great to me I was thrilled when it broke $5. Even moreso at $100 and later $1000. Now I'm set and don't need to worry even if it drops to nothing. Its Monopoly money now.

You missed the train. Wait for another one.
I'm a big fan of bitcoin, but I still there is a lot of money to be made on it. I wouldn't be telling people to catch another train when this one still has steam. I am a little more bullish on Ethereum tho. I think it can still 5x in value.... maybe more when staking comes.
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#10
It may be a scam, but I've played the game and made quite a bit of money. Maybe the "hodling" days are over, but as long as you can find someone else to buy your Monopoly money for more than you did, why be concerned that it may be a scam.
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#11
Quote from Burgerwars
:
It may be a scam, but I've played the game and made quite a bit of money. Maybe the "hodling" days are over, but as long as you can find someone else to buy your Monopoly money for more than you did, why be concerned that it may be a scam.
Spoken like a proud member of a ponzi scheme.
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