Author Topic: Rock bottom yet again  (Read 244 times)

Offline N-drju

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Rock bottom yet again
« on: August 28, 2018, 07:55:20 AM »
I read some articles this morning and apparently another Bitcoin crash happened. I remember a discussion we once had about how prudent would it be to convert all fiat money from one's account and how it is the only thing a right-thinking person should do to preserve their wealth.

This "wealth" is now down back again to 40% of its pre-crash value. I'd love to hear crypto-enthusiasts wage in on this. ::)
"When dictatorship is a fact, revolution becomes a right."

Offline WASasquatch

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Re: Rock bottom yet again
« Reply #1 on: September 01, 2018, 04:05:45 PM »
I read some articles this morning and apparently another Bitcoin crash happened. I remember a discussion we once had about how prudent would it be to convert all fiat money from one's account and how it is the only thing a right-thinking person should do to preserve their wealth.

This "wealth" is now down back again to 40% of its pre-crash value. I'd love to hear crypto-enthusiasts wage in on this. ::)


Just going to add one thing that was iterated a lot back when "Bitcoin" originally  first started. It is a gimmick trade. It's prone to just far to many variables to be reliable. This is why people jump on new trades, and cash out as soon as possible, as they fold. I tried to help my living situation be mining with my RX480, and I accumulated near 700USB, with a minimum of 1000USD to cash out. The whole system folded and they ran with everyones money. No one knows who they are, or where they went. I made them a nice 700. This recently happened to a friend with a lot more money that he had been sitting on and never cashed out.
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Offline N-drju

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Re: Rock bottom yet again
« Reply #2 on: October 15, 2018, 09:47:10 AM »
To come back to this topic briefly - here's a brand new message to the wall of tears:

https://www.ccn.com/exposed-bitcoin-scam-used-new-zealands-prime-minister-as-an-endorsement/

I read numerous leaflets coming from banks, regarding financial options like long-term investments, deposits etc. It is impossible (in my country at least) to find a financial product commercials by respected financial institutions and banks that feature politicians, actors or artists as the ones endorsing them. In fact, even murky and unknown businesses don't do it!

If someone is trying to lure new clients and crypto-miners with ads that have famous faces and fake stats on them, something is definitely rotten. Today's special at a restaurant was found to be a big, fat lie... ::)

Interestingly enough, notice that an article that follows is about Manny Pacquiao launching a new cryptocurrency of his... Fake? True?
"When dictatorship is a fact, revolution becomes a right."

Offline Rich2

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Re: Rock bottom yet again
« Reply #3 on: October 16, 2018, 06:53:46 PM »
The concept of creating and using money that really isn't money sounds to me to be only one thing: CRIMINAL.
My mood ring stopped working today.  I'm not sure how I feel about that...

Offline PabloMack

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Re: Rock bottom yet again
« Reply #4 on: October 31, 2018, 04:03:31 PM »
Stocks represent companies that actually do something. Investments like BitCoin were designed from the beginning to help insiders make money at the expense of everyone else.

 

anything