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Rob D

The Crypto coin thread

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If these crypto currencies want to create a working model that in't a speculative pyramid scheme which is what they are at the minute, a failing one mind..  Then they have to peg the value to something tangible...  Gold, or the dollar, or a basket of commodities..

 

Unless its pegged its gonna end up all over the place..   

 

If the creator's want it to act as a currency to translate value over the Internets then it needs to gain trust in that value..  pegging it to a commodity helps do just that..  

 

 

 

As it is at present its a glorified pyramid scam..,  might not have set out to be that but thats what its mutated into being....   

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Any update as hear the cryptocoin queen has done a bunk with other peoples money

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On 25/11/2018 at 15:50, Vespasian said:

If these crypto currencies want to create a working model that in't a speculative pyramid scheme which is what they are at the minute, a failing one mind..  Then they have to peg the value to something tangible...  Gold, or the dollar, or a basket of commodities..

 

Unless its pegged its gonna end up all over the place..   

 

If the creator's want it to act as a currency to translate value over the Internets then it needs to gain trust in that value..  pegging it to a commodity helps do just that..  

 

 

 

As it is at present its a glorified pyramid scam..,  might not have set out to be that but thats what its mutated into being....   

the value is pegged to the blockchain. Worth is subjective.

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They’re all scams. Some begun as scams then tried to go straight. Some were scams all along. Some had teams of executives where not all of them were aware it was a scam. Some thought they were legit but actually they were a scam. Icos and crypto trading are a very easy way to spend lots of money and get a bunch of digital magic beans in return. But then this is an old thread, so you probably all know that now.

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28 minutes ago, Mortimer Firewood said:

B6F3DACB-31AF-4BDD-883A-14A36385A9C6.thumb.png.66f9d737179310d8f0b200a1c865459b.png

Yup. I reckon we'll see $100,000.00/BTC by the end of next year.

Edited by Mark J
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4 hours ago, Mortimer Firewood said:

B6F3DACB-31AF-4BDD-883A-14A36385A9C6.thumb.png.66f9d737179310d8f0b200a1c865459b.png

 

When i first heard of them, years ago, they were about £300. My mate told me about them and tried to explain to me how it worked. I considered buying a couple but dismissed it as a nonsense fad.

 

Got that wrong. 😂

Edited by Moose McAlpine
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On 02/12/2017 at 09:11, Rob D said:

Just sticking this up to 'share the love' really....

 

I heard about Bitcoin a couple of years ago but only just started trading and learning about crypto currency the last few months. Bear in mind I have done a good 3 months of reading online, watching videos, trading - it is a MASSIVE subject that still the large majority know nothing about. And I have only scratched the surface...

 

But this will be bigger than the internet, bigger than mobile phones... (IMO :)) - possibly the biggest 'thing' there has ever been...

 

Bitcoin has been out since 2009 - and already it is starting to show it's age. If you think about chainsaws and how they have developed over the years, none of us are using the first chainsaws ever produced... and same with cryptos - new and dynamic ones are being launched all the time. But I'm sure the very first chainsaw would have a large price tag - it just wouldn't be that useful these days..

 

For the conspiracy folk on here crypto currency was designed to take power away from government and banks and put it back into yours and my hands. But since then it is starting to literally explode with new possibilities..

 

At the moment the crypto currency world is something of an unregulated wild west but that will change and (because of the internet) it will change rapidly. Next year will start to see the start of practical adoption of these crypto coins. At the moment it's more just about the coins themselves being traded.

 

So what? What are you telling us for - I'll learn about them when they become mainstream...

 

I suppose there is no one answer to that - maybe start looking into it all and make your own mind up. I would not pay too much mind to the 'yeh that Bitcoin is a scam innit' 'criminals use Bitcoin though so it must be bad' 'etc etc etc.

 

The more I find out the more mind blowing the possibilites and implications on how we will live in the future are. Plus if you do your research well and properly you can also make a few quid out of it.

 

 

Hence thought I'd start a crypto thread :)

 

PS and you never know someone out there may have got paid in Bitcoin a few years ago , forgotten about it, and this may jog their memory!!

 

 

Bitcoin showing it's age now? 😉

Dude check out Max Keiser. Bitcoin is bigger than just the crypto

Guys check out Max Keiser. Just do it

Quote

 

 

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