I keep reading about the failure of BTC.
If bitcoin is the epic failure that the MSM (mainstream media) claim it is, then why is this supposed failure worth thousands of fiat bits of paper (money) each? At this very moment in time, on worldcoinindex, BTC is $3,416 each, or £2,697. Now if that is a failure, I long to be said failure.
To consider BTC a failure, is highly amusing. Sure it is slow, and could be faster. Though if you think about it, every attempt to manipulate BTC down to zero has ended in failure. It would be interesting to know how much Fiat currency has gone in to the attempt to devalue BTC.
With xmas hurtling towards us, and the inevitable yearly round ups on TV with regards to world events - the yearly sports personality of the year etc etc, I thought we could have a yearly bitcoin review.
Bitcoin losers!
We all know that scams come from all sorts of places, including situations where you thought you were safe, such as investing money in a “legitimate” business.
The Bangkok Post reports that Aarni Otava Saarima, a 22 year old Bitcoin billionaire, lost 5,564.4 coins while investing in what he believed to be legitimate casinos and companies. At the time, the amount of coins was equal to $24 billion dollars. Source
Ouch, that hurts.
This next one is from xmas time last year, unlucky James!.
James Howells, an IT worker living in the United Kingdom, knows exactly where his misplaced 7,500 bitcoins are but the city council where he lives won't let him retrieve them. They say it's against the law.
According to a report published in The Telegraph, Howells began mining bitcoin on his personal laptop in 2009. In 2013, though, "after I had stopped mining, the laptop I had used was broken into parts and sold on eBay," Howells tells The Telegraph.
He kept the drive he used to collect the bitcoins, "so if bitcoin did become valuable one day, I would still have the coins I mined."
But, while cleaning his home in 2013, he mistakenly put it into a waste bin at his local landfill site in Newport, South Wales, where it got buried. Source.
Viva le France.
France, one of the leading countries in the world, is back in the limelight in the cryptoverse. The country, which is yet to establish its stance on cryptocurrency regulations, has reported that its citizens have fallen prey to a Bitcoin [BTC] scam, according to a local news portal.
It has come to light that a minimum of 700 French citizens were lured into the Bitcoin scam, resulting in a loss of around €31 million [around $35 million]. According to Autorité des marchés Financiers [AMF], the stock market regulators of France, people are being lured into the scam since the beginning of this year, when Bitcoin and other cryptocurrencies were on the high road of the market. Source
No bias here, lets do bitcoin winners.
I have just spent 10 minutes surfing the interweb for a good news story with regards to bitcoin, and come up with this ....................................................................................
And this is not only a small part of the bitcoin problem, it is the biggest problem of them all. The presstitutes only want to tell us the doom and gloom stories about BTC, and most if not all cryptos. I note XRP verge is always in the news, with feel good stories, with articles saying it is now being used by this bank, or by Western Union etc etc, yet it wallows in the sand pit all the same. Institutionalized is a term I use when talking about ripple. It is the golden child of the MSM, though even with all the feel good stories, nobody wants it. Try it, use your preferred browser, and search for ripple news, and the articles full of praise will spew forth in no time. Do not believe me? https://duckduckgo.com/?q=xrp+ripple+good+news&t=canonical&atb=v1-1&ia=news.
What impresses me the most about bitcoin is that it is moments ou boubt and risk that the bitcoin capitalization increases. And it means that bitcoin is more trustworthy than all the other altcoins.
I have to agree with that one.
It is not going away anytime soon, even though governments would like to see it dead and buried.
The federal reserve board chairman here has declared that crypto coins do represent monetary value. He said that all new processes and technology start somewhere.
What will that do with regards to taxation in the US of said cryptos? Here they try anything to put people off buying them, including bribing youtube artists to talk trash about cryptos. https://cryptoslate.com/polish-central-bank-caught-funding-anti-cryptocurrency-youtube-campaign/
That really wasn't discussed. The discussion was brought forth because so many people had lost millions in scams/hacking, in order for those people to sue for monetary damage it had to be determined that crypto's had value. I am getting ready myself to go out today, I'll see if I can find the article later for you.
What gets me is that the same Gov't people that say BTC is for criminal transactions, totally ignore that most of the worlds criminal weapon and drug deals are done with cash, ..their cash, as in Dollars, Euros, Pound Sterling and such.
Like they say: Cash leaves no trails and tells no tales.
The biggest criminals wear suits and folks vote for them. :-)
You got a 23.25% upvote from @brupvoter courtesy of @discernente!
You got a 43.93% upvote from @luckyvotes courtesy of @discernente!
http://MyWorkingHour.com/?userid=288269
I am not clicking that link!
it's all perspective... a rare commodity in crypto markets
Yes, agreed.
I am expecting a surge in the new year with regards to price, just a hunch.
Scams are everywhere crypto is no different there. I don't think they will be able to kill off bitcoin.
Posted using Partiko Android
Agreed, though the problem is, all the MSM show are the scams, not the good news stories, fear? Much.
What I think they hate the most is that crypto gives people and countries that the US is trying to destroy economically an opportunity to go around their bullshit with ease. Love it!
HAHA I like ya thoughts, yes indeed, hence Iran, Turkey and Venezuela making their own cryptos.
Most of bitcoin and ether are owned by major financial players and institutions. BAKKT will be operational in 2019, with many financial institutions, including JP Morgan, offering custody. The luegenpresse are paid to discourage the hoi polloi from owning cryptocurrencies before the financial heavies are ready to trade.
Yes I noticed, shame is it not, and over here in Poland the central bank was caught bribing youtubers to talk bad about crypto too.
These propaganda tripes are quite obtuse and predictable, yet the mob continue to be manipulated so simply. It is quite easy to conceptualize most of the people as muck, fit only to be manipulated and used for self-interest. Venezuelans enthusiastically supported Chavez and his Marxist lunacy, up until the moment when they exhausted all of the nation's resources into the pockets of their Marxist overlords. Is it a crime to not refuse a fool's money?
Never a truer word spoken, even in jest!.
Bitcoin won't fail. They wan't people to use crypto so they can track every single thing you do. That has been the theme for some time, track every thing their cattle do. Fiat can be exchanged in the dark anonymously. The script is calling for them to pretend they are against it so those they fear will insist on it. The true tactician makes those they consider an enemy move where they wan't them. They have this down to a science. I have said more than once I see so many similarities between the script they ran with Hitler and the one they have been running with Trump.
I can not disagree with regards to crypto and tracking via BTC, the stumbling block though comes when you have coins that do not require 6 confirmations on a blockchain, coins that can be sent wallet to wallet say like to my nano s wallet, then without those 6 confirmations, nobody knows where those coins went, to who, or why. :-)