Featured Cryptocurrency investors should be prepared to lose all their money, Bank of England governor says

[Trango Towers]

Crypto is a ponzy scheme

Why do u call gambling investing?

 

[PakAlp]

Market is very viotile at the moment. The clever ones are making money though.

 

[Trango Towers]

Market is very viotile at the moment. The clever ones are making money though.

What clever ones...
Its pure gamble...if you catch the wave the right way you make money..else you lose.

That's why all trading platforms issues a warning in the UK that 78 % of all traders lose money

 

[denel]

Total bogus hype frankly. Good luck - it is a massive ponzi scheme.

 

[PakAlp]

What clever ones...
Its pure gamble...if you catch the wave the right way you make money..else you lose.

That's why all trading platforms issues a warning in the UK that 78 % of all traders lose money

People loose money in shares and forex aswell. I am not going to argue if its gambling or not but I found it similar to forex and shares.

 

[Nasr]

KEY POINTS

• When asked about the rising value of cryptocurrencies, Bank of England Governor Andrew Bailey said: “They have no intrinsic value.”

Says the guy whose country's entire economic system is based on "Fiat Currency". And in case people didn't know what Fiat Currency is, here is the definition of the term.

"Fiat money is a currency (a medium of exchange) established as money, often by government regulation. Fiat money does not have intrinsic value and does not have use value."

Fiat money - Wikipedia

en.m.wikipedia.org

The West has a PhD in deception, particularly for the buffoons who believe these SCUM.

 

[PakAlp]

Says the guy whose country's entire economic system is based on "Fiat Currency". And in case people didn't know what Fiat Currency is, here is the definition of the term.

"Fiat money is a currency (a medium of exchange) established as money, often by government regulation. Fiat money does not have intrinsic value and does not have use value."

Fiat money - Wikipedia

en.m.wikipedia.org

The West has a PhD in deception, particularly for the buffoons who believe these SCUM.

So tomorrow my 1 million in bank account could be worth pennies, but 1 million worth of gold or silver will hold its value. Money is the biggest fraud ever

 

[Trango Towers]

People loose money in shares and forex aswell. I am not going to argue if its gambling or not but I found it similar to forex and shares.

OK... no need to argue.
We can have different opinions

 

[PakAlp]

OK... no need to argue.
We can have different opinions

Wasn't planning on arguing with you lol
Just saying that if its gambling or not is a question mark. I honestly can't give a opinion. I thought at first forex was but later realised it actually might not be, cryptocurrency is similar. People who actually work hard and do their research make money and those who just buy without Knowledge end up loosing their money. I buy and sell shares, you will have to do alot of research and follow news everyday in order to make money.

 

[fallstuff]

Etherium goes 10% up.. Sikeee...

I second that !

 

[StormBreaker]

I second that !

Etheirum is the next gold

 

[fallstuff]

Etheirum is the next gold

My bad.

I wanted quote the OP. This is not even a bubble, bubble is based on asset, crypto can go kaput just like that where you lose all your money.

You make quick money, then you bail. Elon knows that very well, that's why he is playing with the market.

 

[prashantazazel]

Cryptos don't really have much of a use for the average law abiding citizens, who form the majority out there.
If you don't trust your currency, you can always buy assets and diversify.

But as a gambling tool, crypto works well. It is much easier to make good money than most other gambling platforms.

 

[Shah_G]

What clever ones...
Its pure gamble...if you catch the wave the right way you make money..else you lose.

That's why all trading platforms issues a warning in the UK that 78 % of all traders lose money

You’ll only loose money in the market if you don’t know what’re you investing $ into.
If you have $ to open a business, you wouldn’t blindly buy any business which will bring you loss. That’s how market works. Day traders takes gain no matter which way market is trending, upwards or downwards. It’s not a gamble.

 

[TheSnakeEatingMarkhur]

Etheirum is the next gold

I dont think anything will be able to replace gold unless they can make something synthetic in a lab

Etherium and Bitcoin both are dancing to Musks tunes so better choose something else