Trouble Looming for Bitcoin, FTX, ethereum and monero? 'We are about to see massive disruptions': IMF chief . Is Digi Money a Scam or Here to Stay?

POSTED BY: JAYNEZTOWN
UPDATED: Tuesday, December 9, 2025 15:18
VIEWED: 9872
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SIGNYM

Thursday, December 7, 2017 4:29 PM

It's called "panic buying" and it's the mark of a bubble, I've read.

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Pity would be no more,
If we did not MAKE men poor - William Blake

SIGNYM

Sunday, January 7, 2018 4:50 PM

And then, there is the problem of hardware hacks revolving (hubby says) around "hyperthreading" and "giant caches" which affect EVERY chip made by Intel, ARM, and AMD processors.

Apparently, crypto-currencies can be hacked at the hardware level. http://www.fireflyfans.net/mthread.aspx?tid=61747

Oh, dear.

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Pity would be no more,
If we did not MAKE men poor - William Blake

America is an oligarchy
http://www.fireflyfans.net/mthread.aspx?tid=57876

SIGNYM

Sunday, January 7, 2018 5:10 PM

As I mentioned previously, Bitcoin is NOT "anonymous". While the transaction records are "distributed", they completely track every exchange that ever happened with every Bitcoin (or fraction thereof). Having an "anonymous" cryptocurrency kind of defeats the purpose of the distributed ledger. And, people are wising up to that fact ...

Quote:
Criminals Abandon Bitcoin As Privacy Weakens

While the establishment would like the world to believe that only criminal masterminds and people with something to hide would prefer the decentralized freedom of Bitcoin (as opposed to the 'under government watch' banking system that floats Washington's boat), the truth is that the biggest cryptocurrency is considerably less 'anonymous' than is commonly exclaimed.

In fact, as more and more criminals become aware of the real privacy concerns of Bitcoin, they are increasingly turning to other - more private - coins.

https://www.zerohedge.com/news/2018-01-06/criminals-abandon-bitcoin-pr
ivacy-weakens

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Pity would be no more,
If we did not MAKE men poor - William Blake

America is an oligarchy
http://www.fireflyfans.net/mthread.aspx?tid=57876

6IXSTRINGJACK

Sunday, January 7, 2018 5:16 PM

lol.. I had stopped paying attention. It has taken a hit recently, but it's still over 16k! How high did it actually get? 20k! I could have sunk what I had last year into it at around 60 bucks a pop and had enough money to live 5 lifetimes if I sold at the top.

Somebody is going to get screwed hard. I'm guessing the people who invested at the top aren't feeling all that smart right about now.

Do Right, Be Right. :)

6IXSTRINGJACK

Friday, January 19, 2018 6:18 AM

Betcha you're glad you didn't buy bitcoin at the top.

https://www.worldcoinindex.com/coin/bitcoin

It's sitting at 11.5k today, but it has seen fluctuation between mid 14k and as low as 8.6k in just the last 7 freakin days.

I still would have never had to worry about money for the rest of my life if I bought last year at $50 bucks with all of my money and sold it any day this last week, but anybody currently investing in this scam is insane.

Do Right, Be Right. :)

6IXSTRINGJACK

Saturday, February 13, 2021 9:48 PM

Quote:
Originally posted by 6IXSTRINGJACK:
The videos I had seen about bitcoin weren't just about speculation. They were touting Bitcoin as the "perfect currency".... One that could not be managed by banks, or split on Congress' (or any other government's) whim.

I dunno... doesn't the fact that it was less than 50 bucks a year ago and is now nearly $15,000 per "coin" kind of eliminate most of it's intrinsic value? How is this supposed to be used as currency when nobody but the uber-rich can afford a single one?

The ONLY thing I see going for it right now is that there is (supposedly) a finite amount of them. At the end of the day, all it is, is 1's and 0's.

I don't know how the speculation happened and how it reached this level, and I don't know when the bubble is going to burst, but what I think we're witnissing here is the prelude to a crash so hard that people will never use crypto-currency again, no matter how much of a "perfect currency" it has the potential of being. You won't be able to buy anything with it if nobody will accept it as payment. Unlike Federal issued USD, there is no laws anywhere I know of that say it is against the law for any business not to accept it as payment.

Do Right, Be Right. :)

https://www.project-syndicate.org/commentary/bitcoin-bubble-price-vola
tility-investment-risk-by-willem-h-buiter-2021-02

If I bought in bitcoin at $44,000, I'd be shitting my pants after the whole GameStop fiasco.

GameStop isn't worth shit, but at least there IS a product there somewhere.

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A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.

JAYNEZTOWN

Monday, April 19, 2021 1:39 AM

Bitcoin Price Falls $8K to 3-Week Low, Altcoins Crash www.coindesk.com/bitcoin-price-falls-8k-to-3-week-low-altcoins-crash

Turks banned Bitcoin, Venezuela still uses Crypto

Musk supports 'Doge-Coin' ?

Dogecoin Is More Than a Meme
https://www.ctvnews.ca/business/what-is-dogecoin-how-a-joke-became-hot
ter-than-bitcoin-1.5391485

https://www.gizbot.com/news/dogecoin-and-its-rising-popularity-explain
ed-how-and-where-to-buy-dogecoins-073777.html

https://nymag.com/intelligencer/2021/04/why-dogecoin-is-forcing-people
-to-take-it-seriously.html

JAYNEZTOWN

Sunday, May 2, 2021 9:21 PM

Dogecoin skyrockets after Elon Musk labels himself 'Dogefather'

https://news.yahoo.com/dogecoin-cryptocurrency-bitcoin-ethereum-elon-m
usk-094925821.html

'I just became a dogecoin millionaire': This 33-year-old invested his savings in the meme cryptocurrency with inspiration from Elon Musk

https://www.cnbc.com/2021/04/22/reddit-trader-im-a-dogecoin-millionair
e-inspired-by-elon-musk.html

JAYNEZTOWN

Saturday, November 27, 2021 2:30 AM

Crypto: Binance CEO talks bitcoin, Elon Musk, dogecoin, regulation, Warren Buffett, and more

https://finance.yahoo.com/video/crypto-binance-ceo-talks-bitcoin-15204
3456.html

JAYNEZTOWN

Saturday, January 8, 2022 12:53 AM

Kazakhstan internet shutdown deals blow to global bitcoin mining operation

https://www.theguardian.com/world/2022/jan/06/kazakhstan-bitcoin-inter
net-shutdown

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