Bitcoin is the greatest scam in history
it’s a colossal pump-and-dump scheme, the likes of which the world has never seen. In a pump-and-dump game, promoters “pump” up the price of a security creating a speculative frenzy, then “dump” some of their holdings at artificially high prices.
And some crypto-currencies are pure frauds. Ernst & Young estimates that 10 percent of the money raised for initial coin offerings has been stolen.”
Bitcoins are accepted almost nowhere, and some cryptocurrencies nowhere at all. Even where accepted, a currency whose value can swing 10 percent or more in a single day is useless as a means of payment.
Extreme price volatility also makes bitcoin undesirable as a store of value. And the storehouses — the crypto-currency trading exchanges — are far less reliable and trustworthy than ordinary banks and brokers.
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Bitcoin is a revolution. The genesis of a new age filled with CryptoCurrencies. This new trust-less age brings about so many possibilities and frees to people emotionally, monetarily and physically.
I have never been more excited for the future.
Sorry, jobs are the greatest scam in history 😂
Word, and the Govern-mind Tax funded Military Industrial Complex is the biggest ponzi in history 😂
Ma man. Lol. I agree 100% though
This could be correct, but others might disagree entirely.
Me, I am on the fence. I agree that a currency with such large swings is unreliable, but not completely useless. And anything with value, is technically a store of value. Bitcoin included.
I own 0 bitcoin, but I do see the value in it, and other cryptocurrencies. We should always question things though...it is healthy!
It isn't that bad!
This post is terrible, bitcoin is going to blow your mind.
Criticize crypto, yet you own steem? Weird.
Bitcoin is ponzi pyramid fake scam bubble scheme :-D
I was summoned by @sarahlouise. I have done their bidding and now I will vanish...
A portion of the proceeds from your bid was used in support of youarehope and tarc.
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Crypto is still in its infancy. There are still many developments to be made. But honestly, when large corporations and banks are taking notice, I think we should take notice too. Besides, I believe the blockchain technology behind most cryptos is what is trully innovative and revolutionary. We're already seeing lots of disruption with blockchain and smart contracts. There's only more to come.