On today’s CoinMarketCap episode we dive into the most common claims against crypto and how real they actually are.
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About The Author
Crypto itself is not a scam, but the overwhelming majority of people involved in it use it for such things, which generally happens with a financial platform that isn't regulated by an authority with the power to curtail crimes. A perfect example is CDOs and the resulting housing collapse. So long as you have greedy people and an unregulated financial vehicle, you will always have fraud, scams, etc.
COINMARKETCAP continues listing crypto projects Rug pulled with 0 zero Liquidity as Top Gainer. Good way to protect Crypto noobs. Lol 😆
Full of half truth's, This is a discussion of crypto currency and you mention Bitcoin which is capped while many others are in fact not.
After Terra Luna many people will never invest in crypto, its like a lucky dip in gambling total scam.
I bought $450 in 4 different cryptocurrencies 2 days ago. This morning it's worth $320. I believe the market is rigged. Just like everything else is.
Je pense que les principaux défis auxquels sont confrontés les investisseurs peuvent aller du contrôle de l'impulsivité à la fragilité de la contrainte. La plupart des débutants et des investisseurs potentiels sapent et négligent le plus souvent l'importance de l'analyse technique en matière d'investissement. L'analyse technique prédit de manière excessive le mouvement des prix des actifs, indépendamment de ce qui se passe sur le marché plus large ou plus large. Essentiellement, le processus consiste à étudier les trajectoires d'un mouvement d'actif particulier dans le passé afin d'établir un modèle durable qui peut être utilisé pour prédire les mouvements futurs ou, mieux encore, obtenir un conseiller en placement qui vous guiderait et vous aiderait à gérer votre portefeuille juste comme mon patron à l'époque, il travaillait avec Mme Kate Tastrom et je parierais qu'il le fait toujours. Je peux la recommander avec audace car j'ai été témoin de sa performance de première main. Elle est la vraie affaire.
Above all, fiat currencies are one of the main forms of power for the government. Do you really think they'll allow some crypto punks to take it away from them? At some point they'll ban crypto exchanges or even criminalise crypto, which will see bitcoin drop below $1k, as crypto is highly volatile. And it'll never be an official payment method. The purpose of this crypto psyop is to normalise digital currencies, because they'll soon be introducing CBDC. Plus they don't want you to buy real assets like commodities or land, instead they want you to buy worthless digits on a screen.
Yes it is and you should not invest
50% of crypto projects are scams, 40% are trash and eventually 10% of them are legitimate projects
Tell it to terra Luna owners.
Most of crypto is a scam, but not all of it. Projects with massive premines for the team and those that sold lots of tokens for funding. There are exceptions, such as Bitcoin and Peercoin, which had legitimate distribution of coins over time.
Yes it is.
Bitcoin is an economic miracle. Crypto is a scam and an attack on Bitcoin.
gay
cripto currency is back by people that put thier work values into a timing supouse demand of other people. back by people that believe on it and is willing to exchange it for other valuable stuff. but the market is manipulable so bit coin could be back by big whales that have alot of capitals and willing to consider to exchange bitcoin for their capital. just like elon must some day said you can buy a tesla with bitcoin the other day said not able. in the case of bitcoin it back by th same dollar that big bank and financial conspirations. pump it like theter and usdc or whale with a lot of dollar. as thier balance is honest which theter seems its not. because via dollar you steal can buy any thing in dead lot of fiat that finance entities is backing cripto. so there is a intrinsic value using fiat as temporal bridge lastly to intrinsic real resources. so cripto if you buy the dip and the crypto is descentralizad enough you can be protected from global inflation as log the cripto core community keep developing good project and briging more decentralization briging more users and creating many token etc that have intrinsic values is real as the core dev want to keep the project real and not buyed up by x entities an the entitie corrupts it.
You guys totally forgot to mentionned that Ethereum has a 72 milions eth PREMINE. For me: Bitcoin only, the whole crypto scene is a scam.
I stopped watching at 0:55 because it was sh@tting about bitcoin plunging for the first time since December 2022 … or do you know some sh@t about time travel?
Yes )))
Sounds like you guys are coping hard
TLDR: yes
Really? This guy, just lol. I feel sorry for people that actually believe this nonsense.
He clearly grasps a lacuna of economics, nor comprehends where the US dollar gets its "value" from. To start, dollars are not inherently backed by the government's promise to pay "its" debts. Rather, they are backed by the goods and services of the entire economy in the form of the GDP. Dollars therefore denote the ability of the PEOPLE to WORK, PRODUCE, and PROVIDE VALUE in the form of tangible goods and services.
Every dollar is equivalent to the labor value represented by the promise of the person to pay that issued promissory instrument.
I.e., I have a plumbing business, I want to trade my plumbing "value" to joe, who has a painting service. I issue a promise to pay note to joe via my plumbing service in the form of that very tangible service, in exchange, joe accepts this promise to pay, and trades it to Sam for a shoe repair service. These are historically called commercial instruments. Each instrument if backed by the guarantee of the issuer of the instrument to repay his debt. My instrument to joe represents a personal guarantee from myself to pay.
All the government has done, is to make these instruments a PUBLICLY AUTHENTICATED, regulated with maximum oversight, and mandated form of value in the form of the US dollar.
These dollars are further protected and "backed" the might of the US government, it's entire GDP, the ability of the government to provide service, and last but not least, IT'S VERY LARGE ARMY OF MEN WITH VERY LARGE GUNS.
Crypto, on the other hand, is a NEGATIVE SUM GAME which provides no guaranteed product or service, and exists as a figment on an append-only database spreadsheet distributed across a few computers. These computers, asides from wasting electricity and destroying the environment by running on redundantly wasteful software and hardware, charge a FEE to process transactions. i.e. "mining".
Consequently, not only is there no inherent value provided within "crypto", but it also intrinsically DRAINS from its own economy in the form of redundant and unnecessary miner "fees".
Hence, since crypto has no intrinsic value, the only value of "crypto" is the value you can sell it to a greater fool for. Perhaps it's more equivalent to a digital baseball card.
Crypto provides no good, no service, is easily reproduced or copied, and negatively saps actual value in the form of mining fees, transfer fees, exchange fees, cashout fees, purchase fees, et al. All while providing no inherent guarantee of repayment from the initial issuer or miner.
Read an actual book on commercial law and commerce before you start playing "smart crypto bro" economics guy on the internet.
Always been
December 2021
The other thing most people must realise is that great investors like Warren Buffet are strongly against crypto. So as an investor do you believe a YouTuber or the greatest investor of our generation. I prefer to follow the great investors.
This is really a full paked with lot of rich content. As always thank you for the video.
हिंदी में बोलो भाई
Still mostly used for illicit drugs and transactions. 13 years later.
Blockchain is great technology. Crypto Is speculative BS
The argument of scarcity is mute. Does scarcity make something valuable? After all tantalum is rarer than gold yet is valued in hundreds per kg. And is crypto really scarce when anyone can create a new crypto currency.
Actually yes. Do you think stakes are for real?
haters gonna hate
Since December 2022? We're not there yet.
VOLATILITY IS LIFE AND THE UNIVERSE WE'RE IN
My mom said those that trade crypto has sold their soul to the 😈 I told her that the 😈 is my best friend. 🤣🤣🤣🤣😂
Is coinmarket a scam? lol. But our dollar is.