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Reasons why you should NOT trade cryptocurrencies

BluePanther (BluePanther)
Dec 21 2017 at 20:49
1344 posts
Mark Cuban: Although he has dismissed Bitcoin as a bubble, he made it clear that he believes in the value of cryptocurrencies, noting that “I’m not questioning the value. I’m questioning valuation”. This is in line with his concerns about a bubble, and he back this up with his own valuation, albeit a lot lower than current values.


https://www.forexcrunch.com/whos-trading-cryptos/

The article might be support for crypto in general, but there are some that think BTC is way overpriced.

johndoe2016
Dec 22 2017 at 10:15
58 posts
FX is more a bubble...especially those who think you can trade it profitably.

Putting your money into stocks, ETFs etc is safer. Buy and hold beats FX trading.

99% of FX traders lose yet people want governments to ban btc lol.

Also the reality of current money is that the debt tied to it can never disappear. Yet people vote for politicians who favor austerity.

BTC is more aligned to reality than the endless printing of government money.


Dove777
Dec 22 2017 at 11:31
10 posts
The most common warning I have seen made by Central banks about Bitcoin is that it has no intrinsic value. The present valuation is simply driven by greed and the greater fool theory. Bitcoin is just digital codes of 0's and 1's.

The notion that cryptocurrencies will replace fiat currencies is simply reasoning based on fantasy and not an understanding of the fundamentals and the function of a governing sovereign state. The major currencies act as a medium of exchange in international trade because they are backed by the sovereign nations that not only provide stability but security, law and order in which international trades are conducted. Without security, law and order there will be no international trades - just chaos. Imagine when an orderly society is displaced, there will be no functioning electricity, and no internet. Try transacting with your crypto then - good luck.

Adribaasmet
Dec 22 2017 at 11:38
916 posts
BluePanther posted:
Mark Cuban: Although he has dismissed Bitcoin as a bubble, he made it clear that he believes in the value of cryptocurrencies, noting that “I’m not questioning the value. I’m questioning valuation”. This is in line with his concerns about a bubble, and he back this up with his own valuation, albeit a lot lower than current values.


https://www.forexcrunch.com/whos-trading-cryptos/

The article might be support for crypto in general, but there are some that think BTC is way overpriced.


Thank you very much for sharing this informative link here! Yes, I have also the same option on overprice!

BluePanther (BluePanther)
Dec 22 2017 at 12:17
1344 posts
Thanks guys... and here's more:

Real ‘Wolf of Wall Street’ slams bitcoin again: It's a ‘huge danger’ and a 'bubble'
https://www.cnbc.com/2017/12/19/real-wolf-of-wall-street-calls-bitcoin-a-huge-danger.html

Bitcoin CRASH imminent? Investor warns bitcoin bubble is ‘bloodiest DANGER of the century’
https://www.express.co.uk/finance/city/893104/bitcoin-price-crash-bubble-eric-schiffer-cryptocurrency-investment-risk

BITCOIN WARNING: Investor who made MILLIONS from currency in alert – ‘It may be WORTHLESS’
https://www.express.co.uk/finance/city/892921/Bitcoin-price-bubble-warning-crytocurrency-worthless-crash-investor-grant-sebatier

Bitcoin bubble: Cryptocurrency hits new $20,000 record high as experts warn of CRASH
https://www.express.co.uk/finance/city/893471/Bitcoin-20000-bubble-crash-value-price-latest-cryptocurrency-finance

Bitcoin craze: Be prepared to LOSE money as cryptocurrency 'DWARVES' 1929 crash bubble
https://www.express.co.uk/finance/city/892769/Bitcoin-news-Bitcoin-craze-1929-crash-bubble-Bitconnet-Bitcoin-cash-prize-Ken-Fisher

Bitcoin: What the bubble tells us about ourselves
https://www.abc.net.au/news/2017-12-11/bitcoin-what-the-bubble-tells-us-about-ourselves/9245104

Buyer beware.

johndoe2016
Dec 22 2017 at 12:58
58 posts
Dove777 posted:
The most common warning I have seen made by Central banks about Bitcoin is that it has no intrinsic value. The present valuation is simply driven by greed and the greater fool theory. Bitcoin is just digital codes of 0's and 1's.

The notion that cryptocurrencies will replace fiat currencies is simply reasoning based on fantasy and not an understanding of the fundamentals and the function of a governing sovereign state. The major currencies act as a medium of exchange in international trade because they are backed by the sovereign nations that not only provide stability but security, law and order in which international trades are conducted. Without security, law and order there will be no international trades - just chaos. Imagine when an orderly society is displaced, there will be no functioning electricity, and no internet. Try transacting with your crypto then - good luck.


'Without security, law and order there will be no international trades' - this is the old system.

Think about what you are saying if we replace currency with the internet

'Without security, law and order there will be no internet'. Computers can make transactions with no humans overseeing them. Think about how ridiculous it is when you want to advocate manual work rather than a robot doing it.

'Without a manual worker, there will be no cars being made' yet cars are being made with robots.

So the old system = fiat currency will of course push peoples boundaries since they will violently reject the new.

Not saying anything about the price about btc but talking about fiat currency vs digital currencies with a limited amount.

Also on this site people are invested in fx so they want btc to fail otherwise they would have to learn something new.

In the end if btc and other digital currencies win, fx fiat trading will disappear like all old forms. Blockbuster vs netflix etc. Napster vs the music industry that kept on rejecting the new.

BluePanther (BluePanther)
Dec 22 2017 at 13:26
1344 posts
CoinSpot: 'Please note: We have temporarily disabled new AUD deposits.'




BluePanther (BluePanther)
Dec 22 2017 at 13:41
1344 posts
The ulterior motives of cryptos:

Breaking: Bankers’ New SDR Crypto Blockchain Will Enslave Humanity – Lynette Zang
https://dprogram.net/sgtreport/breaking-bankers-new-sdr-crypto-blockchain-will-enslave-humanity-lynette-zang/ (35:00)

Catherine Austin Fitts: Bitcoin Is Not What It Pretends To Be Bitcoin-CRASH IS COMING


Hmm...

BluePanther (BluePanther)
Dec 22 2017 at 13:53
1344 posts
Is this the beginning of the end...?





BluePanther (BluePanther)
Dec 22 2017 at 14:37
1344 posts
Catherine Austin Fitts - Blockchain & Cryptocurrencies, What About You?
(31:00 - bitcoin and cryptos can be 'switched off')
(39:00 - no global reset / banking system crash)







(specifically 8:00 - 'have everyone chipped')


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