They're going to try to take crypto down.
The US media & politicians will be calling crypto a "ponzi scam, ponzi scheme, pyramid scheme, ponzi fraud" in the next few days/weeks.
Expect Trump to either ban exchanges/crypto or create more restrictions. Just a warning.
Trading - any trading - is a zero sum game, people who dont understand this will always fail.
Since you're sounding the alarm why don't you take the time and link them this PDF from Columbia Business School explaining how bitcoin works.
who cares what some kike thinks, he's just fudding so he can buy in. Fucking kikes every time.
>retards blame wall street for not point our mortgage bubble
>retards blame wall street for pointing out crypto bubble
>this is different from th estock market how
this applies to literally anything though
>for car salesmen to make money, newer car owners have to buy their cars
>for real estate owners to make money, newer owners must buy their real estate
>Euro Pacific Capital Inc.
what did he mean by this
He's basically trying to scare the plebs away from detaching from the system.
World wide monetary control. IBS guy.
That's stupid cause u don't "buy in" you exchange money like you do when you go from Europe to USA.
Now we have a currency traders with that money like we have with traditional currency traders.
Since the digital money is rather new and isn't controlled and printed by governments or private banks, nobody is forced to use it.
Since you can decide to swap your old money to new money it's clear that the buy value of the money increases when there is only a limited amount of it and more and more people accept it as payment.
Investors and big bankers are scared cause bitcoin lowers the dollar value.
In the end there will be a war on crypto so that they can control it like they do with drugs and terrorism
Considering terrorism is a meme and most drugs land at Ofutt AFB, I say they have a good shot at wrangling this beast as well. Thoughts?
they just mad they cant control it like fiat.
>hurr durr pay denbts?! Just get those goys to activate the printing machines!!
If crypto is a scam then so is the entire fiat based stock market.
Yea. Like Peter Schiff. As if he made any money without someone else losing. If crypto is a ponzi, then so is any currency or stock market.
It was all over for Bitcoin as soon as Andrew Left opened a short on ADM.
>An investment requires someone to lose so someone can win
Schiff doesn't actually think money just pops out of a tree, surely
If they make it illegal and close all exchanges, the trading will happen offline in real life and as soon as some small shops accept it (big chains won't do though) crypto kills fiat and big chains have to accept it or otherwise small shops will have a Renaissance.
Crypto can't be shut down. They just want it to crash to buy most of it like they always do.
You know how Rothschild got rich? He send a fake news message that the one site lost the war, everyone sold their shit, he bought all the shit.. And then the real news said the other side won instead. Value growed big and this fucker owned everything.. That's what happening atm
Sell now and lose to a person like Rothschild again (no matter what religion thus dude has)
Oh give it a rest. Why are you scaring the young people? Guys you got nothing to worry about. Don't listen to this dumb fuck. Just relax it will all be OK. Trump can't do shit neither can Peter schiff no one gives a fuck what he has to say. No one cares about restrictions we've been getting away with this shit for 10 years and we will continue to get away with it. Most of us don't pay taxes and don't give a fuck. The boomer generation fucked us up and now it's our turn. So fuck you op.
banning bitcoin will go as well as banning gold 100 years ago buddy
stupidly enough with the growth rate of crypto its literally one investment that EVERYBODY can make money in unless they trade stupidly
washington wont ban crypto either, because of
and trumps budget director (mulvaney) is pro-crypto
>For early investors to make money new investors must buy in
>Unlike Gold, of course, which magically puts money into your bank account from nothing. Buy more gold goy.
Crypto can't be taken down
That's stupid. Value indeed increase cause people who bought sell for a higher price. But that's simple caused by the high demand. Crypto trading isn't a part of the Blockchain called bitcoin. It's a second system which trades with currencys like other exchanges do with fist fiat pairs. Unlike dollar or euro or yen.. Everyone wants to own bitcoins cause they see the future of technology in Blockchain
this. just bought 100k
new money will continue pouring in because global GDP is rising and will continue to rise, and the market cap for crypto is bullshit tiny right now. Unless for some reason you genuinely believe that global GDP has hit an ATH and will go down, you have no reason to worry. trading isnt zero-sum anymore. look at what enron did with bandwidtglh. they created value from nothing. bandwidth doesnt exist, its a function of computer processing and physical infrastructure (copper in the ground). and yet here we are years later paying for internet service based on bamdwidth limits we almost never utilize.
Just a nocoiner pos that seems to not be able to keep his cockholster shut about a coin he hates so much...
Hes all reeeeeee and all that..
Just your regular sore loser that likes to bitch and whine a lot..prob voted for hillary too...
nothing to see here folks
How can "small shops" accept it, when it is illegal to accept it.
capitalism is a ponzi scheme too. should i start my own bank instead? oh yeah that wouldn't work now would it because early investors from hundreds of years ago are still in charge and gain at the expense of all of us.
By not telling the government and saving tax this way
Trump won't do either of those things you faggot.
exactly, everything in life is a ponzie scheme, there would be no warren buffets and trumps on a desert island, someone has to be poor in order for someone else to be filthy rich
we gonna make it bros
another jew panic cause the federal reserve scam is ending.... they are so worried about their 2000 yr old scam getting crushed, but they dont realize they are going to wish it was only money that they dont control. the jews will be held fully responsible for crimes committed in modern history and for those crimes against the USA and all creatures of earth, every jew MUST DIE
Wall street were responsible for the mortgage bubble and still continued because it made them loads of cash. Wall street can't really profit from cryptocurrency, so they want to stop because it doesn't make them loads of cash. The fact that your defending these sick people makes you a cuck.
well not exactly. Both did business deals.
Warren bought Mcdonalds, Cola, etc. when they were really small and gave them capital. Buffets success has nothing to do with someone losing money.
Same with Trump.
With regards to Schiff, he sells Gold, which makes it obvious why he hates crypto
"greater fool" and "bubble" are more accurate descriptors than ponzi/pyramid scheme
This guy is the Glenn Beck of finance.
Never right about anything and never wrong. He's a total bullet head
>Those who gain only do so at the expense of others who lose.
I don't understand his logic. Who is losing here?
>The US media & politicians
the same people trump call fake news and lyres on a daily basis? What makes you think he, a business man, would listen to them? Given that he probably has a stake in it himself.
>those who gain only do so at the expense of others who lose
>that's a ponzi dynamic
Is he implying everyone can be rich in real life with no losers?
peter schiff is getting old
he sells gold, ofcourse he doesnt want you to be involved in crypto
bloomberg is fudding to the max. they didn't even mention that bitcoin bounced 20% in one of the articles that was posted after the fact. They either wanna buy more low or are afraid of crypto. IMO they should just embrace it.
im sure even his friend stefan molyneux would cringe at his comments
people who buy at the top you retard lmao
Kikes are playing with fire when they start calling a deflationary currency worthless while loaning/printing an inflationary currency backed by debt instead of tech.
>
But then the same is true for any currency
No this is good OP Fuck The Normies, that means the price will be lower and more crypto for us
People that bought at the top and sold you mean. If you bought At ATH in 2016 you would still be in the green. We will get there in the long term.
check'd
every market is a ponzi, the difference is the time frame
It's happening earlier than expected.
JPMorgan's top quant strategist, echoing CEO, compares bitcoin to 'pyramid scheme'
Guess who is on Trump's team? Goldman Sach's bankers & JP Morgan people.
you have to look at it from the point of fiat to btc pairs.
if you can ask why a btc is worth 4000 usd then you should also ask why is 1 usd worth .00025 bitcoins, and what 1 usd is even worth
stefan has explicitly stated he disagrees with schiff over crypto
is he retarded?
the number of bitcoins is limited by definition, so the ore people want it, the more the value raise
and people want it because it's useful, traceable, and developed with/for web
this kind of dude are the same that said google/startups were a bublle and that facebook was worth nothing
some old cunts, and trump are part of them yes
>A NEET calling a real businessman a retard
>the number of bitcoins is limited by definition, so the more people want it, the more the value raise
That sounds nice on paper but the truth is exchanges can just tell you they're giving you bitcoin when they really aren't buying any. They can create their own amount of bitcoin out of digital air and mess with their volume and other factors behind the scenes.
Perhaps you haven't read all of the complains about coinbase/gdax/kraken/gemini/poloniex/etc. Many have been waiting months for money to show up in their bank account or be transferred to their wallets.
"An unconvinced Kolanovic rattled off a number of risks. "There is no organized power behind this currency to e.g. ensure its long term viability, secure trade, enforce its acceptability for goods and services, or provide investor fraud protection," he said.
"If the use of cryptocurrencies were to increase to an extent that they start competing with traditional 'country' currencies they would be quickly regulated or outlawed.""
This retarded guys FUD is exactly why people are buying bitcoin.
eventually there will be some kind of world currency, crypto most likely. whether it's bitcoin or something else unregulated coin remains to be seen. this will come rather soon as euro is starting to look 100% doomed. when euro goes there will be basically only dollar, japan is struggling and china is not ready yet
>They can create their own amount of bitcoin out of digital air and mess with their volume and other factors behind the scenes.
you cant really ban cryptos you would have to shut down internet. the more you resist the more they grow in value and gain trust by people, eventually.
it's just like booze or any other thing humans have tried to ban
Think about Trump and what he desires for America. He wants the USD to be as strong as possible.
Cryptocurrency is way too liberal atm and is mostly used by criminals & fraudsters & neets. There is no real use for it atm besides smart contracts? Can you even name one worthwhile dapp?
>you cant really ban cryptos
Prevent retailers from accepting it as payment, and crypto is good as worthless.
trump wants lower dollar, not stronger one. he wrongly assumes china is manipulating its currency lower tho.
crypto is not used as payment yet, as even crypto bank cards transfer btc to usd when shopping
It's funny to see him describing this "Ponzi dynamic" because it applies exactly the same way to gold and all other commodities and all stocks that don't regularly pay a dividend. Does Peter Schiff think the commodity futures market is a Ponzi scheme? What a fucking idiot.
98% of his position/status was done by legacy
I'm maybe NEET but I'll BECOME someone
Nah, (((they))) just want a better entry point
>but I'll BECOME someone
Keep telling yourself that.
define ponzi scheme
to be honest, I don't really like attracting people, but my wife is always pushing me to accept that people like me, a LOT of people
Indeed -- someone should really step in to stop these foolish USD exchange participants from accepting worthless tokens for their BTC
I'm not one to get mad but If there was an Apocalypse I would beat the shit out of this man and mutilate his huge fucking nose. Ugly kike.
kek
I feel like Trump would actually be positive towards Bitcoin.
If he went on TV and told people to buy it, the price would skyrocket.
> Dr.
> Dr.
> Dr.
He guys, I think this guy is a doctor or something.
In a transaction that buys something of value
no side loses
Banning or strangling blockchain technology can only damage a nations economy.
There is no top though. Blockchain currencies can only continue to rise until becoming the default currency.
Then only a shrinking worldwide economy will be a challenge.
In other worlds blockchain as an invention is unstoppable and so are its currencies.
But to avoid stagnation we need to expand to other planets.
Blockchain as a technology will most likely be mass adopted in the next 5 years and bring about space exploration in the next 20.
Decentralized exchanges
...
The real flippining will be when the USD pegs its value from bitcoin
BUY BUY BUY BUY BUY BUY
well,marko kolanovic,nuff said. but,emme explain to you; southeastern slavs full of shit. Poof; ranked high in one of the world's most corrupt organizations. Imagine you're a CEO there,born and raised in the US(not rasist or anyhing),you can choose between: Jason,David,Jenna and you fucking choose Marko and cannot even pronounce his surrname... you get my point...
>Ponzi dynamic
IMO, lots of things that aren't considered a ponzi scheme do follow the same pattern...
but, IMO, there is something that you can't deny, though:
most people trading btc are speculators, and don't give a shit about the technologies themselves, or as a currency that can be used to exchange with other currencies (as says), even if they are used as a selling point.
All they would have to do is go after coinbase. It would kill the whole thing worse than the China FUD.
>for early investors to make money, newer invertors must buy in.
Literally the stock market
Also, I was in since August and make Triple gainz
the people who rotted and died consuming it.... you economics cunts live talking about opportunity cost right?
>For early investors to make money, newer investors must buy in. Those who gain only do so at the expense of others who lose. Ponzi dynamic.
This guy is an investment broker? WTF? He is either lying through his teeth or pants on head retarded
It's not, anyone with an education knows this.
>Q3 results post major net income y/y gains
>Company's stock rises with new purchases, people selling and buying
There is no zero sum here
>listening to Peter Schiff
...
Gold $5000 any day now guis
It's real money guis
They can't. coinbase did their due diligence and they're a well respected exchange in accordance with the law.
I read that Peter Schiff would be attending the NXS/Nexus conference. Why would he do that if he's anti crypto?
DELETE THIS AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
$10000 SOON
He's not anti-crypto anymore.
Buy the dip!
>he wrongly assumes china is manipulating its currency lower tho.
it's not a wrong assumption at all, literally everyone knows it and the chinese don't hide it
the top is in then. fuck.
How much BTC for being a somewhat rich Marsian?