Post
Topic
Board Bitcoin Discussion
Re: The simple and undeniable reason why all cryptocurrencies will collapse
by
fxsurfer
on 20/03/2018, 16:38:21 UTC
Galileo Galilei once said, “All truths are easy to understand once they are discovered; the point is to discover them.” Discovering truth about cryptocurrencies (cryptos) and showing that they are not money but faith based schemes that are bound to collapse, is the goal of this article. The first step toward achieving this goal is to explain why economic relations between people, where transfer of ownership rights is taking place, cannot be based on faith, and how, in that regard, cryptos differ from tangible goods and fiat money. After that, we will know what money actually is, and what it represents. Given this knowledge it will become clear why cryptos never were, nor ever will be money. The rest you can read here: https://cryptofraud.wordpress.com/

It is up to you mate on whatever you want to believe in, but for some of us, we believe in this new technology and will be prior not to be too late. And may I ask if why is a negative person like you doing in a place like this?
I am trying to warn people that "this time is NOT different" and that Cryptomania is just one of many such financial manias that victimized investors, from Tulipmania right up to Dot-com and beyond.  The difference is of course, that with the Tulipmania for e.g., you at least had actual tulips you could plant in your garden. With the Cryptomania you have useless numerical values.