Post
Topic
Board Beginners & Help
Re: Hi! I run a exchange in the US, I need posts, so ask me questions if you want?
by
btc_shell
on 18/11/2013, 16:51:36 UTC
first post-..


It seems to me the governments of 1st world countries will all attack bitcoin and shut it down so to speak.  Exchanges will become illegal/effectively illegal/too difficult and regulated to operate.  If they can't control it- they'll shut it down.  Too dangerous for them to allow power to transfer unchecked like bitcoin does.  Power has to be controlled by those in power, so they can stay in power.

Bitcoin could threat that- and hence...

BTC is dead already.  like the tulip bubble of Holland-  those who get out in time may make a little money off of it. 



You can be a paper billionaire with bitcoin.   It means nothing.  I may own millions in Monopoly bucks, which is what BTC is, but it's worth nothing unless someone buys those MBucks from me.    Hmmm, how much money does your out-exchange actually have in reserves?  um... well.. maybe 40k?  Where does the withdrawal money come from?  New suckers, latecomers to the party buying in.  Bitcoin is a ponzi scheme.  A fun one- but a ponzi scheme no less.

In order to "get your money out" someone needs to put money in Smiley  It's great for awhile!


Millions in bitcoin mean nothing when people someday stop buying it.


sorry to burst your bubbles.   Just enjoy it for a little while-