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Saudi Arabia now as well with rumors of closing
High volumes / high risks here
https://www.coindesk.com/south-koreas-top-financial-regulator-suggests-all-crypto-exchanges-could-be-shut-down
Better not to be classified as crypto
Bitcoin is transparent, but only without all the crap in it
High volumes / high risks here
https://www.coindesk.com/south-koreas-top-financial-regulator-suggests-all-crypto-exchanges-could-be-shut-down
Better not to be classified as crypto
Bitcoin is transparent, but only without all the crap in it
If Saudi Arabia or other entities enter the game they will get monumentally fleeced as has always been the case.
Note that "they" display what they want on the exchanges, it's just a matter of APIs and more or less fake synchronised data. Proof again here:
source: https://twitter.com/murphsicles/status/1386112300524789760/photo/1
How come there are almost 10.000 cryptos in the general marketcap? Note that many of them move very artificially, are quoted/attached on BTC, even at 1 satoshi of value on 1 Bitcoin at $40,000 it starts to be a lot.
Another concrete example here:
https://twitter.com/CryptoWhale/status/1385967328404385794
Crypto's are all priced at a premium, a sort of carrot artificially maintained through stable coins which all seem to be very far from being backed in a 1 token/$1 bank. The USDT coinmarket cap alone at over 51 billion is a case study: https://twitter.com/usdcoinprinter/status/1384299579206631428
It's obvious that this is a monumental trap. Even for proof see yesterday sunday april 25 - 2021 at 10pm the coinmarketap crypto CMC collapsed to - 150 billion! 4 hours later april 26 - 2021 the CMC made up for its fall and 4 hours later the general CMC is up 200 billion on top of the 150 billion...
If you look closely Elon Musk bought, correction, Elon Musk's company bought just 1.6 Billion in Bitcoin BTC last February which had the effect of sending the CMC soaring to +20% whereas 1.6 Billion is a tiny small drop of water compared to BTC's capitalization.
If you look at the curves even they are smoothed out.
Add to that the armies of FUD, the bot trading by the million and it all goes away.
BSV and any other crypto bullshit is not spared from the rigged value phenomenon with trading bots, manipulative traders, since it is necessary have to pay for some people's private jets and other hillbillies' artwork
Even NFT's are scams as they are ultimately just a link or qr code back to the internet with no legal ownership/copyright.
The whole thing is a giant scam as many people have reported, some of whom have evidence and have been harassed so much on the networks that they had to leave.
https://twitter.com/ryanxcharles/status/1362496080793899010
to continue the investigation https://www.currentaffairs.org/2021/04/why-cryptocurrency-is-a-giant-fraud
At first I was enthusiastic about technology, but men have all gone to shit