The volatility of bitcoin won't end anytime, I think we have to give more time for more people to appreciate bitcoin and use it in daily business transactions. At the moment, I believe some form of regulation can help make things pretty much more stable than we have at the moment otherwise we shall experience more issues with volatility. The high price volatility of Bitcoin and other decentralized cryptocurrencies will never evaporate. On the perverse, if the expense of cryptocurrency will improve, the volatility will only boost, as the expense spectrum will develop. As long as the price of cryptocurrency will depend on supply and demand, the high price volatility of cryptocurrency will remain. Still think the ETF funds can solve this problem, or at least will lessen the volatility of Bitcoin. The more control of the market, the less volatility it will be, now we still don't have any rule or laws to govern this market,.
Dump this shit down to zero like cardano and problem solved
Worth as much as a bigger fool (or money printer) willing to pay for it
As bitcoin continues on its current bullish path, all kinds of people are trying to ride this wave by buying any cheap coins they can get their hands on as they anticipate the next High to come. But the scary part about this is that Big money is also flowing into the crypto economy that will push price to easily register new highs, but this comes at a price, when these whales decide to take out their money.. markets bleed red which is why Big money is not good if volatility is to be controlled. In the long run Bitcoin is better off without the Big money, otherwise this becomes like a pyramid scheme always leaving the last man standing with empty pockets as the first guy to make a move gets all the accumulated $$$$.
What's the community's take on this?
The time to buy this shitcoin is long gone, whether big money comes in or leaves bitcoins is a whale play since a long fucking time. No retail buys this shit for 20k or more.
All the retail cares about is to make 5-10xes on their doggy coin and get out.
Unless you doing something illegal and want immutability there isnt even a point of taking profit into BTC cos this shit is:
Not a hedge against inflation
Not a store of value
Not a payment system
You can hate this all you want but that won't make it untrue.
So let's get into this sheit. Now that helium basically reached the point of complete unprofitability this project started popping up in the news also while the market is going down this recently started going up.
Their miner cost about 2400 EUR / 3000 USD.
As soon as I saw this was advertised as a bitcoin miner something started to stink right away cause you will never ever mine any btc on an < 5W device successfully.
Ain't no miner code in there, not even couple of lines.
So maybe we should debunk this sheit before they con more people into buying it....
Someone mentioned it on their reddit that the device actually doesn't mine anything just provide proof of coverage, all the rewards calculated and distributed by them. Also another huge red flag about this project is their "FUEL TANK" you need to lock your tokens otherwise your miner profitability drops hmm what does this reminds me... bitcooooneeeeeeeeeeeeeeeeeeeeeeeeeeect
So basically the rewards are paid out from other conned in foes money who buy the sky high 3k miners. This can work for a while but we know all ponzies come to the same end. See ring/thor finance and alike "nodes".
Anybody actually bought this sheit here and reversed the software running on it?
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BoardTokens (Altcoins)
Re: [ANN][ICO Completed]💎Gifto - Universal Gifting Platform|30mil Hard Cap💎
by
jarrjarr
on 22/10/2021, 06:39:27 UTC
Fuck CZ listing this fucking rug I lost -99.99% on this fucker like 1.5 k$. He should compensate us for listing a fucking rugpull like this and not even that but still have it listed on BINANCE AFTER 4 YEARS.
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BoardAltcoin Discussion
Re: GRV Gravity token is a complete rug
by
jarrjarr
on 16/10/2021, 08:09:03 UTC
There you go it's over 1 million $.
Tokens like this work great in depression and bearmarkets. This token started as well in september when everything was bleeding out as hell conning in thousands of investors.
The worst part about it is how they try to convince every newcomers about their fraudlent scheme that its real and true.
Just consider this:
I have invested 100 bucks as an experiment very early I got ~ 600K GRV.
Currently I have 0.000007753 GRV left due to the rebase which is: about 7.7$.
So explain it to me how is this not a fcking scam, lie, dirt and just in general a rugpull.
I see people complaining over and over and over again losing everything on their TG and they are instabanned. Imagine someone who put in 1k or more money into this seeing their investments go to shit.
I think its just the matter of time the scammers find this post and start giving us their "wisdom" here how is this the greatest token in the universe like MM...
Regardless everyone who was conned in this at any point might only have 1/10th of his initial investment left.
Good that gecko and cmc dont list this by value otherwise this fcking rug would be number 1.
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Topic
BoardTokens (Altcoins)
Re: [ANN][ICO Completed]💎Gifto - Universal Gifting Platform|30mil Hard Cap💎
by
jarrjarr
on 15/10/2021, 07:21:17 UTC
Is this fucking rug still alive? I still have this token on binance, how did these fucking scammers even got listed there lol? I'm surprised it's not on zero like substratum. I'm -99.99 on this one lost a grand.