Digital 'Currencies' Are ALL A Scam

[LDARboyo]

ETH has been baller for me brah. I don't care about longterm viability, I care about $$$

[halberstram]

Do you still want to make that guarantee?

I have over 2000 ETH bought ages ago. Yes, I do. Unless you have more ETH than I do.

[faxanadu]

it rained yesterday, therefore it must rain today.

- Transfer money quicker
- Transfer money cheaper
- Transfer money more securely
- Transfer money more anonymously
- More reliable
- Smart contracts

... conventional money wins where?

[MetroBrah]

I have over 2000 ETH bought ages ago. Yes, I do. Unless you have more ETH than I do.

ETHered

[faxanadu]

I have over 2000 ETH bought ages ago. Yes, I do. Unless you have more ETH than I do.

Not sure i'd be announcing that online.

[halberstram]

Not sure i'd be announcing that online.

Why? I sold it

[BostonRockets]

Why? I sold it

Fuark mirin

are you done with crypto now or do you still buy other coins?

[snufy]

I read some, but not all OP...

However you made a mistake.... it requires electricity to mine, via any source, therefore it is similar to mining gold etc... in that it requires effort and resources in the physical world.

[mcdojo]

- Transfer money quicker
- Transfer money cheaper
- Transfer money more securely
- Transfer money more anonymously
- More reliable
- Smart contracts

... conventional money wins where?

Most of those benefits are destroyed by multiple crptocurrencies. Only one can prevail, else all the convience is gone, and you'll lose money and time having to convert from one to another.

It's like investing in HD DVD because the technology is better then DVD. Brb Blu-ray comes and kills you. There was no world where both Blu-ray and hddvd could coexist for consumers.

[Parkerscott]

Why? I sold it

Ahh. At which point did you sell though? Thats going to be the real kicker

[seanb1979]

There are people who invested 1k into bitcoin a few years ago and are now sitting on 2 mil +

wonder why they dont buy a nice car or house with it? oh wait...

[Parkerscott]

wonder why they dont buy a nice car or house with it? oh wait...

I dont understand what you are getting at? I was easily able to liquidate my ethereum into straight cash. If I want to buy a house I can go pay with all the new cash i have.

[SadBoys]

Unless i got something in my hand that i can hand to the cashier, i dont trust it

This. Our current money is fake enough as it is, no need to make it even more dubious.

[Jallalabadbad]

Unless i got something in my hand that i can hand to the cashier, i dont trust it

Within 6 months there are going to be multiple debit cards which can be funded with cryptocurrency and you can then buy anything through a normal point of sale system. One of which should be announcing partnership with visa soon.

MFW people say 'crypto is pointless cause you can't buy anything legal with it'

[Jallalabadbad]

wonder why they dont buy a nice car or house with it? oh wait...

Oh wait

http://www.cryptocoinsnews.com/lucky...g-with-bitcoin


http://www.businessinsider.com/a-4ch...n-2013-12?IR=T

[StevieSparkZ]

This wont last long, as this is untaxed revenue and the United States government isnt about that life. Main reason for me not getting into mining.

Cryptos are already taxed by the IRS....

As of 2014, crypto currencies are recognized as capital gains.

[Psychotropic]

Oh wait

http://www.cryptocoinsnews.com/lucky...g-with-bitcoin

Did you even read it? IMO it is not a good advertisement for bitcoin

Half the reason for bitcoin popularity is the price speculation and lure of profit which on the flip side is horrible for a currency to work

[xXGHOST23Xx]

Within 6 months there are going to be multiple debit cards which can be funded with cryptocurrency and you can then buy anything through a normal point of sale system. One of which should be announcing partnership with visa soon.

MFW people say 'crypto is pointless cause you can't buy anything legal with it'

considering the volatility at the moment and possibility of price appreciation, who tf in the right mind would spend their coins via debit card? renders the debit card essentially useless

[RightKindaGuy]

wonder why they dont buy a nice car or house with it? oh wait...

da fuk?

[Tasteful]

The way I see it is that I can bear losing the money I have put into this. I'm aware that it could all be a huge scam and the market's manipulated by a few very rich, powerful people that will cause many regular people to invest a lot of money only to be left with nothing while the rich, powerful people have multiplied their wealth and caused devastation. But since I'm comfortable possibly losing what I put in, I'm okay with the risks.

You have brahs putting in tens of thousands and I'm sure many of them aren't completely secure enough to be able to lose that money and not miss it. I'm putting in €3,000 mostly into ETH, some into LTC and some into alts and just holding for a few years. Once the prices rise to the point that I can cash out a lil bit of my coins to get back my original investment of €3,000 I will be happy because then I can at least justify it by saying I haven't lost any money. From there, I'll hold what I have left until the very end. I'm tempted to put ~€600 of that €3,000 into alts in order to do some trading because I know there's lots of money to be made from it, but I'm not very capable of being patient enough with that kind of thing and would probably be stressed. Holding long term can still potentially make a lot of money.

[lowroller21212]

brb cash is also a scam from inception






































but at least you have a physical copy of it

spoiler/ unspoiler: it is created on a debt and passed down to you (the 99.999%)



banks can lend 10x what you have on deposit

vid cliffs: such is life
-will always be a govt-bank conflict of interest since they issue the physical notes
-market fluctuations are based on "confidence" - your ability to part with cash in a stock market casino
-when banks default on "debt-money", governments "we the people" f kn bail them out (examples: Greece)

[imbored21]

All currencies are fake because if the chit ever really hits the fan, the word economy crashes, there will be two currencies. Food and ammo (guns).

And kunt

[tekkenbruh]

I ain't reading all that chit. Gonna go count my profits instead, lol @ op

[PowersKenny]

The OP is correct. To add, he's not saying some people won't make money, he's saying in the long run or short run actually, 90% of the money will go to 10% of the people invested until it fails. For those who make money, awesome, you did good. For the millions of fools who lose money, you have been warned.

- Wolf of Wall St
- Bulldog

[IllumX]

I dont understand what you are getting at? I was easily able to liquidate my ethereum into straight cash. If I want to buy a house I can go pay with all the new cash i have.

what do you use to buy the crypto currency? What do you use to transfer to your bank account? How long does it take and are there limits?

[BrahPlease]

Most of those benefits are destroyed by multiple crptocurrencies. Only one can prevail, else all the convience is gone, and you'll lose money and time having to convert from one to another.

It's like investing in HD DVD because the technology is better then DVD. Brb Blu-ray comes and kills you. There was no world where both Blu-ray and hddvd could coexist for consumers.

Yeah, plus that chit is on the fringe. Nobody accepts it except a few internet stores, and converting it to real money can also scam you and end up with nothing lol.

[Drhunglow]

Yeah, plus that chit is on the fringe. Nobody accepts it except a few internet stores, and converting it to real money can also scam you and end up with nothing lol.

My friend argued that he would rather buy things with BTC than paypal or credit cards. So then he bought something for about $3k USD with BTCs and the retailer never sent him anything.
You can make money off crypto currencies off people like him, he still thinks it's better.

[recedingjaw]

Didn't read a damn thing, too busy counting all my money i made from crypto.

Just be smart and you can make a lot of money right now with crypto. If you are an average pleb you'll probably get burned.

Most people being negative about crypto cant afford to get in to begin with. They desperately want to invest but might be in a tight spot financially, so they resort to trolling around calling crypto a scam to make themselves feel better. Meanwhile the people who are in are enjoying fat stacks.

[MetroBrah]

Im buying a Maserati and then wreck it 100 miles an hour without car or health insurance, then using crypto money to pay for hospital bills and new Rolls Royce Phantom

[hackerwacker]

Didn't read a damn thing, too busy counting all my money i made from crypto.

Just be smart and you can make a lot of money right now with crypto. If you are an average pleb you'll probably get burned.

Most people being negative about crypto cant afford to get in to begin with. They desperately want to invest but might be in a tight spot financially, so they resort to trolling around calling crypto a scam to make themselves feel better. Meanwhile the people who are in are enjoying fat stacks.

This attitude kind of proves the OP's whole point. Very very few people use cryptos as an actual currency with future worth. Everyone buys into it hoping it gets pumped so they can cash back out for a REAL currency. It's exactly like a ponzi scheme