hex.com . These things are designed to take out the middle men. Plenty on youtube about various bits and bobs. As ever, do your research well.
Bit coin scam
- Thread starter Devil's advocate
- Start date
As I've already said I don't have any but the Uniswap V2 liquidity pool should allow significant drawdowns if required.
farmerm
Member
- Location
- Shropshire
Before investing in any form of crypto research One Coin and the missing crypto queen....
I have mentioned before years ago eldest son bought something on ebay & the nerd selling it wanted paying in Bitcoins so son had to buy 5 just so he could give 3 to the guy he was buying on ebay from, reckons they cost him about a fiver each, tells me yesterday the two together he luckily still has are now worth over £100,000, that is if he ever has the nerve to cash them in!
He could hedge his bets, and cash just one of them in.
We won't mention the 5 others he lost on an old computer of his, trouble is they get caught up in all the talk of their value rising to £100,000 a piece or more, I told him he was wasting his money at a fiver a coin as he regularly reminds me!
- Location
- Scottish Highlands
Throwback Sunday:Imagine if you had bought HEX at around a penny when I posted about this scam. You would be kicking yourself now. Not to mention the duplicate stakes you will get on the new pulsechain and the 40% APR.
HEX
apphex.win
When this message was posted, HEX cost 5.6p each and @Pasty was lauding them as a great investment choice. Today, they are… 2.8p
Even the FTSE is higher than it was in June 2021.
but it’s not a scam.Suckler cows are the greatest scam of all time. But they still hang in there, and quite nice to look at. They don’t devalue by ninety perfect overnight, (well unless they keel over and die), and approx once a year, they throw you a dividend in the middle of the night, more often than not.
I think I’ll stay away from the hex coin and in the hex cows.
I think I’ll stay away from the hex coin and in the hex cows.
farmerm
Member
- Location
- Shropshire
I have said it before I will say it again, curropto is nothing but a scam. Digital currency can hold no value when an infinite number of digital currencies can be created and many if not all of these can be divided into sub units indefinitely. More sub units of curropto can exist than there are grains of sand in the universe.
essex man
Member
- Location
- colchester
If you divide a penny into a thousand pieces, it makes a pound worth less by this strange maths of yours.
There will only ever be roughly 20 million bitcoin, it's irrelevant to their value that you can buy/sell fractions of one.
The whole point is that there is a finite amount unlike any store of value in human history.
farmerm
Member
- Location
- Shropshire
Emperors new clothes.... Take your pile of 1000 penny shreds and see if you can get someone to exchange a penny for them.... Divide a pound by more than 100 and it doesnt just become worth less than a pound it becomes worthless! The number of Bitcoins may be finite, but bitcoins are not really traded, it is subunits of bitcoin that are traded, supply of subunits is infinite... The number of copy currencies that can be created that share all the same fundamental properties of Bitcoin, bar the name, is also infinite. Infinite divisibility and infinite alternatives, curupto currencies as a store of value....
- Location
- Limousin
The biggest problem with crypto currencies is the word 'currency' which they are not, it's just straightforward gambling. Most people would probably be better betting on the horses, where at least there can be some skill and knowledge needed to be successful.
essex man
Member
- Location
- colchester
err, the pound doesn't become worthless by dividing it up!!!! bitcoins are traded, that's the point!Emperors new clothes.... Take your pile of 1000 penny shreds and see if you can get someone to exchange a penny for them.... Divide a pound by more than 100 and it doesnt just become worth less than a pound it becomes worthless! The number of Bitcoins may be finite, but bitcoins are not really traded, it is subunits of bitcoin that are traded, supply of subunits is infinite... The number of copy currencies that can be created that share all the same fundamental properties of Bitcoin, bar the name, is also infinite. Infinite divisibility and infinite alternatives, curupto currencies as a store of value....
as to your second point, I can make print bits of paper with the king's head on them, this doesn't mean that our currency is worthless
caveman
Member
- Location
- East Sussex.
Beads, buttons, mirrors and pebbles used to be used as currency, but then other forms of currency came about and diluted their value.
Personally. I'm keeping my old mums tin of beads and buttons. Just in case.
Personally. I'm keeping my old mums tin of beads and buttons. Just in case.
farmerm
Member
- Location
- Shropshire
cut your £1 coin into 1000 slivers and see what those 1000 slivers are worth? See if you can find anyone who will give you £1 for that scrap metal! Your home printed bits of paper with the kings head on them do not have the same properties as legal tender, fundamentally one is widely accepted as a means of exchange backed by the bank of England and the other does not and never will have a tradeable value.
Ten years ago you could have traded a grape for a bitcoin, today you could exchange that 1 bitcoin for the vineyard the grape was grown in, when did we last see such nonsense rise in valuations, 1637 Tulip bulb mania.... just like now with corrupto, uneducated investors piled more and more money in expecting to make a quick buck without understanding the basic fundamentals of what gave the asset value, for most it ended rather badly....
There are now over 10,000 currupto currencies that share the same fundamental properties as bitcoin, "limited" supply, tradeable, divisible, traceable digital store of wealth. Each created by an individual or group of individuals who are trying to create wealth for themselves out of thin air by convincing "investors" aka mugs, to buy into their Ponzi pyramid scheme.
I can never be sure what the initial creator of Bitcoin really intended but at this point the entire Curropto currency sector is nothing but a sewer of trickery, lies and criminality leveraged on more lies and more criminality.
Onecoin...
FTX colapse...
etc etc
If allowed to continue festering currupto will ruin both lives and economies.
essex man
Member
- Location
- colchester
Agree with some of that, most crypto is pump and dump junk, designed to have a fake limited supply, purely for the originators to cash in at some point.
national currencies can clearly be overprinted and rendered valueless, it has happened before and is happpening now, does this render all national currencies worthless?