RE: 3p12 Oct 2024 11:56
Sian, do you actually understand the technology? I do, and a blockchain can be created in less than an hour. If blockchain is going to take over the world then fine, as a distributed database, but the "coin" element is utter garbage. Digital entries on someone elses ledger? - and that is supposed to be the height of financial sovereignty? Nonsense.
I said to my friends as a joke, "the next big coin will be Excelcoin, you pay money to a guy and he creates an entry in Excel for your coin, it is going to be massive" and one of them seriously asked how he could buy it. All of these "coins" floating around are scams, they are worthless, and that includes bitcoin. Bitcoin is not money, it cannot be. Money, at a national or global level cannot be of a fixed limit, I will let you guys consider why.
Rant over but if I stop one person losing their shirt in these scams it will be worth it. Any that includes you Seingred, nobody cares if you bought into this crap and made money, in fact congratulations, but it will all end in tears, I can see from your posts that you are a decent trader, you have a chance at getting out so take it. I sold all my bitcoin at $50k, I knew it was garbage but just held it as an obvious trade.