Godlike Productions - Discussion Forum
Users Online Now: 1,982 (Who's On?)Visitors Today: 521,941
Pageviews Today: 832,450Threads Today: 338Posts Today: 5,202
08:59 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Cryptocurrency becoming a huge risk to investors.

 
SW Fla Pirate
Offer Upgrade

User ID: 78008720
United States
06/04/2021 05:17 AM

Report Abusive Post
Report Copyright Violation
Cryptocurrency becoming a huge risk to investors.
IRS and FBI urging government intervention in Cryptocurrency which could bring this windfall to an abrupt end. Some officials want this form of trade deemed illegal ending the American involvement.

As the risk increases, cybercriminals can hack into cryptocurrency trading platforms and steal funds making the entire system at risk.


Cryptocurrency is already the most preferred form of exchange in cases of ransomware attacks. Ransomware incidents usually have a common thread. Cybercriminals can hide their true identities when asking for ransom in digital currencies.
Anonymous Coward
User ID: 79915262
Canada
06/04/2021 05:27 AM
Report Abusive Post
Report Copyright Violation
Re: Cryptocurrency becoming a huge risk to investors.
it's an unregulated market, they are saying they want to 'protect investors' what they actually want is more control in the market

cryptos allow people to send $ to other people without middleman like banks, of course gov hates that

basically this boils down to:
when billionaire hedge funds manipulate financial markets, that's OK
when elon musk tweets pump bitcoin and doge, that's OK

when regular people try to do the same thing & buy Gamestop shares, that's NOT OK
when regular people try to have more control over their financial lives to free from the debt slavery system THATS NOT OKAY COMRADE
Anonymous Coward
User ID: 79924355
Netherlands
06/04/2021 06:17 AM
Report Abusive Post
Report Copyright Violation
Re: Cryptocurrency becoming a huge risk to investors.
First your own swamp then you meet others ,then smudge or merge with crypto ?
Anonymous Coward
User ID: 79389141
United States
06/04/2021 06:33 AM
Report Abusive Post
Report Copyright Violation
Re: Cryptocurrency becoming a huge risk to investors.
I also believe this to be the undoing in mass market. Once the exchanges no longer convert to USD. Did everyone so easily forget what happened with MT. Gox and Silk Road?


Black Market on the other hand has its place at least untill quantum computers make short work of the encryption.
Victor Vectors

User ID: 71388910
United States
06/04/2021 06:45 AM
Report Abusive Post
Report Copyright Violation
Re: Cryptocurrency becoming a huge risk to investors.
With Elon Musk's yapper it is.
SW Fla Pirate  (OP)

User ID: 78008720
United States
06/04/2021 07:03 AM

Report Abusive Post
Report Copyright Violation
Re: Cryptocurrency becoming a huge risk to investors.
bump
Anonymous Coward
User ID: 80438488
United States
06/04/2021 07:19 AM
Report Abusive Post
Report Copyright Violation
Re: Cryptocurrency becoming a huge risk to investors.
Meanwhile, the Fed is working on their own form of the digital dollar. The EU and Chinese banks as well.

book


- - - - - -
Anonymous Coward
User ID: 80144618
United States
06/04/2021 07:32 AM
Report Abusive Post
Report Copyright Violation
Re: Cryptocurrency becoming a huge risk to investors.
People who think it's good for crime and money laundering have got it backwards.

But most people are clueless apes.

If you learned about the technology then you'd know that it's actually designed to work within the law (code is not law) and that it's the solution to money laundering and internet hacking.

But very few have any clue how the technology works, they just care about trading and are greedy.

In fact all but original Bitcoin is a scam. BTC is not original Bitcoin.
Anonymous Coward
User ID: 80445872
France
06/04/2021 07:48 AM
Report Abusive Post
Report Copyright Violation
Re: Cryptocurrency becoming a huge risk to investors.
Crypto: Congress Dawdles as $1.7 Trillion Con-Game Goes Unregulated, Threatening Reputation of U.S. Markets

If you want to get your hair cut outside of your home in the United States, the job has to be done by a licensed worker at a regulated business. The same thing applies to plumbers, electricians, home inspectors, real estate and insurance agents. They all require a license and are subject to regulatory scrutiny.

Likewise, commodities like corn, sugar, wheat, lumber and oil are all traded on regulated exchanges which are overseen by a federal regulator.

But, for reasons that have yet to be explained to the American people, when it comes to the $1.7 trillion cryptocurrency market – which is effectively a con-game based on the greater fool theory, nothing is regulated. Not the crypto currency; not the promoters; not the crypto exchanges; and not the firms that are providing as much as 100 times leverage to fuel this “rat poison squared,” as the legendary investor Warren Buffett has characterized Bitcoin.


[link to wallstreetonparade.com (secure)]


hiding


spock
 Quoting: Anonymous Coward 80441901



Fed’s Reverse Repos Surge to Historic $485 Billion: What’s Wall Street Afraid of This Time? June 2, 2021.

Everyone across Wall Street seems to have their own idea of what has caused Reverse Repos at the New York Fed to skyrocket during the month of May. One of the frequently expressed theories is that there’s a surplus of cash swashing around Wall Street as a result of the $1.9 trillion stimulus bill passed by Congress in March and the attendant surge in deposits into banks and money market funds.

There’s a problem, however, with that thesis. According to the New York Fed’s Excel spreadsheet of its daily Reverse Repos, the dollar amounts went from a low of $3.45 billion on April 5 – the month after the stimulus bill was passed and stimulus checks went out – to a high of $173 billion on April 30.

The gargantuan surge in the Fed’s Reverse Repos occurred in May, not April, and has continued into the first days of June. During the last week of May, the Fed’s overnight Reverse Repos ranged from $369 billion on May 21 to an all-time historic high of $485 billion on May 27. In the case of the May 21 Reverse Repo, which fell on a Friday, that deal was not an overnight operation but lasted throughout the weekend, maturing on Monday, May 24. The counterparties who took Treasury collateral from the Fed and loaned it $369 billion for the weekend, earned zero interest according to the data at the New York Fed.

Another theory making the rounds is that corporations are wary of parking their idle cash in money market funds holding securities other than U.S. government paper. That’s because the Fed had to create a bailout facility for those non-government paper money market funds during the March 2020 market crisis.

Since Treasury money market funds, that so many corporations and institutions are flocking to, typically cannot hold anything longer than a one-year instrument, there may be a surge in demand to get one’s hands on one-year Treasury bills.

Whatever is causing the rising fear on Wall Street, there is no question that the fear is spreading to more firms that do business with the New York Fed.


[link to wallstreetonparade.com (secure)]

My theory about that is that these idiots spent the billions to buy the crypto fever, borrow from the FED at 0% to gamble on cryptos to hopefully make quick double digits gains, then later they would pay back the borrowed billions.

But something went wrong, hahaha! you guess what, the con men hyping the cryptos took the money and run thru the unregulated jungle of the crypto wonderland, wooohoo !

If i guess right, and if this is why there's been a sudden surge to borrow from the repos machina, the situation is already worse than i considered, or maybe there's a double swing here, some borrow to con those that borrow to play the crypto casino Ponzi scheme, amongst them also there would be those borrowing to cover huge losses playing the crypto fever golden boys, and of course there's the wild card of a sophisticated scheme to sabotage and bankrupt target institutions and such, if true the domino effect i anticipated would spring forth from that monkey business.
 Quoting: Anonymous Coward 80441901



This is not about small cyber criminals at all, it's about big investment banks like JPM, Goldman Sachs and such coning banks and speculative funds by hyping and selling them derivatives loaded with cryptos which are worthless, it's a big coup underway, very dangerous scheme that could start a chain reaction bringing a global financial crisis, hence there are no regulations at all, it's like a casino, if you lose your money, even if it's a proven Ponzi scheme you cannot sue the guys sucking the wealth from unsuspecting
'investors', completely seduced and charmed by what i call the crypto fever, that's what i tried and still trying to expose in that thread :


Thread: Bitcoin top is in @64,800 (Page 6)

Please wake up people, put aside your greed and take action before you get stuck holding worthless tokens, sell at profit if you can but get out asap.

I'm here to help ! JMHO.
Anonymous Coward
User ID: 80445872
France
06/04/2021 08:18 AM
Report Abusive Post
Report Copyright Violation
Re: Cryptocurrency becoming a huge risk to investors.
Bitcoin and Ethereum will collapse a turn worthless,

Then all the others cryptos will get the same fate, meanwhile the banksters are preparing and elaborating there own global digital currency system backed up by gold, which is about to return to the global currency status from the commodity status(Basel III).

It's a big spyOP, youngsters are furtively brainwashed by the idea of easy and handy global digital currencies and the block chain architecture, they use them as useful idiots to spread the idea of a future financial system which is nothing less than a global digital prison, you wouldn't be able to escape unless you chose to live struggling outside of the box.

So once the common cryptos collapse by design to usher in a new global financial crisis, the people will turn their back to these toxic cryptos, then these big fat cats will come out to provide and tout their own digital system, by the time all the fiat currencies would have become worthless also by design because of their engineered global financial collapse, therefore people would have no choice but to sign up to keep doing business on a local, national and global scale, by vital necessity.

See how that works ?

You young newbies have no clue, you must listen to the veteran and the old school guys, they see and understand how you're been played, never get seduced, driven by your greed and by the success stories touted by the corrupt paid shills and promoters out there, sure there are real success stories but that's part of the deception scheme, to make you dream and believe you too would can retire after and easy road to build a lifetime wealth, some of these stories might be completely fake and fabricated to keep the myth and the illusion strong and effective.

Beware !
Anonymous Coward
User ID: 80445872
France
06/04/2021 08:22 AM
Report Abusive Post
Report Copyright Violation
Re: Cryptocurrency becoming a huge risk to investors.
Bitcoin and Ethereum will collapse a turn worthless,

Then all the others cryptos will get the same fate, meanwhile the banksters are preparing and elaborating their own global digital currency system backed up by gold, which is about to return to the global currency status from the commodity status(Basel III).

It's a big spyOP, youngsters are furtively brainwashed by the idea of easy and handy global digital currencies and the block chain architecture, they use them as useful idiots to spread the idea of a future financial system which is nothing less than a global digital prison, you wouldn't be able to escape unless you chose to live struggling outside of the box.

So once the common cryptos collapse by design to usher in a new global financial crisis, the people will turn their back to these toxic cryptos, then these big fat cats will come out to provide and tout their own digital system, by the time all the fiat currencies would have become worthless also by design because of their engineered global financial collapse, therefore people would have no choice but to sign up to keep doing business on a local, national and global scale, by vital necessity.

See how that works ?

You young newbies have no clue, you must listen to the veteran and the old school guys, they see and understand how you're been played, never get seduced, driven by your greed and by the success stories touted by the corrupt paid shills and promoters out there, sure there are real success stories but that's part of the deception scheme, to make you dream and believe you too would retire after and easy road to build a lifetime wealth, some of these stories might be completely fake and fabricated to keep the myth and the illusion strong and effective.

Beware !
 Quoting: Anonymous Coward 80445872


Fixing the typos and bumping with sincerity and love.

Peace out.

bump
Anonymous Coward
User ID: 71555911
United States
06/04/2021 08:52 AM
Report Abusive Post
Report Copyright Violation
Re: Cryptocurrency becoming a huge risk to investors.
bsflag

Go try and buy silver and have it delivered you moran and see how long you wait for that scam
Anonymous Coward
User ID: 80433213
United States
06/04/2021 08:58 AM
Report Abusive Post
Report Copyright Violation
Re: Cryptocurrency becoming a huge risk to investors.
It is a very huge risk.

Especially if you have not done your homework.

And even then...?

Nothing is guaranteed.

Nothing has really been written yet though.

Technology can be used for good or bad.

But looking back, no one can stop if from happening.

book


- - - - - -
Anonymous Coward
User ID: 80445872
France
06/04/2021 09:40 AM
Report Abusive Post
Report Copyright Violation
Re: Cryptocurrency becoming a huge risk to investors.
Here's the deal fox,

Once the banks and the speculative funds and Al who bought the toxic crypto based derivatives, realize they've been deceived and coned, a huge spread of selling orders will occur all across the board, the little greedy crypto fancy tards will be buried so quick, that they won't even catch up with the sell off trend, taken by surprise.

Else, these idiots financiers won't realize anything until the con men pull the plug and drive the cryptos to zero, collapsing many competing financial institutions deemed to be eliminated and wiped off the financial spectrum, that means eliminate all competition.

How these con men would drive the price to zero and usher in an intense panic climate ?

simply because they are the guys that hold most of the cheap cryptos they've been stacking up to rule and steer the markets as they want, then later they pumped and hyped the crypto 'revolution' to gather as much dumb money as possible on a global scale, from every kinds of social class.

This is obvious when you see how the trading behaves, they use the dumb money they collected from their toxic financial instruments to pump the prices up and create fake and artificial bullish trends, they can also drive the price to new lows and lock the suckers out there, to generate bullish golden dips to recall the money that went out with a profit.

Finally these con men use more powerful devices and softwares than the common guy out on the street, they are faster and would always cut the line.
SW Fla Pirate  (OP)

User ID: 78008720
United States
06/06/2021 12:40 AM

Report Abusive Post
Report Copyright Violation
Re: Cryptocurrency becoming a huge risk to investors.
Here's the latest....


Anonymous Coward
User ID: 80147801
Australia
06/06/2021 12:49 AM
Report Abusive Post
Report Copyright Violation
Re: Cryptocurrency becoming a huge risk to investors.
Massive bull flag atm next target 8k





GLP