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.TUX. Flag 05 Sep 18 10.09pm

Originally posted by chris123

Well it's not backed by anything like a central bank -so who knows.

That'll be the (privately owned) Central Banks that have robbed you, i and many more for decades bud due to their inflationary currency backed by nothing other than their word? You honestly call that backing?
We've had 10yrs now of austerity ie the average working bod paying for the (deliberate) 'mistakes' of those funded by the very same Central Banking system that for some reason you appear to have faith in? Hmmm.
These same institutions have now led us into a worse scenario than they did in 2008!
Banks create nothing. They sell debt, with a premium, and that's the way the system is designed. To rob each and every one of us. End of.
When will the penny drop.

Cryptos are deflationary and are backed by people. Real people, like you and i. People who wish to trade 'peer to peer' ie you to me without the need for every single transaction going via a bank (why should it?)........and the ridiculous costs incurred.
When the owners of Wall Street (ICE) along with many many other large institutions are moving into this market then maybe it's time to sit up and listen? So much in this space is happening under the radar...........but you'll never hear this on the MSM.

Still a good time to buy.


Edit........I'll repeat again for thsoe who may have missed it. 99million dollars of Litecoin was recently sent on the lightning network in a transaction that took around 2mins and at a cost of........40cents.
This same transaction on SWIFT (that for the record Germany/Europe and others are looking to end) would've taken several days and cost between 2-3%.

TRILLIONS are transacted daily.

Edited by .TUX. (05 Sep 2018 10.17pm)

 


Buy Litecoin.

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chris123 Flag hove actually 05 Sep 18 10.19pm Send a Private Message to chris123 Add chris123 as a friend

Originally posted by .TUX.

That'll be the (privately owned) Central Banks that have robbed you, i and many more for decades bud due to their inflationary currency backed by nothing other than their word? You honestly call that backing?
We've had 10yrs now of austerity ie the average working bod paying for the (deliberate) 'mistakes' of those funded by the very same Central Banking system that for some reason you appear to have faith in? Hmmm.
These same institutions have now led us into a worse scenario than they did in 2008!
Banks create nothing. They sell debt, with a premium, and that's the way the system is designed. To rob each and every one of us. End of.
When will the penny drop.

Cryptos are deflationary and are backed by people. Real people, like you and i. People who wish to trade 'peer to peer' ie you to me without the need for every single transaction going via a bank (why should it?)........and the ridiculous costs incurred.
When the owners of Wall Street (ICE) along with many many other large institutions are moving into this market then maybe it's time to sit up and listen? So much in this space is happening under the radar...........but you'll never hear this on the MSM.

Still a good time to buy.


The Fed and the Bank of England do more than that.

 

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Tom-the-eagle Flag Croydon 06 Sep 18 4.11pm

Bitcoin has dropped over 8% today

 


"It feels much better than it ever did, much more sensitive." John Wayne Bobbit

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Stirlingsays Flag 06 Sep 18 4.22pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Tux, aren't you starting to feel like you're selling Betamax here?

Perhaps the time for crypto isn't quite now.

The big boys just don't want it to happen....for obvious reasons.

Edited by Stirlingsays (06 Sep 2018 4.25pm)

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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chris123 Flag hove actually 06 Sep 18 4.24pm Send a Private Message to chris123 Add chris123 as a friend

Originally posted by Tom-the-eagle

Bitcoin has dropped over 8% today

Still a good time to avoid like the plague then.

 

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Tom-the-eagle Flag Croydon 06 Sep 18 4.35pm

Originally posted by chris123

Still a good time to avoid like the plague then.


Personally I see no future for them. They have no real life applications and can never see them being used as currency (in order to actually buying something with) due to tax implications and the problems with huge fluctuations.

 


"It feels much better than it ever did, much more sensitive." John Wayne Bobbit

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chris123 Flag hove actually 06 Sep 18 4.46pm Send a Private Message to chris123 Add chris123 as a friend

Originally posted by Tom-the-eagle


Personally I see no future for them. They have no real life applications and can never see them being used as currency (in order to actually buying something with) due to tax implications and the problems with huge fluctuations.

Seems Goldman Sachs may agree.

 

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Tom-the-eagle Flag Croydon 06 Sep 18 4.54pm

Originally posted by chris123

Seems Goldman Sachs may agree.


Good, I'm glad Goldman Sachs agree.

I like it when I can dish out pearls of financial wisdom on the HOL and the large institutions agree with me.

 


"It feels much better than it ever did, much more sensitive." John Wayne Bobbit

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chris123 Flag hove actually 06 Sep 18 5.08pm Send a Private Message to chris123 Add chris123 as a friend

Originally posted by Tom-the-eagle


Good, I'm glad Goldman Sachs agree.

I like it when I can dish out pearls of financial wisdom on the HOL and the large institutions agree with me.

Regulatory uncertainty and you where just enough it seems.

 

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Stirlingsays Flag 06 Sep 18 5.42pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

The devil doesn't exist.

But if he did his business card would read 'Goldman Sachs'.

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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pefwin Flag Where you have to have an English ... 06 Sep 18 6.07pm

Cryptocurrencies collapse after report Goldman is rolling back trading desk plans

[Link]

 


"Everything is air-droppable at least once."

"When the going gets tough, the tough call for close air support."

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pefwin Flag Where you have to have an English ... 06 Sep 18 6.08pm

Originally posted by Stirlingsays

The devil doesn't exist.

But if he did his business card would read 'Goldman Sachs'.

inventors of the CDS.

 


"Everything is air-droppable at least once."

"When the going gets tough, the tough call for close air support."

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