Crypto Currencies ~ " Duck Tales Spin From The Crypt"

I have to say, this ETH jump, is questionable to me, its An anomaly, I watched it go up, and none of the other coins got pumped. BTC didn't even flinch.

I have a gut feeling of a fake pump for a downfall, get people in and then boom, shit show. It literally pumped a $100 in about 10 min.

Thoughts

 

I think you can spot xrp on binance. Ada is a good long investment from what I read and who all is behind it (tech wise). I have no clue about the others.

 

All these central bankers are the agony of our financial predicaments. But yea, she was bitching about btc and regulating, which will only make it soar. XRP is cheap at the moment, spot buying is a viable option. As much as i hate what Facebook has done and stands for, i am intrigued by the diem currency proposal, previously known as libra, which the government did not like and shut down the idea because it was a direct threat to fiat currency and a power grab by FB based on its exposure.

Its going to be an interesting few months to see how it all plays out.

 

I'm wondering if Glencore, or someone else, is going to come out with an announcement that their commodity trading will be backed and traced with ETH. It's been a rumor for a while that some Agricultural Commodity company is going to move to blockchain currency for trading since it would provide more tracible transactions without risking theft quite as much.

 

https://www.glencore.com/media-and-...joins-responsible-sourcing-blockchain-network This back in 2019

 

Yes, they've made public announcements that they want to use block chain currency to secure commodities trading for a long time. They won't use BTC, there is a feeling that it's finite nature and "criminal" past would be a hinderance. So ETH keeps coming up as the easy choice. Like the article somewhat says, it's dated, they were looking at Q1/Q2 of 2021 for full compliance with a bunch of safe guards before jumping in. If they go, we could see ETH suddenly tied somewhat to the price of Soybeans, Corn, or some other commodity that they'd like to stabilize while it's being traded.

 

That would be bump ETH price and will bring bigggg attention

 

Or, does it have something to do with Eth pyramid scheme, forsage? I know its been gaining steam again this year... as I have been seeing TONS of people who have no idea what crypto is, jumping into it claiming they're making huge amounts of cash.

 

My wife dabbles in the MLM thing, she's in another business and sees Crypto advertisements all the time, and yeah the pressure that market is placing on the big coins is ridiculous. The old "too big to fail could," could definitely be a part of the swing. What's scary is that real bubbles created by schemes like that are things that grow a bubble out like crazy.

 

From the outside it does look like that, to your point, hype generates interest, generates volume, price spikes. People who are truly making money are the ones who were in it from the beginning. Are there other people who took the risk and jumped at one point and made money (sure) will everyone make money (no), a lot will lose. At the moment, the profits and losses taken are from each other, someone is winning and someone is losing, well, the 100% winners are the ones charging fees.

Its all about the risk/reward aspect in this at the moment. Maybe down the line with adoption thats when it becomes something that contributes to value creation.

I may be wrong

at the end of the day, bullion is the true currency, but in our modern day of age, its logistically ludicrous and does not fit the current economic structure.

Digital currency will bring true control the fiat money did not deliver

Edit - Additional Note: Those making money, they are transferring that wealth in to tangible assets or business creation, funded by the people of the world lol

 

I honestly think it is. I have been watching the amount sent over to forsage. Latest numbers I can find has Forsage running with $2.8 million in eth transactions in 7 days. You give your money over to a "central host" who gives out the money based on how many people you sign up. This is pyramid, MLM, ponzi... whatever the kind of scheme you want to call it. That much money being transacted to/from one server with constant transactions within will create a rise in prices. Supply/demand. Prices go up as more people jump into the market. Prices go down when its abandoned. As soon as the forsage runners want to be done, they can pull the plug and take ALL the money. Its funny, you have to use a forsage backed wallet to pull money out of forsage? But you can use any wallet to transfer money to forsage.

 

Oh it's a complete scam. My wife isn't a part of it. She sells cosmetics that she uses herself but people are always trying to get her into other things.

I agree, if they are the cause they can cause the fall. The way their wallet is setup has already been called to attention. It also always shows peoples investment and gain in USD, so they think they can pull it out at any time when really they can't.

 

The most my wife gets into is the cookware, pampered chef.

 

Like any scheme, the first in make the most money. Pampered Chef has too many sellers. My wife makes nothing selling her cosmetics after her time is figured out, but she does get a discount on product she needs anyways.

She doesn't like that my 2080Ti in my ETH mining rig makes more per hour than her selling cosmetics though lol.

 

They have daily limits for that lol them fuckers, and they take a fee for every time you swap.

But you can hold it in a stable coin USDT or USDC, so kinda safe lol

 

Beware the salesman. He always has the advantage.

 

Yeah. I'm using Crypto.com so I'm already in a bad spot lol. At least they allow free conversion to fiat currency.

 

i left the moment they told me they reached the limit on selling to USD. Couldnt make the sale and ended up with some negative $. exchanged to BTC and then to the wallet, then unto bybit. That was my interest in using them, because of that, but did not know about the other BS they have going on.

 

The limit is $30K IIRC. I like their mobile interface lol. I'll bail once they screw me though. I know a lot of people get suckered into getting their credit cards or loans which are designed, like most, to pound your anus as hard as possible.