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RE: Visualizing The Worst Crashes In Bitcoin History

in #bitcoin8 years ago

Crypto -must- crash and shortly. Reason is exchanges had to make a virtual futures crypto to represent slow moving blockchain true crypto. It was easier to take this generalized approach than try to get blockchain a to talk to blockchain b across hundreds of different technology derived crypto.

Of the 'true blockchain cryptos' if you download and examine the ccminer source code you will find ALL of then derive from about 20 families of cryptographic hash functions.

What exchanges sell you is futures, a representation of blockchain crypto, and completely worthless as it can be infinitely diluted like everyone discovered with tether a very smartly crafted fine print agreement on an unregulated exchange..

a. user gives them fiat.

b. User trades fake futures crypto.

c. Exchange refunds them tether which they typed up in a script.

d. User now has forfeited any claim to their deposits.

e. User was done from beginning it is an unregulated exchange for a reason like the old forex scamsters and wolf of wall streets.

If IF you have the ability to withdraw from your offshore poker stars unregulated crypto exchange please do so immediately. which of them is honest and fake (Robin Hood free trading really!,) I would put down to 5%ish.

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