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RE: CRYPTO BOMBSHELL - Cryptocurrency’s Dirty Little Secret
This is bollocks mate, the less currency is on a market to trade, the higher the demand, so the value will just rise because of those millions that will never enter the market because of unrecovarable, lost etc
I disagree. The false valuation is certainly criminal fraud. It is immoral for this tragedy in human terms to be a profit center for anyone. Neither can it be calculated or monitored. This is a serious problem and investors need to beware.
The whole world is a fraud, but we were not talking about that, or about the mechanics behind bitcoin and crypto (and regular markets for that matter). My previous statement is simply a simple example of how a market based on question & demand works. And that’s also what’s wrong about your assumption, because with scarcity (because of all those unrecovarable accounts you mentioned) and a high demand (next bitcoin bullrun) the price will go up. There’s nothing criminal about that ... Anyway, have a nice day and good luck
A currency's value being misrepresented is criminal somewhere in some law book somewhere. You bought your currency because of what you saw as the valuation. You were vastly misled about assets. You make a valid argument when you bring up the fact that the currency is valued based on belief. The tragedy is the loss of real value to society and to the future generations. Good luck to you as well my friend. "What does it profit a man to gain the whole world only to lose his soul?"...Jesus (paraphrased)
The value is lost to the currency as well, yet on record as a real asset.