The Bernie Madoff Coin Most Americans Cant Afford
to Buy - June 2017
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hottest craze in Bitcoin, the Bitcoin Casino,
is attracting folks from around the globe who view
the crypto-currency much like a corporate stock, so
contends the folks behind Political Vel Craft.
point being made is that most folks buying into the
craze assume Bitcoin and other crypto-currency are
assumptions are, of course, completely false. Bitcoin
is an entirely different beast
which is what
some of us really liked about the Bitcoin structure
in the first place (decentralized, peer-to-peer, NOT
when people are jumping into Bitcoin without an understanding
of what it is, they are placing bets in
a very risky casino system that they dont really
understand. This is where the danger lies for noobs
single Bitcoin is equal to $2,900.00 as of June 11
risks are many.
the power grid goes down, gold doesnt disappear.
If the Internet goes down, Bitcoin does.
is nobody to sue if you lose or become a victim of
theft. Likewise, nearly all the people who are rabidly
promoting Bitcoin have a conflict of interest: They
Vel Craft provided this possible explanation as to
why the price of Bitcoin continues to skyrocket:
explanation is that the Federal Reserve has decided
to rid itself of a competing currency and is driving
up the price with purchases while accumulating a large
position, which then will be suddenly dumped in order
to crash the market and scare away potential users
from Bitcoins. Remember, the Fed can create all the
money it wishes and, thereby, doesnt have to
worry about losses.
site offers this parting thought:
this point, Bitcoin is a casino. It didnt start
that way, but thanks to unscrupulous promoters, it
has become a kind of Ponzi scheme where a never-ending
supply of new buyers is required to keep propping
up the price
mostly by convincing technically-ignorant
noobs that Bitcoin is a magical source of endless
wealth creation that has somehow been brought to Earth
from an alternate universe.
Aaron Goldstein, Gambling911.com