proverbial last nail in the coffin comes in the form of an argument about trading and currency. You are likely to eventually lose any money that you gamble invest". (Moderators: Cyrus, hilariousandco ) Warning : You are in the, gambling section. Fraudsters will keep an eye on items that have limited inventory as it gives them an additional opportunity to steal and sell those items on the dark market for a higher price, Dietrick says. The fact that anyone even has to discuss the fate of this and other so-called cryptocurrencies shows just how crazy the world has become. And the only real explanation is that the confidence game is falling apart. Best Answer: Anything can collapse suddenly, not just pyramid schemes. But Ive been especially vocal since early this year, when bitcoin was reaching nearly 20,000 in price and even staid Wall Street firms were being lured to this investment. According to a report from electronic payments expert ACI Worldwide, there will be a 14 percent increase in fraud attempts between Thanksgiving and New Years Eve.
Bitcoin pyramid scheme game
But how active will crooks be this holiday season? The author also questions the credibility of Bitcoins total market capitalization stating the absence of any prior practice.
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Things that go straight up in a short period of time tend to come down quickly also. I bitcoin to inr exchange don't expect Bitcoin to go away but I would not be putting my money into. Given the decentralized nature of Bitcoin, the source of information used to draw a conclusion is irrelevant. I dont know, although I did predict in another column that it would before the end of this year. Author, topic: Bitcoin Pyramid Beta - the oldest working pyramid? Bitcoin is a thought.
The ancient Egyptians made pyramids to last forever. On the day that column was published, bitcoin was selling for 15,144. Is it any different from speculative forex trading? Bitcoin is known for its similarities with gold the purest form of money until it came along. Ive been calling it a bitcon for a long time. That was below the 19,650 peak it reached on Dec. Regarding the pyramid scam, maybe the author is in a better position to offer some clarification, for there is no indication whatsoever that the money received from fresh investors is used to pay off others.
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