MAJOR WARNING - ALL COINS

[kryptqnick]

Hello dear fellows,

I'm an economist and I just want to give you a head up to sell all your coins before they get worthless.
Including Bitcoins.

Today there are over 750 cryptocoins in existence.
Because literally anyone, any team of people can design and create their own coins. Very easily with all the open source codes available.

So, if anyone can create any amount of their own coins.
Guess what the value of that coin will be on the market?
0.
It's value is zero.
It's literally worth less than water or the air you're breathing.

Once people start to realize this, that the coins have no realistic valuation, each and every single one of every coin will be worth NADA. 0. ZERO. NOTHING.
Enjoy the ride while it last, and get out fast.

Regards

Okay, there are a few problems I can see here. #1 is that fiat is also quite worthless, it is definitely not backed up by gold anymore and it is printed in expectation that in the future it will obtain the price, because people will use it. Cryptocurrencies are even more like that. Their 'real' price might be calculated by counting the sums of money spent on electricity to mine the coins (if we deal with Pow), to store coins (PoS) or to run some code which regularly throws some amount into circulating supply. However, it doesn't really work like it, for we can see that coins are actually worth more and if they weren't, they wouldn't exist, for nobody would've mined/stored/produced them without profit. Demand and offer system owrks with cryptos perfectly and allows us to say they do have a price.
I agree with you on some points, though. For instance, I also think it is possible that people will realize there is no real value under these currencies and they will become worthless. But for that the world needs something like World War 3 when nothing except food and shelter will have price.

[Viscera]

Hello dear fellows,

I'm an economist

This is the funniest thing I've seen all day. You say you are an economist which explains why A: You don't understand cryptocurrency B: why you talk about the value of the market without mention of what your valuation is measured in (i.e. Nada what... $US, gold, silver?) and C: why you think people should value your oppinion even though it's provably worthless.

Thanks for the laugh

Regards?!

Don't forget to stick your nose in the air while you ignore crypto, I hope you never own any.

[veneg]

Hahaha this is the CHARLATAN that is on all the ICO threads.He have a second account but I will not say the nickname...

[biggan]

Hahaha this is the CHARLATAN that is on all the ICO threads.He have a second account but I will not say the nickname...

I've been involved in mining bitcoins and altcoins since 2013 but no, I've never made an account here before.
I just wanted to warn my fellows and friends.

To create value out of nothing is not a road to success or becoming rich.
And, I've already mentioned but I'm gonna do it again since some of you people obviously can't read, USD/EUR is just as much of a scam as these cryptocoins is.
I call it "digital candy".

[Caesar-Giulius]

What kind of joke is this? Get a life and do something meaningful.

[chohav]

Hahaha this is the CHARLATAN that is on all the ICO threads.He have a second account but I will not say the nickname...

I've been involved in mining bitcoins and altcoins since 2013 but no, I've never made an account here before.
I just wanted to warn my fellows and friends.

To create value out of nothing is not a road to success or becoming rich.
And, I've already mentioned but I'm gonna do it again since some of you people obviously can't read, USD/EUR is just as much of a scam as these cryptocoins is.
I call it "digital candy".

Why you've been involved in mining since bitcoin have no real value? Don't get it. You want to make money from crypto currencies but you don't like them and don't support them. Then you use your newbie account to post in the crypto forum that they are worth nothing. WTF?  

BTW, which economic university have you graduated?

[shirackjs]

What is the purpose of this post in Bitcoin talk forum?

I disagree with your claim. Just this few days, i read about so many positive news about Bitcoin and a few alternate coins.

And the recent ICO has been so successful, this show the confidence level of investors.

Well, if you would like to stay away from the coins, by all means.

[angrybirdy]

What kind of joke is this? Get a life and do something meaningful.

Like your post, just for signature campaign post count. Post something meaningful too.

What is the purpose of this post in Bitcoin talk forum?

I disagree with your claim. Just this few days, i read about so many positive news about Bitcoin and a few alternate coins.

And the recent ICO has been so successful, this show the confidence level of investors.

Well, if you would like to stay away from the coins, by all means.

Probably, OP is looking in the long term, maybe 10 years from now. Although I believe that because of technology, crypto-currency will last forever.

[biggan]

bump

[FractalUniverse]

bump
bump
bump

pump
dump
dumb

you should try to to get a job on Wall Street or in the City, they must be surely hungry for someone with your qualifications  in economic sciences, eagerly waiting for your analyses.

[Woogy]

bump

Get out!

[muraqaba]

Hahaha this is the CHARLATAN that is on all the ICO threads.He have a second account but I will not say the nickname...

I've been involved in mining bitcoins and altcoins since 2013 but no, I've never made an account here before.
I just wanted to warn my fellows and friends.

To create value out of nothing is not a road to success or becoming rich.
And, I've already mentioned but I'm gonna do it again since some of you people obviously can't read, USD/EUR is just as much of a scam as these cryptocoins is.
I call it "digital candy".

what creates the value of gold or silver? they are hard to mine, bitcoin is the same way.

if you believe this then what is the purpose of this thread?

[gjhiggins]

Today there are over 750 cryptocoins in existence.

750 4000

Yep, ticks all the boxes to be an economist: no idea of the actual state of play, no insights to bring but nevertheless unable to resist pointlessly churning out patronising kneejerk ideology. 100% economist and troll of the year, yes indeed. +10.

Cheers

Graham
 

[biggan]

Well.

Can't say I didn't -at least- warn you. Even tho most of you are very stubborn and don't seem to grasp the concept...
I suggest you google "tulip mania".


Seriously guys.
Anyone can create a cryptocoin, there are over 4000? 700? whatever - its legitimacy is 0 and therefor its value is 0.
Cant be more clear than that.

[GRR]

Well.

Can't say I didn't -at least- warn you. Even tho most of you are very stubborn and don't seem to grasp the concept...
I suggest you google "tulip mania".


Seriously guys.
Anyone can create a cryptocoin, there are over 4000? 700? whatever - its legitimacy is 0 and therefor its value is 0.
Cant be more clear than that.

You're just dumb and trying to spread FUD with flawed logic.

[biggan]

Well.

Can't say I didn't -at least- warn you. Even tho most of you are very stubborn and don't seem to grasp the concept...
I suggest you google "tulip mania".


Seriously guys.
Anyone can create a cryptocoin, there are over 4000? 700? whatever - its legitimacy is 0 and therefor its value is 0.
Cant be more clear than that.

You're just dumb and trying to spread FUD with flawed logic.

Dude.
Google tulip mania and return, please do, I dare you.

What is the value of AIR, SAND, or WATER?
It has a value but it's very very low, because its easily available.
Same with cryptocoins, they are to easy to create to hold a value...

[FractalUniverse]

Yaaaawn.
nothing new in here.

[nakata90]

Well.

Can't say I didn't -at least- warn you. Even tho most of you are very stubborn and don't seem to grasp the concept...
I suggest you google "tulip mania".


Seriously guys.
Anyone can create a cryptocoin, there are over 4000? 700? whatever - its legitimacy is 0 and therefor its value is 0.
Cant be more clear than that.

You're just dumb and trying to spread FUD with flawed logic.

Dude.
Google tulip mania and return, please do, I dare you.

What is the value of AIR, SAND, or WATER?
It has a value but it's very very low, because its easily available.
Same with cryptocoins, they are to easy to create to hold a value...

Haha, I have an example very funny for describe the current situation:

I have some worker
I have technology blockchain
A ... create more crypto coins

[biggan]

Haha, I have an example very funny for describe the current situation:

I have some worker
I have technology blockchain
A ... create more crypto coins

exactly. This is the problem.

[Kema]

So, let's look at the options shall we?
Fiat currencies are controlled by the elit and the only thing visible in todays society is a huge wealth transfer from the 99% to the 1%.
Precious metals hold a great upside but the elite is doing everything in their power to suppress the price. It might take a while before an investment pays off...
I don't know much about stocks and bonds but I don't trust that market further than I can throw it.

Btw Tulip mania is something I would claim applies to the US dollar atm.