Cryptocurrency Lender BitConnect Shuts Down, Users Fear Total Loss - Breitbart

MadPreacher1AD · 2018-01-18T10:02:29+00:00

[deleted]

CeleritySteam · 2018-01-18T11:36:49+00:00

Also LOL at using gold as currency. It's what now, 1,250 an ounce? Even if everywhere accepted it it's even more impractical of a currency than BTC!

Let me just pay this 0.1 gram of gold dust for my food...

DWShimoda · 2018-01-18T13:47:36+00:00

Don't worry, over at /r/bitcoin everyone is certain that...

This (too) is Good for bitcoin!

MadPreacher1AD · 2018-01-18T09:26:44+00:00

HAHAHAHAHAHAHAHA

BTC is going to collapse shortly and I'll be happy about it.

BitConnect blamed the shut down on “continuous bad press” and “cease and desist” letters that they received from the Texas State Securities Board and the North Carolina Secretary of State Securities Division. Many analysts have called BitConnect a Ponzi scheme because of its multi-level referral system, which rewarded active users each time they recruited a new user.

CeleritySteam · 2018-01-18T11:35:08+00:00

So let's review. You got some token things, which are basically fiat based on crypto. And you have them coming from one source, aka centralized.

Some retards bought the centralized thing that shouldn't be centralized and the fiat thing that shouldn't be fiat. It failed. They completely lost their shit and started crying and talking of suicide. These are dumbfucks, these are newfags. Let me make that very clear. If you lack even the most basic understanding of what something even IS and spend 5 figures or more on it, you are a dumbfuck.

Now, if you're some perpetually triggered and butthurt normie, who lacks understanding of all subjects including cryptocurrency and has the same external control locus as SJWs, aka it's easier claiming that some God did x than understanding how x actually works and further, you dismiss crypto as being intangible and based on nothing while focusing your life on things that are intangible and aren't even connected with tangible assets... you're a dumbfuck.

If you're sitting there gloating and hamstering that people more successful than yourself (despite anyone having bought such a token being a dumbfuck) have failed because you are invoking Crab Bucket Syndrome... You're an even bigger dumbfuck.

And if your entire post history is basically a mix of autistic screeching about God and autistic screeching against anything you don't understand (anything, including your God but especially crypto)... You are a massive dumbfuck.

So please, continue your pathetic hamstering and dragging other people down instead of raising yourself out of your self professed state of self harm that you are in. I'm sure women, such as yourself will be well welcomed here.

PS: Never even heard of this token shit until it failed. It didn't cost me a damn thing, so I give no fucks.

Now that I've thoroughly hard countered OPs cataclysmic ignorance, here is what is really happening with crypto right now:

China and South Korea governments threaten regulation (read: ruination, because they can't spend anyone's money efficiently) This is also a threat of centralization, a violation of everything crypto is about. This being one of the very few things that can harm crypto, large asian markets sell off. Supply and demand. Suddenly there's a lot of coins being sold, so price drops.

Then some random making tokens gets shut down. The tokens being fiat based off crypto, and centralized.

Now let's walk it back and look at that #FakeNews media agenda. It went something like this:

Mass promote crypto, aka introduce new volatility. Mass spam and dramatize price drops, provoking more panic sells and snowballing. Mass spam anything that makes crypto look bad, like this one opportunist selling tokens.

What all this is aimed at doing is ensuring that the federal reserve, who prints infinite money based on fuck and all by typing numbers on a computer screen does not have competition. It's as simple as that. Crypto prices raised because everyone HODL... so less supply on the market. Panic snowball sells do the opposite. So instead of your money being potentially yours and based on something, it's not yours and based on nothing.

That and crypto proves the failure of SJWs and females as completely fair and open markets are still overwhelmingly male and they hate that. There's simply no place for a diversity hire if there are no hires.

The_Law_of_the_Land · 2018-01-18T21:34:22+00:00

Gold cannot be expanded or contracted (except when mined) and so it is not a fiat per se. It also does not obtain all of it's value from intrinsic worth either. Also, I don't think the fiat currency is the culprit in and of itself but rather the system of reserve lending via fiat currency employed by the (((money changers))) at all level of banking.

Also there is no inherent interest attached to gold.

Think about this...

Treasury issues bond
Banks buy bond in auction
Federal reserve buys bond from banks with reserve notes (which it charges interest on.)

This is how money is created in this system.

Money is created out of thin fucking air and these fuckers at the banks get the first dibs on it for doing absolutely nothing!

alleskaput · 2018-01-18T09:36:37+00:00

cryptocommunity warned everybody about this ponzi scheme

Cryptocurrency Lender BitConnect Shuts Down, Users Fear Total Loss - Breitbart

Comments

This (too) is Good for bitcoin!

No shipdit ... taxes are due ON bitcoin trades (just like "penny stocks" and other nonsense), but yet cannot be paid IN bitcoin.

Title	Cryptocurrency Lender BitConnect Shuts Down, Users Fear Total Loss - Breitbart
Author	MadPreacher1AD
Upvotes	5
Comments	45
Date	January 18, 2018 9:26 AM UTC (8 years ago)
Subreddit	Posted in /r/MGTOW
Original Link	https://old.reddit.com/r/MGTOW/comments/7r8kjv/cryptocurrency_lender_bitconnect_shuts_down_users/
Archive Link	https://theredarchive.com/r/MGTOW/cryptocurrency-lender-bitconnect-shuts-down-users.605517 https://theredarchive.com/post/605517