Remember Cryoptocurrency

[sumdumguy]

Today Quadriga, the biggest BC crypto exchange applies for bankruptcy protection. Oh gee, seems the fearless leader has “died” in India, but unfortunately took the passwords with him to Cryptoheaven. Cryptocurrencies and undeveloped gold mines seem to repeat the same pattern. Remember the guy “jumping” out of the plane, something to do with Bre-ex?

[farmaholic]

I guess if you were able to exchange those bitcoins, after the run up, for something tangible there wouldn't have been anything wrong with that.

Just like poker, you gotta know when to hold em and fold em...I guess.

[farming101]

Cryptocurrency is not money. Bitcoin below cost of production most places now

[farmaholic]

"Bitcoin is a digital payment currency that utilizes cryptocurrency (a digital medium of exchange) and peer-to-peer (P2P) technology to create and manage monetary transactions as opposed to a central authority. The open source Bitcoin P2P network creates the bitcoins and manages all the bitcoin transactions."

I thought it was a cryptocurrency.

So Bitcoin is money and uses cryptocurrency platforms for exchange.

With e-transfers why is any of this necessary?

[foragefarmer]

All I remember about Bitcoin was SK3 crying he missed the boat on investing in this Ponzi scheme as one of his relatives got in on it when Bitcoin ran up to $20,000.00 last year.

A fool and his money are soon parted!

[blackpowder]

Knowing when to fold em second most valuable lesson.

[sumdumguy]

Yep, a smart guy would look at history and these schemes, dump and run for the hills. There’s so many scams. Like Bre-X after I mentioned it earlier, I googled Bre-X and the article pointed out that even though investors lost millions, the Canadian regulators did nothing to remedy the Canadian potential to scam. Guzman and a couple of other “geologists” bought gold from local panners and mixed the gold into their samples, ran their stock up and jumped ship, leaving investors shaking their heads. The potential to scam continues in Kanuckistan - now bitcoin too.

[FertaCloud]

Yep, a smart guy would look at history and these schemes, dump and run for the hills. There’s so many scams. Like Bre-X after I mentioned it earlier, I googled Bre-X and the article pointed out that even though investors lost millions, the Canadian regulators did nothing to remedy the Canadian potential to scam. Guzman and a couple of other “geologists” bought gold from local panners and mixed the gold into their samples, ran their stock up and jumped ship, leaving investors shaking their heads. The potential to scam continues in Kanuckistan - now bitcoin too.

Not the same but a lot of money to be lost in POT stocks over the next 24 months i think also

https://ca.finance.yahoo.com/news/canada-many-pot-companies-expect-short-attacks-canaccord-analyst-222854018.html

[iceman]

I don’t understand how it works with these digital currencies and the ledger but transactions have shown up after his “death” from this cold wallets. According to the inner web.

Iceman

[biglentil]

Not the same but a lot of money to be lost in POT stocks over the next 24 months i think also

https://ca.finance.yahoo.com/news/canada-many-pot-companies-expect-short-attacks-canaccord-analyst-222854018.html

I think you might be right, however everytime a new jurisdictions legalizes it breathes new life into the sector.