BC Crypto Exchange Crapped its pants

[sumdumguy]

Leaving, “ investors” owed $16 million. Surprise-Surprise!

[15444]

Fantastic. Love it when a fraudster cheats a tax cheat/crypto nut. Hope he retired to a non-extradition country.

[Guest]

excellent

[furrowtickler]

Hopefully the climate emergency follows this same b/s

[Guest]

Leaving, “ investors” owed $16 million. Surprise-Surprise!

i bought some shares in a unicorn feedlot , same thing happened?

[farmaholic]

There could have been a time when there was a positive return....but was there enough liquidity to cash out?

[biglentil]

There could have been a time when there was a positive return....but was there enough liquidity to cash out?

Oh oh its been said when the shoe shiner offers stock tips its a good time to sell. Does that mean when the agrivillers are celebrating the death of a single crypto exchange its time to buy? Bitcoin aint dead yet its very liquid with a market cap of $170 billion usd with $30b traded in the past 24h.

[farmaholic]

I have an opening to shine your work boots next week. You're on your own until then

[sumdumguy]

Sort of like Malaysian investment that pays 14% interest? MONTHLY!

[biglentil]

Sort of like Malaysian investment that pays 14% interest? MONTHLY!

Investing in a sketchy crypto exchange is likely a bad idea, however the concept of cryptocurrency is intriguing. Its important to keep an open mind in todays digital world. Though im skeptical as going so far to say the current basket of cryptocurrency has intrinsic value it does offer transactional value. Think of it as internet cash where no 3rd party institution is required to make a transaction. Its peer-peer money without borders, no limits when you walk through an airport, withdrawl or make a transaction. For example Venezuela, one of the richest oil bearing regions on earth, was shut off from trading with the world because they would not bow down. All it takes is to be shut off from SWIFT wire transfer system and the local currency collapsed overnight. Crypto mining and trading is keeping that nation from literrally starving.

Richardsons Pioneer recently did a grain trade in cryptocurrency as they saw it as way to make a deal with a high credit risk party. Cryptos are not going anywhere infact what we are seeing is a rise in what are known as 'stable coins'. Stable coins are backed by a physical commodity to provide intrinsic value which inturn creates price stability. China is said to be working on a 'secret' gold backed cryptocurrency to unsurp the USD dominance in world trade. There is more going on with the China trade war than meets the eye. If you are for free trade nothing accomodates free trade like crypto. Its still early days.