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Thread: Crypto Currency 2018 Blow Up Mess

  1. #11
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    Well crypto currencies are now experiencing massive theft, outright fraud and misrepresentation. Bare in mind a countries currencies are backed by assets, infrastructure of massive proportions, military, educational structures soft and hard, land(industrial, farm, mining), power plants/distribution and to many assets to list. Crypto currencies are just selling you a number in an accounting system.

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    Last edited by Arthur Hanson; 3 Weeks Ago at 05:53 AM.
     

  2. #12
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    Bitcoin down another 17% so far today, 2/1/18 12:25, so far a good call.

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  3. #13
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    We were debating in the pub last night about how bitcoin can have very different values in different exchanges, why there doesn't seem to be arbitrage (buying in the exchange where it's cheapest, and immediately selling in the one where it's most expensive). We didn't come up with any very good answers, except maybe that the exchanges must be very illiquid.

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  4. #14
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    John, it's an illiquid high friction market that's slow and sometimes a crawl with little predictability, that makes for an unstable market where you can't count on transactions going through. So far my call has been right on, I just feel for the people that have been severely hurt on this hyped up junk type security. In the future we may have stable crypto currencies, but not now.

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