Donate Bitcoin

Disclaimer

ALL CONTENT ON 'THE BITCOIN CHANNEL' AS WELL AS THE 'BITCOINCHANNEL' YOUTUBE CHANNEL IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. 'THE BITCOIN CHANNEL' ASSUMES ALL INFORMATION TO BE TRUTHFUL AND RELIABLE; HOWEVER, THE CONTENT ON THIS SITE IS PROVIDED WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO CRYPTOCURRENCIES, STOCKS, COMMODITIES, OPTIONS, BONDS, FUTURES, OR BULLION. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY.

Donate Via Paypal

Donate BTC

1HnZuhqhRQydeidYwqgZaXYB1Vs2R2cBb5

Donate LTC

LdSTzyS9hD8XKX7waBN5nYyTx6s4aEQV1g

Donate NMC

Myq3GXPz6p9wiA1oT9eZyoT2uo1nLu6rx5

Donate PPC

PL44tyztocGuG8zdYUEvFWBgWBFWQzNoTi

Donate TRC

115NbxVP9SdPnZHG67VMpf8W7MjYjVUvd9

Donate DVC

1Syr3Eib3Zsczrn4ZETmUGcVmcTH82nbh

Donate NVC

4T399NvaGLG1eNLLe2EoULCeBGLYbVF8UJ

Donate IXC

xaNDewBEvsnxcyX288nYeiPUSERVNaUXwC

Donate FRC

1K7avKfQt6mEMbBH7wpt49jqLUbJCoTCQc

Donate DGC

DD87KLEcd437eB9Yx9MrcACt8GTugNYcoq

Bitcoin Price Crash Towards Zero? The Ponzi Scheme Bubble Plays Out as Designed

marketoracle.co.uk / By Nadeem Walayat / Dec 07, 2013 – 02:27 PM GMT

The Bitcoin price last traded at USD 790 (this morning) which represents a 37% price crash against its trading high of 1242, vaporising the wild dreams of just a few days ago where some reported that the virtual money could be destined to go as high as 1 million! Whilst never realising the difference between what is virtual and what is real, instead in large part bitcoin pumper’s remain in denial as many have been seduced by the golden coin image to imagine that bitcoins and gold are the same or similar when the reality is the exact opposite. Bitcoins is fairy dust, it is perceived as being very valuable but a small gust of reality is enough to make it disappear.

Bitcoins is DESIGNED to play out as a ponzi scheme bubble to enrich those that created it as they mined over a million bitcoins (current 12.1mln bitcoins) relatively easily (initially low processing power required), with future supply increasingly limited as much greater processing power is required to mine more blocks which coupled with the media frenzy has helped push up the price which the designers and early adopters can offload into and onto unsuspecting fools. This is a ponzi scheme where only the designers and initial miners win hugely, that I suspect will lead to criminal prosecutions.

READ MORE

  • Mr Bitcoin

    so many people with a lack of understanding and education in bitcoin….clearly this person misses the whole point.

  • Jorj_X_McKie

    Carlo Ponzi would be gratified that to this day so few actually understand the nature of his scam. If you think Bitcoin is a Ponzi, watch this and then maybe reconsider: http://www.youtube.com/watch?v=7u4F8cpzqao