I keep reading about the failure of BTC.
If bitcoin is the epic failure that the MSM (mainstream media) claim it is, then why is this supposed failure worth thousands of fiat bits of paper (money) each? At this very moment in time, on worldcoinindex, BTC is $3,416 each, or £2,697. Now if that is a failure, I long to be said failure.
To consider BTC a failure, is highly amusing. Sure it is slow, and could be faster. Though if you think about it, every attempt to manipulate BTC down to zero has ended in failure. It would be interesting to know how much Fiat currency has gone in to the attempt to devalue BTC.
With xmas hurtling towards us, and the inevitable yearly round ups on TV with regards to world events - the yearly sports personality of the year etc etc, I thought we could have a yearly bitcoin review.
Bitcoin losers!
We all know that scams come from all sorts of places, including situations where you thought you were safe, such as investing money in a “legitimate” business.
The Bangkok Post reports that Aarni Otava Saarima, a 22 year old Bitcoin billionaire, lost 5,564.4 coins while investing in what he believed to be legitimate casinos and companies. At the time, the amount of coins was equal to $24 billion dollars. Source
Ouch, that hurts.
This next one is from xmas time last year, unlucky James!.
James Howells, an IT worker living in the United Kingdom, knows exactly where his misplaced 7,500 bitcoins are but the city council where he lives won't let him retrieve them. They say it's against the law.
According to a report published in The Telegraph, Howells began mining bitcoin on his personal laptop in 2009. In 2013, though, "after I had stopped mining, the laptop I had used was broken into parts and sold on eBay," Howells tells The Telegraph.
He kept the drive he used to collect the bitcoins, "so if bitcoin did become valuable one day, I would still have the coins I mined."
But, while cleaning his home in 2013, he mistakenly put it into a waste bin at his local landfill site in Newport, South Wales, where it got buried. Source.
Viva le France.
France, one of the leading countries in the world, is back in the limelight in the cryptoverse. The country, which is yet to establish its stance on cryptocurrency regulations, has reported that its citizens have fallen prey to a Bitcoin [BTC] scam, according to a local news portal.
It has come to light that a minimum of 700 French citizens were lured into the Bitcoin scam, resulting in a loss of around €31 million [around $35 million]. According to Autorité des marchés Financiers [AMF], the stock market regulators of France, people are being lured into the scam since the beginning of this year, when Bitcoin and other cryptocurrencies were on the high road of the market. Source
No bias here, lets do bitcoin winners.
I have just spent 10 minutes surfing the interweb for a good news story with regards to bitcoin, and come up with this ....................................................................................
And this is not only a small part of the bitcoin problem, it is the biggest problem of them all. The presstitutes only want to tell us the doom and gloom stories about BTC, and most if not all cryptos. I note XRP verge is always in the news, with feel good stories, with articles saying it is now being used by this bank, or by Western Union etc etc, yet it wallows in the sand pit all the same. Institutionalized is a term I use when talking about ripple. It is the golden child of the MSM, though even with all the feel good stories, nobody wants it. Try it, use your preferred browser, and search for ripple news, and the articles full of praise will spew forth in no time. Do not believe me? https://duckduckgo.com/?q=xrp+ripple+good+news&t=canonical&atb=v1-1&ia=news.
Your thoughts below please. Wishing you a perfectly pleasant day ahead.
Image pixabay.