Bitcoin storms past $11,000 Signals a lost in confidence in traditional investments
- Thread starter Angstrom
- Start date
I think that this cryptocurrency is all a setup ....
The higher the price, the more historic or spectacular the fall. A collapse of BitCoin will discourage any further investments into Crypto money in the future and which is exactly what financial institutions desire.
I purchased a thousand CloudCoins about 3 months ago for 100 bucks (3 cents each) and today they are valued at 9 cents.
My nephew purchased 500 bucks of EthereumCoins in June and if he cashed out today he would get 11 hundred bucks.
The problem with BitCoin is that the blockchain data is stored on thousands of computers and takes forever to transact.
CloudCoin works with images and transactions take a nano second to complete
The higher the price, the more historic or spectacular the fall. A collapse of BitCoin will discourage any further investments into Crypto money in the future and which is exactly what financial institutions desire.
I purchased a thousand CloudCoins about 3 months ago for 100 bucks (3 cents each) and today they are valued at 9 cents.
My nephew purchased 500 bucks of EthereumCoins in June and if he cashed out today he would get 11 hundred bucks.
The problem with BitCoin is that the blockchain data is stored on thousands of computers and takes forever to transact.
CloudCoin works with images and transactions take a nano second to complete
Is the cloudcoin the same where everyone can join in the transaction computation ?
Too bad you can't short bitcoin
Bitcoin's only underlying value is the intrinsic value of the currency that was used to buy it
Angstrom Asked:
"Is the cloudcoin the same where everyone can join in the transaction computation ?"
I am not sure of the question you asked or what you mean. Sorry.
"Is the cloudcoin the same where everyone can join in the transaction computation ?"
I am not sure of the question you asked or what you mean. Sorry.
Bitcoin is a horrible waste of energy. All it does is give drug dealers a way to trade currency..
Bitcoin mining wastes more electricity than most European nations. It's a horrible waste.. and a scam.
https://motherboard.vice.com/en_us/...ty-consumption-ethereum-energy-climate-change
https://www.rt.com/business/411777-bitcoin-mining-electricity-states-power/
Bitcoin mining wastes more electricity than most European nations. It's a horrible waste.. and a scam.
https://motherboard.vice.com/en_us/...ty-consumption-ethereum-energy-climate-change
https://www.rt.com/business/411777-bitcoin-mining-electricity-states-power/
Everyone is allowed to set up a blockchain and participate in bitcoin’s computation and earn from it. Is it the same with cloudcoin
One bitcoin = 16500.01 US Dollar today
Hi! Angstrom
That is the whole problem with Bitcoin. Bits or parts of the BlockChain is stored on so many computers that it takes hours and hours to complete a transaction.
For any CryptoCurrency to succeed, all transactions need to happen instantly.
Also, something very fishie about BitCoin .... 80% of the coins are owned by Japanese as a place to hold foreign currencies. Plus; there are only 2 main BitCoin exchanges. Very easy to manipulate pricing because one Coin is only worth what another is willing to pay for it. Thus; if one exchange asks the other to buy one coin for a 20% increase in price and the other exchange agrees, results in the inflation or gains of value. The next day, the roles could easily be reversed between the two exchanges, resulting in yet another increase in coin valuation.
That is the whole problem with Bitcoin. Bits or parts of the BlockChain is stored on so many computers that it takes hours and hours to complete a transaction.
For any CryptoCurrency to succeed, all transactions need to happen instantly.
Also, something very fishie about BitCoin .... 80% of the coins are owned by Japanese as a place to hold foreign currencies. Plus; there are only 2 main BitCoin exchanges. Very easy to manipulate pricing because one Coin is only worth what another is willing to pay for it. Thus; if one exchange asks the other to buy one coin for a 20% increase in price and the other exchange agrees, results in the inflation or gains of value. The next day, the roles could easily be reversed between the two exchanges, resulting in yet another increase in coin valuation.
Angstrom Said:
"So you can’t participate in cloudcoin then ok"
What do you mean by "Participate"?
"So you can’t participate in cloudcoin then ok"
What do you mean by "Participate"?
If I knew for sure that it was a scam, I'd propose that the government consider criminalizing that scam. Since I don't know for sure, I won't propose that but just say best of luck to those who do invest in it.
CRA is gonna cash in or it gets banned.
It it weren't a scam, it would have gone fractional.
Hi! Angstrom
Oh! Thanks for the clarification.
No. I don't think CloudCoin is into "Participation". I really don't investigate CloudCoin too much. I just spent/invested a hundred bucks, sort of like the price of going to a Bingo. I am really not in it for the long haul. I follow updates as to what is happening coporately, but not the inner workings. I expect an ICO within a few months. They just hired a public relations company and it took Cloud Coin as payment. Meaning that the PR firm is invested in CloudCoin's success.
In 3 months I tripled my money. Spent 100 and now worth 300. That is all I really care about.
I chose Cloud Coin because the transactions are instant.
Oh! Thanks for the clarification.
No. I don't think CloudCoin is into "Participation". I really don't investigate CloudCoin too much. I just spent/invested a hundred bucks, sort of like the price of going to a Bingo. I am really not in it for the long haul. I follow updates as to what is happening coporately, but not the inner workings. I expect an ICO within a few months. They just hired a public relations company and it took Cloud Coin as payment. Meaning that the PR firm is invested in CloudCoin's success.
In 3 months I tripled my money. Spent 100 and now worth 300. That is all I really care about.
I chose Cloud Coin because the transactions are instant.
Last edited: