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Crypto Crash ? 13:20 - May 10 with 4217 views

Anyone suffering ?

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Crypto Crash ? on 21:03 - Jun 24 with 558 views

majorraglan

Crypto Crash ? on 07:00 - Jun 24 by felixstowe_jack
It is of course a giant Ponzi scheme . They have no intrinsic value or assets behind them. They are worth what people are prepared to pay for them.

That’s my take on it too, Emperors new clothes..! I could be very wrong though, wouldn5 be the first time.

Crypto Crash ? on 22:38 - Jun 24 with 514 views

Dr_Parnassus

Crypto Crash ? on 21:03 - Jun 24 by majorraglan
That’s my take on it too, Emperors new clothes..! I could be very wrong though, wouldn5 be the first time.

Cash doesn’t have any true value either mind.

They are an I.O.U note. Hence why on them it says “I promise to pay the bearer of this x amount” which is an amount in gold/silver etc which is the true currency.

But if everyone went to the bank and cashed in their money for gold tomorrow, the country would collapse as there isn’t enough actual commodity to cover the amount of I.O.U notes in circulation.

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