Jump to content

Recommended Posts

It's a technology obfuscated pyramid scheme. Crypto, generally not only Bitcoin.


Buying it to sell it on for more is what it's all about. Until the base of the pyramid gets too big and can't find someone to sell to. With social media and the covid stimlus the pyramid has had a huge and well funded base.


What else is the point of it?

Link to comment
https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1514267
Share on other sites

mrwb Wrote:

-------------------------------------------------------

> It's a technology obfuscated pyramid scheme.

> Crypto, generally not only Bitcoin.

>

> Buying it to sell it on for more is what it's all

> about. Until the base of the pyramid gets too big

> and can't find someone to sell to. With social

> media and the covid stimlus the pyramid has had a

> huge and well funded base.

>

> What else is the point of it?



What about Boris?s ?inverted pyramid of piffle?? he goes on about, where does that come into the equation?

Link to comment
https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1514305
Share on other sites

  • 8 months later...

SpringTime Wrote:

-------------------------------------------------------

> Can anyone explain the mining element behind

> crypto to me please? Also, are crypto currencies

> in essence really just like ponzi schemes, or have

> I got that wrong? Thanks



You can Google mining - it?s all explained.

Link to comment
https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1563629
Share on other sites

As with any investment...whether that's property, equities, horse racing or crypto....if you don't really understand how it works....then you probably shouldn't be putting money into it.


Even 'experts' in each of those fields are doing well if they are right more than 50 percent of the time.....

Link to comment
https://www.eastdulwichforum.co.uk/topic/285588-bitcoin/#findComment-1563701
Share on other sites

  • Joe locked this topic
Guest
This topic is now closed to further replies.
  • Latest Discussions

    • Dear families,   My name is Eleanor. I’ve worked in NHS Child and Adolescent Mental Health Services for the past eight years, and I’m about to begin an Infant Observation course in preparation for psychotherapy training. I’m looking for a baby to observe as part of this training.   The observation involves me visiting a baby and their parent for one hour a week over two years, with the aim of deepening my understanding of early emotional and developmental processes. Taking part is a generous contribution to the training of future child psychotherapists — ultimately supporting the mental health of children and families.   Both of my own children were observed as babies, which I found to be a really positive experience. Having an observer gently witness my babies’ development helped me notice their weekly changes in a new way, and I came to appreciate the calm, consistent presence of a trained observer. I was sad when the observations ended!   If you — or someone you know — is expecting a baby due before the end of February*, I would love to hear from you. You can contact me at +44 7977 910018 or [email protected].   Best wishes, Eleanor
    • I rarely iron, so my massive ironing board is just taking up unnecessary space. Does anyone have one of those little ones that you can use on an ordinary table?
    • It's happened twice today, I've never had this happen before! Here's the second one. All I did was try to agree with a post in the lounge!
    • Now I'm having my hand slapped by some forum bot 😮 All I did was try to add a laughing emoji to ianr's post. This is obviously a message from the universe to tell me to get off my phone and get back to working my way through my very lengthy to do list 🤣 ETA: And it's just happened again when I tried to agree with a post in the lounge. OK universe, I give in. Back to the hideous task list.
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...