Your response is somewhat patronizing, but hey I can look past the underlining of some of your response. In fact I feel sorry for those that have TU'ed you without understanding what you’re attempting to do here.
I think you also answer yourself and also point to the very risk’s here that are somewhat alarming.. Literally thorough research is needed as you portray, why?, because as you also portray a guy in a studio apartment in Kieve could set such up...
At lease with most initial listings on the ASX or any stock exchange for that matter has a business prospectus is in place to bring about revenue, along with some sort of asset in place. Where is that with a majority of the crypto world?
Its not a state of confusion to understand there is no actual control and security in these tokens and crpytos, in fact you are twisting my words to encourage holders and maybe even yourself to believing your in a secure investment. Just because I believe it is here to stay doesn’t mean I think it will be 100% successful, maybe there will be a governing control at some point, strongly doubt it as the manipulation will be too hard to distribute. After all the “controls” that you portray via the various platforms are governed and policed by whom as a whole?. Online pokies are here to stay, does that make it right that those playing don’t understand their odd’s of winning or who the money is going to?
Its very much a serious gamble based on what form of assets and securities?
https://www.investing.com/crypto/currencies currently shows 2279 cryptocurrencies in play, isn’t that somewhat alarming??? And growing by the way...
So while you continue to patronize me using my “confused” state of mind, why don’t you do some research yourself to even be aware of the growing number of fake currencies..
I don’t need to walk away by the way, I challenge many coys, even those I hold... If I can help encourage those to look deeper before they invest their money then so be it...
I think your post represents the jekyll and hyde of the crypto world, in actual fact you have mentioned a few times that it is a gamble, trying to subtly relate such to ASX listings, but at least ASX listings usually start with the intention to bring revenue and assets in hope to bring about a sustained MC... What really sustains the crypto world other than trader’s exchanging numbers on a screen, so silly isn’t it really?
Some of the worlds smartest minds prey on the weak and gullible to obtain wealth.. your somewhat naive yourself to think you can determine who is crooked and who isn’t..
So while you continue to patronize me and encourage those holding this stock purely on the chance some tokens are going to be with mega bucks in time, ask yourself this question... what is stopping me from setting up Soothcoin, backed by some property I own, distributing x amount via a ICO and giving myself a billion or so coins to cash in when I have pumped it as hard as I can? So silly isn’t it..
In my opinion, it’s a colossal pump-and-dump scheme, the likes of which the world has never seen. In a pump-and-dump game, promoters “pump” up the price of a security creating a speculative frenzy, then “dump” some of their holdings at artificially high prices. And some cryptocurrencies are pure frauds. Ernst & Young estimates that 10 percent of the money raised for initial coin offerings has been stolen.
Here have a read of this:
Even where accepted, a currency whose value can swing 10 percent or more in a single day is useless as a means of payment.
Bitcoin is the greatest scam in history
