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NetBizCity - Items filtered by date: December 2017
Wednesday, 10 January 2018 07:35

Crypto Leftist crybabies?

I find it amusing that there are those such as Jackson Palmer that are crying about how things are going on the crypto market.
It seems he feels his crypto dream was shattered when real world markets took his dream into a different direction.
Well Mr. Palmer if your dream was some far left idea which you entered into a capitalist system I for one can't see why your surprised or upset.
What did you think would happen after all you created a coin which you offered to the public which you say was as a joke.
A joke?
One does not put a coin on the market and expect it to not trade.
So here is this person telling us that due to his phony coin doing well this entire market is a bubble!

There is no bubble in the crypto market!
There are so few people invested in this market which is less than one 70th of the stock market value.
There are few people in it because it's not easy to get in!
Coinbase for instance limits credit card purchases to $700 and requires you to wait a long period of time for bank transfers.
Coinbase only takes orders for 4 cryptos!
Then if one wants to trade for let's say Ripple, Cardona or another coins they must sign up with yet another exchange!
Investing in stocks is ten thousand times easier.
With all the blockades in place making it difficult to invest many people just give up.

There is no bubble as the system itself prevents a bubble from taking place.
Yes there is a long line wrapped around the virtual block waiting for a chance to get in.
But the systems in place cannot handle the demand and have turns many away.

This is not to say there will not be a bubble. I expect the bubble will take place at some point in the future.
This will happen when it becomes easier to trade coins for cash.

The other tool used by these crybabies is they claim that the market is ripe with crime.
Grow up I say as there is no more crime here than that which takes place on the OTC stock exchange.
You can find get rich quick schemes in abundance on the OTC market.
I find it no surprise that the crypto markets are any different.

I for one am not interested in what Jackson Palmer has to say.
As for those that are looking for good investments in the crypto market I wish them good hunting.

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Sunday, 07 January 2018 06:51

Crypto Bad Players

My guess is that by the end of January 2018 the coin named Bitconnect will no longer be.

Hard core believers in this coin will have a rude awakening when hey shut it down but shut it down they will in my opinion.
This reminds me of Enron which also was a target by the Government.

The US state of texas issued a cease and desist notice just prior to the UK government deadline date to show proof by the 7th of Jan. that it's has a ligitimate income stream.
I expect that this coming week will bring down Bitconnect as it's quite clear that increased pressure from government officials will presure the UK to take action.

Hard core believers will be out in the cold as no matter what evidense is presented to them they still think bitconnect is bullet proof.

This event may scare others out of the Crypto markets as it is quite a sizable amount of money at 46 billion USD which is invested in this bad boy coin.
There have been many stock scams in the past which did leave a bad taste for many but things always moved on.

Are there other scam Crypto coins? Most likely yes there are as it's very easy to start up a new coin.
There are many companies on the OTC which have no product and never will have one.
But they exist as the FTC does not spend much time investigating the OTC.
Very liitle money there to interest them.
With Crypto coins there is no one regulating them.
Coin startups don't need much money as they can use the coin they issue to fund expenses.
All they need to get off the ground is to be listed in an exchange.

I for one check the website of a coin and if we see penny pinching at this level then this is a bad sign.
For instance if it's hosted in a University or low cost hosting company.
I have found one that was hosted in a university - seems they didn't have permission as it was shut down.
Was this coin started by university students which managed to get the website on the university servers?
Maybe it was a good try by some get rich quick scheme cooked up by students.
I would think twice to invest in a coin which has a site hosted by Godaddy as I would expect they would have their own server and not a shared hosting account.

Investing in Crypto coins is no different than investing it the stock market.
Your either going to invest long term or short term.
I prefer long term and try to find long good solid term gems.
Invest wisely and stay away from get rich schemes.

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