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Title : A Comment On Catch Together With Dump Together With Bitcoin
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A Comment On Catch Together With Dump Together With Bitcoin

By Robert Wenzel

At the post, The Wolf of Wall Street: Bitcoin is Going to Evaporate, a commenter writes:

Bitcoin is currently the most mutual currency for purchasing in addition to selling most of the other cryptos. There are many exchanges where dollars are non used at all, y'all must
bring bitcoin or some other crypto, though everything tin live on traded amongst bitcoin. Perhaps some other cryptocurrency volition accept bitcoin's house inwards this regard, but who knows?

The charts shows lower highs in addition to lower lows since February, but bitcoin does non appear to live on headed to nix similar a inwardness in addition to dump stock. Bitcoin could lose 30%/year for 25 years earlier going nether $1. Yes, those who plunged volition live on wiped out, but it wouldn't "evaporate".

The fact of the affair is that Bitcoin is belike inwards worse shape than your average inwardness in addition to dump stock scam. Pump in addition to dump scam stocks oftentimes don't evaporate, they are reused. See: Street Fighting at Wall in addition to Broad: An Insider's Tale of Stock Manipulation.

There could live on a lingering aroma of Bitcoin at nether a $1.00 but no 1 is going to become nigh such odor. It would live on an evaporation amongst a lingering odor.

And I am trying to understand the utility of this activity:

Bitcoin is currently the most mutual currency for purchasing in addition to selling most of the other cryptos. There are many exchanges where dollars are non used at all, y'all must select bitcoin or some other crypto, though everything tin live on traded amongst bitcoin. Perhaps some other cryptocurrency volition accept bitcoin's house inwards this regard, but who knows?

I would bet that Wolf has inwards heed to a greater extent than than but Bitcoin in addition to his analysis includes all these nutty electrical current solar daytime cryptocurrencies. Which leads to the question: Why are people trading all these cryptocurrencies dorsum in addition to forth?

It reminds me of the fourth dimension my blood brother inwards 1971 traded a stack of belike but about a hundred assorted baseball game cards for 1 Billy Conigliaro card.

Robert Wenzel is Editor & Publisher of

and Target Liberty. 

More most Wenzel here. 

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