Quickly rich with bitcoin?

Discussion in 'Crypto Assets' started by virtusa, Dec 30, 2021.

  1. virtusa

    virtusa

    "Then don't let anyone get your password, is that really too hard for you?"
    https://cryptomaa.com/lost-and-unclaimed-bitcoin-with-address-list/
    Apparently bitcoin owners are that stupid. But for me no surprise.

    Chainalysis, a cryptocurrency, and blockchain analytics firm, originally declared in an interview that unfortunately, 3.79 million BTC are already mislaying on the Bitcoin blockchain. The number was issued in November 2017. Concurrent, Kim Grauer, chief economist at Chainalysis, stated that it is troublesome to decisively articulate that the lost Bitcoin is drawn into scrutiny by the market due to the profoundly theoretical kind of the cryptocurrency zone. Kim expounded that in the indelible, firm supply of BTC maximizes then it is feasible that an upsurge in stipulation can raise the cost of BTC. Up to 25% of all coins might be lost.
    In fiat currencies there is surely no loss of 25%.

    "No, fiat is also digital, but slower since it takes a few days to verify with a bank."
    Complete nonsense. Are you living in a forrest in Africa? I transfer fiat money instantly, so in 1 second. The US is still in a prehistorical stage as they still work with checks. That doesn't even exist anymore for decades where I live. All over Europe you pay with a card instantly and even in different currencies.

    "There's criminal money in fiat, criminals get away with paper money. Again you are fooling no one but yourself with that comment."
    You are fooling yourself. Hackers always ask ransome in BTC, why not anymore in fiat currencies?
    https://www.zerofox.com/blog/ransom...cryptocurrencies-play-in-the-cybercrime-game/



    PS: In the last 7 weeks your BTC lost 36% of his value (at least if you did not forget your password or your wallet was not hacked, in which cases the loss is 100%). The inflation of fiat currencies is much lower. On top of that the long term return for BTC dropped 63% since 2011 and is still going down showing the weakness of BTC. The golden years for BTC were the first few years. Hoping for a huge rise is just like what you hope in a casino.
    The recent drop wiped out almost completelly the profits of entire 2021. Speaking about casino's... LOL.
     
    Last edited: Jan 7, 2022
    #31     Jan 7, 2022
  2. You're the one asking about it like you don't know.

    How is that anyones problem that stored their password properly? If anything those lost Bitcoin will never be able to sell and bring down the market. Again, trying to make a big deal out of something that is avoidable with common sense.

    You're talking about credit cards now? They are instant in america too. But we are not talking about credit cards, we are talking about transferring money. You just brought up credit cards to make it seem like you have a point. Which you don't


    Really? You see a 36% drop and think the bulls are done? It's no wonder why you're so salty. You don't know how to trade.
     
    #32     Jan 9, 2022
    Tokenz likes this.