Crypto and Bitcoin - ACDC - On the Highway to HellCrypto and Bitcoin - ACDC - On the Highway to Hell
A ll C rypto is D eclining C urrency (ACDC)
No stop signs, speed limits
Nobody's gonna slow me down
Like a wheel
Gonna spin it
Nobody's gonna mess me around
Hey satan
Payin' my dues
Cryptocurrencies have been gaining in popularity in recent years, but there are a number of reasons why they are a bad idea.
First, cryptocurrencies are incredibly volatile, and their value can fluctuate wildly. This makes them a poor investment for anyone who is looking to grow their wealth over time.
Second, cryptocurrencies are not backed by any government or central bank, and there is no guarantee that they will retain their value. In fact, many experts believe that the value of cryptocurrencies is largely based on speculation and a cult-like belief. They could collapse completely at any time.
Finally, cryptocurrencies are often used by criminals to launder money or finance illegal activities, due to their anonymity. For all of these reasons, it is clear that cryptocurrencies are a risky investment and not a good idea for most people.
Cryptocurrency scams are on the rise, and investors need to be careful. While there are few legitimate uses for cryptocurrency, scammers are increasingly using it to take advantage of unsuspecting investors. One popular scam is called a "pump and dump." In this scheme, the scammer promotes a new cryptocurrency to get people to invest in it, then "dumps" it by selling all of their coins at once, causing the price to plummet. This leaves investors with worthless coins and no way to get their money back.
Another common scam is known as "phishing." In this type of scam, the con artist impersonates a legitimate cryptocurrency exchange or wallet in order to steal login credentials or private keys.
They may also send fake emails or create false websites that look identical to the real thing. Once they have access to an investor's account, they can transfer the funds out without being detected. Investors need to be very careful when dealing with cryptocurrency exchanges and wallets, and only use reputable ones that have been thoroughly vetted. Scammers are becoming more sophisticated, so it's important to stay informed and always take precautions.
The biggest scam of the 21st century is in play.
A currency based on nothing. Stocks are based on the applied human capital adding value every day, which adds value to the stock market and increases the quality of life for humans, nations, and the world.
There is no added value to crypto, just a bunch of scammers, pretending to be better than fiat currency while polluting the planet and sucking the energy out of grids.
Bitcoin will go to $12K on its way to ultimate disaster.
I await the crypto fan boys' outrage. Please be polite in the comments below.
