Results 1 to 15 of 15

Thread: Bank of England Governor says Bitcoin investors will LOSE EVERYTHING

  1. #1 | Top
    Join Date
    Dec 2015
    Posts
    28,634
    Thanks
    0
    Thanked 4,231 Times in 3,449 Posts
    Groans
    0
    Groaned 2,212 Times in 1,887 Posts

    Default Bank of England Governor says Bitcoin investors will LOSE EVERYTHING

    Absolutely right. Bitcoin is backed by nothing and will be printed to infinity. It's yet another scam from the bankers/newsmedia.. It is super-fiat and was NOT created by some anonymous jap. What a joke that story is.

    https://www.infowars.com/posts/bank-...l-their-money/

    may 8 2021 Digital currencies “have no intrinsic value,” according to Bank of England (BOE) Governor Andrew Bailey. He warned that people who invest in crypto should be prepared to lose all their money.

    A skeptic of crypto, Bailey was asked at a press conference about the rising value of cryptocurrencies. He said, as quoted by CNBC: “They have no intrinsic value. That doesn’t mean to say people don’t put value on them, because they can have extrinsic value. But they have no intrinsic value.”
    Reckless drivers are a bigger threat to you than all other criminals put together!

    THE BIG LIE - Blacks and whites are different physically but identical mentally!

    There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach Joe the Pedophile Vegetable (JPV)

  2. #2 | Top
    Join Date
    Apr 2020
    Location
    Olympia, Wa
    Posts
    71,442
    Thanks
    3,133
    Thanked 15,109 Times in 12,635 Posts
    Groans
    1
    Groaned 1,444 Times in 1,388 Posts
    Blog Entries
    1

    Default

    This looks like a criminal enterprise.

    The last days before the Great Crash.
    I choose my own words like the Americans of olden times........before this dystopia arrived.

    DARK AGES SUCK!

  3. #3 | Top
    Join Date
    Dec 2015
    Posts
    28,634
    Thanks
    0
    Thanked 4,231 Times in 3,449 Posts
    Groans
    0
    Groaned 2,212 Times in 1,887 Posts

    Default

    Of course scams can last a long time esp when the press supports them as is the case with bitcoin. But it will go to zero eventually.
    Reckless drivers are a bigger threat to you than all other criminals put together!

    THE BIG LIE - Blacks and whites are different physically but identical mentally!

    There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach Joe the Pedophile Vegetable (JPV)

  4. #4 | Top
    Join Date
    Dec 2015
    Posts
    28,634
    Thanks
    0
    Thanked 4,231 Times in 3,449 Posts
    Groans
    0
    Groaned 2,212 Times in 1,887 Posts

    Default

    Quote Originally Posted by Hawkeye10 View Post
    This looks like a criminal enterprise.

    The last days before the Great Crash.
    A crash is the only hope for america. Let it collapse and kick out the non-whites and start over. MAWA is the answer.
    Reckless drivers are a bigger threat to you than all other criminals put together!

    THE BIG LIE - Blacks and whites are different physically but identical mentally!

    There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach Joe the Pedophile Vegetable (JPV)

  5. #5 | Top
    Join Date
    Apr 2021
    Posts
    5,460
    Thanks
    1,909
    Thanked 1,917 Times in 1,477 Posts
    Groans
    0
    Groaned 77 Times in 75 Posts
    Blog Entries
    2

    Default

    Quote Originally Posted by Text Drivers are Killers View Post
    But it will go to zero eventually.
    "eventually" ... for those of us who have NEVER owned it ... it has NEVER had a value ABOVE zero.

  6. The Following 2 Users Say Thank You to Grumpy For This Post:

    anonymoose (05-13-2021), PostmodernProphet (05-08-2021)

  7. #6 | Top
    Join Date
    Apr 2020
    Location
    Olympia, Wa
    Posts
    71,442
    Thanks
    3,133
    Thanked 15,109 Times in 12,635 Posts
    Groans
    1
    Groaned 1,444 Times in 1,388 Posts
    Blog Entries
    1

    Default

    Quote Originally Posted by Text Drivers are Killers View Post
    A crash is the only hope for america. Let it collapse and kick out the non-whites and start over. MAWA is the answer.
    The Big Crash is only the beginning of The Big Pain that is coming.

    Yes Boys and Girls, actually, performance never stopped mattering.

    "Let's just fuck around!" was always a dumb idea.








    OOOOPS!
    I choose my own words like the Americans of olden times........before this dystopia arrived.

    DARK AGES SUCK!

  8. #7 | Top
    Join Date
    Apr 2009
    Posts
    108,120
    Thanks
    60,501
    Thanked 35,051 Times in 26,519 Posts
    Groans
    47,393
    Groaned 4,742 Times in 4,521 Posts
    Blog Entries
    61

    Default

    Investing in Bitcoin is like having sex without a condom

    Everyone's pushing you to do it and it feels good once it's rising, but not withdrawing in time can be costly.

  9. The Following User Says Thank You to cancel2 2022 For This Post:

    War=Peace (05-09-2021)

  10. #8 | Top
    Join Date
    Nov 2020
    Posts
    3,384
    Thanks
    1,749
    Thanked 960 Times in 789 Posts
    Groans
    1
    Groaned 45 Times in 42 Posts

    Default

    Quote Originally Posted by Text Drivers are Killers View Post
    Absolutely right. Bitcoin is backed by nothing and will be printed to infinity. It's yet another scam from the bankers/newsmedia.. It is super-fiat and was NOT created by some anonymous jap. What a joke that story is.
    In other news...

    Water?

    Wet.
    DemoKKKrats: The dangerous fascist psychopaths Orwell warned us about.

  11. #9 | Top
    Join Date
    Apr 2009
    Posts
    108,120
    Thanks
    60,501
    Thanked 35,051 Times in 26,519 Posts
    Groans
    47,393
    Groaned 4,742 Times in 4,521 Posts
    Blog Entries
    61

    Default

    Quote Originally Posted by Primavera View Post
    Investing in Bitcoin is like having sex without a condom

    Everyone's pushing you to do it and it feels good once it's rising, but not withdrawing in time can be costly.
    .

  12. #10 | Top
    Join Date
    Dec 2015
    Posts
    28,634
    Thanks
    0
    Thanked 4,231 Times in 3,449 Posts
    Groans
    0
    Groaned 2,212 Times in 1,887 Posts

    Default

    Quote Originally Posted by War=Peace View Post
    In other news...

    Water?

    Wet.
    Yes it is obvious. Cryptos, covid, and climate are all obvious scams.
    Reckless drivers are a bigger threat to you than all other criminals put together!

    THE BIG LIE - Blacks and whites are different physically but identical mentally!

    There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach Joe the Pedophile Vegetable (JPV)

  13. The Following User Says Thank You to Text Drivers are Killers For This Post:

    War=Peace (05-09-2021)

  14. #11 | Top
    Join Date
    Nov 2020
    Posts
    3,384
    Thanks
    1,749
    Thanked 960 Times in 789 Posts
    Groans
    1
    Groaned 45 Times in 42 Posts

    Default

    Quote Originally Posted by Text Drivers are Killers View Post
    Yes it is obvious. Cryptos, covid, and climate are all obvious scams.
    Yup.

    (The WuFlu is real of course; the DemoKKKrat Scamdemic built upon it the political Crime of the Century.)
    DemoKKKrats: The dangerous fascist psychopaths Orwell warned us about.

  15. #12 | Top
    Join Date
    Jan 2020
    Posts
    29,128
    Thanks
    4,038
    Thanked 12,340 Times in 8,498 Posts
    Groans
    29
    Groaned 2,701 Times in 2,506 Posts

    Default

    Quote Originally Posted by Text Drivers are Killers View Post
    Bank of England Governor says Bitcoin investors will LOSE EVERYTHING
    No, he did not. He said, "I’m going to say this very bluntly again – buy them only if you’re prepared to lose all your money." That is a very different statement than saying you will lose everything. It is a possibility that you will lose all your investment in BitCoin, but far from a certainty. There are even more dangerous investments. Buy on margin, deal in futures, or other such investments, and you could lose more than your entire investment.

    BitCoins should be treated as a side investment. You should always have money in safer investments too, just in case.

    Everything Bailey really did say is right. Bitcoins have no intrinsic value, and therefore are more risky. Their extrinsic value is more recent, so could easily change. They are risky.

  16. #13 | Top
    Join Date
    Jan 2020
    Posts
    29,128
    Thanks
    4,038
    Thanked 12,340 Times in 8,498 Posts
    Groans
    29
    Groaned 2,701 Times in 2,506 Posts

    Default

    Quote Originally Posted by Text Drivers are Killers View Post
    Of course scams can last a long time esp when the press supports them as is the case with bitcoin. But it will go to zero eventually.
    Texting Driver is making a prediction here. He might be right, but he has little company in his certainty.

  17. #14 | Top
    Join Date
    Jan 2020
    Posts
    29,128
    Thanks
    4,038
    Thanked 12,340 Times in 8,498 Posts
    Groans
    29
    Groaned 2,701 Times in 2,506 Posts

    Default

    Quote Originally Posted by Text Drivers are Killers View Post
    A crash is the only hope for america. Let it collapse and kick out the non-whites and start over. MAWA is the answer.
    Just to remind everyone, Texting Driver claims he is not racist.

  18. #15 | Top
    Join Date
    Jul 2018
    Posts
    24,180
    Thanks
    3,172
    Thanked 10,072 Times in 7,504 Posts
    Groans
    49
    Groaned 1,103 Times in 1,048 Posts

    Default

    Quote Originally Posted by Text Drivers are Killers View Post
    A crash is the only hope for america. Let it collapse and kick out the non-whites and start over. MAWA is the answer.
    The Native Americans should have done that to us.
    We not only stayed, but we brought the Africans here, against their will, on slave ships.
    Now that this was done, TDAK believes a white America is the answer.
    Of course he does.
    He's a fucking devolved mutant.

    What's actually needed are separate blue and red Americas.
    We don't need TDAK types slithering around Massachusetts.
    They wouldn't last long anyway.
    Patriotism is the last refuge of a scoundrel. Samuel Johnson, 1775
    Religion....is the opiate of the people. Karl Marx, 1848
    Freedom's just another word for nothin' left to lose. Kris Kristofferson, 1969

Similar Threads

  1. Replies: 1
    Last Post: 12-22-2017, 07:42 AM
  2. Replies: 7
    Last Post: 12-06-2012, 11:24 AM
  3. Replies: 0
    Last Post: 06-29-2012, 03:07 PM
  4. England bank chief: UK may face worst crisis ever
    By cancel2 2022 in forum Current Events Forum
    Replies: 5
    Last Post: 10-07-2011, 10:18 AM
  5. APP - Bank of England tells banks to reform or else
    By cancel2 2022 in forum Above Plain Politics Forum
    Replies: 9
    Last Post: 10-21-2009, 07:20 PM

Bookmarks

Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •