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
    18,429
    Thanks
    0
    Thanked 2,734 Times in 2,237 Posts
    Groans
    0
    Groaned 1,670 Times in 1,395 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!

    Blacks will always hate whites because we're successful and they aren't

    There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach PEDODENT BIDEN

  2. #2 | Top
    Join Date
    Apr 2020
    Location
    Olympia, Wa
    Posts
    20,501
    Thanks
    1,291
    Thanked 5,723 Times in 4,660 Posts
    Groans
    1
    Groaned 227 Times in 216 Posts
    Blog Entries
    1

    Default

    This looks like a criminal enterprise.

    The last days before the Great Crash.
    Tell the truth and then let the chips fall where they may.

  3. #3 | Top
    Join Date
    Dec 2015
    Posts
    18,429
    Thanks
    0
    Thanked 2,734 Times in 2,237 Posts
    Groans
    0
    Groaned 1,670 Times in 1,395 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!

    Blacks will always hate whites because we're successful and they aren't

    There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach PEDODENT BIDEN

  4. #4 | Top
    Join Date
    Dec 2015
    Posts
    18,429
    Thanks
    0
    Thanked 2,734 Times in 2,237 Posts
    Groans
    0
    Groaned 1,670 Times in 1,395 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!

    Blacks will always hate whites because we're successful and they aren't

    There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach PEDODENT BIDEN

  5. #5 | Top
    Join Date
    Apr 2021
    Posts
    1,445
    Thanks
    319
    Thanked 395 Times in 315 Posts
    Groans
    0
    Groaned 12 Times in 12 Posts

    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
    20,501
    Thanks
    1,291
    Thanked 5,723 Times in 4,660 Posts
    Groans
    1
    Groaned 227 Times in 216 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!
    Tell the truth and then let the chips fall where they may.

  8. #7 | Top
    Join Date
    Apr 2009
    Location
    Earth
    Posts
    95,511
    Thanks
    48,460
    Thanked 29,523 Times in 22,580 Posts
    Groans
    39,524
    Groaned 4,285 Times in 4,085 Posts
    Blog Entries
    53

    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 Primavera 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
    Location
    Earth
    Posts
    95,511
    Thanks
    48,460
    Thanked 29,523 Times in 22,580 Posts
    Groans
    39,524
    Groaned 4,285 Times in 4,085 Posts
    Blog Entries
    53

    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
    18,429
    Thanks
    0
    Thanked 2,734 Times in 2,237 Posts
    Groans
    0
    Groaned 1,670 Times in 1,395 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!

    Blacks will always hate whites because we're successful and they aren't

    There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach PEDODENT BIDEN

  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
    13,119
    Thanks
    591
    Thanked 4,877 Times in 3,378 Posts
    Groans
    29
    Groaned 1,623 Times in 1,495 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
    13,119
    Thanks
    591
    Thanked 4,877 Times in 3,378 Posts
    Groans
    29
    Groaned 1,623 Times in 1,495 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
    13,119
    Thanks
    591
    Thanked 4,877 Times in 3,378 Posts
    Groans
    29
    Groaned 1,623 Times in 1,495 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
    7,448
    Thanks
    672
    Thanked 2,938 Times in 2,069 Posts
    Groans
    17
    Groaned 444 Times in 421 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 a scoundrel. Samuel Johnson, 1775
    Religion....is the opiate of the people. Karl Marx, 1848
    Person...woman...man...camera...television. Donald Trump, 2020

Similar Threads

  1. Replies: 1
    Last Post: 12-22-2017, 06:42 AM
  2. Replies: 7
    Last Post: 12-06-2012, 10:24 AM
  3. Replies: 0
    Last Post: 06-29-2012, 03:07 PM
  4. England bank chief: UK may face worst crisis ever
    By Primavera 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 Primavera 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
  •