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Question - Topic: Currency Trading
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shevamann
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Posted On: 2017-11-27 07:55:02
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What is Bitcoin exactly? A SCAM or a great investment?

What is Bitcon exactly?
Is it an investment or a currency play?
How much can I earn by investing/buying Bitcoins? Or is a Bubble and a SCAM that should be avoided? Seems like a great investment since it is up like 10000% or something like that.
What you all think?

Answers & Comments: 88
RealTime
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1 month 4 weeks ago

Thank GOD I read on Anoox what a worthless nothing BitCoin is last year and avoided putting money into this scam unlike CNBC that was pushing this junk last year. You all saved me close to $50,000 which I was going to put into this toilet called BitCoin that did not. So anyone that has any doubt as to the power of Anoox in getting the truth out based on the Crowd, should have that doubt put to rest by this further example.
Kudos to Anoox community :) Kudos.
Europal
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1 month 4 weeks ago
1st, it is total insult to word SCAM to call it BitCoin a SCAM, it is really something far far worse. 2nd, my Hat off too to Anoox being the one of the 1st places that one could clearly see the facts as to what a super nothing BC is and to stay away from it. Really shows that Crowd Wisdom if allowed to channel, can deliver.

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Yes2goodideas
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1 month 4 weeks ago

So BitCoin has fallen like 50% over last few days.
My hat off to Anoox for exposing what a total fraud and SCAM BitCoin was and is.
Really this is the one place one can count on to get the best answers and the Truth at all time.
I mean while CNBC was hyping and pushing BC based on its price going up and how X had got rich off it, you people here pointed out the fact that there is no underlying value to BC at all!
Good job to you all. Anoox really shows the power of the Crowd Wisdom! Question is then what price will BC go to? And is there any digital currency that can be of value?
Lux_Report
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1 month 4 weeks ago
Really my Hat off too to Anoox and Anoox community for exposing yet another SCAM, this time the ultra SCAM that was and is BitCoin. Anoox is showing the power of "we the People", aka Crowd Wisdom, like no where else. I tell you People who were smart enough and fortunate enough to be getting their intel from Anoox have saved Billions on this BitCoin Super Bull Sh*t.
RealTime
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1 month 4 weeks ago
Y2G & LR, you can add me to the list of the People that thanks to Anoox Answers did not buy into the BC mania that was being pushed by CNBC and rest of the Wall Street charlatans and saved my hard earned money thank you.

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Be2net
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2 months 6 days ago

Bitcoin at even 1 Cents is too much value. Since anyone can run a few lines of Codes to create another so called Crypto Currency such as BitCoin and call it JerryCoin, PutinCoin, LarryCoin, IdiotCoin, etc.

So to say that Bitcoin is a SCAM is indeed giving SCAM a very bad name, that is how much of SCAM BitCoin is. Or any of these so called digital coins in someones basement by running few lines of code.
Yes2goodideas
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1 month 4 weeks ago
Bitcoin at even 1 Cents is too much value. WOW! Really!
This means it is going to drop $12500 in value? How long will this take?
Lux_Report
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1 month 4 weeks ago
How long, is a moot question, since the powers that were pumping this worthless junk can pump it again via CNBC and Fox. But the fact remains that BC is no currency, as it has been called on CNBC and other Fake News services as being (digital) currency since for something to be a currency it needs to meet these criteria:

1- At least 1 Central Bank and all resulting Banks of that Country need to be accepting it. ZERO Central Bank accepts BC.
2- There needs to be a hard version of that so
Lux_Report
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1 month 4 weeks ago
called currency. So that you can trade it as Cash. There is NO such form of BC. On that note, think that whenever Fake News such as CNBC, Fox, etc. showcased articles on BC they used an image of a BC Coin which DOES NOT EXIST! And in fact they made the non existing BC coins look like 1 Euro Coins and not 1 US Dollar coins. Such as in this total FAKE lie of an Article on CNBC:

https://www.cnbc.com/2017/12/18/central-banks-will-hold-bitcoin-and-ether-in-2018-blockchain-ceo.html

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raminvan
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2 months 2 weeks ago

Bitcoin is the ultimate demonstration of how some People follow the sheep, to slaughter.
And how the Big Media can hype anything they want to any ridiculous levels.
For BitCoin has as much real value as ZitCoin. Which is NONE. ZitCoin being the block chain based Coin that my 5 Years old put together in our basement. At least with my 5 Years, we know what his name is, with BitCoin we do not even know that since BitCoin was was created by the fictional Satoshi Son. Or some ridiculous made up name like that.
Europal
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2 months 2 weeks ago
And just think today, BitCoin went up $8000 to $19000
Man have these People no shame!
Feast your eyes on the SCAM of the Century:

https://www.cnbc.com/2017/12/06/bitcoin-tops-13000-surging-1000-in-less-than-24-hours.html

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webfuelcode
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2 months 3 weeks ago

As the bitcoin rate in booming you could make good money if you already had bitcoins and now sell it.

These days people still says bitcoin is going 10k+.. not sure about it.
RealTime
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2 months 3 weeks ago
But WHY?
Based on what fundamental facts is BitCoin even worth $1 set aside $9000?????
A currency such as USD, Euro, etc. has the FULL faith and credit of their respective Governments behind them. What does BitCoin have behind it? NOTHING. So it is the Ultimate SCAM.
webfuelcode
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2 months 3 weeks ago
Yes, I believe too.

I personally do not want to work in bitcoin but as we can see how bitcoin is growing. Possible, this is only a trick to us trust in the digital transaction. As we already know the government is planning to make it so easy for people.
Europal
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2 months 2 weeks ago
Webfuel, what are you talking about? As Realtime has well demonstrated, and this question goes to anyone who is Bullish on Bitcoin or touts BC as an investment or a buy: "Based on what fundamental facts is BitCoin even worth $1 set aside $9000?????"

In that question, and your lack, or anyones lack, to be able to answer that question coherently, we have all the proof that we need that BitCoin is just a Hype driven by Big Media and has no real value otherwise.
sarah
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2 months 2 weeks ago
EP, it is very telling as to what a SCAM this BitCoin is, that when you ask the BitCoin Bulls, supporters, etc. as to:

"Based on what fundamental facts is BitCoin even worth $1 set aside $9000?????"

Their only answer is, look the price of BitCoin has been going up, so it must be of great value. Which is the ultimate proof of what Mania driven bubble this is. But in fact this is far beyond a bubble, i mean you can have Bubble in Stock X, but Stock X has an underlying value, CB has NO real value
RealTime
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2 months 2 weeks ago
Sarah, very well said. This is essentially the point that anyone who looks at reality has been making about BitCoin. That unlike the currency of a Country that is backed by all the Natural & Human & Military resources of that Country, BitCoin has ZERO such underlying intrinsic value.

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