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Tuesday, January 8, 2019

ECB: Cryptocurrencies are complete loads of nonsense!

https://finance.yahoo.com/news/virtual-currencies-down-load-nonsense-171051159.html

The strongest condemnation of Crypto by the ECB!

The crypto market will start to disintegrate if the crypto prices are below the mining costs for a considerable long period such as 1 year or more.  This is because the crypto miners will collapse first due to the unprofitable mining, followed by the crypto exchanges because of the low liquidity and security risks and then the crypto investors for their unrealistic thinkings.

Please read our posting below for more information.

http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html

1 comment:

Eric Ho said...

https://sg.finance.yahoo.com/news/well-known-cryptocurrency-may-just-064300640.html

A 51% attack on ethereum was successful recently!

This happened because of the flawed structural design of blockchain.