Crypto financial mechanics.

[market-boss]

Cryto coins mechanics

Someone buys a coin by credit card, paypal.

the deposit is supposedly transferred to a corporate 'bank account' of the issuing exchange.

now people who own the 'crypto coins' is similar to a voucher owner.
the crypto coins are traded change of ownership but the money is still in the 'bank account'

the value of the crypto coins is something I don't fully understand. there is no value. these coins are not currencies.

tip: if you don't understand it logically===it's a SCAM to fool you.

this crypto thing doesn't make sense to me. crypto coins was invented mainly for money laundering...anonymous transfer of money. money launders dream man!

the 'exchange' is the just the guy or company issuing those crypto 'coins'

the value of cryto has no relation to GDP or trading against other currencies.

 

[Overnight]

Cryto coins mechanics

Someone buys a coin by credit card, paypal.

the deposit is supposedly transferred to a corporate 'bank account' of the issuing exchange.

now people who own the 'crypto coins' is similar to a voucher owner.
the crypto coins are traded change of ownership but the money is still in the 'bank account'

the value of the crypto coins is something I don't fully understand. there is no value. these coins are not currencies.

tip: if you don't understand it logically===it's a SCAM to fool you.

this crypto thing doesn't make sense to me. crypto coins was invented mainly for money laundering...anonymous transfer of money. money launders dream man!

the 'exchange' is the just the guy or company issuing those crypto 'coins'

the value of cryto has no relation to GDP or trading against other currencies.

Yes.

 

[dozu888]

never underestimate the human stupidity... just a few months ago we had people stepping over each other to buy 'coins' created out of thin air by other people.

doesn't take a lot of brain to figure out , the only way to make money is to create your own coin lol.

 

[MrMuppet]

well, ask a guy from venezuela wether this crypto thing is a curse or a blessing to him.

sometimes people can't think outside of their own small box

 

[nerase]

People should learn about cycles just and understand why bitcoin and cryptocurrencies overall are needed. Just check the volume at Binance/Primexbt/Coinbaase/Bitmex etc... and the other big platforms, look at the money they make. I think that this industry is life and kicking soon to be sprinting.

 

[Rocksinger]

I see it something like I already talking a lot here. That coins are totally inflated. On one side I am dissapointed that I was not able to buy them like 10 years ago or how much cause of thinking it's scam for real peanuts, but now I am on same boat cause I do not sure still and they cost fortune.