Anyone consider a black created crypto currency?? How about a BGOLcoin??

largebillsonlyplease

Large
BGOL Legend

geechiedan

Rising Star
BGOL Investor
It didn't.

The price doesn't mean shit
The liquidity was $2k
You got something"worth" 78million but only have 2k in liquidity how you gonna get 78milliom from 2 thousand dollars?

You can't
I read that article too and not only is your assessment accurate (its only on paper worth) but cryptocurrency seems like the digital version of hamsterdam.. some kind of free for all that eventually govts are going to crack down on and people are going to get caught up in all kinds of white-collar crime shit. Feds are either gonna change some rules or make up rules and sooner or later people who were just goofing around like dude in the article are going to get letters from the govt saying their activity is criminal.
 

largebillsonlyplease

Large
BGOL Legend
I read that article too and not only is your assessment accurate (its only on paper worth) but cryptocurrency seems like the digital version of hamsterdam.. some kind of free for all that eventually govts are going to crack down on and people are going to get caught up in all kinds of white-collar crime shit. Feds are either gonna change some rules or make up rules and sooner or later people who were just goofing around like dude in the article are going to get letters from the govt saying their activity is criminal.

Crypto is real and valuable

What this person did is the exact equivalent of driving up a valuation on a company and then the company not actually doing anything so it folds.
He just didn't get to fool someone into buying their worthless company like we see so so many times in the business world

Nothing more treacherous than that which happens all the time.

The coins with use case always rise to the top just like the best ideas and businesses do.


Theres more credit card fraud than crypto fraud
Governments just don't control the money in crypto that's why they crack down

They control the credit so they don't give 2 ducks if you swiping or you getting your identity stolen.

Peep game
 

geechiedan

Rising Star
BGOL Investor
Crypto is real and valuable

What this person did is the exact equivalent of driving up a valuation on a company and then the company not actually doing anything so it folds.
He just didn't get to fool someone into buying their worthless company like we see so so many times in the business world

Nothing more treacherous than that which happens all the time.

The coins with use case always rise to the top just like the best ideas and businesses do.


Theres more credit card fraud than crypto fraud
Governments just don't control the money in crypto that's why they crack down

They control the credit so they don't give 2 ducks if you swiping or you getting your identity stolen.

Peep game
yeah but look at what you're talking about...fraud is fraud whether its credit card or crypto...in the end SOMEBODY is gonna get burned.
What are you creating it for is the biggest question...dude in the article did it as goof...but NOW he's looking for a purpose since it gained popularity...Thats cart before the horse and now he's trying to play catch up on his own creation.

Nature abhors a vacuum and if you don't fill that space with something positive then something negative WILL fill it regardless of one's intentions.
 

largebillsonlyplease

Large
BGOL Legend
yeah but look at what you're talking about...fraud is fraud whether its credit card or crypto...in the end SOMEBODY is gonna get burned.
What are you creating it for is the biggest question...dude in the article did it as goof...but NOW he's looking for a purpose since it gained popularity...Thats cart before the horse and now he's trying to play catch up on his own creation.

Nature abhors a vacuum and if you don't fill that space with something positive then something negative WILL fill it regardless of one's intentions.

But again the only reason there is a problem with it institutionally is because they don't control it

the same institution had no problem shutting down trading because they were caught being greedy and needed to get into better positions to make money because the people were making too much.
 

COINTELPRO

Transnational Member
Registered
We practically have our own currency now (black peso) if you look at the price/wealth difference between white and black households. It was an issue I had mentioned during reparations discussion. It is like living in Mexico earning pesos, yet having to use U.S. prices for goods and services.

Many of the problems we can fix by creating our own separate areas and businesses with cheaper prices.
 
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blackpepper

Rising Star
BGOL Investor
Surely there are others thinking the same thing. A black or african american themed alt coin. I'll be checking for it.
 

Mrfreddygoodbud

Rising Star
BGOL Investor
Any links?

this should be it.. I havent done any research on it.. Im waiting

for the one we all collectively agree upon....

cacs love to place our face on their products

they market towards us... so we have to really do

our homework when wanting to invest with

our people..

tons of fuckery when it comes to us as consumers..

so read that white paper first....
 

geechiedan

Rising Star
BGOL Investor
define "rich"

This ‘dogecoin millionaire’ refuses to sell and bought during the dip — now his stash is worth $2 million


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Since becoming a “dogecoin millionaire” on April 15, Glauber Contessoto has continued to hold rather than sell — despite the coin’s ups and downs, he tells CNBC Make It. And now he says he’s a millionaire twice over.

Contessoto says he invested over $180,000 in dogecoin on Feb. 5, when it was priced at about 4.5 cents, and hasn’t looked back.




“I had already anticipated that [dogecoin] would drop,” Contessoto, 33, says, “and sure enough, it happened.”

Indeed, after reaching an all time high of about 73 cents on Saturday in anticipation of Elon Musk’s appearance on NBC’s “Saturday Night Live,” dogecoin then fell below 50 cents as the Tesla CEO called the cryptocurrency a “hustle” on TV.

Contessoto likened what happened around SNL to what happened with the price around the community-proclaimed “Doge Day,” April 20.

“The whole week leading up to it, everyone was hyping it up, prices going up, and then it crashes,” he says. “It’s the same pattern.”

On Thursday, dogecoin continued its decline below 40 cents after Musk announced that Tesla would no longer accept bitcoin as payment for its vehicles over environmental concerns.




But the price then started to go up again Thursday night after Musk tweeted that he’s “working with doge devs to improve system transaction efficiency. Potentially promising.” Musk had recently taken a Twitter poll as to whether Tesla should accept dogecoin.

This volatility is a reason why experts are very skeptical of dogecoin, even more than other cryptocurrencies, saying it’s highly speculative and a so-called meme trade based on social media buzz. They warn that investors could get burned.

For instance, Mike Novogratz, a crypto bull and founder and CEO of Galaxy Digital, previously told CNBC’s “Squawk Box” that while bitcoin is “a well-thought-out, well-distributed store of value that’s lasted for 12 years and is growing in adoption,” while dogecoin “literally has two guys that own 30% of the entire supply.” Bitcoin also has an extensive and well-funded ecosystem that does not exist with dogecoin, he said. And dogecoin does not have a supply cap like bitcoin does, all of this making it a much more risky investment, according to experts.

But the volatility doesn’t worry Contessoto, and he’s very bullish on the meme-inspired cryptocurrency long-term. In fact, he has since spent more money buying the dip — on Sunday, for example, he invested another $17,500 when dogecoin was trading around 47 cents, he says.

Contessoto says he used money he earned by selling other cryptocurrency he owned, along with money leftover after paying bills from his day job paycheck, he says. (Contessoto works at a music company in Los Angeles.)

“It’s taken me a long time, but I’ve learned how to stomach things like this,” Contessoto says. “The only way you’re going to guarantee your profit is holding long-term, like Warren Buffett has said about stocks. And I believe that wholeheartedly.” (Buffett is not a fan of cryptocurrency and says it has no value.)

As of about 7 p.m. EST on Thursday, Contessoto’s dogecoin balance is over $2.03 milion.

 

xfactor

Rising Star
BGOL Investor
:lol: some people (like you) aren’t meant to have wealth. I see why you are so upset, knowing that there are people decades younger than you, with money longer than you’ll ever see.
How come none of you crypto preachers ain't rich yet?
 

mcguyver

Rising Star
OG Investor
:lol: some people (like you) aren’t meant to have wealth. I see why you are so upset, knowing that there are people decades younger than you, with money longer than you’ll ever see.


You are a board bitch, anything you type is worth shit.
 
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