submitted by /u/sylsau [link] [comments] |
This blog brings you the best Cryptocurrency & Blockchain, ICO & P2P and Exchange & Laws news. Also contains technology and research based post from all around the world every single day. Get informed! Think Future!
Friday, 7 May 2021
I got (12) people in my Biz network into BCH.
So my country is on brink of Hyper Inflation and a lot of people trying to get into Crypto but have 0 knowledge on it.
I began explaining with Types of wallet and coin tokenomics, and ofcuz the awesomeness of BCH.
ALSO TIPPED THEM $1 each like i did here.
It ain't much , but it's honest work.
Cheers !
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source https://www.reddit.com/r/btc/comments/n6q9be/i_got_12_people_in_my_biz_network_into_bch/
Exchange asked for KYC, dragged me through hell. Turns out it was an EXIT SCAM
Today I tried to check in on the status of my KYC-hell account with IDAX (long story as to why I would use such a shit exchange). Last year they had asked me repeatedly for more and more KYC documents, each time I was told the documents were "insufficient to verify my identity". I gave up at some point and just wrote off the 0.2BTC they were keeping hostage. Turns out, they exit scammed a few months later! And I'm realizing now that they figured "why not drag this exit scam out for awhile AND collect as many passport images and full names/SSNs while we're at it"!
KYC is a SCAM, whether it's done by governments or scammers makes no difference.
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source https://www.reddit.com/r/btc/comments/n6rsdj/exchange_asked_for_kyc_dragged_me_through_hell/
Soo many people are in denial about inflation. If you asked them 2 years ago "hey if one day the fed randomly decided to print 10 trillion dollars, that would cause hyperinflation, right" everyone would agree. But when it actually happens, 90% of people come up with some excuse as to why nah not....
...nah not hyperinflation that can't happen here.
In drugs, its called the onset when you take a pill and wait for it to kick it. During the onset you feel 0 effects. The onset lasted from maybe March 2020 to Jan 2021.
Next is the come up, when you start to feel effects but its not full strength yet. The come up started once the vaccine rolled out and people started spending, inflation starts small. The come up started Jan 2021 once the vaccine started allowing poeple to leave their house.
After the come up is the Peak - I except the peak start once we reach 80% to100% vaccination in the USA, we are currently at about 33% vaccinated. Current estimates say it will take until 2022 to get their.
The come down, come as the fed raises rates. Hyperinflation is only temporary, as it only last a few years in every country in history. But your savings will be worthless by the time of the come down.
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