Just last November, the total value of cryptocurrency in the world was $3 trillion US. But now, more than $2 trillion of it has gone. Intuitively it is hard to grasp, but when stocks and real estate values plunge, money essentially "disappears into thin air.
DamoSpin So sad, too bad...never mind.
The money doesn't exist😐 Money is supposed to be a something we earn, not generate. I know speculative profits and high interest returns have been normalized, but they're neither ethical nor sustainable, and contribute to society's inequality and poverty.
Meerakati wheeeeee!
$1trillion remains. Still time to lose $$. PierrePoilievre CandideBergenMP
Super Mario coins went..pfft! Didnt see that coming 🤔🙄
The money just does not dissappear. A select few wealthy individuals who lead the markets normally cashed early and pocketed the spoils. Everyone else takes a hit. The rich get richer & the poorer get poorer. Most people haven't figured this out yet.
Russian influence decreasing - Foreign Affairs attend Russia Day Celebrations Component One - Nations in attendance?
Important news. Justin Trudeau “DO WE TOLERATE THESE PEOPLE” goes without any repercussions by state run CBC.
I'm selling magic fairy dust if anyone is interested. It really works
Good. I hope it gets to 0!! Cryptocurrencies is just a way for criminals & so called legitimate Money & Power companies to 'go under the radar' and make $$ or steal money from ignorant investors!
Into rich people 's pockets, like always
Perfect reflection of mankind. We create something and then we let it manage us. This has to be a simulation - there is no way we are this stupid.
Look under PP's mattress.
Crypto was, and is, imaginary. It's not an asset. It has no value other than a fantasy number that 'believers' have faith in. You know, like a religion, or a cult.
It's time for CBC News to remind readers of this. Now that crypto has seriously crashed: March 28: Pierre wants Canada to be 'blockchain capital of the world' Says government is 'ruining' the dollar, backs bitcoin
I hate pyramid schemes.
it's not real 'currency', anyway.
aartipole So crypto isn't going to save the world?
The magic beans are a result of cheap money and energy for the last decade. People may make fun of it, but it's just the beginning of a return to reality. Renewables, real estate + more are all going to get hammered
I’ve never invested in crypto, I’ve never trusted it. It always seemed like a scam to me.
House of cards. Just takes a puff of wind to knock it all down...
And the stock market? Anyone miss Trump yet?
Hopefully PP lost everything 🤣🤞
You know what else can make money disappear? Ponzi schemes
🤷🏽♂️
The federal government has lost control of the economy and seems not to care.
My co-workers laughed at me when I refused to follow them down the rabbit hole of buying fake money. Now I'm the one laughing!
More embarrasing legitimization of the crypto ponzi/rug pull/take your pic of scam types from the CBC. Crypto is not a house. It is not a share in a company producing tangible goods or services. It's at best a wildly speculative bet reliant on more new marks adding to the pile.
Maybe PierrePoilievre blew it all on shwarma.
I see all the mocking comments. And do not understand. I bought Bitcoin at 19 cents. My investment was $20. I am sole proprieter of my Crypto wallet. No one gets a cut. Not the bank. Not an app. Not even the Government. I can retire at 42 if I wanted.
There is no value in burning electricity. To bad it toke so long for you to understand it.
The value of nothing is nothing
It may bounce back but I could never invest in something 100% speculation.
Has anyone pointed this out to SKIPPY PierrePoilievre
But PierrePoilievre said buying bitcoins would lead us out of inflation. 🙄🙄🙄🙄🙄
gun wing ease
I invested my retirement savings in Bitcoin last month. Why wouldn’t I trust Pierre Poillieve?
Where does the money go? Guess what, it was never there to begin with.
SCAM!
PierrePoilievre
Can we stop treating Crypto like its anything other than an easy way to scam retards? Thanks.