The Fall Of Cryptocurrencies – How To Use Leftover Crypto?

This is the Fall of Cryptocurrencies, where we are going to explain how the promised fairy tales of flying cars turned into scams, fraud cases, and generally market crashes. While others still believe that crypto has a chance to resurface, it seems that right now, Greed has tainted the community, and it is currently nothing more or less than a simple pyramid scheme. But how did it all begin? How to use your leftover crypto? We are here to explain!

Scammers on any 0 views TikTok videos, viruses that alter your account to sell crypto, and scams through Binance. This is what most ‘financial professionals’ believe the future is. Roughly two years ago, the world of cryptocurrency blew up, and the people who owned the coins previously became billionaires. This phenomenon has started many things.

People felt like they could get money for free, just by doing “market research” – most of the time googling predictions on a generic site – and they sought to increase the value of their currency by telling others about the investment value. It’s a pyramid scheme. This is The Fall of Cryptocurrencies, and we are here to explain how things went wrong. From promising flying cars in the future to being a chip at the online gambling sites in Germany.

Decentralization? – The Fall Of Cryptocurrencies 

First things first, we all hear about decentralization. Supposedly, cryptocurrencies get rid of government control, giving people power over currency. But, is this even needed? Why would we want to be unseen by the government? This is great for criminals who trade illegal things. However, I believe that banks and governments truly seek to defend the everyday person.

They have a great defense system and a legal system that allows us to try and seek compensation for attacks. In the meantime, the blockchain won’t refill your cash if someone manages to scam you. According to the ECB, blockchain trading technology has a gigantic carbon footprint, which keeps creating legal issues in the authorization of the proof-of-work system. At this point, just register at BitStarz Casino to play with your crypto.

Fraud Schemes And False Marketing

The fall of cryptocurrencies has a lot to do with fraud schemes. Everyone claimed to be a high-tech corporation and financial professional. However, what people truly did was to take advantage of people’s lack of self-worth, and talk in a very fancy way. Thus, they created a sense of superiority, when people wanted to actively learn to understand what was being said. But oftentimes, what was being said was confusing because it didn’t make sense.

According to the BBC, Sam Bankman-Fried is facing decades of jail sentences for his gigantic crypto scheme, where he wanted to become the king of crypto. This is not everything! In our report on the BINANCE updates for 2024, we explained how the BINANCE CEO pleaded guilty to financial crimes.

The Scams – The Fall Of Cryptocurrencies 

One thing worse than fraud is scams. And honestly? The crypto community brings one of the most disgusting ways of scams. Not only can these scammers easily and anonymously get away with stealing from those who are less tech-savvy, but also they do it so extremely openly. Whenever someone posts a mere TikTok or Reddit post about crypto, at least five scammers and ten bots will go there to comment on scammy links. There are legit ways in which you can earn crypto rewards in online casinos.

But scammers are getting out of hand, and the more technology we develop, the more tools they have. There are also viruses corrupting emails and accounts, reshaping them into crypto-scam schemes. No, not link-sending schemes. Rather, content generates false information to invite people into investing.

A Pyramid Scheme

Ever heard about pyramid schemes? Do you remember the time when they were new, and everyone started to buy into products and businesses? These MLM marketing strategies are nowadays frowned upon and ridiculed by even the common folk. However, the same common folk fell for the same scheme, renamed to cryptocurrencies. The fall of cryptocurrencies started when people started to realize that it was just a pyramid scheme.

If there are no investors, there is no value. And when I say there is no value, there is truly, no value. The NFT technology is great, but it isn’t great for trading art. It will only be valuable in video game development. According to Reddit, 98% of cryptocurrencies are useless. And the rest of the 2% solves problems in the world that wouldn’t exist without crypto.

Value And General Issue – The Fall Of Cryptocurrencies 

So now that we understand why cryptocurrencies are failing, let’s talk about mundane issues. Quite simply put, cryptocurrency is fully useless. It is a digital asset and has no tangible value at all. So, why is this an issue? Of course, I use digital banking, and I generally dislike the idea of physical cash. However, fiat currencies are authorized by gigantic banks which are the center of our capitalist society.

Sure, if we want to “break the matrix” and fight capitalism, then crypto can be a cheap, albeit, an okay solution. But who owns crypto? Decentralized on the blockchain? Come on, we all know that there is always going to be a master. Thus, if we replace FIAT with crypto, then we get the same thing, with just more problems.

Alt Coins

For me, the fall of cryptocurrencies was obvious when I looked at the market merely 2 months after BTC boomed. There were at least nine thousand different altcoins, programmed by a copy-paste code. Some of them were scams, leaving the users empty-handed. Some of them were memes, and some of them were investments. As a teenager, I thought Dogecoin was funny. However, as an adult, I got to witness people paying with Dogecoin in the shops.

But why? Four different coins have at least some sort of value. These are BTC, ETH, LTC, and XRP. Doge is okay but nothing is better than money. You can watch the episode on gambling and crypto in South Park. Their episode perfectly explained how crypto works. They just replace water with pee, calling it super-water.

Where To Use Your Excess Crypto?

Now that you understand the fall of cryptocurrencies, we have great news for you! The strategy we started to advertise for casino plays and crypto is still working. However, keep in mind that this is still gambling, and there is a high portion of chance involved. Thus, responsible gambling is advised. However, if you are a casino player, then the strategy can make the value of your winnings better. Just use a crypto-service app, and use their promotions. Then use the promotion crypto to pay for the online casino promotions. If you are lucky, you will be very lucky instead. And if you are unlucky, at least you will not feel very unlucky. If you are interested in playing online casinos that accept crypto, then take the following links:

• – Europe: Register at Bitstarz Casino here!
• – USA: Register at BC.Game Casino here!

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