Why Gold appreciates in value
Gold appreciates in value because there is a scarcity of gold available in the world and people buy it for their use. There is no scarcity of Cryptocurrencies in the world. Why? Because simply anyone can mine it as much as they want. So how do Cryptocurrencies appreciate in value? They don't.
Why Fiat Currencies appreciate in value
When there is a demand for a country’s currency in the international market, it appreciates in
value. Remember if a country simply prints currencies as much as they want, it decreases in
value and ends up being used as toilet paper. But Cryptocurrencies are mined as much as they fathom, and still, it's value increases? Mining is a technical word, which means “ You are just being fooled. Give me your money and run away”
Why the Stock Market appreciates in value
The Stock Market rises in value because there is a company in which we are investing. That
company does business and makes a profit. If we invest early, they will use the money to
expand their business. The company’s worth is your investment and its value increases as it
grows and makes more profits. Cryptocurrency doesn't do any business. It simply sits as
bitcoins and makes no profit.
I have warned about cryptocurrencies for a long long time. You can have a look at my Substack. Notes to get a glimpse of that. Cryptocurrencies don't appreciate in value. It's like a dollar bill. Somebody worked to get that dollar. That's why it has a value of a dollar. If you want a ten-dollar bill, some more work has to be done for it. And one dollar doesn't magically become ten dollars, because there is a fancy picture of the American President in it. It is the same with Cryptocurrencies. Somebody spent their hard-earned money in dollars to buy a Cryptocurrency. Only because of that Cryptocurrency has a value. Why would it appreciate? It won't.
Fear Of Missing Out
The major drive behind the crazy run for Crypto Currencies is FOMO. Everyone will become rich and I will have no money to catch up with them. So I need to follow the herd mentality. Advertisements were everywhere in the world. You can become rich simply by investing in Crypto Currency. That's the biggest scam of the century. If everyone sits in their home and buys cryptocurrencies, will everyone become rich? Well, what a way to make the world economy grow and make everyone rich with all the comfort they want, while no one works.
How Crypto Exchanges showed upward trend
Let me tell you how Crypto Exchanges went north. Because people were putting in more money. If Bitcoin appreciated in value, it is because people were buying it crazily valuing it at any crazy price they fathomed. It kept on increasing in value and people kept on putting in more money fueled by the advertisements they saw on the Internet, Television, and print media.
Doom of Economies like Pakistan and Srilanka
Srilankan and Pakistan economies are in huge debt, waiting at the doors of the International
Monetary Fund and other funding organizations not because of any internal economic issues. This is because their citizens and companies have lost billions of dollars in cryptocurrency. Not only these countries lost billions of dollars from their country, but a whole other underdeveloped and developing countries, who thought Crypto Currency would take them out of poverty. These are people who put their pension funds, life savings and money they saved for medical emergencies for themselves and for their loved ones. Poverty and illiteracy affect underdeveloped countries more than developed countries. If even American people lost their hard-earned money, what to say about these people, who lost their livelihoods and even their lives because of suicides and medical emergencies, which they could not afford?
Money lost in Trillions of dollars
There is no proper estimate of how many trillions of dollars were lost by innocent people across the globe, who flocked these exchanges like flies flocking the fire. But it is certainly above the estimate of two trillion dollars shown officially. People invested trillions of dollars in it. They do not depreciate in value like money in Stock Markets. Let's say, Person A bought a Bit Coin for 10 dollars and people thought it appreciated in value and bought it from Person A for 100 dollars. So Person A should have made a profit of 90 dollars. Where is that Person A, when everyone lost Trillions of Dollars? Bank Friedman doesn't have that money. No Crypto Exchanges have money. Who has that money?
Masterminds behind this attack
Tiruvannamalai, which is located in Tamil Nadu state in India is a notorious place where there is an International Mafia (Brazilians) performing illegal activities like Child Pornography, Child Prostitution, Drug dealing, and Money Laundering with the help of local residents. They are the masterminds behind this scam, which resulted in the fall of nations. They promoted Cryptocurrencies by anonymously buying useless NFTs for millions of dollars. Having done that, they anonymously pumped up the price of Cryptocurrencies in exchanges and sold them, eventually making a kill worth Trillions of dollars.
Crime against humanity
It is an attack against humanity, which resulted in mass migration from across the world, poverty taking over Pakistan, and many other poor countries’ citizens losing their lives. The solace here is we can get back the money from them. Come to Tiruvannamalai, Tamil Nadu, India. Arrest these people and get back money worth Trillions of dollars either stacked in India or in accounts elsewhere across the Globe.
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