Cryptocurrency house of cards collapse accelerates… Five new Health Ranger podcasts school the deluded in economic reality
09/14/2017 // Mike Adams // Views

The Bitcoin house of cards continues to collapse at an accelerating rate, now plunging from nearly $5000 to about $3200, wiping out more than $23 billion in "assets" that foolish people deluded themselves into thinking was real.

As explained on Zero Hedge via iBankCoin.com (which has been zealously pro-Bitcoin, for the most part):

Let's review the extent of the carnage inside of the dark, cavernous catacombs of the ICO world -- a place where outright scam artists get rich by tricking people into believing their 'coin' will make them rich. This has never been about preserving value, supplanting fiat, but promoting a bubble that is backed by venture capitalists.

Let me repeat that for you thick brained f##k-sticks who think that by purchasing ETH or BTC you're 'sticking it to the man.'

Remember Uncle Fred Wilson, the man behind Twitter, Etsy, Zinga, and a slew of failed IPOs? Fred's been involved in Coinbase and the blockchain since 2011. After Fred got in, his whole cadre of followers and sycophants followed suit. As of today, the industry is teeming with vultures looking to continue this Ponzi scheme -- thrusted ahead by lunatics like John McAfee.

Here are some of the losers over the past 24hrs

Bitcoin -16%, $54b mkt cap

Ethereum -16.5%, $21.7b mkt cap

Ripple -13%, $6.7b mkt cap

BitCoin Cash -20% $6.7b mkt cap

Litecoin -25%, $2.5b mkt cap

You get the gist. We're talking -30% to -60% moves over the past 7 days.

I hate to see anyone lose money -- but these people truly deserve to. They're buying 'coins' with zero voting rights, zero regulations, zero oversight, zero compliance other than Github and Reddit peer review, and zero ownership in the companies they're investing in. These ICOs are the 'essence' of the company and mean nothing.

Brighteon.TV

The Reddit forums, as you would expect, are filled with people on suicide tilt, and true believers with confirmation bias who're trying to say this pullback and China ban is a 'good thing.'

Bitcoin "dreamers" on suicide watch

According to various reports across the web, Bitcoin "dreamers" are practically on suicide watch at this point. Their stupid dreams of endless, perpetual money from nothing appear to be shattering. All these people who thought they were so brilliant that none of them would ever have to work again are coming to realize they're just as stupid and foolish as their parents and grandparents who fell for the dot-com bubble, the housing bubble and every other senseless bubble that came before. (Because no, it really isn't different this time, get it?)

Bitcoin is a Ponzi scheme. It's a pyramid scheme that preys on people's greed to part them from their money. To understand why, listen to my five most recent Bitcoin podcasts, below, and then read BitRAPED.com or BitcoinCrash.news:

https://vimeo.com/233897492?autoplay=1

https://vimeo.com/233893167?autoplay=1

https://vimeo.com/233894852?autoplay=1

https://vimeo.com/232728998

https://vimeo.com/231594458

Plus, here's my studio video warning from three months ago, which foresaw everything that's happening right now with Bitcoin:

https://vimeo.com/221839103

 

 

 

 

 

Mike Adams (aka the "Health Ranger") is the founding editor of NaturalNews.com, a best selling author (#1 best selling science book on Amazon.com called "Food Forensics"), an environmental scientist, a patent holder for a cesium radioactive isotope elimination invention, a multiple award winner for outstanding journalism, a science news publisher and influential commentator on topics ranging from science and medicine to culture and politics.

Mike Adams also serves as the lab science director of an internationally accredited (ISO 17025) analytical laboratory known as CWC Labs. There, he was awarded a Certificate of Excellence for achieving extremely high accuracy in the analysis of toxic elements in unknown water samples using ICP-MS instrumentation.

In his laboratory research, Adams has made numerous food safety breakthroughs such as revealing rice protein products imported from Asia to be contaminated with toxic heavy metals like lead, cadmium and tungsten. Adams was the first food science researcher to document high levels of tungsten in superfoods. He also discovered over 11 ppm lead in imported mangosteen powder, and led an industry-wide voluntary agreement to limit heavy metals in rice protein products.

Adams has also helped defend the rights of home gardeners and protect the medical freedom rights of parents. Adams is widely recognized to have made a remarkable global impact on issues like GMOs, vaccines, nutrition therapies, human consciousness.



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