By Ray Blanco
This post Incredible New Cryptocurrency — Introducing BlancoCoin! appeared first on Daily Reckoning.
Get in now, folks. This one’s hot and moving fast!
For a limited time… you can buy the newest, rarest, most sought-after cryptocurrency to hit the markets since at least 20 minutes ago.
That’s right.
I’m proud to present, finally, after literally minutes of thought and hard work… BlancoCoin!
There are only four in existence.
Three I’m keeping for myself.
The other one I’m ready to break into 4.2 million equally sized pieces and sell to you.
Now, here’s the thing. There’s no set price.
Yes, all 4.2 million units of the ONE BlancoCoin I’m selling today will go to the highest bidder.
Call now. Or… use our kind-of secure and completely incomprehensible trading platform!
It’s OK if you don’t understand it.
What counts is you show everyone how smart, innovative and outside-the-box you are and just blindly buy BlancoCoin now and bid it up to the sky.
Remember, trying to spend BlancoCoin is pointless. It’s an investment in your future!
It’s a Farce!
Hi, this is the REAL Ray Blanco.
What you just read above is preposterous nonsense. We both know it.
But sadly, that’s how the cryptocurrency story’s playing out right now. It’s a farce.
Lots of good folks are throwing their hard-earned money after cryptocurrencies.
As a tech researcher and writer, I’ve seen this before. Internet stocks. 3-D printing stocks. Virtual reality. Immunotherapy.
You can ride frenzy for huge gains, sure. Huge gains, after all, come from all kinds of ideas.
Just like my readers could (right now) be up 731% on a driverless tech play, 208% on an off-the-radar chipmaker, 218% on a breakthrough pharma company, 296% on a life-extension tech company… I mean, the list goes on.
The thing is… those aren’t “fundraising events,” which is what most of the cryptocurrency market boils down to.
The gains I list above are from real things, products, sales and deliverables.
The cryptocurrency game doesn’t work like that. If it’s new, it’s hot. If it’s complicated, people want it more. Here’s what I mean…
You know what an IPO is, right?
It stands for “initial public offering.”
That’s when companies go public, big banks make tons of money and regular folks get their butts kicked and lose money.
If you like those, you’re going to love ICOs. Those are “initial coin offerings.”
An ICO is essentially the same as an IPO but for cryptocurrencies!
Now you can get you butt handed to you and lose a bunch of money WITHOUT big banks being involved.
Now, here’s the “best part.” You can invest in an ICO without there being a real, live cryptocurrency behind it.
You know who makes all the money in that case? The people behind the ICO, that’s who.
Not you. Want to make real money? Launch your own cryptocurrency.
My point: Cryptocurrencies are a vomit comet of volatility.
Volatility’s fine. It’s your friend if you know how to use it in your favor when you trade.
But volatile markets driven by speculation and a “get rich quick” approach are recipes for disaster.
Please — Keep Your Head as Those Around You Lose Theirs
That’s the thing …read more
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The post Incredible New Cryptocurrency — Introducing BlancoCoin! appeared first on Junior Mining Analyst.