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Eight Inconvenient TRUTHS About BITCOIN and Other CRYPTOCURRENCIES



The problem with most cryptocurrency investors is that they treat the cryptocurrency craze like religion. They never listen to the inconvenient truth. Below are some realities of cryptocurrencies which the enthusiasts find hard to swallow;

Cryptocurrency is backed by nothing and its price can be anything between zero and infinity. This results in extreme price volatility. You need nerves of steel to trade in something like that.

Cryptocurrency is not regulated by anyone and in case of loss there is no recourse in law or anywhere else. There is no one in charge. Nobody can manage the chaos in that space. It is a technical madhouse in which order cannot be enforced.

Cryptocurrency investment and trading carries such high risks that it cannot be differentiated from gambling. Such trading is highly speculative and carries massive risks because there are no circuit breaking mechanisms during times of high volatility.

Cryptocurrency trading uses computers and exposes the traders to risks of hacking. Your entire holding can disappear in a flash.

There is a lot which is unknown about cryptocurrencies. As such, a lot of scammers have built their business around these virtual currencies. It is hard to tell what is fake and what is real. It is impossible to tell what will last and what will fade away soon.



Investing in cryptocurrencies is an investment in hope. The future of cryptocurrencies remains shaky. The jury is still out there as to whether this is the greatest financial scam in history or whether it is the ultimate investment miracle.

The idea that a person can create money using a computer sounds too good to be true. If something is too good to be true it probably isn’t true. The cryptocurrency fantasy is impressive but not convincing.

The anonymity of cryptocurrency trading makes it susceptible to criminal activities. As such, risks of regulatory crackdowns will always be there. Such a crackdown can easily render your investment useless as cashing out could be outlawed.

Always bear these things in mind before taking a plunge. Also remember the risks of gambling such as addiction and emotional intoxication. Something this speculative can be addictive and enslaving.

Before trading in cryptocurrencies, it is better to trade is in less risky assets in order to appreciate how such trading works especially with respect to the cyclical nature of markets.

© Ephraim Njega

 

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TransAsia crash: Dashcam Video Shows the Crashing of Taiwan Passenger Plane into Taiwan River where 23 are dead, 15 injured, 20 Missing

TransAsia crash: Dashcam Video Shows the Crashing of Taiwan Passenger Plane into Taiwan River where 19 are dead, 15 injured, 24 awaiting rescue

These images were captured as the plane careered over an elevated road

 

UPDATE: According to Taiwan official News Agency CNA, at least 23 people are feared dead, 15 injured, 20 missing after a TransAsia Airways plane clipped a bridge and crashed into a river near the Taiwanese capital, Taipei.

The plane was carrying five crew and 53 passengers, including 31 tourists from the south-eastern Chinese city of Xiamen.

 

Below is a Dashcam footage showing how the Taiwan plane crashed!

 

 

AFP reports on the Taiwan passenger Plane crash

 

 

IMAGES from the crash-site [By BBC]

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Rescuers believe several people are trapped near the head of the plane

 

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Rescuers believe several people are trapped near the head of the plane

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The military is helping in the rescue effort

 

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An injured passenger is escorted up the river bank by one of the rescue workers

 

Google map showing the crash site

 

Search and rescue effort continues.

 
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Posted by on February 4, 2015 in Global News

 

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Female Cop in Puerto Rico Suspended for Sharing on Social Media her X-rated Photos while Pleasuring Herself in Uniform at Police Station!

Female Cop in Puerto Rico Suspended for Sharing on Social Media her X-rated Photos while Pleasuring Herself in Uniform at Police Station!

X-rated: Cynthia Marrero Pomales has been suspended over these snaps

By Jon Livesey

Puerto Rico: Cynthia Marrero Pomales has been suspended after allegedly letting a male colleague take the photos which were then shared on social media

 

A female police officer has been suspended amid claims she let a male colleague take X-rated photographs as she pleasured herself in uniform at her station.

The alleged incident came to light when the images were leaked to fellow officers and shared on social media, leading to them going viral in Puerto Rico.

Senior officers on the Caribbean island quickly identified the officer in the snaps as Cynthia Marrero Pomales, 29, who is based in the town of Carolina.

Female Cop in Puerto Rico Suspended for Sharing on Social Media her X-rated Photos while Pleasuring Herself in Uniform at Police Station!

Investigation: Officer Pomales has been suspended over the photos

 

One picture also shows her with a US flag draped over her body.

The officer was immediately suspended over allegations she had offended the honour of the police force and damaged its reputation in public.

According to reports in Puerto Rico, she has been interviewed and given a statement, although no details have been provided to local media.

It is thought that Officer Pomales uploaded the images herself.

However, it is understood that she had not intended for them to be seen outside of a small, private circle of friends.

Female Cop in Puerto Rico Suspended for Sharing on Social Media her X-rated Photos while Pleasuring Herself in Uniform at Police Station!

Scene: Officer Pomales is alleged to have been in the police station when the photos were taken

Superintendent Jose Luis Caldero Lopez has confirmed the authenticity of the photos and that Officer Pomales has been suspended.

It is not the first time a sex scandal has disgraced police in Puerto Rico.

In 2014, two officers were sacked over pictures showing them engaging in a sex act inside the Presidential palace.

 

PHOTOS: By CEN

 
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Posted by on January 28, 2015 in Global News

 

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