Wednesday, January 17, 2018

Nouriel Roubini slams Bitcoin and Gold

"At a typical Bitcoin exchange BTC is sold at a price 2% higher than market rates; then they charge u another 2.5% as a purchase fee; then they charge u another 5% as a credit card transaction fee. So total fees are 9.5%. So much for cryptos reducing transaction costs to 0%. Scam!"

"Gold is another scam with scammers peddling it all day long on Fox TV commercials to clueless retails investors - granpas & granpas -  & charging them prices above market + gouging fees.  And now all the fanatic lunatic gold bugs have become Bitcoin bugs. Gold & BTC: two scams."

via twitter