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Is CHIA a Crypto Scam for $100 Billion Stock IPO? STOP Farming / Plotting CHIA NOW!

Currencies / Crypto Mining May 31, 2021 - 01:30 PM GMT

By: Nadeem_Walayat

Currencies

CHIA the so called GREEN crypto that is fast gobbling up all available hard disk storage space with many hundreds of thousands busily farming away 100gb plots in attempts to win the elusive CHIA coins that has in the past couple of weeks commanded prices as high as $1600 per coin so very enticing to sucker in many crypto enthusiasts into it's event horizon including me! Though I soon realised after a weeks farming / plotting that the chances of winning were virtually ZERO, so I stopped plotting Chia on the 14th of May which is where my plot count has remained static at 142 or 14tb of storage used as the maths does not stack up! Furthermore 2 weeks on my decision to stop farming proved correct as the ponzi game that CHIA is has become apparent, one of a mass of unfarmed Chia coins that will go into an IPO, CHIA INC, so as to get the fools on Wall Street to plow upwards of $100 billion into in valuation terms thus allowing the CHIA insiders to cash out with billions all without selling a single CHIA coin!

Meanwhile the suckers, that's you are expected to keep expanding that network space so that the CHIA IPO can carry the greatest value. Anyone who feeds the network space with their hard drives is a fool who has fallen prey to the CHIA Crypto scam that I am sure in years to will come to be investigated by the likes of 60 minutes and Panorama in the UK.


At least now you KNOW and thus cannot say I did NOT WARN YOU ALL!

Is CHIA a Crypto Scam for $100 Billion Stock IPO? STOP Farming / Plotting CHIA NOW!

For GPU mining check out Nicehash

For managing your crypto's see Coinbase

For crypto trading and investing see Binance (includes 10% discount on trading fees)

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As for a what I consider to be a good GPU for mining then go for the Asus TUF Gaming O/C, though of course there is the stock issue. ASUS NVIDIA GeForce RTX 3080 TUF GAMING 10GB UK https://amzn.to/3om3kFP US https://amzn.to/2LalewD (amazon affiliate links)

My latest extensive analysis that concludes in my latest biotech stocks with the potential to X10 over the coming years Five More Small Cap Bio and Tech Stocks to Invest for 2021 and Beyond! has first been made available to Patrons who support my work.

Topics Include:

  • Invest and Forget
  • Stock Market Early Summer Correction Review
  • AI Stocks Strength vs Weakness
  • RAMPANT MONEY PRINTING INFLATION BIG PICTURE!
  • HIGH RISK STOCK BUYING LEVELS
  • RISK RATINGS
  • WESTERN DIGITAL - WDC $71 - CHIA! - Risk 1
  • Life Sciences Biotech Smaller Cap High Risk Stocks Investing Binge
  • Biotech stock 1 - Cheap Low Risk Pharma - Risk 1
  • Biotech stock 2 - HIGH RISK GENE EDITING - Risk 9
  • Biotech stock 3 - Low Risk 2
  • Biotech stock 4 - X10 for Max Risk 10
  • High Risk Stocks Portfolio Buying Levels
  • Covid India Black Mold Epidemic
  • Bitcoin and Raven Coin Buying Levels

So for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.

My analysis schedule includes:

  • Bitcoin Trend Forecast - 50% done
  • More X10 Biotech Tech Stocks - 40% done
  • UK House Prices Trend Analysis - 10% done
  • How to Get Rich! - 70% done
  • US Dollar and British Pound analysis
  • Gold and SIlver Price Analysis
Again for immediate access to all my work do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.

And ensure you are subscribed to my ALWAYS FREE newsletter for my next in-depth analysis.

Your analyst investing in biotech stocks.

Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2021 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 35 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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