Alright, the Nimses exchange is somehow connected to cryptocurrencies, but how is the global brand Tesla involved here? And what manipulations with finances are being discussed? These three names: Nimses, Bitcoin, Tesla, are united by one and the same factor. In terms of structure and interaction on the global market – these are three equally functioning financial pyramids. Their task is to extract money from the residents of the planet. And all three directions successfully perform their designated functions.
Nimses Exchange Cryptocurrency Platform
Exactly 2 years ago, in February 2018, the new startup Nimses announced itself to the world. The company proposed a symbiosis of cryptocurrency and social network, where 1 NIM was equivalent to 1 minute of a user’s presence online. Nimses even linked to the US dollar (1000 to 1). The public rushed to the exchange (more than a million participants registered). Developers launched applications. And everything, seemingly, should work like clockwork.
But there was a mishap. In Nimses, relying on multi-million dollar incomes, the financial model for converting NIMs within the network was built incorrectly. It is impossible to cash out digital currency into real money. And paying for goods or services with NIMs in stores is unprofitable. By the way, neither the buyer nor the seller benefits.
As a result, a financial pyramid was created where all rewards went to the developers. Network users spent their own time, and store owners spent both time and money on Nimses services.
Bitcoin and the Cryptocurrency Market
Bitcoin was an excellent earning method for miners until IT industry giants intervened in financial operations. Problems with Bitcoin arose after the American investment fund ARK Invest announced the rapid strengthening of the cryptocurrency’s rate in the coming years. Additionally, a price of at least 100,000 US dollars per Bitcoin was voiced for the end of 2020.
Starting from mid-2018, when digital currency attracted speculators, chaos began in the market. One half of the activists played on Bitcoin’s rate, while the other half engaged in mining. The rate was driven up to $20,000, then quickly dropped the digital coins into dollars and calmed down. Fluctuations occur two to three times a year. First, an invisible buyer starts purchasing the currency, then, after an 8-10% increase, digital capital quickly drains. There is no stability with Bitcoin, and it is unlikely to be foreseen.
Tesla and Elon Musk
The business of the American entrepreneur cannot be called unprofitable. Elon Musk confidently holds his position in the IT market, although he often faces failures. Everything was fine until the ARK Invest fund intervened. The same fund that prevented the Bitcoin ship from turning into controlled chaos. So, the fund officially announced to the world that Tesla’s shares would rise in price. With a huge margin of 1000%. At the moment of the announcement, one share was worth $420. According to ARK Invest, the target price should be $4,000–$7,000 per share.
And what happened? Hundreds of investors rushed to buy Tesla shares. The hype on Wall Street led to a significant increase in share value (a barrier of $1,000 was crossed). But financial analysts started to sound the alarm. For example, a Morgan Stanley representative estimated the share value at $360. A securities expert believes Elon Musk does not have the capital to support such a share price.
Therefore, Nimses, Bitcoin, Tesla are all financial bubbles for all residents of the planet at the beginning of the 21st century. And there are hundreds of such unstable companies worldwide, they are just not as popular as these.
And what should one invest in then, the reader might ask? We have repeatedly said that the most stable currency in the world, on which you can earn, is gold and other precious metals. Bank bars, jewelry, or coins – these are a stable and guaranteed source of income for decades.
