patrick.net

Yeah, this very young dude should post some screen shots if he wants any cred.

I don't own any gold I just like to see his reaction. TL;DR but I do skim. I keep seeing 'fomo' go by. I think THAT is why he's so gung ho on bitcoin right now. Projecting.

Guys like me who are nearly a multimillionaire, 40s and still bang hot early 30s here in San Diefuckingeggo don't get fomo from guys like you. From what I see posted on here by other guys who don't seem to be to eager to impress is that I'm the poor-man. I seriously doubt any of them has fomo. So you're projecting.

Other option: No different than some yahoo stock message board corntrollio.

Newbie123 says

You won’t have to call it a pump and dump. On the other hand you are probably not going to pull a 20x like me with bitcoin.

I'll gladly take my $10k a day revenue from my business. That I don't have to do anything for. You're a math whiz and crypto numbers guy and can figure out margins on what I make. I do far better daily than I'd ever do with bitcoin (aka you).

I checked it out (it was a pain), made a tiny amount (I think like $300, killed the account otherwise I'd post a screenshot) and researched it more and learned I'd get fucked if I got into it more. I lost nothing. If anything it was a hard decision because of the tiny gain thinking maybe I could trade this crap, but the risk wasn't worth it for someone that doesn't need the risk. I have security. This was in '17, so long time ago at this point.

You've got to understand that 99.9% of planet can make money other ways. Some of them can make a lot of money. They can do this all without worrying on Sunday night if a market crashes they'll lose a bunch of their wealth. Or that the US gov could secretly get in the business of mining BTC and make it go to zero in probably 30 days time (or many other governments). Trade away, but I know you're going around site to site and posting links/videos thinking it will make a difference because you're holding coins from the $19k peak.

Newbie123 says

He is so bored that he comments on all bitcoin related posts

And others. You're here to pump and that's it.

Newbie123 says

“this is my last post

Never said this.

Newbie123 says

those that get easily angered, actually lost money on bitcoin,

Not angry and haven't lost. Really trying to have an intelligent conversation with you. I don't think it's possible for obvious reasons.

Newbie123 says

And he needs to tell everyone over and over how great he is in real life (low self esteem?)

High self esteem. Very proud of myself honestly. Insecure much?

Newbie123 says

we believe you every word.

Said no one to you....

Newbie123 says

fight the Fomo

Word!

Newbie123 says

Sure, everyone on the internet is a multimillionaire if she/he/it wants to....yawn!

I'm not the one posting claims about getting rich am I? Besides a couple of million ain't nothing on the left coast. I see you are unwilling to post any screen shots.

Onvacation says

Newbie123 says

fight the Fomo

Word!

The fomo is strong in this one.

Newbie123 says

What what be a reason to post a screenshot?

Yeah, and your “I am a millionaire” is just cheap trash to me, it doesn’t take anything to do. Any moron can post that stuff. Who are you trying to impress?

I am traveling for the 4th of July. How about this. You post a screen shot proving how you're going to be rich. When I get back I'll look up the hard copy of my net worth the last mortgage broker I worked with created. They under shot by quite a bit but it'll be plenty. I'll obviously mask any personally identifiable information but will take a picture alongside a patnet bumper sticker I have.

But I know you won't do it...

Newbie123 says

You cant have fear of missing out if you are already invested in it.

Your fomo is WHY you're invested in it. Yet you're insecure and post on here looking for validation. Subconsciously you're scared you're going to lose it all again. Just. Like. Last time.

I remember when my co-worker millenials were doing this shit last time. It started to go down. I asked a few of them about it.

"Oh it does this every year this time of the season"

"Oh it's just due to Chinese NY"

"Trust us, we know what we're doing. We're experts"

Their faces when through the typical steps of loss until recently. Denial, rage, acceptance. All that shit. You're no different.

Anyone around here remember what happened to gold during the 2008 crash? It went DOWN although it did go back up. It went down because people holding it had to sell to pay off other obligations/bad bets.

I wouldn't think crypto would be any different.

I'm mostly in cash and real estate right now waiting to get deals in the next crash. I think it's already started and is being forced by pensions. Those assholes need 7.5% returns and have moved into risky assets to get it. Not to mention all of the other potential triggers. The stock market IS pension funds (and buy backs) right now. That crash and quick turn around last December: driven by pension funds.

The way the buy/sell works for pension funds isn't like typical ETFs or manage equities. The former is like an electrical circuit, 100% on or off, where the later is more like plumbing with valves that manage the pressure better, people are trained to 'start taking profits', etc.,.

just_dregalicious says

I'm mostly in cash and real estate right now waiting to get deals in the next crash. I think it's already started and is being forced by pensions. Those assholes need 7.5% returns and have moved into risky assets to get it. Not to mention all of the other potential triggers. The stock market IS pension funds (and buy backs) right now. That crash and quick turn around last December: driven by pension funds.

jd - what are you doing? Giving a basic reason why you're investing in a certain way? That's not what this thread is for. It's for random links from crap sources, FOMO, parabola's and don't forget the moon.

Newbie123 says

just protect your investment with a stop loss

Thank you Einstein for basic 8th grade information. Using words and phrases that you think "make" you look smart, actually don't. I've explained what a stop loss is to my 8 year old and he probably understands it more than you.

You've been directly confronted by I think 3-4 users now asking you to prove what you do. Put up or shut up at this point. You turtle and deflect to something else every time someone asks you. I expect no less this time. It's also okay to admit you lied about your investment and just move on. No one will think any less of you than they already do.

Newbie123 says

Interesting! “bitcoin has been profitable 98% of the days since creation”

You understand what a currency is, right?

WookieMan says

You understand what a currency is, right?

Crypto is currency of uncertain value that requires a fee if you want to exchange it for goods or services.
just_dregalicious says

Anyone around here remember what happened to gold during the 2008 crash? It went DOWN although it did go back up. It went down because people holding it had to sell to pay off other obligations/bad bets.

I wouldn't think crypto would be any different.

Crypto isn't gold either. Gold has intrinsic value bitcoin has fomo mofos.

Newbie123 says

I am good with calling bitcoin: digital gold. Let’s

Why?
What do bitcoin and gold have in common?

Gold is worth the value of a gold band. Nothing more.

Onvacation says

Crypto is currency of uncertain value that requires a fee if you want to exchange it for goods or services.

Yup. And therein lies the fatal flaw. It's failing at its intended purpose on a level never before seen. People are "investing" in a failed experiment and they just don't know it yet. It's scary and kind of funny at the same time.

Unfortunately it's wasting WAY too much capital on crap instead of productive things. When the dust settles on this period, the money is just gone. Could have gone to things that did something for anybody. Sort of sad.

Newbie123 says

Guys, What’s the difference between Bitcoin and NASA?

What's the difference between you and helmut: https://finance.yahoo.com/quote/TROV/community?p=TROV

One creates tons of productive jobs that create new technology that benefits society as a whole for the most part. Those employees then spend money and help make other people money and successful. You know what they do and who does it. The person in charge. You know what their budget is. You know where it's located. You can actually go watch a launch. See physical productivity in action.

The other is taking money and flushing it down a toilet....

Not sure where you're going with this, but NASA has created FAR more wealth and production that have improved people's lives. It's one of the most successful government programs in the history of the world in advancing technology. It's not perfect, but has done exponentially more good than bitcoin. Bitcoin is a game played by a few rich guys that are screwing over the regular folks that bought into it being some futuristic thing. It's not.

Are you not helmut? You didn't answer that question.

Newbie123 says

Guys, What’s the difference between Bitcoin and NASA?

Ones been to the moon the other one is stuck in gravity.

I answered your question. Answer mine .
Onvacation says

Newbie123 says

making a killing with bitcoin.

So how much have you made?

How much do you dollar cost average into crypto and how often?

What percentage of your income goes into crypto?

What range of percentage (cryptos fluctuate wildly) of your net worth is in crypto?

What is the real (intrinsic) value of crypto?

You would gain credibility if you would answer any of these questions.

At least answer one of the questions put to you.

Newbie123 says

Ok. Percentage of net worth in crypto based on portfolio value today is 5%.

5% of what? $3k?

If I was as certain as you are that bitcoin is going to appreciate so dramatically, I would have a much much larger percentage of my assets invested in it.

PaisleyPattern says

If I was as certain as you are that bitcoin is going to appreciate so dramatically, I would have a much much larger percentage of my assets invested in it.

The difference on 5% or 50% of $3k isn't gonna make that much of a difference. It can go to Uranus and he'll still be broke. It's why we haven't seen a screen shot. He's also trying to move over to the other thread now where he's gotten less pushback.

Newbie123 says

Here one more.
How much did it cost to invent bitcoin?

Anyone want to take a guess?

Who cares? It makes no difference at the end of the day except for the few people holding most of the coins. The guys pulling the puppet strings on the common losers that think bitcoin is something of value.

Crap. More crap.

Newbie123 says

More and more companies want to be part of cryptocurrency future.

Why?

Newbie123 says

Bitcoin prices might be sluggish

How much did you lose?

Newbie123 says

I am a long term BTC holder. I have no interest in selling anytime soon.

HODLer?

Newbie123 says

. I can see the price to be at like 50-100k in the next couple of years.

Why?

Bitcoin has no intrinsic value.

Newbie123 says

Major tech companies like Facebook are entering the space.

Just because you create some shopping tokens (libra) doesn't make it blockchain.

No CEO? No address? Wtf does that matter? The US gov could spend a couple billion on mining and destroy bitcoin in 30 days. You understand that, right? They can make it illegal to have it. (I know, I know, don’t use exchanges even though you do) Our government has made plants illegal. They can call your numbers illegal tomorrow and the fiat $ value would plummet.

Newbie123 says

some people still have no idea what it is

They think it's digital gold.

Newbie123 says

You would need to research your statements. They are all incorrect. You cannot stop/destroy a truly decentralized cryptocurrency like bitcoin

You might want to get a balanced view on things you really don’t understand. It’s not all pumping.

https://learncryptography.com/cryptocurrency/51-attack

And no one ever said destroy. It exists. Hard to destroy things that already exist. Just like you can still find beanie babies. Even if it’s $100 (lol, dollars) a coin it still would have wiped out most people holding. So yes, pretty much worthless.

And as long as US law enforcement has warrants to search your home and computer, they can do whatever they want. They make it illegal to have crypto, your “currency” plummets to what is mathematically nothing compared to current values even if they only search 100 known bitcoin holders. No business would accept bitcoin also smashing the value. No public exchanges.

You’re naive to think a larger government can’t influence or destroy the “price” of bitcoin.

I don’t like to do this as it’s about a user but I think it’s important for anyone watching this or the other crypto thread, whether regular users or lurkers. I think the behavior and his comments are dangerous. Mods can erase it but I’m only referencing what this person has made public themselves.

Newbie made an AWFUL call back in Dec 2017 during the run up and then disappeared for almost two years. Now comes back pumping BTC again. Do NOT listen or take any of his advice. You WILL lose money. He most certainly lost a shitload if his past comments are to be taken truthfully. Don’t know his motive for posting here but it’s pure pumping/pushing garbage. Read through the history yourself before he deletes it (got screenshots though, so this could get funny).

Obviously never listen to anyone on an Internet forum, but there have been good calls made by some intelligent people here (on other threads). Just avoid this one.

Going to try to avoid these threads myself so they’re not pushed to the top, but will still call out bs when I see it. Anyone that admits living in an in-laws stating they make 6 figures is, well, I guess I don’t need to say anything else.

Crickets on your call from ‘17. Lol. You’re a house cards buddy. Keep spamming the site.

Newbie123 says

;)

Not the same.

Dollar is backed by full faith and credit of the entire country. Bitcoin is made up thing that contributes to global warming and is backed by nothing.

So yeah, besides didn't you lose your 20k already.

Newbie123 says

decentralized cryptocurrency?

Bitcoin has hornswoggled a lot of people. They call it "digital gold" that has to be "mined". It takes up a lot of resources to "create" and you end up with a passkey on a flash drive.

They call it a currency but it costs fees to use. It's price fluctuates so wildly that it is hard to calculate exchange rates. And it is slow compared to REAL currency or credit cards.

Some people are making money from the fools who are "investing" and "HODL". I suspect they (the fools) will still be holding after it has become clear to most people that there is no real value in a collection of 0s and 1s that need vast amounts of computing power to maintain while not working as a currency.

Newbie123 says

I expect the price to go parabolic.

Me too.

Newbie123 says

https://finance.yahoo.com/amphtml/news/congressmen-bitcoin-unstoppable-libra-not-160423528.html

“Congressman: bitcoin is unstoppable”

I agree, how do you stop a decentralized cryptocurrency? The only way would be to shut down the internet.....as if that will happen anytime soon. :)

51% attack. Explain HOW it CANNOT happen?

LOL
Onvacation says