Anybody: Bitcoin/Crypto?
invite response
2018 Apr 5, 12:28pm 13,213 views 242 comments
by CJS ➕follow (0) 💰tip ignore
I'm heavy into the crypto game this year is any else?
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157
WookieMan
2019 Jul 1, 2:31pm
WookieMan
2019 Jul 1, 2:31pm
Onvacation says
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.
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.
158
just_passing_through
2019 Jul 1, 10:29pm
just_passing_through
2019 Jul 1, 10:29pm
Newbie123 says
What's the difference between you and helmut: https://finance.yahoo.com/quote/TROV/community?p=TROV
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
159
WookieMan
2019 Jul 2, 7:00am
WookieMan
2019 Jul 2, 7:00am
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.
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.
160
Onvacation
2019 Jul 2, 8:19am
Onvacation
2019 Jul 2, 8:19am
Newbie123 says
Ones been to the moon the other one is stuck in gravity.
Guys, What’s the difference between Bitcoin and NASA?
Ones been to the moon the other one is stuck in gravity.
161
Onvacation
2019 Jul 2, 8:27am
Onvacation
2019 Jul 2, 8:27am
I answered your question. Answer mine .
Onvacation says
Onvacation says
Newbie123 saysmaking 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.
163
WookieMan
2019 Jul 2, 10:29am
WookieMan
2019 Jul 2, 10:29am
Newbie123 says
5% of what? $3k?
Ok. Percentage of net worth in crypto based on portfolio value today is 5%.
5% of what? $3k?
164
PaisleyPattern
2019 Jul 2, 10:50am
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.
165
WookieMan
2019 Jul 3, 4:27am
WookieMan
2019 Jul 3, 4:27am
PaisleyPattern says
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.
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.
166
WookieMan
2019 Jul 3, 4:29am
WookieMan
2019 Jul 3, 4:29am
Newbie123 says
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.
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.
171
Onvacation
2019 Jul 14, 1:47pm
Onvacation
2019 Jul 14, 1:47pm
Newbie123 says
Why?
Bitcoin has no intrinsic value.
. I can see the price to be at like 50-100k in the next couple of years.
Why?
Bitcoin has no intrinsic value.
172
Onvacation
2019 Jul 14, 1:48pm
Onvacation
2019 Jul 14, 1:48pm
Newbie123 says
Just because you create some shopping tokens (libra) doesn't make it blockchain.
Major tech companies like Facebook are entering the space.
Just because you create some shopping tokens (libra) doesn't make it blockchain.
173
WookieMan
2019 Jul 14, 8:51pm
WookieMan
2019 Jul 14, 8:51pm
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.
175
WookieMan
2019 Jul 15, 5:07am
WookieMan
2019 Jul 15, 5:07am
Newbie123 says
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.
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.
176
WookieMan
2019 Jul 15, 6:12am
WookieMan
2019 Jul 15, 6:12am
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.
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.
177
WookieMan
2019 Jul 15, 12:28pm
WookieMan
2019 Jul 15, 12:28pm
Crickets on your call from ‘17. Lol. You’re a house cards buddy. Keep spamming the site.
178
FortWayneAsNancyPelosiHaircut
2019 Jul 17, 10:45am
FortWayneAsNancyPelosiHaircut
2019 Jul 17, 10:45am
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.
;)
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.
179
Onvacation
2019 Jul 17, 1:20pm
Onvacation
2019 Jul 17, 1:20pm
Newbie123 says
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.
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.
181
WookieMan
2019 Jul 17, 3:53pm
WookieMan
2019 Jul 17, 3:53pm
Newbie123 says
51% attack. Explain HOW it CANNOT happen?
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?
183
WookieMan
2019 Jul 17, 7:29pm
WookieMan
2019 Jul 17, 7:29pm
WookieMan says
Newbie123 sayshttps://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?
185
Onvacation
2019 Jul 18, 9:57am
Onvacation
2019 Jul 18, 9:57am
Newbie123 says
I enjoy a good trainwreck.
You really seem very interested in the space and the crypto developments.
I enjoy a good trainwreck.
186
Onvacation
2019 Jul 18, 10:03am
Onvacation
2019 Jul 18, 10:03am
Newbie123 says
No. Like I said before, some people will hold bitcoin no matter what. Ever hear the term HODL?Newbie123 says
Does that mean you think bitcoin is going to zero?
No. Like I said before, some people will hold bitcoin no matter what. Ever hear the term HODL?Newbie123 says
I don’t expect you to answer the questions. You never do.
187
Onvacation
2019 Jul 18, 10:08am
Onvacation
2019 Jul 18, 10:08am
Newbie123 says
Bitcoin has no intrinsic value and little extrinsic value beyond laundering money. The fanboys won't let it go to zero. There are still people holding out for $10k for their "rare" beeny baby.
So, you define it as a train wreck but you don’t think it will go to zero?
Bitcoin has no intrinsic value and little extrinsic value beyond laundering money. The fanboys won't let it go to zero. There are still people holding out for $10k for their "rare" beeny baby.
188
Onvacation
2019 Jul 18, 10:12am
Onvacation
2019 Jul 18, 10:12am
Newbie123 says
No.
It is a well thought out scam. They got the lingo associating it to gold. They set up artificial scarcity over decades.
Ultimately what is bitcoin but a string of 0s and 1s?
Are you sure train wreck is the right term for it then?
No.
It is a well thought out scam. They got the lingo associating it to gold. They set up artificial scarcity over decades.
Ultimately what is bitcoin but a string of 0s and 1s?
189
Onvacation
2019 Jul 18, 10:16am
Onvacation
2019 Jul 18, 10:16am
Newbie123 says
Mutual funds, silver, and rare coins ( more of a hobby).
How much do you have in bitcoin?
What do you invest in?
Mutual funds, silver, and rare coins ( more of a hobby).
How much do you have in bitcoin?
193
Onvacation
2019 Jul 18, 3:11pm
Onvacation
2019 Jul 18, 3:11pm
Newbie123 says
If you don't know who's getting scammed it might be you and the HODLers
How can it be a scam if nobody is actually scamming others?
If you don't know who's getting scammed it might be you and the HODLers
194
CBOEtrader
2019 Jul 18, 3:29pm
CBOEtrader
2019 Jul 18, 3:29pm
Why are you still engaging? I blocked that oddball . His input is useless
195
WookieMan
2019 Jul 18, 6:05pm
WookieMan
2019 Jul 18, 6:05pm
Newbie123 says
Awwww, can’t handle the truth. Good call in December of ‘17. Solution, ignore someone. lol.
Take the time man, I’ve got wrong shit I’ve posted on this site. Cool part is I’m a man and can admit when I’m wrong. (You can log back in now - lol)
I think you are right CBOtrader, I’ll set him on ignore and the wookie.
Awwww, can’t handle the truth. Good call in December of ‘17. Solution, ignore someone. lol.
Take the time man, I’ve got wrong shit I’ve posted on this site. Cool part is I’m a man and can admit when I’m wrong. (You can log back in now - lol)
196
MisdemeanorRebel
2019 Jul 18, 6:21pm
MisdemeanorRebel
2019 Jul 18, 6:21pm
Onvacation says
The transaction costs are obscene. Nor is it immune to government intervention/seizure or, increasingly, hackers:
https://www.theguardian.com/technology/2019/jul/12/tokyo-cryptocurrency-exchange-hack-bitpoint-bitcoin
And this wasn't the first multi-million hack of crypto.
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.
The transaction costs are obscene. Nor is it immune to government intervention/seizure or, increasingly, hackers:
https://www.theguardian.com/technology/2019/jul/12/tokyo-cryptocurrency-exchange-hack-bitpoint-bitcoin
And this wasn't the first multi-million hack of crypto.
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