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Anybody: Bitcoin/Crypto?


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2018 Apr 5, 12:28pm   13,202 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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173   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.
174   Onvacation   2019 Jul 14, 10:36pm  

Newbie123 says
some people still have no idea what it is

They think it's digital gold.
175   WookieMan   2019 Jul 15, 5:07am  

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.
176   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.
177   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  

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.
179   Onvacation   2019 Jul 17, 1:20pm  

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.
180   Onvacation   2019 Jul 17, 1:57pm  

Newbie123 says
I expect the price to go parabolic.

Me too.
181   WookieMan   2019 Jul 17, 3:53pm  

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?
183   WookieMan   2019 Jul 17, 7:29pm  

WookieMan says
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?
184   Onvacation   2019 Jul 18, 9:50am  

Newbie123 says
benefits and features of bitcoin.

She said libra is not crypto. I agree.
185   Onvacation   2019 Jul 18, 9:57am  

Newbie123 says
You really seem very interested in the space and the crypto developments.

I enjoy a good trainwreck.
186   Onvacation   2019 Jul 18, 10:03am  

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  

Newbie123 says
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  

Newbie123 says
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  

Newbie123 says
What do you invest in?

Mutual funds, silver, and rare coins ( more of a hobby).
How much do you have in bitcoin?
190   Onvacation   2019 Jul 18, 10:18am  

Onvacation says
How much do you have in bitcoin?

In dollars or satoshis?
191   Onvacation   2019 Jul 18, 10:36am  

Onvacation says
Onvacation says
How much do you have in bitcoin?

In dollars or satoshis?
192   Onvacation   2019 Jul 18, 3:08pm  

Newbie123 says
Won’t answer

Newbie123 says
No answer
193   Onvacation   2019 Jul 18, 3:11pm  

Newbie123 says
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  

Why are you still engaging? I blocked that oddball . His input is useless
195   WookieMan   2019 Jul 18, 6:05pm  

Newbie123 says
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  

Onvacation says
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.
197   RWSGFY   2019 Oct 26, 5:01pm  

Newbie123 says
Dang, it’s been three month since I posted here.


Why?
198   Onvacation   2019 Oct 27, 8:32am  

Newbie123 says
once bitcoin hits another all time high

When? It is less than half its all time high right now.

"Bitcoin’s path towards $1 million
On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.

He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 92.5 percent behind being on track. Bitcoin‘s price should have been $124,152 by now, according to dickline.info."

Do you think McAfee will actually eat his own dick? Or is it just a euphemism?
199   mell   2019 Oct 27, 9:23am  

There's absolutely no info given as to why it should rise. It's all pure speculation. Not saying it's worthless either as supply is constrained but there's no real price discovery possible. It's here to stay but new highs are highly questionable. Seems more like a casino bet. If you get the swings right you can certainly make some.
200   WookieMan   2019 Nov 21, 8:32pm  

Newbie123 says
I think there will be more activity once big daddy hits a new ATH. Being the only commenter gets boring quickly ;) talk to you all in a few months!

Bouncing down......
201   RWSGFY   2019 Nov 21, 8:44pm  

WookieMan says
Newbie123 says
I think there will be more activity once big daddy hits a new ATH. Being the only commenter gets boring quickly ;) talk to you all in a few months!

Bouncing down......


TIME TO LOAD UP!
202   mell   2019 Nov 21, 8:50pm  

Lol this run is over for a while.
203   RWSGFY   2019 Nov 21, 11:04pm  

mell says
Lol this run is over for a while.


You're bitter because you don't understand the technology!
204   RWSGFY   2020 Feb 14, 6:23pm  

Newbie123 says
Bitcoin looks pretty good. The halving is coming up. We'll see where we at six month from now.


Still no screenshots? Get lost then.
205   RWSGFY   2020 Feb 14, 6:29pm  

Newbie123 says
happy to post some screenshots of my Altcoins and Bitcoins....but let me sell them first and show you what I made and what my cost basis was.


Translation: this fucker ^^^^ hasn't made a single red penny from the shit he's peddling, LOL.
206   Onvacation   2020 Feb 14, 7:39pm  

Newbie123 says
But this isnt a get rich quick thing.

Yep.
It's a greater fool thing.
207   just_passing_through   2020 Feb 14, 9:58pm  

Was wondering where she's been.
208   Onvacation   2020 Jul 28, 5:43am  

Bitcoin, like all fiat currencies is only worth anything because people are willing to pay for it. But bitcoin is not a currency which is defined as, "Money in any form when in actual use as a medium of exchange, especially circulating paper money."

Bitcoin doesn't circulate. It is created and maintained by an extremely expensive process of a ledger that contains information on who is the "owner" of the bits. It will never be a valid currency as it cannot be easily exchanged and will always have a transfer fee.

There are a lot of ignorant people who think they own the "new gold" and a small group of people that actually make money off of these fools.

If you don't know who the fool is in this system of artificial scarcity, it might be you.

HODLZ
209   Eric Holder   2020 Jul 28, 8:20am  

Newbie123 says
all the predictions by the bitcoin-haters and no-coiners that Bitcoin will go to zero


Links or GTFO.
210   Eric Holder   2020 Jul 30, 6:23pm  

Newbie123 says
Eric Holder says
Newbie123 says
all the predictions by the bitcoin-haters and no-coiners that Bitcoin will go to zero


Links or GTFO.


Lol.
The no-coiners/bitcoin haters are getting aggressive. Seems like they don’t like BTC over 11k :)


So no links? Thought so.
211   FortwayeAsFuckJoeBiden   2020 Jul 30, 6:28pm  

I’ve just been buying stocks.

I don’t invest into things I don’t understand, and I really don’t understand crypto currencies.
212   RWSGFY   2020 Jul 30, 10:00pm  

Newbie123 says
all the predictions by the bitcoin-haters and no-coiners that Bitcoin will go to zero
Newbie123 says
Eric Holder says
Newbie123 says
Eric Holder says
Newbie123 says
all the predictions by the bitcoin-haters and no-coiners that Bitcoin will go to zero


Links or GTFO.


Lol.
The no-coiners/bitcoin haters are getting aggressive. Seems like they don’t like BTC over 11k :)


So no links? Thought so.


Links to what? Showing that bitcoin is at 11k? Can’t you google that?


No. Reading is fundamental.

It's right there at the top of the post. But I have no problem copying it once again here: "all the predictions by the bitcoin-haters and no-coiners that Bitcoin will go to zero".

So, where are the links to said predictions?

PS. GTFO is always an option and frankly, you should take it and stop embarrasing yourself.

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