patrick.net

Newbie123 says

Not surprising that this genius also claims bitcoin will die “go away”.

Why will it stay around?

Newbie123 says

“the cute threat”

Grown men don't use the word cute Mrs. Newbie.

Just a quick note, when that link about btc to 15k signaled by premium on tracking index fund came out many prob read it and bought in. Then the rug was pulled at what 13.5k all the way back down to 10k and something. This smells of pump and dump. The crypto awareness is def growing and it's here to stay but true price discovery is impossible and articles like these pump pieces don't make it look good if the rug is pulled like this just 10%-20 % before reaching the postulated target. Of course stocks are p & d as well every day. Still I wonder how many bought at 12k-13.5k and are now selling in disappointment cause they were front run.

Newbie123 says

a short squeeze happens

A short squeeze is when short sellers are forced to buy to stop their losses. You can't currently short BTC, so this couldn't be a short squeeze.

When you have your funds in your hardware wallet you are in control of the private keys. It’s stored offline. Not “attached” to the internet.

Even newbie investors know that you don’t leave your crypto on an exchange.

This is what you said in a previous comment above. So how can you short it then? CBOE wasn't wrong and he's talked about shorting this before. And you are wrong about shorting it outside the US, you'd have to put it on this exchange and take it out of your "hardware wallet" right? Can you even trade it without putting it on any exchange? I know the answer is yes, but I think you're too naive to understand why I ask this again. And which one do you trust to not steal your coins? Cause they will at some point. You're recommending putting a high risk asset on a high risk exchange after you said you keep yours (which none of us believe you have) on a hardware wallet.

And why is it BitMEX does not allow US customers? The country holding the most amount of $$$ that btc is tied to? Weird... figure there could be $$ to be made. And why does BitMex at the top of their site have a line about liquidating positions of persons they deem in violation of their completely BS terms of service agreement? Seems like a very safe place to do business, right? I guess at least they're honest you'll probably lose money.

One of the biggest problems I have with what you post is it's all pump and dump BS. You have not been ripped off yet, probably because you don't hold anything. Here are a few articles/papers against bitcoin. If you have a leg to stand on, defend why they are wrong and not just post gay videos like a 16 year old chilling in your gay dad's basement. Otherwise you're just a pump and dump hack spamming this site.

Page 8, note 3 specifically, though they talk about it throughout the paper. The government doesn't have to regulate it. They can make bitcoin obsolete by mining it on their own and not making it worthwhile and shut the whole thing down. Again, we have a plant that causes no harm and actually would create more revenue for the gov. instead of drug dealers: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3323529

https://www.coindesk.com/bitcoin-will-still-bite-the-dust

https://hackernoon.com/debunking-economics-and-why-bitcoin-will-fail-with-steve-keen-51f51eb9a477 (you'll be too lazy to listen to the whole thing. Not going to tell you when the bitcoin part starts)

Counter anything with an intelligent response. At this point you're spam.

mell says

This smells of pump and dump.

It's a teeny tiny market compared to gold.

It was a direct quote. Your reading comprehension is awful. I'm fully aware it's not "attached" to the internet. You missed the nuance in the comment that I know you fully read (or tried to at least) even though you say you didn't. You see the word bitcoin and you get a hard on. You can't have an intelligent conversation which leads everyone to believe you're a pump and dump spammer.

Newbie123 says

Dude, you honestly asked me “so how can you short it then”?

Newbie123 says

A)You do understand what it means to have your funds on a hardware wallet and what the reason would be to do so?

Fully understand. You don't understand my sarcasm. Which leads me to believe you don't know what you're doing. Sorry, got that wrong, I know you don't know what you're doing.

Newbie123 says

B)Shorting bitcoin: do you still think (after all these articles and websites I posted) it’s not possible to short bitcoin?

Bold part in quote one. If you want, I can read the comments and record them and post the audio. It gets tiring bolding words for those less fortunate in head.

Newbie123 says

Will the “threatening” Wookie”man” start buying crypto at some point because he just can’t take it anymore or will he continue to say he is just posting that bitcoin is a ponzi/Pump and dumb/pyramid scheme/scam because he is “bored”?

I've bought crypto in the past. I won't in the future. I've educated myself and understand what it is. I am bored because I don't have to work and I don't have to look at numbers going up and down all day worrying about being broke. You've made the mistake of assuming I'm a fool, but that's fine, it's usually what fools do.

You've got to understand that some people have already made it. I don't have to chase riches or wealth. I have it and it wasn't given to me. Do something productive and maybe you'd understand my point of view. Hopefully it doesn't take this long, but when you're lying on your deathbed, your pursuit of riches through crypto currency will be the last thing on your mind.

You're not a balanced person and that's why I think this is just a spam/pump & dump push by you. You comment almost immediately every time. It's very likely you're on other forums/boards doing the same thing. If it's not, maybe comment on some other topics here to prove me wrong. Have an intelligent comment on another, non-bitcoin/crypto thread and make me eat my words.

Newbie123 says

Exactly! Bitcoin has lots of upside.

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

WookieMan says

Have an intelligent comment on another, non-bitcoin/crypto thread and make me eat my words.

Or an intelligent answer to crypto questions?

By thinking about and answering some of the questions posed to you, you can prove that your more than the apparent crypto fanboi idiot.

Newbie123 says

At some point onvacation will follow suit and also admit he bought crypto

Knowing my beliefs about crypto, why would I buy it? I'm not a gambler.

Can you answer the questions posed to you?

Newbie123 says

He just confirmed above he bought.

Jesus. Reading. In this thread and another I've said I've bought it (probably many other times as well). I WAS a fool and then I researched and got out, quickly. I think I HAD some bitcoin for a week.

Failing to admit past mistakes will only mean you'll keep making them. There's a lot of stupid things I've done and I'm not a coward like some to admit it. I've also seen a lot of stupid things people do personally with crypto and lose their shit. You don't know what you're doing, even if you're pretending to be holding some.

Newbie123 says

Investing is just not for everybody.

You mean gambling.
Are you going to answer any questions?

Newbie123 says

You bought and sold at a loss....

Nope. Assumptions will put you in bad places. It seems they already have.

Newbie123 says

Investing is just not for everybody. You live and learn from your mistakes.

I've learned more than you have little boy. Good thing is my wins far outnumber my mistakes. Your mom get the meatloaf ready for you yet?

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.

WookieMan says

Your mom get the meatloaf ready for you yet?

Newbie123 says

No wonder you get so easily angered and hate when the price goes up. It’s like an ego thing for you. You need it to fail because you failed.

BOYS!
Stick to the topic and lay off the personal stuff.

Screenshot of ANYTHING you've purchased in the crypto world. This isn't a big ask. Black out your name or account. Easy stuff.

Onvacation says

Stick to the topic and lay off the personal stuff.

Sorry. He's only commented on two threads I believe. He's spamming and not adding anything to any other topic. It's annoying and pushes intelligent people away from the site. And what's being presented is frankly dangerous, but whatever. I can say I'm thinking about moving on and he predictably will ignore the words in the sentence.

Newbie123 says

Fomo

Cool.
Are you gonna answer any questions about your investment strategy and reasoning? Or just post photos of the moon and attack other users?

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.