9
1

Bitcoin Misinformation


 invite response                
2020 Nov 10, 10:01am   133,573 views  2,169 comments

by Onvacation   ➕follow (4)   💰tip   ignore  



In my opinion, it’s a colossal pump-and-dump scheme, the likes of which the world has never seen. In a pump-and-dump game, promoters “pump” up the price of a security creating a speculative frenzy, then “dump” some of their holdings at artificially high prices. And some cryptocurrencies are pure frauds. Ernst & Young estimates that 10 percent of the money raised for initial coin offerings has been stolen.

The losers are ill-informed buyers caught up in the spiral of greed. The result is a massive transfer of wealth from ordinary families to internet promoters. And “massive” is a massive understatement — 1,500 different cryptocurrencies now register over $300 billion of “value.”

https://www.vox.com/2018/4/24/17275202/bitcoin-scam-cryptocurrency-mining-pump-dump-fraud-ico-value

« First        Comments 1,240 - 1,279 of 2,169       Last »     Search these comments

1240   Onvacation   2021 Feb 21, 8:13pm  

G36 says
Onvacation says
@g36
Made money from crypto

"Congrats"

Thanks man

you're welcome. You going to realize some profits? Or just let it ride?
1241   Bitcoin   2021 Feb 21, 8:26pm  

Onvacation says
G36 says
Onvacation says
@g36
Made money from crypto

"Congrats"

Thanks man

you're welcome.


:) You can do an 11x too! Just invest today!

As Elon Musk said, the best time to invest in Crypto was yesterday. The second best time is today!
1242   Onvacation   2021 Feb 21, 10:10pm  

G36 says
Onvacation says
G36 says
Onvacation says
@g36
Made money from crypto

"Congrats"

Thanks man

you're welcome.


:) You can do an 11x too! Just invest today!

As Elon Musk said, the best time to invest in Crypto was yesterday. The second best time is today!

Why?
Isn't it due for a reset? shouldn't you take a couple chips off the table?
1243   WookieMan   2021 Feb 22, 4:14am  

Wealth isn't achieved in 3 months. Let alone 3 years. Average length of an NFL player that was getting paid over $500k as a rookie. Many much higher. They all end up broke for the most part. Even the super successful ones.

Wealth is a lifestyle and not about having a good night at the casino. Eventually the night ends and you need to learn how to be wealthy. The vast majority fail. I suspect you will based on your comments here.
1244   Onvacation   2021 Feb 22, 6:11am  

@G36
Make any money from bitcoin yet?
You might regret not pocketing some chips.
1245   Onvacation   2021 Feb 22, 6:11am  

I mean bits.
1246   Onvacation   2021 Feb 22, 6:11am  

bits on a stick
1247   Bitcoin   2021 Feb 22, 10:24am  

@WookieMan

sry its so shitty in IL today....If you would have invested your stimulus in Bitcoin you would at least be able to buy a house in IL.
You probably wont ever have enough funds to move to beautiful SoCal. Amazing weather here today! Taking the doggy for a long walk today and a bike ride later.

Feels like summer today! 75 degrees! pool time

sry its shitty in IL....like all year? I heard its pretty much cold, snowy, rainy during fall, winter & spring and during summer its humid and the bugs are out. Sounds horrible. No wonder you cant stand living there. Sorry @WookieMan
1248   WookieMan   2021 Feb 22, 11:04am  

Beautiful day here. But I'm packing up for AZ to golf with the boys. Head out tomorrow. Should be a fun trip. So I don't need to worry about women's and children's tasks. Enjoy the dog though. Sounds like a ton of fun by yourself.
1249   Onvacation   2021 Feb 22, 11:40am  

stick bits - the new Gold!
1250   Onvacation   2021 Feb 23, 4:12pm  

I would not be surprised if bitcoin went up to 100K.

It's a gamble. I never won big in Vegas. I never lost big either. I play with a couple hundred $ at the 21 table, throw some tokens into the one arm bandits, and if I win? I pull some off the table or cash in my bucket of tokens.

I'm not much of a gambler. I usually don't lose all of my $200, have a few drinks, and pocket a couple chips when I'm on a roll. I don't let it ride. I think on my biggest night I left with $800.

I haven't been to a casino for a while.
1251   Bitcoin   2021 Feb 23, 5:54pm  

Onvacation says
I would not be surprised if bitcoin went up to 100K.




100k this year at the very minimum. More likely is 150-200k. We see a lengthening cycle compared to the previous 4 year cycles. This time around we have heavy buying by institutions (Tesla, Paypal, Microstrategies, Square, etc). Now we have a Bitcoin ETF. One can not afford to not hold Bitcoin.
1252   Onvacation   2021 Feb 23, 6:18pm  

G36 says
One can not afford to not hold Bitcoin.

Why?

What is going to happen to all of the people that don't want to dabble in bitcoin?
1253   Eric Holder   2021 Feb 23, 6:19pm  

Onvacation says
What is going to happen to all of the people that don't want to dabble in bitcoin?


They will be poor and living under the bridge while bitcoin billionaires will be living in Caligulan splendor.
1254   Blue   2021 Feb 23, 6:29pm  

Eric Holder says
Onvacation says
What is going to happen to all of the people that don't want to dabble in bitcoin?


They will be poor and living under the bridge while bitcoin billionaires will be living in Caligulan splendor.


Sometimes creating a Ponzi scheme is not very difficult when things are in right place.
1255   Bitcoin   2021 Feb 24, 9:02am  

that was a cute little dip.....obviously the bears didnt buy. Sorry you got so excited .....short lived.
1256   Onvacation   2021 Feb 24, 10:05am  

G36 says

100k this year at the very minimum.

Or it could revert to it's actual value.

I suspect that eventually bitcoin will be a subscription service where no one is actually buying the $100,000.00 bitcoin but the HODLer's are paying the "miners" to update the list of "bitcoin millionaires.".
1257   Onvacation   2021 Feb 24, 10:07am  

Is there a million? Or ten million Satoshis in a bitcoin?

Someday a whole coin will be worth more than the country of Slovakia and people will bid outrageous prices for the few Satoshis that ever hit the market.

The halvening is real.
1258   zzyzzx   2021 Feb 24, 10:14am  

Onvacation says
Crypto Hedge Funds Defraud $100 Million From Investors


Fixed:
Crypto Hedge Funds Defraud $100 Million From Gamblers
1259   Bitcoin   2021 Feb 24, 1:03pm  

I agree, Bitcoin is probably going to reach 250k by this year. thanks

and thanks TESLA
1260   Onvacation   2021 Feb 24, 4:15pm  

G36 says
Bitcoin is probably going to reach 250k

Would you be willing to pay a "miner" a fee to confirm that?
1261   Bitcoin   2021 Feb 24, 5:57pm  

every time i have moved Digital gold (Bitcoin) from an exchange to my Trezor i paid small transaction fees (you call it miner fee).
I love miners.....thanks for mining Bitcoin dear miners! I dont mind if you increase your fees by 10x. Without miners we would not have Bitcoin at 50K and we sure as hell would not have the alt coin market skyrocket because without Bitcoin the Altcoin market would be dead.

Miners for president! Go miners! We love you!
1262   Onvacation   2021 Feb 24, 8:19pm  

G36 says
i paid small transaction fees (you call it miner fee).

Do you even know how bitcoin works?
1263   Onvacation   2021 Feb 24, 8:20pm  

Not expecting a cogent answer.
1264   Bitcoin   2021 Feb 24, 9:11pm  

G36 says
every time i have moved Digital gold (Bitcoin) from an exchange to my Trezor i paid small transaction fees (you call it miner fee).
I love miners.....thanks for mining Bitcoin dear miners! I dont mind if you increase your fees by 10x. Without miners we would not have Bitcoin at 50K and we sure as hell would not have the alt coin market skyrocket because without Bitcoin the Altcoin market would be dead.

Miners for president! Go miners! We love you!


i would actually pay 20x more fees. they are sooo low, that even a 20x wouldnt be noticeable.
1265   RC2006   2021 Feb 24, 9:14pm  

peak FOMO
1266   Bitcoin   2021 Feb 24, 9:16pm  

Mining pools should get medal of honors.
1267   Onvacation   2021 Feb 25, 6:17am  

You do know that the miners don't get the exchange fees but work for new " coins"? Don'tcha?
1268   Onvacation   2021 Feb 25, 6:18am  

The fees are paid by the next greatest fool to the exchanges.
1269   Bitcoin   2021 Feb 25, 7:57am  

Have you found the next greater fool yet to buy your matchbox car? that you paid 10k for?
1270   Onvacation   2021 Feb 25, 8:02am  

Hope you took some profits. It's a long way down.
1271   Bitcoin   2021 Feb 25, 8:04am  

I havent taken any profits in BTC yet. Simply because we didnt hit 400k yet. Its only at 51k....i agree....it will take a few more weeks to get there.
Cardano, i will probably sell at around $10 bucks....i bought it at an avg of 10 cents.....just like those numbers....from 10 cents to $10 dollars :)
1272   Onvacation   2021 Feb 25, 8:06am  

G36 says
I havent taken any profits in BTC

We know.
1273   Bitcoin   2021 Feb 25, 8:08am  

Onvacation says
G36 says
I havent taken any profits in BTC

We know.


Of course! Why should i have spent my precious digital gold coins at a price of say 40k....when just a few days later its at 50k.....why should i spend my precious coins at 51k if I believe it will go to 400k? Its smart money. Dumb money (Wookieman) will buy my precious digital gold coins when I sell at 400k.
1274   Onvacation   2021 Feb 25, 8:11am  

G36 says
Dumb money (

Also known as the greater fool. How do you know it's not you?
1275   Bitcoin   2021 Feb 25, 8:13am  

if you pull a 3x in BTC and 10x in Cardano in just under 6month, you can call yourself smart money. (G36)

If you buy a matchbox car for 10grand and cant find a greater fool, you can call yourself dumb money. (you might know who I am referring to)

1276   Onvacation   2021 Feb 25, 10:36am  

G36 says
if you pull a 3x in BTC and 10x in Cardano in just under 6month, you can call yourself smart money. (G36)

SO,
You are smart money?
1277   Onvacation   2021 Feb 25, 10:38am  

You do know ya have to sell to profit, don'tcha?
1278   Bitcoin   2021 Feb 25, 11:09am  

Onvacation says
G36 says
if you pull a 3x in BTC and 10x in Cardano in just under 6month, you can call yourself smart money. (G36)

SO,
You are smart money?


absolutely. I even bought Bitcoin before Tesla :)
1279   Onvacation   2021 Feb 25, 2:36pm  

G36 says
I even bought Bitcoin before Tesla

Another great example. Though both are overpriced, Tesla is real. Crypto is bits on a stick that you must find a greater fool to buy. Whereas Tesla is an ongoing business with cars and things.

See the difference?

It's kinda like that overpriced hot wheel car you keep bringing up, it's real. Your bits on a stick, not so real.

« First        Comments 1,240 - 1,279 of 2,169       Last »     Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions   gaiste