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Bitcoin Misinformation


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2020 Nov 10, 10:01am   136,405 views  2,177 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 315 - 354 of 2,177       Last »     Search these comments

315   Onvacation   2020 Dec 8, 7:42am  

G36 says
Nasdaq listed company is raising 400M to buy MORE Bitcoin.

I thought they weren't making any more?
316   WookieMan   2020 Dec 8, 7:56am  

G36 says
Thanks DF!

two more for the list.

"an unregulated market"
"roulette"
"Nuclear EMP goes off"
"Would have sold everything at 18k"
"I am good with 9%"
"Bitcoin is not backed by anything"
"artificial scarcity"
"I only care about 6 figure gains"
"wake up at 6am and your money is all gone"
REALLY? missed the fact that its up by 9,000,000%? Not a surprise, DF.

>>> https://www.bloomberg.com/news/articles/2019-12-31/bitcoin-s-9-000-000-rise-this-decade-leaves-the-skeptics-aghast

The funny part is you don't refute any of this. Just make a list and pretend that you one upped someone when you did nothing in reality.

Can't wait for the new username after your last one showed your ass being wrong. You can't hide from being wrong so many times.
317   RWSGFY   2020 Dec 8, 8:01am  

Still not buying any of that shit.
318   Bitcoin   2020 Dec 8, 8:39am  

WookieMan says
G36 says
Thanks DF!

two more for the list.

"an unregulated market"
"roulette"
"Nuclear EMP goes off"
"Would have sold everything at 18k"
"I am good with 9%"
"Bitcoin is not backed by anything"
"artificial scarcity"
"I only care about 6 figure gains"
"wake up at 6am and your money is all gone"
REALLY? missed the fact that its up by 9,000,000%? Not a surprise, DF.

>>> https://www.bloomberg.com/news/articles/2019-12-31/bitcoin-s-9-000-000-rise-this-decade-leaves-the-skeptics-aghast

don't refute any of this


That's the best part. DF really is too dumb to get any of it.
319   WookieMan   2020 Dec 8, 10:53am  

WookieMan says
The funny part is you don't refute any of this.

Lol. Keep adding to a list that you still refuse to argue even one point. Keep up with the ad hom though or just post a useless chart. You responses are indicative of your intelligence on the topic. If you were making bank on crypto you wouldn't be on this forum. You'd be traveling the world. Maybe starting a business. Hell, maybe doing something beside being butt hurt about facts.
320   Bitcoin   2020 Dec 8, 10:59am  

WookieMan says
WookieMan says

Keep adding to a list


Of course DF. Just waiting for the next stupid thing you say. Regardless, you earned your name already!

"an unregulated market"
"roulette"
"Nuclear EMP goes off"
"Would have sold everything at 18k"
"I am good with 9%"
"Bitcoin is not backed by anything"
"artificial scarcity"
"I only care about 6 figure gains"
"wake up at 6am and your money is all gone"
>>>>REALLY? missed the fact that its up by 9,000,000%? Not a surprise, DF.
321   Onvacation   2020 Dec 8, 11:11am  

G36 says
Of course DF


So how long have you been part of the bitcoin scam?
322   Bitcoin   2020 Dec 8, 12:05pm  

Onvacation says
G36 says
Of course DF


So how long have you been part of the bitcoin scam?


You bought Bitcoin (satoshis) because you believe in it now, right? Why would you call digital gold such a thing?
323   Onvacation   2020 Dec 8, 1:13pm  

I figured I could gamble a penny on 11 Satoshis. I will sell them to you for a nickel?
324   Onvacation   2020 Dec 8, 1:15pm  

like I said, I'm a nickel slot kind of guy. In the casino I always know who the fool is. But I have got lucky.
325   Bitcoin   2020 Dec 8, 1:16pm  

I take credit for you finally buying into Bitcoin. It was my education and chart, right?
326   Onvacation   2020 Dec 9, 6:55am  

G36 says
I take credit for you finally buying into Bitcoin. It was my education and chart, right?

Found a penny.
327   Bitcoin   2020 Dec 9, 7:02am  

I am stoked you bought Bitcoin - finally. It shows, even the most ignorant can learn. Which exchange did you use to purchase it or was it OTC?
328   Onvacation   2020 Dec 9, 8:16am  

It's like playing the lottery. Your chances of making a fortune are about the same whether you play or not.

Can you even buy bitcoin one satoshi at a time? Where?
329   RWSGFY   2020 Dec 9, 8:32am  

Onvacation says
Can you even buy bitcoin one satoshi at a time? Where?


Paypal.
330   Bitcoin   2020 Dec 9, 8:39am  

onvacation, Which exchange did you use to buy bitcoin?

Since we have mass adoption now there are several ways of purchasing digital gold. You can buy crypto through apps on your phone (Robinhood, Paypal, coinbase, Kraken, Binance)
Since you collect silver coins, it could be you still only have a landline. In that case you would use a laptop to log in to any of those exchanges.
331   Onvacation   2020 Dec 9, 9:38am  

G36 says
it could be you still only have a landline. In that case you would use a laptop to log in to any of those exchanges.

Are you really that stupid?

Could somebody please flag this comment if they think it is inappropriate.
332   Onvacation   2020 Dec 9, 9:40am  

Any fool buying bitcoin is dependent on a bigger fool to make any profit. I don't have a problem with gambling but if you call it an investment or "Gold 2.0" you are a rube, an idiot, or a conman.
333   Bitcoin   2020 Dec 9, 9:53am  

Onvacation says
G36 says
it could be you still only have a landline. In that case you would use a laptop to log in to any of those exchanges.

Are you really that stupid?

Could somebody please flag this comment if they think it is inappropriate.


How would we know if you still have a landline and no phone? You collect silver coins. How would we know. Why is that inappropriate?
334   Bitcoin   2020 Dec 9, 9:54am  

Onvacation says
Any fool buying is dependent on a bigger fool


If you buy a stock you depend on other bidders in order to move the price. When you buy silver coins and you hope for an appreciation, you depend on other people buying useless silver coins. Why do you call yourself a fool?
335   Onvacation   2020 Dec 9, 10:04am  

G36 says
If you buy a stock

Is bitcoin like a stock or a currency?
336   WookieMan   2020 Dec 9, 10:06am  

G36 says
Since we have mass adoption now

Lol. Half of Americans are a paycheck away from going BK and have no savings at all. 1/2 the worlds population still lives at 2nd and 3rd world levels. Many have sketchy electric and water supplies. Mass adoption? Lol. Do you think when you type? Never mind, we all know the answer.

This is what happened under your other account. Surprised you haven’t ignored me like last time after calling out your BS.
337   WookieMan   2020 Dec 9, 10:10am  

G36 says
If you buy a stock you depend on other bidders in order to move the price.

While partially true, your statement is mostly false. You invest in companies because they produce something that people want and can use. These companies also have physical assets like real estate that add to that value. They also report revenue, profits, losses and a variety of other metrics so you understand what you've invested in.

Straight yes or no answer. Does BTC check any of those boxes besides people wanting to own it because of FOMO? You know the answer and I don't expect one from you.
338   Bitcoin   2020 Dec 9, 10:10am  

Its better than a stock. Bitcoin can be traded 24/7.

Its much better than a traditional fiat currency. Bitcoin is scarce and decentralized.

Its much, much better than Gold. Bitcoin is digital gold. Gold 2.0. Bitcoin is highly divisible and can easily be transacted. Try to ship a gold brick overseas. With Bitcoin, it takes seconds. Also, Gold can be faked. Bitcoin cannot be faked.
339   Bitcoin   2020 Dec 9, 10:13am  

Heeey DF,

I havent updated the list yet. Here the refresh:

"Wait, wait, wait. I thought it was 9,000,000%. Is it 17,918.98% or 9,000,000%?"

"Basic index funds have outperformed BTC"
>>>>REALLY? missed the fact that its up by 9,000,000%? Not a surprise, DF.
"an unregulated market"
"roulette"
"Nuclear EMP goes off"
"Would have sold everything at 18k"
"I am good with 9%"
"Bitcoin is not backed by anything"
"artificial scarcity"
"I only care about 6 figure gains"
"wake up at 6am and your money is all gone"
>>>>REALLY? missed the fact that its up by 9,000,000%? Not a surprise, DF.
340   WookieMan   2020 Dec 9, 10:17am  

G36 says
"Basic index funds have outperformed BTC"

Refute this. Just do it. My statement was from Dec 2017 till the price I quoted for BTC yesterday roughly, was that your typical index funds out performed BTC. Just refute it. Should be super easy for you. You won't. You've had dead money for 3 years. Congrats. I made money.
341   Onvacation   2020 Dec 9, 10:26am  

G36 says
When you buy silver coins and you hope for an appreciation, you depend on other people buying useless silver coins.

Aesthetics. I collect coins because I enjoy coin collecting. It's a hobby. Though some of my numismatic collection has appreciated a lot that is not why I bought them. My heirs will probably sell them for less than they are worth to me.

What makes you say silver is worthless?
342   WookieMan   2020 Dec 9, 10:32am  

Onvacation says
What makes you say silver is worthless?

I'd say jealousy? It's a nasty trait, but very easy to pick out when someone has it. There's also the fact that people that get rich quick, like lucky stock investments or lotto winners usually are fucking awful with money and lose it all anyway. So what's the point? They couldn't figure out how to make money without luck and then squander it when they get it. It's a morons game, which I think you know, though the jealous types are oblivious to their own shortcomings. Kind of sad and funny.
343   Onvacation   2020 Dec 9, 10:43am  

WookieMan says
Kind of sad and funny.

or pathetic.
344   Bitcoin   2020 Dec 9, 10:47am  

WookieMan says
G36 says
"Basic index funds have outperformed BTC"

your typical index funds out performed BTC.


Heey DF, we are still waiting for your screenshot of your investment to show you outperformed BTC. we will waaaaait a looooong time :)
345   Bitcoin   2020 Dec 9, 10:48am  

Onvacation says
G36 says
When you buy silver coins and you hope for an appreciation, you depend on other people buying useless silver coins.

My heirs will probably sell them for less .



I dont doubt it. Gold is being replaced by digital gold. Same with your landline. At some point you should own a smart phone.
346   WookieMan   2020 Dec 9, 10:56am  

G36 says
WookieMan says
G36 says
"Basic index funds have outperformed BTC"

your typical index funds out performed BTC.


Heey DF, we are still waiting for your screenshot of your investment to show you outperformed BTC. we will waaaaait a looooong time :)

I don't dox myself and I'm not a coward and fake screen shots. No need to know what company(ies) I use publicly on an internet forum. Good try, I'm not a moron though. I've done 6 figures better than your fake screen shot though, so I'm good, lol.

Pick any index fund from December 2017 until today. I beat BTC. Even if I wasn't invested in it. You haven't and won't do this. I've asked simple yes or no questions and you still don't answer. Because you know you're wrong.
347   Bitcoin   2020 Dec 9, 10:58am  

Yep, DF, as expected no screenshot. Of course not :) you cant possible have beaten Bitcoins performance. You are DF, remember?
348   WookieMan   2020 Dec 9, 11:30am  

G36 says
you cant possible have beaten Bitcoins performance.

I have, and I know I've beat your performance. It's easy to spot when all you do is pump. Insecurity and jealousy are easily spottable traits. Give me my 7th ignore Newb.... errr. G36.

Go ahead and take every stock from IPO to today. BTC isn't special. Or here's a nifty trick for you, invest in something before it goes public. You can't do that though because you don't have the money. Hence my 6 figure comment. Enjoy $10-20k in gains from your fake screen shot. lol. I'll enjoy being semi-retired at 37. lol.
349   Bitcoin   2020 Dec 9, 12:06pm  

WookieMan says
G36 says
you cant possible have beaten Bitcoins performance.

I have


Oh really, why dont you show us your screenshot on how you beat 17,819% since 2014?


If you could do that, people would invest in you. Instead, they call you DF.
350   Onvacation   2020 Dec 9, 1:33pm  

G36 says
they call you DF.

Who they?

Oh, did I mis-gender you?
351   Bitcoin   2020 Dec 9, 1:39pm  

Everyone with a brain. DF seem to not have one. He provides evidence against his laughable statements. lol.
Claims he beat Bitcoins performance and provides a screenshot that proves the opposite.

Every blog/forum needs a DF!
352   WookieMan   2020 Dec 9, 3:00pm  

G36 says
Everyone with a brain. DF seem to not have one.

lol. Brain spell like cave man.

Dec. 2017 to today. Answer the fucking question. Yes or no. Did the S&P outperform (with likely dividends based on the fund) BTC? Yes or no? Use the brain. Seem....lol like you don't have one.
353   Bitcoin   2020 Dec 9, 6:22pm  

Heeey DF!

check this out. These are the profitable days holding Bitcoin.

https://www.lookintobitcoin.com/charts/bitcoin-profitable-days/



% profitable days holding Bitcoin: 99.5%

If you would have bought Bitcoin in 2014 and held until now you would have made >17,000%.

And you DF talk about Sp500 performance. lol f.ing lol, you must be the dumbest DF.

354   Onvacation   2020 Dec 10, 6:48am  

G36 says
And you DF talk about Sp500 performance. lol f.ing lol, you must be the dumbest DF.

He's not the one who thinks bitcoin is better than gold.

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