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Bitcoin Misinformation


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2020 Nov 10, 10:01am   136,433 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

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379   Eric Holder   2020 Dec 18, 10:12am  

WookieMan says
G36 says
WookieMan says
G36 says
Bitcoin might hit 500k per coin


This could happen




according to the article yes. It'd be nice for sure. I think the probability of Bitcoin going above 100k is higher than it going to 1k. Sorry DF.

@Patrick - Is this not a bot??? Doesn't answer questions. Literally just called my post of a video about a hurricane an article. Addresses nothing from any regular user that doesn't fit its narrative or objective. Might be a real person (foreign) but I think it's a bot.

Rarely if ever does it comment on other threads outside of the BTC realm. There are other forums for that (sorry, not trying to push traffic away). Seems like a crypto scripted bot. This response makes zero sense.


Definitely a fucking bot with sole purpose to pump that BTC crap.
380   Onvacation   2020 Dec 18, 10:40am  

Eric Holder says

Definitely a fucking bot with sole purpose to pump that BTC crap.

Not necessarily a bot. It's hard to tell a brainwashed idiot from a bot.
381   Bitcoin   2020 Dec 18, 10:55am  

Patrick, I have posted on many other threads (political, stocks, housing related).

Last time I posted on a thread, Wookie posted this:



Now, he complains, I am not posting on other threads.
This has been my experience with him. He posts one thing, just to contradict himself shortly after:

"I dont trade. Its a losers game"
"I'd actually consider trading BTC"
"Fuck no on holding though"
"8k by year end"
"its going to land in the 1000-2500 range"

I mentioned this before, he sounds a bit like a Biden speech. He also shows behaviors that we have seen from libtards. When they cant win, they try to cheat/play unfair. Now he claims I might be bot or from a foreign country. Very pathetic IMO.
382   WookieMan   2020 Dec 18, 10:58am  

You literally just played into my theory you're a bot. lol. Didn't think it work out that well. Legit, lol.
383   WookieMan   2020 Dec 18, 10:59am  

Answer this. What foreign country did you last travel to? And when? Prove you're not a bot or an awful troll.
384   Bd6r   2020 Dec 18, 11:06am  

WookieMan says
Answer this. What foreign country did you last travel to? And when? Prove you're not a bot or an awful troll.

If a = 1, b=2, c=3, etc, then how much is aa + dd?
386   Bitcoin   2020 Dec 18, 12:04pm  

Patrick, I agree. But Wookie calling users to be bots just because they call him out on his BS is a what I call a libtard move. Its pathetic.

Wookie never adds anything useful to the Bitcoin conversations. He just posts garbage and contradicts himself.
I get he's pissed that BTC hit all time highs since he bitched about BTC for many years now but really, he's got nothing else going in his life?


"I dont trade. Its a losers game"
"I'd actually consider trading BTC"
"Fuck no on holding though"
"8k by year end"
"its going to land in the 1000-2500 range"
387   Patrick   2020 Dec 18, 12:08pm  

G36 says
his BS is a what I call a libtard move. Its pathetic


@G36 Please don't make personal comments like that. It just causes more personal comments, and everything goes to shit.
388   Bitcoin   2020 Dec 18, 12:13pm  

Patrick, no problem!

I worry about their health though. If crypto assets reaching a certain price causes wookie to post his anger outbursts day and night, I wonder what will happen to him next year if BTC's rally continues? Well....on the other hand, who cares. lol
389   WookieMan   2020 Dec 18, 12:17pm  

Patrick says
and everything goes to shit.

Yup.

G36 says
Wookie never adds anything useful to the Bitcoin conversations.

Knowing multiple people that have lost their asses means nothing to you. Does to me. You don't answer questions and go all personal. You post nonsense. Sorry, can't sit by idly knowing what I know. You'd be wise to take some of the advice from multiple posters here instead of dragging it into the ditch and posting nonsense. Almost no one here is buying BTC and if they do, they just do it. They don't talk about it all day every day, only when it goes up and change usernames. You're the only one doing that.
390   Bitcoin   2020 Dec 18, 12:24pm  

"nonsense"....yep, thats right,....nonsense is all we got from you. And contradictions.

"I dont trade. Its a losers game"
"I'd actually consider trading BTC"
"Fuck no on holding though"
"8k by year end"
"its going to land in the 1000-2500 range"
"no x axis"......cant open up the source thats listed on the chart.
"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%?
"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%?

again, you are bitter. You cant stand that Bitcoin hit new all time highs. Thats all. And you post day and night about it ......in all those years you havent managed to accumulate a single Bitcoin. Its still over 22k as of today....sry, wookie :)
391   Onvacation   2020 Dec 18, 12:44pm  

Dbr6 says
aa + dd?

They have good drugs to cure that!
392   Bd6r   2020 Dec 18, 1:11pm  

Onvacation says
They have good drugs to cure that!


393   WookieMan   2020 Dec 18, 1:56pm  

G36 says
You cant stand that Bitcoin hit new all time highs

I don't care about the price. lol. You do. Clearly.

G36 says
in all those years you havent managed to accumulate a single Bitcoin.

Don't need a bitcoin. I have the equivalent of 50 for now. Likely will end up being 10,000. But who's counting? Hope you get the joke there ;)

G36 says
again, you are bitter.

Not bitter at all. I just address nonsense. I've specifically addressed you and said I hope you make money. You're still butt hurt from your previous username and want some sort of revenge. Have at it. I can do this all day and night. Unless one agrees with you, they're wrong. That's a sad approach.
394   Bitcoin   2020 Dec 18, 2:04pm  

wrong for sooo long and now bitter and angry. You really should focus on something else. None of your comments will crash the price of Bitcoin :)
You have been dead wrong ("price will land in the 1k range") and cant handle that Bitcoin hit new all time highs.....its sad and funny at the same time. Sry wookie. Bitcoin is at 23k :)
395   WookieMan   2020 Dec 18, 2:22pm  

G36 says
None of your comments will crash the price of Bitcoin :)

This is where you're dense and cannot read. I don't want BTC to crash. It would hurt a lot of people, including you if you're being truthful. I have no vested interest in it and never will. Ever. Multiple users here have explained why it's bad and have told you it's fine to trade it, but holding is stupid. Look at the damn charts! Even Cash said he's sold or planning to sell and buy the dips. All you do is say BTC is going to $100k-$500k. Good prediction.

It's a trading vehicle. It's not a currency or investment. You're telling people otherwise. That's dangerous. I'd have a beer with you as I'm not a petty person, but I'm going to call a turd a turd when it's a god damn turd. You're clearly younger or an oldie that failed and is chasing get rich schemes. Either way, the stuff you post is toxic to other people that don't know what they're doing. Which is what you want. So I'll fight it. I've got nothing to lose.
396   Bitcoin   2020 Dec 18, 2:25pm  

So Wookie,
your prediction has been sooooooo wrong.
We are looooong ways from 1k.
Trading between 22k and 23k today. Keep hoping for your crash :) Just dont get too angry about it if it doesnt happen. You missed out and thats okay!

All those years bitching about it......for nothing! Sad!
397   Eric Holder   2020 Dec 18, 2:26pm  

G36 says
You cant stand...

G36 says
...you havent managed ....

G36 says
again, you are bitter.


You! You! You! You! You! You! You! You! You! You! You! You! You! You! You! You! You! You! You! You! You! You!
398   Bitcoin   2020 Dec 18, 2:34pm  

"it's fine to trade it, but holding is stupid."
LOL
you cant afford a single Bitcoin. All you can do is bitch about Bitcoin.
399   WookieMan   2020 Dec 18, 2:36pm  

English is not your first language. I should have figured that out by now. Sorry for making fun of your reading skills. My apologies.




Lol. Nice file name too. Cleary I've won. lol.
400   Bitcoin   2020 Dec 18, 2:38pm  

So, he doesnt trade:



But holding is stupid:


bawahahaahahahahaahah
401   Onvacation   2020 Dec 18, 2:39pm  

WookieMan says
It's a trading vehicle.

Only if your a silk road heroin dealer or a Russian hooker collecting bribery money.

It's gambling plain and simple. You buy in the hope that someone someday will pay you more. It is NOT a store of value. All money going into bitcoin is consumed. To get your money out you must find someone to pay you.

No assets, no cash, no equipment; just an anonymous decentralized list of who currently has claim (nothing to hold) on some Satoshis.

Mine. Wallet. Coin. Gold. Currency. Investor.
402   WookieMan   2020 Dec 18, 2:39pm  

Context chief. Talking about BTC. Lol. Above your IQ.
403   Bitcoin   2020 Dec 18, 2:45pm  

G36 says
So, he doesnt trade:



But holding is stupid:


bawahahaahahahahaahah


Dont think I have ever seen someone (besides wookie) contradict himself so often.
The fact that he was so wrong on his Bitcoin calls (he predicted 1k Bitcoin, today its at over 22k) really messed with his head.
404   Bitcoin   2020 Dec 18, 2:51pm  

I wonder if he even knows what he writes?

I mean, what does go through someone's head to write "I dont trade" and the very next post "Its fine to trade it".

My theory is that he invested so much time and energy into trying to bash Bitcoin over YEARS that it finally took a toll on him.

poor guy.
405   WookieMan   2020 Dec 18, 3:00pm  

I don't trade BTC, but one can. I don't hold BTC, but one can. What don't you understand? I gave an opinion, that holding BTC was stupid, yet one could make money trading it. What don't you understand??? Seriously? READ.... lol.

Fact is BTC has been dead money for 3 years unless you were trading in and out on the dips and peaks. You still can't acknowledge that or simply don't understand that. If you held from 3 years ago, you made a tiny gain with no dividends. Dead money. Given the stock market, it was a bad to outright awful investment from Dec. 2017. 3 years if you can't do math either. You didn't have BTC in 2015. You don't have any now. You're very defensive or something you don't own. But keep holding.... lol.
406   Bitcoin   2020 Dec 18, 3:03pm  

I think the fact that Bitcoin hit new all time highs pushed him over the edge. Maybe, countless posts over years with the hope for Bitcoin to go to 1k does that to you.....when you see it hit new all time highs.....

Sad to watch how big of an impact it has on him.

poor guy.
407   WookieMan   2020 Dec 18, 3:54pm  

G36 says
Maybe, countless posts over years with the hope for Bitcoin to go to 1k does that to you

You joined in September... lol... years? Butt hurt lurker. lol. Or name changer. Either way, coward and the impact has been rough on you. Come out of the shadows after your "investment" barely gets back in the green after being dead for 3 years. Hasn't sold any BTC, so has made $0. lol.
408   WookieMan   2020 Dec 18, 3:55pm  

G36 says
Sad to watch how big of an impact it has on him.

poor RICH guy.
409   Bitcoin   2020 Dec 18, 4:09pm  

yeah, sure, a guy who posts since years trash about Bitcoin and wasnt able to accumulate a single Bitcoin, is magically a rich guy.
You would be the first rich guy that posts day and night trash on Bitcoin posts.....the rich guys actually buy Bitcoin and brag about it.

lol, poor guy
410   Onvacation   2020 Dec 18, 4:18pm  

G36 says
, a guy who posts since years trash about Bitcoin and wasnt able to accumulate a single Bitcoin, is magically a rich guy.

Holding a flash drive full of zeros and ones doesn't make you rich.

Living comfortably, enjoying your work, and having hobbies, makes you wealthy, not what the bottom line on a piece of paper says.

If you think you own gold but don't physically hold it all you got is a line on some spreadsheet.

Success is not a destination you arrive at. It's an altitude you fly at.
411   Bitcoin   2020 Dec 18, 4:31pm  



does look really good on my hardware wallet. I know you were hoping for it to go to zero.
I wouldnt expect less from a guy who collects silver coins....Sry oncavation.
412   WookieMan   2020 Dec 18, 4:34pm  

Onvacation says
Holding a flash drive full of zeros and ones doesn't make you rich.

Living comfortably, enjoying your work, and having hobbies, makes you wealthy, not what the bottom line on a piece of paper says.

If you think you own gold but don't physically hold it all you got is a line on some spreadsheet.

Success is not a destination you arrive at. It's an altitude you fly at.

Well put. He won't understand this though.
413   Bitcoin   2020 Dec 18, 4:36pm  

says the guy who collects silver coins.
and the guy who predicted Bitcoin to go to 1k agrees.

haha. shocker!
414   Onvacation   2020 Dec 18, 4:41pm  

G36 says
says the guy

Are you assuming my gender?
415   Bitcoin   2020 Dec 18, 4:59pm  

OV, which app did you use to buy Bitcoin? You must be happy about the recent rally?
416   Onvacation   2020 Dec 18, 5:13pm  

Traded my eleven satoshis for two cents.

Or maybe it was just a dream that I doubled my money on digital gold the currency of the future.

I hope I don't regret it.
417   Onvacation   2020 Dec 18, 5:17pm  

G36 says
the guy who collects silver coins.

Beautiful and historic.
418   Patrick   2020 Dec 18, 5:22pm  

Onvacation says
G36 says
the guy who collects silver coins.

Beautiful and historic.


Yes, and politically incorrect! I love it.

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