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Bitcoin Misinformation


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2020 Nov 10, 10:01am   137,449 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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805   Onvacation   2021 Feb 1, 9:25pm  

G36 says

Dont bother buying pizza with your precious digital gold coins! Buy real estate/Pay off mortgages

What's your moon shot price when you cash in and buy some REAL estate?
806   WookieMan   2021 Feb 1, 9:26pm  

Enjoy. I've got more. This is all during covid and I've got more. I'm sure Socal is so great. I've been there. I've been to better. Enjoy biking though.

807   WookieMan   2021 Feb 1, 9:30pm  

Super bad time at the Westin St. John. Boat with the tallest mast in the middle, Epstein island in the background.

Where did you travel again? Or did you just mountain bike?

808   WookieMan   2021 Feb 1, 9:35pm  

Oh yeah, Utah. Forgot about that.
809   Onvacation   2021 Feb 1, 9:36pm  

Napoli's Pizza in Benicia or Vallejo. Awesome crust lots of garlic. Bits can't buy pizza.
810   WookieMan   2021 Feb 1, 9:39pm  

Lone Peak. Big Sky. This is what men do. This is all in the last year. What did you do?

811   WookieMan   2021 Feb 1, 9:44pm  

Shit. Forgot about Mexico.... Let me know what you did with your bitcoin during a pandemic. This is what I did... lol.

812   WookieMan   2021 Feb 1, 9:54pm  

Someone had to go on the night shift I guess. Oh well. Just glad I don't have to live in mom's basement and not experience the above photos.... Not sure how one could live like that.
813   Onvacation   2021 Feb 2, 7:24am  

WookieMan says
live in mom's basement and not experience

We're living in a virtual world. Why should money be real?

Bitcoin and other cryptocurrencies are just symptoms of this fucked up system.
814   🎂 porkchopXpress   2021 Feb 2, 8:38am  

WookieMan says
Lone Peak. Big Sky. This is what men do. This is all in the last year. What did you do?

Beautiful picture. It's as if I'm there, so maybe now I don't need to go.
815   WookieMan   2021 Feb 2, 9:21am  

porkchopexpress says
Beautiful picture. It's as if I'm there, so maybe now I don't need to go.

I wouldn't go again. That's some real ass snowboarding/skiing. Early season too. Rocky. Glad I did it though. Trying to get out there in March, but I'm not getting on the tram again to get to the top. The kids need dad, lol.
816   Bitcoin   2021 Feb 2, 9:35am  

bawahahahahaha

wow, those two triggers hit stronger than I would have expected. Now we just need the right name for it.....BSDS seems fitting.@WookieMan, what do you think?

817   Onvacation   2021 Feb 2, 9:39am  

G36 says
bawahahahahaha

What were your realized gains from crypto in 2020?
818   WookieMan   2021 Feb 2, 12:35pm  

Onvacation says
G36 says
bawahahahahaha

What were your realized gains from crypto in 2020?

You know better...

FYI, those are legit my photos of travels. Where did you go last year G36? A mountain bike path near your parents home? Show us some fun stuff you did with all those gains. Seriously interested in what a crypto lifestyle is like. Not sure why you'd keep dodging this if life was soooooooo good with crypto.
819   WookieMan   2021 Feb 2, 12:38pm  

G36 says
what do you think?

My 2020 during a "pandemic" blew your 2020 out of the water. You've yet to prove otherwise. Even with crypto gains, I'm 100% confident I did better finically given crypto was dead most of 2020. 100%. I had fun. You didn't. That's what I think and it's what you know. lol. You might be able to fill in for that deadbeat comedian Colbert. You're similar.
820   Onvacation   2021 Feb 2, 12:47pm  

It's not true that he that dies with the most toys wins, it's he that plays with his toys the most while he is alive that is the winner. We can all win.
821   Bitcoin   2021 Feb 2, 12:56pm  

G36 says
bawahahahahaha

wow, those two triggers hit stronger than I would have expected. Now we just need the right name for it.....BSDS seems fitting.@WookieMan, what do you think?



Okay, so we agree on the diagnosis.
Next question is, how can we help him?

Sunshine derangment syndrom.....not much I can do here.


Bitcoin derangement syndrome:
I would have him trade his 100 shares of LUV into BTC. At least that gives him some exposure. Any other thoughts?
822   WookieMan   2021 Feb 2, 12:57pm  

Onvacation says
It's not true that he that dies with the most toys wins, it's he that plays with his toys the most while he is alive that is the winner. We can all win.

Agreed. I think my photos show that. Looking at a computer screen and trading spreadsheets sounds miserable. And bragging about it not being able to show you had fun or even made money is even worse. Layer on top spamming a mainly non-financial forum showing nothing of gains or fun from anything you're spamming.

I'm just glad I had a better 2020 and know it. It was so good I don't have to worry about the crypto fad 2.0. All during a pandemic. Life is good.
823   WookieMan   2021 Feb 2, 1:01pm  

G36 says
Sunshine derangment syndrom.....not much I can do here.

I'm here.




Just because my home base is in IL, doesn't mean I'm there (missed the T). You'll learn some day. I can have homes and vacation for 1/2 the cost to live in CA. Retire dozens of years earlier. Bitcoin though... lol.
824   Bitcoin   2021 Feb 2, 2:35pm  

Yeah, now that you shared a bit of your circumstances, I understand why you are tried of shoveling snow in IL.



At least you made me appreciate SoCal even more. We sometimes take the beautiful weather and beach for granted. Thanks bud.
825   WookieMan   2021 Feb 2, 4:59pm  

G36 says
At least you made me appreciate SoCal even more. We sometimes take the beautiful weather and beach for granted. Thanks bud.

Lol. You can call them beaches all you want. Some of the shittiest sand on the planet. lol.

The fun part about warm weather is I can go there whenever I want and not live in a communist state with income taxes through the roof. IL is bad, but it isn't touching CA for stupidity. I'm not stupid.
826   WookieMan   2021 Feb 2, 5:01pm  

Post a photo of your last trip. Anything. You've got nothing and it's why you've posted nothing. Staying in the same place day after day is insanity and the definition of misery. Enjoy. I know you do, it's all you have to look forward to.
828   Bitcoin   2021 Feb 2, 8:31pm  

yeah, often you need to see someones misery to understand how good we have it here in SoCal. You see winter doesnt really mean much to us. You can still do your outdoorsy stuff pretty much every day. I would forget about shitty parts of the country if someone wouldnt remind me.

That BSDS is no joke. Glad I got Bitcoin and the sunshine/beach and dont have to deal with BSDS.

829   Onvacation   2021 Feb 2, 9:46pm  

G36 says
BSDS

"The Bipolar Spectrum Diagnostic Scale (BSDS) is a descriptive story that captures subtle features of bipolar illness. It does not provide a "yes" or "no" answer to whether or not a patient has bipolar disorder - it addresses the concept of bipolar spectrum."

That explains a lot.
830   Onvacation   2021 Feb 3, 6:03am  

Success is not a destination you arrive at, it's an altitude you fly at. Money, cars, houses, boats, motorcycles, toys, happiness, are just symptoms of success.
831   WookieMan   2021 Feb 3, 6:51am  

Onvacation says
Success is not a destination you arrive at, it's an altitude you fly at. Money, cars, houses, boats, motorcycles, toys, happiness, are just symptoms of success

I'd say experiences are most important, but agree with the symptoms point you make. I don't want to sit in an over priced shack day after day, in the same place, hoping to get rich or successful all while paying for bloated government that allows shit and needles to fill the gutters in the streets. That sounds like misery to me. I like to explore, show my kids some really cool places and meet awesome people that don't shit in the streets or do hard drugs.

Though we have been subjected to that in CA on trips, so not all experiences are positive. We've got friends all over the country and in the Caribbean and Mexico that we've met on travels. Funny part is not one has ever brought up crypto. While I've done well, I'm personally more happy of my wealth of experiences and what I've shown my kids. Enjoy life, don't worry about numbers... they're holding you back and probably the reason many are where they're at in life, chasing. Someone smarter conned you, you just don't know it yet. Never have regrets. No single place on the planet is that great to piss your life away in or an investment.

Either way, bragging about the price of a spreadsheet and not being able to show the experience of that supposed awesomeness is pretty telling. I've always wished you guys luck as I'm a decent human. But I'll try to back off on these crypto threads as the "shit mutt" (WTF is that anyway). My worry is you'll bankrupt others, but who am I to try and stop you. I can rest my head on my pillow and know I at least tried and I didn't screw others over.
832   Bitcoin   2021 Feb 3, 8:10am  

Onvacation says
G36 says
BSDS

"

That explains a lot.


I know, right?

It fits perfectly. I can picture him shoveling snow in front of his apartment right now.

833   WookieMan   2021 Feb 3, 9:06am  

G36 says
I can picture him shoveling snow shit from in front of mom's apartment right now in Socal.

Couldn't resist. Correction made.

Don't forget the needles and the bloated government you're being fleeced for. I guess I'm not surprised you have to chase get rich quick schemes. 20% is taken off the top before you even start... lol. My returns beat yours before I've even invested a USD.
834   Bitcoin   2021 Feb 3, 9:20am  

G36 says
Onvacation says
G36 says
BSDS

"

That explains a lot.


I know, right?

It fits perfectly. I can picture him shoveling snow in front of his apartment right now.



@WookieMan
Does the HOA not help with the snow shoveling? I can see why that is upsetting.

Bad day for the BSDS.....

Bitcoin at 37k, Ethereum at 1.6K and perfect weather in Socal.

IL:

835   WookieMan   2021 Feb 3, 11:16am  

G36 says
Does the HOA not help with the snow shoveling?

Why in the flying fuck would you rely on an HOA! LOL! Men can take care of their own property. Don't need a group of fags to decide what I do with my property. You keep bringing in great insight to the conversation about yourself. Lol.
836   Bitcoin   2021 Feb 3, 11:41am  

WookieMan says
G36 says
Does the HOA not help with the snow shoveling?

no on HOA!


bummer. So i understand why you are getting so upset about the weather. Sry bud.

837   Onvacation   2021 Feb 3, 11:49am  

So we're clear, Bitcoin is an elaborate Ponzi scheme that requires new money in for old money to get out.
838   Onvacation   2021 Feb 3, 11:49am  

And you can't have gains until you sell.
839   Bitcoin   2021 Feb 3, 12:16pm  

Onvacation says
So we're clear, Bitcoin is

36k,

yep



great buying opportunity!! Ethereum will do great too....it was at 700 in December and has already doubled....its at 1.6k today! Dont miss out on the precious coins.
840   Onvacation   2021 Feb 3, 12:21pm  

Ahh, the smell of Eth...
841   Bitcoin   2021 Feb 3, 12:37pm  

Onvacation says
Ahh, the smell of Eth...

I know. so sweet! Its going to do great things during this bull market....we are in price discovery mode. It jumped from 700 in Dec to 1600 today! I love my Ethereum holdings!
842   Onvacation   2021 Feb 3, 1:03pm  

So G,

Tell us again how crypto is a great store of value?
843   Bitcoin   2021 Feb 3, 1:22pm  

not just a store but a multiplier too.

Ethereum: we are in price discovery mode. It jumped from 700 in Dec to 1600 today! I love my Ethereum holdings!
844   WookieMan   2021 Feb 3, 2:10pm  

G36 says
great buying opportunity!! Ethereum will do great too

Just like last time everyone lost their asses. lol. BTC first and then Ethereum and then a bunch of other made up spreadsheets. Burn out is coming. Good luck.

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