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Bitcoin Misinformation


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2020 Nov 10, 10:01am   133,486 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

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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.
845   Bitcoin   2021 Feb 3, 2:41pm  

G36 says
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.



@WookieMan, have you sold your 100 shares of LUV yet to buy some Ethereum? That will most likely get you a downpayment in IL during this crypto bull run.
846   WookieMan   2021 Feb 3, 3:00pm  

G36 says
have you sold your 100 shares of LUV yet to buy some Ethereum? That will most likely get you a downpayment in IL during this crypto bull run

Nope. Just made $30k in January during a pandemic. Booked trips to FL, CA, USVI and yes WI. Got another 4-6 trips to book and the year should be set.

Lol though, I don't need LUV. Maybe you do. Maybe find a new image as well. I'm not in IL right now.
847   Bitcoin   2021 Feb 3, 3:06pm  

@WookieMan,

how can we help you with BSDS if you wont let us?
I cant make the sun shine for you in IL but I can help you to make smart investment choices.
A first step would be to trade your portfolio of 100 shares of LUV into BTC or ETH. At this point, I would probably advise to ETH as I think it will outperform BTC during the parabolic bull run.

Remember, we are hear to help. Let us help you with BSDS.

848   WookieMan   2021 Feb 3, 3:22pm  

G36 says
A first step would be to trade your portfolio of 100 shares of LUV into BTC or ETH.

Lol, yes my portfolio. You don't get it. Not surprising.
849   Bitcoin   2021 Feb 3, 3:44pm  

WookieMan says
G36 says
A first step would be to trade your portfolio of 100 shares of LUV into BTC or ETH.

yes my portfolio..


yes....sad! But there is hope....convert into ETH and start making some money! It will be enough for a downpayment in IL!
850   WookieMan   2021 Feb 3, 4:06pm  

G36 says
yes....sad! But there is hope....convert into ETH and start making some money! It will be enough for a downpayment in IL!

Or just keep living in the shit hole that CA is. You don't get it. That's why you'll lose.
851   Bitcoin   2021 Feb 3, 4:16pm  

@WookieMan,
how can we help you with BSDS?


We can lead a donkey to the water but we cant make it drink.
852   WookieMan   2021 Feb 3, 5:37pm  

G36 says
We can lead a donkey to the water but we cant make it drink.

Yup. Keep leading donkeys. Takes a ton of intelligence for that. lol. Might want to come up with a better analogy.

You're not dealing with a donkey. You are the donkey. Keep up.
853   Bitcoin   2021 Feb 3, 6:07pm  

Sorry, @WookieMan,

BSDS can lead to anger. Lets try to keep it civil. After all you are a moderator. Please read the rules and leave personal attacks out. We are here to discuss the success of Bitcoin. We dont want to get you banned.

@Patrick
854   Patrick   2021 Feb 3, 6:08pm  

Let's see, can I summarize and understand the conversation?

G36 Has made a bet on crypto and has great hope in that bet to improve his life. It may turn out well or not. He would like others to join him in his bet for maybe two reasons:
1. If they do, his own bet benefits through their bet. Maybe that's kind of a cynical interpretation.
2. If they do, he has more fellow believers in his bet, which provides a pleasant sense of community and confirmation.
To have his bet dismissed as foolish is painful.

WookieMan does not feel the need to make that bet as he does not feel that his life particularly needs improving. He dismisses G36's bet as foolish. G36 reacts to that by looking for possible ways to make WookieMan feel bad in turn, such as pointing out the harsh winters in the Midwest, or the possibility of missing an easy way to make a lot of money.

My own opinion:
- G36 might be right and actually get rich from crypto. Could happen, and it's hard to argue with wealth legally obtained if it does. I would not make that bet myself because I don't understand the value of crypto beyond hiding illicit proceeds from the law, and from taxmen, and being independent of the Fed. Certainly there is some value in those, but I don't know how to put a number on it.
- WookieMan seems to have a fine life, but gets baited into responding to G36's responses, and so it goes on.

Everyone else gets some entertaining conversation and gets to think about the issue from two points of view.

I hope I didn't offend either of you.

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