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Bitcoin Misinformation


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2020 Nov 10, 10:01am   132,796 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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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.
355   Bitcoin   2020 Dec 10, 9:57am  

Onvacation says
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.


yep, exactly. He also thinks he can outperform Bitcoin. He hasnt shown a single screenshot of any of his investments. Judging by all the crap he has posted, I am convinced its all BS and stupidity. Hence the name DF.
356   WookieMan   2020 Dec 10, 10:22am  

G36 says
He hasnt shown a single screenshot of any of his investments.

I'm not a moron. I don't dox myself. I'll give rough location of where I live in an 11M population metro area, but that's about it. You on the other hand just posted a fake, pixilated image of your "investment" which is pure shit. It's okay to realize there are smarter people than you. Half the country has zero savings of any significance, let alone anything to put into crypto. You wouldn't be here if you had gambling money that only 2-3% of people even mess with in the world. You invested $500 and think you're king shit of fuck mountain because you made a grand or two. lol.

The fun part is I can do this all day, every day. You likely have to bag groceries, so you have to take a break from Patnet to fund your huge "investment" gold 2.0. You completely dodge questions. You're the definition of a troll. I'll ask again (not sure why), did the S&P 500 outperform BTC from December 2017 to today? Yes or no.

Next question which I know you'll chicken shit out of and post the same list. Was BTC dead money from December 2017 to today if you held?
357   Bitcoin   2020 Dec 10, 11:06am  

WookieMan says
G36 says
He hasnt shown a single screenshot of any of his investments.

I'm not a moron.


Well.....I kinda disagree on this. You earned your name DF!

"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.
358   Onvacation   2020 Dec 10, 12:20pm  

BUY MORE BITCOIN!

the miners need to feed their families! and pay for hookers and blow. But don't worry your investment is as good as gold. You can get your money back and an enormous profit because all of the banks and stuff are now putting their money into it. You can make 1000's of percent profit!

Bitcoin miners go into selling spree while BTC price is held by weak support.
https://www.fxstreet.com/cryptocurrencies/news/bitcoin-miners-go-into-selling-spree-while-btc-price-is-held-by-weak-resistance-202012101905

Just know what you are buying
359   WookieMan   2020 Dec 10, 12:36pm  

Onvacation says
Just know what you are buying

I think Cash does, as he's posted bearish articles and seems aware of the pitfalls. Others.... I'm surprised they're able to breath.
360   Bitcoin   2020 Dec 10, 12:58pm  

Onvacation says


Just know what you are buying

yep, Digital gold / gold 2.0

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