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Bitcoin Misinformation


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2020 Nov 10, 10:01am   135,258 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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2008   Onvacation   2023 Jul 5, 5:33pm  

just_passing_through says

Nobody that understands it says that

What do you think the purpose of bitcoin is?
2009   richwicks   2023 Jul 5, 5:39pm  

just_passing_through says

It's considered a commodity by the SEC


The people that created bitcoin didn't give a FUCK what the SEC said about it.

The point of it was a cryptocurrency OUTSIDE of the authority of ANY government.

I know what it was supposed to be, and what it's become - embrace and extend. The dummies "investing" in this ponzi scheme don't ever spend it, they use it as purely an investment vehicle, when it's unusable as anything else. It's PURELY for investment now, and it depends entirely on speculation.
2010   Maga_Chaos_Monkey   2023 Jul 5, 5:39pm  

Onvacation says


just_passing_through says

Nobody that understands it says that

What do you think the purpose of bitcoin is?


Oh a lot of things many of which I've posted way up in this thread. Here's a new one though, you can use it to combat AI threats online:

https://rumble.com/v2xw4pq-michael-saylor-reveals-how-microstrategy-uses-bitcoin-cryptography-to-comba.html

The kitco (gold peepo) host is sexy as hell too!
2011   Onvacation   2023 Jul 5, 6:05pm  

just_passing_through says

Oh a lot of things many of which I've posted way up in this thread. Here's a new one though, you can use it to combat AI threats online:

OK.
What do you think the MOST IMPORTANT purpose of bitcoin is?
2012   Onvacation   2023 Jul 5, 6:11pm  

just_passing_through says

The kitco (gold peepo) host is sexy as hell too!

Michelle Makori


2013   HeadSet   2023 Jul 5, 6:16pm  

WOW!
2015   Maga_Chaos_Monkey   2023 Jul 5, 8:49pm  

HeadSet says

WOW!


Yeah she has a sexy South African accent too!
2016   Onvacation   2023 Jul 6, 5:49am  

just_passing_through says

https://letmegooglethat.com/?q=What+do+you+think+the+MOST+IMPORTANT+purpose+of+bitcoin+is%3F

Haven't clicked.

I was asking you to state YOUR opinion.

As you know, I think it's a wasteful Ponzi scheme.
2017   Onvacation   2023 Jul 6, 5:54am  

just_passing_through says


https://letmegooglethat.com/?q=What+do+you+think+the+MOST+IMPORTANT+purpose+of+bitcoin+is%3F

I clicked

"The purpose of bitcoin is to provide a digital currency that allows people to make online secure, anonymous transactions"

Is that what you think is the MOST IMPORTANT purpose of bitcoin is? If so you can just wait for the CBDC.
2018   Maga_Chaos_Monkey   2023 Jul 6, 8:04am  

Onvacation says


Is that what you think


I'm sure you can find whatever you're looking for in there if you look harder. I'm not going to google for you again. Do your own DD.
2019   Onvacation   2023 Jul 6, 11:44am  

just_passing_through says

I'm sure you can find whatever you're looking for in there if you look harder. I'm not going to google for you again. Do your own DD.

I did. Bitcoin is a scam.
2020   Onvacation   2023 Jul 6, 11:45am  

And Google hides truths.
2021   WookieMan   2023 Jul 6, 2:01pm  

Onvacation says

just_passing_through says


The kitco (gold peepo) host is sexy as hell too!

Michelle Makori




Nah. She's a fucking walking billboard for Benjamin Moore paint. Sorry I don't need clown makeup paint on a woman. She's probably ugly as fuck at 6am..... after her paint is all over her pillow.

Dudes that fall for that shit are doomed for failure unless it's just to get laid. It's the definition of a con artists to a T. She's looking for a sugar daddy.
2022   Maga_Chaos_Monkey   2023 Jul 6, 3:14pm  

Onvacation says

I did. Bitcoin is a scam.


Fair enough...
2023   Maga_Chaos_Monkey   2023 Jul 6, 3:14pm  

Onvacation says

And Google hides truths.


Whoa is me!
2024   Maga_Chaos_Monkey   2023 Jul 6, 3:15pm  

WookieMan says

She's looking for a sugar daddy.


Sez the guy with the sugar momma... (you know you set yourself up for that!)
2025   Onvacation   2023 Jul 7, 5:58am  

just_passing_through says

Onvacation says


And Google hides truths.


Whoa is me!

Not as if everything we do isn't tracked.

I'm just saying when you use Google you're only going to see what they want you to see.
2026   Misc   2023 Jul 7, 7:47am  

Well, department heads have fled Binance, but no mentions of how many regular employees have left. Maybe the rank and file are waiting for the criminal complaints to some forward.

Takes some guts (or stupidity) to have any assets at any Crypto Exchange.

https://finance.yahoo.com/news/binance-plunges-crisis-senior-execs-205742831.html
2027   Eric Holder   2023 Jul 7, 9:10am  

Didjaknow Blackrock is now big on Bitcoin and is launching a spot Bitcoin ETF?
2028   Misc   2023 Jul 7, 10:27am  

Eric Holder says

Didjaknow Blackrock is now big on Bitcoin and is launching a spot Bitcoin ETF?


I'm the one that first posted that. Look at comment 1998.

We will see if it get approval.
2029   seesaw   2023 Jul 7, 10:46am  

If your going to dick around with crypto... learn from all the other failures... Non-Custodial is where you need to go... Do not let someone hold it for you.
This whole CryptoSpace has gotten out of control, and the"Scum of the earth" want you to trust them to hold your assets. Screw that.
I've been burned by that...

Chalk it up to the school of hard knocks... you can intercourse Blackrock...
2030   Misc   2023 Jul 7, 10:48am  

If you ever want to redeem crypto, you are gonna need exchanges. Without them there is zero liquidity.

So there's gotta be suckers for there to be even a modicum of price discovery.
2031   WookieMan   2023 Jul 7, 1:06pm  

just_passing_through says

WookieMan says

She's looking for a sugar daddy.

Sez the guy with the sugar momma... (you know you set yourself up for that!)

Self made with my help... no inheritance or anything like that at all. Blue collar, kind of loser parents if I'm being honest. But yes, I do have a sugar momma NOW. Wasn't that way in the early years. She thought she was getting the sugar daddy.

I have a knack for figuring things out. Specifically financial issues. Creative things, all legal. Like buying our house with cash even though we didn't have the cash or credit to get a loan. I don't think most people realize how many tools are at their disposal to create wealth and get things done. It freaks my wife out, but if I literally needed $1M tomorrow, I could have it wired to me. Network, network, network. The more people you know and stay in touch with, the more money you'll make. More job opportunities even in fields like tech.
2033   seesaw   2023 Jul 11, 6:43am  

Bitcoin is "old news".. all of those that thought would make $$$$ by Mining need to sell off their old technology to somoeone who doesn't know the technology is not efficient.
New Technology (believe it or not) is making the cost of mining better... but not a game changer.
when you have over 2000 cryptocurrencies, their are winners and losers... every day..
Miners will jump from one coin to another. the miner administrators can flip a mining machine with a laptop, and a batchfile... take their earnings and swap to something more stable.
I have 8 years in the space. I am not a know it all.
You have your due diligence to uphold... unlike someone who reads chapter one of a book, and think they're an expert.
Unless someone makes a miner that can run on water... forget about it. I no longer mine.. its all been sold on ebay.etc.etc. to someone who likes to tinker or has shit for brains... or free electricity.
2034   Onvacation   2023 Jul 11, 11:56am  

seesaw says

You have your due diligence to uphold...

What do you mean?

Do you think it's an investment and not a speculative, wasteful, scam?
2035   Onvacation   2023 Jul 22, 8:22am  

Onvacation says

Cash says


"eat to much dick"

How can you make money in crypto without finding a greater fool?

You can't. Crypto is a scam.
2036   Onvacation   2023 Aug 24, 5:14am  

Onvacation says

Bitcoin over $30k again.

Dumped down to $26k last week.
2037   Onvacation   2023 Aug 26, 5:44pm  

Bitcoin says

Onvacation says

It's like real gold only better.

Cant argue with that.



@bitcoin Glad you're still alive.

Have any of your views changed on bitcoin?
2038   Onvacation   2023 Aug 26, 5:46pm  

"fiat" is definitely fucked. It's worth what you can buy with it until it isn't.

Make sure you use your vacation time while you can.
2040   richwicks   2023 Aug 27, 12:12pm  

Onvacation says

Bitcoin says

Onvacation says


It's like real gold only better.

Cant argue with that.



bitcoin Glad you're still alive.

Have any of your views changed on bitcoin?

I've written you at least 4 times in the last year specifically asking if you're alive with no response.

You only promote Bitcoin when it's up not down. This means you promote it to dump it.

When you next disappear, I won't care if you're dead and I will show no concern.
2042   Patrick   2023 Aug 27, 5:57pm  

seesaw says

This whole CryptoSpace has gotten out of control, and the"Scum of the earth" want you to trust them to hold your assets.


Like that asshole SBF:

https://patrick.net/post/1379598/2023-06-18-corrupt-federal-prosecutors-preparing
2043   Maga_Chaos_Monkey   2023 Sep 2, 1:13pm  

just_passing_through says

Coin dealers being de-banked: https://www.youtube.com/watch?v=5yW8IVqaqdM


Aaaand another: https://www.youtube.com/watch?v=UZbaD8KVSlo

Claims it's happening nation wide to dealers, jewelers etc.,
2044   Onvacation   2024 Feb 29, 5:14am  

‘$150,000’ By 2025—Bitcoin Braced For An ‘Unprecedented’ Wall Street Price Earthquake
https://twitter.com/Forbes/status/1763036440517075353
2045   Maga_Chaos_Monkey   2024 Mar 2, 11:27am  

Last night I heard some talking head say the bitcorn ETFs did more in 4 weeks than the gold ETFs did in 20 years.
2046   AD   2024 Mar 2, 12:05pm  

just_passing_through says


Last night I heard some talking head say the bitcorn ETFs did more in 4 weeks than the gold ETFs did in 20 years.


Bitcoin hysteria or mania

everyone piling in as The Mooch (Anthony Scaramucci) said on Bloomberg TV that all fund managers will average about 3% of their total portfolio in Bitcoin efts like Blackrock or Fidelity

.
2047   Maga_Chaos_Monkey   2024 Mar 2, 12:29pm  

AD says


everyone piling in as The Mooch (Anthony Scaramucci) said on Bloomberg TV that all fund managers will average about 3% of their total portfolio in Bitcoin efts like Blackrock or Fidelity


3% was discussed 4 years ago and if that happens the total market cap of bitcorn will be higher than the total market cap of gold. Four years ago it was BTC-1-Trillion, Gold-10-Trillion.

BTC should be back to about 1-Trillion right now.

We shall see if that happens in this run...

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