"Bitcoin is a Fraud" and "Worse than tulip bulbs"

Discussion in 'Currencies' started by TreasureHunter, Sep 15, 2017.

  1. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Looks like Will is with the program lol.

    Damn do I have to give him a LIKE as well? O.K. here goes. _JLG.
     
    mmm....shiney! likes this.
  2. JOHNLGALT

    JOHNLGALT Well-Known Member

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    I'll be STROP if I get the girl - sorry DELVENE

    She'd look pretty in pink
     
  3. Seven of nine

    Seven of nine Active Member

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    This is crazy, you guys can brag all you want about cryptos and good luck to you, but if everybody actually did buy it then sure as day turns to night and night turns to day - it will crash. I'm not buying something that's way over priced only to see it crash very soon and lose my money. Or for a hacker to hack my account and steal it all. I need to fully understand it first. If I knew what the future would.bring and I could indeed make money from it then certainly I would.buy some. But my gut feeling says lto leave it alone because I am not one of those lucky people who will make money so easily.
     
    yuripuka, JOHNLGALT and Ag bullet like this.
  4. southerncross

    southerncross Well-Known Member Silver Stacker

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    Sept 1st 2016 price of BTC $574 U.S, Current price $9047 . And rising. Gold stable, Silver stable....
     
  5. southerncross

    southerncross Well-Known Member Silver Stacker

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    Seven of Nine, maybe just do some research, get educated a little bit and get ahead of the crowd.
    Blockchain technology is not going to go away any time soon.
    The crowd hasn't found it yet , but you know about it....
    Ask yourself what happens when the crowd finds out about it ?
     
  6. House

    House Administrator Staff Member

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    If my brother is telling me to jump in, sounds to me like the crowd has found it. First time he has shown an interest in investing speculating so was very surprised. Was also very impressed with himself as the $185 worth of something he bought jumping to $300 in 3 months. Hilariously he’s unable to transfer his own money out due to technical issues :rolleyes:


    April 2013- $233 to $67 overnight. Down 71%
    Nov 2013- $120 to $1,150 then down 43% to $500
    Feb 2014- $867 down 49% to $439
    July 2017- $3k down 36% to $1,869
    Sept 2017- 37% knocked off

    Possibility it’ll drop back down to $6k or less in the next overnight crash?

     
    silver kooka likes this.
  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    If it does there'll be a long queue trying to jump on that price.
     
    Altima likes this.
  8. dozerz

    dozerz Well-Known Member Silver Stacker

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    the bus is pulling out of the station, not sure when the next crash will be, anyone good at catching falling knives?
     
  9. southerncross

    southerncross Well-Known Member Silver Stacker

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    http://www.zerohedge.com/news/2017-11-26/candle-problem-why-bitcoin-misunderstood
    Snip

    Snip
     
  10. Altima

    Altima Well-Known Member Silver Stacker

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    Sure Bitcoin is being featured on Bloomberg and CNBC but ask your neighbour if he knows how to buy bitcoin, store them and spend them. Wait, ask him about the other 700+ cryptocurrencies out there.

    I spam my FB feed with Bitcoin news regularly and not a single one of my friends actually gives a damn. And they still don't cos they're all too busy working their 9-5 jobs while the money makers are busy getting ahead of the curve.
     
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  11. southerncross

    southerncross Well-Known Member Silver Stacker

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    The shame is that most are happy to work 9-5 for the rest of their lives just like Mum and Dad did as a Debt Slave and never change their own lives nor that of their Kids in any way at all. It's sad.....
     
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  12. systematic

    systematic Well-Known Member

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    Dark web drug market growing rapidly in EU

    "The report, which is the first of its kind to analyse the drug trade in Europe on the dark web, showed that online markets are becoming increasingly sophisticated and offering growing numbers of illegal products to buyers.

    The dark web, or darknet, is a part of the internet that lies beyond the reach of search engines. Users are largely anonymous and untraceable and mainly pay with cryptocurrencies like bitcoin."

    read more at: http://www.news.com.au/world/breaki...u/news-story/32857fc5dfcb4d6e734675c80b02783b

    It is not mum and dad investors driving the boom .... it does not take a genius to realise why crypto currencies are booming when it is the pay method of choice for ransomware hackers and drug dealers etc
     
  13. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    There is no data to back the claim that illegal activity is driving up the prices of cryptos.

    In all likelihood it is Chinese capital restrictions that have primarily been responsible for the initial spike in prices - but again, there is no data to back that claim either.
     
  14. systematic

    systematic Well-Known Member

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    And if there was data that illegal activity was driving up the price of cryptos ... what then ...
     
  15. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Then instead of speculating the cause we’d know.

    Wouldn’t make any difference to the content of the media reports though.
     
  16. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Surely all outflow of BTC into legal currency are mostly illegal or ill gotten funds.

    Why do I say this.... in the context of now

    1. If it is a speculater they HOLD.
    2. Most miners HOLD
    3. pumper are Holding
    4. Invester are Holding


    A. So who are cashing out at $10,000
     
  17. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Not sure where you get your info from. I would probably fit into categories 1 and 4 and I cashed out my BTC I bought in 2013 a couple of days ago.

    I’m holding some alts for now, but I will take a profit (cross fingers) if and when I think the time is right.
     
  18. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Not to confuse and to be upfront, this is my gut feeling and I am in 1 and 2.

    Also to highlight that for BTC to be worth $10k someone has to pay for it with real money

    1
     
  19. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I think we’re in the mania phase now, lots of talk on FB, lots of questions asking advice, lots of stupid responses. Very reminiscent of 2013. In the middle of the ponzi comments, references to Bartercard etc was this gem:

     
  20. systematic

    systematic Well-Known Member

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    IF we could monetize decency and goodwill we would have a better currency to trade with than a spinning computer chip ...
     

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