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it has nothing to do with clever, the whole idea is a scam
if Steve Jobs was selling Junk Bonds or SubPrime Mortgages, they would still fail at the end
if you want to make bets, there is nothing wrong with that, but the whole idea behind the valuation of the currency is a complete scam. Period.
Bernard Madoff would be proud, if he wasn't in jail, he would probably have launched his own bitcoin by now :rofl:
like the shoe shine boys giving stock tips in '29 and the house flippers in '07....this kind of quote has to be an indicator that it's time to head for the exits on crypto-currencies.Quote:
Originally Posted by longway
^^ I am not interested in persuading you otherwise.
its the opposite of a bubble as 99% of the general public have no idea how to even purchase crypto-currencies.Quote:
Originally Posted by raycarey
on top of that these are not necessarily currencies anyway. i have no interest in persuading you either, you guys are the ones who seem to be keen making pronouncements on what i do with my own money for some reason. :kma:
and you couldn't even if you tried,Quote:
Originally Posted by longway
I have seen enough scams in my life to know one when I see one,
playing casino or playing lottery is a scam in my book, not illegal but still one that favors a party over another
bitcoin definitely fits the pattern of a scam, you can choose to play along and that's fine, but eventually the whole charade will be outed
there is no valuation based on reality that can explain the price of bitcoins. It's a fucking pipe dream based on silly formulas invented by lunatics and scam artists
you are certainly free and in your rights to participate willingly into that scam :)
indeed, when you have plumbers (baldrick), Indian call center boys and Chinese peasants playing the game, you know you are in fucking trouble :rofl:Quote:
Originally Posted by raycarey
^ i'm not casting aspersions on baldrick or anyone else who's invested, but this appears to be a bubble about to pop. maybe not, but that's how it seems to me.
and on top of that, i don't even remotely understand its fundamentals.
^ & ^^ thank you both for your opinions, its always good to have a couple of skeptics to assess why they would think the way they do; you are both illuminating.
you don't come across as someone accepting skepticism, so that re-enforces my believe that you are in your own bubble and don't see what it is :)
like I say, you are perfectly free to be your own gullible participant :)
^ Your skepticism in itself makes you worth hearing out; after that I just assess your opinions on the facts you put forward and the knowledge you display on the subject.
the BTC drop from 4700 to 4100 USD is because of a report in china that exchanges there would be banned
bit of a team - https://basicattentiontoken.org/about/Quote:
Originally Posted by longway
I am a little wary about things created on ECR20 on the ethereum chain
https://themerkle.com/top-4-reasons-...timately-fail/
because nothing can be explained to youQuote:
Originally Posted by Dragonfly
you know fcukall about crypto but are still dribbling sh1t about it - your head is so far up your arse you cannot hear the rest of us laughing at your every stupid statement
I still know more than you, plumber boy, enough to know it's a scam but you don't see itQuote:
Originally Posted by baldrick
the explanation is so dodgy, I can't believe anyone with a brain cell could take it seriously without laughingQuote:
Originally Posted by baldrick
but of course we are dealing with plumbers and Chinese peasants here, so anything is possible :)
Yeah thanks for that. In one of your previous links it recommended Etc, and I will hold some as back up. Not having a hard cap is not necessarily a bad thing, the BAT concept is good imo, and the number of BATs is capped.Quote:
Originally Posted by baldrick
I am buying a number of different cryptos, another I like is factom.
I do not recommend ETC - it will eventually become an orphan chain - it is the original ETH chain before there was a hardfork in Jul last year to save DAO funds from a hack - it only continues with diehards
BTC has taken a dive to 3800 USD and could well go to 3000
some dick from Joke Morgan was badmouthing BTC which people are attributing to this drop - the soft cock can't put his money where his mouth is and short BTC - but I suspect it is more to do with the china uncertianty - NEO ( chin version of ETH ) is down 50 %
as I said before , I am not in BTC except as a transition trade for other altcoins that do not have a USD pair on exchanges
I still very much like DCR and it is the main part of my ALT collection
as always with ALTs - back up correctly with a paper wallet - this is the biggest problem to be sorted out with cryptos
The fact that people who own bitcoin would sell so willingly based on the quote of some corporate penis shows that there are many investors who really have little confidence in the bets they have placed here.Quote:
Originally Posted by baldrick
they are starting to realise that the playing field is changing and their nice little earner from IPOs is on its way to be axedQuote:
Originally Posted by redhaze
so far there has been the ICOs where funds have been raised via the coin offerings , but on the horizon will be regulated ICOs based on smart contracts based on a blockchain which will remove the cosy deals and fat percentage bonuses and the shares will be issued at the cost they are valued by the buyers rather than any inflated price to enhance the banker percentage
Arifa Khan with DGCAMP-Himalaya Global is the darling of the bunch at the moment - but it seems to be based on ECR-20 with ethereum which has yet to show a working PoS ( proof of stake ) so maybe not the correct blockchain to use - though nothing stopping porting the contract code to other chains[COLOR=rgba(0, 0, 0, 0.7)][/COLOR]
Does anyone here work for Jamie Dimon?
you really are a clueless retard :rofl:Quote:
they are starting to realise that the playing field is changing and their nice little earner from IPOs is on its way to be axed
stick to plumbing pipes, dumbo, all this is above your bitcoin pay grade
I would guess butterfly dreams of sucking his cockQuote:
Originally Posted by YourDaddy
it's quite obvious that you have no fucking clue what you are putting your money into,Quote:
I do not recommend ETC - it will eventually become an orphan chain - it is the original ETH chain before there was a hardfork in Jul last year to save DAO funds from a hack - it only continues with diehards
BTC has taken a dive to 3800 USD and could well go to 3000
some dick from Joke Morgan was badmouthing BTC which people are attributing to this drop - the soft cock can't put his money where his mouth is and short BTC - but I suspect it is more to do with the china uncertianty - NEO ( chin version of ETH ) is down 50 %
as I said before , I am not in BTC except as a transition trade for other altcoins that do not have a USD pair on exchanges
I still very much like DCR and it is the main part of my ALT collection
as always with ALTs - back up correctly with a paper wallet - this is the biggest problem to be sorted out with cryptos
are you related to SoCal by any chance ??? :rofl:
dumbo Chinese peasants and dumbo British plumbers,
you show your ignorance with every post , but I imagine being an industrial cum gargler for a posse of boiler room boys will do that too youQuote:
Originally Posted by Dragonfly
I do not hold any BTC because I do not think it is a good ALT - it was just the first and because it is the most known it attracts the most speculators
but technically BCH is the original bitcoin - but you knew that didn't you butters , because you know so much about what you dribble sh1t out about
BTC bottomed out at about 2900 USD and then ramped up again as people piled in on the upward correction - now it is trending along at 3700
from the chinese rumor mill about regulation of chinese exchanges some clarification is emerging - I expect the chinese monetry authorities will move to implement controls and then require exchanges to be licenced and then the chinese will be allowed to play again
https://www.coindesk.com/document-li...oin-exchanges/Quote:
China's bitcoin and cryptocurrency exchanges have received instruction that they will need to voluntarily shut down by September 15.
According to both leaked documents and statements from local exchange executives, issued on condition of anonymity, China’s regulators have now issued verbal directives indicating how they expect the businesses to wind down operations due to the fact that they are operating domestically without a formal license.
A document leaked on Chinese social media, translated below, lists a series of steps the exchanges must undergo during that closure. While not received directly by exchange executives surveyed, the document is reportedly consistent with verbal guidance.
Issued by the office of the Leading Group of Beijing Internet Financial Risks Remediation, the document outlines how exchanges will need to coordinate with local regulators following their announcements, listing how they should handle customer data and banking relationships.
Already, however, two exchanges – BTCC and ViaBTC – have announced their closure, both citing the regulatory statement issued by authorities on September 5.
BTCC, in the wake of the announcement, posted a series of tweets about user withdrawals, stating that they will be able to get their money out even after the September 30 closure date. In one of those tweets, the exchange suggested that users "withdraw their funds as quickly as possible."
While not all China-based exchanges have formally indicated that they will shut down, one exchange executive indicated that more announcements will be forthcoming in light of the order. Exchanges Huobi and OKCoin are said to have met with regulators today, and are expected to announce plans to shut down within hours.
Representatives from Huobi and OKCoin did not respond to requests for comment at press time.
^
Hey Baldy,
You have always talked up this bitcoin gig so how much have ya made from it.
I suppose the correct question is, are ya gunna dump them or hold em. ?
That was interesting, especially the bitcon/ethereum story. Making a better managed and accountable mashup of the two is a tough ask because they're going up against the two biggest players in the market. I won't be putting any money there because they're still using blockchain for currency applications which I think is far better completed on a technical basis using DLT. I reckon it would worth throwing some cash at if/when BTC finally crashes and dies.Quote:
Originally Posted by baldrick
incorrect - I talk up cryptocurrency as I do believe is will be a big part of the way we barter good in the futureQuote:
Originally Posted by terry57
because all most people know about it - like you - is bitcoin - then they lump all the ALT coins under the same banner
bitcoin was just the first to come from satoshi creating the code and sharing the vision - since then many other coins / tokens have come into creation
it is up to you to read and understand what they are for to decide if they are worth investing in - the majority will wither and die along with any funds invested in them
most people think of cryptocurriencies ( bitcoin ) as jsut being anonymous digital money used to buy drugs on the internet , when the reality is many are much more than that .