Thread: RIP Bitcoin

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

Originally Posted by longway

now I have almost unlimited upside at no cost.

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.

^^ I am not interested in persuading you otherwise.

Originally Posted by raycarey

Originally Posted by longway

now I have almost unlimited upside at no cost.

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.

its the opposite of a bubble as 99% of the general public have no idea how to even purchase crypto-currencies.

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.

Originally Posted by longway

^^ I am not interested in persuading you otherwise.

and you couldn't even if you tried,

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

Originally Posted by raycarey

like the shoe shine boys giving stock tips in '29 and the house flippers in '07

indeed, when you have plumbers (baldrick), Indian call center boys and Chinese peasants playing the game, you know you are in fucking trouble

^ 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.

Originally Posted by baldrick

you know fcukall about crypto

I still know more than you, plumber boy, enough to know it's a scam but you don't see it

Originally Posted by baldrick

because nothing can be explained to you

the explanation is so dodgy, I can't believe anyone with a brain cell could take it seriously without laughing

but of course we are dealing with plumbers and Chinese peasants here, so anything is possible

Originally Posted by baldrick

the BTC drop from 4700 to 4100 USD is because of a report in china that exchanges there would be banned

Originally Posted by longway

BTW as an aside to the guys into this stuff, the guy who is behind BAT is the guy who invented javascript

bit of a team - https://basicattentiontoken.org/about/

I am a little wary about things created on ECR20 on the ethereum chain

https://themerkle.com/top-4-reasons-...timately-fail/

Originally Posted by Dragonfly

there is no valuation based on reality that can explain the price of bitcoins.

because nothing can be explained to you

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

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.

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

Originally Posted by baldrick

some dick from Joke Morgan was badmouthing BTC which people are attributing to this drop

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.

Originally Posted by redhaze

some corporate penis

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
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?

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

you really are a clueless retard

stick to plumbing pipes, dumbo, all this is above your bitcoin pay grade

Originally Posted by YourDaddy

Does anyone here work for Jamie Dimon?

I would guess butterfly dreams of sucking his cock

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

it's quite obvious that you have no fucking clue what you are putting your money into,

are you related to SoCal by any chance ???

dumbo Chinese peasants and dumbo British plumbers,

Originally Posted by Dragonfly

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 you

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

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.

https://www.coindesk.com/document-li...oin-exchanges/

^
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. ?

Originally Posted by terry57

You have always talked up this bitcoin gig

incorrect - I talk up cryptocurrency as I do believe is will be a big part of the way we barter good in the future

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 .