Thread: RIP Bitcoin

Originally Posted by Mr Earl

John McAfee made the prediction for BTC to hit 1 million USD by the end of 2020.

Is the person offering guarantees on that statement? Are you?

Originally Posted by Mr Earl

Unlike yourself Anty I'm not a mind reader of the dead.
John McAfee made the prediction.
What's your point?
Cover for your loser investments?
Anty you're a loser, get over it!
Check back 12/20 and denigrate John McAfee if it still hurts your little feelings to be stupid about Bitcoin.

Ah OK... so you’re just parroting what someone else with questionable mental health said and are relying on it to make investment decisions...

Originally Posted by OhOh

Is the person offering guarantees on that statement? Are you?

McAfee said he would eat his dick on live TV, if wrong

Why would I guarantee anything?

I'll smoke a doobie to celebrate just still being alive 12/20.

Originally Posted by AntRobertson

Ah OK... so you’re just parroting what someone else with questionable mental health said and are relying on it to make investment decisions...

You're the mind reader, and have your own opinions, so be it!

I bought my Bitcoin back in July 2017 and will hodl because I see it as a highly secure store of value.
Maybe I'm wrong. Time will tell.

Pray tell Anty, if you be such an expert 'mind reader'. Why are you such a loser as a solicitor and at crypto?

You’re confused again Earl. I’m no expert on BTC, never claimed I was, but then I’m also not the one who has been making constantly changing pronouncements that BTC’s going to hit USD1m based on what some loon has been saying am I.

That would be you.

But keep making stuff up if it helps (it clearly doesn’t).

Originally Posted by OhOh

Why have you highlighted the China connection?

look for news about china pegging its currency down against the USD

^I understand the currency war, but Digital tokens?

Originally Posted by OhOh

but Digital tokens?

your govt cannot ( theoretically ) peg them down - but bitmain is china

China smoking, toking?

He'll the next thing you know they'll be delegating.

Originally Posted by AntRobertson

You’re confused again Earl. I’m no expert on BTC, never claimed I was, but then I’m also not the one who has been making constantly changing pronouncements that BTC’s going to hit USD1m based on what some loon has been saying am I.

That would be you.

But keep making stuff up if it helps (it clearly doesn’t).

McAfee doubled down his 12/20 prediction during the big crypto bull run back in January.

While McAfee might have questionable motivations, his demonstrated track record of success in the computer industry has been not been questioned.

None of that is going to soothe your butthurt from your failure to understand Bitcoin basics. (you cannot fix stupid)

Newsflash Anty; you own your own butthurt.
Get used to it precious.

Originally Posted by Mr Earl

McAfee doubled down his 12/20 prediction during the big crypto bull run back in January.

While McAfee might have questionable motivations, his demonstrated track record of success in the computer industry has been not been questioned.

None of that is going to soothe your butthurt from your failure to understand Bitcoin basics. (you cannot fix stupid)

Newsflash Anty; you own your own butthurt.
Get used to it precious.

Missing the point and obfuscating as ever, Earl.

The point is that you -- not McAfeee -- have repeatedly stated as a fact in this thread that BTC will hit 1 million on X date (where the variable X = the date you constantly change and shift):

Originally Posted by Mr Earl

It would be wiser to put that $10k into BTC, sit back and watch to it hit 1 million two years from now.

Originally Posted by Mr Earl

The end of 2022 Bitcoin will be 1 million

You don't really know what you're talking about do you.

And for the record McAfee's 'track record of success' could very easily be questioned. Some reports say he dropped from a peak of $100m personal wealth to $4m.

^ If quibbling/dribbling/trolling/stalking helps you with your butthurt, so-be-it!

Again, not really quibbling when you're stating something like that as a fact and making investment decisions based on it is it.

You clearly don't know what you're talking about.

I though I needed a breath but that Mcaikfe man is lost in space. Dr. Smith seems sane after listening to him. Not that I wouldn't want some of what he's been smoking. Ok I don't. I get bit coin if you have something to hide though to me it doesn't make sense as it's not a tangible asset.

Originally Posted by baldrick

your govt

I stopped voting years ago.

If you don't quite grasp what Bitcoin does or means, here's a good discussion from a smart Austrian economics guy in Lebanon.



McPanties, watch at your peril, because truth lurks, and your 'safe space' threatened.

Originally Posted by Mr Earl

McPanties, watch at your peril, because truth lurks, and your 'safe space' threatened.

Thanks, but I don't require either investment advice or YouBoob recommendations from someone who parrots a nutter about BTC hitting USD1 mil and keeps constantly shifting the posts on it.

a long read for you on a monday morning as BTC looks at passing 6500 USD after a few attempts over the weekend to drive it lower than 6300

https://www.zerohedge.com/news/2018-...to-bear-market

horse racing aint a tangible asset either fish but gambling seems to make the world go round

Feel the burn...

The people who got burned by the Bitcoin boom

21 Aug, 2018 11:56am 7 minutes to read



Tony Yoo, a financial analyst, invested more than US$100,000 of his savings last year into cryptocurrencies. At their lowest point, his holdings dropped almost 70 per cent in value. Photo / New York Times / Rozette Rago


By: Nathaniel Popper and Su-Hyun Lee



Pete Roberts of Nottingham, England, was one of the many risk-takers who threw their savings into cryptocurrencies when prices were going through the roof last winter.


Now, eight months later, the US$23,000 ($34,638) he invested in several digital tokens is worth about US$4,000 and he is clearheaded about what happened.


"I got too caught up in the fear of missing out and trying to make a quick buck," he said last week.


"The losses have pretty much left me financially ruined."



Roberts, 28, has a lot of company. After the latest round of big price drops, many cryptocurrencies have given back all of the enormous gains they experienced last winter.


The value of all outstanding digital tokens has fallen by about US$600 billion, or 75 per cent, since the peak in January, according to data from the website coinmarketcap.com.


The virtual currency markets have been through booms and busts before — and recovered to boom again.


But this bust could have a more lasting impact on the technology's adoption because of the sheer number of ordinary people who invested in digital tokens over the last year and who are likely to associate cryptocurrencies with financial ruin for a very long time.


"What the average Joe hears is how friends lost fortunes," said Alex Kruger, a former banker who has been trading in the cryptocurrency markets for some time.


"Irrational exuberance leads to financial overhang and slows progress."


It is hard to know how many cryptocurrency investors are now in the red, with holdings worth less than the money they put in.


Many who have lost money in recent months had gotten into the markets before the big run-up last year and their holdings are still worth more than their initial investments.


But by many metrics, more people put money into virtual currencies last fall and winter than in all of the preceding nine or so years.


Coinbase, the largest cryptocurrency brokerage in the United States, doubled its number of customers between October and March. The startup Square began allowing the users of its mobile app, Square Cash, to buy bitcoin last November.


Almost all of the new customers on Coinbase and Square would be in the red if they bought cryptocurrencies at almost any point over the last nine months and held on to them.


The damage is likely to be particularly bad in places like South Korea and Japan, where there was minimal cryptocurrency activity before last year, and where ordinary investors with little expertise jumped in with abandon.


In South Korea, the biggest exchanges opened storefronts to make investment easier for people who did not feel comfortable doing it online.


The offices of one big exchange, Coinone, had just one customer walk in during a two-hour period in the middle of the day last week.


An employee, Yu Ji-Hoon, said, "The prices of the digital tokens have fallen so much that people seem to feel upset."


Kim Hyon-jeong, a 45-year-old teacher and mother of one who lives on the outskirts of Seoul, said she put about 100 million won, or US$90,000, into cryptocurrencies last fall. She drew on savings, an insurance policy and a US$25,000 loan. Her investments are now down about 90 per cent.


"I thought that cryptocurrencies would be the one and only breakthrough for ordinary hardworking people like us," she said.


"I thought my family and I could escape hardship and live more comfortably but it turned out to be the other way around."


In the United States, Charles Herman, a 29-year-old small business owner in Charleston, South Carolina, became obsessed with virtual currencies in September. He said he now felt that he had wasted 10 months of his life trying to play the markets.


While he is essentially back to the US$4,000 he put in, he has soured on the revolutionary promises that virtual currency fanatics made for the technology last year and has resumed investing his money in real estate.
"I guess I thought we were 'sticking it to the man' when I got on board," Herman said. "But I think 'the man' had already caught on and had an exit strategy."


Much of the anger that investors feel is toward the smaller virtual currencies, or alt coins, that entrepreneurs sold in so-called initial coin offerings. These coins were supposed to serve as payment mechanisms for new software the entrepreneurs were building.


But almost none of these companies have delivered the software they promised, leaving the tokens useless, except as speculative assets. Several coins have been exposed as outright scams.
"I think I'd like to see most alts go to zero before I feel like the whole space isn't overpriced," Herman said.


Bitcoin has generally held on better with investors. It is down about 70 per cent from all-time highs, rather than the 90 per cent losses that lesser-known digital tokens have suffered. But it, too, has struggled to win much use beyond speculative investments.


"We also saw that bitcoin isn't ready for mass adoption and day-to-day use," Herman said.


Despite this pessimism, the social networks where cryptocurrency fanatics gather to trade information are full of people talking about their intention to hold on to their coins in the hope that they will recover once the technology has time to catch up with the hype.


Tony Yoo, 26, a financial analyst in Los Angeles, invested more than US$100,000 of his savings last fall. At their lowest point, his holdings dropped almost 70 per cent in value.


But Yoo is still a big believer in the idea that these tokens can provide a new way to transact online, without the big corporate middlemen we rely on today.


Many of the groups that raised money last year are still working on the products they promised, with lots of serious engineers drawn to the projects.


"There's just so much more behind this new wave of technology and innovation that I'm sure will take over our society in due time," Yoo said.


With prices down so much, he said he was actually looking to put more money into the markets.


That thinking has been encouraged by the people who invested in bitcoin in 2013, when it first topped US$1,000. That bull market was followed by a crash in which the price of bitcoin dropped more than 80 per cent.


But after a long fallow period, the price recovered. Even with recent losses, the value of one bitcoin is hovering around US$6,500 — up more than 500 per cent from the peak of 2013.


"Five years ago, I was broke, unemployed, and ashamed to use my real name," Ryan Selkis, a popular virtual currency personality, wrote on Twitter last week.


"For the new fanatics, stick around for your own 14 month, 85 per cent downdraft and you'll not regret it."


Twitter is also filled with complaints, like the one from a user named @Notsofrugaljoey, who wrote: "It's really hard to stomach losing all my hard earned money. Just broke down and cried."


On Reddit, a user in the United Arab Emirates posted a picture of the US$100,000 loan he had taken out in December to buy cryptocurrencies — and that he will now be paying back out of his salary for the next three years.


Roberts, the British investor who has seen most of his US$23,000 vanish, is holding onto his coins in case they turn around. But for now he has stopped trading and is looking for another job.


"I'm living off the little savings I have left still in my bank account," Roberts said.


"I've made a mistake and now I'm going to have to unfortunately pay the cost for the next few years."






- Copyright New York Times 2018

https://www.nzherald.co.nz/business/...ectid=12110743

Originally Posted by AntRobertson

Feel the burn...

Yes McPanties you are butt-hurt, biggly.
We know all about it.
You invested in crypto you know precious nothing about and zero understanding of the underlying concept.
And you were greedy, short sighted, and plain stupid. (ya cannot fix stupid)

So what's your point?

Originally Posted by Mr Earl

So what's your point?

What's yours.

Did you actually even read the article Earl? Or just another of your rote, uniformed, knee-jerk responses.

Originally Posted by Mr Earl

We know all about it.
You invested in crypto you know precious nothing about and zero understanding of the underlying concept.
And you were greedy, short sighted, and plain stupid. (ya cannot fix stupid)

There's no 'we'.

It's only you dribbling on about something you know nothing about.

^correction, that should be 'hyper-vigilant OCD', 'Butt-Hurt'

The article is about you Anty, Mr Greedy, Impatient and Stupid.

My point Anty McPanties: 'Clean your room', 'do your homework', think for yourself!

Mr Earl. The President of ATDA has sole copyright on the word "butthurt". Please refrain from usage thereof. You may refer to his prime hobby; that of tenderizing mutton!