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What about Bitcoin... :)

  • #401
  • May 11, 2019 10:05pm May 11, 2019 10:05pm
You are not smarter than the market. Market does not go up because it is worthless. Price is price is price. Whatever it is today is the worth and if fundamentals change tomorrow it will be priced in. One person can not manipulate it to any price because of how any markets work. By saying yes it’s going to 0 or yes it’s junk but btw it’s probably going up is directly against your thesis that it’s worthless and shouldn’t be worth anything. By the time it goes up even if it’s large billionaires realizing they need to get in and they sell at 20k the new buyers may decide to hodl because the option to hodl fiat is not really an option since it will be considered a worsed form of money compared to crypto. Hoping it goes up then dumps is one of those things that proves you don’t know how markets work. If it goes up it’s because it’s worth more on a mass scale and that value ends up opening more eyes. Maybe once the billionaires are out new billionaires enter with their worthless fiat and make it go to 100k.

the other argument that it does not scale is also wrong since there are payment channels and other tech (syscoins zdag) that allow to compete directly as transaction processors better faster and cheaper than visa/Mc.

no inflation is an instrument of both bad fiscal policies but also a debt based economy which requires interest for banks to loan which creates inflation since reserve ratio by definition is fractional lending which means at some point inflation will run away since population isn’t growing exponentially at the same guaranteed rate of inflation through interest.
  • #402
  • May 12, 2019 2:32am May 12, 2019 2:32am
Bitcoin Price is dangerously parabolic at 8-Month High, Could Collapse Below $6,000 ?!

https://finance.yahoo.com/news/bitco...144003557.html

Sixer
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  • #403
  • May 12, 2019 3:20am May 12, 2019 3:20am
Quoting Sixer
Bitcoin Price is dangerously parabolic at 8-Month High, Could Collapse Below $6,000 ?! https://finance.yahoo.com/news/bitco...144003557.html Sixer {image}
It has spent 6, 7, and 8th in correction and the past 2 days in wave 5 hitting target 2. ABC correction maybe.

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  • #404
  • May 12, 2019 3:51am May 12, 2019 3:51am
People who are inside the crypto job don't even hide the fact that the cryptocurrency market is being manipulated.
They are actually proud of it. It shows their money power.
Telegram network private rook chats turns red when the big money groups get their orders from the top crooks.
Bitcoin market was so crazy mainipulated from 4000 to 5000 U$D at April 1st, like it was in the wild early days. This is so apparent!
Sure, the crypto market is much more easy to be manipulated than the traditional finance due to the low liquidity compared to the traditional.

How does the pump and dump manipulation work?
Very simple.
1. Whales (big bag holders) accumulate coins of a small market cap cryptocurrency.
2. They will then convince others to buy the cryptocurrency and the price will rise dramatically.
3. The whales then dump their coins, causing a big drop in price.

Shockingly, one cryptocurrency exchange has even encouraged pump and dump schemes!!!

Free market principles has nothing to do with this.
Yes, crooks can be, and they are more "smart" than the market.

Another form of market manipulation is through the use of paid shills. We see them everywhere. They mostly sound like stubborn hysterical supporters of crypto. Easy to spot.
They will lie to you in the face about what inflation is
Either they are stupid-pseudo-intellectuals or crooks, it makes no difference, the crypto can't solve the inflation ...unless there will be a total non-credit-communist world

Unfortunately, the people who lose out from such market manipulation schemes are usually those guys who are most desperate to make large gains with minimal effort. They become attracted to such scams as an easy and guaranteed way to make money...

Take care of your real money, folks!
Member
  • #405
  • May 12, 2019 4:15am May 12, 2019 4:15am
Quoting MtDarkness
{quote} See attached picture. I was prevented from responding on his thread, I assume he blocked me. Whatever, people get so butthurt when you disagree. And I disagree with everyone at some point because i just call it as I see it. Probably why I have few friends. Lol Oh, well, I'll keep doing me. Anyhow, I see a big move up on the horizon, sure, especially as the US markets are approaching the downturn of the current economic cycle, but the reality is that eventually, it will go to zero. The number of bitcoins handed out with each successful block...
Lolol, that hysterical fraud bans everybody who disagree and then he is pretending he is having a "discussion"!!!
Interesting view about electricity! Crypto could be a market asset for wasted electricity lolol
But bitcoin will never hit zero until it will be banned by all the politicians in the whole world as a subversive tool which threatens the global politic stability
It's too late, but politicians just begun to realise they will lose everything if a new independent, untouchable world is growing out of electricity right before their noses and they are not capable to do anything about it.
Member
  • #406
  • May 12, 2019 4:38am May 12, 2019 4:38am
I wonder if the freshly printed 800+ million in Tether played a big part in this pump
  • #407
  • May 12, 2019 7:28am May 12, 2019 7:28am
Quoting Sixer
Bitcoin Price is dangerously parabolic at 8-Month High, Could Collapse Below $6,000 ?! <a href="...yahoo.com/news/bitcoin-price-dangerously-parabolic-8-144003557.html</a> Sixer {image}
Would be nice to buy there too

But i wonder why will smart people 😉👍 mingle here😨😱 with crybabies 😭😭😭😭😭.
Beware of robber banks (RB), bad advisors.
  • #408
  • May 12, 2019 7:56am May 12, 2019 7:56am
Typical for manipulation.
They use to pump when low liquidity
They don't even bother to hide
Member
  • #409
  • May 12, 2019 8:06am May 12, 2019 8:06am
The only thing worrying me with BTC this time around, is all the locked-in traders. We did not have that during the last bullrun, becasue there was nothing to our left. Now, what we have are tons of people who bought after the crash, but didn't know the crash didn't finish. So now, they are looking to get out breakeven, creating huge resistance to higher prices. Hopefully, this will all be absorbed and price will continue up. Look at volume, the clues are there
There is no edge in trading. Your edge is understanding risk
  • #410
  • May 12, 2019 10:49am May 12, 2019 10:49am
Folks

I know i love good argument

That's if we speak on same level 😱😉

Now i wondered.... What's the best argument I've seen???

🙉🙉🙉🙉🙉🙉🙉🙉🙉🙉😨😨😨🙉🙉🙉

Here it is.
Small video

The woman is BITCOIN.

The king... is me 😱😱😱 a modest and brave man, trying to help and explain.

😂😂😂😂😂

And the 100 villagers are.... YOU know who 😭😭😭😭😭😭😭😭

BURN HER!!!!!!!!!
😂😂😂😱😱😱😱😨😨😭😭😭😭

Frigging video
https://m.youtube.com/watch?v=H9PY_3E3h2c



No offence!!!!

...
BURN HER!!!

Burn Bitcoin!!!! '😱😱😭😭😭😭😭
LOL
Beware of robber banks (RB), bad advisors.
  • #411
  • Edited 11:19pm May 12, 2019 10:18pm | Edited 11:19pm
Quoting naviafra
The only thing worrying me with BTC this time around, is all the locked-in traders. We did not have that during the last bullrun, becasue there was nothing to our left. Now, what we have are tons of people who bought after the crash, but didn't know the crash didn't finish. So now, they are looking to get out breakeven, creating huge resistance to higher prices. Hopefully, this will all be absorbed and price will continue up. Look at volume, the clues are there
Good point. I know lots of them.
They have bought all the way down from 12,000.

Some they have trusted scammers like Not-KPMG who cryed hysterically clapping like a stupid seal that bitcoin will hit 100,000 USD in Oct.-Dec. 2018 for sure lol
Now they yearn for breakeven
That means serious resistances for bitcoin.
Strong resistances use to create dip corrections
People are selling out of the "whales" real money.
Really appreciated that rich whales' sacrifice lolololol

Hopefully those resistances will propel this thing up ...but why would they?
What really have changed from the last crash?!
Is it more regulated now?
Is it less volatile?
Is it more important for the real economy?
Is it more safe from hackers, or drug dealers, or criminal organizations?

So, is very probable that the same ponzi-winners/losers, gamblers and addicts, are still in the game after the "whales" restarted this pyramidal scheme.
But why not new greedy stups join them, ...because an idiot is born every minute...
Member
  • #412
  • May 12, 2019 10:20pm May 12, 2019 10:20pm
Yes, as far as I remember there was soon a cryptocurrency scam scandal worth of billions of dollars, OneCoin that was in reality a ponzi scheme. I dont have time to bother looking for other similar stories, cause I am busy trading, but there are more and more coming to surface.
  • #413
  • May 13, 2019 12:10am May 13, 2019 12:10am
Looking strong
Why now is bitcoin going up?
Whats happened? it was looking like death and now out of no where strong demand.
im not into bitcoin just wondering why.

purely looking at demand 11k to 15k range a definite.
  • #414
  • May 13, 2019 2:39am May 13, 2019 2:39am
Quoting TudorIoan
{quote} Not to mention Quantum Computers (on Shor's algorithm) now can break any sophisticated encryption way much faster than anyone thought so far. Well, yes, agree, breaking the crypto-holy-gospel-ledger, hackers or governamental agencies de-mining, will be also a long-period proces ...but just a matter of time https://www.youtube.com/watch?v=lvTqbM5Dq4Q
Thanks for posting that clip on quantum computing etc.
It is really simple to see how the days are numbered for some technologies.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #415
  • May 13, 2019 3:40am May 13, 2019 3:40am
Quoting blackjacker
Yes, as far as I remember there was soon a cryptocurrency scam scandal worth of billions of dollars, OneCoin that was in reality a ponzi scheme.
Are you thinking of Bitconnect? It reached a marketcap of 2.7 billion before the exit scam.
  • #416
  • May 13, 2019 4:18am May 13, 2019 4:18am
Quoting Exodus
{quote} Thanks for posting that clip on quantum computing etc. It is really simple to see how the days are numbered for some technologies.
Yeah, how about cracking a bitcoin holder signature private secret key?
Member
  • #417
  • May 13, 2019 9:04am May 13, 2019 9:04am
Quoting TudorIoan
{quote} Yeah, how about cracking a bitcoin holder signature private secret key?
You can’t because of one way hashing. Only reused keys will be at risk if they get in quick enough before a soft fork is issued to move to quantum safe address scheme and signing algo. luckily when designing bitcoin this was thought out. Know what your talking about before trolling.
  • #418
  • May 13, 2019 10:34am May 13, 2019 10:34am
Quoting Solarian
{quote} Are you thinking of Bitconnect? It reached a marketcap of 2.7 billion before the exit scam.
I was talking about OneCoin. It was a classical Ponzi Scheme, but they claimed there were servers, who mined Bitcoins etc.
  • #419
  • May 14, 2019 12:54am May 14, 2019 12:54am
Quoting blackjacker
{quote} I was talking about OneCoin. It was a classical Ponzi Scheme, but they claimed there were servers, who mined Bitcoins etc.
Oh right, my bad
  • #420
  • May 14, 2019 1:03am May 14, 2019 1:03am
Quoting sidhujag
{quote} You can’t because of one way hashing. Only reused keys will be at risk if they get in quick enough before a soft fork is issued to move to quantum safe address scheme and signing algo. luckily when designing bitcoin this was thought out. Know what your talking about before trolling.
This is bullshit. And you know it.
Is not even a good try.
You are just ambitious to swallow everything that delivers the doctrine of the disabilitated crypto freaks.
You play dirty spreading wrong information because you are a despreate loser in crypto business. You invested a lot in crypto.
And now you see the hope....
So it's obviously your're just a shill.
No credibility!
Member
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