Topic: Calling top at $16500 (Even Newer!: $2483 bottom 19 Feb 2021 MtGox said so!) - page 26. (Read 24373 times)

It's not diverted; it's related to your motivations on why you make predictions, and why you give out malicious and dishonest opinions. Very much on topic.   I will be propagating the flag elsewhere, especially since you agree with it which makes it even more legitimate. I'll also be participating in this thread in order to reduce harm to any potential readers. Cheers.

Now this is called proper diversion, against the forum rules and poisoning the well while at it. Good job.

I'm sure you and gmax gaming the trust system will give everyone what they need to make an informed decision. Alas, I could not give myself negative feedback to re-iterate what I posted above. I am not afraid of the truth.


Good job on diverting the thread btw. Sterling work. Do FortuneJack pay you per post? Looks wholesome that site, gambling *and* altcoins! You are so bitcoin it hurts. I assume you are making sure not to advertise to people that live in territories where gambling is illegal?

Look at me being concerned for other people's well being. so scam. wow.
 
Not investment advice. DYOR.

1) Unless that is added to every post and on every page that is useless.
2) Many people don't read the signature or have the element disabled.
3) It still influences them even if they read that warning, especially the highly susceptible ones. Such non-advice advice is very dangerous.

Big guns are out! I must have a compelling case

Lets make it crystal clear what is going on here:

Any newbies (or in fact anyone) reading this, please don't trade based on anything I post.

To that end, I've added support for your flag warning others.

You'll note *my posts are not investment advice* in my signature . (You know that place where most people link to some pump and dump coin or ICO scam!)

Such scammer. Wow.

You might want to stop conning newbies idiot. Flag support for warning of danger (based on the reference link from Maxwell):
https://bitcointalk.org/index.php?action=trust;flag=103

Might wanna get your story straight guys.

This forum has attracted many idiots who don't understand this. The market cap evaluation of BSV or Bcash or whatever is irrelevant, they are fraudulent copy-cat coins. Price, hashrate, nor anything can nor will change this.

---

Note to public: Do not listen to sgbett or you will get burned. BSV has absolutely zero merit from a technical basis. This is cryptography, i.e. math, not a religion. Stop with the "belief" bullshit.

Very well said.

Yeah it just doesn't line up with history and how markets work. I think people tend to underestimate how entrenched market dynamics become over time. With every passing day, these flippening dreams become less likely.

The most obvious explanation for both coins is their chief proponents are using these ideological battles to pump and distribute their coins. The market has roundly rejected Bitcoin forks over the last 2 years so large bagholders like Bitmain and the Wright/Ayre contingent need to create a market for them.

What sgbett either fails to understand, or is just completely lost on him, is that it does not matter if BSV or some other fork portends to be "closer to Satoshi's vision", or has a savior named CSW, or whatever blah blah blah.

Cryptocurrency, like any other asset, is valued based on mass shared belief. Meaning it is a belief-driven personality contest among the masses, with the spoils going to the victor. The users vote with their fiat, the merchants vote with their support of selling goods for it, the brokers vote with their support, the investors vote with their investment fiat, the miners vote with how much machine mining power they are willing to devote to it. Bitcoin^TM is the clear winner of this widespread support in the ecosystem.

In the court of public opinion, BSV and all the other Bitcoin forks have already been evaluated, judged, and summarily discarded. BSV is regarded as dubious at best, and a complete scam at worst. CSW has only made that image worse, because he is a complete fraud and a Narcissistic snake oil salesman. And it gets worse by the day, every single time he opens his mouth. Same with Bitcoin Cash and Roger Ver. Two sides of the same "coin", so to speak.

It's not like the masses are going to suddenly have some kind of magical "aha!" eureka moment and go, "Oh yeah, it was BSV all along that is the one true Bitcoin! My my, how we were fooled for so long!" Ain't going to happen, that moment took the mass public all of about 3 seconds to evaluate and come to the conclusion that BCash and BSV are both bullshit scams.

There is no reversing that conclusion. That ship has sailed.

I don't think that's a fair characterization. I think a lot of OG crypto guys are inherently skeptical people, myself included. It's why we arrived here in the first place. We don't trust governments, banks, or a currency that's being devalued unpredictably behind closed doors.

People are just applying the same skepticism to CSW they apply to everything else. "Don't trust, verify" and all that. By that token, it's frustrating to see things like CSW presenting himself as Satoshi, not because I feel a need to disprove it but because I know some percentage of people will take these things as a given just because he and others say so.


That's true but I think you misunderstand what sort of direct experience would entail being persuaded to your position. I'm a student and lover of markets. I may have opinions about protocol design but the crux of my skepticism about BSV (or BCH or "the immutable Satoshi 0.5.3 protocol") is I simply see no signs that the market supports them. And when it comes to my money, I prefer to be on the right side of the market.

I'd be fine with another cryptocurrency overtaking BTC. But just like I don't like knife catching or calling the bottom before it's confirmed, I don't see any reason to make predict a flippening now. The market will let us know if that's even a remote possibility. Until then, I remain skeptical.

Wise words STT!

I never assume people set out negatively but all of us have the capacity to be wrong while believing we are correct.    The only thing we can all agree to that is a positive is an open competitive market and society will gain from the best product advancing over those with more limited visions of what is possible and the best direction for utility provided from that product.


Alot of things become alot clearer in retrospect that were lost at the time, I'm really not against any genuine attempt at innovation or advancement.   Of course its the case that most will not succeed or provide what the market requires


I would really argue the opposite pretty much, greater liquidity could be an ironic positive.   The individual unit price might be dropping but its still possible at the same time for the overall market capitalisation to be rising from greater usage and turnover.
The main thing I always see argued against is a disorderly market, so yea suddenly introducing a large supply would be disruptive but the details of why that new supply to market occurred is more important  for ongoing growth then the price.

The same thing could be true in any downturn, people typically get very glum and disappointed.   Hung up over a simple price, the greater distribution that occurs during a downturn is a positive and this relates to many markets the price altering is allowing many new entrants and a good thing long term, so long as its not too erratic.    If BTC came back to 6k now I would be more bullish year to year then it rising every week unsupported by some correlation in population growth or similar.

If people set their mood by the 200 week long term average price instead of this noise every day, the opinions formed would probably better reflect what matters for the growth of BTC usage not just speculation.   Almost none of us has that patience so we're sometimes over anticipating in many cases and ignoring what really matters

That amount of wealth can change many things in the world.  It is like $10 billion. And only god know how much will be in 2025.   But I am sure it will not stop Bitcoin to become world reserve currency.

I honestly think that if you knew what was going on with BSV, you might have a different opinion. There is an incredible amount of information out there, about the services and solutions that are being developed. If you are interested it is easy to find.

Over the last 8 years everyone has been arguing about how to make bitcoin better. The truth is it never needed "improving". It just needed cleaning up. That's what nChain is focused on right now. They are committed to massive on-chain capacity, and a stable protocol.

Developers should not be arguing about changing bitcoin to add this or that functionality. It's unnecessary - instead they should be looking at what SCRIPT allows you to build *on-top* of bitcoin. Everything that is needed is already there. It always was.

You fail to understand, I'm not your enemy. I'm not your adversary. I'm revealing to you an opportunity. You can choose whether to take it, or whether to keep banging that tribal drum!

Most people are only here because of price. If that stash was used to meddle with the price, and you could do it for years with that amount, then that has a direct impact on adoption and usage.

Those Bitcoins have no impact on Bitcoin. They have impact only on price. If he sells them price will crash and soon after it will recover.  Satoshi is irrelevant.



That is only thing that keeps BSV alive. Any publicity is good publicity. Once people will figured it out and started ignoring him BSV will sink out of everyone's mind.



Yes he also know Monero ZCash and Litecoin will cease to work until end of this year.  There is not much time left unless he was somehow wrong this time. How could he be?  



LOL. Did you at least look at what you posted? Price doubled in a month. What else then a correction is expected.  Well Bitcoin can as always just postpond correction. But nothing can get postponed forever.

when people say "fraud" they don't necessarily mean "financial fraud". there's also this definition:


you think we should appeal to satoshi's authority, whoever he is? why? i think whatever changes will be made to bitcoin, ought to have broad consensus from users and developers. not one man realizing his vision.

If he's not Satoshi, but saying that he's Satoshi, and therefore BSV is his true vision, and is therefore Bitcoin is not deceptive? Or does he openly admit that BSV is an altcoin forked from another altcoin?


Aye, he stepped away. What if he came back? Why would he do that?