Condolences to the bitcoin die hards - page 4.

Paashaas

legendary

Activity: 3512

Merit: 4557

Quote from: Pecunia non olet on May 19, 2015, 04:37:48 PM

My condolences to the bitcoin die hards. You're looking at more slow decline or best case stagnation with some random little pump and dumps during next months while we rock the shit on alts in the foreseeable future. Soome hefty gains happening right now.
Don't get stuck holding a bag. 100% portofolio in old bitcoin is risky business.

#toldyou

ahh another idiot who cant handle Bitcoin, k bey!

Pecunia non olet

full member

Activity: 882

Merit: 102

PayAccept - Worldwide payments accepted in seconds

Quote from: spud21 on May 20, 2015, 06:18:04 AM

Quote from: Pecunia non olet on May 20, 2015, 04:57:48 AM

........

In my opinion bitcoin is a ninjalaunch/stealthmine scam too with very bad distribution of wealth. Bitcoin basically represents the concept of "dev premines a coin with his buddies for 6 to 18 months before releasing it to the world".

...........

When Satoshi released bitcoin to the world nobody gave a crap about it. That's why Satoshi and his buddies were the only early miners. There is no way I would accuse them of being scammers.

Technically it was still a ninjalaunch and stealthmine. It wasn't widely known in the early years. Now it is and thus newer coins have more early adopters and better wealthdistribution. These are simply facts.

Pecunia non olet

full member

Activity: 882

Merit: 102

PayAccept - Worldwide payments accepted in seconds

Quote from: Brewins on May 20, 2015, 06:11:34 AM

when BTC falls, most alt coins fall, and no coin is even getting close to 1B market cap.

If BTC dies hard deserve condolences, I can't say what altcoin die hards deserve

Mate, you need to pay more attention. Alts went down with bitcoin last year. This year alts go up when bitcoin goes down. Coins are oversold massively. They bounce up effortlessly now.

spud21

sr. member

Activity: 342

Merit: 250

Quote from: Pecunia non olet on May 20, 2015, 04:57:48 AM

........

In my opinion bitcoin is a ninjalaunch/stealthmine scam too with very bad distribution of wealth. Bitcoin basically represents the concept of "dev premines a coin with his buddies for 6 to 18 months before releasing it to the world".

...........

When Satoshi released bitcoin to the world nobody gave a crap about it. That's why Satoshi and his buddies were the only early miners. There is no way I would accuse them of being scammers.

Brewins

legendary

Activity: 1120

Merit: 1000

when BTC falls, most alt coins fall, and no coin is even getting close to 1B market cap.

If BTC dies hard deserve condolences, I can't say what altcoin die hards deserve

Pecunia non olet

full member

Activity: 882

Merit: 102

PayAccept - Worldwide payments accepted in seconds

Quote from: Morecoin Freeman on May 19, 2015, 10:49:34 PM

In my opinion all alt coins are scams. Some more than others.

This is coming from someone who got away with turning $3,000 into $50,000 from trading alt coins between 2013 and 2014 (Lite, Dark, Asia, Liberty, Voot).

I still feel somewhat dirty because I know a lot of people got trapped holding the bags.

Only Litecoin used to be legitimate and Darkcoin dev had good intentions too back then.

Only invest in alt coins if you are inside trading. Never try to chase a pump. You will get rekt.

I have a different perception ... especially of darkcoin which was heavily instamined. In my opinion bitcoin is a ninjalaunch/stealthmine scam too with very bad distribution of wealth. Bitcoin basically represents the concept of "dev premines a coin with his buddies for 6 to 18 months before releasing it to the world". So let's just say ALL coins are scam, honey; not just every coin except the ones you hold. Alrighty?

On my part i see some legit alts too. I wouldn't say they are all scams. Most of them, but really not all.

I don't see why we actually even use the term "altcoins". In reality it's "cryptocurrency" and bitcoin is not special at all.

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: Morecoin Freeman on May 19, 2015, 10:49:34 PM

In my opinion all alt coins are scams. Some more than others.

This is coming from someone who got away with turning $3,000 into $50,000 from trading alt coins between 2013 and 2014 (Lite, Dark, Asia, Liberty, Voot).

I still feel somewhat dirty because I know a lot of people got trapped holding the bags.

Only Litecoin used to be legitimate and Darkcoin dev had good intentions too back then.

Only invest in alt coins if you are inside trading. Never try to chase a pump. You will get rekt.

Litecoin is still legitimate, one of the few coins where there was No premine by Dev.

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

In my opinion all alt coins are scams. Some more than others.

This is coming from someone who got away with turning $3,000 into $50,000 from trading alt coins between 2013 and 2014 (Lite, Dark, Asia, Liberty, Voot).

I still feel somewhat dirty because I know a lot of people got trapped holding the bags.

Only Litecoin used to be legitimate and Darkcoin dev had good intentions too back then.

Only invest in alt coins if you are inside trading. Never try to chase a pump. You will get rekt.

Alley

legendary

Activity: 910

Merit: 1000

Can you give any examples of that type of alt?

Pecunia non olet

full member

Activity: 882

Merit: 102

PayAccept - Worldwide payments accepted in seconds

Quote from: afbitcoins on May 19, 2015, 05:52:50 PM

Quote from: Pecunia non olet on May 19, 2015, 04:37:48 PM

My condolences to the bitcoin die hards. You're looking at more slow decline or best case stagnation with some random little pump and dumps during next months while we rock the shit on alts in the foreseeable future. Soome hefty gains happening right now.
Don't get stuck holding a bag. 100% portofolio in old bitcoin is risky business.

#toldyou

I think bitcoin is still king. but curious which alts you like?

It's king until it's not. I like all alts that aren't scams or thow-away kind. All longterm good/fair coins with community support so to speak. It's quite a few.
Good risk management and diverse portofolio is where it's at.

afbitcoins

legendary

Activity: 2101

Merit: 1061

Quote from: Pecunia non olet on May 19, 2015, 04:37:48 PM

My condolences to the bitcoin die hards. You're looking at more slow decline or best case stagnation with some random little pump and dumps during next months while we rock the shit on alts in the foreseeable future. Soome hefty gains happening right now.
Don't get stuck holding a bag. 100% portofolio in old bitcoin is risky business.

#toldyou

I think bitcoin is still king. but curious which alts you like?

Pecunia non olet

full member

Activity: 882

Merit: 102

PayAccept - Worldwide payments accepted in seconds

Quote from: RaginglikeaBoss on May 19, 2015, 04:39:29 PM

Pre-summer pump. Welcome to trading crypto.

Pre-summer pump is a myth like "weekend dumps". Such patterns do not exist. The only real such pattern is end-of-month dumps because people need to pay bills. Pre-summer pump doesn't exist as a reoccuring pattern. There isn't even enough data to support the idea.

I think we're seeing a somewhat longlasting correction. BTC is still holding 80% cap of the entire industry. That might shift a little.

RaginglikeaBoss

sr. member

Activity: 302

Merit: 250

Never before 11 P.M.

Pre-summer pump. Welcome to trading crypto.

Pecunia non olet

full member

Activity: 882

Merit: 102

PayAccept - Worldwide payments accepted in seconds

My condolences to the bitcoin die hards. You're looking at more slow decline or best case stagnation with some random little pump and dumps during next months while we rock the shit on alts in the foreseeable future. Soome hefty gains happening right now.
Don't get stuck holding a bag. 100% portofolio in old bitcoin is risky business.

#toldyou

Topic: Condolences to the bitcoin die hards - page 4. (Read 5518 times)