Topic: Dumb stuff people say in this forum. (Read 248 times)

I hate to bring Millennials up and bash them cause its too easy and common. But there is some very obvious Millennial 'characteristics' in the new influx of Newbies.

I agree but I think thats a bigger question. I don't think people are thinking deeply they are thinking dumb by using the price as a gauge of value. The amount of youtube videos I've seen called best crypto to invest in under $1. So yeah Marketcap has some limitations but its the best we got to judge value. Truth is not everyone who owns BTC can sell tomorrow at these prices, thats just a reality of pricing with crypto. No offence but you also gave me another thing I hate, calling everything a scam indiscriminately. lol I mean there are SCAMS and there are scams. Some think BTC is a scam of course.

And that was always the wisdom, that why we would sit watching the early ICO type launches which only got like $100,000 and there would be a run in at the last minute. I just face palm when everyone is cheering that the ICO got 300m!!!! lol

the market cap is scam,

i create 500 million token

sell 5 token on an exchange for 1 usd each publicly to you,

did i have created now the value of 500 million dollar, this would mean i have created the same value like the volkswagen corporation has which is almost a century old

regards

They want to know but like to lazy to do they own research. I mean at this day everything you want to know you can search it at Google , just type it and boom from newbie to expert opinion showup. As simple as that

I am looking for legit projects that are relatively underfunded during the ICO phase.  More stake for less coins. 

7 reminds of this old joke:  "Did you know that 83% of statistics are made up on the spot?"

I just don't see how someone rational can just throw such a number out there and believe it.  Without actual data analysis backing it up these numbers are the products of emotions and bias rather than fact.

Its getting ridiculous. All these third world newbie morons posting utter utter mind numbing dumbness on this forum. It used to be funny when it was a few posts but now its become literally the majority of posting now.

Lets share them so we can either cry or laugh I don't know which one. I will moderate the actual dumb replies.



1. The Marketcap does not value a project. If a coin has a lot of Coins then it will have a big Marketcap and also a low count will mean a low market cap. (A legendary member actually said this yesterday)

2. The flip side. The less coins the higher Marketcap. Yes it can affect perception but in the end its dumb. And if you don't think so I will give you a million slices of pizza cut from the same pizza and charge you double the price of one pizza.

3. People actually seem to think if an ICO gets a MASSIVE amount in its ICO then its a successful ICO and a good investment. They literally cheer on their stake being progressively shrunk. Back to the Pizza slice fallacy again. haha.

4. People seem to think a big team full of ex bankers is a sign of a good project and a good investment. To me its a sign of a large group of greedy people wanting to grab some of your money and will want paying.

5. Google translations of their idea of wisdom on crypto. Maybe they are smart guys in their own language but I would never assume to say anything smart or profound in a language I had no fucking clue how to converse in.

6. Websites matter. Sadly even sensible people have bought this meme fact. Truth is a few years back new projects didnt even have websites. And its not like I have a problem with websites and white papers and nicely laid out ANNS etc BUT these are easily done by an Indian programmer in Bombay for $50. This shit should NOT decide if a project is 'well run' or not.

7. People use the phrase good tech when 95% of the time they are ETH projects, i.e. they did very little coding but simply set up frameworks and wire frames and smart contracts with ETH.

8. FUD used to be backed up by an actual point. Now its just 'its shit bro'