Topic: MAJOR WARNING - ALL COINS - page 4. (Read 7980 times)

Hahaha this is the CHARLATAN that is on all the ICO threads.He have a second account but I will not say the nickname...

This is the funniest thing I've seen all day. You say you are an economist which explains why A: You don't understand cryptocurrency B: why you talk about the value of the market without mention of what your valuation is measured in (i.e. Nada what... $US, gold, silver?) and C: why you think people should value your oppinion even though it's provably worthless.

Thanks for the laugh

Regards?!

Don't forget to stick your nose in the air while you ignore crypto, I hope you never own any.

Okay, there are a few problems I can see here. #1 is that fiat is also quite worthless, it is definitely not backed up by gold anymore and it is printed in expectation that in the future it will obtain the price, because people will use it. Cryptocurrencies are even more like that. Their 'real' price might be calculated by counting the sums of money spent on electricity to mine the coins (if we deal with Pow), to store coins (PoS) or to run some code which regularly throws some amount into circulating supply. However, it doesn't really work like it, for we can see that coins are actually worth more and if they weren't, they wouldn't exist, for nobody would've mined/stored/produced them without profit. Demand and offer system owrks with cryptos perfectly and allows us to say they do have a price.
I agree with you on some points, though. For instance, I also think it is possible that people will realize there is no real value under these currencies and they will become worthless. But for that the world needs something like World War 3 when nothing except food and shelter will have price.

The baby boomers confusion and fear of the uncertainty is the reason we're all going to get rich, feels good being an early adopter lads

Can you at least try harder to put out decent bait? SRS this is just shitposting

Lol Most people assume that economists on TV must know what they talking about and have made millions in the market, but in reality they are still working a full time job because they need money lol. Plus, all it took for anyone to make 400%+ was to buy basically any largecap stock outside of financials at the base of 2008 and hold it until today. A monkey could do that, an extremely small amount of economic knowledge was required.

Yet most of them on TV are advocating selling stocks, buying stocks, "check this out" etc etc. It's all just asinine and I barely pay attention anymore because they don't give any good information anyways. You get way more information by just looking at the financial reports & balance sheets, as well as any sort of shareholder meeting that has been summarized for the public.

Not once have I ever taken an economists advice and bought or sold something on his recommendation. It's cute to watch them try though.

and how many times has economist got it wrong?! lol

You should write the Minister of Japan and tell him this because that entire country is being Scammed right now! hurry before they all go broke!

Hello,
I am the Easter Bunny.

"On a long enough timeline, the survival rate for everyone drops to zero."

yeah yeah.

Not all coins. I think the crypto coins is useful new tech. And (some of) the top coins have interesting qualities.

I respect the post of the author it is her own analysis and view of the cryptocurrency but I think that's not gonna happen because if you create an alt coin then you should have a purpose or goal to achieve for that alt coin and these currencies cannot be zero in value.

I did sleep at a Holiday Inn last night. Maybe I should be the president....

I found this post amusing in the extreme. Maybe the intention of the post was to entertain and rile up crypto investors.

What are the attributes of money and does Bitcoin satisfy those requirements?

General Acceptability: BTC has been declared a legal payment method in Japan and Philippines, and shortly in Australia
Portability: BTC doesn't need to be transported, have you ever tried to transport $100,000 in currency? It aserious drag and you are likely be accused of being a drug dealer
Indestructibility or Durability: so long as there are two computers and electricity somewhere in the world BTC will be usable for commerce and have value
Divisibility: BTC is divisible up to 8 decimal places
Cognizability: Microsoft, E&Y, Dell, an increasing number of companies accept BTC as payment
Stability of Value: BTC is volatile, but tends to appreciate since supply is limited and it it is gaining increaing recognition as a method of hedging against government confiscation or irresponsible central bank monetary policy

And here is quote to help convince our economist.

“Spend some time with Bitcoin. Learn it, challenge it, and use it. You can assume no government wants you adopting this system in any capacity, and for that reason alone it’s worth consideration by honest, moral, and industrious people”
“Economists and journalists often get caught up in this question: Why does Bitcoin have value? And the answer is very easy. Because it is useful and scarce.”
Eric Voorhes

I'm an economist... Sure you're not a nigerian prince as well ?

Most of these freedom hating libral economist support fake "money" that always ends in zero ! ALWAYS NOT ONE HAS SURVIVED. Even the one one real money that in name ment something like 26 grams of silver through deception they manage to keep the name and covert to their fake money. So now that their is money that that is not fake they are using their deception again to destroy it. Wow, what else can you expect from freedom hating so called 'economist'??

I think he is a person who is unaware of the crypto world but just heard about the profit of bitcoin and other cryptocurrencies. And he jealous of cryptowords's big profit because he can never earn this money with traditional investment instrument. He is just trying to find a deficiency and talk nonsense.

That's very nice of them.  I still maintain that closed source is good for the investors in the coin and the developers, assuming some programmer doesn't backwards engineer their tech or make their own version, which is very possible.  It's not a huge issue for me, I'll still invest in open source coins because I know other people will. It's the game of musical chairs. Like stocks, I'll buy what I think is going to go up and sell what I think will go down based on perceived "over or under valued" ... right now all of crypto is in a bubble, but it's going to hit at least $120B before it pops, at least the charts say so.

TSLA stock is wildly overvalued, for what it's worth (in my opinion... clearly other people disagree)


They are not scared.. if anything they'll use the tech to increase their own scalability. The general public is not going to abandon their fiat currency.. it's simply not going to happen. If anything, the billionaire rhinos that run the world would find bitcoin useful, which is why I don't think it's going anywhere, just like the war on drugs.

Coinbase and Fidelity are teaming up, and this is just the beginning. It will be a friendly alliance, much to the dismay of a lot of the anarchist types here who trust nothing that is "centralized."

tesla.

https://www.tesla.com/blog/all-our-patent-are-belong-you

Everything in life, besides air, food, and water, is only given value based on human perception anyways, so what's your point? Why should gold have value for that matter?  It's because people give it value. Some might consider it inherently worthless. Why is the US Dollar or any other fiat currency valuable? Some government backs them up? Bitcoin is backed up by the people who give it value. Nobody can create any more bitcoin. The rest of the altcoins are irrelevant to some people. To some people they are not, which is why some altcoins have value while others don't.  I don't argue with you there's a bubble, and I do suggest taking profits like I've done. I've taken $250,000 out in pure profit.. taken your advice, however that doesn't mean that they are all worthless because you say so.. the free market will decide.

Just because other companies try to make knockoff of mayonnaise, doesn't mean  I'm going to buy them. Hellman's is the only brand I find to be "good tasting" ....