Speculators : Bitcoins is up now 21k buy buy buy ! but... - page 5.

justdimin

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Quote from: dragonvslinux on June 27, 2022, 09:29:23 AM

If anything it sounds like the OP mistook this for a pyramid, thinking that if he invested 6 months ago, or 12 months ago when price was at $60K he/she would benefit more than those who invest today at $20K. Sadly for them, Bitcoin isn't a pyramid, so it's not necessarily a case of investing early means higher profits that those who invest later. Oh well.

This has been the number one thing that I tried to explain to people and they ignored me. If crypto was a ponzi, it would have been gone already, it has been over 10 years since we did this and we shouldn't really be focusing on this at all. At the time ponzi was a thing that was used in many different places, and even today there are a lot of ponzi schemes all around the world, so I understand the fear people would have.

But it is like saying dollar is a ponzi scheme, or stock market is a ponzi scheme. Just because it requires people to buy and get into it, doesn't mean that it needs to be a ponzi scheme. I mean it’s so obvious that crypto isn't and never was a ponzi, it’s right there and it’s too obvious.

P2PECS

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Quote from: gweb1996 on June 26, 2022, 02:29:38 PM

Speculators : "Bitcoins is up now 21k buy buy buy ! yeah 100k coming soon "....but it was 47k this March and 61k in 2021 ... so how the ..f..uck is bitcoin a winner ?

The only guys that won are speculators/traders that pumped and dumped and miners, the rest got wiped out ...

It starting to feel that "Bitcoin game" is a scam ...a big ponzi ...

Let me guess: your net worth is something like $30, if not negative. And it pisses you off that many of us have profited from Bitcoin.

I know the story, when the price recovers you won't come back here.

Quote from: ?? on ??

The next leg down is going to surprise us and it may get to $13000. I don't think Bitcoin is bottom at $17600. Bitcoin is still very weak and stuck at $21000 for days now is not a good sign of recovery. The fundamental and news on the war in Ukraine is also affecting bitcoin and other financial assets.

I don't say it with as much certainty as you do, but I wouldn't be surprised if the worst is yet to come.

Nrcewker

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Quote from: gweb1996 on June 26, 2022, 02:29:38 PM

Speculators : "Bitcoins is up now 21k buy buy buy ! yeah 100k coming soon "....but it was 47k this March and 61k in 2021 ... so how the ..f..uck is bitcoin a winner ?

The only guys that won are speculators/traders that pumped and dumped and miners, the rest got wiped out ...

It starting to feel that "Bitcoin game" is a scam ...a big ponzi ...

Yeah I agree with you on the fact that only the traders had made good profit in this phase.
The ones who actually suffering are the long term traders, as still if they have bought Bitcoins at around 50k usd now they are very much down if we see the price.
But not to blame the Bitcoins also, as the long term holders bought Bitcoins to hold it for longer period of time. So they don’t need to show impatient, and need to wait more.
Soon Bitcoins will recover, but yes it will take few weeks or even months.

bitterguy28

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Quote from: gweb1996 on June 26, 2022, 02:29:38 PM

Speculators : "Bitcoins is up now 21k buy buy buy ! yeah 100k coming soon "....but it was 47k this March and 61k in 2021 ... so how the ..f..uck is bitcoin a winner ?

it is 68k in 2021 and not 61k in that matter you are already wrong, and asking if how bitcoin is a winner? because it may not come that easy but in the future it will surely happen so the bottom line here is that bitcoin and its supporters are always winners.

Quote

The only guys that won are speculators/traders that pumped and dumped and miners, the rest got wiped out ...

It starting to feel that "Bitcoin game" is a scam ...a big ponzi ...

if this is a ponzi then what are you doing here? why still here ? best to get out now and let us handle our system here because we knew what we are doing and if you don't then get out now.

sheenshane

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Quote from: GeorgeJohn on June 27, 2022, 05:44:26 PM

Quote from: gweb1996 on June 26, 2022, 02:29:38 PM

Speculators : "Bitcoins is up now 21k buy buy buy ! yeah 100k coming soon "....but it was 47k this March and 61k in 2021 ... so how the ..f..uck is bitcoin a winner ?

The only guys that won are speculators/traders that pumped and dumped and miners, the rest got wiped out ...

It starting to feel that "Bitcoin game" is a scam ...a big ponzi ...

Bitcoin is something we can not be excited for it price, because of the dimensions it takes for price speculation, we were expecting a bullish market that will get up to seventy thousand to hundred thousand (70k) to (100k) but nature of market retrace. So our expectations for Bitcoin to that particular prediction of yours should be next year.

There are a hundred or thousands of people who feel regret when they didn't invest in Bitcoin while it was cheap in the market from 2015 onwards.
Because they doubted it and suspected it of a scam, Ponzi, or what so ever relatively fraud project.
But in the year 2017 when Bitcoin is on ATH, everyone talking about it regretted they didn't invest while it was cheap, and might OP feel this way.

Just understand the possible risk and invest only in what you can afford are the common advice that you've heard but it's very effective.

GeorgeJohn

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Quote from: gweb1996 on June 26, 2022, 02:29:38 PM

Speculators : "Bitcoins is up now 21k buy buy buy ! yeah 100k coming soon "....but it was 47k this March and 61k in 2021 ... so how the ..f..uck is bitcoin a winner ?

The only guys that won are speculators/traders that pumped and dumped and miners, the rest got wiped out ...

It starting to feel that "Bitcoin game" is a scam ...a big ponzi ...

Bitcoin is something we can not be excited for it price, because of the dimensions it takes for price speculation, we were expecting a bullish market that will get up to seventy thousand to hundred thousand (70k) to (100k) but nature of market retrace. So our expectations for Bitcoin to that particular prediction of yours should be next year.

dragonvslinux

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The irony being is that ponzi's allocate different percentage of profits based on the investors position within the pyramid. A good example would be fiat currencies. Those of print them benefit the most from increasing the supply. Those who are heavily invested, and/or require financial aid, receive a form of "dividends" when required (think 2008 crisis). Those at the bottom, suffer from the continued inflation.

Whereas with Bitcoin it doesn't matter if you have 0.1 Bitcoin or 1K Bitcoin. If price goes up or down 10%, the result is the same for everyone, not better for those at the top of a pyramid or worse for those at the bottom. If anything it sounds like the OP mistook this for a pyramid, thinking that if he invested 6 months ago, or 12 months ago when price was at $60K he/she would benefit more than those who invest today at $20K. Sadly for them, Bitcoin isn't a pyramid, so it's not necessarily a case of investing early means higher profits that those who invest later. Oh well.

ethereumhunter

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It's an invitation to buy bitcoin that many people are sending out to the people out there. But if people out there just follow those words without analyzing, they could be stuck buying at high prices because bitcoin's current movement is getting wilder. The person who wins is the one who can buy at a low price and sell at a high price.

But bitcoin is not a big scam or Ponzi and if people think like that, it means they don't read more information about bitcoin. Besides, they must be just following other people's words without doing any research before buying bitcoins.

buwaytress

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Quote from: gweb1996 on June 26, 2022, 02:29:38 PM

It starting to feel that "Bitcoin game" is a scam ...a big ponzi ...

So wait, the only way for you to feel that Bitcoin isn't a game, scam or ponzi, is for it to just keep going up and up and up? Stock markets and real estate, gold, every other legitimate asset that rises and falls, ebbs and flows, are scams?

I'm not a miner, speculator, and I'm still pretty happy with where it is. What does that make me, a patient ponzi supporter?

If the only thing you gained from Bitcoin is that it's not for you, though, least you came away with a powerful lesson.

Rufsilf

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Quote from: gweb1996 on June 26, 2022, 02:29:38 PM

It starting to feel that "Bitcoin game" is a scam ...a big ponzi ...

Ohh, those who think that Bitcoin is a scam are certainly in big regrets while seeing the price start to move high. It was too late for them to realize as they had already given the opportunity but unfortunately, they don't have the courage as they are being obsessed with negativity and doubts.

Honestly, I'd rather be scammed to the thing that I know(Bitcoin), rather than got fall into something that we have been promised but nothing happen in the end.

Jating

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Quote from: ?? on ??

Quote from: gweb1996 on June 26, 2022, 02:29:38 PM

Speculators : "Bitcoins is up now 21k buy buy buy ! yeah 100k coming soon "....but it was 47k this March and 61k in 2021 ... so how the ..f..uck is bitcoin a winner ?

The only guys that won are speculators/traders that pumped and dumped and miners, the rest got wiped out ...

It starting to feel that "Bitcoin game" is a scam ...a big ponzi ...

In short term, There's really a possibility that a short term outbreak will occur since Bitcoin already consolidated above 20K for multiple daily candle which is a good sign that bulls is already in control but those shills stating that Bitcoin will go to 100K with just current short term pump is surely playing the ponzi game that you are describing.

You can have a profit by playing smart and know when to TP but this is a pure gambling because there's a bunch of trader that doing do it so make sure to set target limit when buying the dip.

I guess it could be good or bad for the market, the $100k projected really did pump the price but only up to $69k. And that is the max that we can in the last bull run. I guess the shills will continue to predict it though till the next bull run.

Of course, playing smart in this game is the key, this is not a sprint, bitcoin trading is a journey and a marathon. And remember that we have a cycle to work.

I won't comment on the Ponzi Scheme argument because clearly it is not.

bittraffic

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Bitcoin as Ponzi is just his way of looking it. He is not the only one who see it that way, its understanding how it works that will make him learn about it.Orit could be that he lost money so he is butthurt.

But it can't be a ponzi because there is a market of it and the supply of BTC is very limited compare to ponzis out there. Its all for everyone too as long as they can build a miner, anyone can get some BTC form mining.

cryptomaniac_xxx

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Quote from: gweb1996 on June 26, 2022, 02:29:38 PM

Speculators : "Bitcoins is up now 21k buy buy buy ! yeah 100k coming soon "....but it was 47k this March and 61k in 2021 ... so how the ..f..uck is bitcoin a winner ?

The only guys that won are speculators/traders that pumped and dumped and miners, the rest got wiped out ...

It starting to feel that "Bitcoin game" is a scam ...a big ponzi ...

Speculators though are those person who keep buying in the dip and then sell later to make short money. What we should preach in this bear market is to buy at this level and simply hold. Historically, this is the best time s the price is very cheap.

Miners though are key part of the ecosystem, you can't blame them if they just hold or sell.

Well if bitcoin is a ponzi then it created a lot of millionaires or billionaires already.

Husires

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If you invest because someone told you “Bitcoins is up now 21k buy buy buy! yeah 100k coming soon” you will most likely make losses because over time you will be shocked that the analyzes were not accurate and then the fear will start to control you and the greed will disappear and you start looking for how to sell these investments Which will end up selling you for much less than its real value.

Poker Player

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Quote from: gweb1996 on June 26, 2022, 02:29:38 PM

Speculators : "Bitcoins is up now 21k buy buy buy ! yeah 100k coming soon "....but it was 47k this March and 61k in 2021 ... so how the ..f..uck is bitcoin a winner ?

The only guys that won are speculators/traders that pumped and dumped and miners, the rest got wiped out ...

It starting to feel that "Bitcoin game" is a scam ...a big ponzi ...

That's because you have a short term mentality, what you expect from Bitcoin is to make a quick buck, when the best thing to do is to accumulate and forget about the ups and downs of the market.

It is better to buy Bitcoin for its intrinsic, unique properties, but it seems to me that you have not considered that.

The most successful strategy with Bitcoin to date has been to accumulate to the maximum, being able to spend a little or sell at high peaks, to savor profits, just as you can also buy now more than usual because it is cheap.

adaseb

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Many people made good money with bitcoin in the past. It made many people wealthy. But the issue is that many were expecting something crazy like $100K or $250K.

Look at how many people bought at $20K before it broke out in late 2020. Many didn’t want to sell at $60k because it was only 3x and they basically made a round trip and are at break even now.

Those that took partial profits at $50K or $60K are probably buying it back now.

Kemarit

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Quote from: gweb1996 on June 26, 2022, 02:29:38 PM

Speculators : "Bitcoins is up now 21k buy buy buy ! yeah 100k coming soon "....but it was 47k this March and 61k in 2021 ... so how the ..f..uck is bitcoin a winner ?

The only guys that won are speculators/traders that pumped and dumped and miners, the rest got wiped out ...

It starting to feel that "Bitcoin game" is a scam ...a big ponzi ...

Those that are wiped out are inexperienced traders who thought that we are going to hit $100,000 at the end of 2021. Maybe they were deceived, but not taking a profit around $60,000? that is a bad idea.

Anyhow, we should move on, learn from our past mistakes, take advantage of this bear market, fatten our wallet with BTC because they are ridiculously cheap and just sit back, don't make things complicated if you don't have the experienced and just continue to buy during dip.

Fundamentals Of

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I'm afraid you're looking at it the wrong way. If the price is $21,000 and it was $47,000 this March and $61,000 in 2021 but $100,000 coming soon, you shouldn't be looking at it as if it has swerved, changed direction and goal, and you lose hope. Look at it in a way that you're given the opportunity to buy more considering that it has already gone to $47,000 and $61,000 and that $100,000 is coming. This is a sale that's happening right now. Why do you sound so afraid of it?

hatshepsut93

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This is a win for Bitcoin, because it defended a key historical level, after falling bellow it for a short time. This means that Bitcoin is not as week as it seemed when that happened. At least for now.

I don't think that this means that it already became bullish and the bull market has started, maximum that you can expect right now is a relief rally/dead cat bounce. But if this is the bottom of this cycle, this is good for the long-term bullishness of Bitcoin.

goaldigger

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A scam that brings a lot of money to many? Well, I’m willing to get scammed by Bitcoin.
Seriously, you just need to understand the trend and know when to buy you can have a good price to enter and a good target price to make profit. This breakout might be little and still weak, so better to wait for other confirmation before buying. Bitcoin hits the oversold area and maybe this is the start of the pump but a dump after this is still possible, to avoid this kind of thinking better to continue analyzing the market.

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