Topic: The stupidity of crowds (Read 3438 times)

This is spot on! But to be fair, is it necessarily a bad thing? Yeah it causes volatility and can kill some coins, but the major challenge for most any coin and its tech is adoption. So if the crypto can gain more momentum and bring in more users because the mainstream media covers absurd increases in prices, isn't that somewhat of a good thing? Because in the long run, the coins with solid teams and offerings will thrive, and this exposure to the masses can be used to their advantage.

The market saw a tremendous uptick, right along ETH. New blood thinks ETH is proven. It is not. Not even remotely. It fucked up, HARD FORK. It's EXTREMELY centralized. I'd love to see this coin wither away. It's the antithesis of crypto.

I got involved in early 2011. This wave of ETH and ICOs I'm seeing is pure garbage. It will mount to nothing. It's all just a casino. If bitcoin fails, nothing will succeed. Adoption will just take time. That is all. Time.

@bohr
Safer ?

Uhh no nice try.  

It's a blatant feeding frenzy for ROI's.
Off of ?
Who gives shit ..JUST LIKE THE GUY SAID ON THIS TOPIC EARLIER. (Mr. Escorts)

I have said endlessly most of you are NOOBS here in crypto.
And young and often don't understand English.
You all simply pile in to teh exchanegr too buy the profits-coins fer teh ROI'z.

For a forum dedicated exclusively to cryptography, economics, computer programming etc
The IQ level over all with the crowd is shockingly LOW !
I feel like i am surround by mouthy little toddlers.

I mention that yet again because ?
You all don't know what a scam is.
You don't know what it means within the context of crypto or in the outside world through out history.

I do and have done my research.. and read testimonials by scam victims.
I have known victims trapped in the old water filter pyramid scheme scam for example.
You don't even see when you are talking like a pyramid scheme victim.
All you people do is try and lure in more victims so you can cash out on them.
Just like any pyramid scheme in human history.

You don't see you are playing this ancient game for profits via a corrupt system.
There is a reason why ponzi and pyramid schemes are considered bad.

And look around ?

That is all this stupid bullshit has amounted to.. from end to end.

You are all just participants in a new ages variant of the old pyramid scheme scam.

I can say that because i know what the word means.
And you all just say "Free Market" and "some" and "i need escorts"

When i go to other sites i am immediately reminded the that world isn't this dumb.
It's a breath of fresh air not seeing a fraud shill attacking someone over their haircut in defense of their ICO pyramid scheme scam.
I like going to other sites because they are not overloaded with brain dead greedy little corrupt Investards asking for "advices" for which profits coins on teh exchanger they should buy.. every five fucking minutes  

The IQ level of the crowd here is dragging on the ground.. and they have way too much money to burn. (a perfect storm)
Which is why Ethereum frauds are pushing their ICO "App's" gimmick coin bullshit.

Who is the lamb and who is the wolf Investards ?
They don't care what the answer is..
All they care about is if they can make a few hundred bucks of the "project"
..even if the "dev" makes 2 billion via shady means.

News Flash NOOBS..
It wasn't like this here before.
YOU showed up and fucked this shit up bad.. this is all embarrassing crap !

People feel safer when moving with the crowd, so if everyone is in a frenzy buying a particular coin then everyone follow it is really that simple.

https://twitter.com/SatoshiLite/status/877440286384947200

Litecoin Creator.


So pretty much everybody who knows what they are talking about are all saying the exact same thing.

I feel bad for the person who bought my ETH this morning.
I was looking at the buy orders and thought to myself, what are you doing?!
Lets see who will be right a month from now, lol. My sell your BTC call from last week was exactly wrong so who knows. But I bet I'm right about ETH going down. I used it, for a week, and am done with it as of today. It's not ready for prime time and I'm not letting ETH hold my money.
I still like my BTC  .

They can do what they want and they can do it for whatever reason.
Who are you to tell them what the right reason is?
We don't have to conform to your frame of mind.
I don't care what Georgia Pacific's view of abortion is. I buy the lumber at home depot and hammer it together into a house, lol.

Ah crap gotta go bye!

LMFAO, Mindlesscache is considering himself as a "hard working poster"! I'm no one "sockie", bitch! Trolling me will never prove your point and I will always happily bash you down to the ground.

The price of Ethereum just dropped today drastically. Hope we are safe?

Not trying to be an ETH hater but all this stuff is making sense. ETH is in a bubble, which is unfortunate, but it is.

This is worth a look (http://populicapital.com/website-launch-and-ethereum-correction/). I layered a well known bubble chart from Hofstra University over ETH/USD and the signs are clear.

For those in it for the long term, you are safe. In 1-2 years time, ETH will be higher again and if it doesn't happen soon, it is going to pass out Bitcoin in market capitalisation!

But for now, a major correction is needed.

Look at your trust and warnings besides your name and remind us all who the real fraud is. Remember your sick trolling has cost genuine hard working posters here at least $100,000 and a mortgage free life. You Spoetniktard and your sick sockie sidekick Spartak_nt are the real frauds. 

That about sums it up.
But the key difference that jumps out at me is..
Berni Madoff went to jail.
Martha Stewart did too for "Insider Trading"

In crypto Mark from GOX is posting pic's from the beach with a martini laughing on Twitter.

Paul from Cryptsy is now sitting on 30 million in BTC.. and hiding.

There is a net sweeping up a lot of the real stock market bullshit.
In crypto Alex Green and the Mintpal saga was forgotten fast.

I want to see a ton of the crypto-players behind bars.
I want to laugh at them and poke them with a stick.  

And to the escorts guy earlier.. learn how to masturbate.  

And Minecache ?
You were voted unanimously here by the forum as a FRAUD.

Unfortunately there's a lot of people in the Crypto space who don't even know what decentralization means, all they are here for is to make a quick buck. I cringed just the other day when I watched a video of one of the crypto youTube analysts praising the government. It looks like Satoshi's vision has been abandoned for Wall Street greed.

Of course. Two people's opinions are controlling a market with over $1.25 Billion in daily trade volume. I once told you I think your IQ equals a room temperature, but now I'm starting to believe its even lower.

You'd like someone to eat out your ass wouldn't you Spartak_nt. Why don't you ask your sockie bum chum Spoetniktard? He's got his hand up your ass half the time anyway.

Some history for our gentle readers. Don't believe a word of these well known ETH hating trolls. Their advices to date have cost other investors in ETH a minimum $100,000 and a mortgage free life. They are just trying to talk down the price so that they can buy in cheap. Don't let them.

All indeed only a momentary embodiment such as eth and other altcoin,All keep on bitcoin.Bitcoin will not disappear even though eth and other coin is very fantastic price.For now maybe people are only fixated on eth, which obviously will eventually keep up with bitcoin.

It is true we await round based ETH ICO Ethereum bubbly will start to appear so many distracting to them because of the high price
 that many make many devotees

I'll be buying some beer and popcorn, because an EPIC dump is incoming and ETH shills will learn their lessons... in the hard way... Bad thing is that many alts will probably suffer, but it is what it is... 

You got this wrong. There is a "tiny" difference between "investing" in a project, which you believe it will "succeed" in 2 weeks or 2 years. Majority of the people are just buying and selling "the coin of the day", without bothering what may happen with it in future. And they move on. I do not care about these people as it is their right to do so, but that's not the main problem here. Back in the days we had a few obvious scams, which is pretty normal, but now we have people who are investing billions of $ in a broken technology. And main problem is that they know it, but they do not care as long as they are "sure" it will make them profit.

On the other hand we have hard working people, who "invested" not only their money, but their lives as well. And one day they'll all see their work valued at 0, because of a few million greedy f*ckers.

The subjective reasons one may have for believing in a project may be objectively shit.