Wake up before it is too late - page 4.

freightjoe

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Quote from: Zorbak on November 15, 2017, 08:51:25 AM

Does really someone really take serious this post? Not see it's just a trolling without sense and arguments are poor?...

Thank you for proving my initial point - this forum is an echo-chamber of the believers only talking to each other, and are too thin-skinned to accept a dissenting opinion

SMB-2525

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Quote from: freightjoe on November 15, 2017, 08:38:17 AM

Have you considered my previous question about looking in the mirror and figuring out which one of the two you are?

I am neither. Nor is anyone on this board.
In order to define BTC as a cheaters game, you have to conclude that virtually every investment opportunity is "cheating".
People who buy bitcoin are only cheated in the same way that people buy stocks or real estate or commodities as investment.
The price either goes up or it goes down.

freightjoe

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Quote from: SMB-2525 on November 15, 2017, 08:47:40 AM

Have you even considered the implications of regulatory approval to create a bitcoin futures market on the CME?
And then the approval to create BTC exchange traded funds (ETFs)?
These are not events that occur for ponzi schemes.

Of course they are Roll Eyes

. Read up on Bernie Madoff who is now in jail for the biggest ponzi scheme of all time in the US:
https://en.wikipedia.org/wiki/Bernard_Madoff

He was a top market-maker on Wall street not to mention non-executive chairman of the NASDAQ

hence your arguments prove absolutely nothing

Zorbak

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Does really someone really take serious this post? Not see it's just a trolling without sense and arguments are poor?...

SMB-2525

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Quote from: freightjoe on November 15, 2017, 08:38:17 AM

Quote from: SMB-2525 on November 15, 2017, 08:32:17 AM

Note, BTC is not implicated, it is too big.

ahhh..... so big in itself means it cannot be manipulated? Guess we should let Bernie Madoff out of jail then.....

Have you considered my previous question about looking in the mirror and figuring out which one of the two you are?

Have you even considered the implications of regulatory approval to create a bitcoin futures market on the CME?
And then the approval to create BTC exchange traded funds (ETFs)?
These are not events that occur for ponzi schemes.
Your point that BTC is not a currency is correct. But people here have limited understanding of the difference between a currency and a commodity. They might think gold is a currency.

People here are like people who hold any other asset class be it real estate, gold, or stocks. There is no more reason for the price of BTC to collapse than there is for the price of gold to collapse.

BingoDog

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Quote from: freightjoe on November 15, 2017, 07:10:25 AM

Wow how this forum is an unbelievable echo-chamber fueling one big ponzi scheme. Bitcoin as a currency, give me a break. A currency where it takes days to clear payments unless you pay massive fees - fees that are hostage to whatever vagaries the miners have? And if you don't, you are left in limbo where you have no idea whether it takes minutes, hours or days to move your money? A currency which is heavily impacted by "civil wars" with rival crypto currencies? A "currency" even less stable than the former Zimbabwean dollar. Don't get me wrong - the other crypto "currencies" equally well fit the ponzi scheme.

It is abundantly clear from reading in here for quite a while that the vast majority of people speculating in here are simply pinning all their hopes and dreams on the notion that these tulip bulbs - sorry tokens - can only rise in value. Sorry to say, but some people are going to get hurt badly eventually....

Your post is just the proof that bitcoin is obviously not for everyone, at least not for the people who don't know anything about bitcoin and its history, or any cryptocurrecy, how it's functioning and expect nothing but profit all the time. Huge price increase has brougth to bitcoin many good things but also too many ignorants who only wanted to get a lot of money over night and when they didn't manage it, they are very disapointed. For the things that you don't understand the easist thing to say is they are no good.

freightjoe

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Quote from: SMB-2525 on November 15, 2017, 08:32:17 AM

Note, BTC is not implicated, it is too big.

ahhh..... so big in itself means it cannot be manipulated? Guess we should let Bernie Madoff out of jail then.....

Have you considered my previous question about looking in the mirror and figuring out which one of the two you are?

SMB-2525

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And just in time for this discussion, here is an article on the real pump-and-dump schemes in the crypto universe.
Note, BTC is not implicated, it is too big.

https://cointelegraph.com/news/buyer-beware-cryptocurrency-pump-and-dump-schemes-coordinated-in-telegram

freightjoe

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Quote from: BitcoinHodler on November 15, 2017, 08:17:42 AM

for a very long time which is nearly 9 years now, bitcoin had no issues, empty mempool and low fees even as low as 0 satoshis. and you were nowhere to be seen.

Why should I bother when no-one apart from a group of people were playing around in a sandbox. I couldn't care less.

But when I now see that a lot of people with absolutely no financial knowledge stand to be cheated out of their lifesavings because immoral people are convincing them to jump onboard, then I do care.

Perhaps a good illustration is from one of the other discussion threads in here where people were talking about what the main advantages of Bitcoin was. In here there was the following:

"bitcoin is one of the biggest potential to make us become rich in quick time"

Bitcoin is indeed a get-rich-quick-scheme.

If you are involved, look yourself in the mirror and ask yourself: Am I the one being cheated, or am I the immoral bastard who is cheating someone else out of his life savings ?

Tszunami98

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The technology is just at the beggining, there are some issues of course, but those issues will be resolved in the future. I agree that bitcoin is not the best option for commerce right now, but is a great asset for investment. If you want to move money around and have low fees , there are always other currencys you can look up into.

rayymat

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this forum is undisputedly great with so much info regarding cryptocurrencies.

n4poleon

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Quote from: freightjoe on November 15, 2017, 08:07:33 AM

Quote from: n4poleon on November 15, 2017, 07:59:12 AM

Only uninformed, desperate individuals only put their life savings into bitcoin. Unfortunately, there are some. But your claim on bitcoin is a ponzi without actually backing it is intellectual dishonest. I bet you're just whinny about your transaction and didn't consider some things like this is an open source project and almost all of the efforts going on are voluntary. People here are diverse.

It is clearly a ponzi scheme looking in here. Nothing but lots of people being busy talking up the price spouting messages about how this will finance their house and car or other posts about how you can convince friends and family to "invest" in Bitcoin as well. The more people are brought into it, the higher the price.

Oh, it is abundantly clear what is happening here. Some very smart people have bought bitcoin and are perpetrating a long-term pump-and-dump where they are slowly selling out while they ride the curve upwards. The ones being left holding the bag when the whole thing collapses are the ones who are indeed uninformed desperate individuals who are then left even more desperate not only having lost their own savings, but also stand with the shame of being responsible for friends and family suffering losses as well.

So yes, people in here are diverse. Some are preying on the weak, and some are being preyed upon.

You're just describing the acts of shill. Based on your definition of what a ponzi is, - stocks, precious metals and forex have the same marketing mechanisms therefore they're ponzi scheme too.

BitcoinHodler

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HODLing is an art, not just a word...

for a very long time which is nearly 9 years now, bitcoin had no issues, empty mempool and low fees even as low as 0 satoshis. and you were nowhere to be seen.
then this year, because of massive adoption that bitcoin had (adoption as a currency) the number of transactions suddenly grew too big and there was also the fight to take control of bitcoin was hot. so for about a month or so the spam attack was sever and fees were high.

things were fine for a couple of months ever since that pre-August fights until for the past 3-4 days because of mining issues caused by bitcoin cash the mempool were big and fees grew two big.

you are using these two small incidents as your only point of reference and claiming bitcoin is not a currency!

either you are a fool or this is the only other explanation:

Quote from: JTPhotography on November 15, 2017, 07:12:28 AM

So in other words you’ve missed out and you’re bitter?

SMB-2525

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Quote from: freightjoe on November 15, 2017, 08:07:33 AM

It is clearly a ponzi scheme looking in here. Nothing but lots of people being busy talking up the price spouting messages about how this will finance their house and car or other posts about how you can convince friends and family to "invest" in Bitcoin as well. The more people are brought into it, the higher the price.

Oh, it is abundantly clear what is happening here. Some very smart people have bought bitcoin and are perpetrating a long-term pump-and-dump where they are slowly selling out while they ride the curve upwards. The ones being left holding the bag when the whole thing collapses are the ones who are indeed uninformed desperate individuals who are then left even more desperate not only having lost their own savings, but also stand with the shame of being responsible for friends and family suffering losses as well.

So yes, people in here are diverse. Some are preying on the weak, and some are being preyed upon.

Ponzi has a very well understood definition. Your assertion that BTC is a ponzi does not make it so.
If it were a ponzi scheme, it would never get regulatory approval to trade as a commodity on the Chicago Mercantile Exchange (CME).
Now if you want to find a BTC related ponzi, you only need to go to bitconnect.com.

Your pump and dump argument may be more on point. A pump and dump is not a ponzi. Over the years, many commodities have been "pumped and dumped".

freightjoe

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Quote from: n4poleon on November 15, 2017, 07:59:12 AM

Only uninformed, desperate individuals only put their life savings into bitcoin. Unfortunately, there are some. But your claim on bitcoin is a ponzi without actually backing it is intellectual dishonest. I bet you're just whinny about your transaction and didn't consider some things like this is an open source project and almost all of the efforts going on are voluntary. People here are diverse.

It is clearly a ponzi scheme looking in here. Nothing but lots of people being busy talking up the price spouting messages about how this will finance their house and car or other posts about how you can convince friends and family to "invest" in Bitcoin as well. The more people are brought into it, the higher the price.

Oh, it is abundantly clear what is happening here. Some very smart people have bought bitcoin and are perpetrating a long-term pump-and-dump where they are slowly selling out while they ride the curve upwards. The ones being left holding the bag when the whole thing collapses are the ones who are indeed uninformed desperate individuals who are then left even more desperate not only having lost their own savings, but also stand with the shame of being responsible for friends and family suffering losses as well.

So yes, people in here are diverse. Some are preying on the weak, and some are being preyed upon.

n4poleon

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Quote from: freightjoe on November 15, 2017, 07:28:48 AM

Quote from: diguyo on November 15, 2017, 07:22:32 AM

I think you're on the wrong forum mate...

I am in the exact right forum - if just one poor soul out there uses this as the final nudge to get them to sell and thereby save their life savings, then it is mission accomplished.

And this is exactly the forum where "true believers" are - looking at all the discussions in here it is clear that Bitcoin is neither a currency nor a commodity. Bitcoin is a religion where faith is the only thing that matters.

Only uninformed, desperate individuals only put their life savings into bitcoin. Unfortunately, there are some. But your claim on bitcoin is a ponzi without actually backing it is intellectual dishonest. I bet you're just whinny about your transaction and didn't consider some things like this is an open source project and almost all of the efforts going on are voluntary. People here are diverse.

vk279

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Quote from: freightjoe on November 15, 2017, 07:46:46 AM

Quote from: vk279 on November 15, 2017, 07:43:47 AM

Bitcoin is the king of cryptocurrencies and I see bright future.

Thank you for illustrating my point that Bitcoin is nothing but a religion based on faith

Thanks but its not faith based religion. Market cap, being the first crypto currency etc make it no.1 and that made me say its the King.

Voice-Of-Reason

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Quote from: TangentC on November 15, 2017, 07:40:48 AM

Insane Fees , weeks to receive a transactions.

Core version of Bitcoin is Broken!

Only idiots can't realize that.

and their are a lot of damn idiots in these forums.

I was blind, but your bigger font and red coloring made it clear! thanks for this!

freightjoe

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Quote from: vk279 on November 15, 2017, 07:43:47 AM

Bitcoin is the king of cryptocurrencies and I see bright future.

Thank you for illustrating my point that Bitcoin is nothing but a religion based on faith

vk279

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Quote from: freightjoe on November 15, 2017, 07:28:48 AM

Quote from: diguyo on November 15, 2017, 07:22:32 AM

I think you're on the wrong forum mate...

I am in the exact right forum - if just one poor soul out there uses this as the final nudge to get them to sell and thereby save their life savings, then it is mission accomplished.

And this is exactly the forum where "true believers" are - looking at all the discussions in here it is clear that Bitcoin is neither a currency nor a commodity. Bitcoin is a religion where faith is the only thing that matters.

Bitcoin and cryptocurrencies are still in an infancy stage. De-centralized, distributed ledger of public ledger can't be a ponzi scheme but in the coming years we will see it being adopted by the whole world. Financial and non-financial application opportunities of Blockchain technology are endless. It can be utilized in every industry.
Bitcoin is the king of cryptocurrencies and I see bright future.

Topic: Wake up before it is too late - page 4. (Read 1489 times)