Wake up before it is too late - page 5.

solarion

hero member

Activity: 966

Merit: 513

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.

Not just a religion also you will find the people here all in the forum who believes the bitcoin as a money and usage mode access anything. Even for normal money will be authenticate with the some government entity to make people believe it.
But bitcoin is both the transaction holders hold the bitcoin has the value and would like to have the trusted source. For me bitcoin is the hope for all the things to do.

TangentC

member

Activity: 266

Merit: 20

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.

HeRetiK

legendary

Activity: 3122

Merit: 2178

Playgram - The Telegram Casino

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

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 new symptom of an old problem -- namely Bitcoin's scalability -- that came with the increasing popularity of Bitcoin and that will be solved sooner or later. A few years back Bitcoin was both faster and cheaper than bank transactions and we'll reach that point again sooner or later. Meanwhile, even at its worst, Bitcoin is still cheaper and faster when it comes to international remittance.

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

A currency which is heavily impacted by "civil wars" with rival crypto currencies?

I wouldn't call a weekend of a full mempool a "heavy impact". Otherwise you could also argue that banks are "heavily impacted" by weekends and banking holidays.

If you're talking about the impact on price, than that's a silly argument. Price changes like these are just short term fluctuations and don't change the technical and economical fundamentals.

If you're talking about other impacts, please elaborate.

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

A "currency" even less stable than the former Zimbabwean dollar.

How so? Please elaborate.

Dart18

sr. member

Activity: 1400

Merit: 259

This aint about just to agree with bitcoin here.
There are other people who are just like you and you will see it in days observing this thread of yours.
They will somehow put their comments here and will agree with then will suggest another coin.
You have your own choice to believe it or not.
That is the forum all about. No one will force you.

freightjoe

full member

Activity: 238

Merit: 109

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.

SMB-2525

full member

Activity: 195

Merit: 100

Bitcoin does not meet the definition of a Ponzi scheme.

It does meet the definition of a bubble.
Just like real estate and equities in the USA are bubbles.

The key thing to keep in mind with Bitcoin is it is about to become a regularly traded commodity on the Chicago Mercantile Exchange.
This is very important in the evolution of BTC into a first rank commodity.
http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html

It is not currency.
It is a commodity like gold, oil, silver, platinum.
Everyone in the universe who actually buys and sells BTC treats it as a commodity.

I know BTC has some aspects of a currency. This is because it is easier to exchange for something else in a barter transaction than, say, crude oil.
BTC and crude oil have well known values. But taking possession of the latter and then reselling it is problematic.
Transactions are easier for BTC. But the mechanics of using BTC in a transaction are exactly the same as any other commodity.

diguyo

full member

Activity: 274

Merit: 100

I think you're on the wrong forum mate...either that or you've missed the boat. You're entitled to your opinion, but you won't find anyone agreeing with you here, especially after so few posts and such a brief 'it's a ponzi scheme' claim.

freightjoe

full member

Activity: 238

Merit: 109

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

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

If that is your take-away from my post, clearly you do not have the intelligence to understand the point. I just feel sorry for the people out there who can genuinely not afford to lose their savings, but right now have them tied up in this scheme, and if they don't get out will end up with no savings.

JTPhotography

member

Activity: 112

Merit: 11

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

freightjoe

full member

Activity: 238

Merit: 109

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....

Topic: Wake up before it is too late - page 5. (Read 1495 times)