Not what I want to think about when I've spent over 5000 GBP on BTC & judging by the current price I'm at a massive loss.
Sorry to hear that, looks like you are on a long run now if you are planning to hold them.
Topic: Was Bitcoin actually just a Pump and Dump? - page 32. (Read 45041 times)
Sorry to hear that, looks like you are on a long run now if you are planning to hold them.
You do have a point but I think this is bigger than the Internet (or will be). Bitcoin most likely won't be the end result of digital currency. Something else will take it over. What really needs to happen is have some integration with the banks and the cryptocurrency network. That will be the true winner at the end of the day. Something where you CAN store in banks as an option but pull it out and store on your own if needed.
I agree, as Karpelles said just before stealing 500m US Dollars worth of BTC: "Bitcoin was just an experiment"
BTC is the entry level or introduction to the world to digital currencies let's say, nothing will ever stop the central banks to change their monetary system unless they rule it, or create it.
So the experiment could be BTC as Karpelles said.
Once they decided is enough then they will merge some other types of cryptocurrencies or digital money into bank accounts.
And regarding Satoshi all i know is that he came up saying he does not know anything about Bitcoin, well some satochi nakamoto somewhere in California.
Not what I want to think about when I've spent over 5000 GBP on BTC & judging by the current price I'm at a massive loss.
How you can say that & Satochi didn't even touch his coins on the first place 
You do have a point but I think this is bigger than the Internet (or will be). Bitcoin most likely won't be the end result of digital currency. Something else will take it over. What really needs to happen is have some integration with the banks and the cryptocurrency network. That will be the true winner at the end of the day. Something where you CAN store in banks as an option but pull it out and store on your own if needed.
No. If this was the case Satoshi would have dumped his coins and bought his own island by now. That's not to say he wont dump them in the future but there's always the risk.
I don't have any doubt that this was all just big pump and dump, but my theory is, even the BTC creators didn't realize that Bitcoin would go this far.
This is an open discussion, so your thoughts more than welcome.
Here is what i think that happened:
"A few people with a lot of money, a few brilliant ideas and the will to fuck everyone up in order to make loads more money came up with a great idea: let's create digital money, some bullshit about fighting banks, some japanese guy that doesn't really exist, silkroad for a bit.
Let's give this Bitcoin thing value by pumping the hell out of it, and let it drop on a bunch of unwanted childs that dream of getting rich with this shit.
In the Meantime we will have an organized ring of scammers ( Karpelles, cryptorush, mintpal.. etc etc .. ) that will make us even richer.
We will also have another organized ring of scammers/devs that will create new coins so we can pump and dump the hell out of them to make even more and more money.
Once this shit gets regulated we will just leave with more billions and see ya"
Here is what i think that happened:
"A few people with a lot of money, a few brilliant ideas and the will to fuck everyone up in order to make loads more money came up with a great idea: let's create digital money, some bullshit about fighting banks, some japanese guy that doesn't really exist, silkroad for a bit.
Let's give this Bitcoin thing value by pumping the hell out of it, and let it drop on a bunch of unwanted childs that dream of getting rich with this shit.
In the Meantime we will have an organized ring of scammers ( Karpelles, cryptorush, mintpal.. etc etc .. ) that will make us even richer.
We will also have another organized ring of scammers/devs that will create new coins so we can pump and dump the hell out of them to make even more and more money.
Once this shit gets regulated we will just leave with more billions and see ya"
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