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Honorable Bitcoin

  • #381
  • Dec 9, 2019 9:31am Dec 9, 2019 9:31am
Oh, just another "blockchain twist" to launder $3.7 billion only this year!
........................................................
A cryptocurrency is immoral by definition.
It's true that lotta crime happens in fiat.
But Bitcoin supports corruption and crime by design !

With the blockchain, it's only the digital ownership traceable.
But that sort of digital ownership doesn’t lead to anyone’s phisical identity!
The blockchain transaction strings are anonymous.
That makes the whole shit impossible to be traced out by the law enforcement if money laundry operation.
(Following the IPs it's a fake lead spread by the crypto slicks)
.............................................................
Crypto can't be real currencies because they are fundamentally cancerous for the society by design.
A currency is incompatible with the untraceability feature !
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  • #382
  • Dec 9, 2019 9:40am Dec 9, 2019 9:40am
100,000 what?!? Real dollars?
Ridiculous bullshit.

If bitcoin really means something, it doesn't really need to get high on crack!
I mean look at the JPY!
The JPY worth ~0.01 dollars today. Yeah, just one fkn cent.
But it really means something, it's an important currency!
Because it's backed by a strong economy, despite the crazy past

Flying wild high and crashing is bad name, idiot crypto psychos !
Better stay low, stay safe, stay solid ...don't help only those Craig-McAfee-Nox-KPMaggotz to get rich every time they dump you!
They are also bad name for crypto
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  • #383
  • Dec 10, 2019 7:36am Dec 10, 2019 7:36am
Bitcoin is the greatest financial scam ever engineered.
Only the stupid Nox-KPMaggotz are squeaking around against the global current order
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  • #384
  • Dec 11, 2019 2:20am Dec 11, 2019 2:20am
More and more crypto idiots are bringing out the same stupid fallacy.
They are comparing the cryptocurrencies only with the great inventions which were first contested in their outset!

It's false analogy.
Is like you try to validate a hypothesis using the analogy only with favorable arguments..
Cherry picking for idiots!

All that fallacies sounds like:
If the moon landing seemed impossible but they did it somehow, does imply that is just a matter of time until the pigs will fly on the moon !

Duuuh, crypto morons!
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  • #385
  • Dec 12, 2019 7:17am Dec 12, 2019 7:17am
Bitcoin walks like a duck it quacks like a duck...
If it pumps like a bubble, it get crushed like a bubble, it prints on the chart obviously like a bubble...
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  • #386
  • Dec 12, 2019 9:11am Dec 12, 2019 9:11am
Decentralization in crypto is a myth.
Miners are centralized, exchanges are centralized, developers are centralized, and the Gini inequality coefficient of bitcoin is worse than North Korea that has the worse inequality on earth.
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  • #387
  • Edited 3:42am Dec 17, 2019 1:59am | Edited 3:42am
I see lotta crypto imbeciles hoping LN will save their asses...

Lighting Network is a sad joke!
BTW, you can say good bye to your safe cold storage, obsessed Nox-Maggot.
The safest method for storing cryptocurrencies is impossible on a lightning network.

And what about Fraudulent Channel Close? Noxic-KPMaGgot will close the channel in your butt and pocket funds while you are away.
Or he will fraudulently contest a channel close.

Watchtowers ??? Watchtowers my ass! Watchtowers are the new generation of corruptible new middle man.
Security officer, of a private entity ??? Really ?!? Is this some kind of joke ?!
If the Fed power corrupts everything then the almighty bitcoin shit power corrupts everything !
And who's watching a private watchtower ?!

Bigger and bigger nodes??? Bigger and bigger CENTRALIZATION ...Ho, ho, ho, I thought we are supposed to fight against the infamous gov. !

And bigger and bigger TAXES , obviously, they are not stupid to control the net and not squeezing you out !!!

Offline stance could also bring down the network ..."One server outage could feasibly cause disruption across the entire network, and it could cause a large number of users to have their funds frozen for days"

LN will lead to other even more problems within the cryptocurrency’s ecosystem.

Crypto is a never ending story with idiots. Everything is rotten, but the cult's typical hypocrisy and idiocy will feed this utopia forever
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  • #388
  • Dec 19, 2019 3:31am Dec 19, 2019 3:31am
Now any teen lout can rob you ?!?..

I keep saying this for years, some Feds made it clear presenting studies recently:

hacking of exchanges represents a significant source of the crypto theft, followed by the targeting of individual users through scams using QR codes, malware, and ransomware.
More than a quarter of bitcoin users and roughly half of bitcoin transactions, are associated with illegal activity.

What ?!?

Strong blockchain + Weak interface to user = Weak system

Security in crypto is a myth !
Crypto system sucks !
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  • #389
  • Dec 20, 2019 7:09am Dec 20, 2019 7:09am
BITCOIN IT'S ALMOST DEAD ! ...of course it will never die, because stupid people are constantly born.
Remember old good 6K support for the DEATH ZONE !

So all the fuss this year was in vain !
AGAIN ?!?!?!?!? After 2017-18 ???

What is that definiton of stupidity again ??? Repeat the same fkn thing and expect different results ???
Every year !!!
Duuuuuh!

There's your proof that crypto stupid people are constantly born.

Good job, crypto crooks! Rip them off, bastards !
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  • #390
  • Dec 22, 2019 7:26am Dec 22, 2019 7:26am
Bitcoin obviously reached its critical mass of risk takers.

It keeps coming back on the chart at the minimal mining rentability threshold.
The price covers nothing more but the costs.
No extra real value
No substanitial fresh meat. Mostly the same changing hands speculators and rabid shills.

Hehe, useless encrypted computer files coming from thin air (electricity) and flying from one greedy stup to another crook...
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  • #391
  • Dec 22, 2019 9:11am Dec 22, 2019 9:11am
Its hard to analyse COT report for Bitcoin, it doesn't sound very reliable, but i'll try to get something out of it

As we can see ...

- Retail traders are ALWAYS net longs on bitcoin. Not a surprise at all, and it may be a problem for them i guess as they are very often wrong.
- Speculators, aka Smart Money, are net short the whole year. They have been increasing their shorts as we go up, and they aren't decreasing their short that much
- Asset managers & leverage funds, they are net shorts, and increasing them so far.

What we need to look at is the extreme is positions most likely. I would like to see the price rises, with retailers VERY long, so i can short into it

Bitcoin is still a short the bounce so far, with SM net short and increasing. But cautious is they begin to be extreme short, they may cut and price will rise

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COT: The precious data ignored
  • #392
  • Dec 23, 2019 2:28am Dec 23, 2019 2:28am
Quoting kuroro001
Its hard to analyse COT report for Bitcoin, it doesn't sound very reliable, but i'll try to get something out of it As we can see ... - Retail traders are ALWAYS net longs on bitcoin. Not a surprise at all, and it may be a problem for them i guess as they are very often wrong. - Speculators, aka Smart Money, are net short the whole year. They have been increasing their shorts as we go up, and they aren't decreasing their short that much - Asset managers & leverage funds, they are net shorts, and increasing them so far. What we need to look at is...
Very interesting Forex story. Actually it's the classical trade war between the banks&co and the retail. Mostly a myth.
Obviously one thing doesn't fit. The retail volumes are way much smaller.
So when a security is dropping, the banks trading can't be targeted only against the retail.
If the banks would wipe out only the retail players, the market would not even drop. Because the retail are peanuts.
The truth is that the sharks are eating each other. The guppies count only for 20% tops, as collateral victims (real volume statistic)

"The banks only against retail story" it's another myth against logic case. But thank you for your post.
Also good technical analysis.
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  • #393
  • Dec 23, 2019 8:46am Dec 23, 2019 8:46am
As long as crypto can't solve efficiently KYC, AML, CTM, crypto has no future.
But if KYC, AML, CTM are really efficient, that kills decentralization and security and that kills the crypto main idea.

Crypto proved so far that is a fairy tale for dreamers, idiots and crooks who can easily take advantage from the naive.

- If you sell a rattletrap Merc to a Balkan Nox-KPmaggot loser and make him a happy monkey, it's still business.
- But if you sell a worthless tulip bullb or some worthless encrypted computer files as "money" to the naive, it's a fkn scam.

Bitcoin on the long run, ...nice try, Nox-KPmaggot crook !
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  • #394
  • Edited 10:23pm Dec 27, 2019 4:36pm | Edited 10:23pm
Bitcoin will never die as long as naive losers will stick around. It will remain a zombie coin, not dead, nor alive

Butthurts like Nox-kpmaggot cry everywhere because bitcoin-shit will never become a currency

At the next halving spike (last chance) all miners will get rid of their bitcoin trash because the lack of bullish sentiment threatens the future of this crypto utopia
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  • #395
  • Edited 9:05am Dec 28, 2019 8:49am | Edited 9:05am
Quoting TudorIoan
{quote} If the 11500 resistance is broken... 20000 it's a sure thing! And here's the technical analysis for the next couple of years Pump-dump-pump-dump-pump-dump... ........happy humpty-dumpty party, everybody! {image}
End of the year 2019 ...ooooooooh, sorry, my prediction ...oh, I was so wrong about bitcoin !
I hoped for 20K ...at least
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  • #396
  • Dec 28, 2019 8:52am Dec 28, 2019 8:52am
Quoting TudorIoan
End of the year 2019 ...ooooooooh, sorry, my prediction ...oh, I was so wrong about bitcoin ! {image}
I really thought it could do much better than that but ...oups, very, very disappointing !

Pump, ...dump ! ...repeat: pump, ...dump !

Poor move bitcoin, poooooooooooor, hardly creeping, no future, beeeeeeeeep !
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  • #397
  • Dec 29, 2019 3:50am Dec 29, 2019 3:50am
"The problem is that the encrypted files can't be real currencies because they are fundamentally cancerous for society by design."

You are confusing "society" with governments.
Governments are mostly cancerous for societies.
Half of the taxes, bureaucracies, and regulations are useful only to the politicians, a class of its own. With extra salaries, early retirement, and all the kind of benefits they can come up with, "legally".
Sure bitcoins allow selling child pornography and other crimes.... but weapons?
Germany sold a record amount of weapons last year "legally"!! (for "peaceful purposes"??)
They don´t want the crypto competition.
Mind you, I´m not a revolutionary, I want a state that protects me, and gives me the freedom to exist freely.
I´m a fan of the EU, BUT the idiots in Brussels are to be blamed solely for Brexit.
When they start regulating how bent must a banana be to be "legal" (truly), then things are obviously gone crazy. ("cancerous")
  • #398
  • Dec 29, 2019 12:52pm Dec 29, 2019 12:52pm
Quoting cuchuflito
"The problem is that the encrypted files can't be real currencies because they are fundamentally cancerous for society by design." You are confusing "society" with governments. Governments are mostly cancerous for societies. Half of the taxes, bureaucracies, and regulations are useful only to the politicians, a class of its own. With extra salaries, early retirement, and all the kind of benefits they can come up with, "legally". Sure bitcoins allow selling child pornography and other crimes.... but weapons? Germany sold a record amount of weapons...
OMG, another anarchist !

As long as democracy exists, governments are The Society.
You are confusing the governance system with corruption.
(if one policeman is corrupted, you don't disband the whole police security system) ...fkn elementary!!!

Central banks, governments, presidents... can do mistakes or they can be corrupted, but we don't abandon the whole system just because some frustrated losers in the street are not able to understand history or economy.

If no governments ...loan sharks, crypto oligarchs, mobsters are not an alternative to the current modern system.
Democracy, modern governance structure, modern banking system ... is all we have and we reasonably rely on.

(note, I have personal issues with democracy... but it's just another show)
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  • #399
  • Dec 29, 2019 1:02pm Dec 29, 2019 1:02pm
Bitcoin is a robbing tool. They pump, they dump, and they collect the real cold cash, dollars. That's it.

Bitcoin keeps coming back to its natural death zone which is the minimal mining retability price.
Yeah, the level where bitcoin doesn't worth nothing more than the electric power they spend to produce it !!! Nothing more !

.....aaand they PUMP again.... call it robbing cycles
Because a stup is born every minute
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  • #400
  • Edited Dec 30, 2019 7:59am Dec 29, 2019 1:35pm | Edited Dec 30, 2019 7:59am
BAM! Bitcoin is crashing all the time robbing the naive.
That's because the mining ogre companies and exchanges are pumping and dumping sucking stups' real dollars along with it
Then bit-shit-coin falls at the minimal retability worthless zone.

The rising of the crypto minimal price is an illusion.
It's fake value. It's only the mining expansion -> ...seee, mining ?
It's actually all about the mining new eqipment and new levels of larger electric power expenses which pulls up every time the minimal rentability level ...not any other real value
Oh, and changing hands ...market capitalization manipulation, old trick, boring !!!


To foot the electricity bill, miners would usually sell their awarded coins for fiat money, yeah, don't be stupid naive dreamer !

Miners and exchanges don't believe in bitcoin !!!
They are only after your real dollars, naive dreamer !!!
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