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Honorable Bitcoin

  • #421
  • Edited 1:50am Jan 6, 2020 12:16am | Edited 1:50am
Bitcoin already dead ??? Geopolitical risk and bit-shit-coin doesn't moving ???
Look at the Gold, OMG!! Where the fck is bitcoin ???
Gold ...GHold!
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  • #422
  • Jan 6, 2020 7:49am Jan 6, 2020 7:49am
Nice fake news by people that want crypto crap to go up
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  • #423
  • Jan 6, 2020 1:58pm Jan 6, 2020 1:58pm
Quoting TudorIoan
Bitcoin already dead ??? Geopolitical risk and bit-shit-coin doesn't moving ??? Look at the Gold, OMG!! Where the fck is bitcoin ??? Gold ...GHold! {image}
You are entirely correct. Pump and Dump is a method used by unscrupulous people to fleece the lambs. Don't be one of them.
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  • #424
  • Jan 7, 2020 1:21am Jan 7, 2020 1:21am
Quoting Hutch
Nice fake news by people that want crypto crap to go up {image}
Bitcoin hype = FAKE !
Crypto shills has the crooks mentality but they call "crooked" the current global system.
Liars scream "liars" !
HYPOCRITS !
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  • #425
  • Edited 3:10am Jan 7, 2020 1:29am | Edited 3:10am
Quoting Hutch
{quote} You are entirely correct. Pump and Dump is a method used by unscrupulous people to fleece the lambs. Don't be one of them. {image}
Bitcoin manipulation! A robbing tool. The naive get screwed every time when the whales are selling all together. Nice pic !
All bitcoin chart is pump and dump.
See the current rally, manipulation from crypto ogre companies to feed the impression that bitcoin reacts to geopolitical risk ! Pathetic try !
Too late, bitshit crooks ! The game started whitout you some time ago while you were sleeping
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  • #426
  • Jan 7, 2020 4:30am Jan 7, 2020 4:30am
Quoting YYZ
There is no difference between BTC and any other charts...Difference is among traders who are trading BTC and others who are trading anything else....
You're right. But I'm not talking about trading mostly, ...although I should Speculators' itchy fingers are welcomed to BTC
This thread is much more about fundamentals, investing... ethics ...just one thing, you can't sell worthless computer files out of nothing as money, it should be illegal
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  • #427
  • Jan 7, 2020 5:56am Jan 7, 2020 5:56am
Some people believe that so called crypto currencies will be the money of the future with the favorite being bitcoins. For that to happen governments would have to accept that they no longer control the financial system of the countries concerned. This will never happen. On the other hand, with ever rising technologies, I firmly believe that sooner or later a country will stop issuing bank notes and replace them with the equivalent of a crypto currency of its own. The big difference is that while bitcoins are totally anonymous that country's electronic currency will not be anonymous at all and will be equivalent to the electronic transactions of today such as those generated with credit/debit cards or bank transfers. Only time will tell.
  • #428
  • Edited Jan 8, 2020 5:27am Jan 7, 2020 6:56am | Edited Jan 8, 2020 5:27am
Quoting Hutch
Some people believe that so called crypto currencies will be the money of the future with the favorite being bitcoins. For that to happen governments would have to accept that they no longer control the financial system of the countries concerned. This will never happen. On the other hand, with ever rising technologies, I firmly believe that sooner or later a country will stop issuing bank notes and replace them with the equivalent of a crypto currency of its own. The big difference is that while bitcoins are totally anonymous that country's electronic...
Agree. Common sense observations, thanks.

Blockchain is a very powerful cyber security tool. Great invention.
Anyone can put data on it. Governments included.
But money on blockchain it's just another story.
Even if the governments will clear up the anonymity of the owners, which is such a nonsense, tokenized financial assets rise lots of new problems for economies, finances, society... like:
- potential deflationist black holes because of the limited item's supply protocol,
- energetic sustainability,
- huge computational power of some ogre companies turned in the new oligarchies,
- questionable probity and vulnerability of the "new middle man" meaning the "interface" between the blockchain and the terminals, devices, the final user...

These are fundamental issues, and I am affraid is not just a matter of time to see them improved.

A fundamental wrong idea has no good perspective.
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  • #429
  • Edited Jan 8, 2020 12:28am Jan 7, 2020 7:24am | Edited Jan 8, 2020 12:28am
Quoting YYZ
{quote} Well yes, I was talking strictly about trading and absolutely in general...I do not have money to trade BTC...It was just comment, personal opinion. There is no ethics in trading and if there is then by who? Market makers manipulate trading because they can and that is understandable...good thing in my opinion is that trading although manipulated is not random .
Nice ...apparently the only "ethics" in trading is profit
Well, there is minimal ethics in trading, check the SEC's...
A Ponzi scheme, although makes profit for some, ...you know what I mean.

Then, trading futures, meaning investing in something inexistent but promising for profit, is not quite the same thing as if I sell to you a tulip bulb or a computer file as money..Selling something you know it has no value it's not trade, it's swindle.
There are nuances that common people can't figure them out and the crooks take advantage from it. That's why the tulip bulb bubble, the subprime credit bubble, the stocks bubble, the crypto bubble... all the same because greed and stupidity.

Ok, maybe you think in a free world greed and stupidity should be left alone, the natural selection would take its unimpeded course and natural equilibrium will come up at last as necessary sanitation process
I would respect that view, ...but I would call it cynical
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  • #430
  • Edited Jan 8, 2020 3:35am Jan 7, 2020 7:43am | Edited Jan 8, 2020 3:35am
Quoting TudorIoan
{quote} 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)...
Quoting YYZ
{quote} I did not think anything cynical. Market Makers control price and time so retail trader cannot do anything about it. Market makers have enough money and resources to know almost any information on time so they can prepare their trading on time , plan A , plan B...This is just reality in my opinion... Cynicism doesn't serve me personally at all. What would I do with cynicism about trading?If I can follow market for a few pips profit I am happy......
Please refer to #392 post ...about Forex market makers myth.
Good for you, make your pips !
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  • #431
  • Edited 8:15am Jan 8, 2020 12:23am | Edited 8:15am
The bitcoin will die not because Central Banks will destroy it
Bitcoin will die because it has major fundamental flaws !
Bitcoin can't be ...anything. Bitcoin is rotten inside.
It comprises inherent contradictions between decentralization, security and privacy.
Time is irrelevant. A rotten thing stays as such, not a matter of time.

For something fundamentally wrong is not a matter of time to get improved !
...it's just a matter of time to disappear

- the anonymity of the transactions generates the perfect medium of crime,
- potential deflationist black holes because of the limited bitcoin supply protocol,
- energetic unsustainability,
- it's inacceptable for the huge computational power ogre companies to turn into the new powerful oligarchies,
- questionable probity and vulnerability of the "new middle man" meaning the interface between the blockchain and the terminals, devices, the final user...
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  • #432
  • Jan 8, 2020 5:25am Jan 8, 2020 5:25am
Buy Gold, don't be stupid ! Bitcoin is trash, is nothing.
What, a computer file out of wasted very expensive electric power ?????
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  • #433
  • Jan 8, 2020 6:29am Jan 8, 2020 6:29am
Bitcoin trading volume is now at its lowest since April,
with volume down 90% from its June 2019 high
And when volume is low markets are more likely to make sudden, volatile moves.
Called MANIPULATION by crypto companies, 80% addresses, they can control any chart move ...ALL FAKE !

People don't buy, investors don't buy bitcoin,
...only the crypto companies are changing hands and mining computer files fron thin air ...or wasted expensive electricity

... BAM, the VOLUMES TRUTH bitcoin dead ...again, and again, again !
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  • #434
  • Jan 8, 2020 8:05am Jan 8, 2020 8:05am
Ok, just take a look at that!
1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2
______________________________________________
What is this ??????

What is this ??? ...stop laughing, you people ...come on, what is this ???

Stop it, come on !

Well, it must be something because they wasted electric power for about $300 to make it
Stop laughing people, come on !!!

Ok, now give me your real money and I'll give you this, 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2 !
Deal ?

.......OOOhohohohohooooo !!
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  • #435
  • Jan 8, 2020 8:18am Jan 8, 2020 8:18am
The title of this thread is Honorable Bitcoin except that there is nothing honorable about bitcoins as they are used for illegal activities. For example Silk Road, an underground market on the encrypted dark web for buying and selling goods otherwise illegal or extremely difficult to purchase in most countries. The site’s buyers and sellers remained effectively anonymous to one another and were almost impossible to track. It’s usually criminals and hackers that test and prove the utility of new technologies before widespread adoption. Suddenly, people saw the real utility and application of a currency that could not be seized nor stopped in transaction. Bitcoins use began to flourish, and that continued even after the FBI shut down Silk Road in 2013. It took many agencies to get rid of Silk Road.
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  • #436
  • Jan 8, 2020 12:21pm Jan 8, 2020 12:21pm
Quoting Hutch
The title of this thread is Honorable Bitcoin except that there is nothing honorable about bitcoins as they are used for illegal activities. For example Silk Road, an underground market on the encrypted dark web for buying and selling goods otherwise illegal or extremely difficult to purchase in most countries. The site’s buyers and sellers remained effectively anonymous to one another and were almost impossible to track. It’s usually criminals and hackers that test and prove the utility of new technologies before widespread adoption. Suddenly,...
Perfect example that crypto pigs can't fly
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  • #437
  • Jan 8, 2020 1:17pm Jan 8, 2020 1:17pm
Quoting TudorIoan
{quote} Perfect example that crypto pigs can't fly
I'm sure some of them crypto pigs can fly but they don't fly too far since they fly like chickens hehe
  • #438
  • Jan 9, 2020 4:00am Jan 9, 2020 4:00am
Bitshitcoin is manipulated by the crypto companies, it has nothing to do with geopolitics.

The manipulators mime the risk appetite/aversion, ...they need to pretend this shit is alive !!

Quoting TudorIoan
Bitshitcoin is manipulated by the crypto companies, it has nothing to do with geopolitics. The manipulators mime the risk appetite/aversion, ...they need to pretend this shit is alive !! {image}
Look, the W1 chart, ...it looks like 2 consecutive World Wars
How could it be all that about geopolitics !
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  • #439
  • Jan 9, 2020 5:51am Jan 9, 2020 5:51am
Hellooo, how are you today, you dirty energy hogs ?!?
Ooooooh, how sweet of you, Binance ! So generous, totally disinterested...
Fkn hypocrits !

BTW, let's hear some about environmental crypto damage, let's check the situation for today!
Oh, look, those dirty energy hogs are still alive ?!?

Today, Bitcoin is still unsustenable. Fact.
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  • #440
  • Jan 9, 2020 1:33pm Jan 9, 2020 1:33pm
Quoting TudorIoan
People don't buy, investors don't buy bitcoin, ...only the crypto companies are changing hands and mining computer files fron thin air ...or wasted expensive electricity ... BAM, the VOLUMES TRUTH bitcoin dead ...again, and again, again ! {image}
If you want cheap gasoline and cheap bitcoins move to Venezuela
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