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Honorable Bitcoin

  • #441
  • Edited 4:31am Jan 13, 2020 3:03am | Edited 4:31am
Again, the bitcoin limited supply is stupid.
For example, whereas one of the benefits of the rigid fixed supply is that the limitations to the growth of the money supply by the use of bitcoin would prevent inflation, if the growth of population or increase in trade outpaces the money supply, there would be no way to counteract deflation and reduced liquidity, and any attendant recession, ...except for the mining of more bitcoin.

Forget about Iran, Venezuela, Zimbabwe, Turkey... bitcoin can't save anyone.
On the contrary, bitcoin can deepen recessions !!
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  • #442
  • Edited 12:33pm Jan 13, 2020 12:23pm | Edited 12:33pm
Crypto imbeciles don't get anything. No fundamental serious arguments. They can't grasp economy, money, value, ...nothing, boooooh !
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  • #443
  • Jan 16, 2020 3:21am Jan 16, 2020 3:21am
6000 bottom above the death zone (the minimal mining rentability level)
I see a mean around 10K. Floating level. It might oscillate up and down...

Lower maximum pump level ...meaning less naive buyers.
Lower Highs on the long run.
Thus, there must be a limited mass of naive believers who have reached their peak !!

That's why the bitcoin pump'n'dump scheme is visibly fading, ...until its inevitable final crash.
10K psychological resistance.
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  • #444
  • Jan 16, 2020 9:44am Jan 16, 2020 9:44am
Quoting TudorIoan
6000 bottom above the death zone (the minimal mining rentability level) I see a mean around 10K. Floating level. It might oscillate up and down... Lower maximum pump level ...meaning less naive buyers. Lower Highs on the long run. Thus, there must be a limited mass of naive believers who have reached their peak !! That's why the bitcoin pump'n'dump scheme is visibly fading, ...until its inevitable final crash. 10K psychological resistance. {image}
One day the pump will break down and crypto crap will go down to it's real value NOTHING
  • #445
  • Jan 16, 2020 3:45pm Jan 16, 2020 3:45pm
Quoting Hutch
{quote} One day the pump will break down and crypto crap will go down to it's real value NOTHING
Bitcoin is NOTHING ! A computer file backed only by sick losers
Well said, sister ! I'd rather see the world yuanizied than cryptonized
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  • #446
  • Jan 17, 2020 7:00am Jan 17, 2020 7:00am
Quoting TudorIoan
{quote} Bitcoin is NOTHING ! A computer file backed only by sick losers Well said, sister ! I'd rather see the world yuanizied than cryptonized
We disagree about the way the 2008 financial crisis was solved by Iceland, the UK and the US but I totally agree with you about Bitcrap
I learned a Hungarian word this morning "didi" so I prefer to see the world didinizied, the bigger the better
  • #447
  • Jan 19, 2020 4:38am Jan 19, 2020 4:38am
That's what bitcoin has been created for
Great freakin' job, crooks !
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  • #448
  • Jan 19, 2020 6:09am Jan 19, 2020 6:09am
Bitcoin crass manipulation ! $500 plunge in a couple of minutes !!! Whatta trash !
Bitcoin proves it's a thin shit... viz.the bitcoin whales have total control of the chart. Your bitcoin's value may be gone within minutes, if a whale is "unhappy" one day
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  • #449
  • Jan 19, 2020 7:59am Jan 19, 2020 7:59am
Quoting TudorIoan
That's what bitcoin has been created for Great freakin' job, crooks ! {image}
ln India OneCoin stole $350 million from investors. I wonder what will be the sentence for the 18 OneCoin crooks that were arrested
  • #450
  • Jan 19, 2020 8:25am Jan 19, 2020 8:25am
I'm glad i dumped my bitcoin at 8900 dollars

Make it fall so i can buy that crap cheap
COT: The precious data ignored
  • #451
  • Jan 19, 2020 8:33am Jan 19, 2020 8:33am
Quoting kuroro001
I'm glad i dumped my bitcoin at 8900 dollars Make it fall so i can buy that crap cheap
Really wish you luck ! Bitcoin it's a great tool in the hands of the good traders to pickpoket the stups
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  • #452
  • Jan 19, 2020 8:49am Jan 19, 2020 8:49am
Quoting TudorIoan
{quote} Really wish you luck ! Bitcoin it's a great tool in the hands of the good traders to pickpoket the stups
Its just quick money and not much involved

I don't trust that crap

I can tell it will stay forever to trade it, but i'm not sure of the rise of its value, so its quick, rinse and repeat
COT: The precious data ignored
  • #453
  • Jan 21, 2020 4:31am Jan 21, 2020 4:31am
Bitcoin liars ! What 100K ??? You drunk ???
One thing to grow from $20 to $1000, and another to see 100K ...ever !

There are not enough fools to put together that much money !!!
(before they get dumped)

Hard to believe but stupidity is limited though.
...stupidity has its utility but it's scarce !! ...omfg, can't stop laughing
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  • #454
  • Jan 21, 2020 8:58am Jan 21, 2020 8:58am
So, they have mined out of nothing something like 144 billion US dollars in bitcoin so far.
Woah, fkn impressive !

The total value of all gold ever mined would exceed $7.5 trillion at that valuation and using WGC 2017 estimates.

Bitcoin, small potato ! ...bitcoin, useless potato

Scarcity doesn't mean value.
Doggy doo is scarce too
Manure has utility
...and bitcoin has them both, but transactions are untraceable, so the criminals can hide their illicit earnings
Gold has the three of them but it comes in limited supply, which is really bad, because if the population or economy grows there is no way to stop spiraling deflation which deepens recessions.
There, US dollar is the best !

No rational future for bitcoin, booooo !
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  • #455
  • Jan 21, 2020 3:55pm Jan 21, 2020 3:55pm
Quoting TudorIoan
So, they have mined out of nothing something like 144 billion US dollars in bitcoin so far. Woah, fkn impressive ! The total value of all gold ever mined would exceed $7.5 trillion at that valuation and using WGC 2017 estimates. Bitcoin, small potato ! ...bitcoin, useless potato Scarcity doesn't mean value. Doggy doo is scarce too Manure has utility ...and bitcoin has them both, but transactions are untraceable, so the criminals can hide their illicit earnings Gold has the three of them...
I asked my dog and he told me that him and his friends can produce as much doggy doo as we need. Doggy doo will be around long after bitcoins are gone
  • #456
  • Jan 22, 2020 3:53am Jan 22, 2020 3:53am
I see lotta crypto imbeciles hoping LN - Lighting Network - will save their asses...
It's actually walks like a duck, quacks like a duck and it moans like a anti-system illiterate and moron !
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  • #457
  • Jan 22, 2020 4:05am Jan 22, 2020 4:05am
I see lotta crypto imbeciles hoping LN - Lighting Network - will save their asses...
Lighting Network is a sad joke! Duhhh!

BTW, you can say good bye to your safe cold storage, obsessed Nox-KPMaggot.
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 corrupts everything !
And who's watching a private watchtower ?!

Bigger and bigger nodes??? Spare me, dumbo !
Lighting Network is bigger and bigger CENTRALIZATION
...Ho, ho, ho, I thought we were supposed to fight against the infamous gov. !

And bigger and bigger crypto 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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  • #458
  • Edited 9:32am Jan 22, 2020 5:46am | Edited 9:32am
Not-KPMgumbo still learn what bitcoin is. A scam, gumbo !!!
Bitcoin is a deflationary time bomb, you financial illiterate moron !
Illiterate McAfee imbeciles lovesbitcoin when they see huge liquidity buying stocks
That's when stups can't grasp that deflation can be even worse than inflation

BOOOOOOOOO, STUPS ! ...
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  • #459
  • Jan 22, 2020 8:27am Jan 22, 2020 8:27am
Altcoins are like a fart behind bitcoin. And bitcoin is the stinky shit
Then the McAfee-Nox_KpmGumboz, all crypto scammers, swindlers, criminals, charlatans, insider whales and carnival barkers, clueless retail investors’ FOMO, "the sheeple", idiots always ready for a ride with pump-and-dump schemes for scammy crypto crappy assets at the peak that then went into a bust and crash - in a matter of months - like you have not seen in any history of financial bubbles.
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  • #460
  • Jan 22, 2020 2:12pm Jan 22, 2020 2:12pm
If there were only bitcoins in existence maybe they would have become a good investment in the long term. Unfortunately, there are now over 2,200 so called crypto currencies trying to get a space in the sun alongside bitcoins so all these copy cats rendered bitcoins not only worthless but also useless.
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