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Honorable Bitcoin

  • #501
  • Feb 5, 2020 1:13am Feb 5, 2020 1:13am
But you did, right? You've put all your money in it.
  • #502
  • Feb 5, 2020 3:26am Feb 5, 2020 3:26am
Quoting thomaz313
But you did, right? You've put all your money in it.
Nope, only morons do that. You can try, you are qualified for it
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  • #503
  • Feb 5, 2020 9:27am Feb 5, 2020 9:27am
Bitcoin was linear but suddenly jumps a couple of hundred real dollars
Does it seem like investors suddenly realised the potential of this shit, or...
...or the crypto whale farts again


Bitcoin, the most manipulated asset ever !
Oooh, there we go again, the crypto whale farts again !!
$300 within minutes !!!

............
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  • #504
  • Feb 6, 2020 7:41am Feb 6, 2020 7:41am
Last 2016 halving was almost a chart non-event

...until the whales faked the bull run 6 months after the halving ...pumping the epic 20K bubble of bullshit ./..

Ooooh, I can't stop laughing, whtta fkn bunch of crypto morons ...they deserve to be robbed by the crooked crypto whales
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  • #505
  • Edited 1:59am Feb 7, 2020 1:48am | Edited 1:59am
Intrinsic value is an illusion.
It's mostly created by those sick academics in order to anchor and justify their rigid sophisticated shitty value theory

...also the rich people, suits them fine. Meaning, whatever happens with the economy, their personal value is protected.
Inflation, hyperinflation, deflation, recession, depression ...the rich come up fine, no matter what.
Because they hold some "intrisic value" particular item.
Hohoho, how stupid is that ? Oh no-no-no, it's not stupid at all, it's literally crooked.

Shells, skins, leafs, beans, coins, various commodities, precious metals such gold, stocks, bonds, bills, digital currencies, plastic cards, paper checks, contracts, invoices, casino chips, video game coins ... they're all more or less sort of financial items, but none of them has real intrinsic value.
They're all subject to change in value.
It's only the market who confer the real value. Not some super-natural powers, ...not "God"
It's only the trade who drives everything!

There's no intrinsic value in material things in this Universe!

In the past, economic downturn was spread worldwide by the rigidities of the gold standard, because they have assumed intrinsicity in gold
...but the crypto imbeciles are unable to learn anything
That's why they are doomed to repeat the history, ...the worse part of it
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  • #506
  • Feb 7, 2020 3:12am Feb 7, 2020 3:12am
Intrinsic value is stupid. As the gold standard was proved stupid.

Imagine all the economic actors holding forever everything valuable in their vaults. And not exchanging anything.
Everyone hold onto their money, forever.
Like market frozen. No trade, no exchange. Everybody keeps everything "valuable" forever into their vaults.
If they don't exchange anything, means that every item they hold has zero value. ZERO !
They become just shells, skins, leafs, beans, metal coins, various objects, substances, metals, computer files, plastic cards, paper, plastic chips...

If one doesn't exchange money for goods, his material support for money doesn't worth anything ...alone. It's just paper, digital crap... worthless matter.
THERE IS NOTHING IN THE MATTER !
THE VALUE IS IN AUCTION, TRADE, MOVE ! NOT INSIDE THE FINANCIAL ASSETS.

In economy, GOLD or MONEY are just some MEASUREMENT TOOLS ! Only a support for the real value.
YOU CAN'T PUT INTRINSIC VALUE IN A TOOL !

Money has value only if you trade goods and services for them.
The money has to MOVE in order to be attributed a certain value, otherwise is just paper, digital crap... worthless matter.
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  • #507
  • Feb 7, 2020 3:17am Feb 7, 2020 3:17am
Again, that's why bitcoin limited supply is wrong.
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.
But on the other hand, 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. It's elementary !
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  • #508
  • Feb 7, 2020 11:36am Feb 7, 2020 11:36am
Crypto morons are desperate liars. Bitcoin doesn't have anything to do with coronavirus.
Bitcoin is thin market, it's so paralell with the real world

But poor bitcoin is ill though
...actually fundamentally dead
...RIP bitcoin, just a matter of time
Member
  • #509
  • Feb 7, 2020 12:48pm Feb 7, 2020 12:48pm
Quoting TudorIoan
Again, that's why bitcoin limited supply is wrong. 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. But on the other hand, 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. It's elementary !
Yes it's elementary Watson
  • #510
  • Feb 8, 2020 10:02am Feb 8, 2020 10:02am
A very big problem with the bitcoin is the anonymity of the transactions which makes bitcoin best suited for crime and illegal activity.

That's because a bitcoin address doesn’t lead to anyone’s phisical identity!
Nor phisical address, nor the amount moved.

You can see the "move" but nobody can't tell if the address belongs to 'El Chapo' or the Pope Francis.
You can follow the transactions' (no locations), but you will never find out who the address belongs to, or where he is located.
If criminal activity, the bitcoin ownership is totally opaque for the law enforcement.
Bitcoin definitely supports crime by design !

Nobody can be that stupid to misunderstand that. Therefore, whoever argues the opposite is a liar.
I know a bitcoin idiot who lie all the time about that, how patheic is that ?!
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  • #511
  • Feb 8, 2020 3:35pm Feb 8, 2020 3:35pm
Quoting TudorIoan
A very big problem with the bitcoin is the anonymity of the transactions which makes bitcoin best suited for crime and illegal activity. That's because a bitcoin address doesn’t lead to anyone’s phisical identity! Nor phisical address, nor the amount moved. You can see the "move" but nobody can't tell if the address belongs to 'El Chapo' or the Pope Francis. You can follow the transactions' (no locations), but you will never find out who the address belongs to, or where he is located. If criminal activity, the bitcoin ownership is totally opaque...
I wonder if El Chapo and Pope Francis use bitcoins
  • #512
  • Feb 9, 2020 3:56am Feb 9, 2020 3:56am
Quoting Hutch
{quote} I wonder if El Chapo and Pope Francis use bitcoins
Sure they do. All the crooks use bitcoin.

But only the pathetic crypto wannabes buy and hold. Because they wanna get rich, not only to cover crime
And crooked financial institutions take advantage from all those wannabe morons, sick losers
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  • #513
  • Feb 9, 2020 7:30am Feb 9, 2020 7:30am
Quoting TudorIoan
{quote} Sure they do. All the crooks use bitcoin. But only the pathetic crypto wannabes buy and hold. Because they wanna get rich, not only to cover crime And crooked financial institutions take advantage from all those wannabe morons, sick losers
Darn I should have married this smart Bitcoin woman …

Inserted Video
  • #514
  • Feb 9, 2020 8:36am Feb 9, 2020 8:36am
Quoting Hutch
{quote} Darn I should have married this smart Bitcoin woman … https://www.youtube.com/watch?v=64xcgvEJ3Ys
Yeah, sure !
Look, those crypto crooks stole $15B from the crypto naive believers and disappear ...that means smart ...Ruja was a "crypto doctor" ?
Hello crypto liars, this is crypto !
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  • #515
  • Feb 10, 2020 5:29am Feb 10, 2020 5:29am
Geee, bitcoin lost momentum ! ...
Member
  • #516
  • Feb 10, 2020 8:50am Feb 10, 2020 8:50am
Quoting TudorIoan
{quote} Yeah, sure ! Look, those crypto crooks stole $15B from the crypto naive believers and disappear ...that means smart ...Ruja was a "crypto doctor" ? Hello crypto liars, this is crypto ! {image}

Damn bro, how many more crypto doctors out there?
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #517
  • Feb 10, 2020 8:56am Feb 10, 2020 8:56am
Quoting SkullCandy
{quote} Damn bro, how many more crypto doctors out there?
Have you seen those faces in the video ? I mean those stupid worldwide followers ?
Member
  • #518
  • Feb 10, 2020 9:02am Feb 10, 2020 9:02am
Quoting TudorIoan
{quote} Have you seen those faces in the video ? I mean those stupid worldwide followers ?
finished watching right now lol still weekly over 1 mill comes as "investing" lmao even after stories like these, she dissapeared,her brother got 90 years jail time, and still there are crypto lovers who purchase those "super Packages D damn funny af,
one dude tells via webcam that damn u stupid crooks its a fraud scheme, lady tells smth ,then after shes on the news and tells a story how she lost her money...
damn this planet still surprises me from time to time
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #519
  • Feb 10, 2020 11:30am Feb 10, 2020 11:30am
Quoting SkullCandy
{quote} finished watching right now lol still weekly over 1 mill comes as "investing" lmao even after stories like these, she dissapeared,her brother got 90 years jail time, and still there are crypto lovers who purchase those "super Packages D damn funny af, one dude tells via webcam that damn u stupid crooks its a fraud scheme, lady tells smth ,then after shes on the news and tells a story how she lost her money... damn this planet still surprises me from time to time
One of my broker went from currencies to crypto without asking traders what they wanted to do with their assets. Now I'm stock with BTC that I never wanted.
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  • #520
  • Edited 4:22am Feb 11, 2020 2:07am | Edited 4:22am
Quoting SkullCandy
{quote} finished watching right now lol still weekly over 1 mill comes as "investing" lmao even after stories like these, she dissapeared,her brother got 90 years jail time, and still there are crypto lovers who purchase those "super Packages D damn funny af, one dude tells via webcam that damn u stupid crooks its a fraud scheme, lady tells smth ,then after shes on the news and tells a story how she lost her money... damn this planet still surprises me from...
OMG, that hysterical lady !... That lady is deadly funny !
...now everybody understands what sort of scam crypto really is. That's why it was invented for
And that's what those Craig-McAfee-Ignatova-Nox-Kpmaggot people are really after
DUMB IDIOTS

The people who champion bitcoin have a lot to gain from convincing you, and a lot to lose if you don't believe them
So there's this conflict of interest and people go online and they talk about their success story
They say I bought bitcoin when it was early and I am retiring now with a Ferrari in my dream home. You should do yourself a favor and get into bitcoin NOW !

Bitcoin it's just a code on the computer and that code only has value because other people say it does.
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