- #782
- Edited 3:55am Nov 6, 2020 12:53am | Edited 3:55am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Stupid crypto people say cash is the best for money laundry and other crime... 
Trick question for you crypto MOFOz, where are you going to put your dirty cash from bribe,
or stashed away from IRS, drugs, randsome, terror, political manipulation ?
a) are you gonna put your dirty CASH in a bank ?
b) are you gonna put your dirty CASH in Cayman Islands ?
c) are you gonna put your dirty CASH under the mattress, basement, buried in your fkn garden ?
Ooooh, NOOO, now we have bitcoin !
Just turn your dirty cash in a code and keep them safe on a tiny crypto cold wallet away from authorities and everybody!
Bitcoin facilitate crime by design !
Trick question for you crypto MOFOz, where are you going to put your dirty cash from bribe,
or stashed away from IRS, drugs, randsome, terror, political manipulation ?
a) are you gonna put your dirty CASH in a bank ?
b) are you gonna put your dirty CASH in Cayman Islands ?
c) are you gonna put your dirty CASH under the mattress, basement, buried in your fkn garden ?
Ooooh, NOOO, now we have bitcoin !
Just turn your dirty cash in a code and keep them safe on a tiny crypto cold wallet away from authorities and everybody!
Bitcoin facilitate crime by design !
Member
- #783
- Edited 2:59am Nov 6, 2020 1:14am | Edited 2:59am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Stupid crypto imbeciles like John-McAfee-Nox-KPMG lie about bitcoin surging because of some crypto wanker style formula cut off from real economy 
Bitcoin is an empty code which crashes periodically to the mining rentability price.
The mining COST threshold is moving up progressively,
giving the impression of more people in the game
But the real meaning is that only miners and some moony crypto freaks are changing hands with this bitcoin trash, hashing this shit up
That's the only constant for bitcoin
Now is up for the US elections, next will be down to the minimal mining rentability price...
Bitcoin is a bubble which deflates periodically because is a stupid worthless empty code...
Big finance people are speculating on it, sure, ...they also speculated on tulip bulbs time ago
That doesn't mean bitcoin or tulip bulbs actually worth so much for real !!!
Blockchain for money is an abomination, because it simply doesn't scale and it never will.
Then the limited supply of bitcoin is a deflationist danger for the real free economy.
That's why they cut gold away from that real expanding and living thing, namely the global economy, morons !!
But crypto dumb cretins don't understand
Bitcoin is an empty code which crashes periodically to the mining rentability price.
The mining COST threshold is moving up progressively,
giving the impression of more people in the game
But the real meaning is that only miners and some moony crypto freaks are changing hands with this bitcoin trash, hashing this shit up
That's the only constant for bitcoin
Now is up for the US elections, next will be down to the minimal mining rentability price...
Bitcoin is a bubble which deflates periodically because is a stupid worthless empty code...
Big finance people are speculating on it, sure, ...they also speculated on tulip bulbs time ago
That doesn't mean bitcoin or tulip bulbs actually worth so much for real !!!
Blockchain for money is an abomination, because it simply doesn't scale and it never will.
Then the limited supply of bitcoin is a deflationist danger for the real free economy.
That's why they cut gold away from that real expanding and living thing, namely the global economy, morons !!
But crypto dumb cretins don't understand
Member
- #784
- Nov 6, 2020 6:31am Nov 6, 2020 6:31am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Bitcoin trash just can't scale 
... it's crazy stupid to call bitcoin "money" and wait for global adoption!
Bitcoin has a serious deficiency right from conception!
741kWh to buy me a coffee ???????
... it's crazy stupid to call bitcoin "money" and wait for global adoption!Bitcoin has a serious deficiency right from conception!
741kWh to buy me a coffee ???????
Member
- #785
- Nov 7, 2020 1:09pm Nov 7, 2020 1:09pm
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Bitcoin trash dump time ! Political instability about to be gone... "safe-heaven" bitcoin dump now !
Member
- #786
- Nov 10, 2020 1:18am Nov 10, 2020 1:18am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
You got that right, uncle Tudor & company !
But don' buy it NOW ! EXTREME VOLATILITY ZONE hazard !
But don' buy it NOW ! EXTREME VOLATILITY ZONE hazard !
Member
- #787
- Nov 18, 2020 7:21am Nov 18, 2020 7:21am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Bitcoin bubble news, extreme pumping now, woah, woah !!
Almost 8000 real dollars in just a couple of months ?!?
Ok, this is how a bubble looks like ...and this is how it ends !
Good luck, crypto thieves !
Almost 8000 real dollars in just a couple of months ?!?
Ok, this is how a bubble looks like ...and this is how it ends !
Good luck, crypto thieves !
Member
- #788
- Nov 18, 2020 8:21am Nov 18, 2020 8:21am
- Joined Dec 2019 | Status: Going with the flow | 2,032 Posts
Just a thought (as a long time owner of Bitcoin, not a trader), what if the internet went down? The power? The connection? The lot? With the current Covid-19 drama, a lot depends on the online world. I keep my Bitcoin in two separate wallets offline. But what would that be worth if it all falls down? I guess the same could be said for normal ATMs, online banking and... good golly... forex trading! 
Thoughts??? 
Thoughts??? Emotional Control. Process, not outcome. 
- #789
- Nov 18, 2020 12:19pm Nov 18, 2020 12:19pm
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Just a thought (as a long time owner of Bitcoin, not a trader), what if the internet went down? The power? The connection? The lot? With the current Covid-19 drama, a lot depends on the online world. I keep my Bitcoin in two separate wallets offline. But what would that be worth if it all falls down? I guess the same could be said for normal ATMs, online banking and... good golly... forex trading!
- +50% attack,
- limited supply (can actually widen recessions like hell),
- and its impracticality because of the lack of scaling,
- and also insane volatility caused by the lack of reglementation.
Those will dramatically slow velocity and stop general acceptance which are crucial for a currency.
Forget decentralization, it's a joke anyway, considering the huge mining pools I mean. They can fck up the protocol any time they choose.
So bitcoin just can't be money, period.
But anything running on the blockchain technology is a great store of value, even better than gold, no doubt of that. People aren't aware of that. They'll never be aware. They just follow trends. And this is not a bad thing. Extremes are bad.
Extremes, yes, and the problem is volatility now.
If globally the bitcoin is the new gold, then the reasonable market price of sucha store of value just can't be 10 times higher than the price of gold, even if covid. Just like the reasonable market price of any special tulip bulb is not more than a couple of bucks, not up to a house morgage.
So hodl bitcoin, alright, but if you keep it for years, don't buy it higher than the minimal mining rentability price ...because it doesn't really worth that much
Good luck!
Member
- #790
- Nov 18, 2020 12:25pm Nov 18, 2020 12:25pm
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Member
- #791
- Nov 18, 2020 6:53pm Nov 18, 2020 6:53pm
- Joined Dec 2019 | Status: Going with the flow | 2,032 Posts
{quote} Bitcoin is not dangerous because internet may crash for good. It's because bitcoin fundamentals such as - +50% attack, - limited supply (can actually widen recessions like hell), - and its impracticality because of the lack of scaling, - and also insane volatility caused by the lack of reglementation. Those will dramatically slow velocity and stop general acceptance which are crucial for a currency. Forget decentralization, it's a joke anyway, considering the huge mining pools I mean. They can fck up the protocol any time they choose. So...
I don't think Bitcoin is dangerous, I never did. As for not being money... it is money... we use it here in Japan. But as for my original question about the worry of the internet just collapsing or something, thanks for your opinion
Emotional Control. Process, not outcome.
- #792
- Edited Nov 19, 2020 1:05am Nov 18, 2020 10:57pm | Edited Nov 19, 2020 1:05am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} Thanks for your reply. I don't think Bitcoin is dangerous, I never did. As for not being money... it is money... we use it here in Japan. But as for my original question about the worry of the internet just collapsing or something, thanks for your opinion
I paid $5 fee for a $2 coffee in EU. This is sort of a promotional low price.
Are you aware that a single bitcoin transaction costs the equivalent of the power consumption of an average US household over 25 days ?
That's why bitcoin is not money and it never will be, ...but thanks for your opinion
Edit: of course you don't understand why bitcoin is dangerous if is considered as money, because you people don't understand simple things such as deflationist spiral.
Member
- #793
- Nov 18, 2020 11:14pm Nov 18, 2020 11:14pm
- Joined Dec 2019 | Status: Going with the flow | 2,032 Posts
{quote} Errr, excuse me, how much do you pay for a coffee in bitcoin in Japan ? How much is transaction fee, and how much is coffee ? Are you aware that bitcoin transactions fees and costs are promotional nowadays, here and there, just to make crypto popular to the crypto momoz ? I paid $5 fee for a $2 coffee in EU. This is sort of a promotional low price. Are you aware that a single fkn bitcoin transaction costs the equivalent of the power consumption of an average US hosehold over 25 days ? That's why bitcoin is not money and it never will, ...but...
Emotional Control. Process, not outcome.
- #794
- Edited Nov 19, 2020 12:47am Nov 18, 2020 11:40pm | Edited Nov 19, 2020 12:47am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} I'm sorry you seem upset. I'm sorry you seem mad. I'm not quite sure what you mean by "you people", but it doesn't sound nice. I have Yen cash in a bank account, I have New Zealand dollar's in another back account, and I have Bitcoin in two separate cold wallets. It's all currency and I buy things I want or need with all three of them. Simple
You just pop around with your hypocrite tone, then you call me mad ? That's cheap hypocrisy
If you act like this do you think you will look smarter, you jerk ?
Neah, not at all, I'm not mad. I'm just sick of you crypto idiots. You seem to pop up everywhere
Hey, BTW, who the fuck cares if you have a water mattress ?!? You're still a financial illiterate
You don't understand shit about bitcoin. You're just a mokey following trends.
"You people"? I thought you didn't understand what "crypto momoz" mean
Of course you don't understand why bitcoin is dangerous if is considered as money,
because you people don't understand simple things such as deflationist spiral and scaling. You crypto momoz use to ignore the obvious...
How can I be mad on imbeciles like you ? It would be a waste of energy !
Byeeeee!
Member
- #795
- Edited 1:09am Nov 19, 2020 12:57am | Edited 1:09am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
They should panic!! ...
Uncle Tudor is crazy buying HIGH ?!?
...
Nooo, he's not crazy, he is just loading up for the next bitcoin fire sell ! ...big profits coming soon !
...Uncle Tudor is crazy buying HIGH ?!?
...Nooo, he's not crazy, he is just loading up for the next bitcoin fire sell ! ...big profits coming soon !
Member
- #796
- Edited 2:44am Nov 19, 2020 1:17am | Edited 2:44am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
They should panic!!
, you tulip bulb shill !!! Good luck with yo fund, uncle ! But remember, if you don't sell this overrated crypto shit at some point you won't be able to make real money profits !
Member
- #797
- Nov 19, 2020 2:27am Nov 19, 2020 2:27am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Yeah, sure it's a trick, Ray ! A simple trick. The crypto whales are controlling it. Simple as that.
They own 70% of bitcoin and they can do anything that suits them driving price, including reversing protocol, fake transactions changing hands, fake market capitalization, move the chart like bitcoin has something to do with risk in the global economy... FFS, don't you have high tech advisers ?
Of course it's bubbling up and crash periodically ! Volatility will always be a curse for the unregulated.
A fund shouln't mess with highly volatile stuff more than 1%, but if you think you can beat the crypto whales ...go for it !
Hey, buy it low, because the fair market price just can't be 10 times higher than gold.
Buy it now just if you are ready to dump it fast, making it real cold US dollars !
And mind that bitcoin is not money, never was and never will be. Because fundamentally it can't scale.
They own 70% of bitcoin and they can do anything that suits them driving price, including reversing protocol, fake transactions changing hands, fake market capitalization, move the chart like bitcoin has something to do with risk in the global economy... FFS, don't you have high tech advisers ?
Of course it's bubbling up and crash periodically ! Volatility will always be a curse for the unregulated.
A fund shouln't mess with highly volatile stuff more than 1%, but if you think you can beat the crypto whales ...go for it !
Hey, buy it low, because the fair market price just can't be 10 times higher than gold.
Buy it now just if you are ready to dump it fast, making it real cold US dollars !
And mind that bitcoin is not money, never was and never will be. Because fundamentally it can't scale.
Member
- #798
- Nov 30, 2020 12:54pm Nov 30, 2020 12:54pm
- Joined Dec 2015 | Status: Trader | 14,257 Posts
You guys smoke too much weed
Of course bitcoin is a better version of gold and could distrupt gold ...but where that 500K came from ?!?
Has gold ever been above $2,067 ?
Of course bitcoin is a better version of gold and could distrupt gold ...but where that 500K came from ?!?
Has gold ever been above $2,067 ?
Member
- #799
- Dec 2, 2020 5:59am Dec 2, 2020 5:59am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
1. Common people will never understand why bitcoin is a better version of gold ...but they follow trends just like sheep
2. Bitcoin is currently overbought, a safe heaven financial instrument can't be 10 times higher than gold at the global scale !
Therefore, bitcoin is a swollen bubble right now.
Again, gold and bitcoin are not issued by anyone, ..but they will always be highly volatile speculative instruments.
Risky job, gamblers ! Good luck though!
2. Bitcoin is currently overbought, a safe heaven financial instrument can't be 10 times higher than gold at the global scale !
Therefore, bitcoin is a swollen bubble right now.
Again, gold and bitcoin are not issued by anyone, ..but they will always be highly volatile speculative instruments.
Risky job, gamblers ! Good luck though!
Member