Is bitcoin a climate killing Ponzi scheme?

[GrandPapillon]

2 minutes ago, Sparktrader said:

Not due to luck. Quality Ceo, good ideas succeed in end.

unfortunately not true, marketing is what win the game, not the good idea or the product

[Sparktrader]

8 minutes ago, GrandPapillon said:

unfortunately not true, marketing is what win the game, not the good idea or the product

It's not a hamburger.

[Sparktrader]

14 minutes ago, GrandPapillon said:

yet you don't have a problem when cryptos "print" money out of nowhere ????

Bitcoin has finite number as does Litecoin.

 

New coins are tied to their business model. Like new shares.

 

Good models work. Bad ones fail.

 

Share with shares. Bezos is a gun. They said it wouldnt work. Worth $200bn. The knockers are living in granny flats.

[worgeordie]

I read about all these people becoming Millionaires ,from buying

Crypto , but I never hear about the losers',  and there must be

those folks that have lost everything, ? 

 

At 76, I am too old to risk what I have worked hard for ,its enough

to see me out, and leave my family comfortable ,I have everything

I need or want at this time , I feel good that I built up several companies,

gave people work, I achieved something ,this Crypto thing seems like too

easy money , money from nothing , what's going to happen to it , no idea.

regards worgeordie

[Sparktrader]

Plenty of smart people like

Solano

Ethereum

Polkadot

 

I would think all 3 will have good years.

 

 

[Sparktrader]

4 minutes ago, worgeordie said:

I read about all these people becoming Millionaires ,from buying

Crypto , but I never hear about the losers',  and there must be

those folks that have lost everything, ? 

 

At 76, I am too old to risk what I have worked hard for ,its enough

to see me out, and leave my family comfortable ,I have everything

I need or want at this time , I feel good that I built up several companies,

gave people work, I achieved something ,this Crypto thing seems like too

easy money , money from nothing , what's going to happen to it , no idea.

regards worgeordie

One UK guy lost his 200 btc. Girlfriend thru out his laptop. In the tip now.

[ukrules]

13 hours ago, GammaGlobulin said:

Nothing so beautiful as the tulip.

I note that once the tulip chart crashed it never did inflate again, the same can't be said for Bitcoin.

 

I will illustrate this little but important point with this image :

 

 

 

Once the bubble pops it doesn't reinflate so you have to wonder if this crypto thing is still just getting started.

 

If a 'bubble' lasts more than our lifetimes can it ever be considered to have ended?

 

The tulips thing lasted about a year, if that, it then went away (popped) and left large industry which is still active today in its wake.

 

[Sparktrader]

12 minutes ago, worgeordie said:

those folks that have lost everything, ? 

 

Why would you put 100% into 1 thing? Maybe you put 90% into a house but you can live in a house and land values dont go to zero unless sink hole or something.

 

Crypto 25% or less i would say. 5% if nervous.

 

 

 

 

[Sparktrader]

9 minutes ago, ukrules said:

I note that once the tulip chart crashed it never did inflate again, the same can't be said for Bitcoin.

 

I will illustrate this little but important point with this image :

 

 

 

Once the bubble pops it doesn't reinflate so you have to wonder if this crypto thing is still just getting started.

 

If a 'bubble' lasts more than our lifetimes can it ever be considered to have ended?

 

The tulips thing lasted about a year, if that, it then went away (popped) and left large industry which is still active today in its wake.

 

I agree. In 10 years time bitcoin is $1m imo.

 

No bubble. Bubbles dont last 10 years.

 

If it was rubbish it dies long ago.

[fdsa]

2 hours ago, ukrules said:

I note that once the tulip chart crashed it never did inflate again, the same can't be said for Bitcoin.

 

I will illustrate this little but important point with this image :

 

 

 

Once the bubble pops it doesn't reinflate so you have to wonder if this crypto thing is still just getting started.

 

If a 'bubble' lasts more than our lifetimes can it ever be considered to have ended?

 

The tulips thing lasted about a year, if that, it then went away (popped) and left large industry which is still active today in its wake.

 

add U.S. dollar to that chart, please.

[GrandPapillon]

7 hours ago, ukrules said:

I note that once the tulip chart crashed it never did inflate again,

they didn't have social media back then, watch what happens when the lemmings start falling off the cliff ????

[GrandPapillon]

7 hours ago, Sparktrader said:

It's not a hamburger.

of course it is, everything is food :)

[Jingthing]

Portrait of a celebrity no coiner.

 

 

https://www.thecut.com/article/benjamin-mckenzie-crypto-profile.html?utm_source=digg

 

Ben McKenzie, Actor Turned Crypto Naysayer

 

Who knew the world needed a celebrity crypto anti-influencer influencer and it would be Ryan from The O.C.?

[Jingthing]

Uh oh?

Are you worried?

 

Bye-Bye Bitcoin? 'Rich Dad Poor Dad' Author Sees US Seizing All Crypto After Biden's Executive Order - Bitcoin - United States Dollar ($BTC) | Benzinga

Quote

 

Robert Kiyosaki, the best-selling author of "Rich Dad Poor Dad," has predicted that U.S. President Joe Biden's executive order to regulate cryptocurrency will mark the downfall for the asset class.

What Happened: In a tweet on Wednesday, Kiyosaki told his 1.8 million Twitter followers that he expects all cryptocurrencies to be seized and folded into “government crypto” following an executive order to regulate digital assets.

 

While I'm a bitcoin skeptic, I don't really respect that author. I saw a long interview with him and he impressed me as a paranoid conspiracy theory anti government regulation extremist. That doesn't mean he's wrong though. 

[ukrules]

5 hours ago, Jingthing said:

That doesn't mean he's wrong though. 

He is wrong. The EO is nothing of the sort. In fact the Bitcoin price surged due to the executive order and Yellens leaked repoy to it yesterday which she 'accidentally' posted on Twitter ????

 

I will add that a lot of regulation in the entire 'crypto space' is definitely required anyway, there's so many brazen scams out there you probably wouldn't believe it.

[Jingthing]

27 minutes ago, ukrules said:

He is wrong. The EO is nothing of the sort. In fact the Bitcoin price surged due to the executive order and Yellens leaked repoy to it yesterday which she 'accidentally' posted on Twitter ????

 

I will add that a lot of regulation in the entire 'crypto space' is definitely required anyway, there's so many brazen scams out there you probably wouldn't believe it.

You're judging the future impact of fiat actual currency cryptos on one day's market move? Doesn't seem logical.

[JeffersLos]

On 5/5/2021 at 9:46 PM, Caldera said:

the more money I make with bitcoin (acquired a long time ago)

It's amazing the amount of blokes you meet that 'bought it a long time ago'.

 

Let me guess, it was 10 for a dollar when you first got in? ????

[ukrules]

10 minutes ago, Jingthing said:

You're judging the future impact of fiat actual currency cryptos on one day's market move? Doesn't seem logical.

What I'm suggesting is that there is a desire to cut down on the number of scams in the entire industry through regulation.

 

It's never been about banning Bitcoin. Bitcoin is the least of their problems.

 

There's 1000's of other literal pump and dump schemes out there that make the old style pink sheet trading which used to keep the SEC very busy during the 80's and 90's look like childs play - this is their target.

 

[Jingthing]

2 minutes ago, ukrules said:

What I'm suggesting is that there is a desire to cut down on the number of scams in the entire industry through regulation.

 

It's never been about banning Bitcoin. Bitcoin is the least of their problems.

 

There's 1000's of other literal pump and dump schemes out there that make the old style pink sheet trading which used to keep the SEC very busy during the 80's and 90's look like childs play - this is their target.

 

They haven't even begun their announced study of this and you know the final results. Interesting. 

[ukrules]

53 minutes ago, Jingthing said:

They haven't even begun their announced study of this and you know the final results. Interesting. 

It doesn't read like a mere study, it's a list of things to do. Just watch.

 

[Heng]

On 3/10/2022 at 1:58 AM, JeffersLos said:

It's amazing the amount of blokes you meet that 'bought it a long time ago'.

 

Let me guess, it was 10 for a dollar when you first got in? ????

A lot of folks are ex Navy seals or whatever, too.   ????

 

Just IME, the profile of those who have 'done well' with crypto were those who didn't really mean to... cases like 'hiding funds from their wives/tax authorities/etc.' in crypto.  They weren't really investing per se.   

 

 

[Jingthing]

I'm NOT gonna say I told you so.

 

https://www.washingtonpost.com/opinions/2022/05/20/crypto-bitcoin-dogecoin-ethereum-crashing/

 

Crypto is a solution in search of a problem

 

Inflation keeps rising, stocks keep falling, a war rages in Europe, and the budding market for cryptocurrencies and other digital confections is vaporizing by the day. None of this is cause for joy. But the crypto implosion at least has a cleansing benefit: It offers an opportunity to mop up a speculative and overhyped mess that has gotten badly out of control, snookering gullible investors in the process.

 

 

 

 

[GrandPapillon]

Quote

The collector who paid $2.9 million for Twitter co-founder Jack Dorsey’s first tweet reportedly chose not to sell it when the best he could fetch was $14,000.

no shortage of idiots and fools in this world ????

[GrandPapillon]

in the same article, another gem

 

Quote

In practice, crypto adherents have struggled to say exactly what their creation is or, more importantly, what it’s good for. Cryptocurrencies aren’t actual currencies because nearly no one uses them to pay for anything. (Pornography and criminal activity are notable exceptions.)

 

Even Coinbase, a large crypto exchange, charges customers in dollars to trade on its platform. Cryptocurrencies also aren’t securities, like stocks and bonds, though regulators are considering declaring them so in the name of protecting investors.

 

[Jingthing]

Crypto skeptic on the hunt!

Exposing the shameless Crypto shills!

You go girl.

 

https://www.washingtonpost.com/technology/2022/05/29/molly-white-crypto/

 

First she documented the alt-right. Now she’s coming for crypto.

Molly White, a veteran Wikipedia editor, is fast becoming the cryptocurrency world’s biggest critic

 

In a strange, animated YouTube video, Cryptoland paints itself as the ultimate utopia, featuring luxurious villas, a casino and a private club, all located on a pristine island in Fiji. Built by and for cryptocurrency enthusiasts, it was looking for investors.

To Molly White, the project wasn’t just cringeworthy bluster, it was promotional material for yet another potential scam — one that was targeting the money of real people. 

[Lemsta69]

1 hour ago, Jingthing said:

Crypto skeptic on the hunt!

Exposing the shameless Crypto shills!

You go girl.

 

https://www.washingtonpost.com/technology/2022/05/29/molly-white-crypto/

 

First she documented the alt-right. Now she’s coming for crypto.

Molly White, a veteran Wikipedia editor, is fast becoming the cryptocurrency world’s biggest critic

 

In a strange, animated YouTube video, Cryptoland paints itself as the ultimate utopia, featuring luxurious villas, a casino and a private club, all located on a pristine island in Fiji. Built by and for cryptocurrency enthusiasts, it was looking for investors.

To Molly White, the project wasn’t just cringeworthy bluster, it was promotional material for yet another potential scam — one that was targeting the money of real people. 

i recommend you subscribe to the FullFeed channel on Telegram and read as many of the articles as you can. it's a crypto news aggregator so it has links to many different sites and should give you a more informed viewpoint than what passes for such at NYT, WAPO and the like.

 

it does require a bit of effort of course, there's approx. 100 links per day.

[Jingthing]

8 minutes ago, Lemsta69 said:

i recommend you subscribe to the FullFeed channel on Telegram and read as many of the articles as you can. it's a crypto news aggregator so it has links to many different sites and should give you a more informed viewpoint than what passes for such at NYT, WAPO and the like.

 

it does require a bit of effort of course, there's approx. 100 links per day.

Thanks but I'm very much set as a crypto skeptic. 

[Hummin]

12 minutes ago, Jingthing said:

Thanks but I'm very much set as a crypto skeptic. 

Follow this guy and waiting for part three now ????

 

 

[Jingthing]

Yeah. Sure. Block chain tech. Yes. Bitcoin. No.

[LarrySR]

I sent $10,000 to a crypto miner in Cyprus and I haven't received my $2,000,000 yet..and its been a FULL WEEK!