Bitcoin Forum

At this moment I can name at least 5 so called shitcoins (will not go with more, and will not call names), which has extremely volatile "value" and ridiculous (fake, of course) volume/price. While this is obvious to many of the people in here, it is not for many others, which are "joining the cryptocurrencies" now. AND THIS IS NOT GOOD! I know perfectly that the wolf eats the sheep, but most of you are not wolves (i.e. whales)! So please think twice before posting the 100th thread about your beloved coin with soooo advanced tech (and whatever), because most of you are in for the FIAT MONEY and BITCOIN. You may be "smarter" than the newbies, or some naive people if you want, but you probably don't understand that currently you are somehow acting like the banks or governments, which eventually are f*cking everybody! Yes, I dare to compare cryptocurrencies even with a government. Here we are Kevin and Spartak who are working in that government for years, but here comes John (the noob) and we decide to screw him, because he just don't know how the system works, and because we can earn some money from that. In majority of the governments (if not all....) there are people who gets bribed at some point, here we just call them shills.

Bitcoin has the current price because of the many people interested in it, not because of the technology. There are many coins/assets/whatever, which are "better" (and received HUGE "investments" (I'm poiting to ICO's/crowdsales etc..)), but do you know what? That doesn't matter! And do you know why? Because you need 10s, or even maybe 100s of BILLIONS $ to do it (imagine how much work was done since Bitcoin was launched (I'm not talking only about coding)). Just try to gather 100s of thousands people to work in your interest for years and see what's gonna cost you... Yeah, they are probably few billionaires and many millionaires who "helped" (i.e. invested) on the way, BUT the masses are the ones who MADE Bitcoin (Satoshi just created it (hats down, of course)).

By supporting some of the "good" cryptocurrencies/assets you'll still can make a profit (which can be even greater than your $5 made of the "coin of the day"), but you should just wait a bit longer. I'm not saying "Invest your $10 in Bitcoin/Litecoin and wait 10 years to see if your investment will make a ROI". My request is to avoid scams (come on, most of them are very obvious, and you can tell that it's just a matter of time for them to disappear, and start over with another "project"), because they are not good for any of us (even for you).

All we need can be said with one world - ADOPTION!

Take care,
Spartak   

we can. but "we" won't. just because of the money.

noobs got scammed. thats why they have to scam an new noob.

the question is: how the leave this circle?

I will answer with a question: Take a good guess what may happen if this circle continues?

Unfortunately this world of cryptocurrencies has become another speculative market where the main (and perhaps the only) motivation behind this current development of new coins is the mere speculation, and that is why we are continuously observing this volatile variation in prices.

But at the end of this greedy game, I have no doubt that bitcoin will continue being the Number One, and the only valuable option.

I have nothing against speculations! I was talking about pointless coins, which are obviously pumped and dumped (i.e., many people are participating in it, no matter that they know what would be the outcome, thus helping creating more and more useless cryptocurrencies with the only reason: TO MAKE MONEY) and will be abandoned at some point. We are not even talking about developments here, only "promises". :)

Unfortunately, this vicious circle pretty much defines the current financial system. So the meta question is: when will it stop? Because human nature is the engine that powers this wheel.

Whut, you mean you're not behind New Piggycoin and Pinkcoin? :P

You have a good point. Money makes the world go round,  and that feeling of missing the buzz a few years ago when btc was soaring makes people want to be first in line with the next big crypto. Let them throw their btc away, you cant stop it.

So you're saying I shouldn't buy Dash??  But I like the coin, I really do.

Alas, I agree with much that you wrote.  The overwhelming majority of altcoins serve no purpose other than to make the developers rich, and most don't take much to develop at all.  They're for fucking gamblers, and 99.999999999999999% of people in this community have that mentality and should attend Gamblers Anonymous meetings regularly.  Christ, there are people here who gamble away money that should be going into formula for their baby, which they shouldn't have had in the first place.  That's altcoins in a nutshell.

What is your point here?


Dash is something else. It had unfair start, but it's still here and will probably stay.

Cast aside your worries, ridiculously priced vaporware will be washed away and phased out. Legitimate projects with dedicated development teams, genuine goals and solid base can't but succeed. Our goal as investors is to identify them early and try not to fall to the hype of snake oil deals.

This has been going on since 2013 when the number of alts exploded from five to gazillions.

People have been issuing warnings for the last three years - but at the end of the day, it is up to individuals to ensure they arn't scammed. Just a quick search of this forum should give them enough warnings and intel about every single scam going and how to avoid them - but they won't listen.

Now things are a bit better. Scams and launches of coins are less, but people still trade them for profit. Example:
1. JustAnotherCoin says: The current price of our coin is 50 satoshi. We are going to pump it to 500 (and you somehow know it will happen).
2. You buy at 60.
3. You sell at 360 (for example).

Or you "invest" in some coin, which is obvious scam and it promises "news" in 7 days. People buy them, traders too.

Why don't we stop give them attention and move along? :) Everybody needs money to live, but that's not the most important thing in here. Cryptocurrencies should be helpful to entire humanity, not just a handful of people. And we must help this to happen.

Seriously, your advice is "dont be scammed", am i right?
oh, thank you mr. obvious.

There are obvious one's but most of it arent and people fall for that. a few scams were serious projects at the beginning with a greedy developer, who got a great idea and a serious project but after seen thousands of money and a lot of work to do, he/she just prefer to run away with the money. So... no formula, no secret to avoid scams... people will always get scamed.

and yeah, i agree with you about the obvious scams

I think the reason why many people are getting scammed is because of the high noise ratio in this subforum. For example, there are practically no long-term threads around technical topics anymore that really could give informations about really important technical developments and innovations. (Does some remember the "Stablecoin" debate?) Even the last of these debates I remember (pro- and anti-PoS) has got into a simple flame war. So according to the posts in the altcoin subforum it's practically impossible to tell - if you don't read a long, long time - if a coin is worth an investment or not.

Maybe a forum with limited filter options and nearly non-existent moderation like Bitcointalk is simply not the best platform to inform yourself about really promising investments. I know there are other platforms that try to give a help to investors listing some "measurable" facts about community and technological properties of some altcoins (like Coingecko) but they have all their limitations - and they cannot measure anything from coins that still not exist (ICOs).

And yes, I think "altcoins" will only have a possibility to get adoption when they offer something that Bitcoin does not offer. But technologically "better" coins must also do a lot of marketing to succeed - for example, Qora is an example for a "technically advanced" coin with an miserable market cap.

That isn't advice (and the main reason I started this topic). Would you buy F*ckCryptoCoin (for example) for a reason other than profit? It's obvious (even to me, the Mr. Obvious) it will die in a matter of time, don't you think?

EDIT: Guys, I started this thread mainly, because of the obvious s*itcoins. There are many people who trade them for profit. There are also many people paid with Bitcoin who promote them and they don't care how the coin "looks", they just want to be paid.

You can't change the free market.

Some people make money and other people learning lessons for their life.

Its already a win-win situation  ;D

That's like saying: "A guy raped a woman, who didn't make sex for 5 years. A "win-win" situation." 

Raping woman is a crime. Manipulating the shitcoinmarket is not a crime.

Of course it is a crime and there are some laws for it already. Why do you think I asked this question:


... because my opinion is that cryptocurrencies will eventually become regulated, but one question remains: To what degree?

To put all this together: These actions are f*cking the future of cryptocurrencies.

like i said, i agree that a few altcoins are scams, but we will never know. example? dogecoin. it's a scam? not to me.. definitely not a good investment but still a "serious" coin otherwise would be already dead.
my point is: a coin is a reserve of value, other functionalities are good but not the main objetive.

sorry, but to me the main point is profit and always will be. it's money my friend.

1. You are now challenging me to come up with a name/s. There it is: https://twitter.com/FAILCommunity/status/749611930084597760 (https://twitter.com/FAILCommunity/status/749611930084597760)
This is one of the so called obvious scams. Do you want another example. Here it is (http://coinmarketcap.com/currencies/bluecoin/). Both of these are one of the reasons I started this thread.
2. There are people starving or receiving low salaries (for example) in various places around our planet, and handful of people are making money from this. Are you okay with that?

Well according to them "prosperity"
Such as the Coindesk News Story that was posted before that said we "need all the coins we can get"
The more the better.. as they were flooding the site with News Stories back on 2014 at the same time ADVERTISING
massive gigantic walls of text about how the FUTURE IS ETHEREUM !
over & over & over.. story after story kept coming.. in 2014 BEFORE and just after the ICO launch.
And for the life of me i could not figure out why :/
Then i thought for 0.000001 seconds
And i recalled them Flogging the living fucking shit out of Doge coin with "NEWS" stories
THEN get this.. a year after they stopped spamming about Doge coin COINDESK ADMITTED
they bought a shitload of miners and had mined a small fortune of them and asked the public what they should do with them.. saying they had dumped *some*
So yeah..
Hmmm..
I WONDER why the fuck they are Ethereum scammers spamming *submitted* ETH "News" ?


I would post the Coindesk link here but last time i did they deleted my comment  ::)
(PM me if you want the link to the Coindesk news story on "cloning is good" i just mentioned)
That way we can avoid the scammy censorship here by staff.

@OP
Watch your ass.
I see you a lot like me around here and you WILL be targeted and harassed for life by STAFF here.
As well of course as the obligatory organized crime NOOB accounts that wander around insulting people.
Been called a fat fag 30 times lately like me ?
It's coming LOL
And apparently that is MY fault.. and there for my topics / comments MUST be deleted at once !
because..
well..
I'm trolling of course  ::)
(as staff say as the reasoning on the trashed posts)

@OP
Keep the boot on their necks .
"they" think they are hot shit but they lay awake at night sweating..
worried stuff like what you posted gets read.

Want to think you are a big shot in Crypto ?
You think you are somebody assholes ?
One easy way to tell.
Do you actively and consistently contribute in crypto discussions publicly ?
NO ?
THEN YOU ARE FUCKING NOBODY

period .

Hence your deletions or bans are insults or what ever bullshit in your head amounts to sweet fuck all !
I would value theymos's opinion as crap on Altcoins too for example.. i never seen 1 comment of his in this section in 3 years.

So opinions that matter are obvious and people who have a worthless opinions get mad at those of us that do then ride us with harassment, bullying threats & insults and deletions & banning & censorship

to protect their..


..you watch Spartak
A handful of Noobs accounts will show up flaming you with insults
and then your topic will be deleted.
Clever huh ?
Ingenious way to get rid of that darn pesky FUD eh ? LOL

YEAH.. i am getting a little fed up with the idiots that run this place.. can you tell ? Hahhaha
Just wait UNTIL it's you !

Reminds me of pointing out the to the brain dead moron scammers Moderating on Poloniex's Troll-Box..
I had told then numerous times they are "grooming their victims".
If i had EVER said anything other than shitcoin advertising they would ride my ass soooo fucking hard
..then ban me.
I seen bold face lies posted 100's of times 24/7 about "coins" / schemes
and watched as THEY KNEW IT WAS A LIE !
..allowing all their users to be suckered in.

I would say for example it's wrong and here is concrete proof..
then staff would say 101 million bad things about me and even insulting me.
*logged* ;)

More than once i have them logged right now STARTING WITH ME (like they do here)
saying i am an asshole and i deserve it.

When i never said or did a damn thing and get ganged up on by an army of paid shill Troll-Box spammers.
AKA: organized crime in crypto.

I even created a topic here quoting them doing it.
I said to one of them who the fuck do you think you are treating me like that and saying those things to me for no reason ?
They started warning me from out of no where. (when i was attacked they blamed me the victim 2 sec's later)
I said I am WARNING you asshole !
YOU BETTER GET YOUR ASS IN GEAR AND APOLOGIZE TO ME BIG TIME PRICK !

and he did  :D  8)

It's quoted / posted here.

As in ..yeah i have 1,0000000000% proof to ALL the shit i just fucking said above.

BOTTOM LINE
The "mod's" are scammy loser nobody cuntcicles darting around in the shadows.
They are a massive key part of the problem in relation to your topic here Spartak.. think about it.
And.. do it quick before this comment vanishes. LOL

Apparently Posting FUD is against the rules i guess but not posting 6,000 scam coins
then hyping /spamming them in ALT Main  ::)

Lastly, i don't care what people post on my topics.
If i wanted them self-moderated i would have made them that way.
Why do i need staff intervening for no reason ?
FUCK OFF !
Leave my shit alone pricks .
If guys want to argue & tell me i am full of shit then let them.. fuck off !
If they want to tell me i am an asshole and i am fat then fine..
Fuck off !

Need to find something to moderate ?
Look else where.. there is plenty of stupid shit going on around here.
Bored ? not enough to do fancy big shot mod's across all of crypto ?

Hey i got an idea..
Moderate the fucking scams in the ANN section since you have sooooo much free time.
In other words CONTRIBUTE to doing something useful in crypto for once in your life losers.

LOL i had to tell the mods on poloniex who BitJohn was hahahhahah
And THAT is who is in charge around crypto.. morons. ..scammy morons.
GROOMING THEIR VICTIMS like a fucking child molester !

Fuck with me dickheads you get "The Spotlight"
Enjoy it ;)

Doooooooooooooooche baaaaaaaaags
DOOOOOOOOOOOOOOOOOOOUCHE BAAAAAAAAAAAAAAAAAAAAAGS
i aaaaam caaaaaaaaaaaaling youuuuuuuu
;)
Blooooow me  ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D  8)

Dude, you really need some vacation. ;D As for the "attacks" scenario - I do not care. I am born and raised in Bulgaria were we are fucked on a daily basis by the EU, our government, minorities and pretty much the whole world. I've been in so many fights in my life, that they probably could cover the activity of a Hero Account in here, and I am using my real identity everywhere. Do you know why? Because I don't have reasons to be scared. We have more important things in our real/crypto lives.

Even the legitimate coins are a scam. Only around 10 projects in crypto are legit and not based on groundless speculation. I only invest in projects like Loyyal that has an inbuilt business or economy that means people will use it. I don't see anyone really using coins like NEM, NXT etc in any great way....it's just the same speculators playing musical chairs.

How much did Ribbit raise in their seed round? $1.5 million? Do you know how honest I can be for $1.5 million? Come on, you are now talking about project/s, which gathered significant amount of money.

+1. The coins that actually have promise (fill a unique niche) usually fade into the background after the initial funding is procured. This is a thing with devs, sometimes, once you start paying them, the work slows down to a crawl. So many coins come into the space, asking for cash, get it, and wither into to an butthurt altcoin section posting by a disgruntled bag holder.

you wish more regulation?

regulated by whom?
by the market? then nothing will change.
by a state-owned authority? this could be possible and things would change for the regulated coins. but what would this mean for the users?

by devs and the community? yes, but how?

Of course that I don't want regulation, but (in my own opinion), this will happen for sure. We (the common people) are free to do whatever we want, but to a certain degree. When you cross the line, you're screwed. Someone said that it is a free market, but its simply not true.

Otherwise, I don't know who eventually will regulate cryptocurrencies, but there are many ways to do it.

My point is they have a viable business not a coin telling everyone it's going to be the new Bitcoin based on nothing at all. Fact is the Loyyalty business is a billion dollar industry and a perfect area for crypto to go in the back door. Anyway no one here is talking about moral fibre we are talking viable business, it's not an emotional thing. The government if Dubai, Unilver, and Deloittle is partnering with it so far.....what has most of the top 20 coins got but hot air blown up everyone's ass? You are the one spouting off about adoption.....well here it is.


last time to buy before the moon shot next week on big news.....don't say I don't tell you.

Bitcoin can't be beaten by the technology. It will be beaten/replaced when/if some other coin/asset has better adoption. Fact is that Ribbit pump started in February and continued until 11 June. Its market cap now is half of what it was.

Of course I am talking about the "moral fibre". Scamming people could be called business only by some guys in here.

Please let's not talk about coins, in which we are involved and let's stick to the subject of this thread. I wish you good luck with Loyyal.

i can't see a change or a development towards more regulation. can't you please give me an example for this development.

the only regulation i can see is @exchanges. e.g. bitstamp. https://www.bitstamp.net/article/bitstamp-first-nationally-licensed-btc-exchange/

but not for coins.

TheDAO. Who do you think is responsible for the "attack"? The "attacker", the Ethereum foundation or both? I have nothing agains both sides, but if a bank is robbed, it must reimburse you, because it's not your fault. They are offering you some service and you are giving them your money. They (and you) reseive some interest, you also receive security. The "attack" affected both TheDAO and Ethereum's prices thus did some damages to "investors" (i.e. the guys who bought @ higher prices and then probably sold at a loss). What the EF did then? They had several proposes about hard/soft fork (i.e. "Hey, let's roll back things and f* what the "D" in the DAO stands for..."). I believe that in the future there will be other ICO's/crowdsales/etc. funded with millions of $. Do you honestly think that the governments, banks or "some guys" are going to allow this to continue, without creating some rules first? As far as I know, SEC already has some laws regarding crowdfunding in different areas. 

Problem with you is you don't even understand when someone is throwing you a bone....

i would not compare a bank with the dao smart contract thing. i think they have different terms (i did not read the terms of the dao).

what did the dao guys promise to their investors? did they promise safety?

concerning regulation: Yes, TheDAO is regulating things with the soft/hard-fork rollback thing. that is a good example.

btw: the so called hack is like avoiding taxes. it is not more than just bending the rules / the law.

Of course we can compare them. There are money involved (from the crowdsale). Your example about the "hack" is also good. As far as I know, the "attacker" did what he did by using the code.

1. no need of names, i agree with you in that. i've  seen bad names in ANN section every day.
2. not okay, but what can i do? if someone earns a low salary and still spend some in these nosense coins it's their problem... good investments doesnt fall from sky and people who simple put money in anything they find are doomed to lose money.

i've seen people like these who buy lotery tickets almost every week, you think lottery is a smart idea for someone without money? i dont think so, but, like i said about these coins, what can i do?

dont get me wrong, i do care. but even those coins you posted could be serious(remember dogecoin?), they could worth a lot in a year or two(i doubt that too, but who knows, it's like lottery) and if people want to invest... let them.

It was a wisecrack.