Bitcoin Forum

The latest craziness is called BAT, which raised some USD $36 Million in 20 seconds. And now a day or two later comes with a USD $170 Million market cap + huge premine. People work for 20 years to buy a house (and this applies for a tiny % of the world's population, because for example, in my country (Bulgaria), a person with average salary will need to work at least 17 years and saves 50% of it to buy an apartment). Now every second 15-year old nerd who invested his lunch money in Ethereum (or NEM, or whatever...) some 2-3 years ago is now a f*cking godzillionaire and he can buy entire town. Not long ago I said we are in a bubble, but I was wrong. This is a f*cking disaster! Can you imagine the levels of inflation, which digital currencies can create? The great depression, Zimbabwe's inflation and housing bubble combined will look like a jokes. Maybe this was the idea behind Bitcoin. About 45 years ago Nixon ended convertibility of US $ to gold and it appears that after several years banks will "back" their fiat money with... Ripple or BallsCoin.

But hey, making money is a good thing, right? Enjoy the ride! 

LOL  ;D
yes you are right

Most of the ICOs I've seen have been a bunch of monkeys. Somebody is making a mint with these, the projects get a bit of development and then it all stalls and they disappear or dissolve. Look at how many projects have stalled, they leave maybe one developer on it and that's it, that's your money gone.

I was around for the dotcom bubble and the parallels are obvious.

I can tell you one thing I learnt back then...

Don't try to fight the stupidity. The ability for other people to be stupid is your opportunity to make money from them.

Also, we may not have even scratched the surface yet.

As someone else around here nicely put, when the shoeshine boy starts giving you ICO tips, it's time to sell.

No one know what the world of crytocurrency will be in 5 or 10 years, but is sure a lot of millionaire and billionaire creating in a daily basis here. So, enjoy it or turn off your computer and walk away?

Better how? Making money out of thin air is creating inflation. How's that better? In the past few years I was trying to avoid everything, which I don't believe in (like all these ICOs) and missed millions of $, but lately I started trading again and made my 3-month salary in like 10 days (few hours in trading combined). I'm happy with what I have, but I'm also pretty scared and it's like I started to hate digital currencies, because now they look much more different...  

EDIT: And I started not to care about what will happen in future. This is wrong... very wrong...

Yes, you are right. At the rate the money keeps flowing in crypto, we will see a shift towards an economy empowered by the people. Not a person or a board of directors will decide the value of a company but the crowd.

Well, those teenage nerds create a world for themselves in the future. We all admired the freedom and easiness of cryptocurrency now it's time to face the downside of it.

this is actually a very good point! and it is a bit scary if comes true.

but here is the question, how many are even making profit from these? mostly in total?
i don't think there are that many people who invested and made any real profit from these pumps.
* a lot of them sell soon and buy back when it is higher and get dumped on and actually lose money.
* a lot of them invest in ICOs that go to hell and lose a lot of money.

i guess we have to see how many are investing, how many are getting out with profit at the end of the day not with a bigger loss and just make a handful of pumpers rich(er).

It's not real until you sell it and withdraw into fiat. I've withdrawn $250,000 so far in my crypto adventures and still have $200,000 worth of cryptos.

That's true. Back in the days I was mining 130-150 Million TIPS with just 6 GPU's. That's like $3k worth of coins a day. Then in May 2014 I bought 7 x 60MH A2's ASICs for 48k euro and was mining $800 - $1300 (depends on prices) worth of coins a day. I've had 18k LTC, 3 Billion TIPS, 3 - 3.2 Million EMC2, 130k VIA, 340k VTR and 200K NOTE to name a few - all of them sold back in 2014, 2015 and 2016. Sold 200k BLK, which I bought for 1.5 BTC about a week before the huge pump and missed like $120k in potential profit. :) I'm not exactly like Laszlo and his pizzas, but still... :) Now I have a few favorites, but future will tell...  

This is only NOW because of the market growing such hard!

Crypto is just a movement of money...There is no money making....When the market will stabilize in some years than there is no millionaire teenager anymore but just a x2 in a year maybe....enjoy it as long as it takes...we are all at the right moment just right now ;)

Ride the train as long as possible, but do not forget to lock in profits now and then  ;)

It is a good suggestion. Always good investors will try to book the profits now and then instead of just watching the profit going up and suddenly if one day crash happened then these people will start worrying. I too usually book some profits but this time after I booked some profit the maximum pump happened and missed a chance to make more money but still got some coins so not so much worried.

Good point!

It's not a human job to predict what's gonna happen in cryptocurrency sector next years, and also in long term. But, here the idea is simple. Make profit and withdraw as much as you can do.  ;)

this is the key. very few people seem to bother to make the link to the final bottom line. if it ain't spendable for something real it's nothing but numbers on a screen.

anyway dotcom bubble claims are laughable. this is nothing. 99.5% of the world's population still doesn't understand what bitcoin actually is, let alone put any money in. and only a modest percentage of bitcoiners have anything to do with alts.

if the people who are here right now wait around long enough they'll be richer than they dreamed possible. better secure those profits while they can though.

For me this sounds so good to be true but i dont know this ico so im not countering your part,give me some links of their ico website and their future projects and all the information about their coin

Very good topic.
It's like Wall Street - by few clicks you make coffee cheaper, ruining millions of farmers.
Even stocks are in "to da moon" mood.

They are ,,,  ;)

I doubt anyone has become a billionaire (in US dollars).

Quite a  few millionaires, though.

as people have said its not real until its fiat... or until crypto buys products and services directly..


so it would be prudent to make a strategic plan for withdrawals and cashouts and stick to it

Plans built of maths fare better than plans driven by greed

All my friends say I am fine and even cheaper I profit 30% from buying altcoin

The key is to sell 75%, leave 25% in....With cryptos I don't bother selling unless I have a 10 bagger or greater or I think the entire bubble will burst, which has not happened yet.

Day for day there are projects like BAT you just need to find them.
If someone is poor its only the decision of the person, the person must decide of being rich than he will be.

wrong

What does that have to do with it ?
Are these ICO's launching with a guarantee in price later ?
Of course not..
You guys are forgetting that you get the "coin" and they get your money.
You are not investing in companies.

I don't think many of you have the faintest clue what is going on here.
Buying ICO coins for example are nothing but a fee to enter into a pyramid scheme.
You are not investing in some sort of business..
So they (the dev's etc) have absolutely no responsibility to any of you for ANYTHING ever.
They have every right to walk away with all the money the second the shitcoin launches.
And when they do.. i get pissed off at you idiots that know better.. not the dev's.

The dev's are simply pandering to a legion of dumb fucking dipshit greedy little immoral piglets.
You ask for it so they give it to you.

I have always said a "Scam" is an ICO that does not get you ROI's.
And a legit one is ..one you get profit from.
It's actually true.. that is how you all act.
Proof is seen and pointed out here on the first post.

I don't give two shits if they rip off you greedy morons.. you deserve it.

Just don't sit there and play dumb and point the finger at them.
There is 10k ANN topics here because YOU WANT THEM !

ohhhh i aemz bigz timez investrs and i haz ROI'z wit teh ICO'z !!1111ONE

You are not investors you are criminals perpetuating a scene that revolves around fraud.
You all collectively lie your ass of to lure in more victims or the scheme collapse in on it's self.

And no coin team makes any "promises" about what their coin will be worth..
Or they would have the US fed's on their ass in a heart beat.

And they are coming sooner or later and i will relish in the fucking blood bath.  ;D  8)

I'm really interested about your drama story.
What is your Dark stories with Crypto and before Crypto that leads to what you are now.

My heartbreak and sad story involves NOOB accounts that quote me with a 1 liner snotty remark.
I have been choking them down and scrolling past my own comment quoted for years.  ::)

You think you are clever little shits ?
I seen 1 million of you say the same thing 1 million times before and replied to them all 1 million times already.

Line up and i will take each and every one of you down at the knees all day and all night.
I take all comers.

Don't pretend you are smart kidiot investards.. BE smart !

So ?

Recap Time.. is this a topic on Spoetnik's feelings ?
No ?
Aww bummer.
Hmm what is it about then ?
Gee too bad there isn't any way to figure that out huh ?
Oh well.. screw it.

Picking a good coin, all in and hold... This is what you should do in this superbull market

I have a friend that has a 300,000 USD worth of asset in crypto currency. Because of ICOs and Airdrops, average people have now opportunity to become a millionaire in an instant once luck favors in you. Let us enjoy the waves!

i think you should consider that crypto is a very young tech and we are facing an exponential growth and reach, this means more people and more money join the game

and btw i really don't get what's the point of your thread, you hate crypto because people can make money and maybe not be slave their life to buy a house?

What was his starting capital, please ?

This is a free market. Anything that has no value behind it except speculation will eventually disappear, but don't you worry about the future of cryptoland. Digital currencies have already become a commodity that the world cannot function without.

that is such a huge huge huge amount. i think investing such a large amount of money can really give you a good profit you just need to have to manage it in a right way if you have the ability to manage your money you will really get a good profit by invest such a huge amount.

I think you're missing my point here. There's nothing wrong to make profits if you have ideas and realized them, or just by supporting some project, in which you believe in. All I want to say is that what happens now is not normal. Back in 2014 we've seen crazy profits on several coins, but now they are like 10s (if not 100s). If you think that doubling your money in a day is normal, then you are nothing but a greedy speculators who doesn't care about digital currencies at all. Back in the days we've seen people who were saying: "I'm glad that I bought "put_your_name_here_coin", now we're seeing people saying: "DigiByte/SIA/NEM made me a godzillionaire!", "I have 50,000 BTC, tell me where to invest?" etc... All are bragging that they made money. Less and less people are actually talking about the given currency or even cares where it will go afterwards.     

If someone has 50,000 BTC and do not know what to do with the money, do not worry, he will lose it :D
With such win, I would leave the place for another people.. And simply move elsewhere...

I myself have a couple of coworkers who can retire now, and they can thank only altcoins for that. I wish I would be there with them in the beginning and I could also retire now :(

Hype. It's all hype. Some people will come out rich, others with regret. And this will happen over and over again every now and then but stronger each time. Look at 2014's altcoin season and this year's and imagine in 2020.

You don't get it. Real financial revolution and disruption of markets is ongoing. That's why it's so insane, but it's not unsustainable because the whole cryptocurrencies market is still a misery in a big picture. So enjoy the ride, we're living in very exciting times.

Exactly! People seem to underestimate what  Cryptocurrency is capable of becoming in the future.
 A time will come when profit will slow down (when Crypto becomes very popular like Facebook ) but for now the profit will continue to be massive because it's a revolutionary technology. It's normal for new adopters to make hugh profit from new technologies not to talk of making money from Revolutionary technology like cryptocurrency & blockchain

Wether or not this is a bubble is irelevant. You are stupid, and that's a fact. Dotcom bubble was a huge leap forward for the humanity. And who benefited from this leap forward ? Well i tell you who, NOT the average citizen. Blockchain technology is for everyone, anyone can be an investor. Not just someone already rich or someone accredited.

If this is a bubble that will change the world the way IT explosion of dotcom bubble did, then why shouldn't the average citizen benefit from it ? THINK ABOUT IT.

The most attractive aspect of the crypto market is that it is a free market and no one is controlling it,i think as times passes by there will be rules and regulations that would monitor everything and till then you can do everything in your power to manipulate the market and make the maximum amount and that is what people are doing for the past few years.

lets face it this is not about investing this is PURE gambling now.
Name me REAL USE cases for top 10 crypto cut off BTC  ?
ETH for me is fuealing ICOs but besides that it is not used.

I have made math and ETH/BTC are mining 1/6 value of GOLD now.
Those coins mine MORE 2x more fiat than silver is valued.

Where we are ? Why some people are reapiting that crypto is undervalued ?
People complain that Microsoft is like 250mld while crypto is 1/4 of it :D...
but Microsoft have office have  true workers on all world almost all people use its products
OS  , Xbox , office.... microsoft heave earnings.
We in crypto now are producing ponzies.

Lets take bat... people thrown like 10 000 BTC : ) on project...
now that project with delivered whole 0 is rated 60 000+ BTC - HOW THE FUCK ?
In crypto people are complaining at FED but hey look what we are creating ?
we have user activated FED2.0 :D.

It will end bad for many people more it will rise more time it will recover over time.

You were so close to the right answer but it is not blockchain that is causing inflation of fiat, it is central banks that continuously expand the fiat supply.   Blockchain just happens to be the single best sink for this inflation (see Gresham's Law) but the world is just barely starting to realize this.   As this trend continues enormous fortunes will be made (and lost) as wealth is transferred to various blockchain products (and between existing and new products).  

There's a thing you and 90% simply cannot comprehend. Ethereum is a PLATFORM on which people / organisations deploy dapps, wether or not they have their own token. So yes, one of ethereum's killer apps is the fact that people can start their own startups on it.

Ethereum works and there are hundreds of working projects on ethereum. Yes, you will argue that most of them are useless or simply don't need a blockchain, and i will agree. But what do you expect ? Dotcom bubble was full of failed startups too, look where internet is today.

And ether is used to fuel dapps, so there's high demand for it. But the price to deploy these dapps was trivial because ether was cheap, that is why optimising the client / cost wasn't a priority. And that will happen with metropolis. Because ether is not cheap anymore and people complain it is getting expensive for dapps. If there were no apps / dapps / usage then there wouldn't be people to complain, right ?


Mcap is not THAT relevant in the "real world" aswell. Tesla had higher mcap than ford, and not even 1% of their production. It's just that people speculated on it. Yes, you can argue that tokens aren't shares, but keep in mind that, unlike with real world regulated assets, in crypto everyone can "invest" even 5$. You cannot do that outside crypto, not really.

" As this trend continues enormous fortunes will be made (and lost)''


And critics happen to ignore the hugh loss  Investors suffer. They focus only on the profits. Isn't it crazy how the human mind work. Everyone subconsciously feels good when ordinary folks are suffering but becomes uncomfortable when things go well for them.

This reminds me what happened between Youtube & youtubers. Most YouTubers were making a hell lot of money from their videos ...elites who couldn't make good videos become too jealous and pulled out most of their companies from advertising on YouTube under the pretext that videos aren't sutable for children. I bet they now enjoy watching  youtubers complain of not making good money anymore.  

You know what most peoples saying when angry are....: Words of  projections from themselves.

Peoples had a life before creating a new account there.

An advise, but thats something nearly impossible for someone like you who thinks hes so smart and cleaver: u cant slow down your emotion and relax, you are already phucked inside your brain with bad feelings,paranoa, pressure...

IF you are smart enough, start by yourself and calm down your inner world.. but its nearly impossible to do for someone like you. and in case you are really very smart and you wanna calmdown your inner world, its gonna take years.

So you like many choose the easy way, and scream averall: zzzzzzzz i'm the man, i'm the wiseman, but you are just so depressed.

@spartak_t i agree with everything you just said,i am not sure how bad it might be in the case of inflation but as long as it will reap us the profit in a short amount of time ,i am more than happy to spend time and invest in competing new markets,these sort of wealth accumulation was not possible earlier and may not be possible five years from now,as long as we could make it,lets enjoy the ride.

The crypto market is really crazy to be frank,first i neglected it then i had to embrace it because of the potential it has,as OP said people who invested a small amount of money in the beginning could makes millions and what better investment do you get else where,i am into stock market and i had to switch my entire focus to this platform because of the profit you could make at a very short period of time,lets enjoy the ride .

I believe so much ICO will kill the market and after fw days we will have no ico getting even a single satoshi.Now we have ico for everything and surprisingly they all get funds

the ico trend will reverse when all those ico escrows start releasing funds and teams are gonna cash in their crowdfunds.

Yes, unfortunately there are not valid escrow (there are no valid rules about the escrow for Ico funds)
that manage between the investors of Ico and developers of ico, the developers of ico can run out with the funds of investors. In my opinions actually the Ico is dangerouse although not all of them, at least it is high risk investing in Ico.

it might follow the dotcom bubble closer than we want in that the ideas will continue, but the projects that introduced them will all die. people should be planning to lock in gains just in case.

It can't agree more with this suggestion. I will always try to book the profits now. For example, if the coins pumps X2, I will sell a half of them to get back my investment. Then, I don't worry about the crash and in most cases, another half coins can bring me much profits.

btc,eth,nem,ltc,ppc are solid coins

even XRP to some extent, though not really a crypto.

its not so much how the hell is this going up, its more of a a way to unmask the hyperinfaltion via debt issuance we are in at the moment.

Don't believe me, look next door, how much are houses now versus income?

Its was 3x in the last 5 years or something more, over 10 years 10 x, since we left the gold standard, 100 x or more.

The endless debt issuance, has forced low interest rates, and the main govs have no where to go.

They cannot increase interest rates because they will put 20~30% of their massively indebted into the streets, which will mean civil unrest at best and the gov of the day will lose power.

But money printing is free, extra zeros are free, the gen pop does not get it and I mean gen pop, locked into this foucault carceral of the debt/social media/jobless education circle.

It used to be we were given bread and circus's, 

we are now we the circus and debt is out bread.

Then comes in BTC.

100B combined mkt cap ex nihlo as far as the uniformed can make out,

truth is, its been done now, value can only be wrested by reason, or at least choice and trust can be generated without trust needed to be returned.

we are seeing now a mechanism to unwind all the errors, waste, of the last 100~50 years, plus and entirely new system of being able to do things.

It so revolutionary, its hard to grasp the multifaceted implications.

One is though BTC is not exploding, rather its expanding into the vacuum of on non existence of fiat.

There is no way to stop it now. Even if you kill of BTC there are 1000 more cryptos knocking on the door like some multi headed hydra~pheonix on crack that has combined with a rna evolution engine. Good luck with that.

Its going to go to 1T then 10T then on from there.

You can speak to those who are in banking, accountancy and fiance now and they have no idea about BTC tech or what it does, they have little idea about money creation. These are the people who should know. They Don't.

It gives you and idea of how far this has to run.....there will be a series of bubbles along the way.....but eventually people will be less inclined to take gov $ as their value evaporates.

So much inefficiency is going to simply fall out of government and banking its not funny.

what wrong, is we are the people upon whom the omission of education and dollarisation of your mind did not work so well.

We are the people understood the implications.

It takes quite a bit of a leap to grok it. I grant you that but its worth working though.

BTC to 1M honestly its not surprising that it could quicker than you may suppose.

I don't see a problem, I think they will be better off then those slaving away like in my country for $200 to $300 euro a month and the owner doesn't like him after 20 years and just kicks him in the ass and says take a hike (don't take it personally). I think the cripto kids are better off then the "loyal" workers of my tyrannical country.

seems that people didn't learn form their mistake, i guess they are stupid, it's unbelievable how many are still buying shitty ico with fake face and possible scam, with no purpose other than taking away your money, i don't know if this is worse than those smart contract project that are overwhelming the market more than ico itself, and are all based on ETH, aren't people tired of the same shit?

Do you think Stratis is a big bubble?

You are wrong. The only reason a person can buy a town with crypto is that there so few people doing crypto buisness. There is no inflation there is a shift of value from conventional fiat money to cryptos and the people that are in the crypto buisness first benefit most.

Haha. It is true buddy but we have to accept it. People love money and that why they invest money in ICO and tokens and dream about one day they will become a billionaire who do not need to do anything but still have money to spend. IT is crazy. But that is what the world is

I'm not sure if you ever wondered about Ethereum's scalability issues and the number of hard forks we will have in future? I've seen how many prominent coders said that they don't completely understand Ethereum and what comes for us, the "ordinary" people? Myself am an IT, but I know shit about coding (except that I wrote few scripts for IRC bots 15+ years ago, but that's long forgotten as it is not my thing). Betting on something, which you don't completely understand is stupid, because question here is not what the tech can achieve, but how. Most of you does not know the answer of this question. Most of you are currently paying billions of $ for something, which is based mostly on promises. Fancy roadmaps and plans, but what if they fail, because simply the tech would not allow them to grow as expected/promised? I'll mention BAT again. If you ask me - this is a multibillion opportunity and I won't be surprised if it reaches $20-$30-$100, but that's not the question here. Imagine the negative impact...

Do you know what is even MORE SICK ?

https://www.inc.com/jeff-bercovici/peter-thiel-young-blood.html

You can buy youth, if you are rich, just find some kid aged  up to max 25. Pay $8k and there you go...

MONEY can buy anything you can dream off. Even life. And therefore of course even death.

Coins.. pfhh.... a drop in the ocean..

Hey hey hey! so you was there too in 1997 1998 1999 With MIRC32 DALNET SERVERS, Then 1999to 2001 With MIRC32 Webnet servers lol. Good days.

I Started internet with caramail in 1996 it was the facebook of today, then mirc32 is coming , then ICQ in 2002 then msn in 2003.  i'm talking about the popularity of thoses sites.

Yeah, I was even IRC Operator in the Bulgarian network (UniBG), which I think was 2nd or 3rd largest in the world back then. :)

https://i.imgur.com/IQ1v94q.png

spartak_t> hey, I love IRC  :) I go back in there every now and then. I spent huge amount of time on freenode

Someone is jelly.

I think this is not quite true. Investing in altcoins is a lot like gambling but only with some small part of experience needed. One can be very good at programming and define the best currency ever, invest lots of money in it. Nut eventually this programmer might lose just because currencies people use do not solely depend on code. Moreover, most of users don't understand how something works and what potential issues there are. That is why investing in something you don't know how works but have some sort of feeling that it will be popular does make sense and is IMO likely to be more profitable than something one calculated and defined as the best thing.

This really seems like a crude method to extend one's lifespan. Better is to find what is in the young blood and get it in pure form. With a transfusion, you are subjecting yourself to every disease that the donor has been exposed to.

If you want to stay young, start by keeping your weight under control, eating healthy, and intermittent intense exercise.

As you get older, you need to pay attention to supplementing failing body system. Whey powder and vitamins to make up for poor digestion. Melatonin to get good sleep and hormone regulation. NAD supplements to keep your mitochondria going.

The point being: There is a lot you can do to stay young on a limited budget and it is probably a lot safer than things like parabiosis too.

I Was close to be IRCop too on webnet, what a funny days.. add aop/sop nickname #channel lol

Yeah, they were great days... we had meetings and everything. :)


Being a LocalOp was pretty much nothing, but I was master in the bots of the country's channel #Bulgaria and owner in Sofia, Plovdiv, Varna and Bourgas channels (i.e. the channels of our biggest cities). Like I said... good old days. :)

@Spartak
I ran a poll here not that far back and asked [POLL] Do you believe in Ethereum ? (https://bitcointalk.org/index.php?topic=1652509.0)
The vast majority said no.. then went out and bought them anyway.

If you don't actually believe in what it was designed for then why buy them ?
The guy on this topic earlier said it.. "gambling"

Check this out.. [FUD] What to do with an Ethereum Fuel Token ? (https://bitcointalk.org/index.php?topic=1659592.0)

This shit is a fraud and Ethereum is a scam.
I launched a topic on it in 2014 with enough proof.
And yet reading what i said above its the no. 2 coin in crypto ?
How ?

I even bumped it because guys claim there is no proof.
Staff deleted my post and it went back into hiding.
People don't want the truth out or to hear it.
They simply want to hear how Ethereum is awesome and it will make them rich.

To me the concept of it makes my skin crawl.
The very idea of it is simply retarded and that is coming from someone who is a coder in a bunch of languages.
I would never have the fucking silly audacity that those dumb fucks did.

It's like designing Android the way it is now then wondering why new versions have a 0.1% adoption rate a year after the new version comes out.

Look at BAT.. supposedly those guys have a leet resume ?
I think not.
Firefox has been nothing but a massive ass fucking of stupid coding decisions for about 10 years now.
Every time i think it can't get any worse they fuck up some other part of it.
Being on that project is not a good thing for your resume.
If you applied for a job with me and it said that i'd yell at you for an hour and kick you out.
Here ?
They hand you 30 million in cash and slurp your cock dry.

There is nothing to like here anymore.
All of this is a joke.
The people are losers and the "coins" are pathetic.
There is nothing left to be a part of.
I didn't come here to be like ETH tard's and buy coins i don't believe in fer teh ROI'z on teh profits coinz exchanger.

All people need to see about ETH the scam ICO shit coin is it's far too complicated.
It will keep failing because it does not have the simplicity of Bitcoin.
Of course it will be hacked and of course it will be forked lots.. duh.
Because it was a stupid idea in the first place.

oh the world is so wrong!!

cry more and deal with iT mr perfect

To me, its like old HYIP days.
Promising 1-15% or even 40% a day.
People DID BELIEVE that it's real "company" paying..
Admins of HYIP's were 15-20 years old kids, scamming people for MILLIONS
forexample, what I remember, 12dailypro ($50M scam, FBI did lock up the woman behind it), and for example a Stormpay (paypal's copy) was like $400M scam. later on, e-gold, but it was not scam, but the owner did some shady tax evasions on the US, so FBI catched him too.
Now it is "coin forex market" , and with ICO, it is pretty much like old HYIPs
No need to have IQ170 to see this.

Also, one more thing - market cap is fake value. No one would receive $90bn if all of the coins are sold, because there would be no buyer, also, no use of the coins. It's not like buying Apple stocks, all of them. it has value, or MCD stocks, even though, the true value (cash value) of MCD is 100times lower than market cap. It's a premium for brand name. (MCD has like 30bn in properties, but also 29bn in debts, yet, market cap is like 130-150bn?). Anyway, its all just fairy tale, these market caps.

But yet, ICO's, if I get it right, I have no idea why would the crowd give out 8 figure sums each week for few bytes of information (coins, tokens, smileys, likes, or whatever). I guess it imitates the startup projects (which could be scams too, but not that much by far). But its a PURE PONZI.

I'm not saying its pure evil and wrong to gamble on it, but think about it.. Ponzi itself is illegal. Even to join, play it. You can get rich quick, of course, you can do it on slots in Las Vegas too. But you need luck, and moreover, you are not getting rich OVER the owner of the ICO's, but OVER some other 15-20y.o. kids who did a wrong trade (late train, buy high, sell low, etc). There is always 5% winners and 95% losers..

It's not about printing money, value or any kind of assets. It's simply moving money from group 1, to group 2. (from losers to winners), where admins/owners of ICO, and market providers take their share of fee. No one here is printing money. Centralized or decentralized, it's all just fake imagination. Even BTC - if you earn thanks to BTC value increase/decrease, someone has to take his or her loss. There is no other way, how could BTC system work.

TS should be happy that he is one of the few people that has the knowledge and ability to participate in this and potentially be one of the people that can get a fortune "for free".

YES there will be alot of scams.

Blockchain tech is incapable, od being a ponzi where supply is limited, it turns ut though you can unwind the banking/fiat ponzi with a block chain.

Not losers - failers. But you're wrong, because there is something left to be a part of. FAIL coin is here for over 3 years now and will be here as long digital currencies exist. :) 

This is going to end pretty bad sooner or later!
Mark my words!
I can already see the people screaming and calling for regulation and justice because they were stupid enough to put all their money in those scammy schemes!
You may laugh today and tomorrow. But 95% of you guys will end with losing all.

Well i hope people caught the last part of my rant.
It's not just about morality or the law coming to wreck things.

It's about starting out here with good decent people who left.
Replaced by a newer generation that keeps lowering the bar.

I don't enjoy being surrounded by greedy losers who are hell bent on fucking shit up for quick chump change.

Crypto sucks.
I don't like being involved anymore and haven't for a long long time.
I've pretty much just stuck around to remind people of some of the history i witnessed.
And maybe sprinkle in a little FUD (because it's warranted) and see what's shakin'

I am not against the idea of trading or making money etc.
Lumping together bad behavior with good behavior is not gonna fly with me.
The distinction exists no matter how much they cry FUD or TROLL.

If the majority in control are dead set on running the ship aground for fast profits then so be it.
I am powerless to stop it.

..but what *could* have been though ?  :'(

Thats the market. The market determines the prices. I mean look at diamonds. Why the f*k they are so expensive? No one except real experts see a difference between
diamonds and zirconia but they are so expensive. The market was and will be always crazy.

But to protect the BAT there is a really sick team behind. It is always the potential. Look at UBER its worth more than 70billion have NO profit but the investors keep throwing their
millions into it, cause they see the potential of it.

yes BAT does have a really sick team behind the project but is the valuation worth it is the biggest question,looking at the total number of coins i should say it is not that worthy because there is a coin for half the worlds population :D,it is crazy to see people investing in it after hitting the exchanges because they missed the ICO and so is the reason the price is soaring.

Interesting story on Uber..
http://money.cnn.com/2017/06/01/technology/business/uber-losses-investors/index.html
Yeah it's fucked up shit for sure !

But boys & girls what i keep harping on relentlessly in crypto all along is..

THIS SHIT AIN'T REGULATED.

We in crypto do not have a Berni Madoff in jail.
Nope.. we have Paul and Mark from Gox, Cryptsy, BFL, Mintpal etc laugh and walk.

We in crypto do not have a Martha Stewart a lady who baked pies on daytime TV sitting in jail for insider trading like half the guys in crypto do.

You idiots here do realize that if there is no law stopping them they are going to do it right ?
And i don't blame them one but.. of course Crypto is riddled with insider trading.. duh  ::)

It just agitates the fucking shit out of me how all these guys in crypto forever compare every aspect of this idiotic crypto scammy bullshit with stock market money scene crap.
The two are barely comparable !

Ethereum is not Amazon.
Google is not Bitcoin.
Uber is not Ripple.

And all i seen since mid-2013 is idiots flowing in here and throwing every stupid little stock market jargon terminology they can at the wall..
IPO was the word of the day for ages.. then ITO then "crowd funding" all kinds of snazzy little keywords to make this moronic shit to seem legit ..to "investors"
Now it was changed to ICO and the word makes me want to punch someone in the fucking face.
It's another word for scam.
I don't want to hear about your fucking little road map or hear about your margins or your ROI's.
You can roll your little White Paper up and your smart contracts and jam them up your ass !

THIS AIN'T THE FUCKING STOCK MARKET.

This isn't the New York Stock Exchanger kidiot Investard profiteers.
You are playing scam coin ROI's gambling in an unregulated lawless scam scene.

PS:
I hope you were paying your taxes on crypto too.
I warned you all along about it.. were you listening ?
Coinbase + IRS lawsuit what now ? LOL

The fact Coinbase is worth 1 billion dollars makes me puke up in my mouth a little.
The faster 3 letter agencies come flying in here kicking ass and taking names the better.

The only thing i learned in crypto is if they can they will.
If little pieces of shit can setup endless little schemes for profit.. they will.
They will be at the roof top peddling "smart contract" white paper ICO investment advice from the rooftops.. taking little kids lunch money in a heat beat.

Did you all forget this is where rich corrupt deceitful whales and their paid financial mercenaries prey on children ?
You realize they is no crypto age requirement for this right ?
You realize how many are 15 years old suckered in my lies and bullshit ?

Well, you are still here and still a survivor!

I sold 20million BCN last year and we all saw that pump!  :D Back in the day when I was furiously mining them on GPU I took the dogs for a walk and when I returned 1 of my rigs was proper on fire!  ;D I always kept a couple of fire extinguishers handy after that - and my main thought was 'thank the lord!' it was just the PSU and a crappy gigabyte MB that got smoked!

I'm glad you still have your favorites and are a paid up member of the survivors club! Good luck, my friend.

It is not true for every ICO present on the planet. The only ICO's which heavily invest into their advertising and marketing panel are the one got noticed until now. And that is the only strategy behind its success. People anyway want money, so they just invest when something new comes. At this point ICO launches with amazing price and people also get good profits when it is in prelaunch stage due to its upcoming popularity. The ICO also crashes after few months or so when people see another ICO coming up. At this point they think the current ICO won't go ahead anymore so they dump it and ICO gets collapsed. While other ICO start putting up the work in the market and rising their funds heavily.

Though what you are saying is true but for everything under the heaven there is season and time. This is time to make money from crytocurrency and we should all take advantage of it. In forex it is very difficult to make 100% return in just a month but we are making over a 100% return in just a month from crytocurrency. In future it might create inflation but since I was born my country has never got out of inflation!!!

We'd better not think about what we have sold through the years - these are unnecessary regrets. The only thing I have regrets is that the project I'm involved in is not moving as I want to and that's because of the lack of funds, but better days will come. Good luck to you as well.

Not every kid and even not every person would sit here on the forum, try to analyze, find some information and spent hundreds of hours, to find some great thing to invest in. It is like football, people 20 years ago where simple playing it, without getting millions and what we see now? On field there are 24 millionares running with the ball. Just what im trying to say, it is not bad and it wouldnt do nothing to the economy, but yeah we would get a little bit more millioners, but why not?))

All this money is going to eventually attract the laws. The market cap for crypto is about to touch 100 billion. When the bubble bursts or correct itself, there will be lots of complaints as they lost money in a unregulated market.

Lol. It touched 100 billion while writing this

It surpassed $100 Billion hours ago.

The point is the market will attract the attention of the authorities soon.

enjoy the ride, we are all on our way to be rich...dont think too much, just buy and invest in a legit ico..

remember !!!

do some research before investing on ico, some ico maybe will become scam..

And if we all sold all our coins at once we would get what for them ?

Exactly, there's about 5% liquidity at any point, and that 5% would probably only fetch half of that, so in essence dumping 2-3 billion across the market would collapse it.

I don't know how mystery altcoin money could effect our economy or if it could actually collapse the market over a period of time. But I believe that most people don't even think long term effect just the moment. Most people only think of the amount of money they might make acquiring these coins. ???

Heh, this already happened. :) I can even prove that authorities are following certain sections (if not all) of this forum, but why would I care? I've been always honest (or at least I'd like to think so).


No need to ask me this question.

 

Crypto is finding its true nature.  Pyramids.

You are perfectly right that this is going to end in tears, blood will flow, and when blood flows, some people get rich and powerful.
If it goes *really* high, and if institutional players get into the game too, this will make 2007 look like a minor correction.

Irrational exuberance regularly needs a new toy to bubble.  Tulips, South Sea, stock, real estate, dot-com, complex derivatives, and now crypto.  When it blows, it hurts economy.  It would be really ironic given Satoshi's genesis block that he made the invention that caused the biggest financial collapse in history: pure speculative assets without a bound.

I fail to see the relationship between "pleasing authorities" and "being honest".   They sound rather contradictory :)

That's because of the greedy s*itheads who flooded digital currencies. Most of the shills here are cheering, because of their $5 (or even $50 Million - who cares?) profit and they don't think about others. Whales are reaping you off, but you refuse to believe in it. And others who know how this "game" is "played" simply doesn't care, because they are part of it. Keep screwing with what has been offered to you as a possibility and you'll soon get back to your lousy work (cleaning old lady's asses).

What I meant is that I am somehow involved in a digital currency, but I have nothing to hide if authorities decide to prosecute us all. I've done nothing wrong.

Tokens are better when fiat money, at least they are backed with software not like fiat money with tin air ...