Bitcoin Forum

Link: http://www.youtube.com/watch?v=ltMAKRrkNvs&feature=watch_response_rev

Please grill this guy about his "knowledge" of bitcoin.

He claims to know how bitcoin works yet I don't believe him.

First off he sounds like he has been mining for gold since 1949. Second he didn't use the chart at all to explain his point. Third he should have shown, gold, sliver numbers along with the bitcoin numbers to strengthen his argument which is clearly non-existence. He just don't understand the why bitcoins shot up that much, and clearly the market needed to be retested to then be stable.

Even tho he does not mention it, the video is a reply to BrotherJhonF latest video. (The two have been having been trowing some punches between them for a while now.)

To make a long story short, BrotherJhonF used to have a separate bitcoin channel and stopped updating that only to start mentioning them again now that bitcoins are going up. Between the lines Don accuses some so called stacker's from being silent when buying times are good and then going vocal to ramp up prices more so they get the chance to sell there own stack with small profit. (that is what I read between the lines, I could be wrong)

Aldo I do not agree with the way he presents it in this video, I have to agree with Don in that context. Advising to buy bitcoins as investment atm is a bad idea. Short term a couple of months ago maybe, now i's to late ... From trading/stacking point of view, you don't buy after 50% increase.

But yha do question him, I would like to see his point of view on the mater.  ;)

My 2 cents ?
Don't speculate at all, don't play the rigged game ...
Invest in something solid that adds real value ... like miners.

I made it up to the part where he refers to a bit as "some sort of kooky computer terminology".

I don't have the capital to setup a large FPGA farm, nor would I want to with the imminent ASIC release. So I go long with whatever the current price is, even when it was higher that today's price. Besides, day trading for small profits isn't worth wasting my time when Bitcoin will realize an asymptotic ROI.

lololol in his video he talks about the 'bitcoiners' deleting comments and disabling ratings on their videos, so... i decided to post a comment...
Guess what... 'comment pending approval'...  ::)

Summary:

1. Bitcoins are volatile. Look at the chart.
2. Bitcoins are bad.
3. Bitcoiners are hypocrites for promoting Bitcoin when things are going well but keeping silent when it was going down from $30 to $2.

There were no arguments presented beyond this.

There. I just saved everyone ten minutes of wasted time.

And he kept saying he doesn't know anyone that "stacks silver" and does bitcoins.  Well, I have about the same of both and thankfully, this guy doesn't know me.