Bitcoin Forum

TLDR: People giving advice on social media regarding your investment are not concerned about you, but how they can fill their own pockets more while using you. Stop listening to them.

This acts as a warning to all who read posts after posts of bullshit on social media full of FUD and false analysis. Specially from those who keep making new alt accounts to support their own bullshit and pretend it is real users calling them good speculators.
Expect to see at least some of them in this topic.

This guy that I chose as my first PoB™ mark is the worse case scenario of all the bullshit you will ever see. But there are a lot more of these around. Literary everywhere.


And here are some numbers based on the date:

One month after and Current prices are:
Bitfinex $1889
Bitstamp $1855

I repeat again that this is not about speculating, this is about giving a warning to all possible new members who may want to start trading, investing in this market.
Don't take what you read seriously and run away if you saw a lot of throwaway accounts are defending the person saying it.

Good topic! Keep it going.

Still, everyone makes wrong calls form time to time.

I just keep in the back of my mind that Kwuckduck said the exact same things as you did back when we were at ~300, and now look where we are at. Nobody's perfect though, so you could indeed be right. I'll be checking back here to see if you were right or not.

I would have to agree with you there. These are all speculations and in the end, you have to make a decision for yourself. Are you going to trust someone else or trust yourself?

Yeah but kwuckduck is always, always wrong.. don't listen to anybody!!!!!!!

The main 2 rules of trading/speculation are:
* never invest more than you afford to lose.
* never get trading advice from random unknown people over the internet.


Iamnotback combines smart things with not so smart ones and, like everybody, tries to get some more money. Sometimes he get it right, sometimes not; I don't know if he wants to delude people into bad trading so I will not give an opinion in that direction. His ban evading history is, on other hand, from bad to worse...

Kwuckduck is funny imo, on every big rise of Bitcoin he starts warning about "the end is near". Of course that Bitcoin may have downtrends too sooner or later, but lately after each Kwuckduck thread Bitcoin rose :)

yes, tar and feather him. He made a wrong prediction. in THIS forum! that NEVER happened here before!!  ::) ::)

he was right with LTC though.




I always listen to quackduck the wise. If you do exactly the opposite of what he says, you always make good money.

I have probably spent more time publically arguing with iamnotback on various issues then anyone else on this forum.

He gives predictions and arguments based on what he actually believes and likely lost out on substantial gains by following his own advice on this one.

He is intelligent, eccentric, and insightful. He is sometimes brilliant and sometimes stubbornly and mulishly wrong.

He got this call wrong. He has gotten others correct in the past but if he shared a prediction he genuinely believed it. Let's not attack people for incorrectly predicting the future.

The key here is to realize that there is no substitute for individual critical thinking. Relying on others to think for you or blindly accepting their instructions is a recipe for poverty.

It`s pointless to argue with users who want to create panic selling for their own benefit.
It`s pontless to make threads saying "Bitcoin price will be XXX USD next month".
Is kwuckduck Satoshi? ;D   

I don't believe that everyone who is speculating, giving advises on social media is trying to confuse or purposely mislead you.
It's rather caused by cryptocurrency market. Is so complex and when you link human psychology, mob mentality and fear of losing money to it,
then we can have truly explosive reaction. That is the reason we have some many FUD and drama threads, crying about failed scaling and so much more.

One good advice: imagine situation when BTC will crash to $0, will you be still able to live and fiction properly? If yes, then don't sell your BTC.

Those people who do so are doing this just to make profit from it. They are not here to help others(except a few). Most of these speculation threads are just to mislead newbies and other audiences. I advice to read the market carefully than reading such posts.

Hahaha, the logical consequence of that is that the only way to ever get something out of bitcoin, is when you over-invested and were forced to sell !  Otherwise, you will only sell bitcoin when it is $0 !

To be clear, this topic is not about someone making 1 wrong speculation, obviously nobody can predict the future and there are a lot of unpredictable things that can happen. Although he wasn't wrong once, and certainly wasn't right a lot. He kept changing direction based on whichever he wished the market to go.

This was his plan, (like many others) he thought if bitcoin goes down then ETH and LTC which he obviously had invested in, heavily I should add, will go up so he started his campaign against bitcoin.

If you could find his deleted post history from April 11 and 12 you can exactly see what I mean when I say "changing directions". It was ETH up, I sold LTC went in ETH, an hour later delete and I sold ETH entered LTC, an hour later delete and repeat.


There may be someone out there who is giving advice out of the kindness of his heart but when money is involved, it is a dog eat dog world my friend.

Yep I agree, original post pretty much reads as, "I got burned following somebody's commentary, now I've got nothing better to do than claim they had bad intentions".


I'll agree the guy made some good calls and some bad calls. The difference between @iamnotback and people that accuse him of malicious behavior, is that he says things and then changes his mind and may or may not edit or delete his prior thoughts. His train of thought may be hard to follow. He's just sharing his thoughts. Unfortunately for morons like the OP, they think it's trading advice and fail to consider everything else he's written and fail to consider what others have also written.

You'd think this idiot was subscribing to a paid service and now he's warning others of a scam or fraud. LMFAO.

Have I been burnt following some asshole? Yes.
Was it this idiot's? No.
Was it recently? No, years ago. Now I see past the bullshit and FUD.

I've already explained, you failed to read.

This:
https://archive.is/dweLI
https://archive.is/HkddQ
and hundreds of other (copy paste) posts is not called "sharing his thoughts" it is exactly what I explained and you failed to read.

Somebody's butt is hurting ;D

why would you purge an 2000 USD asset ... ? http://imagizer.imageshack.us/a/img922/702/O3SL4j.gif

Iamnotback is very funny and entertaining person who lives in his own ego-driven reality. He is not harmful at all, just don't take him seriously  :)

Just watch YORK's topic and you will be fine tho. Others failed. Fact. I am enjoying my gains.

Yes new traders should not follow the market blindly.They should do the analysis of their own and then decide whether to enter or exit the market.Today in social media,most of people want to force their ideas over other people by creating many alt accounts.So be careful before taking decisions.

Iamnotblack is the exact definition of an egoist asshole...
NEVER listen to him. Not on economical matters, not on social subjects...
He's an horrible person

There must be accurate correct data. If not then this can produce a chaos. With accurate information we can all produce precise and thorough analysis.

probably he missed a certain law approved in April and that could expand BTC's user base immensely in the upcoming years

probably thought was just some 1st April joke

then it must have been more like the April first every day and everywhere for him to make the joke all over the forum and each day ;D

The key here is to realise that everyone is stupid, including you.  If you can't trust anyone else at all to be right no matter what their experience is, you should never trust yourself either.

Agreed, which raises the question if we cannot trust ourselves or others where can we place our trust?

Health and Religion (https://bitcointalk.org/index.php?topic=1373864.0)

at least iamnotback bases his predictions on fairly well though out reasons which he documents.

can he be wrong? sure. he seems more than often right or at least in the ballpark. i have made out decently by following many his predictions.

that being said no one should blindly follow another. due diligence and use your head, not your greed.

Bitcoin has a mind of its own. Even if laws do get approved, the price rise is based on pure speculation.
Speculation that the user base could expand. Speculation that the block size debate will be settled.

As quoted bitcoin is partially an speculative currency. So speculation clearly makes a pure change in the growth stats of the entire network. I believe blocksize debate will continue for a long without getting any conclusion. This too is an reason for the speculative approach.