Bitcoin Forum

BTC will never die, anymore than cabbage patch dolls have died ( or 'pet rocks') , there are always fools that will embrace the scam all the way back to zero, and HODL

Look at all ponzis in human history, all had their day in the sun, and then fell out of favor, this too shall pass.

Most campaigns these days and paid influencers on youtube, are trying to bring in 'green woke' suckers to the fold, the original base of losers has been played out.

Rebranding is the game today, BITCOIN is yesterday's crypto.

Last year 2k shitocoins, this year 10k shitcoins, there will probably be 100k shitcoins next year, but some will be 100x better than bitcoin, that's where smart people have moved, and only morons HODL;

...


Come on people given me some reasons. I have studied 'bubbles' my entire life, and NADA in human history has any bubble lasted over 10-20 years, and yes most had 2-3 cycles before they fell out of favor, south-sea bubble, and Mississippi bubble both went to the moon, and back before they finally fell back to earth like Icarus.

Today with 10K shitcoins, and most are far better than BTC, why in  the hell should this continue; $1 invested in shibu is 50k coins, much more likely it will go 10x than BTC, which can only now go down, as the COVID one-time funny money is not coming back.

The big companys and pension funds have seen BTC lose -50% in a few days, they can't gamble their pensioner money without going to jail, there is nobody, no greater fool on earth to buy bitcoin. It's almost game-over.

By all the definition available anywhere, there is now no argument if Bitcoin can be another ponzi or not. Yes, the fact alone that it has been with us for the past 10 years or so can be a big tell-tale sign that it is here to stay and no ponzi will really be that "hot" for a long, long time. I don't think institutional money will get interested with something they know is just another fad and just another joke. In the past many years, nobody is hiding the fact that Bitcoin has been a very volatile asset - meaning it can go up and can also go down in a very dramatic fashion. When it is down, all we have to do is HODL and when it is up we have the option to let go and make good profits. Now, soon when BTC is up again covering a new ATH level, people who are fond of associating Bitcoin with being just another ponzi will be as cold as snow and as silent as the dead night.

PRIOR manias also went 10+ years, this means nothing

During the south-sea bubble, Sir Isacc Newton smartest man on earth told everybody "This is a scam", on the  second wave of south-sea bubble, Newton, feeling he had made a mistake went all-in, he lost his entire family fortune, and became a pauper.

No this time is NOT different, a scam bubble lasting more than 10 years is common, epsecially in fraudulent money scams backed by GOV like in France, the Missisippi Bubble where the kings money was backed by worthless paper stock. Primary reason the french monarchy imploded is that they allowed the 'stock swindlers' to operate the bank of france.

A ponzi just means those that got in early got rich. Check. A pyramid scam means those who got in early get rich

Scammers entering the highest level's of government to stop criminal indictment is common in these financial swindles, the thing is this is the first that SWEPT the earth, but it will not be the last.

1.) BTC is not unique
2.) BTC is easy to hack
3.) BTC is fake pricing backed by USDT which is also backed by nothing
4.) Once the selling starts, the 'price' will go to zero
5.) Just because something went on for 10+ years means nothing the history of financial swindles.

Long after all these bubbles imploded, 1,000's of people were murdered, executed and imprisoned. Only those who sold out early, and left their country's saved their arse.

The latest Bitcointalk Troll continues with his foolish attempt to discredit Bitcoin, but it gives us an excellent opportunity to smash his theories and the FUD that he fabricates.  ;D

He says :

1.) BTC is not unique
Answer : Oh yes it is, it was the first Crypto currency, from which all Alt coins was copied and nothing can change that.  ;D ;D
 
2.) BTC is easy to hack
Answer : Wow, Do your homework fool, It is backed by the most hashing power in the world... no other Alt coin comes close.

3.) BTC is fake pricing backed by USDT which is also backed by nothing
Answer : Fake? Look at Fiat currencies and how governments manipulate their value. Bitcoin is based on actual Supply and Demand.

4.) Once the selling starts, the 'price' will go to zero
Answer : Thats what they said in 2018 and guess what it was $18 000 back then and within a few years it shot up to $60 000  ;D

5.) Just because something went on for 10+ years means nothing the history of financial swindles.
Answer : The average lifetime of a paper currencies is 40 years before it fails. Some currencies last longer, like The US Dollar and the Pound sterling.... So I guess Bitcoin is still going strong, compared to other currencies.  ;)

https://en.wikipedia.org/wiki/List_of_Ponzi_schemes <== Strange, Bitcoin is not on this list.  :D

Let's end this discussion here guys... because we just giving this Troll exposure... to spread his garbage.  ::)

LB Hubbard Bitcoin, ahh Bitcoin-Tology, the high priests have arrived

Thanks lotus 123 was first, where are they now, ever heard of them? probably not

BTC is a ponzi, and your cultish protection of the cult, and the church of bitcoin, doesn't change the fact that its going down

paper currency avg life is 45 years, btc is not a currency, and its paper-money is not a financial swindle orchestrated by common criminals, your argument is weak and un-informed

Like I said the famous bubbles in history, all went to the moon, and back many times before they reverted to zero, bitcoin bubble is following a historical pattern of prior hysterical bubbles

USDT is not fiat, R U a bot, because you repeat cannards like a bot

I can now see why you have a difficulty accepting Bitcoin, because old farts that lived in the past, cannot comprehend what disruptive technologies like Bitcoin can bring to the world. Lotus 1-2-3 was a spreadsheet (it's strongest application in the suit) that ran on DOS and if you think back then, you would realize that it was actually one of the programs that spearheaded the great spreadsheets that we have out there at the moment.

So, let's see what happened... between 1980 and 1990 .. Lotus 1-2-3 was the go to software for most people who worked with spreadsheets and charts etc... but then came Windows with it's GUI and Lotus 1-2-3 had to adapt, but they did not.... IBM bought them and they went on offering different versions to about 2013. (  Not a bad history, in a IT era where Software and Apps last about 1 to 5 years, if they are relatively successful )

Now, take Bitcoin and see where they changed and adapted to the changing environment... SegWit / Sidechains / Lightning Network ... So, Bitcoin is not waiting for it's competition in Altcoins to disrupt or replace them, it is evolving.  ;)

Also, I never said USDT is Fiat... I am using Fiat as a Comparison ... because if you do not support Crypto, then Fiat currencies are your only option.

Bitcoin do not need a cult to support it, the technology can stand on it's own... What it needs is people like myself .. to destroy the FUD and misinformation that are directed at it to sabotage it, by people like yourself.  ;)  - The wrong thing to do about any given circumstance or situation is to do nothing. - Hubbard  ;D ;D ;D

The OP only post FUD for BTC  saying is NSA (USA)  backed but keeps praise chia(china coin), probably is just a bot or a troll, just take a look of his posts.  ::) ::) ::)

"Only gold is money, all else is credit" JP Morgan

Bitcoin is a a magic number, like in the book movie "The little prince" there's an accountant that put a number on every star to prove ownership, and sells the stars. This is essentially bitcoin, a modern day 'tulip-mania', neither gold nor credit, just bullshit.

Your comparisons fail because FIAT is backed by GOV MURDER USD is Murder, Inc.

BTC is backed by bullshit.

L Ron Hubbard would embrace bitcoin, and all its cultists as his own people.

I said USDT, I suggest you go back & read, before you shit-post. I said BTC is backed by USDT ( shit-coin ), I said BTC is backed by nothing, which means it can evaporate to zero overnight.

I support Crypto, I just don't support the bitcoin narrative;  I don't support the Bitcoin bullshitters and con-artists and pumper&dumpers. I do support the pre-2014 Bitcoin crew.

I support privacy coins, and btc isn't private.

Today there are +10K shit-coins, and 100's of them are better than 2009 bitcoin shit-ware that came out of NSA. SHA256 & SECP256k1 the basis of the entire bitcoin infrastructure are both NSA creations.

A bot created just to shit-post. Do you realize that nobody so far has even attempted to answer the question?

Why Should this Pyramid-Ponzi Not end Like all Others??

Lastly,CHIA is a scam-coin, I'm actually very gentle to BITCOIN, and far tougher on the CHIA-NET scam team.

So not only are you one-time creation bot, but you failed to even read what I have posted about chia, at the very least a clever-bot would have recognized positive or negative sentiment, which means that if your human, your just retarded. If your a bot, you your programmer is retarded.

Are you talking about yourself? No, you do not need to answer the question, as it is a rhetorical question.


That's just because Bitcoin has nothing to do with those bubbles. If you can't see the technological revolution it represents, I don't need to waste a lot of time explaining it to you.

You're right, it shouldn't not end like all others.

Like all others, only greedy individuals and referrers are promoting Bitcoin, not companies, and institutions, and banks. And everyone is asking everyone to buy, and there is no other use for it, nobody is using it as it was supposed to be (a secure means of payment) and like all other ponzis, governments are cracking down and arresting the evil Bitcoin ponzimasters.

Can't wait for the end.

What is your underlying saying that bitcoin is a ponzi scheme? if the ups and downs of bitcoin are said to be ponzi then that seems wrong, because the underlying of it all is demand and also stock yagn there with bitcoin. Ponzi that we usually know is based on investments that get a high profit, without anything like the business ecosystem, technology, and others. Cryptocurrency contains all that.

Well, actually, "VisiCalc (for "visible calculator") was the first spreadsheet computer program for personal computers..."
(source https://en.wikipedia.org/wiki/VisiCalc)

You keep getting things wrong, I wonder what else you miss... :D

If you're happy to discredit yourself by spouting nonsense that only uninformed amateurs and trolls would say, that's fine by us.  Every single post you've made about this is already on the wrong side of history.  You can't simply create something "better" from out of nowhere like that.  It takes time for things to grow and evolve.  This network has become battle-hardened and continues to survive and thrive despite being under constant attack.  It's not something you can just copy and magically achieve the same result.

Almost all of these fifteen-minutes-of-fame crapcoins you're talking about won't last long enough to develop network effects.  They have no utility.  You can't use them for anything, besides baseless speculation.  And mindless speculation is the only thing you seem to be commenting on here.  Perhaps it's merely the only part about all this that's on your intellectual level.



Then you must be a really slow learner, because you clearly can't recognise when something isn't a bubble.  Again, this is a robust, developed, thriving economy.  It's something that grew over time because people found it useful.  If the only thing you are capable of seeing is the price, it's no wonder anyone reading this will think you're ignorant or just plain dumb.



You keep using this word "better" and yet leave it undefined and open to interpretation.  It's almost as though you don't know how to justify that statement, because you suspect you would fail if you tried.  "Better" how?  What can you use these "better" coins for?  What purpose do they serve?  I'm of the view that the only legitimate altcoins are the ones that serve a niche which Bitcoin wouldn't support very well.  If it fills a gap in the market, it's a valid coin.  Beyond that, anything else is worthless.  



Maybe you don't read the news.  Pension funds lose money on all sorts of things all the time.  Just because they're gambling on something new, it doesn't mean the new thing is bad.  I fail to see how it could be any worse than the derivatives casino they're normally losing everyone's money in.  

Dude, seriously... I think you have to either go and see some Psychologist or change the drugs that you are pushing up your arm. The different identities within your mind is clashing and you are looking like a idiot.  ::)

One moment you are a "Goldbug" and the next moment you are bashing Bitcoin and then you turn around saying you only support the pre-2014 crew... and then all coins based on SHA256 is a NSA creation... bla bla bla... What is next? (Is Bitcoin not created by Aliens... or some bat shit conspiracy?)

I think the only cult here, is the cult you created for the 1000s of personalities in your brain and conspiracy theories they have.  ;D ;D ;D  (One thing you did manage, was to troll me into replying to your rubbish thread.... something I seldom do.. because I do not like to feed the trolls)  ;D ;D

When you can come back to us and get your main personality to define what you are really supporting and what you stand for, then we can have a grownup discussion.

Cabbage patch dolls were a ponzi scheme?

People have used soap since 2800 BC, so being old isn't a sign of instability.

If bitcoin is so terrible, then why are other coins copying it? What makes those coins so special to not be bubbles as well? If bitcoin can lose 50% in a few days, then which of those coins didn't lose much more?

That's okay OP, you can still always buy when the market goes down, I am pretty sure that you are just bitter that you didn't get in the market when it was still around the 4 digit mark. Let's just see who is right and wrong when the time comes, the best thing to do is to make money while it is still doing so.

Thank you for clarifying. I thought you are someone who can be reasoned with, but by this post I see you're just a conspiracy tinfoiler. This really makes everything a lot easier.

Lot's of people copied "pet rocks" & cabbage patch dolls back in the day.

Sound's like somebody here needs to wayback machine to 'cabbage patch dolls' once upon a time they were bigger than bitcoin, people would buy them fill their garages, they cost $1, and you could sell them for $100, and everybody thought they would go to $1k, I still know people whose garages are filled

Then there was the 'pet rock' it  too sold for very little, but went to the moon.

Nobody here, has yet given one single reasoning why BITCOIN will not implode once the 'greatest fool' has bought in. Which is why as you can see today, only morons are influencing morons, all the 'smart people' have left the building.

Exceptional ponzi my arse, this is a run-of-mill, suckers ponzi, just like PT Barnum talked of how stupid the USA public is/was

You didn't prove that cabbage patch dolls, their look alikes, or pet coins are ponzi schemes.

The Cabbage Patch craze lasted ~2 years, not 12, and they never reached a trillion dollar valuation like the bitcoin market with no signs of slowing down.

Perhaps bitcoin will implode when the "greatest fool" has bought in. Markets run on fools, so it might actually last forever based on that theory.

When should we expect your prediction of implosion to come true?

If you replaced the word "Bitcoin" with "Bitconnect" from your original post. Then this would make sense. Bitconnect was the first major ponzi scheme in the crypto space.

The only way Bitcoin becomes a ponzi is:
if Satoshi Nakamoto owns 51% of Bitcoin, he doesn't.
If 51% of the world's Bitcoin miners were controlled by one person or group, it hasn't.
If quantum computers attacked the network, no such computers until past estimated 2030.
If all of the world's governments banned cryptocurrency, it hasn't.
If we ran out of electricity, not in our lifetime.

SatoashiNAkamoto is NSA, believe me, they own btc

90% of btc is mined in CHINA, by the same ant-pool, running the same ant-miners, on the same ant-bitmain hw, but keep it up the 51% BS

QC don't exist

They don't ban, they just send the value to zero, and people flee btc

If the SHTF, there would be no power for anything, including your mobile to call your BF.

Mostly people see that alts is better than bitcoin because sometimes there are some projects that really performing in the market and can actually gives good returns in just a short period of time ^{but not all} always remember that mate..

This the common problem actually and  they don't see the difference and what opportunities that bitcoin have and how very skeptical it's when it comes making investment in alternative coins. For short they're blinded because of greediness.

Yes of course there are some alts that really make good profits than bitcoin.. But the question is how long it will last? Wherein despite you don't even know how genuine and strong its if we will make a comparison between bitcoin and alternative coins. for me its literally a gamble mate in my personal opinion..

Bitcoin has been around for over ten years and institutions are now starting to believe in it and they have also started to invest their money in it. We have seen a few of them investing their money in it and this is just the beginning of it. As time goes on we are going to see more and more of them that are going to start investing their money and the market will keep on growing. So I don't think what you have said here is going to be the fate of bitcoin.

Of course we do know that there are shit coins being developed almost every day, but that doesn't have anything to do with bitcoin, and it is even the more reason why a lot of people are going to be choosing bitcoin since it is one of the best cryptocurrencies that can be reliable. That's why it has the largest market cap and doesn't seem to be going down.

South-Sea bubble and Mississippi bubble also around +10 years, and then they weren't

Institutions have just took a -50% loss on BTC, and the quarter ain't over the suicides haven't begun, just wait.

Lastly the SSB, and MB, all resulted in 1,000's of promoters being murdered, and hung for promoting the bubbles.

No its like this BITCON at $38k  aint' gong to go 10x, or even 2x, but DOGE or SHIBA can easily 2x from 0.38; so the pools go for the penny stocks, while certainly in the scam land of BTC cultists, bitcoin is the BRK.A ( berkshire $3,000 stock )

U don't see the robinhood boyz play BRK.A, you see them play the small-caps where they can manipulate the price

Please don't mix the word investment & bitcoin, btc is gambling, during the COVID bull-run int-rates near zero lots of people moved into btc because it only went up, now it only goes down, so game is over until the next 4 year cycle bubble, if the shit-coin lasts that long ( I think not )

That's great! I'm glad you explained that to us.

Now, it's time to sell all your stakes (if you had any at all) and get the fuck out of here.  What is it you're looking for in the bitcointalk community, anyway?

Wow tell us what U really think. R U a bot? Or is your programmer just lacking in computational ability?

What if I am a bot? Are you xenophobic toward bots?
Please leave my programmer out of this. I did not disrespect your creator.