It is funny watching how after each bullish post, the bear trolls post in a matter of seconds maid up shit posts. Epecially Terra and her multiple newbie accounts praising her own wisdom  Sure, Wall Street buying thousands of Bitcoins is a bear news, why not, if you say so. Is there anyone who can't tell the difference between shorting fiat settled futures and actually buying enourmous amounts of bitcoins, say for a pension fond? Only noobs can fall for that nonsense. Can’t be the original TERA, I think some people held a certain level of respect for that poster. The new/replacement one just spews out bearish/troll post after bearish/troll post predicting constant doom & the next crash. I don’t know what the motives are but it’s embarrassing. TERA2 is a fraud. |
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Any wall street involvement with public cryptos is a ploy to get inside and take them down, like with the futures.
I'll second that. They will be aiming for control in the same way as gold and silver markets are controlled. Note, however, that "take them down" and "control" are two completely different objectives. Control can just as easily mean to "take them up", as in to the moon.  So you are suggesting we pass the buck to another poor fool while we cash out at the top? That's immoral.  As immoral as trading freshly harvested baby brains.  |
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Another big fallacy/delusion in the crypto community is the following (flawed) theory:
1. Bitcoin is a Veblen good due to its strong fundamentals as digital gold 2.0 and as secure value transfer medium. As it's price value increases, more people want it because it's viewed as becoming more valuable. (True)
2. All altcoins' price are somewhat tied to the price of Bitcoin (somewhat true, basically just a trading bot peg, nothing more)
-- thus --
3. All altcoins are also Veblen goods and are thus perceived more valuable as their price increases (Categorically FALSE! They aren't. 99.9999% are outright scams regardless of price, just as they were since their birth. The rest are just also-rans/ clones of Bitcoin.)
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Back in the good ole days I mined Darkcoin(cool name back then)
Then it pumped to like $8 a coin and I dumped my stash, right before
it tanked back to $4 and I was like “ha ha, thanx suckers and I ain’t
buying back into this scammy-ass premine Dash nonsense!
Look how that worked out....
Just because something pumps to new highs somehow makes it NOT scammy is the biggest delusion in crypto. Ripple, anyone? Bitconnect, anyone? Nxt, anyone? Dogecoin, anyone? I could go on... Actually anything that didn't have the 'immaculate conception' of Bitcoin is suspect in my book. Which is to say all of the shitcoins. |
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An old, slightly shambling, bearded American turned up and I didn't realise but another Icelandic friend with me that afternoon sussed it immediately, took me aside and whispered 'it's Bobby fucking Fisher' (of course he was pretty well-known there).
Is this the guy you saw?  |
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And yet any goods/services bought with XMR that are shipped can still be tracked to shipper or receiver. Somewhat undermining the purpose, yeah? You don't have to give your real name. And you can have it delivered to somewhere other than your home address. Or you could make a mail pool with other people. And if you really want to go all out you can use one or several remailers. And just because a package is tracked doesn't mean the one doing the tracking knows what is inside the box. But you are right, we live in an imperfect world, so we shouldn't even make any effort to improve the situation at all.Bbut... but... 98% of XMR lovers aren't even buying anything with their moneros. Just trading back and forth for more fiat dollars. So in the grand scheme does it matter? Lol Just playin' devils advocate, of course. |
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Just like antique copies of MAD magazine do not function as a store of value to humans even though they're pseudo-finite in nature just like bitcoin, bitcoin does not function as a store of value either because it's virtually the exact same dynamic as that example. Technically, it's possible you could get lucky and get away with using MAD magazines as a store of value and instrument to pass on generational wealth...over a short period of time, but in the long run, you're guaranteed to be shooting yourself in the face.
Bad example. Perhaps you meant antique copies of Superman #1 comic. EXCELLENT fkn store of value. And I can pass it along to my great-grandchildren. |
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And yet any goods/services bought with XMR that are shipped can still be tracked to shipper or receiver. Somewhat undermining the purpose, yeah? |
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Even better, you can teleport it directly into a lockbox that no one on the earth but you can open. Or split it into 1000 such lockboxes near instantly.
Don't forget that it lacks such inconvenient properties as mass and volume. Philosophically, all determination of "personal value" or "collective value" for anything is completely in the mind. Whether something valued collectively by humans is tangible or intangible, or intrinsic or not, is inconsequential. It's all based on shared belief. For example, a "college education" is something valued on the personal and on the collective level by humans. So valued that it (supposedly) costs much fiat to acquire it from a high valued institution. But it is completely intangible and all in the mind. You can't even resell it to anyone. |
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Even better, you can teleport it directly into a lockbox that no one on the earth but you can open. Or split it into 1000 such lockboxes near instantly. |
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It would've been nice to be over $10k by now.
Yeah, was kinda hoping we'd be closer to $10k by today than $9k, but that's the 'corn for ya. It sways whichever way it wants. Also, Bill Gates has revealed himself as a lazy idiot, with respect to speaking about shorting Bitcoin if he could, and creating FUD. Nice guy. Just imagine if people were capable of simply admitting that they haven't done any research about a given topic. Pretty sure we'd run out of serious problems very quickly. Don't let him fool you, Bill Gates is just playing coy. He is quite researched and well aware of what Bitcoin is. In fact Microsoft is pursuing multiple blockchain-related endeavors. And he previously admitted that Bitcoin "was unstoppable." That whole interview was staged. There's no reason to get Buffett, Munger, and Gates in the same room unless you want some establishment-ass-kissing Billionaire investors to chime in negatively on Bitcoin and create FUD. Notice that others like Richard Branson and Tim Draper were not present to chime in and challenge Munger's vitriol for Bitcoin. How convenient, right? |
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Manipulated UNLIKE any other market you mean? I don't think so.
Nope, never said that. |
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You guys need to fk off.
The Bitcoin market has been manipulated, gamed, and FUD'ed since the opening bell rang 9 years ago. It's not a myth and not a conspiracy. It's just what whales do.
And what does it matter to you to try and dispel such truth?
In the long run it won't matter, the buy-and-hold retail investors will FAR outnumber the manipulators' ability to swing the market.
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For 'scamming' (defrauding) , the mens rea (intent) of dishonesty is required.
Clearly you can't be dishonest if you don't believe you are being dishonest.
That's about the long and short of it. Bernie Madoff didn't think he was being dishonest. |
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If Tone Vays is thinking that Bitcoin will go below $6k by 2019, he's just extrapolating from past bull rallies. He's no wizard. No even close. |
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If i were to make a bet, how much would you want to bet and where would we do it?
This should be a pool question. But I personally don't bet. I just crunch numbers and make boring 1:1 trades.  Sorry this is for Torque You can't even post a bottom price call here, for fear of looking bad. So why would anyone want to bet with you? Just call a bottom price FCS. |
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Decentralization is one of the most, or the most, important foundational principles of Bitcoin
Bingo. Lose that, and really you lose Bitcoin's reason to exist in the first place. A centralized Bitcoin will never be any better than PayPal wrt buying stuff. And a completely centralized digital Gold 2.0 is pretty meaningless as well. |
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