Anyway, thank you for all the links to your posts, I think I will read them. You are an interesting person.
Honestly, bitcoin is an extremely complex Rube Goldberg machine that takes either a lot of brain power or just a lot of time and effort to evaluate, which I feel 99% of people in the bitcoin space have not done. Most of the people in this thread don't know anything about subjects like entropy and how it relates to decentralization, so they'll never be able to evaluate bitcoin objectively. This means the most important and relevant thing I've ever said about bitcoin is probably this post where I describe how bitcoin inevitably turns into the equivalent of a closed entropy proof of stake system even while claiming to be open entropy proof of work: http://steemit.com/steemit/@r0achtheunsavory/the-r0ach-report-14-defining-if-cryptocurrency-has-a-value-or-zero-value-from-a-fundamental-scientific-perspective |
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Help get me out now...
Your first error as a bitcoin shill was admitting that bitcoin is in an engineered bubble and that gold and silver are in a negative, engineered, inverse bubble making them far better buys: For this to ‘end’ it requires central banks worldwide to address their issues.
They’ve avoided doing so until now via suppression of gold etc but the day of reckoning may have come.
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I've already addressed every single one of these topics numerous times. You may have missed my other post (or maybe you ignored it, I dunno) so here:
1. You say that Andreas Antonopoulos is wrong. Of course he's wrong. He's a freaking used car salesmen pumper motivational speaker. Most of the bitcoin devs disagree with him on numerous issues as well. Why do people pretend he's the fucking gospel truth of bitcoin? He's a PUMPER, that's ALL. How often do you hear him say something like "well yea, this bitcoin thing might die or fail somehow"? Pretty much never even though every bitcoin dev has said words like that before. That's how you can tell he's a just a pumper or conman. People claim Max Keiser is a pumper, but Antonopolous shills about 4000x harder on any issue than him. 2. Bitcoin is not a store of value. Of course it's not a store of value, or at the very least a far worse store of value than the numerous alternatives that already exist: http://steemit.com/money/@r0achtheunsavory/the-r0ach-report-23-the-achilles-heel-of-cryptocurrency-economic-fundamentals-seigniorage-feehttps://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-13-why-the-economics-of-bitcoin-don-t-actually-work-what-satoshi-really-meant-when-he-said-the-price-would3. Bitcoin is not a unit of account. As I already explained, bitcoin is probably the unit of account of regulatory arbitrage currently, but the state will inevitably crush that role since govt is a monopoly on force and doesn't like people ignoring it's edicts. The fact that it's not fungible makes it insanely easy for them to do so as well. You are essentially signing up to create a paper trail for the state to crush you with. 4. Bitcoin is not a medium of exchange. I don't recall ever stating it's not a medium of exchange. ANYTHING can be a medium of exchange. You can literally use dogshit as a medium of exchange 5. Bitcoin is not decentralized. (thousands of full nodes, thousands of miners, dozens of pools, bunch of devs who all joined voluntarily.) Correct, I explained how things such as entropy relate to the fundamentals and decentralization of bitcoin and anyone can see it evolves into the equivalent of a valueless, closed entropy system after reading this: http://steemit.com/steemit/@r0achtheunsavory/the-r0ach-report-14-defining-if-cryptocurrency-has-a-value-or-zero-value-from-a-fundamental-scientific-perspectivehttp://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-24-bitcoin-has-involuntarily-turned-many-programmers-into-conmen6. Bitcoin is a scam. And a lie. Correct, it's mostly a rent seeking usury scheme in practice and I explained why here: https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-18-the-great-pow-lie7. Bitcoin is worthless. Correct, reference section #2, #5, and #6 |
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If you want to talk to a bear go to talk to roach
I'm not a "bear", just tired of the vast amount of lies in bitcoin like people claiming it's "decentralized" when it's not, and people claiming it has better fundamentals than metals when it doesn't. People are pushing these lies for personal gain. It's really the exact opposite of what they claim it is - the MORE centralized bitcoin is, the EASIER it is to manipulate the price higher because the incentive for the small amount of actors who control it is greater. You see the same thing in any altcoin where one guy controls the whole market, he can easily pump it. Centralization is price positive in other words, but these idiots claim the price is going up because "decentralization" LOL. There's only two types of markets, aggregate markets and fraud markets controlled by one person or a cartel. Bitcoin is obviously not an aggregate market for anyone who watches market activity, nor is it decentralized. |
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Have you ever noticed bitcoin con artists always try to portray bitcoin as gold in visualization to pretend it has value? Sorry, real gold and silver are far superior in fundamentals. All you're doing is highlighting the psychological fact that gold and silver are the Schelling point of money and base of Exter's pyramid when you try to pretend bitcoin is gold. |
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Good god, that was the most long-winded thing I've ever seen to describe the fact that only idiots buy into a parabolic, vertical cliff rise. Or to summarize his 10 pages of typing in one sentence: "meaning that the peak that price is moving into is probably also a peak of the 42-month cycle" |
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The centralization goes by the name ASIC, bitpay, coinbase, bitfinex/bitstamp, and winklevoss&futures&friends
The most it could be decentralized by is the number of chip foundries that exist in the world in the first place, and there's barely any of them so it was destined to be a corporation controlled bullshit device no matter what. (in before jbreher makes the bogus claim everyone will have their own foundry in their backyard within 2 years). The state and corporations were almost entirely combined already so how the hell was that supposed to help anything? There's also a clear Satoshi warning label on bitcoin that "it will only buy a few years", meaning he already hinted that decentralization is an UNSOLVABLE problem. |
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If you look at all naysayer or troll posts, no matter what the argument they are presenting, they all boil down to one and only thing.
To try to get you to not buy Bitcoin and hold it.
Why would they care about you so much?
LOL, because it's all fucking fun and games when bitcoin is some small cap pump and dump so it doesn't really matter what happens to it then, but when the market cap is pumped to the moon so high that the market is larger than wal mart and 10x higher than silver while having garbage fundamentals compared to metals, yet people are still trying to force this garbage onto people claiming it should be the world reserve currency, then it becomes a problem for everyone. It's not decentralized, it's not fungible, every transaction is monitored, it's not even a real commodity. Trying to force this crap onto people is like financial terrorism because it's just going to be a federated chain controlled by the govt in the end. |
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You're taking on societies entire value constructs with your argument which is ironically one of the largest utilities of bitcoin today. Borderless, trustless, deflationary, voluntary participation, secure, indiscriminate, and unrevocable. All the things central banking can't be. It offers peaceful participation of choice in the monetary revolution we're seeing today and that sir is a massive utility towards positive change. I participate because I believe this.
You people cannot be serious. You're reading off a fictional list of traits from pumpers like Andreas Antonopolous. It's NOT possible to create a decentralized digital currency, only ones that either start completely centralized from day one, or centralize more by the day. In other words, you're either lying to people on purpose to try and profit from pump and dumps, or you don't know enough about the subject to comment. I used to believe there may be some type of way to fix things, but no, there's not. Bitcoin doesn't even remove counter party risk. The amount of lies surrounding bitcoin is honestly astonishing. |
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Tera what do you consider to be the closest to negatively correlated with BTC?
I have been looking at ETH, XMR and BCH but all seem to have some degree of positive correlation in a crash.
bcash If you claim bitcoin is going to crash to $3k, I do not see bcash going to the moon in said event lol. |
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This is called distribution and its precisely the reason it will work.
A pump and dump is not "distribution". A bitcoin is an imaginary object that provides no real world utility. You can't eat it, you can't build something with it, you can do nothing with it but try to con someone into giving you a real world object of value for it. This is why any monetary instrument not connected to the real world as physical commodity is inherently an immoral scam whether it's US dollars or bitcoins: The real crux of the situation is that money is an imaginary or social construct humans use to try and gain leverage over one another, and so the further you abstract human trade away from barter, the bigger an immoral scam you have created. THIS is why only physical commodity currencies can be money, whether it's gold, silver, oil, wheat, or what have you. Anything that does not have some type of roots in the real world is a flat out scam because you're inherently trying to con other humans into accepting something of no value for a real world good of value.
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How is the holder of the bitcoin losing out here?
Don't get left holding the bag.  The whales with a large amount of toxic asset coins they can't sell without collapsing the entire market have to manipulate the market into a bubble in order to lure in momentum buyers, shorters, etc, to add liquidity so they can exit. The average bitcoin holder is nothing but a whale rider who is trying to profit on the back of the whale's pump and dump scam. So yea, don't get left holding the bag. |
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If what you are saying is true Roach then you may as well accept it and ride it.
I elaborated further on how this market works so you can see how big of a fraud it is. The leverage market exists as nothing more than a tool to add liquidity for the con artist whales so they can try and cash out on the general public: Shorting in craptocurrency is mostly pointless because the following. This is why all shorters in the history of bitcoin are squeezed. You have a bunch of rich con artists that were already rich before bitcoin was created who bought up 200,000 coins for next to nothing. These coins are toxic assets that they can't actually sell at market rate without crashing the market. Anyone who shorts just adds liquidity to the market and allows them to cash out by effortlessly squeezing the short using their horde of toxic asset coins as margin collateral, manipulating the shorts into margin calls with no real risk to themselves besides losing a few toxic assets that they could do nothing with anyway: |
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Roach: shouldn’t you be off 100:1 shorting on Bitmex?
Shorting in craptocurrency is mostly pointless because the following. This is why all shorters in the history of bitcoin are squeezed. You have a bunch of rich con artists that were already rich before bitcoin was created who bought up 200,000 coins for next to nothing. These coins are toxic assets that they can't actually sell at market rate without crashing the market. Anyone who shorts just adds liquidity to the market and allows them to cash out by effortlessly squeezing the short using their horde of toxic asset coins as margin collateral, manipulating the shorts into margin calls with no real risk to themselves besides losing a few toxic assets that they could do nothing with anyway: People like the Winklevoss have 200,000 coins they bought for next to nothing they can send to Coinbase and use as margin collateral to 10-50x the price overnight (the same thing that was done to create the artificially high Ethereum price on Poloniex).
Do you really think it's a good idea for people to be able to rig markets by putting up collateral that not only has no real value due to not being a real commodity, but it's a completely imaginary asset that doesn't exist in the first place? That's an even bigger scam than the fraudulent Wall Street markets that existed before it. And it's not just bitcoin, they can create an infinite amount of coins and do this over and over. How is that not a scam? lol. These markets are all just fraud bubbles.
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I need something like a stop loss based on BTC/USD prices but instead of purchasing fiat it purchases an altcoin.
1) Load up all your btc on the poloniex casino 2) Look at chart then buy or dump 3) ? ? ? ? |
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I actually with exponential theory being proposed. Could easily see moving from 30k to 60k within a matter of days.
Why not $1 trillon per coin then? It's not as if enough real world goods to be purchased by said quantity of money actually need to exist...oh wait. |
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Cuckoldcube posted some entirely wrong thesis about what the right and left is, so I had to post the real thing: http://steemit.com/life/@r0achtheunsavory/the-r0ach-report-28-the-most-politically-incorrect-thing-posted-on-steemit-before-that-s-obviously-trueAll that exists in reality is natural selection and evolution, which gives no shits about your political opinion. The goal of evolution is to cull the dysfunctional and prevent them from spreading and causing the whole system to collapse. Natural selection and evolution have given us systems like patriarchy because things like matriarchy...don't work for one reason or another. The one thing evolution does well is create lots of endless variables and throw them at a dartboard to see what works. This means lots of things that don't work will be created in the process.
Any organism that is incapable of reproducing (like lesbians or asexuals) are technically errors because they are defacto evolutionary dead ends. The evolutionary dead ends as well as functional products of natural selection are both equally selfish and form various interest groups. This is how you get the so-called "left". It's mostly a coalition of things like lesbians, feminists, neurotic jews, etc. What do all these groups have in common? They don't see themselves fitting into the mainstream evolutionary product. A world where they don't fit in is deemed useless to them, and thus they want to destroy it while attempting to spread their dysfunctional group in which they fit in, but has no evolutionary viability.
Various factions move back and forth between the so-called right and left for whatever reason, but at it's heart, the left is a dysfunctional, antithesis of human, evolutionary dead end based on inferiority complex.
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Since there was a discussion of conservative vs liberals above as well at the trotting out by others of all the usual scapegoats
Congratulations on making The r0ach report 28 by posting that false definition of what the right and left is: http://steemit.com/life/@r0achtheunsavory/the-r0ach-report-28-the-most-politically-incorrect-thing-posted-on-steemit-before-that-s-obviously-trueAll that exists in reality is natural selection and evolution, which gives no shits about your political opinion. The goal of evolution is to cull the dysfunctional and prevent them from spreading and causing the whole system to collapse. Natural selection and evolution have given us systems like patriarchy because things like matriarchy...don't work for one reason or another. The one thing evolution does well is create lots of endless variables and throw them at a dartboard to see what works. This means lots of things that don't work will be created in the process.
Any organism that is incapable of reproducing (like lesbians or asexuals) are technically errors because they are defacto evolutionary dead ends. The evolutionary dead ends as well as functional products of natural selection are both equally selfish and form various interest groups. This is how you get the so-called "left". It's mostly a coalition of things like lesbians, feminists, neurotic jews, etc. What do all these groups have in common? They don't see themselves fitting into the mainstream evolutionary product. A world where they don't fit in is deemed useless to them, and thus they want to destroy it while attempting to spread their dysfunctional group in which they fit in, but usually has either no or decreased evolutionary viability.
Various factions move back and forth between the so-called right and left for whatever reason, but at it's heart, the left is a dysfunctional, antithesis of human, evolutionary dead end based on inferiority complex. |
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You could move it to Bitmex instead and try to short the top at some gawdawful leverage. All you need to do is VPN in the site and state that you are from Canada. They will let you participate.  Yea, but if the feds ever audit or raid Bitmex, is it gonna be the Bitmex owners going to jail for breach of regulation, or you going to jail for posting fraudulent data and them classifying you as some type of criminal launderer? That's the problem. Which is why I've never tried to bypass those regulations. It's not like bitcoin is actually anonymous or something, they track all this shit. I'm sure most people doing it will not have a problem, but it's not really worth the risk/reward just to use some bucketshop exchange. |
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