Again, the lending wasn't a Ponzi
It was a ponzi. They advertised unrealistic return rates and last bagholders didn't get their money back. Your mental gymnastics can't change that fact. Again another nutty one. So if you're holding bitcoin and all the whales dump it doesn't it make it the same thing? There is nothing that's going to keep the price of bitcoin up if everyone sells it at the same time. Bitconnect didn't dump any coins! I showed that on the coinmarketcap graph. Very small volumes on the exchanges around the time of the dump. They probably did the opposite and bought it back cheap. How could they have been dumping a coin that has 100% yearly inflation and rises from 16 cents (I think the lowest) to close to $500 in a year and is freely traded on lots of exchanges?? You obviously don't understand that the lending system made them less likely to dump any coins (as it would stop the lending being profitable for them - to say the lending was a Ponzi when it was profitable is ludicrous) but nevermind. Bitcoin is obviously more of a Ponzi. Im quotting this for references, bookmarked this and archived it as well. It will be nice to show this back to you once the whole empire ended and check what your reaction will be You obviously don't understand that the lending system made them less likely to dump any coins (as it would stop the lending being profitable for them - to say the lending was a Ponzi when it was profitable is ludicrous) but nevermind. Bitcoin is obviously more of a Ponzi. If Unrealistic return rates isnt considered as ponzi to you then what would it be? a gift? You are probably still young but I can ensure you that suchmoon and I has been here quite some time and has seen alot of these kinds of things dissapearing |
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Its good to know when to move on. This coin is dead but some people don't know it yet. Most people know it already, they just choose not to believe it Plus Bitconnect convinced some people it was worth $150 if they used it on their ICO. They will keep draining some people with false promises. I have seen this alot. Kinda similar to how Josh Garza of GAW keep making similar false promises when his empire was crumbling. Some people believe on it then when everything started falling apart, then it is too late for those kind of people to get out I hope to hell that ICO gets shut down. Only an idiot would invest in that.
Only a complete fool would do this |
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I never bought any Bitcoin Cash and will never do! Even if it will overprice Bitcoin!
You dont need to because it wont be happening As for me ВСH is one of the most unpredictable coins. But I'm willing to take risks and keep this coin in my portfolio. I guess the developers will make several attempts to prove to the community that their coin is better than BTС in this year. And in these moments the price of BCH will grow drammaticaly for sure.
1. Every developers wants the best for their coin 2. Roger Ver is the guy behind this coin 3. There are tons of other reason that BCH's exchange rate could be higher but sadly, it is nothing more than a centralized coin ( Atleast this is what my perspective is ). It will never be better than bitcoin |
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Those scumbags will likely do jail time. We can hope. This whole thing was bad for all crypto.
There has been many cases like this before. Few years ago, this kind of thing was branded as 'cloudmining'. Most of the people that run this kind of site back then stole alot as well and most ( probably none ) didnt go to jail IIRC there is always hope, just no guarantees. If you just HODL and stake your BCC coins
You are probably the dumbest people that write this kind of thing. Either if you want to admit it or not, this empire has reached its ending Must be nice to know what the future holds. Wish I could be so sure of things, but I admit I don't know what will happen, but hope never hurts. Sure, there is also false hope, but it's better than nothing at all. However, I also like it when people insult, it shows their character or lack of it. I dont insult anyone if I state an obvious fact. I assume that you are new in crypto scene because I can tell you with certainty that this kind of case is not new. It has been repeated over and over again You want to know what happen in the end? There is no happy ending for this kind of thing. Once it is crumbling, thats a solid sign for you to get out of it |
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Those scumbags will likely do jail time. We can hope. This whole thing was bad for all crypto.
There has been many cases like this before. Few years ago, this kind of thing was branded as 'cloudmining'. Most of the people that run this kind of site back then stole alot as well and most ( probably none ) didnt go to jail IIRC there is always hope, just no guarantees. If you just HODL and stake your BCC coins
You are probably the dumbest people that write this kind of thing. Either if you want to admit it or not, this empire has reached its ending |
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Bitcoin gambling market is not that huge anymore so there is no point to put altcoin betting in bustadice as it is just a waste of resources but I dont know as Im not the owner of the site. Just stating facts
Bitcoin prices, its high transaction fees and slow transaction confirmations are the main reason for gamblers to avoid using bitcoins. So if gambling site offers other alternative coins which have a faster confirmation and low transaction fee then they can attract a lot of small gamblers to the site. For quite some time I already stopped using bitcoin for playing dice game. Not literally true about this . If the bitcoin gambling market is smaller now, that means altcoin gambling market is pretty much the same I'll use comparison from this https://dicesites.com/If you see the weekly wagered top 10, it shows that top 3 is dominated with bitcoin gambling instead of alts. JD is in fourth spot with its altcoin gambling ( clam ). The other altcoin option has pretty much small volume as well so it is still not worth it
This is my personal opinion though and has nothing to do with bustadice  |
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People were crazy to sell their houses when BCC didn't crash. But anyone selling their houses now to get into BCC, LOL! I don't know what to say about them  A fool will always be a fool. Some people wont ever get this over with. If you are smart then you will learn from advice but if you are a fool then you will learn from your own experiences Most people wont stop though, they will just look for another kind of this 'thing' ( read : scam )
Pretty new investor here. Is this going back to $0 or is there a chance it will climb back up to the higher levels again?
A quick and simple advice for you. Leave this thing , at this point there is nothing to hope for |
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For me bitcoin is better and profitable than gold, as we know that a few days ago bitcoin prices drop from $ 16200 to $ 8800 or more than 47% but within 3 days or now the price has reached $ 13,200, this is proof that bitcoin investment is very promising.
You are definitely another delusional guy . How could something that dropped around 50 % consider as a promising thing. This market is a fast growing market and it is not something for an average joe. For now, this is not better than gold . In fact , it is so much worse however one thing is certain that once thing finally stable enough then this has the best potential to replace gold ( however it has no underlying asset though ) |
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Yes off course bitcoin has defeated gold up to some extent because the demand of bitcoin is increasing day by day in the whole world You are being delusional at this point. Demand is when there is a usage for it however in this case , we almost dont see any usage of it yet. Some major usage in this case and the demand for gold is still higher Most people buy bitcoin nowadays not because they want it but they literally only want to get profit from it. Most people that purchase bitcoin nowadays dont even know how this thing works . Thats a sad fact |
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Cash is used to transact and buy things. Sometime, I also use Bitcoin to pay online.
It depends on where you live. Most county doesnt allow bitcoin as a currency for transaction however it could be treated as an asset. Using bitcoin to pay for something is pretty much a dumb idea right now because the exchange rate is quite volatile To use a 'currency' as a way of paying things, you need a very stable exchange rate that wont change for a long period of time. To be honest It is always much better to pay with FIAT of those respective countries |
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Now the price Bitcoin is falling and this makes me very sad. My profit decreases every day and Bitcoin becomes a problem investment.
You should know that every investment is risky to begin with. There is no telling how things will turn in the future. With every risk there is a reward though Yes bitcoin is a good way to invest our money -snipped- you can be rich someday.
Investment is about getting more money from your initial investment. You can be either rich someday or ended up losing everything Buying and holding for a long time will give very good profits.
Only if the exchange rate increase more than what you have bought, otherwise it is not. It is a good way of keeping your money safe but it is actually a pretty bad investment because of its volatility |
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Sometimes you can see the benefits of saving when you see the value of it goes higher and higher. Totally wrong, the value of a thing is not the same with its exchange rate. You are definitely talking about exchange rate not the value. The value of bitcoin stays the same for now unless there is a major demands in the future We should now when we will be saving our bitcoin. Benefits can be seen after a long long long time.
You dont even know the difference between benefit and exchange rate. To be honest, you should be better to stay off from a topic that you dont understand instead of posting nonsense |
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At the very present moment, if there can be something which can make you earn more money in less period of time, then that is none other than that of investing your money into bitcoin. This kind of statement is pretty misleading. I can say with certainty that most people only happen to know crypto because of its high exchange rate. It is not something that could make you money in short period time, that is totally misleading If you want to buy bitcoin right now, you will be very lucky, because at the beginning of this year bitcoin value is low, so you can do as much as possible to invest in bitcoin, because the end of 2018 tends to be higher, so you will get better profit .
This is so wrong, there is no guarantee no certainty about this. The exchange rate may not be following the usual pattern but there is always a chance that it could be much lower than the current rate |
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Bitcoin a hundred percent because you can make so much money by just having bitcoin and holding it. But with gold you can't do anything. Maybe you find it cool to have it but that is about it the value of it will not increase as much as bitcoin will.
You seems pretty young from your statement I could tell that you have no experiences regarding this. Actually bitcoin is the new gold, that is why the exchange rate keep getting higher ( correction is pretty much expected at this point ) As for gold, it is quite stable and it has underlying asset unlike bitcoin that came out of thin air. Which is why if you put in your money now, you wont really get anything at all but it is good to avoid inflation |
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no one can tell whether you buy now or not. only thing you need to look is the price of bitcoins last 2 years ago. from 600$ per 1 bitcoins on 2016 up to 20k$ on november 2017. and now down again to 11k$. for me this is the best time to buy. but it is your choice and youre the only to decide it's up to you...
It is always the same thing every year especially in quarter 1 of each year. Probably something to do with the chinese new year but that alone is not enough to drive the exchange rate down atleast 50 % from the ATH this year The decision is not wether to buy bitcoin or not but at this rate, it will be either if you keep holding or not because Im pretty sure there are alot of people that is holding and have bought bitcoin already |
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I am also looking for the possibilities of having other coins accepted and can be deposited in bustadice so that people can have more capital to use and play for also I hope bustadice can have a table of their current equivalent of bits.
Too many hassle to implement that however Im not sure If Daniel might already have a plan for this in the future. Meanwhile if you have no bitcoin to play you can always use shapeshift to convert your alts or use exchanger Bitcoin gambling market is not that huge anymore so there is no point to put altcoin betting in bustadice as it is just a waste of resources but I dont know as Im not the owner of the site. Just stating facts |
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Well, I don't actually think the price of bitcoin can really matter because people can still buy fractions of bitcoin Actually it does ( atleast in some occasion ). Did you realized how many media finally put some coverage on bitcoin because of the exchange rate? When bitcoin worth less than $1000 , no one cares but when it shoot up to over 1000 % then everyone wants to know about it The media only feed on those that could gather attention from people otherwise it wont. So to some degree you could say that the exchange rate actually matters . I could say with certainty it wont really change anything at all even with alot of media covering it because most media dont even know what bitcoin is |
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l unlike in investing even it is a risky thing but it will really give profit.
Totally wrong on this, investment dont give you profit all the time. There are some cases of bad investment however it depends on how soon you are getting out of your investment If you buy bitcoin at $15,000 and the exchange rate spiked to $18,000 in a months, that is considered a good short term investment . However unless you cashed it out, you are not getting anything out of it If by some small chances it drop to $5000, that is considered as bad investment Point is, there is no such thing as 100 % guarantee of getting profit from investment |
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I think the future of bitcoin is to become the future bank You totally dont get the idea of bitcoin do you? Bitcoin was made so that bank could no longer 'pretend' to keep your money safe while using it behind your back for their own interest storing their bitcoin on bitcoin wallets Thats the beauty of bitcoin, you could keep your bitcoin safe and only you ( or anyone ) with your private key could have access to those coin otherwise it wont be moving also, instead of using bank to send money, people are using bitcoin wallet to bitcoin wallet transaction now to send money or bitcoin.
Some people are while some dont, actually bitcoin is not really 'friendly' anymore for small size transaction as it cost alot just to send few amount. Using bank transfer should save up more fees for smaller transaction |
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many who need money in this world, even some people spend his money 30% just to eat and day to day. I admire people like this, maybe I or you can learn something from them and apply their habits into our daily lives.
Applying someone's habit as your way of living is not going to mean you will succeed like him. Most of the people in the past save their money in form of gold but nowadays that kind of thing is just so feasible Why would you save your money in form of gold when you know the exchange rate of gold will most likely going on sideways for years? Or even declining nowadays due to bitcoin being the new 'gold' |
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