No. The only thing ponzis effect are the bitcoin balances of the idiots who gamble on them. Bitcoin ponzis barely make a blip in the grand scheme of things.
Agreed, most of them are empty and those that aren't will be soon when the few idiots get ripped off a few times |
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There is a big bubble in stocks and commodities are in a huge slump, that's why Apple can pay stupid money for companies like beats, but commodities like oil and bitcoin (it isn't used enough to be a real currency) are being hit.
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If you are true believers of the Bitcoin, here is the ultimate strategy to deal with the Bears:
1. Take your coins off exchanges, store it offline. This way, bears will have no coins to borrow and to short.
2. Use your bitcoins to invest in startups and kickstarters. This way, they create real fundamental value for you.
3. Take international remittance jobs for individuals you known for a competitive friendly fee.
You can create real value out of Bitcoin, rather than being bashed on forum, being ripped off by traders and being sculped by exchanges.
And if you truly want to buy or sell, PM some big whales on the forum and do it privately over the counter.
If we all did this, exchanges will have less and less liquidity and becomes a complete casino. The price discovered by exchanges will no longer be legitimate and representative.
True price of the Bitcoin will then be determined by the cash flows you earned from it.
1 should always be done, never store in exchanges, it's just a bad idea. 2 is dangerous as hell. Look at Neo and Bee as just one example 3, hmm how do I do that then? The price is what it is, it sucks at the moment, but with such a low market cap, it should rise again soon. |
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Because it happened last time. First bitcoin went uop, with alts rising in $ value, but going down in BTC value, then Alts exploded several fold in BTC value and even more in $.
Who knows if it will happen again, but if everyone expects it to happen, it probably will.
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Better to on the right side of wall street, but I bet this is chump change to them.
When the FED starts to get involved in bitcoin, then we will be in business!
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The etf is an unknown quantity, it must have some effect when they buy in to the market, unless the Winklevoss twins are happy to sell up at this low price.
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It's a good decision for Swiss maybe, but awful for people. In my country who took loans in swiss franc used to pay $400 monthly (installment was $400 per month), now it's 800$ per monthWTF!!!  Leaving your currency risk unhedged... That is crazy. True but I bet lots of fx traders trading a few pips up and down were wiped out when they removed the peg. Its the sort of thing that would happen to me, sell the CHF just as they unpeg it! |
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The wary it has been going recently, it is just a matter of time until the next beat down. Ignoring that, the creep up looks good at the moment, but that has happened before...
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52 points when I bet less than 51 rounded off my kick in the teeth Sunday nicely.
I ended up up on the weekend, but nitrogen got back about half of what I won on Saturday, on Sunday :-(
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There are the 18 points in the last 5 minutes... bugger: -( tie game means I lose.
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Looking good again, it's been a pretty good weekend! I didn't think the Packers would win, but the run has definitely been on top. I can't see another 18 points in the last 5 minutes, unless GB are really stupid! If anyone is actually reading this instead of just looking for ponzis, what do you think for Colts@Patriots? If the Patriots can't get pressure on Andrew Luck, then this should be close. I think the Colts cover and under 51 points, but my bet is just under 51 points@2.056 |
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Don't "invest" in them and they will die out.
Its a joke at the moment, there are new ponzis every few minutes!
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When guys who were around in 2010 start to leave...
the bottom is near.
statistics say: 99% of people that open a topic saying they are going to leave come back after a short while. If he was seriously thinking about leave the forum he would open a topic selling his account for some good BTC, not a topic about how things are bad and bitcoin has no future. That's because they are attention seeking. If they wanted to stop posting, they would just stop posting! Only in very rare cases would anyone notice, and usually that is because someone who trolls constantly stops posting! |
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As it is mentioned over time, people will start to become more used to it. When only positive things are written, then those without bitcoins will be a unimpressed that those early investors have done so well. Now that the price has crashed, the sentiment can change, maybe people will get involved and the user base can increase.
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looks good, zero "players" with 33 minutes left.
I thought Ponzi had a negative meaning, now people use it as if it is a good thing!
It makes me worry about bitcoiners, gambling is one thing, but Ponzis are just stupid.
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Ok today isn't going well, on to NFL.
Seattle are 7-1 at home, Green Bay 4-4 on the road...
I think Seattle at home will run all over the Packers. The spread is pretty big at 8.5, so that is a no bet for me, but I think it'll be a low scoring game, so I'll go:
Under 44 points @2.116
I doubt I will stay up for the second game, which looks like being a great game. Though I doubt I will bet as I won't be watching it, I think the Colts will cover.
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Well this isn't going as expected, Arsenal have parked the bus! It started to look better for Man City at the end of the half though, an early goal would be nice.
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Well the "for interest" bet isn't going to come off, apparently West Ham are better than I thought they are.
Looking forward to the 4pm game though, there could be goals a plenty.
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Just for a bit of interest, I have bet the draw for low stakes in the West Ham vs Hull game.
They are both on dreadful form and don't seem to have the confidence to kick on for wins.
West Ham should win this one, but Bruce will have Hull ready to fight, and I think they will battle out a draw.
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Tomorrow I will be backing Man City to win against Arsenal @1.815
Arsenal usually get tonked by any decent team away from home nowadays, I think with Aguero back Man City will be in a goal scoring mood and should win a high scoring game.
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