You're right, I just tried to verify it again using Electrum and it did verify this time, I guess a space slipped in before or something.


I'm just doing some research to see if it's true that I have to come back here next year to apologize to you.


By the way, no matter how much you say, you don't control feelings very well.

I have indeed seen it. See the bolded part:


What I see is that he probably got confused of account when he sent you the private message and instead of sending it to you from Sakanwa's, by mistake he sent it to you from Obari's account.


That's all well and good, but what do you have to say about you managing both the Obari and Sakanwa accounts?

I have tried to verify this message and have not been able to. Apart from the fact that you are not using the address from which you sent him the loan funds, which was the following:

bc1qey20t2zdpgf90rqp80zg09reuxrwuq0ca8z60w

It took me several times reading the posts to understand. The truth is that I don't feel sorry for CYBER_COWBOY, now Cantlogin or any of his alts, nor for the accounts that borrowed from him and have now defaulted.

Summary for those who want to understand without diving through the posts:

Sakanwa borrowed 0.00203BTC from CYBER_COWBOY, for which he had to pay back 0.00224BTC. He has defaulted on that loan, now excusing himself that CYBER_COWBOY has lost access to his original account or is hacked, and asks for an extension for one more month. The lender disagrees and sashan further tells him that he should repay the loan to the same address that sent him the funds originally.

Sashan says that Obari is an alt of Sakanwa, and it seems so from the way he talks in the PM he sent him, but to top it off I just saw that Obari has asked sashan for a loan right now LOL.

I agree on the part that goes to good. Tell those who give merits too blithely to come to this thread to be aware of the problem because some of them may not even be. But I don't know what strength you think DTs can have over people who don't participate in signature campaigns, are loaded with Bitcoins, and practically their participation in this forum is limited to that thread.

Oh my God, I had not seen this thead.


A seamless plan, eh? And you don't count the risk. The fact that you haven't earned a single merit in the time you've been on the forum makes me think that your plans are not very reliable.

I've been on forums for a long time and the typical thread like this always comes up of someone saying they're going to take a loan to invest in X. They always end badly. Either they buy before a market downturn and are left paying the loan and unable to sell, or even if the plan starts out halfway well they even leverage more or do something stupid that leads to bankruptcy. The most common is that they do not even come back to the forum, the typical case of someone who takes a loan to buy bitcoin when it was at $60K, and when the downturn comes and falls to almost $15K does not reappear on the forum. He probably sold at a loss out of panic and stayed paying the loan.

It is better not to have debts of any kind but if you get into debt to invest it has to be very well calculated with a good debt to equity ratio and making sure you have enough cash flow to meet payments. Do not have a fantastic plan like the one in the OP that will make you go from poor to rich almost magically.

Seeing the title, I was expecting something more solid, and not the garbage the OP has written, but seeing that he has been tagged as idiot, liar and scammer now I understand it better. Don't be surprised if after this crap analysis he tries to sell you some infallible trading system with which to make a lot of money.

It's been a while since I've been on the WO thread but I remember this being a problem for some time, I guess it's been exacerbated now. I remember naim027 and several of his alts getting merit there. And then other Bangladeshi accounts that were discussed a month or two ago on Reputation had also received merit there.

As soon as you visit the thread you know that saying bullish statements about the price, especially if we are in bull market, or saying you have bought a certain amount of Bitcoin is quite likely to get you merit there.

I think theymos thinks very hard before setting changes, but I hope he takes this into consideration, although I would like to know what the regulars there think, if they share the opinion or not. Maybe it's making the righteous pay for the sinners and they take away some of the fun they have there.


My guess is that they don't give it much thought. Many of them have accumulated a lot of Bitcoin for a long time, notice that few of them participate in signature campaigns and 90% or more of what they write is in the WO thread, so I don't think they give it more importance than clicking for a like on Instagram or Facebook.

Well but as the same news item you link says:


In other words, we must doubt that it is a new shark accumulating if we do not have more data. Why it is accumulating so much Bitcoin in an address would have to be seen, but the most normal thing is that it is an entity and not an individual.

From what sashan says, I see that he does it partly out of altruism, but many times to get out of the hole as you say is as easy as tightening the belt for a while, which will be more or less long depending on the size of the hole. But the thing is that when I see people asking for a small loan, and after paying it back they ask for another one, and another one, I tend to think that things are going to end badly. It is not necessarily so in 100% of the cases but it indicates a bad management of own resources and not knowing or ignoring basic rules of personal finance.

Currency devaluation is a complex issue that should not be considered in isolation from other factors, as pooya87 has explained very well.

Apart from what he has said I wanted to add that inflation is a double-edged sword that many politicians play with because they are addicted to spending in a way that gives an initial stimulus to the economy but in the long run is counterproductive. In general, politicians do not stop increasing public spending, and if they do it for example by giving subsidies for the most disadvantaged or certain sectors to develop, at first those subsidies stimulate those sectors or the economy around those classes disadvantaged by the initial spending. Now, since this is not done with money that they have but that they create out of nothing, what happens is that if a politician distributes $500 a month payments for the underprivileged, after not long those $500 have the purchasing power that $400 had shortly before they started distributing the payments. What does the politician do? Raise the amount of what he gives, and maybe he raises it to $550 or $600, but in terms of purchasing power it ends up being worth less than the $400 it was before. This has been typical in South American economies and other countries, where in the end the bill has many zeros but in reality it has less purchasing power than a $1 bill.

This is explained in a general way, because for example the USA also prints money for a lot of incentives, subsidies and payments, but its economy allows it to back it up in a certain way, with a devaluation that compared to that of countries like Venezuela or Argentina is nothing.

I think you make it too complicated. Taking out volatility, i.e. for example years when inflation is 5% and the price of bitcoin drops by 50%, if we look at the long term, as long as you hold your bitcoin for at least one cycle, you will be beating inflation. Whether you make profits by spending your bitcoin or exchanging it for fiat or not, it doesn't matter. If you still hold it without selling or spending it, you have an asset whose purchasing power has more than beaten inflation for the period you have held it.

I don't quite understand it either, by defaulting on the loan they lose the opportunity to make money on that bitcointalk account, which is pretty stupid financially speaking.

Causes for them to do this I can think of is that they have other accounts on the forum that they are monetizing, but I think this is less likely, or that they are degenerate gamblers, or that they use drugs or something.

That in case they are participating in signature campaigns, although I think that in this case he was not participating, and it is not 100% clear to me why sashan gave him the loan, I guess because Devawnm367 had a previous history of having returned loans.

As I can see, he never replied when you asked him for sources. Obviously, because you can't give sources for garbage.

What I do is a variant of DCA in which I make partial sales in bull markets.

The pure DCA strategy consists of buying exactly the same amount per week or per month for a period of time. Let's say you set out to buy $100 a month in Bitcoin for 10 years. It can also be indefinite, like the one that makes DCA for retirement and eventually leave it to your heirs.

But the thing is that with the modified DCA strategy I take advantage of low points in the market to buy a little more, as I did at the levels below $20K that we had recently and for the next cycle I plan to make partial sales above $100K, but always making sure that I keep a good amount of Bitcoin for the future.

If you want a more detailed and sophisticated explanation, ask JayJuanGee, who has very long explanations on the subject.

Yes, lol:



I've had a quick look at his posts, and it doesn't seem to be a constant thing these types of posts (ask something basic that is in the OP, and it is clear that he is not interested because he does not use it), but the fact that he has only earned 72 merits since the merit system was introduced indicates that he doesn't put much effort into what he writes.

That's all well and good, but do you have any experience in the crypto world? It seems to me that you have a lot of competition around here, and not mentioning anything about Bitcoin and cryptocurrencies seems like a disadvantage.

On the other hand, I would say that here in the forum you pay more for projects than a monthly flat fee, which is what you are proposing.

But, hey, good luck with your pitch.

News like that does not surprise me. The really rich take advantage of times like this to buy cheap. Next cycle, when we pass $100K and people are making wild predictions, saying we'll soon hit $200K and $300K in the same cycle, that's when they'll start selling.

The bad thing about this cycle is that it has been a bit disappointing in terms of returns, and one is already looking forward to the joys to come. But we will have to wait.

I am going to speak from my experience and I believe that there is more similarity between certain types of "gambling" such as sports betting and poker and trading than between the classic casino gambling, in which there is a mathematical certainty of losing money in the long term.

In trading, as in sports betting and poker, you can lose money but with study, patience and effort you can make money in the long run.

I would say that to the extent that someone gets into trading following the fashion of the moment, with little knowledge and using a lot of leverage is gambling, but if you take your time to study, test and manage a bankroll, or as they say in the field of trading, is doing something more like what the winning players of poker and sports betting do.

In fact, a while back when the poker tables started getting tougher I saw people say on poker forums that they were starting to try trading, but I don't know how they got on.

I don't know what work you expect to be done when the very majority opinion of DTs is that only when you have hard evidence beyond reasonable doubt is when you should red paint a profile. The scam is only red painted a posteriori, when it is already evident that it has occurred. If you add to that the fact that the scammer spends his money in promoting his project here, nobody will bite the hand that feeds him.

There is not going to be anything that can be done from the forum beforehand to prevent if someone plans to scam with a bit of brains. It is only to be verified a posteriori, when it has already taken place.

I also don't think it would achieve much if people would agree to act more preventively with the trust system, especially if the scammer invests money promoting the project on the forum and also with a bit of brains.