lm2f (OP)
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Activity: 82
Merit: 10
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December 18, 2013, 02:53:41 AM |
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Now that China is banning bitcoin, don't expect the crash to stop. The best thing to do right now is to get out when you still can. This time around there will be no dead cat bounce, bitcoin crashed right in the centre of media attention and any faith gullible idiots still have in it will be destroyed.
It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.
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2X84
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Activity: 28
Merit: 0
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December 18, 2013, 02:57:20 AM |
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Now that China is banning bitcoin, don't expect the crash to stop. The best thing to do right now is to get out when you still can. This time around there will be no dead cat bounce, bitcoin crashed right in the centre of media attention and any faith gullible idiots still have in it will be destroyed.
It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.
, http://www.coindesk.com/zipzap-offer-cash-bitcoin-service-28000-uk-locations/. I'm about to watch a massive argument unfold, aren't I?
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lm2f (OP)
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Activity: 82
Merit: 10
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December 18, 2013, 02:58:33 AM |
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Now that China is banning bitcoin, don't expect the crash to stop. The best thing to do right now is to get out when you still can. This time around there will be no dead cat bounce, bitcoin crashed right in the centre of media attention and any faith gullible idiots still have in it will be destroyed.
It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.
, http://www.coindesk.com/zipzap-offer-cash-bitcoin-service-28000-uk-locations/. I'm about to watch a massive argument unfold, aren't I? More ways to lure in suckers? How great.
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accord01
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December 18, 2013, 02:59:07 AM |
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I wouldn't say it is a ponzi scheme, but it does seem like it. What worries me is this:
that 11,000 individuals owns more than 75% of the entire market. And 47 individuals own 28.9% of the market.
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stash
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Activity: 173
Merit: 100
btcmy.net
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December 18, 2013, 02:59:23 AM |
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Cry baby cry..
I just bought all your coins @ $658. Thx for those cheap coins, appreciate that.
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Tehtarik Fund : 1KxyB3iauJzLvDnZuchekGkB2D7p4UMvuq BTCitcoin : Mathematical Logic to Eliminate Human Greed
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gminds
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Activity: 37
Merit: 0
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December 18, 2013, 03:00:42 AM |
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Now that China is banning bitcoin, don't expect the crash to stop. The best thing to do right now is to get out when you still can. This time around there will be no dead cat bounce, bitcoin crashed right in the centre of media attention and any faith gullible idiots still have in it will be destroyed.
It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.
Send your coins before its too late to do so.
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lm2f (OP)
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Activity: 82
Merit: 10
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December 18, 2013, 03:01:47 AM |
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I wouldn't say it is a ponzi scheme, but it does seem like it. What worries me is this:
that 11,000 individuals owns more than 75% of the entire market. And 47 individuals own 28.9% of the market.
B-but muh free currency! Muh new paradigm!
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dopey
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December 18, 2013, 03:05:37 AM |
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Your the tenth BTC is dead thread today. YAWN
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accord01
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December 18, 2013, 03:08:32 AM |
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Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings...
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lm2f (OP)
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Activity: 82
Merit: 10
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December 18, 2013, 03:15:02 AM |
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Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings... This is exactly what makes bitcoin a Ponzi scheme. By buying into bitcoin and driving up the price you're just making the early adopters ricer. That's how stupid people are. A sucker is born every minute. If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a currency that doesn't even exist, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC stock and more time getting remedial education.
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kendog77
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December 18, 2013, 03:19:22 AM |
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Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings... How can you be so sure that those large holdings are held by individuals and not bitcoin related companies / co-ops?
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TiagoTiago
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December 18, 2013, 03:20:15 AM |
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It's just a small setback; long term Bitcoin is always going up.
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(I dont always get new reply notifications, pls send a pm when you think it has happened) Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!
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Indemnified
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December 18, 2013, 03:21:57 AM |
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The OP posted once in 2011, in Chinese, and then not again until 2013 with all his negative posts - and now always in English. Check out his posting history.
It appears his mission is an attempt at market manipulation through spreading negativity.FUD
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BitCoinNutJob
Legendary
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Activity: 1316
Merit: 1000
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December 18, 2013, 03:22:09 AM |
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Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings... This is exactly what makes bitcoin a Ponzi scheme. By buying into bitcoin and driving up the price you're just making the early adopters ricer. That's how stupid people are. A sucker is born every minute. If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a currency that doesn't even exist, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC stock and more time getting remedial education. why are you here exactly? nobody is forcing you into crypto & nobody is asking for your help to inform them.
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Peter R
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Activity: 1162
Merit: 1007
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December 18, 2013, 03:23:36 AM |
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Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings... This is exactly what makes bitcoin a Ponzi scheme. By buying into bitcoin and driving up the price you're just making the early adopters ricer. That's how stupid people are. A sucker is born every minute. If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a currency that doesn't even exist, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC stock and more time getting remedial education. To all the lurkers out there: The above pie-chart was created by the MSM using estimates from Risto's post here: https://bitcointalk.org/index.php?topic=316297.0. Please refer to the actual post before concluding anything about the OP. Also remember that there is no way to actually know what the bitcoin distribution by owner is. The above chart is simply an estimate that Risto made with the help of other forum members. The MSM then disseminated it as fact.
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BitCoinNutJob
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Activity: 1316
Merit: 1000
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December 18, 2013, 03:25:42 AM |
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chart doesnt matter, its like any other successful business investment ever.
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Mad Scientist
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December 18, 2013, 03:26:34 AM |
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I wouldn't say it is a ponzi scheme, but it does seem like it. What worries me is this:
that 11,000 individuals owns more than 75% of the entire market. And 47 individuals own 28.9% of the market.
And this is worse than the Bankers how exactly?
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Piper67
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December 18, 2013, 03:27:44 AM |
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OP wasn't paying attention. Bitcoin died in 2011. Wired clearly said so.
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Siegfried
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December 18, 2013, 03:32:00 AM |
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I wouldn't say it is a ponzi scheme, but it does seem like it. What worries me is this:
that 11,000 individuals owns more than 75% of the entire market. And 47 individuals own 28.9% of the market.
When those 47 and 11,000 individuals buy mansions, yachts, private jets, and companies, their bitcoins will flow into the economy and be redistributed throughout the population of people who worked to provide the value that the bitcoin owners purchased.
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Maged
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Activity: 1204
Merit: 1015
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December 18, 2013, 03:32:33 AM |
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It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.
Oh thank God. You have no idea how glad I am to see this. It's been awhile...
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