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Bitbuy
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December 18, 2013, 11:42:37 AM |
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Yeah, the fear selling...But since this is widely known, why does it keep happening AGAIN and AGAIN?
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TheFootMan
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December 18, 2013, 12:24:31 PM |
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Yeah, the fear selling...But since this is widely known, why does it keep happening AGAIN and AGAIN?
there's always new participants who are nervous. |
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dg2010
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December 18, 2013, 12:38:07 PM |
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Yeah, the fear selling...But since this is widely known, why does it keep happening AGAIN and AGAIN?
Because people invest with money they are truly not willing to lose, they have a huge emotional attachment and the thought of their $1000 investment being worth $300 is too much to swallow, so they take the $500 loss and move on. Only to regret it 6 months later when the price has recovered +a big %. |
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shackleford
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December 19, 2013, 04:06:04 AM |
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Edit: ...and just noticed this gem, too...lol: ...
The people behind bitcoin needs to tie it's value to the dollar if they ever want it to take off. One coin gets you one dollar, simple.
</thread> Thanks for posting this I was considering responding but clearly the OP is retarded. Saved me some time. |
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JHenderson
Member
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Activity: 70
Merit: 10
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December 19, 2013, 05:01:16 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. The Pareto Principle (which is shared by all financial systems) makes bitcoin a Ponzi scheme?  What is worse? Bitcoin or US Dollar? |
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GeniuSxBoY
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December 19, 2013, 05:55:54 AM |
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 Bitcoin is now to be referred to as...... the Fonzi Scheme. ehhhhhhh?! |
Be humble!
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PenAndPaper
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December 19, 2013, 06:02:09 AM |
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Bitcoin is going down for a serious reason and that is the Chinese regulation. How is that indicates a ponzi scheme?
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TheFootMan
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December 23, 2013, 03:09:58 PM |
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It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.
Yes, it's over now. Everybody just go home! |
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redwraith
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December 24, 2013, 12:21:36 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.
Raw Dog? Is that you? |
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Decksperiment
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August 09, 2014, 12:47:25 PM |
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Oh well, into the deepend i go.. again.. Try this:
New currency released, creating faucets for folks to get into it with little or no money. The problem here, is those that got into bitcoin at the start know that bitcoin only has 8 0'z after the decimal point, anything less is not bitcoin, regardless of what you try to pull over people's eyes with satochi.. see, many sites say free btc, only for the customer to find that they were not paid anything anywhere near the 8 0'z after the decimal point.. in effect, i go to a site, collect 1.000 satochi for say watching video's.. the site then proceeds to rip off a good 30% of that in faked transaction fees using the excuse that they'll send it when they have enough.. I had a friend start with 0 bitcoins, and asked him to stick with trying to create 1 btc from faucets dotted all over the place.. he sussed quickly that it would take at least a year to earn a quarter of a bitcoin.. so just how long do you think you can all feed off each other when the only thing we see online is sites offering free btc when in fact they are offering something invented several years AFTER the origional creation? How many people with a faucet here can honestly say they pay out directly to the customers wallet? Most likely 1% of aLL bitcoin websites. And again to stress a point.. apart from trading online with btc, what can we actually do with them outside in the real world, that would make others see that this is in fact a viable currency instead of nothing more than club points?
Btc has no value based on the fact that the value is held around the same as every other currency.. I always did ask myself, well, if it's so good, and worthwhile, how come no-one is trading them in the street?
The fact of the matter is, new investors f*ck off at the first sign of not being paid.. Does your site pay out immediatly? Probably not. Thank you for killing your only chance of a de-centralized currency..
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Wandererfromthenorth
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August 09, 2014, 12:51:06 PM |
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Bitcoin is now to be referred to as...... the Fonzi Scheme. ehhhhhhh?! LMAO |
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Decksperiment
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August 09, 2014, 01:01:31 PM |
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Cool as it was, it dont change the fact that I wrote what most laymen are thinking.. 1 decent solar flare and all your btc belongs to..?
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Decksperiment
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August 09, 2014, 01:08:36 PM |
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Imust also point out that bitcoin in itself is NOT a ponzi scheme, it is nothing more than a file that says how much credit you may or may not have.. it's the people running the sites that are ponzi.. just look at the scheme's they come out with, the hoops people have to jump through for something added on at a later date.. now thats the ponzi scheme.. gimme btc anyday, fek the rest..
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zymafluo
Newbie
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Activity: 42
Merit: 0
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August 09, 2014, 01:57:56 PM |
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There are tons of writings which explain why bitcoin isn't a Ponzi scheme.
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Miz4r
Legendary
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Activity: 1246
Merit: 1000
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August 09, 2014, 02:30:33 PM |
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Cool as it was, it dont change the fact that I wrote what most laymen are thinking.. 1 decent solar flare and all your btc belongs to..?
1 decent solar flare that knocks out the entire electricity grid and we've much bigger problems on our hands than what will happen to btc lol. |
Bitcoin = Gold on steroids
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big ears
Newbie
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August 09, 2014, 05:06:12 PM |
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Cool as it was, it dont change the fact that I wrote what most laymen are thinking.. 1 decent solar flare and all your btc belongs to..?
1 decent solar flare that knocks out the entire electricity grid and we've much bigger problems on our hands than what will happen to btc lol. If that happens we will all be living in a world like something out of mad max, except even cars won't work. |
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BowieMan
Full Member
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Activity: 154
Merit: 100
Is there life on Mars?
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August 09, 2014, 05:27:27 PM |
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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.
Ahhh, awesome. It's always great to come back to these kinds of threads after some time has passed and it is quite safe to say that those people were wrong. This kind of FUD has been spread since Bitcoin was invented. I guess it's just the normal course of events! |
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Taras
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Please do not PM me loan requests!
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August 09, 2014, 07:06:56 PM |
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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... You know, the problem with that is, we don't really know if those big addresses really belong to individuals. These addresses could very well be storing funds belonging to thousands of people. Then, on the other hand, we don't know how many addresses the super-bitcoin-holders have. We don't know the addresses belonging to the Winklevii. We already know that satoshi has around 20,000 addresses. The chart is inconclusive at best. |
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big ears
Newbie
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Activity: 57
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August 09, 2014, 07:28:31 PM |
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What if more bitcoins have been lost than that chart shows. Some of the top 100 wallets have had no withdrawals for years. Would you admit it if you had one of those wallets and lost the key through your own fault, or a computer crash?
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Torque
Legendary
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Activity: 3570
Merit: 5043
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August 09, 2014, 07:48:42 PM |
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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.
Ahhh, awesome. It's always great to come back to these kinds of threads after some time has passed and it is quite safe to say that those people were wrong. This kind of FUD has been spread since Bitcoin was invented. I guess it's just the normal course of events! Go back and look at the OPs threads and responses. This person has been trolling bitcointalk since 2011 ! |
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