Bitcoin believers/investors are foolish or low IQ people ?

[Leh-Meh]

Few months back when I was reading this forum, somebody said Bitcoin investors and supporters just think of Bitcoin $5000 or $10,000 or $40,000. They do not know anything.

$1 to $5000 in 10 years and Bitcoin people still say Bitcoin is an investment and not super-HYIP or ponzi.

My website: https://dangerousmother.com (for real world out there)

Talks of Bitcoin as global currency and Bitcoin taking over Gold and Silver.

Just like billionaire Warren Buffet who keeps saying buy Apple inc. shares and other shares and thereby pushing DOW Jones to 25000 with the help of financial cartel because people are too foolish and they believe in $1000 to $10,000 in 12 years.

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[xvids]

How could you address them as a low IQ people if they are making more income compare to a regular wage earner?
I am not saying that those people who are regular wage earner are low IQ or what ,
But don't you think that they know more that is why they are here and they know the potential of crypto that is why they invested on it?
Foolish ? LOW IQ? I don't think so people have been earning more in crypto and it have help so many people to change their life.

[Leh-Meh]

How could you address them as a low IQ people if they are making more income compare to a regular wage earner? I am not saying that those people who are regular wage earner are low IQ or what ,But don't you think that they know more that is why they are here and they know the potential of crypto that is why they invested on it? Foolish ? LOW IQ? I don't think so people have been earning more in crypto and it have help so many people to change their life.

An American paid $179,000,000 for a naked painting. Hard earned money goes to useless people because of gambling/ponzi/casino and serious mental illness at high levels.

[TheNewAnon135246]

Did you get rekt during the past bear market?

[peter0425]

I don't understand your logic, how can you say that bitcoin investors are foolish or low IQ when you yourself said that the price goes from $1 to $5000? Isn't it a good investment then? Maybe what you mean is that people investing on bitcoin is foolish because they don't know the risk. But personally, I joined in 2017, wait till the price peaked at $19k and then book the profit. Can you categorically call in foolishness or being smart investor? 

[dothebeats]

Yes, perhaps most of them are gullible and stupid enough to believe that this certain cryptocurrency would go on and fare prices unimaginable to the 'rational thinkers.' Oddly so, these same dumb people turn out to rake in most profits over anyone else just because of the fact that they are idiots believing the herd. Lucky me, I was one of those idiots who believed in bitcoin's potential as an investment and had been raking the rewards ever since. You can't expect people to think like you, and that's why the things we do might seem dumb to you but for the rest, we are the sensible ones because we believed, and here we are talking about bitcoin's value from $1 to $19000.

[kaya11]

Few months back when I was reading this forum, somebody said Bitcoin investors and supporters just think of Bitcoin $5000 or $10,000 or $40,000. They do not know anything.

$1 to $5000 in 10 years and Bitcoin people still say Bitcoin is an investment and not super-HYIP or ponzi.

Talks of Bitcoin as global currency and Bitcoin taking over Gold and Silver.

Just like billionaire Warren Buffet who keeps saying buy Apple inc. shares and other shares and thereby pushing DOW Jones to 25000 with the help of financial cartel because people are too foolish and they believe in $1000 to $10,000 in 12 years.

He has bad experience in the market maybe? How can you say such fooling things, then say that to the people who created 30 million wallets or more. Bitcoin can't just be stopped and it is continuing whatever you say. You can take words from people who do you like but the fact that they are mere humans ,they're not always just right and sometimes can be wrong especially in speculation.

[Thirdspace]

Few months back when I was reading this forum, somebody said Bitcoin investors and supporters just think of Bitcoin $5000 or $10,000 or $40,000. They do not know anything.

$1 to $5000 in 10 years and Bitcoin people still say Bitcoin is an investment and not super-HYIP or ponzi.

I would call them as high risk takers
hyip/ponzi is based on fake business practice with no valuable underlying assets
bitcoin has real use, real value and massive network nodes supporting its system
there's a big difference between the two, and you failed to see that for whatever reason you have

Just like billionaire Warren Buffet who keeps saying buy Apple inc. shares and other shares and thereby pushing DOW Jones to 25000 with the help of financial cartel because people are too foolish and they believe in $1000 to $10,000 in 12 years.

so in a way, you are also saying that Warren Buffet is a ponzi activist/supporter
he suggests buying apple stocks to drive price up, so he can sell/unload his stocks at high price for profit

[Genemind]

Those who are saying that Bitcoin investors have low IQ are actually has a lower IQ because they do not know how cryptocurrency runs. It's not our fault if we're earning more than them who work more than 8 hours a day.
I guess it's better if we'll ignore those people.

[livingfree]

Don't generalize that all people who are in bitcoin has low IQ. Actually, people who are in bitcoin has higher IQ than an average person does. Why? how can you ever find a gold on the web that has growth enormously thas has gone through many downs.

They get jealous because they haven't bought the dip and still hoping that it can go as low as $1000. I don't mind them if they have that kind of mentality because of their hidden agenda and failure with their plans of hopping in at the lowest.

[rdluffy]

Ok, what are you doing here on BITCOIN talk?

You can think what you want, but BTC is not only for pump and dump, or to make money, if you are a person who have some IQ, you'll notice that there's an entire ecosystem based on BTC

[figmentofmyass]

Did you get rekt during the past bear market?

lol, my thoughts exactly. this guy got rekt so bad.

$1 to $5000 in 10 years and Bitcoin people still say Bitcoin is an investment and not super-HYIP or ponzi.

Talks of Bitcoin as global currency and Bitcoin taking over Gold and Silver.

shares in a ponzi scheme don't have utility and aren't used as money. stop thinking about bitcoin in terms of its dollar gains---its properties are not defined by the price. the entire notion of money is a group of people deciding to put their faith in an asset, whether it be gold, shell money, dollars, whatever. if other people decide that bitcoin is money and start valuing it as such, calling it a ponzi isn't going to erase that fact.

[mk4]

The Bitcoin community is growing continuily, slowly but steadily. Hence, you really can't generalize. Just as with any other asset class and other industries, there's going to be both actually smart and experienced investors, who actually knows and understands the ins and outs of Bitcoin technically and economically, and at the same time, there will be those degenerate investors too; buying bitcoin solely because some YouTuber told them too, expecting the prices to increase just because.

[Leh-Meh]

Did you get rekt during the past bear market?

OK, Bitcoin people are mentally ill like Warren Buffet.

[pushups44]

How could you address them as a low IQ people if they are making more income compare to a regular wage earner?
I am not saying that those people who are regular wage earner are low IQ or what ,
But don't you think that they know more that is why they are here and they know the potential of crypto that is why they invested on it?
Foolish ? LOW IQ? I don't think so people have been earning more in crypto and it have help so many people to change their life.

The OP likes to make broad statements about bitcoin without backing them up with sources or data. I mean, how can bitcoin investors have a low IQ? Most people don't even invest, because investing is generally for high IQ people with a low time preference.

[pushups44]

Did you get rekt during the past bear market?

That's my hypothesis about the ill-informed posters who keep on comparing bitcoin to a Ponzi scheme. They or people they know jumped in during the market highs and sold during the market lows without having done proper research, and they have been bitter about the industry ever since.

[stompix]

Let's make your topic a bit accurate.
It needs a simple word change:

ICO believers/investors are foolish or low IQ people !

Well, that's starting to make a lot more sense!  

Did you get rekt during the past bear market?

He is First77
Author of a few very "interesting" topics

Don't generalize that all people who are in bitcoin has low IQ. Actually, people who are in bitcoin has higher IQ than an average person does.

You say don't generalize and 3 seconds later you generalize.
I don't know why somebody would even bring up the IQ argument.

# Thirdspace said it better, they are risk-takers. Smart, stupid, does\t matter, the only thing we have in common is that we have risked some money. Some of us with gains, some have lost by buying and selling at the wrong time.

What about them, did they have a high IQ because they invested in Bitcoins but they have a low IQ cause they've sold?
How is that working out?

[CryptoBry]

Few months back when I was reading this forum, somebody said Bitcoin investors and supporters just think of Bitcoin $5000 or $10,000 or $40,000. They do not know anything. $1 to $5000 in 10 years and Bitcoin people still say Bitcoin is an investment and not super-HYIP or ponzi.
Talks of Bitcoin as global currency and Bitcoin taking over Gold and Silver. Just like billionaire Warren Buffet who keeps saying buy Apple inc. shares and other shares and thereby pushing DOW Jones to 25000 with the help of financial cartel because people are too foolish and they believe in $1000 to $10,000 in 12 years.

I find it funny how you describe Warren Buffet like a fool and yet he is very successful on what he is doing. Actually, Warren Buffet is like you as he doesn't believe on bitcoin and its potential both as a currency and a store of value. Lucky for us, bitcoin is now an unstoppable force though it is not really perfect and can be risky if one is not careful -- anything that can be very rewarding has more chance it can really be risky. So my advice to anyone afraid to lose money and not seeing the reward potential: there is no need to be a part of the bitcoin train. Bitcoin is open to all but not all can be open for bitcoin...a fact that is shared also with any other investment vehicle. By the way, how do you define a PONZI?

[Indrawan77]

Well many people already make a tons of profit using bitcoin, there are so many stories where people got a better life because of bitcoin, bitcoin is not only for currency, it also create a new payment system, it gives a freedom to used, if you can see the potential then you will realise that the investors are making the smart move

[Shinpako09]

Well many people already make a tons of profit using bitcoin, there are so many stories where people got a better life because of bitcoin, bitcoin is not only for currency, it also create a new payment system, it gives a freedom to used, if you can see the potential then you will realise that the investors are making the smart move

I believe op was once a bitcoiner and has a bad experience on it. Maybe his/her investment has gone and didn't became successful as others. That's why he is saying such things on btc and us. A perfect example of a losser who can't accept defeat. How can you say bitcoiners are fool if they are making money in btc more than their daily job.