GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :)

[Paul Revere]

Pointing out that you are giving people completely foolish advice is not attacking you. If you want to throw money in the toilet, by all means, please feel free to do so. You are free to do this, and I am free to laugh at you for doing so.

True, and i dont have any problem with you laughing.
But i didnt give any advice, i just told how i see things, which is why this forum is about right?

A couple posts back you gave a long sermon about "principle" and how not salvaging 10% of a bad investment is the same as throwing it away. WRONG. That is complete and TOTAL BULLSHIT.  This post you made is in fact advice, and it happens to be absurdly BAD ADVICE. You are free to do what you want with your money, but please do not expect me to start believing that complete idiocy is somehow something other than what it is.

Its not about the 10%, its about the principle. If you have lost 90% of your investment then that means you probably are the worst investor ever. When investing money the first thing you learn is to set targets for yourself both upwarts and downwarts...

With a 90% loss you are already over the point of no return and selling basically would be throwing your money away. The only way when this isnt the case (and even then its a doubtful move) is when it has dropped 90% in a second or when its 99.99% sure the thing you invested in gets deleted/broke. But like all other things it went down a bit each day so everybody had tons of opportunities to get out and take their losses...

Its not about caring about money or how much you invested, its about knowing what you do when you invest money. If you dont have a plan and just hope for the best, you better not invest at all..

Edit to add: Your last post is also complete bullshit. The fact is that XPY is in a steep price slide with no end currently in sight. If you honestly believe that it will turn around it would be better to sell now and buy back 2x as much next week. You are simply a lazy investor person that wants to do nothing and get a 500% return. Good luck with that.

In my opinion even with a 1% chance, when you already lost that much is better to hope for a miracle then to take that small amount of money you have left... there isnt a big difference in losing 90% or 100%, it both sucks as ***

[1714555314]

1714555314

[1714555314]

1714555314

[1714555314]

1714555314

[1714555314]

1714555314

[1714555314]

1714555314

[Phildo]

stupid advice

if i would be all in: id rather save 10% of my money than burn everything

Uhhh are you for real? So if you invested 100.000usd and now its only worth 1000 usd, you would be cashing in that 1000? Oh men, thats probably the worst thing you can ever do. If you care about that 1000usd so much, you shouldnt have invested it in the first place..

$1000 > $100  > $0. If you think it's going down, don't blow any more money on "principle." I'm not sure how many more failed promises and "pending major announcements" can be left in this thing.

Well clearly we all think different  

In my opinion even with a 1% chance, when you already lost that much is better to hope for a miracle then to take that small amount of money you have left... there isnt a big difference in losing 90% or 100%, it both sucks as ***

The difference in this example is 1k, which can buy you some stuff. Don't fall victim to the sunk cost fallacy. the money you gave Garza is gone, it's a 0% chance of getting fixed, there is nothing to be done. How are the people who pay $20 for a coin going to turn a profit? No plan makes sense, and no one will have confidence in the coin when Garza is sitting there with millions of coins ready to cash out at any second.

[suchmoon]

Well clearly we all think different  

In my opinion even with a 1% chance, when you already lost that much is better to hope for a miracle then to take that small amount of money you have left... there isnt a big difference in losing 90% or 100%, it both sucks as ***

That's just gambler's fallacy. The "chance" of a miracle is not different just because someone already lost 90%. In other words, would you bet $1000 out of your pocket on a 1% chance? And a chance of what exactly? A rise to $2000? You get much better odds at Primedice.

If you wouldn't bet $1000 out of pocket, why would you think holding $1000 worth of XPY is different?

[paycum]

@paul,

I never said it would turn around. Personally i just think there is a big chance it will bounce up a bit when some good news comes out. That is why i made a gamble. And yes a gamble not an investment as im aware i can loose it all.

@suchmoon Again its not about the 10% or the 1%. If you lost 90% then you have done something terrible already, you should have sold much earlier and took your loss. Indeed it went down, everybody could see that, so why sell now when you could have gotten 50%/60%.

Im just saying that "in my point of view" thinking of selling at that late point doesnt make any sense...

[kken01]

stupid advice

if i would be all in: id rather save 10% of my money than burn everything

Uhhh are you for real? So if you invested 100.000usd and now its only worth 1000 usd, you would be cashing in that 1000? Oh men, thats probably the worst thing you can ever do. If you care about that 1000usd so much, you shouldnt have invested it in the first place..

$1000 > $100  > $0. If you think it's going down, don't blow any more money on "principle." I'm not sure how many more failed promises and "pending major announcements" can be left in this thing.

Well clearly we all think different  

In my opinion even with a 1% chance, when you already lost that much is better to hope for a miracle then to take that small amount of money you have left... there isnt a big difference in losing 90% or 100%, it both sucks as ***

do consider the following points that im willing to even concede:

EVEN if you forget every mistake and lie Mr. Ganza has made to poison his pool of users
EVEN if you forget the fact that Mr. Ganza got offered coding help to fix hyperinflation which has not been accepted since its still there

there is a Masters thesis that looked at every single paper in academia related to crypto. interviewed investors, bankers and big btc players.

this is a model produced from it which crudely works


how many times have you seen Mr. Ganza say something about legal which means regulations (noone else seems to be hit this hard? weird).
12. government regulatory index {-1,1}
with -0.5 you get this which is basicly stagnation and death of your poopcoin


in Mr. Ganzas situation we are at -0.3 ~ -0.75. there is 8k wallets currently.

i would still not dump 10% of my investment. i would rather move it to another project id be involved in

[strangerdanger101]

[paycum]

@kken01

You dont have to convince me about the paycoin scam  

But dont you think that even if garza is lying, looking at the supporters who are still massively there and by looking at the company itself, there is a chance (a lot more then 1%) that price goes up at least 20%/30% in the next 2 months?

Even withouth the perfect feautures a bounce up, even if its only for a few days, seems highly likely to me...

Im not saying you should buy as i did as a gamble, but i think that chance is big enough to keep your 10% for now...

[HashieNewb]

"supporters who are still massively there"
that is part of the Mr Ganza's lie... there is no massive support

[Paul Revere]

@kken01

You dont have to convince me about the paycoin scam  

But dont you think that even if garza is lying, looking at the supporters who are still massively there and by looking at the company itself, there is a chance (a lot more then 1%) that price goes up at least 20%/30% in the next 2 months?

Even withouth the perfect feautures a bounce up, even if its only for a few days, seems highly likely to me...

Im not saying you should buy as i did as a gamble, but i think that chance is big enough to keep your 10% for now...

I have made 30% on the BTC I have been using to play the XPY market in the last 10 days. You could have done the same, but you want to do nothing and just have a huge profit handed to you. The odds are that you will simply lose all of your investment if you sit around waiting for a huge payday. Plain and simple.

[paycum]

@kken01

You dont have to convince me about the paycoin scam  

But dont you think that even if garza is lying, looking at the supporters who are still massively there and by looking at the company itself, there is a chance (a lot more then 1%) that price goes up at least 20%/30% in the next 2 months?

Even withouth the perfect feautures a bounce up, even if its only for a few days, seems highly likely to me...

Im not saying you should buy as i did as a gamble, but i think that chance is big enough to keep your 10% for now...

I have made 30% on the BTC I have been using to play the XPY market in the last 10 days. You could have done the same, but you want to do nothing and just have a huge profit handed to you. The odds are that you will simply lose all of your investment if you sit around waiting for a huge payday. Plain and simple.

I do the same, didnt earn as much profit as you did this week though.

And im not waiting on a huge payday, just a small profit of 30%/40% is enough...if it goes back to 0.0048/0.0055 im more then happy

[suchmoon]

@kken01

You dont have to convince me about the paycoin scam  

But dont you think that even if garza is lying, looking at the supporters who are still massively there and by looking at the company itself, there is a chance (a lot more then 1%) that price goes up at least 20%/30% in the next 2 months?

Even withouth the perfect feautures a bounce up, even if its only for a few days, seems highly likely to me...

Im not saying you should buy as i did as a gamble, but i think that chance is big enough to keep your 10% for now...

I gotta quote this for posterity. This XPY thing will be going on for a while as long as we have logic like this backing it.

I just can't understand why this is more appealing than gambling in a respectable establishment with clearly defined odds? Is there some extra thrill of betting on whims of a habitual liar and piety of a delusional horde of brainwashed lemmings?

[paycum]

@kken01

You dont have to convince me about the paycoin scam  

But dont you think that even if garza is lying, looking at the supporters who are still massively there and by looking at the company itself, there is a chance (a lot more then 1%) that price goes up at least 20%/30% in the next 2 months?

Even withouth the perfect feautures a bounce up, even if its only for a few days, seems highly likely to me...

Im not saying you should buy as i did as a gamble, but i think that chance is big enough to keep your 10% for now...

I gotta quote this for posterity. This XPY thing will be going on for a while as long as we have logic like this backing it.

I just can't understand why this is more appealing than gambling in a respectable establishment with clearly defined odds? Is there some extra thrill of betting on whims of habitual liar and piety of a delusional horde of brainwashed lemmings?

It is hehe, but i told you i did a gamble by buying in as we speak. My current position is just for fun...i have other coins for serious investment..

The other story was more about people who bought in earlier and now are on a 90% loss.

[vancefox]

To the moon!!!  (XPY as of 2-19-15)

[kken01]

@kken01

You dont have to convince me about the paycoin scam  

But dont you think that even if garza is lying, looking at the supporters who are still massively there and by looking at the company itself, there is a chance (a lot more then 1%) that price goes up at least 20%/30% in the next 2 months?

its possible theres short&small boost if this new breed of HT believers have enough money to spend but its hard to gather good information from HT since its so heavily moderated. from the current looks of it this new breed doesnt have enough money to buy the old big players out who are cashing out at great losses.

low value hashtakers (<200xpy) are selling ok  specially at the low end, but anything large and its v. hard it seems, a decent indicator of future btc income into xpy

if you try to wait 2 months it will most likely be too late to salvage anything, remember paycoin is only 70 days old or so and this is where we are. if Mr. Ganza fixes the core problems which makes it look like a scam he might rope in major money bags to balance the price but hes not going to do it. these <500$ 'investors' cannot offset it enough

you should try Pauls tactic of day trading

[Paul Revere]

@ VanceFox: I love the little notch from the ~50k "testcoins" that Homero burned to "prove he keeps his word" (translation : Got caught red handed stealing so he was forced to burn them). Didn't affect the giant upward spike of new XPY, most of which are his of course.



P.S: Paycum, you are not doing the same thing I am at all. You bought in on the last pump spike, and now you are waiting for an even bigger pump spike that will dwarf this last one. Good luck with that. I had just sold out on that pump spike when you announced that you had bought in. Please stop saying that we are doing the same thing, because  I am buying in the dump troughs and selling on the pump spike peaks, which is the OPPOSITE of what you are doing.

[bumpershot]

You don't know what you are talking about.  Faster blocks doesn't mean anything.  If bitcoin forked to 1 minute block times, then a transaction with 10 confirmations would be just as secure as one with one confirmation how it is now.  It's not the number of confirmations, its TIME.

That's not true. Each block race is a discrete event, so the chance of a specific miner beating the world to a set of, say, six blocks in a row should be roughly the same regardless of the time between blocks. Difficulty might change the curve a little, but, for the most part, it's the chance of winning a set of races cumulatively that matters.

[kken01]

@ VanceFox: I love the little notch from the ~50k "testcoins" that Homero burned to "prove he keeps his word" (translation : Got caught red handed stealing so he was forced to burn them). Didn't affect the giant upward spike of new XPY, most of which are his of course.

haha vancefox priceless great pic of exactly how big dent that 100k was. it made people angry as hell but its already back at 'TO THE MOON'-rate

[vancefox]

@ VanceFox: I love the little notch from the ~50k "testcoins" that Homero burned to "prove he keeps his word" (translation : Got caught red handed stealing so he was forced to burn them). Didn't affect the giant upward spike of new XPY, most of which are his of course.

https://i.imgur.com/gIgTtUq.gif

Step 1) Create 50k new coins illegitimately through "testing" hyper-inflationary code in production.
Step 2) Get caught and say you're going to destroy every single one.
Step 3) State that the "FUDers" are wrong and that at most it should only be 350%, not 3,200%.
Step 4) Get the SEC's inquisitive eye pointed at you.
Step 5) Create ~600k coins using hyper-inflationary code after saying that code shouldn't be such to hurry up and increase your coin count.
Step 6) Burn those 50k coins as proof you are a "man of your word"
Step 7) Continue to sell stake into buyer base while hyping major announcements that are "coming soon".

Did I get it right?

Edit:  Actually, it was 113k coins burned...  https://chainz.cryptoid.info/xpy/block.dws?66506.htm

Oh and you all can follow hyperinflation too!  ===> https://chainz.cryptoid.info/xpy/#@inflation

[jimmothy]

There are already hundreds if not thousands of things you can do with bitcoins and practically nothing an altcoin can do that bitcoin can't.

Can the bitcoin network provide 6 confirmations of a transaction in 6 minutes?  Nope,  Dogecoin can.  Can Bitcoin process 270 transactions per second?  Nope, Litecoin can.

More parameter changes. Your argument is like saying we need to create a whole new internet because IPV4 only supports 4 billion IP addresses.

Once bitcoin gets instant transactions via sidechains, it will have no problem confirming transactions in minutes and processing hundreds per second.

The effect of this is the total reliance on centralized companies such as coinbase, circle, changetip amongst others. This totally defeats satoshi's vision of crypto.

Complete nonsense. Did bitcoin die when MtGox was hacked? Or when the Silkroad was shut down?

Bitcoin is working exactly as it was designed.

Like I said,  bitcoin will have to hardfork to reach the performance levels of even the slowest altcoins that came after it.  The 3 year head start gave bitcoin the massive network effect, and this will be virtually impossible to surpass by another coin.  But don't try to tell me that bitcoin is where it is because it is a superior performng coin.  It is very slow.

You guys are lucky Charles Lee didn't create litecoin within 12 months of the bitcoin genesis block because things would be a lot different now.

I take it you're a litecoin bagholder that can't accept the fact that nobody really cares about slightly quicker block times?

[paycum]

@ VanceFox: I love the little notch from the ~50k "testcoins" that Homero burned to "prove he keeps his word" (translation : Got caught red handed stealing so he was forced to burn them). Didn't affect the giant upward spike of new XPY, most of which are his of course.



P.S: Paycum, you are not doing the same thing I am at all. You bought in on the last pump spike, and now you are waiting for an even bigger pump spike that will dwarf this last one. Good luck with that. I had just sold out on that pump spike when you announced that you had bought in. Please stop saying that we are doing the same thing, because  I am buying in the dump troughs and selling on the pump spike peaks, which is the OPPOSITE of what you are doing.

No that is one position i have. I always take one position and do others for daytrading although i do not do daytrading with xpy at the moment due to low volume...i only trade at bittrex.

And same as you i can say whatever i want and im surely not going to listen to a person like you who his fulltime job seems to be wasting his time fudding around and getting frustrated at every single thing that doesnt exactly match his point of view.

Looking at your posting history you probably made a new fud record. 45 pages of pure gaw bashing.... So you really think anyone will take you serious? And i would understand it a bit if you came with good arguments but all you seem to do is post lame picture and get in fights with other users.