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Author Topic: Bitcoin - Scamming Nerds out of their Starbucks Wages  (Read 2892 times)
Kimowa
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January 17, 2015, 10:19:07 PM
 #21

The price is the price, no-one as a singular is in control of the Bitcoin market.

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January 17, 2015, 10:43:26 PM
 #22

title of the OP is the only thing creative about this "Bitcoin is a ponzi" troll post.

yawn...

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January 17, 2015, 11:30:10 PM
 #23

The price is the price, no-one as a singular is in control of the Bitcoin market.

and who is making this price? Smiley
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January 18, 2015, 12:13:07 AM
 #24

A year or so ago, I remember bitcoin being above $1000, the Guardian ran many positive stories. It seemed every day bitcoin had a positive spin - bitcoin million dollar thumbdrive found, bitcoin beer sold, bitcoin hoarded by Chinese. I mentioned the obvious fact - that bitcoin was a (pointlessly) elaborate Ponzi scheme, whose obfuscations and complexities only served to mask the extremely obvious truth - the vast majority of bitcoin is valued 1 cent or lower, and the only job of the founders (Ponzi leaders) is to in entice new users (dumb money) into the bottom of the Ponzi pyramid. It does't matter at what point the dumb money came in - $1 or $1000, to the tip of the pyramid it's pure profit, even if they manage to liquidate only a few bitcoin to actual money (a difficult task even in the most stable periods) they would reap pure profit and the dumb money would instantly (I mean instantly) become permanent bagholders (once a ponzi begins unraveling, the momentum is always down).

When I pointed out the simple truth (truth is always simple, unlike fraudulent bitcoin) of the ponzi scheme, I was shouted down by waves of scheming pump boilers. They all came out of the woodwork at once. "You don't understand X" "The protocol means Y" "Satoshi and Ayn Rand told me Z" on and on and on. Wow, I was shocked, I'd never seen such coordinated efforts to boil up a price. I only hope that those guys were near the original buy in, otherwise they became suicidally trapped bagholders. $300? $500? $1200? Who knows the depth of their ruination.

Moral of the story - to the founders, congratulations, you defrauded, and continue to defraud, tens of thousands of people who I'm sure thought they were very clever and ahead of the game (usually the dumbest people in the room). And to the bagholders - I won't say it's not too late, because at this point liquidating any bitcoin volume in any meaningful significance will lock up the remaining "market" and lead to an instant crash or more likely simply the termination of "market" function in totality. But you can resolve today to put your savings in actual assets valued in actual money, money backed by hundreds of trillions of physical assets, enforcement agencies, and transparent, fraud resisting systems that are continuously improved day by day. You've been victimized, but you can learn from your mistakes and make sure other friends and family are not defrauded by cyber criminals and ponzi pumpers. Cheers!  Grin



Nice first post, congrats Tongue



LOL me too.

Seriously, what is the point of creating newbie accounts to attack bitcoin? Are these people getting paid or something?

If I had a bitcoin for every ponzi post in the gambling section and every FUD post here, I'd be rich.

he prolly was loosing money and finally sold at a loss.  now that he's out, he wants btc to fail and thinks starting threads here, talking about how bad btc is will do it.  LOL

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January 18, 2015, 12:23:13 AM
 #25

The price is the price, no-one as a singular is in control of the Bitcoin market.

and who is making this price? Smiley

Buyers and sellers.

Quantity demanded must equal quantity supplied. The price is observed at the point where those two curves meet.
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January 18, 2015, 12:38:27 AM
 #26

some people from here are not related with BTC (they are writing to have fun) that's why they may have a clear vision about what Bitcoin is.




I mean why would you ever spend so much time on this forum if you guys are not related to BTC at all? For fun, huh? It's not like you're trying to drive the price down or anything  Smiley
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January 18, 2015, 01:02:40 AM
 #27

If it's a true ponzi where bitcoin is worth nothing (like what you implicated), the network would have collapse years ago and not survive so long until today. And that's a fact. Period.

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January 18, 2015, 06:03:09 AM
 #28

i've noticed a big series of people coming here as new users and posting 1 long ass FUD post out of nowhere. What a coincidence!

The long winded 1st time posts that never respond back are the paid troll (sock puppet) accounts.   Often times, they're also just stupid as hell.  Ponzi?  Really?  This one is obviously just trying to use trigger words like "ponzi" or "scam" to inspire negativity and doubt about BTC.  Fucking amateurs.
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January 18, 2015, 12:11:37 PM
 #29

If it's a true ponzi where bitcoin is worth nothing (like what you implicated), the network would have collapse years ago and not survive so long until today. And that's a fact. Period.

wrong. a bubble can take as long as new fools are still coming. without the new comers, there is no bubble and everything is going down.

Bitcoin still has a black market(hackers, drugs, child porn, fake ids, stolen credit cards and so on). This is what it sustains the Bitcoin.
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January 18, 2015, 12:32:20 PM
 #30

A year or so ago, I remember bitcoin being above $1000, the Guardian ran many positive stories. It seemed every day bitcoin had a positive spin - bitcoin million dollar thumbdrive found, bitcoin beer sold, bitcoin hoarded by Chinese. I mentioned the obvious fact - that bitcoin was a (pointlessly) elaborate Ponzi scheme, whose obfuscations and complexities only served to mask the extremely obvious truth - the vast majority of bitcoin is valued 1 cent or lower, and the only job of the founders (Ponzi leaders) is to in entice new users (dumb money) into the bottom of the Ponzi pyramid. It does't matter at what point the dumb money came in - $1 or $1000, to the tip of the pyramid it's pure profit, even if they manage to liquidate only a few bitcoin to actual money (a difficult task even in the most stable periods) they would reap pure profit and the dumb money would instantly (I mean instantly) become permanent bagholders (once a ponzi begins unraveling, the momentum is always down).

When I pointed out the simple truth (truth is always simple, unlike fraudulent bitcoin) of the ponzi scheme, I was shouted down by waves of scheming pump boilers. They all came out of the woodwork at once. "You don't understand X" "The protocol means Y" "Satoshi and Ayn Rand told me Z" on and on and on. Wow, I was shocked, I'd never seen such coordinated efforts to boil up a price. I only hope that those guys were near the original buy in, otherwise they became suicidally trapped bagholders. $300? $500? $1200? Who knows the depth of their ruination.

Moral of the story - to the founders, congratulations, you defrauded, and continue to defraud, tens of thousands of people who I'm sure thought they were very clever and ahead of the game (usually the dumbest people in the room). And to the bagholders - I won't say it's not too late, because at this point liquidating any bitcoin volume in any meaningful significance will lock up the remaining "market" and lead to an instant crash or more likely simply the termination of "market" function in totality. But you can resolve today to put your savings in actual assets valued in actual money, money backed by hundreds of trillions of physical assets, enforcement agencies, and transparent, fraud resisting systems that are continuously improved day by day. You've been victimized, but you can learn from your mistakes and make sure other friends and family are not defrauded by cyber criminals and ponzi pumpers. Cheers!  Grin



^^^^^^

watch out this uneducated morally bankrupt fool with a printer could do some real damage if you let that paper hold any value more than what its really worth (fkall)

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January 18, 2015, 02:14:03 PM
 #31

The price is the price, no-one as a singular is in control of the Bitcoin market.

and who is making this price? Smiley

Buyers and sellers.

Quantity demanded must equal quantity supplied. The price is observed at the point where those two curves meet.

In Dutch "evenwichtsprijs" or balance price Smiley
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January 18, 2015, 03:35:15 PM
 #32

Bitcoin's the only scam I ever made money from then.

REAL nerds can make Bitcoin profit regardless the price, either you like it or not.

-I'd rather be mining
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January 18, 2015, 03:48:19 PM
 #33

truth is always simple
Truth is never simple.
"Obama ruinded the US-economy"
"Moslems are terrorists"
"The FED controls the price of the USD"
Are very simple statements, a lot of stupid people believe in, but are simply wrong.

https://forum.bitcoin.com/
New censorship-free forum by Roger Ver. Try it out.
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January 18, 2015, 07:01:04 PM
 #34

Bitcoin's the only scam I ever made money from then.

REAL nerds can make Bitcoin profit regardless the price, either you like it or not.
'

yes, you can make money from HYIPs(ponzi). there are many people who are doing that. there is no problem  Wink

but admit that Bitcoin is only a bubble which it's good to be exploited Smiley
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January 18, 2015, 11:22:13 PM
 #35

Quote
Moral of the story - to the founders, congratulations, you defrauded, and continue to defraud, tens of thousands of people who I'm sure thought they were very clever and ahead of the game (usually the dumbest people in the room).
No one is forcing anyone to buy bitcoin.  In the age of information, ignorance is a choice.  Do you're own research and risk assessment.
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January 19, 2015, 12:50:23 AM
 #36

PLEASE bring back the newbie zoo
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January 19, 2015, 03:30:50 PM
 #37

i've noticed a big series of people coming here as new users and posting 1 long ass FUD post out of nowhere. What a coincidence!

They just don't want such FUD posts associated with their primary ids.  Wink
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January 20, 2015, 10:02:56 PM
 #38

Quote
"Moral of the story - to the founders, congratulations, you defrauded, and continue to defraud, tens of thousands of people who I'm sure thought they were very clever and ahead of the game (usually the dumbest people in the room). And to the bagholders - I won't say it's not too late, because at this point liquidating any bitcoin volume in any meaningful significance will lock up the remaining "market" and lead to an instant crash or more likely simply the termination of "market" function in totality. But you can resolve today to put your savings in actual assets valued in actual money, money backed by hundreds of trillions of physical assets, enforcement agencies, and transparent, fraud resisting systems that are continuously improved day by day. You've been victimized, but you can learn from your mistakes and make sure other friends and family are not defrauded by cyber criminals and ponzi pumpers. Cheers!"


very true !
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January 20, 2015, 10:18:55 PM
 #39

You are right that Bitcoin was irrationally overvalued, and many people were blind to that fact (and treated anyone who saw the truth like a fool), but that doesn't mean that there isn't value. Overvalue does not equal no value.

I think in a few months, or maybe longer, we'll be looking at all of these "Bitcoin is Dead" posts much as we were looking at The Rise and Fall of Bitcoin in 2013. I could be wrong, a security weakness could be uncovered, or a better option could be created, but it's hard to deny that Bitcoin at least has SOME value, and I happen to think that right now it's undervalued.

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January 25, 2015, 06:47:48 PM
 #40

BTC was somehow good as idea but the centralized exchanges are ruining the whole system.
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