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Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.
A Beautiful Mind my dbl has
Honestly I did it because I knew it would get your goat.
As long as there is money, people will use it to do illegal things. Pretending it’s some negative against btc is silly. Especially when btc is easier to track than cash. See https://www.google.com/amp/s/cointe...transactions-to-shut-down-child-porn-ring/amp
Ah the “you posted on the same message board that I did so you’re obviously mad” approach. Cool I guess.
Never gave someone shit before?
It's funny, I heard that the hacker wasn't using whirlpool and the chain analytics of the hackers btc trail are pretty rough. Even assuming he was using tor it doesn't matter. Using bitcoin is what's going to get him caught. I don't think people realize just how not anonymous bitcoin really is.
what a fuckin scam
And what network would advertise a man eating his own penis
Bitcoin is the scam, Louis Holth
Its by the end of 2020
this guy really wants to eat his own dick in 6 months
Gold at all time highs. Bitcoin rocketing. Gee wonder why hard assets are doing well in this market.
Traditional finance person who has known of btc since 2011 but just recently added it to her portfolio laying out her detailed reasons as to why. This is a good read:
Ray Dalio (of the ~$17B net worth variety) on the current state of the monetary system:
Da shillster, user15000 is back!
Ray Dalio says Bitcoin is NOT money, by the way. In fact, the first hit when you Google "ray dalio bitcoin" should say it all. Way to retweet him! Thanks for the heads up!
why bitcoin go up?
should I get back in now?
If you're curious about the prices of crypto right now, understand that the strength of a few world currencies has fallen dramatically in the past week. In particular, the US dollar has melted down. The crooks behind Bitcoin saw this coming and once again cranked up their magic money printers at Tether and manipulated the price up. Go look at how much "USDT" at the "Tether treasury" was printed in the past 10 days.
This is why the "HODL" meme is a thing. They control the vast majority of the coins and the more people hold, the easier they can manipulate the price up. Then they dump their bags on you. And the cycle begins anew.
Smart guy. Worth $17 BILLION as well. Probably the most important video in this thread and not only describes Bitcoin in a way that user15000 cannot refute but describes user15000 and people like him toward the end.
Anyone thinking about buying crypto right now, just understand that they are going into PUMP overdrive right now. I just checked and they printed another $120M Tether today. They are counting on dumb money coming in and then offloading their bags at that point at the inflated price. They are doing this because they anticipate that the US dollar is going to reverse course soon and begin to go back up. At that point, crypto will fall precipitously. Check back to March around market crash time to see what happens to crypto in that environment.\
They are attempting to create another FOMO cycle similar to the last time Bitcoin pumped to $20k fraudulently. Be forewarned...
Another relevant piece of info from earlier this month that I posted on the last page:
Also super-relevant from earlier in thread to understand what they are doing:
Keep in mind the amount of Tether that they have printed since that time is astronomically higher. It is ballooning in a fashion similar to the Federal Reserve balance sheet.
I know dalios position on btc you dummy.
Your posts read like a conspiracy theorist. I’m out drinking right now and will respond in full tomorrow, but go ahead and quote your own post like a week ago in the investing thread saying that something was bad for crypto when it was at like $9k and that it would be bad moving forward. You’ve clearly nailed that as it runs to $12k.
Also I don’t know how many times I have to say that I don’t give a shit who buys any of this. It’ll do what it does without you all.
Let me know how you would’ve done shorting the best asset of 2020.
btc is the most free market of any market that exists. Trades 24/7 every day. Crypto husker guy thinks he has figured out the entire reason that btc is overpriced. And has said the same thing for months. It’s a boring story.
We've been waiting for you to present a logical rebuttal to any of the things I have posted for several pages now. You simply respond with the classic shill deflection tactics and puff crypto pieces over and over. They've so thoroughly convinced you that virtual ones and zeroes are actually worth $10,000. Mr. Dalio is worth $17B and is telling you what Bitcoin is! Wake up kid!
"How would u have done shorting it? LOL." Why would you short something that you knew was being manipulated up????????????? Make some sense somewhere in this thread, man!
And you know what? I honestly hope it does work out for you. I am not here hoping your investment crashes and burns. If the Fed does decide to roll out their own blockchain (the FedCoin), I hope they say, "You know what, let's reimburse these people for the Bitcoin test run. Here's $10k (or $20k whatever you want) for your trouble."
Like Dalio said, you are holding the least technologically impressive blockchain. The oldest blockchain (along with Bitcoin Cash, which some believe is the true Bitcoin as mentioned earlier in thread). Where in modern technology has the oldest iteration of anything held up as the best version or the most accepted version?
You are about to be stuck using MS DOS when Windows 2020 is about to come out.
Sold my bag tonight
I am exiting this space thanks
$12k says hi. Best asset of 2020.
Also please quote your nonsense from a week ago of crypto going down when it was at like $8.9.
More deflection. To be expected.
You got actual cash money US $$$ from selling it? Not some USD Tether BS? Congrats.
You don't give a shit but you'll spam this thread with endless shill articles and absolutely no mention of the things I have posted, which an informed buyer would most certainly want to know.
Fine. I’ll do this tomorrow assuming you didn’t delete it.
I post news. People can read or not. I’ve said 1000x I do not care if anyone buys the best asset of our generation.
I can say with certainty that no one itt drove the price from $4k to $12k
Are you referring to me saying the US Dollar going up in value would be bad for cryptocurrency? Why would I delete that when it is 100% true? You are like the clowns on Twitter that expect the market to tank the exact day someone says they are going short. It is a mid-to-long-term view. You obviously do not know how this works, which is exactly why their Bitcoin propaganda works on you so easily.
Some people have been short Tesla for years and are still short and will still be short at this time next year. The protagonist in the movie The Big Short was short for years. How about you read something worthwhile instead of clear propaganda? You have been reduced to a copy/paste automaton working for these turds.
I'm assuming this is what you mean:
How is the stock market tanking and the US Dollar skyrocketing good for crypto? You cannot buy jack nor shit with crypto right now. If people need money to spend, they are not fleeing to crypto. If someone with a lot of money gets margin-called, they are not liquidating their stocks/gold/silver before they liquidate any crypto they have. Just look at the March crash in the market and overlay the Bitcoin chart with it.
Bitcoin crashed what, 60-70% in March? Holy fuck, that is a lot! How much did the stock market crash? Half that?
Everything I say and link to is based on real data, historical data. Most of what you post is pure FOMO buffoonery.
Just curious why do you ask this surprisingly?
He’s a moron. Every exchange will trade for cash.
best asset of the year by far.
hurrrr durrrr tether. You have to be stupid to not have at least 1% of your portfolio in this right now.
I won't say anything right now.
Just gonna keep my mouth shut on this one. What has been said has been said in this thread.
I wasn't going to say anything, but just so it's understood how quickly you can be made a clown in this market that trades 24/7. Trades while you sleep. Loses 10% of its value in a literal instant while you aren't looking. Jesus some crypto lost 25% of its value in a flash. You're a good guy, user15000.
There will be more pumping and dumping to come. That is, after all, the hallmark of a ponzi scam.
Lol. I rode down to like $4k. It’s funny you think I even blink at 12 to 11.
But you're buying more right now, right? Right???
I bought $11k worth at $11k like 2 days ago. So yes.
I know Dalio's position. Buffett calls it rat poison. Meanwhile, Paul Tudor Jones wrote a 10 page investment thesis on it, and i could list 10+ other macro investors who hold it. To act like it's some fringe asset that no reputable investors hold is silly. It has literally performed better than any other asset class during these 2020 shenanigans. Better than gold. Better than the S&P. Better than the Nasdaq.
"FedCoin" changes nothing nor does any other central bank cryptocurrency. As long as they have the ability to print as much as they want, which they will inevitably do, then a fedcoin is identical to the current system.
The technology argument misses the point. And you could easily test your hypothesis on that since, ya know, there are apparently tons of "better" cryptos than bitcoin per you. Why don't those have a higher market cap? When it comes to money, there is a massive first mover advantage and network effect that comes with being first. BTC is also by far the most secure of any of them. I am not about to be "stuck" with anything. If btc is MS DOS, then why hasn't it already failed?
Yes that is the post I was referring to. July 24th you're giving some warning about the environment being "bad" for crypto. The price was like $9.5k. 3 days later it pushes well past $11k.
The "i cant buy a cup of coffee with btc" argument is so played out, but i'll address it anyways. First, btc is more equivalent to gold 2.0. A settlement base layer that in the long-term is better suited for large settlements between parties. Second, there are lots of things being built on top of the btc base layer, most notably lightning, that can serve the payments functionality. Third, you can buy things with btc. Fourth, it's silly to expect that the nascent technology would already be widely adopted such that you could go buy a starbucks with it. You're basically sitting in 2020 wondering why it isn't 20 years later.
I'm not sure what your point is on the March crash. BTC dropped a bunch during a liquidity crisis, along with every other asset class. That is not remotely surprising, nor is it surprising that btc sold off more than other assets. It's a more liquid market, and i expect fund managers to sell btc before they sell other assets. It's also rebounded to a far greater extent than literally any other asset class. Not sure why you fail to mention that.
Finally, to say that everything you post is based on real historical data is hilarious. Your position is that the entire btc market (a $200 billion market that trades 24/7) is manipulated by ....???? And that all price action is fraudulent because reasons??? So when it goes up to $12k last night it's manipulation, but when it has a massive sell off to $10.5k that same night it's what exactly? And then it rebounds back above $11k and it's more manipulation i guess? Or there's maybe a simple answer. It's a market with supply and demand, and the asset is priced properly and does not have some unnamed shadow group of people controlling the price. I post news. People can read it or not. The fact that you think something like Lyn Alden's btc investment thesis is fomo buffoonery says plenty.
It's hilarious that you actually believe this.
Dollars are already digital.
A "fedcoin" is a digital dollar that the federal government still controls and can create as much as it wants whenever it wants. There is no difference fundamentally between a central bank digital currency and the current system. The hilarious thing is that you think there is.
And any "fedcoin" is incredibly bullish for btc. It normalizes digital currencies, pushes millions of people into the ecosystem, and should cause people to question whether they want to hold a "fedcoin" that can have its supply increased at any time by trillions (plus monitored by the government, censured, etc.) or a hard capped bitcoin.
Bro do you even think about the things that you write? Or are you simply regurgitating what someone on a Bitcoin media account wrote that you gobbled up without even thinking?
First of all, is there a difference between a central bank digital currency and BITCOIN if the central bank just copies the open source BITCOIN code off GitHub and calls it FedCoin? Now if the code is exactly the same as BITCOIN, is there a fundamental difference between a central bank digital currency and the current system?
How did you come into possession of your Bitcoin? How would you come into possession of more Bitcoin? If the Fed wanted to, they could create as much USD as they wanted and buy every single Bitcoin that hit the market. Then what is your Bitcoin worth when the Fed owns it all and throws it in the trash? (as an exercise, imagine that you could create something called a USD Tether, say that it was equivalent to $1, and buy some Bitcoin with it...wow)
And guess who owns the majority of crypto now? Is it you and all the other poor people that the elite just can't wait to rub elbows with at the lambo dealership? It's already over and you don't even know it.
The fact that you believe you and a ragtag bunch of heroes scattered around the globe glued to their devices can overthrow the people that control the planet is what is hilarious. They will pull your internet service if they have to (they won't have to) and then what are you going to do about it?