Reply to: The Official "Cryptocurrency" DOOM™ thread

[FrontEnder]

Blah blah blah stuff this and that.... sure put my replies here, at least that way people will find all the information in one place. The information which you clearly think I do not understand or somehow I did not do my research. Not to break your bubble but I know maths pretty F*** well, not only that but when you plant magic beans then suddenly thousand appear appear you have to be pretty damn thick not to think, wait WTF, I just made 900% profit, that can't be right.

True not all my posts make sense, as I follow through from previous posts, but no one on the pro-crypto thread has actually managed to give me concrete answers or arguments. I provide facts and figures which backup what I say and all you do is tell me how "I suck" , without any reasons except for not jumping on the train and paying you for your coins. You essentially are having a go at me because I don't want to pay you $8000 a BTC when you paid $1000 for it. Because you somehow think that BTC has the same value as physical items or general investments, like property, because land does indeed grow on trees where BTC is only limited to 21 mill BTCs and will never make any more? Or investing in a company which actually produces stuff, gives jobs to people and provide services to others whilst growing and expanding... WTF do I know.

Show me one post where I've personally insulted you like that.

People have given you plenty of concrete answeres and arguments. You shoose to ignore them, come up with your own argument of what people are saying and try to debunk them too. A classic straw man tactic...

[Drei]

Can we put all of Drei's posts here please.

Thanks

Blah blah blah stuff this and that.... sure put my replies here, at least that way people will find all the information in one place. The information which you clearly think I do not understand or somehow I did not do my research. Not to break your bubble but I know maths pretty F*** well, not only that but when you plant magic beans then suddenly thousand appear appear you have to be pretty damn thick not to think, wait WTF, I just made 900% profit, that can't be right.

True not all my posts make sense, as I follow through from previous posts, but no one on the pro-crypto thread has actually managed to give me concrete answers or arguments. I provide facts and figures which backup what I say and all you do is tell me how "I suck", without any reasons except for not jumping on the train and paying you for your coins. You essentially are having a go at me because I don't want to pay you $8000 a BTC when you paid $1000 for it. Because you somehow think that BTC has the same value as physical items or general investments, like property, because land does indeed grow on trees where BTC is only limited to 21 mill BTCs and will never make any more? Or investing in a company which actually produces stuff, gives jobs to people and provide services to others whilst growing and expanding... WTF do I know.

[TheGreenBastard]

"JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.”"

https://www.bloomberg.com/news/artic...-fraud-bitcoin

Drop a line to him on Twitter

This thread just comes across as you being misinformed and insecure.

Why put all this energy into it?

[greenlake]

Add more "Cryptocurrency" DOOM™ posts here, the best ones will get official "Cryptocurrency" DOOM™ coins when they are ready!

They're ready....

[Lance]

Can we put all of Drei's dribblings here please.

Thanks

FTFY

[AtW]

They invested money into the price movement of bitcoin - after manipulating the price. Doesn't matter how you dress it up - shares, ETFs, 'paper' whatever. They jumped in on the train (after getting the entry price they wanted).

"JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.”"

https://www.bloomberg.com/news/artic...-fraud-bitcoin

Drop a line to him on Twitter

[Jog On]

Shares are not bitcoins, ok?

Buying bit"coins" means you got nothing, buying shares gets you a fair few rights, including putting execs to jail if necessary.

They invested money into the price movement of bitcoin - after manipulating the price. Doesn't matter how you dress it up - shares, ETFs, 'paper' whatever. They jumped in on the train (after getting the entry price they wanted).

[AtW]

From the prospectus of the ETF that JPM deals:

Shares are not bitcoins, ok?

Buying bit"coins" means you got nothing, buying shares gets you a fair few rights, including putting execs to jail if necessary.

[TheGreenBastard]

But they did not buy bit"coin", did they? They bought shares.

NEXT!!!

From the prospectus of the ETF that JPM deals:

XBT Provider do not have any market risk. The company always hold bitcoins equivalent to the value of ETNs issued.

[Hobosapien]

But they did not buy bit"coin", did they? They bought shares.

NEXT!!!

Like those buying gold/PM ETFs from companies with no physical stuff, as they'll never need to produce it to the share holder.

Some scams are so good they repeat them in every variation they can find, and the gullible keep on buying.

[AtW]

Are they trying to crash it so they can buy the dip as well? That's so last month...

But they did not buy bit"coin", did they? They bought shares.

NEXT!!!

[FrontEnder]

Can we put all of Drei's posts here please.

Thanks

[SunnyInHades]

With Bitcoin..

a) Low fee stalling - seller not paid

"A sender could send a transaction with a deliberately low fee, in the hope it would never be confirmed"
"Transactions that stay unconfirmed for multiple days are generally rejected and funds returned to the sender. However they may also confirm, meaning the trick does not guarantee results — but some may choose to take the gamble."
"Frequent critics of the 1MB transaction block limit, such as entrepreneur Roger Ver, point to the likelihood of transactions being “stuck” in limbo as the bitcoin price increases."

b) RBF (replace-by-fee) scamming - seller not paid

"RBF allows a user to change the transaction fee after sending but before a confirmation, to increase its chances of miners confirming it sooner."
An RBF scammer would first send one transaction with no or a very low fee.
Then, he would send the same transaction to another address with a higher fee. Miners would confirm the larger-fee transaction, thus invalidating the initial one — and its recipient would lose the funds."

[Jog On]

Are they trying to crash it so they can buy the dip as well? That's so last month...

On Sept. 22, JPMorgan Chase & Co.
JPM CEO Jamie Dimon doubled down on his anti-bitcoin rhetoric, but JPMorgan has actually been buying bitcoin on the September dip.

[AtW]

"Wolf of Wall Street: cryptocurrency ICOs are 'the biggest scam ever'

Jordan Belfort -- the real-life Wolf of Wall Street -- has warned that ICOs (or "token sales" or "coin sales") are "the biggest scam ever" and will "blow up in so many people's faces."

The former stockbroker, who spent nearly two years in prison for fraud and financial scams, says that the Initial Coin Offerings used to raise money for cryptocurrencies are "far worse than anything I was ever doing." His fears seem to stem from the way ICOs differ from the more traditional IPO."

https://betanews.com/2017/10/23/icos-are-a-scam/