Is anyone else starting to become a bit worried? mod note in first post

This thread is gas. Keep it up 'concerned observers'. It's some craic watching most of you. Have to hand it to Kaymin, he's been in here debating before and is persistent at the least.

The rest who just popped in to have a stab when there was a crash - If you had have put a bit of money into the market over the weekend rather than a hape of bullshít into this thread, you'd already have seen far better returns for your time and effort.

Really, this is beautiful. I don't know what to F5 more - my portfolio or this thread.

lostboy75

lifeandtimes wrote: »

The history of the US Dollar

So in addition to no gold reserve it took roughly 85 years to mature. Bitcoin had existed for nine, and people say it hasn't gained traction, and so it's a failure.

Pintman Paddy Losty

I'm actually genuinely laughing out loud here at the delusion of some people here.

Totally dismissing the fact that Bitcoin and altcoins are useless as a currency purely from a volatility point of view.

Sleeper12

lostboy75 wrote:

So in addition to no gold reserve it took roughly 85 years to mature. Bitcoin had existed for nine, and people say it hasn't gained traction, and so it's a failure.

There was no us dollar until there was a USA. The US Dollar was always backed by gold until recently.

makeorbrake

No matter....it's been backed by Jack for years now!

Shauny2010

Deleted User wrote: »

This thread is gas. Keep it up 'concerned observers'. It's some craic watching most of you. Have to hand it to Kaymin, he's been in here debating before and is persistent at the least.

The rest who just popped in to have a stab when there was a crash - If you had have put a bit of money into the market over the weekend rather than a hape of bullshít into this thread, you'd already have seen far better returns for your time and effort.

Really, this is beautiful. I don't know what to F5 more - my portfolio or this thread.

Brilliant!

grindle

Pintman Paddy Losty wrote: »

I'm actually genuinely laughing out loud here at the delusion of some people here.

Totally dismissing the fact that Bitcoin and altcoins are useless as a currency purely from a volatility point of view.

You seem to be genuinely confused and thinking that every one of the 1500+ currencies on CMC are aiming to be BTC-replacements?

Are you that out of your depth?

lifeandtimes

Sleeper12 wrote: »

There was no us dollar until there was a USA. The US Dollar was always backed by gold until recently.

Now you're splitting hairs though.

The dollar as we know today was made prior to creation of the United States of America but evolved over the course of history.

The point is a system of currency existed without a backing of gold.

This doesn't just apply to the dollar but to all currencys in history, like rome or during the middle ages

JohnnyFlash

People with the same opinion as Pintman: Nobel prize winning economists, senior Management in most of the world’s leading financial institutions, and Warren Buffett.

People who disagree: dudes on Reddit and here going on about moon shots, hodl, imaginary partnerships, Utility coins, the Chinese New Year, Wall Street bonuses, lambo.

It’s all going to end in tears.

Shauny2010

At the end of the day this was another crash to add to the ever growing list of Bitcoin obituaries.
As the list grows, so does the anger of those who are willing it to fail. It really is a remarkable technology after all, nothing seems to kill it and what doesn't kill it always makes it stronger.
I can see a lot of the angry peeps here puking their guts out later on this year as Bitcoin retests the all time highs.

JohnnyFlash

Shauny2010 wrote: »

At the end of the day this was another crash to add to the ever growing list of Bitcoin obituaries.
As the list grows, so does the anger of those who are willing it to fail. It really is a remarkable technology after all, nothing seems to kill it and what doesn't kill it always makes it stronger.
I can see a lot of the angry peeps here puking their guts out later on this year as Bitcoin retests the all time highs.

What price have you bought in at?

Sleeper12

lifeandtimes wrote:

Now you're splitting hairs though.

No I'm not. Someone posted the history of the US Dollar & it was totally wrong. The US Dollar only came into existence when the US came into existence. Before that you had the British colonies. Any currency was backed by the Crown.

I'm not even saying that bitcoin is terrible. I've said many times before that there is still big money to be made on it (& lost). I'm just warning people that it has no real value right now. It can't even be used as currency as the fluctuations are so great. Right now investing in this is speculation. I did it with bank shares 10 years ago so I'm not against it. But people should look at it as gambling rather than investment for the moment.

I haven't bashed the currency. I don't wish it'll collapse. I don't want everyone to loose money so I can say told you so. All I'm trying to say is to be careful.

rapul

Pintman Paddy Losty wrote: »

I'm actually genuinely laughing out loud here at the delusion of some people here.

Totally dismissing the fact that Bitcoin and altcoins are useless as a currency purely from a volatility point of view.

And you are aware we are all laughing at you because were making money off these useless currencies? This thread is a sham and you are all just sad at this stage ,I'm up a few grand today alone ,having a nice few drinks 2nite cheers fools!

Pintman Paddy Losty

rapul wrote: »

And you are aware we are all laughing at you because were making money off these useless currencies? This thread is a sham and you are all just sad at this stage ,I'm up a few grand today alone ,having a nice few drinks 2nite cheers fools!

No one is saying there isn't money to be made in volatile pyramid schemes amigo. It's just delusional to see it as anything but a massive ponzi scheme.

lifeandtimes

JohnnyFlash wrote: »

People with the same opinion as Pintman: Nobel prize winning economists, senior Management in most of the world’s leading financial institutions, and Warren Buffett.

People who disagree: dudes on Reddit and here going on about moon shots, hodl, imaginary partnerships, Utility coins, the Chinese New Year, Wall Street bonuses, lambo.

It’s all going to end in tears.

Your apathy and disdain is what is hilarious, do you actually work for a bank?

People have been trying to create an electronic cash system since the 90s.

The cypherpunks tried to grow it based on cryptography and it was due to wanting privacy, earliest known was digi cash and by David chaum.

Everyone wants privacy and to be anonymous and not because they want to use it for "kiddie porn" and the "black market" as someone said earlier but because people want to be able to do things like be informed and to buy what they want without having someone look over your shoulder

Everyone you reference have no experience in a movement like this, it's new and revoluntionary.

rapul

Come back in a few years when were all miles ahead financially because we saw the great work some of these projects have going and still will bring in the future ,once again your all just clearly sore loosers and want to vent ,this fine bottle of Jameson tastes very good gents

Pintman Paddy Losty

lifeandtimes wrote: »

Your apathy and disdain is what is hilarious, do you actually work for a bank?

People have been trying to create an electronic cash system since the 90s.

The cypherpunks tried to grow it based on cryptography and it was due to wanting privacy, earliest known was digi cash and by David chaum.

Everyone wants privacy and to be anonymous and not because they want to use it for "kiddie porn" and the "black market" as someone said earlier but because people want to be able to do things like be informed and to buy what they want without having someone look over your shoulder

Everyone you reference have no experience in a movement like this, it's new and revoluntionary.

This time it's different.

rapul

You can't say that ,you know nothing really when it comes down to it

lifeandtimes

Pintman Paddy Losty wrote: »

No one is saying there isn't money to be made in volatile pyramid schemes amigo. It's just delusional to see it as anything but a massive ponzi scheme.

It's not a pyramid or ponzi scheme .

You don't put your money in to give the people who create bitcoin or ethereum at the top cash and them they trickle down to the lower people.

You put your money in and if it goes up you benifit and can cash out when you want and if it goes down you can cash out when you want.

Early investers benifit most yes but that's the same everywhere.

I'm actually getting fed up arguing here. It's like beating your head against a wall.

The people here are just loving to spread to FUD and are getting a kick out of it

lifeandtimes

Pintman Paddy Losty wrote: »

This time it's different.

No...its a different time!

JohnnyFlash

lifeandtimes wrote: »

Your apathy and disdain is what is hilarious, do you actually work for a bank?

People have been trying to create an electronic cash system since the 90s.

The cypherpunks tried to grow it based on cryptography and it was due to wanting privacy, earliest known was digi cash and by David chaum.

Everyone wants privacy and to be anonymous and not because they want to use it for "kiddie porn" and the "black market" as someone said earlier but because people want to be able to do things like be informed and to buy what they want without having someone look over your shoulder

Everyone you reference have no experience in a movement like this, it's new and revoluntionary.

Bitcoin is terrible for privacy.

https://bitcoin.org/en/faq#is-bitcoin-anonymous


Bitcoin is designed to allow its users to send and receive payments with an acceptable level of privacy as well as any other form of money. However, Bitcoin is not anonymous and cannot offer the same level of privacy as cash.

rapul

@lifeandtimes ,it's so sad really your bang on ,no talking to them ,the sky is blue no it's not, the grass is green no it's not. They all apparently seem to have a huge insight into all this that we don't somehow ,it's truly laughable how narrow minded they all are

lifeandtimes

JohnnyFlash wrote: »

Bitcoin is terrible for privacy.

https://bitcoin.org/en/faq#is-bitcoin-anonymous


Bitcoin is designed to allow its users to send and receive payments with an acceptable level of privacy as well as any other form of money. However, Bitcoin is not anonymous and cannot offer the same level of privacy as cash.

Bitcoin is annon, you get a wallet address and that's it.

But you try and buy some Japanese camera in japan with just cash. Good luck with your flights, accommodation, yen exchange fees and spending money.

Where as I'll buy a camera directly through crypto just for the price it is.

lifeandtimes

rapul wrote: »

@lifeandtimes ,it's so sad really your bang on ,no talking to them ,the sky is blue no it's not, the grass is green no it's not. They all apparently seem to have a huge insight into all this that we don't somehow ,it's truly laughable how narrow minded they all are

I know, they were trying to tell us they were trying to help us but really it's just to annoy us.

However they have their faith in fiat and if the government ever fuc up like Zimbabwe did they'll have not to fall back on...unlike us

JohnnyFlash

The best measure of any bubble is absurdity.

If the last few posts are anything to go by then it’s going to pop.

sabat

Shauny2010 wrote: »

At the end of the day this was another crash to add to the ever growing list of Bitcoin obituaries.
As the list grows, so does the anger of those who are willing it to fail. It really is a remarkable technology after all, nothing seems to kill it and what doesn't kill it always makes it stronger.
I can see a lot of the angry peeps here puking their guts out later on this year as Bitcoin retests the all time highs.

Hundreds of billions in real money has been lost this time. That's just not coming back.

GreeBo

I really wish everyone would just add a couple of people to their ignore list so this thread can stop going around in circles.

lostboy75

Pintman Paddy Losty wrote: »

No one is saying there isn't money to be made in volatile pyramid schemes amigo. It's just delusional to see it as anything but a massive ponzi scheme.

So the CFTC and SEC hearings that (for now at least) are coming out broadly supportive of crypto and blockchain technology doesn't dent your ponzi, ponzi, ponzi narrative even a little?

lifeandtimes

lifeandtimes wrote: »

Where as I'll buy a camera directly through crypto just for the price it is.

Have you actually bought anything with it?

lostboy75

[Deleted User] wrote: »

Have you actually bought anything with it?

I bought a pizza once for 10,000 BTC
In hind sight that may have been a bad idea, but it was tasty at the time