Why Bitcoin is a Scam
 

In a little more than 10 years, Bitcoin has become a ubiquitous part of everyday life, and the community around Bitcoin (and other cryptocurrencies) has grown exponentially. People have gotten rich off Bitcoin, you’re told; put money in it, and you’ll get rich too. But it’s all a lie. Doug Henwood, author of Wall Street, explains.

See also: https://gfy.com/fucking-around-and-b...ash-begun.html

DVTimes is a scam.

1. you copy/paste same content into newly created threads or into your own threads

2. you spread FUD, lies & misinformation

3. you spam your vids that push your narratives and can't even comment on a single point, property or comment that was talked about. Did you watch the video you just posted? it's full of lies and bullshit.

Not sure if he's trolling or uneducated

I think it's both because he never engages in discussion about the content he posts.

Does GFY still have awards? maybe he's going for TOTY? :disgust

So far he is leading in that category :winkwink:

The people behind Bitcoin (i.e. the developers) have never said it's an investment or marketed it as such. It just happens to be the case that it has been an incredible investment for long term holders.

so suddenly it goes down and we are all unhappy with it.

You are an idiot. ha ha ha ha ha ha ha ha ha ha ha ha

:1orglaugh:1orglaugh:1orglaugh:1orglaugh

There wouldn't be any point because he's like this every year.

Lol it's like when that old dinosaur Charlie Munger calls bitcoin "stupid and evil" just cause his old ass doesn't get it.

Both :2 cents:

I still find it funny that DVTimes says he hates Bitcoin and it's a scam, yet he admits to creating a wallet to receive Bitcoin before.

Creating a Bitcoin wallet and transacting with Bitcoin is a show of support.

Just sayin ;)

agreed! Bitcoin is a scam

You're scamming yourself if you truly believe math or string of numbers is a scam :upsidedow

I stated I got bit coins sent to me ages ago.

And?

I have never done anything with them.


But bitcoin is a scam now. Its a scam as its the same as a pyramid scheme, in the sense that for you to make money, you have to get as many suckers buy (and not sell) in order for you to make a profit (as long as you purchased low).

Its why those involved with bitcoin tell you its great and you will get rich and everyone is stupid and do not understand. You know, the same words people use in pyramid schemes.

Look. If you want to buy bitcoin or any other electric coin, feel free. Buy cheap, then sell if it rises. If your lucky you may make a profit.

But most people are greedy in such scams, and never sell. In truth those who said buy, should now be millionaires and no time to post on gfy.com. So one suspects they bought cheap and were too thick to sell when the coin rose and now are stuck hoping it will rise, or purchased high and now seen the value gone.

Look matey, you purchased into a scam. You may make money, or you may loose it. But I would not be giving out advise for people to buy, as if they do and they loose money, are you going to refund them?

As I say, its your cash. If you want to invest in a quick rich scheme, then feel free.

But one thing is clear. Bitcoin is no longer for buying and selling. Most people who get bitcoin, will keep hold, hoping to get rich.

By the way.

I am an idiot you say.

When I have peed my money away on something with no value, then you can call me a an idiot.

but I guess you are all rich from bitcoin? Or, is it your sat on your bitcoin, after purchasing high, seeing bitcoin drop to nothing. Oh, its not gone back up has it like some of you said it would.

It's a savings technology. When you "save" for your future, do you look at its value on the day-to-day? No, you shouldn't have to.

I don't know if you're an idiot person, but voicing your uneducated opinion on Bitcoin you definitely come across as idiotic and that's not meant as insult, it's just matter of fact.

Bitcoiners goal is not to get rich, it's to preserve wealth or retain/improve purchasing power, you will never get that with holding fiat for long term.

I think your problems are you're a short term thinker and a fiat maximalist. You're definitely not an investor or caring of the future.

https://i.imgur.com/YytXaJx.jpg

Fucking yawn.

Up.amd down all the time.it won't crash

Long term thinkers... Bitcoiners, ppl who don't panic, and chill, bcos we trust math and long term existence of BTC

vs.

Short term thinkers, those who value dollars, fiat, and trust in their gov/central banks to not devalue/inflate their currency too badly.

going up now

Today's lesson. Some are very touchy about Bitcoin.

They have BDS (Bitcoin deranged syndrome) :1orglaugh

:1orglaugh:1orglaugh:1orglaugh

Seems more restrictions for BTC will make price go down

AdultForce pays in BitCoin! An easy way to automatically invest when the market is up or down.

I will just leave it in my wallet for about ten years.

Where has DVTimes been last few days, he hasn't posted his charts, I wonder if he's ok :1orglaugh

he lost the internet :1orglaugh:1orglaugh

lol right

he'll be back when BTC drops to $20k
then we'll hit $50k
and he'll be back when drop to $30k
then we'll hit $100k
on and on

Wow.. Bubbles from Trailer Park Boys has come a long way :thumbsup

:2 cents:

The system is highly secure. Some may be susceptible to hacking or scam, as they cannot safeguard your money.

Bitcoin has never been hacked, but you're right, people need to smarten up and quit allowing themselves to get scammed (usually greed is what leads them into getting scammed)

Look at all those people who were lending on Celsius/Blockfi/etc at 20% APY, most of us know that is way too high % to be low risk. It's high yield because it's HIGH risk.

buying bit coin is investing in nothing

Name another decentralized peer-to-peer savings & payments technology with 100% uptime & never been hacked. Oh you can't :pimp

Holding cash is investing in nothing, actually, you lose 10-100% per year, depending on which country with irresponsible spending/printing you are from.

Got to be a complete idiot to believe math is worthless, knowledge is worthless, ideas are worthless - worthless because can't hold them in your hand? old school failure mentality :Oh crap

PPL who are anti-bitcoin:
Poor PPL.
That's all.