Originally Posted by DVTimes (Post 23012326)

Crypto coins have zero value and are reduced even more in the fact we cn all set up a new coin each day.

They became a pyramid scheme, on the basis you are told, by them and people will trade. But most people do not trade as they hold them hoping others will trade (buy things) while they hope they raise in price.

Pyramid schemes work in the same way. They have often a bogus product that makes them look legit. Then you blag people into getting rich quick.

If you get in early, and sell when things are high, you may make money.

But for the bulk of people, they will buy high and hold on, then the coins crash and never go back.

It is not that cripto has no use, but the problem is people connect it to real money.

The con comes as people tell you rubbish about how you should ignore people saying bad things about it, as its a coin outside world government's and gives you control and so on. Guess what, you hear the same arguments with pyramid schemes (almost word for word).

In practical terms, these coins are not used by many to buy and sell. And why would you? Who would sell a house in such coins when tomorrow your coins may be worth 0 or a zillion.

The reason the dollar is used by not just the USA but a few other countries, is because its stable.

Now crypto coins can have a place as long as you do not see it as a value connected to real money. For instance in a VR world, trading in a crypto coin may work. But the moment you connect it to real money, it becomes something people want to try to make a fast buck with, and as such everyone buys, and just holds on to it.

With bitcoin and others, the chances are it will die. It is possible it becomes worth less than $0.

The bitcoin is close to a point where investors will sell hoping to get any profit or at least not loose too much.

As it goes down, people will not even try to sell, as it will be worth so little, that they know they may at most get a few bucks.

However, who would give you money for bitcoins anyway? Unless your stupid, no one is going to pay out money for worthless bitcoins. So many firms will probably stop trading.

Of curse people will also hope bitcoin and others recover. This will be unlikely (though possible), as people will not risk investing huge money into such coins. You may have a few who invest $5 for fun, and even then, would sell if the coins rose in value.

However, the chance of a recovery are low.

One suspects the bitcoin will bounce around the $20,000 mark for a bit, and then crash as people do not see a recovery. And then people will panic sell.

Its once bitcoin goes to the $19,000 mark is presumably the end, when people fear and everything goes freefall.

Originally Posted by Retiree (Post 23012371)

If history taught us anything, it is the fact that every crypto "crash" only lead to new crypto highs.

Originally Posted by Biggie Smalls Web Writing (Post 23012375)

:1orglaugh:1orglaugh I hope you pasted this from somewhere. Its fucking sad if you actually took some time to write this crap

Originally Posted by jscott (Post 23012376)

He is a master copy/paster :1orglaugh

Originally Posted by jscott (Post 23012320)

I feel its a moral obligation for us, humanity as a whole to help the most fair money/asset every created become a success

Originally Posted by Biggie Smalls Web Writing (Post 23012378)

:thumbsup:thumbsup

Originally Posted by adultchatpay (Post 23012575)

BTC at $19k now. It fought hard to stay above $20k but this is going crazy.

Originally Posted by jscott (Post 23012365)

^^ this is proof that we lack education. It'll be a long & tough road ahead but it will come, slowly but surely. Many can't even understand what a ponzi or pyramid is, you need a central control, and we all know Bitcoin doesn't have that, as it's a decentralized network.

But thankfully it's easy to tell who's the dumb ones and who's not, for instance those who scream "Ponzi", "tulips", or "Pyramid" they're catchy phrases that surely turn people away, but a few minutes research will show they're liars or uneducated.

Originally Posted by dvtimes (Post 23012601)

Originally Posted by dvtimes (Post 23012601)

those involved will say i am stupid and not educated and do not know how things work.

Originally Posted by jscott (Post 23012602)

:)


Well you are uneducated and you proved you don't know how things work. You proved you don't understand basic terms like some keywords you mentioned earlier. You make the same mistake over and over (usually this is considered "stupid" or suffering from Ego Effect).

Not trying to insult you man, but your general narrative of "dont buy bitcoin because it'll crash" just hasn't worked for you in the long term. You'll have some months of pampering your "ego (effect)" but eventually it'll crash up higher than before (maybe in years), then you'll disappear on this topic, as usual, until the next crash down to $50k, and it goes on like this forever.

As for telling people "it's a good time to invest" in anything, there are rules of thumb:
1. do you believe the asset will exist in the time span that you plan on buying/holding it for?
2. do you have patience to hold that long?
3. buying lower is better than buying higher
4. make up your own decisions

If you really believe math & Bitcoin will not exist in the future, you should lay out your theory, enlighten us with your own words (not copy/pasting, no FUD youtubes, no lying like you usually do)
I'm trying to initiate a good pro/anti Bitcoin discussion with you, about real economics or technicals, and you refuse to engage. Quit being a ppppsssssyyy.

Originally Posted by jscott (Post 23012602)

:)


Well you are uneducated and you proved you don't know how things work. You proved you don't understand basic terms like some keywords you mentioned earlier. You make the same mistake over and over (usually this is considered "stupid" or suffering from Ego Effect).

Not trying to insult you man, but your general narrative of "dont buy bitcoin because it'll crash" just hasn't worked for you in the long term. You'll have some months of pampering your "ego (effect)" but eventually it'll crash up higher than before (maybe in years), then you'll disappear on this topic, as usual, until the next crash down to $50k, and it goes on like this forever.

As for telling people "it's a good time to invest" in anything, there are rules of thumb:
1. do you believe the asset will exist in the time span that you plan on buying/holding it for?
2. do you have patience to hold that long?
3. buying lower is better than buying higher
4. make up your own decisions

If you really believe math & Bitcoin will not exist in the future, you should lay out your theory, enlighten us with your own words (not copy/pasting, no FUD youtubes, no lying like you usually do)
I'm trying to initiate a good pro/anti Bitcoin discussion with you, about real economics or technicals, and you refuse to engage. Quit being a ppppsssssyyy.

Originally Posted by Sergio (Post 23012657)

The point is that stocks also going down, even google. All going down. But this is normal time to buy!

Originally Posted by Biggie Smalls Web Writing (Post 23012656)

I admire you trying to have conversation with DVTimes

Originally Posted by JesseQuinn (Post 23012723)

:1orglaugh:1orglaugh


true say. I think one would have a more constructive convo with my bananas. at least they wouldn't parrot random yt vids to fit a pre-existing mindset

speaking of which...as to the long term success of BTC as a viable means of global commercial exchange? who knows

it's not stupid to admit we don't know everything. my bananas agree

stick to your creepy vids DV. and go back on your meds

Originally Posted by adultchatpay (Post 23013158)

back to $20k now

Originally Posted by Biggie Smalls Web Writing (Post 23012717)

Stocks are down but its going to be much worse, so buying it now makes no sense

Originally Posted by Biggie Smalls Web Writing (Post 23012717)

Stocks are down but its going to be much worse, so buying it now makes no sense

Originally Posted by k0nr4d (Post 23013216)

Yeah but you have to be incredibly lucky to buy at the very bottom. IMHO that 17k was the bottom for this cycle.

Originally Posted by DVTimes (Post 23013784)

Originally Posted by k0nr4d (Post 23013940)

Look at this post and hte one before it. You could have made $600 in the 10 minutes instead of posting this :1orglaugh