cryptocurrency

[HippoNipple]

Originally Posted by White_knight [You must be logged in to view images. Log in or Register.]

U know something sucked when overnight people were shamed by their investment decisions in bitcoin when it crashed - I was so happy.

Didn't have to listen to 2-bit investors like Jibeken talking about lambos and houses after 2 months of owning/mining .005 of a bitcoin.

The defeaning silence was great and the shame associated with investing in bitcoin was even better great.

BTC has been around for 7 years and it was only higher than it is now for 6 months. There were definitely a lot of people scammed at the high that don't understand investing and got too emotional though. There are still people talking about BTC and nerds hoping to get rich off of it just like there has been for years. Maybe the hype on the project1999 boards has died down though.

[DinoTriz2]

"BiTcOin SuCks!"

meanwhile...

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[Dwarflord]

If the coins have no value, and the japanese guy can issue 5 million more then the coin cap will go up XXX

its a simple system where he wins and you lose. Its similar to a company issuing more shares and watering down peoples positions, the only people who truly won with bitcoin are power companies and the people that were smart enough to make bitcoin mining machines.

[DinoTriz2]

Originally Posted by Dwarflord [You must be logged in to view images. Log in or Register.]

If the coins have no value, and the japanese guy can issue 5 million more then the coin cap will go up XXX

its a simple system where he wins and you lose. Its similar to a company issuing more shares and watering down peoples positions, the only people who truly won with bitcoin are power companies and the people that were smart enough to make bitcoin mining machines.

You really should read up on how crypto works, my guy.

[HippoNipple]

Well it definitely isn't stable, I don't know what you mean by it has no position. You could go exchange your bitcoin for USD right now so the no value comment makes 0 sense.

[DinoTriz2]

Originally Posted by HippoNipple [You must be logged in to view images. Log in or Register.]

Well it definitely isn't stable, I don't know what you mean by it has no position. You could go exchange your bitcoin for USD right now so the no value comment makes 0 sense.

Exactly.

It absolutely has a value, about $8000 right now.

[Dwarflord]

Originally Posted by HippoNipple [You must be logged in to view images. Log in or Register.]

Well it definitely isn't stable, I don't know what you mean by it has no position. You could go exchange your bitcoin for USD right now so the no value comment makes 0 sense.

the only way to exchange it is to use an unregulated third party site where you are extremely open to scams and predators, there is no insurance or security of any kind and whatever happens all you can do if you get ripped off is cry online.

If you keep your coins in an exchange chances are they will steal them, almost everyone who got in early got fucked over lol.

The blockchain does not exist because MR Japanese guy is the only one who can adjust it, you dont seem to get that no one can see the blockchain so its smoke and mirrors for children.

Gullable children

Poor children.

[HippoNipple]

Originally Posted by Dwarflord [You must be logged in to view images. Log in or Register.]

the only way to exchange it is to use an unregulated third party site where you are extremely open to scams and predators, there is no insurance or security of any kind and whatever happens all you can do if you get ripped off is cry online.

If you keep your coins in an exchange chances are they will steal them, almost everyone who got in early got fucked over lol.

The blockchain does not exist because MR Japanese guy is the only one who can adjust it, you dont seem to get that no one can see the blockchain so its smoke and mirrors for children.

Gullable children

Poor children.

Nothing you said is correct. "Mr Japanese guy" doesn't adjust anything. I guess you have a conspiracy theory about blockchain technology itself, not the currencies that use it. That is a different argument concerning a topic I can't imagine you grasping and would hate to have with you.

Your comment about people stealing your coins is not true. You have nothing to back that up and it isn't even a valid opinion, it is just wrong . Almost everyone that got in early got fucked over? Everyone that got in early is rich as hell, which is why people are still sucked in today hoping that it could some how happen again.

The biggest risk with losing your coins by someone stealing it is someone hacking your computer and stealing your passwords much like they would a regular bank. The difference is you wouldn't have the government bailing you out or prosecuting the thief. That risk is true and it is most likely the owners fault, also very rare.

I understand you aren't interested in it but why have such a strong opinion with 0 knowledge on it? If you really care that much to have such a strong opinion at least read something about it instead of just making stuff up and writing about it.

[HippoNipple]

Also a company can sell their shares of a company or do stock splits, which gives more shares to all shareholders, but it is obvious you have no comprehension of how anything financial works. Also the whole point of btc is that it is a finite currency and more cant be created. The use of the blockchain technology makes sure there is no manipulation. Still a made up currency but most of what you say is completely wrong.

[White_knight]

Everything has value to someone.

"One man's trash is another mans treasure ."

Bitcoin is trash to me personally as I am a firm believer in stead, low risk ventures. Bitcoin represents irrational, highstakes gambling.

In the 7-8 years bitcoin had been around and lots of people lost their money in it...I've probably passively increased my profile by 200k ontop of what I have going slow and steady.