It's Happening! Rich People Pouring Into Bitcoin Like I Predicted... Bitcoin at 30K!

01-02-2021, 08:04 AM

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#31

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Originally Posted By PimpMasterC⏩

lol @ supporting a scam. Bitcoin is a scam, is not an opinion, it is a fact. So many people are getting fooledby the scam its ubeliaveable. You´re all fukkin stupid goblins. All of you

Bitcoin is a symptom of clown world. It will go from 600 billion to ZERO. It will be worthless because it is a scam. Having a supply cap without usecases is the definition of a scam.

By your definition Gold is a scam. It's only used as a store of value, and jew-ellery/aesthetics. (Why the phuck is jew-ellery censored? White Nationalists?)

Bitcoin is used now as a store of value, speculative investment, and for payments (though that is the minority use).

I like you criticisms of Bitcoin, and I agree with most of them. I believe that Bitcoin is garbage tech compared to other cryptocurrencies, however IMO over the next couple of years IMO it will make people rich.

I believe that Ethereum will stick around longer than Bitcoin, and will one day be worth as much as Bitcoin. Because Ethereum is a distributed smart contract network - which people build DApps on - as well as a cryptocurrency.

Polkadot too looks like it will possibly be there alongside Ethereum.

01-02-2021, 08:26 AM

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#32

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Bitcoin is a scam to get the Middle Class to invest money, when it crashes they lose everything.

The rich will then stay rich.

01-02-2021, 08:27 AM

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#33

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I’d say tangible assets like precious metals are better investments and I have some (very little some, mind you) crypto. I hope it goes to the moon and makes you all rich. Just don’t go broke doing it. But that’s the same for any investment.

01-02-2021, 08:39 AM

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#34

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Originally Posted By Wh1teDyn0mite⏩

Bitcoin is a scam to get the Middle Class to invest money, when it crashes they lose everything.

The rich will then stay rich.

Institutional money is investing, they will lose money if it crashes. They have skin in the game now.

I'm not saying they won't get bailed out some way like in 07/08 if there is a market meltdown, but they do have skin in the game.

01-02-2021, 08:42 AM

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#35

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Originally Posted By BetaAsPhuck⏩

Institutional money is investing, they will lose money if it crashes. They have skin in the game now.

I'm not saying they won't get bailed out some way like in 07/08 if there is a market meltdown, but they do have skin in the game.

So, they are fueling the scam further. Recruiting more people to participate in the scam like a pyramid scheme. Having a supply cap in crypto is a scam, period. It shouldn´t even be debateable.

“A robust structure needs little to no reinforcement. A weak structure needs constant reinforcement to be kept alive.”

New technology creates new opportunities. With blockchain technology arise cryptocurrencies. Currencies which can be truly decentralized. However, creating a long-lasting decentralized network is far from easy, as there are forces at play working against it. When we choose a new currency, it would be wise to choose one that is sustainable over the long term, if not, we risk having to depart from it, and start all over again. Therefore, it´s important to deeply think about which currencies we should choose to invest our energy in. What properties should a future proof sustainable currency have?

Humans have long lusted after scarce things, such as gold or big diamonds. None of those have a supply cap, however.
There can only be 21 million BTC, unless a hard fork that changes that is widely supported.
Scarcity is often claimed to be a good thing, but is it really? A scarce asset will naturally be more difficult to mass adopt, because there is less to go around. A cryptocurrency should ideally be adopted as much as possible to support a long-lasting ecosystem and a good coin distribution.

If we assume the universe, consciousness or existence is infinite, is it really a good idea to artificially create an asset with a supply cap?

01-02-2021, 08:52 AM

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#36

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Originally Posted By PimpMasterC⏩

New technology creates new opportunities. With blockchain technology arise cryptocurrencies. Currencies which can be truly decentralized. However, creating a long-lasting decentralized network is far from easy, as there are forces at play working against it. When we choose a new currency, it would be wise to choose one that is sustainable over the long term, if not, we risk having to depart from it, and start all over again. Therefore, it´s important to deeply think about which currencies we should choose to invest our energy in. What properties should a future proof sustainable currency have?

I don't believe that Bitcoin is a good as a currency, I believe it's garbage as a currency actually.

Only thing I support about Bitcoin is the average person making money during this bullrun.

Humans have long lusted after scarce things, such as gold or big diamonds. None of those have a supply cap, however.

A supply cap is just a form of scarcity.

Gold is scarce naturally, and Diamonds are scarce artificially (the De Beers corporation intentionally suppresses supply).

Scarcity is often claimed to be a good thing, but is it really? A scarce asset will naturally be more difficult to mass adopt, because there is less to go around.

Cryptocurrencies are broken into fractions of the unit.

The percentage of the supply is the issues, and that is also an issue for fiat currency. The 1% owns the majority of fiat currency in existence.

Only way to really have a truly economically distributed cryptocurrency is if we average Joes buy in when it's at a low market cap. We failed that, to be honest. Maybe an emerging coin will have that luxury

A cryptocurrency should ideally be adopted as much as possible to support a long-lasting ecosystem and a good coin distribution.

Most people IMO don't want to use cryptocurrency to buy things. (I do.)

There is adoption happening in Latin America FWIW, merchants are increasingly accepting cryptos like Bitcoin Cash, Dash, Smartcash and Nano.

01-02-2021, 09:03 AM

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#37

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I trade stocks for a living and so I pay close attention to stock charts and RSI. Relative strength index. Anything above an 80 on the RSI means a stock is severely overbought. Above 90 and it is in clown overbought territory. It also means the stock will fall and fall hard shortly....100% of the time. No exceptions.

Right now the RSI for bitcoin is around 87. I would look for a major correction in bitcoin price within 3-5 days.

01-02-2021, 09:11 AM

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#38

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Originally Posted By OptimistPrime11⏩

I trade stocks for a living and so I pay close attention to stock charts and RSI. Relative strength index. Anything above an 80 on the RSI means a stock is severely overbought. Above 90 and it is in clown overbought territory. It also means the stock will fall and fall hard shortly....100% of the time. No exceptions.

Right now the RSI for bitcoin is around 87. I would look for a major correction in bitcoin price within 3-5 days.

Damn... I was hoping I would have funds to buy when a big correction happens. I hope you are wrong.

Lucky mofos who are going to buy the dip.

01-02-2021, 09:19 AM

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#39

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The more I look at bitcoin, the less I understand its valuation. Not saying it's not worth 30K, it could be worth $100k or $10, I can't figure out how to value the damn thing. I guess you could say the same for all fiat currencies though.

01-02-2021, 09:20 AM

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#40

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Originally Posted By BetaAsPhuck⏩

Damn... I was hoping I would have funds to buy when a big correction happens. I hope you are wrong.

Lucky mofos who are going to buy the dip.

As you can see, the RSI is up near 90 and it is in extreme greed territory. Doesn't mean it can't go up very short term, but within a day, 5 at most, it is going to fall back substantially.

01-02-2021, 09:24 AM

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#41

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Originally Posted By turdburglar9021⏩

The more I look at bitcoin, the less I understand its valuation. Not saying it's not worth 30K, it could be worth $100k or $10, I can't figure out how to value the damn thing. I guess you could say the same for all fiat currencies though.

I'm not an investor, but I've heard people say that it's a purely speculative asset that is possibly becoming digital gold. Because there is a finite supply, and because it's rising in prices.

I've also heard that no other assets in history have appreciated as quickly as cryptocurrencies.

Roger Ver's story still blows my mind. Dude brought and held Bitcoin when it was phuckin $13! He also set up an online store to sell things in Bitcoin before it was mainstream. He said he knew due to his reading of economics and the tech that it would be huge. Dude is a multi-millionaire, and well known promoter of cryptocurrency adoption.

01-02-2021, 09:30 AM

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#42

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Originally Posted By BetaAsPhuck⏩

I'm not an investor, but I've heard people say that it's a purely speculative asset that is possibly becoming digital gold. Because there is a finite supply, and because it's rising in prices.

I've also heard that no other assets in history have appreciated as quickly as cryptocurrencies.

Roger Ver's story still blows my mind. Dude brought and held Bitcoin when it was phuckin $13! He also set up an online store to sell things in Bitcoin before it was mainstream. He said he knew due to his reading of economics and the tech that it would be huge. Dude is a multi-millionaire, and well known promoter of cryptocurrency adoption.

Roger Ver is a criminal cuck who was arrested for selling explosives out of his home on ebay. lol

Bitcoin is a sham with ZERO uses. srs

01-02-2021, 09:35 AM

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#43

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Originally Posted By digital022⏩

Roger Ver is a criminal cuck who was arrested for selling explosives out of his home on ebay. lol

The story is more complicated than that.

Dude ran for public office, and during his campaign trail public criticized the FBI for killing kids during WACO, he literally called them murderers to the public. This was back when the WACO massacre was still a big topic.

He was selling agriculture explosives on ebay, along with other people. He was - he says - the only person in U.S. arrested and imprisoned for doing so, and that only happened after he ran for public office criticizing the government. He also said that he asked the U.S. based wholesaler if he needed a licence to sell the agriculture explosives, and they told him him no.

Bitcoin is a sham with ZERO uses. srs

A sham in what sense?

01-02-2021, 09:43 AM

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#44

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its a pump and dump scam. I own some eth btw so my portfolio is going up as well. Doesn´t mean I won´t call out the scam that Bitcoin is though. It´s a get rich pyramid scam with bad fundamentals and few attractive usecases. The price is desgned to rise because of artificially created demand and an smaller and smaller supply. Scam

And no, I don´t have a short position on Btc, but it´s tempting to open one.

01-02-2021, 09:48 AM

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#45

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Originally Posted By PimpMasterC⏩

its a pump and dump scam. I own some eth btw so my portfolio is going up as well. Doesn´t mean I won´t call out the scam that Bitcoin is though. It´s a get rich pyramid scam with bad fundamentals and few attractive usecases. The price is desgned to rise because of artificially created demand and an smaller and smaller supply. Scam

And no, I don´t have a short position on Btc, but it´s tempting to open one.

Mind sharing what's in your portfolio?

I'll reiterate... I believe that Bitcoin will make people rich in the next few years, even though I think the tech is trash, compared to other cryptocurrencies (e.g. Bitcoin Cash, Monero, etc) . This thread is about helping the average joe to make some financial in 2021 and 2022.

01-02-2021, 09:52 AM

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#46

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Originally Posted By BetaAsPhuck⏩

Mind sharing what's in your portfolio?

I'll reiterate... I believe that Bitcoin will make people rich in the next few years, even though I think the tech is trash, compared to other cryptocurrencies. This thread is about helping the average joe to make some financial in 2021 and 2022.

Mostly Tezos and ETH. I think the entire market will take a crap soon, so I have a lot of fiat ready as well. No matter which way the market goes, I make money in some way.

Tether is out of control. Price is not stable and they are in deep trouble. They have a case coming up

01-02-2021, 09:53 AM

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#47

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They will prob ruin it. Supposed to be for buying illegal drugs not for the mainstream.

01-02-2021, 09:53 AM

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#48

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Originally Posted By PimpMasterC⏩

Mostly Tezos and ETH. I think the entire market will take a crap soon, so I have a lot of fiat ready as well. No matter which way the market goes, I make money in some way.

Respect, and I'm phuckin envious that you will be able to buy the dip.

What do you think of Polkadot? Gonna buy the dip.

01-02-2021, 09:56 AM

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#49

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Originally Posted By BetaAsPhuck⏩

Respect, and I'm phuckin envious that you will be able to buy the dip.

What do you think of Polkadot? Gonna buy the dip.

Tezos is better than Polkadot imo, and much more undervalued. Polkadot has big potential, but vastly overvalued when compared to other coins such as tezos and cosmos, who are miles ahead. It´s hype

Not gonna support polkadot because I don´t want to support scumbag Gavin´s project.

01-02-2021, 10:27 AM

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#50

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[QUOTE=OptimistPrime11 post_id=1627265503]As you can see, the RSI is up near 90 and it is in extreme greed territory. Doesn't mean it can't go up very short term, but within a day, 5 at most, it is going to fall back substantially.

[URL=https://ibb.co/dBqXtXL][img]https://i.ibb.co/CBZ464M/Untitled.png[/mg][/URL][/QUOTE]The coming dip might be monumental...

[i][b]"BREAKING: CoinMarketCap removes $USDT pairs from website on growing concerns over Tether's solvency.

FYI: Tether is the most active trading pair, and has the
highest volume in the entire cryptocurrency market."[/b][/i]

Sources is Cryptowhale:[x]https://twitter.com/CryptoWhale[/x](People are disputing it.)

The spike, XRP, potential Tether unravelling... Maybe a a 50% correction?

(Pure wild speculation.)

01-02-2021, 10:48 AM

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#51

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Originally Posted By BetaAsPhuck⏩

The coming dip might be monumental...

"BREAKING: CoinMarketCap removes $USDT pairs from website on growing concerns over Tether's solvency.

FYI: Tether is the most active trading pair, and has the
highest volume in the entire cryptocurrency market."

Sources is Cryptowhale:

(People are disputing it.)

The spike, XRP, potential Tether unravelling... Maybe a a 50% correction?

(Pure wild speculation.)

Common knowledge on how this pump for btc works

Tether creates money from thin air
Buys crypto
Price pumps
People buy
Tether dumps btc for fiat
Rinse and repeat lol

Thats why other cryptos are not pumping up and staying neutral

01-02-2021, 10:57 AM

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#52

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Originally Posted By bfdehewdbyywhn⏩

Lmaooooo $100k???

these coincels are delusional. overvalued as fukk due the shilling of cryptocurrency. just another get rich quick scheme

SEC can ruin your whole portfolio. already happened recently with XRP

Btc going to 7 figures u mad

01-02-2021, 10:59 AM

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#53

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Originally Posted By Titansfan08⏩

Nocoincels/pimpmaster on suicide watch

Lmao this specially pimple master

01-02-2021, 11:02 AM

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#54

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Originally Posted By gixxer0.6g⏩

It blows my mind there are people who still doubt crypto. All the great creations in the last 30 years have been internet based. What makes you think the next generation in currency wouldn't be? Bunch of boomers still writing checks

The fact that the only value people see in Bitcoin is the US dollar value they can sell it for speaks volumes about it.

01-02-2021, 11:04 AM

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#55

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Originally Posted By VinnyPazRules⏩

They will prob ruin it. Supposed to be for buying illegal drugs not for the mainstream.

US government is going to crackdown on it big time if they start using it more mainstream

01-02-2021, 11:04 AM

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#56

UknowWho11
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scam of the century

01-02-2021, 11:05 AM

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#57

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Originally Posted By UknowWho11⏩

scam of the century

Only to low iq cells who haven’t gotten it yet

01-02-2021, 11:07 AM

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#58

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Honestly the way this chit works is you gotta buy low to have confidence, if you are buying at a time like this you are running a high risk scenario. Same deal with stocks really, you want to be the guy who bought it when it was low, buying in when it's hitting peak is how people end up losing money.

01-02-2021, 11:18 AM

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#59

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Originally Posted By MirinCanadian99⏩

Congratulations, you've successfully invested into a form of currency with absolutely nothing propping it up other than the "panicells" who think the economy will collapse because of the government printing money.

It's essentially a pyramid scheme whereas newer investors prop up the perceived value of the bitcoin so that older investors can make a quick buck. Unless you bought bitcoin early on, you are wasting your hard earned money on "nothing". Can't wait for bitcoin to crash so that people get a reality check.

Case in point, Exxon Mobbil, Shell, Boeing, Mcdonalds, Walmart, and other companies have assets that can be liquidated and or traded, Bitcoin has no such thing. All it has is wishful thinkers who think they're gonna be rich off of crypto. Once again, I don't care about the anecdotal evidence of someone getting rich off of crypto, I look at the hard data and all I see is ppl making tiny profits or hardly anything at all.

Lol another low iq cell who’s gonna rope him self in a decade. Rip you

01-02-2021, 11:20 AM

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#60

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Originally Posted By JayJ350⏩

Honestly the way this chit works is you gotta buy low to have confidence, if you are buying at a time like this you are running a high risk scenario. Same deal with stocks really, you want to be the guy who bought it when it was low, buying in when it's hitting peak is how people end up losing money.

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Thread: It's Happening! Rich People Pouring Into Bitcoin Like I Predicted... Bitcoin at 30K!