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Forum ยป coincels on suicide watch foreal
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Thread: coincels on suicide watch foreal

post 1638699523 05-16-2021, 01:57 PM
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Originally Posted By donblaximus⏩
Explain how this is a ponzi scheme? Typically the person at the center of a true ponzi continues to get paid off by new investor money. How is crypto considered this?

It seems more to me aligned with investing in a company with a very high PE ratio? Or is doing that also considered a Ponzi scheme in your book?

Yeah and I do agree, your investment strategy has to be blended. But your thread doesnt make that statement. You are casting a pretty specific net without laying out your assumptions up front.

For those reasons, it makes you come across as someone bitter and that doesnt help sway "the kid's" choices.
If you came across as someone that actually understood different aspects of life, maybe "the kids" would think you had a leg to stand on with your positions.
because its worthless? its a serial code on a computer/database somewhere.

if you want to diversify your equity holdings you can buy bonds, or shiny gold rock, or cars, or watches, or real estate.

btc is a ponzi scheme get rich quick scheme. i feel like you know this deep down but you are biased because you bought in.

munger, buffet, yellen, bill ackman have all come out recently and said as much. again i believe the only reason youre debating me on this is because you hold BTC and youre looking to dump your bags on someone dumber than you.
post 1638699563 05-16-2021, 01:57 PM
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Originally Posted By H00J⏩
^^^ The pic.


The video...

https://www.youtube.com/watch?v=DMonlRsJ5hY
If You Don't Like To Talk About Your Feelings, This Might Help...
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The Most Heartbreaking Thing That I've Learned About 'The Elite'.
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Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1638699583 05-16-2021, 01:58 PM
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Originally Posted By JayDigital⏩
Elon's nonsense will be a tiny blip for legitimate crypto in the long term. However, he's definitely hurting Telsa in the long run with these antics. Lot of the younger people in crypto are losing paper money because of this sh!t he pulled and go on to boycott his products in the future.

I enjoy my V8's so no thanks to any EVs for now, especially Tesla.
How can those young people lose money when the whole crypto idea is to hodl forever and never sell? I mean, why sell super secure money of the future like BTC and turn it into worthless paper?
post 1638699613 05-16-2021, 01:58 PM
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hope it crashes down to 1K cuz imma swoop in and go balls deep
#FreeCryptoBandit
post 1638699633 05-16-2021, 01:58 PM
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Originally Posted By mgftp⏩
Still up 300%

OP coping hard
The whales havent dumped yet. Just wait.

Cheers
post 1638699663 05-16-2021, 01:59 PM
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Originally Posted By BLOATMOGGER⏩
You think you're a lot smarter than you actually are
That is pretty much what the entire crypto community preys upon, useful idiots whose opinion of themselves is sky high yet the reality is they're complete dumbasses, but that doesn't stop them from having all the confidence in the world.
post 1638699673 05-16-2021, 01:59 PM
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Originally Posted By LoveThis4UBabe⏩
because its worthless? its a serial code on a computer/database somewhere.

if you want to diversify your equity holdings you can buy bonds, or shiny gold rock, or cars, or watches, or real estate.

btc is a ponzi scheme get rich quick scheme. i feel like you know this deep down but you are biased because you bought in.

munger, buffet, yellen, bill ackman have all come out recently and said as much. again i believe the only reason youre debating me on this is because you hold BTC and youre looking to dump your bags on someone dumber than you.
Its less than worthless. It requires a massive amount of electricity and compute resources to maintain itself
Best lifts:
Bench press: 315x5
Squat: 465x1
Strict press: 205x5
Deadlift: 405x13 (conv tap'n'go with straps)
post 1638699693 05-16-2021, 01:59 PM
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Originally Posted By SaviorSelfJT⏩
Ponzi scheme may not quite be the right term, but there is a basis for it

THe only way people profit from bitcoin/crypto, is for new investors to come in and buy them off you at a higher price. And same for them, and same for them...ad infinitum. Eventually it will run out of new investors willing to pay a higher price

This is not like stocks., because stocks represent companies which create wealth and value. Bitcpin does not
Fair.....as I said....isnt this true for stocks with a very high PE ratio?
People betting on crypto are betting on decentralization of money. At least thats why I have money in it. I think its a good thing. And even though I cant tell you with 100% accuracy what the true value of that is, I also couldnt tell you what the true value of a share of Amazon is either.
post 1638699703 05-16-2021, 01:59 PM
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Originally Posted By LoveThis4UBabe⏩
Jasticus took out a 2nd mortgage on his home.
2nd time you've said that... I sincerely hope that isn't true.

I'm balls deep, but that is insane. Surely you are trolling though.
If You Don't Like To Talk About Your Feelings, This Might Help...
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The Most Heartbreaking Thing That I've Learned About 'The Elite'.
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Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1638699903 05-16-2021, 02:02 PM
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Originally Posted By donblaximus⏩
Fair.....as I said....isnt this true for stocks with a very high PE ratio?
No its not man. and you know damn well it isnt.

stocks have been around for 100+ years.

When Jay Powell, every single POTUS, entire congress holds crypto instead of stocks in their 401k/roth then we can afford btc the same degree of confidence.

You know better, youre a smart guy dont play dumb.
post 1638699913 05-16-2021, 02:02 PM
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Originally Posted By donblaximus⏩
Fair.....as I said....isnt this true for stocks with a very high PE ratio?
People betting on crypto are betting on decentralization of money. At least thats why I have money in it. I think its a good thing. And even though I cant tell you with 100% accuracy what the true value of that is, I also couldnt tell you what the true value of a share of Amazon is either.
Not true of stocks with a very high PE ratio

Because stocks with a very high PE ratio are companies which are expected to turn a huge profit in the future. Amazon is the classical example, for the longest time (still do?) they never paid a dividend, so they had a PE of infinity. But investors know in the future they will have a potential to pay huge dividends

So lets say money does become decentralized. Why do your bitcoins matter in the future? There's so many different coins and the underlying technology is easily replicated and open source. And with the way bitcoin works, it will continually require higher and higher amounts of electricity and comppute resources to maintain the integrity of its ledger. Seems to me its destined to fail
Best lifts:
Bench press: 315x5
Squat: 465x1
Strict press: 205x5
Deadlift: 405x13 (conv tap'n'go with straps)
post 1638699973 05-16-2021, 02:03 PM
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Originally Posted By SaviorSelfJT⏩
This is not like stocks., because stocks represent companies which create wealth and value. Bitcpin does not
bitcoin is a store of value, nothing else. it will eventually hit 1m a coin in the next 10 years.
post 1638700093 05-16-2021, 02:04 PM
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Originally Posted By LoveThis4UBabe⏩
because its worthless? its a serial code on a computer/database somewhere.

if you want to diversify your equity holdings you can buy bonds, or shiny gold rock, or cars, or watches, or real estate.

btc is a ponzi scheme get rich quick scheme. i feel like you know this deep down but you are biased because you bought in.

munger, buffet, yellen, bill ackman have all come out recently and said as much. again i believe the only reason youre debating me on this is because you hold BTC and youre looking to dump your bags on someone dumber than you.
You are not making logical points.
How is it a get rich scheme? Typically in a get rich quick scheme, someone is schemeing something and selling something to many people in order to get rich themselves. In the whole game of crypto, who is scheming?

I already have investments in all of the areas you call out....yes including CARS even though I wouldnt categorize thoes as investments but the vehicles I purchase for fun are either very low production number or actual numbered cars.

I can understand why certain people (like the ones you named) do not beleive in crypto. I am not arguing solely because I bought in. I am betting on the future of money being decentralized because I believe it would be better for global business.

Having middle men state the rules of the game when dealing with your money is what you prefer?
post 1638700123 05-16-2021, 02:05 PM
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Originally Posted By SaviorSelfJT⏩
Its less than worthless. It requires a massive amount of electricity and compute resources to maintain itself
The fact that the democrats and the MSM are now doubling down on turning crypto into the latest target to focus on for climate change environmental hysteria... party's over. Crypto is getting a bad stigma, crypro investors are going to be looked at as reckless anti-environment monsters. Activists are going to oppose their existence.
post 1638700203 05-16-2021, 02:06 PM
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Originally Posted By Seamanbeast⏩
How can those young people lose money when the whole crypto idea is to hodl forever and never sell? I mean, why sell super secure money of the future like BTC and turn it into worthless paper?
Guess you don't understand the whole "medium of exchange" thing...
post 1638700243 05-16-2021, 02:07 PM
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Originally Posted By JayJ350⏩
The fact that the democrats and the MSM are now doubling down on turning crypto into the latest target to focus on for climate change environmental hysteria... party's over.
IDGAF about environment change

But its clear the economics of this doesn't work. And many companies (github, aws, heroku, etc) that provide some kind of 'free tier' compute services are getting victimized by this garbage
Best lifts:
Bench press: 315x5
Squat: 465x1
Strict press: 205x5
Deadlift: 405x13 (conv tap'n'go with straps)
post 1638700303 05-16-2021, 02:07 PM
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Originally Posted By LoveThis4UBabe⏩
No its not man. and you know damn well it isnt.

stocks have been around for 100+ years.

When Jay Powell, every single POTUS, entire congress holds crypto instead of stocks in their 401k/roth then we can afford btc the same degree of confidence.

You know better, youre a smart guy dont play dumb.
"stocks have been around for 100 years"
How is this a logical counterpoint? Yes it has been around 100s of years and certain stocks also get pumped and dumped too right?
With everything new, there will always be skeptics.
post 1638700313 05-16-2021, 02:07 PM
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Originally Posted By donblaximus⏩
You are not making logical points.
How is it a get rich scheme? Typically in a get rich quick scheme, someone is schemeing something and selling something to many people in order to get rich themselves. In the whole game of crypto, who is scheming?

I already have investments in all of the areas you call out....yes including CARS even though I wouldnt categorize thoes as investments but the vehicles I purchase for fun are either very low production number or actual numbered cars.

I can understand why certain people (like the ones you named) do not beleive in crypto. I am not arguing solely because I bought in. I am betting on the future of money being decentralized because I believe it would be better for global business.

Having middle men state the rules of the game when dealing with your money is what you prefer?
bro you are getting all wishy washy and philosophical here trying to muddle the topic.

btc is worthless.

i buy stocks because its been the status quo investment vehicle for the entire history of America.

Its that simple.

Lets be real here. if you owned nothing but $SPY thats enough diversification for 99,9% of people in 99.9% of circumstances in life. No need to mess with shady crypto.
post 1638700363 05-16-2021, 02:08 PM
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GL coinbros. Not a gamble I would make
post 1638700373 05-16-2021, 02:08 PM
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Originally Posted By SaviorSelfJT⏩
IDGAF about environment change

But its clear the economics of this doesn't work. And many companies (github, aws, heroku, etc) that provide some kind of 'free tier' compute services are getting victimized by this garbage
It doesn't matter what you care about, what matters is what the mass media cares about and how that effects the masses.

Thanks to the recent pipeline attack crypto also has the stigma of funding terrorism.
post 1638700383 05-16-2021, 02:09 PM
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Originally Posted By JayDigital⏩
Guess you don't understand the whole "medium of exchange" thing...
Ah, so the whole idea behind your crypto was to eventually exchange it for something that isn't completely worthless trash..... real money...
post 1638700443 05-16-2021, 02:09 PM
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Originally Posted By donblaximus⏩
"stocks have been around for 100 years"
How is this a logical counterpoint? Yes it has been around 100s of years and certain stocks also get pumped and dumped too right?
With everything new, there will always be skeptics.
who's pumping and dumping microsoft or apple the way elon just pumped and dumped crypto? if youre in penny stocks/spacs i can help u.

crypto will end in mass suicides. thats the only way it ends.

stocks can and will make people rich until the end of time.
post 1638700633 05-16-2021, 02:11 PM
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Originally Posted By oneanddone2⏩
Lol at taking it as property, cannot wait to be taxed on every item I have bought in my possession. Fed Reserve and the banking industry as a whole has been shook by cryptos. Hope the have to close their doors. They should have never been bailed out. They need a crypto backed by gold
yea, its fkin BS. but what can you do. I think coinbase reports to the irs

I guess you could just buy chit with crypto to avoid making a "sale"
(these are my opinions i am not a licensed broker by trade)
post 1638700643 05-16-2021, 02:12 PM
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Bitcoin has been on a tear from the last bottom of $3k all the way up to $65k with little stoppage. I honestly wouldn't be surprised if it finally drops down to $20k-$30k at some point before a slow build to a new cycle.

I always lol though at people who keep thinking its dead every time the price receeds even though its done the same cycle 5x before over a decade and every time bitcoin's price only climbs higher and higher.

I also lol at everyone calling it a ponzi scheme even though they likely have not spent more than 5 minutes reading about it. "I don't understand how it works or what it does, but it must be a ponzi scheme because people buy it hoping to sell it for more than they paid" You mean the same thing people do when they buy any stock? or when they buy gold or silver? Or real estate? Is there any investment people spend money on they buy and DONT expect to get paid more for it down the road? That's the nature of the beast when your current currency is constantly worth less every year, that you invest in things that hold value or gain value while the country's currency you use is constantly losing value year after year.
post 1638700733 05-16-2021, 02:13 PM
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Originally Posted By Seamanbeast⏩
Ah, so the whole idea behind your crypto was to eventually exchange it for something that isn't completely worthless trash..... real money...
Why does anyone keep anything that is a medium of exchange including any fiat currency? To eventually exchange it for something else that one needs. I don't think you understand how this works...

post 1638700783 05-16-2021, 02:14 PM
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Originally Posted By Contribution05⏩
I also lol at everyone calling it a ponzi scheme even though they likely have not spent more than 5 minutes reading about it. "I don't understand how it works or what it does, but it must be a ponzi scheme because people buy it hoping to sell it for more than they paid" You mean the same thing people do when they buy any stock? or when they buy gold or silver? Is there any investment people spend money on they buy and DONT expect to get paid more for it down the road? That's the nature of the beast when your current currency is constantly worth less every year, that you invest in things that hold value or gain value while the country's currency you use is constantly losing value year after year.
Why is this the standard response: "you just dont know what it is, its the same thing as gambling on stocks"

A: Stocks represent companies which generate wealth, unlike bitcoin. You can profit from stocks even if you never sell in the form of dividends. You may be right about gold/silver, but everyone knows they are chitty "investments"
Best lifts:
Bench press: 315x5
Squat: 465x1
Strict press: 205x5
Deadlift: 405x13 (conv tap'n'go with straps)
post 1638700843 05-16-2021, 02:16 PM
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Originally Posted By SaviorSelfJT⏩
Why is this the standard response: "you just dont know what it is, its the same thing as gambling on stocks"

A: Stocks represent companies which generate wealth, unlike bitcoin. You can profit from stocks even if you never sell in the form of dividends. You may be right about gold/silver, but everyone knows they are chitty "investments"
So how long have you spent researching and reading about the functionalities of bitcoin and how it works?

Everyone knows gold and silver are chitty investments? Why do wealthy people horde some of both then along with other assets?
post 1638700853 05-16-2021, 02:16 PM
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Originally Posted By SaviorSelfJT⏩
Not true of stocks with a very high PE ratio

Because stocks with a very high PE ratio are companies which are expected to turn a huge profit in the future. Amazon is the classical example, for the longest time (still do?) they never paid a dividend, so they had a PE of infinity. But investors know in the future they will have a potential to pay huge dividends

So lets say money does become decentralized. Why do your bitcoins matter in the future? There's so many different coins and the underlying technology is easily replicated and open source. And with the way bitcoin works, it will continually require higher and higher amounts of electricity and comppute resources to maintain the integrity of its ledger. Seems to me its destined to fail
As I said, I coudlnt tell you what Amazon stock is actually worth based on future business and nobody else could either. If they could, there would be many more billionaire day traders than there are.

Understand the open source nature but just like other things open source, there are clear leaders and followers. As example, there are tons of versions of Linux, but the majority of enterprises run maybe 5.....the others are more outliers or used for specific purpose.
For your second point, not necessarily true either. Will it take more computers? Yes, it certainly will just like very complex models for genomics, mapping the ocean floor, studying weather patterns etc. I have directly been involved with building multi petaflop clusters in which all the computers are immersed in oil which significantly changes the amount of energy it takes to run said computers.
post 1638700933 05-16-2021, 02:17 PM
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Originally Posted By JayDigital⏩
Why does anyone keep anything that is a medium of exchange including any fiat currency? To eventually exchange it for something else that one needs. I don't think you understand how this works...
Lol you have no idea what bitcoin even is do you? You also have no idea what a currency really is, what currency regulations are and how they work. You probably have no idea about capital gains tax. You are the perfect bag holder my dude.
post 1638701133 05-16-2021, 02:20 PM
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Originally Posted By Seamanbeast⏩
Lol you have no idea what bitcoin even is do you? You also have no idea what a currency really is, what currency regulations are and how they work. You probably have no idea about capital gains tax. You are the perfect bag holder my dude.
You're right, just became successful not knowing anything. Let's come back to this in a few years and see how things have progressed.
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