I wouldn't buy this pyramid scheme now. Better wait until the next fall

Tell us you're too lazy to learn Bitcoin without telling us :1orglaugh :1orglaugh

15 years later and we still have this idiocy. We're still SO early.

EDIT: will leave you with a couple good reads from people smarter than us on this topic:
https://www.lynalden.com/misconceptions-about-bitcoin/
https://www.swanbitcoin.com/why-bitc...oint-by-point/
https://nakamotoinstitute.org/mempoo...pyramid-scheme
https://endthefud.org

More upside in the longer term

Crypto is BACK, baby!

Notice how none of the Bitcoin-haters can argue their anti-BTC stance, they just call it names like a snotty-nosed kindergartner.
(ie CAHEK, Sergio, adultinnovation, mainstreammix)

To the haters, your fiat will devalue, forever, it will never stop losing value.

To the Bitcoin holders, you know 21mn will ever exist, finite, and will (in the long run) forever rise in value, it is protection against fiat devaluation, it is savings technology, and congrats to you all :thumbsup

It is fun to see my Bitcoin holdings going UP for a change!! :)

:1orglaugh

People don't buy BitCoin because they want BitCoin. They buy BitCoin because they want more Dollars. They only care about how much BitCoin they can flip into Dollars.

Crypto is just a new way to gamble.

Buy it low then hope it sky rockets in value then sell it for real money AKA the dolla dolla bill

That vast majority of Bitcoin supply is stored off exchanges and doesn't move, which means your theory is factually bullshit. People buy Bitcoin to save it, as it has proven to be the best savings technology in human history. If you would like to read and learn about that data, check here: https://medium.com/coinmonks/70-of-a...r-89fa289dc048
and another article: https://www.coindesk.com/markets/202...rd-high-of-70/
source: https://studio.glassnode.com/metrics...00611200&zoom=

@adultinnovation you've been saying the same bullshit about Bitcoin for over 10 years since it was $100 when will you give up and admit that your comments have been completely wrong and you lack the knowledge to give any advice on Bitcoin?

I don't think you really understand the math & logic behind Bitcoin paring with any fiat currency (BTC finite vs fiat infinite). Seems like you refuse to learn it, squash that ego as it has done nothing but hold you down. YOU CAN DO ITTTTTTT :winkwink:

The BTC haters will never take the time to try and understand. They're mostly sour they've missed out on all the incredible profits and it's easier to call it a ponzi and pretend they know what they're talking about, than to admit they're wrong.

It's great to see all the newcomers, both in BTC and the new crypto ETFS: GBTC, IBIT, BITB, et al

Agree. I don't keep anything but my weekly buy in non-cold storage. It all shifts to a cold storage wallet.

One BTC hits 55-63, it'll spike fairly quickly to 110.

dont't understand the best time to buy some BTC

Don't tell me you're buying bitcoin at $70,000, you stupid fuck.

Every 4 years Bitcoin gets harder with the halving.

Every single day USD (and all fiat) gets easier with central banks/gov inflating the value away.

Hard money will always increase in value against easy money.

https://pbs.twimg.com/media/GJreLtNW...pg&name=medium

"The US dollar has lost 25% of its purchasing power since January 2020.
Every $1 you had is now worth $0.75 of goods."
- Pomp

Well said Gunner, I completely agree. :winkwink:

I wouldn't try timing the market, remember the wise words: time in the market beats timing the market. Which means just get skin in the game, tbh I would wait for next big drop to buy in, or buy small amounts now and larger amounts when we drop (there will always be drops all the way up), or maybe even DCA'ing. :)

But even before that I would recommend learning what Bitcoin is and whatever you choose to buy, if any, keep it in non custodial wallets.

I've bought every week since 2015 regardless of price. Coinbase does it automatically for me now.

That's awesome, I didn't know Coinbase has that feature (re: autobuys), others that have that are CashApp, SwanBitcoin.com & RiverFinancial. Autobuys is probably the best current way to invest in BTC for an average person, weekly/monthly autobuys at any rate for an amount the person can afford (with funds that won't be immediately needed).

It wouldn't seem all that stupid once BTC hits $1,000,000

Yes, this is a hill I'll die on.... unless quantum computing becomes a commercial reality (good luck with that).

This asshat was all over me for recommending BTC at 69K. Read his shit posts if you want.
Don't worry about Quantum computing hacking BTC, a few changes in the code is all it takes to defeat that.

I'm a bitcoin halve not . . .

Well now I'm curious, how do you protect yourself from inflation? How do you "save"?

I just live recklessly . . .

$70,000 is just the tip of the idiot iceberg.

https://www.reddit.com/r/btc/comment...cking_bitcoin/

BitCoin is a pyramid scheme.. as all Crytpos are.. It's just pump and dump

Just make sure to get in and cash out your profits before it collapses.

It’s a ponzi because for the price to keep going up (faster than inflation) it needs new adopters. When there are no more new adopters, price flatlines.

A lot of smart people got in on this early and were great at advertising to suckers and mainstream buyers with FOMO to boost their money. For every person who is able to play the market and make money, there are a lot of normal medium to low income people who are buying the hype during price surges then losing money on the declines. Yes, there's institutional investors, but who do you think are buying the ETFs? For all the talks of virtue by the early bitcoin supporters, they are actually just using this as a wealth transfer mechanism from the working class to those smart enough to have gotten in early. At some point this mass insanity will stop and things will crash, but it will continue to go up before that happens and there is still lots of big easy money to be made.

We should all just trade tomatoes. All agree on what a single tomato is worth, trade that for inflated prices, rinse/repeat, profit...more tomatoes. Same thing.

At least with a tomato you can make a sandwich.

You're wrong of course.

"I bring nothing to the table but I really like this thing that isn't even a shell of what it started as. I can't articulate why of course, because it's just based on my feels."

Looks like Biden might win in November. Recent polls show Trump sliding due, at least in part, to state level abortion laws.

Considering the huge amount of money printing to fund the deficit that's been happening under his watch ($1 TRILLION every 100 days!), this would be a BONANZA for CRYPTO and HARD MONEY (aka gold/other assets) investors.

And it was still stupid, as are you. You told people to buy it, and it crashed to $14k or whatever. It was literally the stupidest time for you to flap your dumb gums. Any other time in the history of Bitcoin would have been smarter. Even idiots were staying away from large buys then.

You're just retarded, a complete fraud, and should seek help.

^^ this dumbass is linking to a Bcash reddit :1orglaugh :1orglaugh

Roger Ver is an ex-con who teamed up with faketoshi and other scammers who tried to control Bitcoin & failed. Ver is also the guy who told all his followers that there was nothing wrong with Mtgox right before it imploded.

We all knew you are a lowly person and it makes sense now, you're following frauds & scammers and trying to promote them to us here :321GFY

https://www.reddit.com/r/Bitcoin/com...fraudsters_in/

https://coinkurier.de/uploads/2018/1...m-13.16.08.png

^^ the Bcash ex-cons & frauds.

^^ been saying this since Bitcoin was under $100 :1orglaugh :1orglaugh

I was mining BTC in 2014, and I've continued buying BTC and hodling since then no matter the cost. I can buy and sell 100 assholes like you in a New York minute. Yet here you are buying at seventy, aren't you afraid it's going to crash, you whiny little bitch?

Like I said, when it was 69K I could fucking afford it, sorry the rest of you sadsacks can't keep up.

I gave up talking BTC to shitheels, you need to shut the fuck up.:321GFY

If you're buying bitcoin, you need at least 0.28 bitcoin. Sooner you buy it the better. Doesn't matter if you buy it at 70k. Doesn't matter if it crashes to 20k. Because it will not stay at 20k.

You buy it and hold on to it. Only 1% of the worlds population will ever be able to own .28 bitcoin.

So if in the future bitcoin ends up being worth some ungodly amount. 0.28 is enough to make you wealthy.

You need to get it now. Don't worry about the price. Too many big companies getting involved now. Hong Kong ETF soon. They're gobbling up all the coins.

Btw you guys arguing about Bitcoin price, it doesn't matter when you buy, EVERY Bitcoin that was ever purchased and HODL'd for 3+ years is in massive profit. You must consider the fact that not only is it a finite decentralized technology (which pairs against infinite fiat currencies) but adoption grows and all fiat currencies trend to $ZERO.

The only thing it needs to do is exist for the value to increase (long term). The only way it cannot exist is if math is broken or obsolete.

"This dumbass" is far smarter than you, has more Bitcoin than you, did more for Bitcoin adoption than you could ever hope to and linked to a review of a book. I wonder why this sub is a Bcash reddit though considering it used to push BTC acceptance hard as fuck.

Oh I know why, because "investors" in BTC collectively decided to lie and gaslight instead of continuing to build something magical, of course your easily manipulated ass is enamored still. Telling people to buy at $70 is at least 1,000 times better than telling them to buy it at 70k.

"Just hold it 3 years and something will happen!" What a stupid fucking take.

r/btc was created & owned by Roger Ver, the same ex-con who you linked to his book review, the same scammer who told mtgox users to dont worry and Mtgox imploded and lost all their money & btc, the same scammer who owned Bitcoin.com and tried to sell BCH as Bitcoin, scammed thousands into thinking they're buying cheaper Bitcoin.

You're promoting a scammer. As usual you're trying to fuck people over.

Jeez, I'm not sure I've read anything as stupid and wrong as this. Are you and macmellon related, like maybe the idiot twins or something? You know zip about this subject. Like most, the only thing you're holding is your dick.:1orglaugh:1orglaugh:1orglaugh

Another dipshit that sunk money in BTC without having a clue. Congrats, tard, you got lucky like thousands of others that bought in.

I have been very clear with what I said here, and none of it is what you suggest. I still hold BTC that I bought sub 100, fucktard. You liking the shit does not make your fantasies true.

I know right?! Never heard a (wannabe) bitcoiner dumb as fuck enough to try a pissing contest on who has more bitcoin than another, that's a redflag of a shitcoiner or fiat maximalist and Swensmix fits both.

Not only that, the dude promotes scammers now, reaching new lows.

It's to make the point that your tard ass getting lucky doesn't make you smart. Bitcoin made sense in 2012, it's pure fucking gambling now. Will it go up? Probably but there is fuck all there to back it up so it's going up on the backs of hopeful fucking retards like you.

So thanks!

Not only were you absolutely not mining in 2014, you also never had the working capital to make a meaningful investment. You simply come here to live out a fantasy of being anything but irrelevant. When I call you out on how transparent it is, it triggers you to rant and rave. I guess it's cool? But either way, seek help. You're probably one of edgepro/Harmon's fake nicks. He's got a ton I'd bet.

:1orglaugh

Butthurt much? Basically, it's simple to buy and hodl. It just takes a little discipline. You have no idea what I was doing in 2014. In fact, your writing suggests that you are probably about 14 years old. You assume whatever, to try and justify your accusations. That suggests you are insecure and sad that you are just realizing how fucking stupid you are. I'm truly sorry that you missed the Bitcoin train, I spent time trying to convince people on GFY to take advantage of BTC, a lot of time, but all I have gotten is a bunch of shit from small-time losers like you.

Try going back a few years when I was so bullish, that I was trying to convince people to invest. If they had listened, they would have generational wealth right now.

But you know what, nobody listened. Even now if I suggest buying at 70K, people won't do it, and then they will bitch when it reaches 140k.

So you come after me because the best you have is maybe $15 bucks worth of BTC, and you are just realising that you will be dead before it reaches value enough to be impressive.

I understand that you are angry. But stupidity and anger are your problems, not mine. I had good intentions in touting BTC to forum members. I guarantee you that if anyone had listened to me, they would be rich by now. Just 15 Bitcoins, and they would be millionaires today.

You make it personal because you are insecure and not all that bright. I understand your limitations, but, you know what? You mean nothing to me. I've made my bank.

But it burns your ass something fierce doesn't it? Coming after me with false accusations you have just made up out of thin air, shows you are a weak and ignorant fuck that acts about like a 14 year old kid. Bitcoin is the train that left the station without you. Suck it up, Buttercup, you're a fuck-up, enjoy living week to week for the rest of your shitty life.