Over $60 billion gone from cryptocurrencies in 24 hours as bitcoin crashes hard - Page 2 - GoFuckYourself.com

pimpmaster9000 · 03-19-2018, 07:37 AM

Quote:

Originally Posted by jscott

You've been playing this "i know everything, you know nothing" to everyone in all these threads for a very long time now

.... so repetative and absurd, you're like a dummy doll. It takes balls to admit that you are wrong. Grow some dude. or at least grow up

he is completely right about bitcoin and all the current cryptos...

they are far too volatile for actual business
they are far too complicated for normal people
they are far too easy to manipulate in price by whales
they are not decentralized when miners can swing such a big dick and when 95% of all coins belong to the top 2% of all wallets
they are not anon in any way
they are way to fragile considering a "blip" in the news causes massive crashes
they offer no advantage to "the king" = customer...customers do not want irreversible payments...

and last but not least: everybody is using it for "instant lambos"...when the price stabilizes they will drop it like its hot...you know this, I know this, everybody knows this...I just love trading crypto because its fun but i would never hold it...

you crypto guys have gold fever...you are being emotional and not seeing reality...you are the "porn coins" equivalent LOL you solve no problems but bring only new ones to the table...

blockchain is a great technology but the current cryptos are all doomed...a government crypto is the only thing that will emerge out of this and everybody will flock to it for security...security and current cryptos are the exact opposite things...

jscott · 03-19-2018, 07:39 AM

What is a noicoiner?

Quote:

A Nocoiner is a person who has no Bitcoin. Nocoiners (usually Socialists, Lawyers or MBA Economists ) are people who missed their opportunity to buy Bitcoin at a low price because they thought it was a scam, and who is now bitter at having missed out. The nocoiner takes out his or her bitterness on Bitcoin Hodlers, by constantly claiming that Bitcoin will crash, is a scam, is a bubble, or other types of easily refuted FUD. Nocoiners have little to no computer skills or imagination; even when they see the price of Bitcoin go up and its adoption spread they consider all Bitcoin users to be in a collective delusion, with only themselves as the ones who can see what is happening.

pimpmaster9000 · 03-19-2018, 07:41 AM

Quote:

Originally Posted by jscott

What is a noicoiner?

Noun[edit]
gold fever (countable and uncountable, plural gold fevers)

(literally) A feverish obsession with seeking gold ore.
(figuratively) An excessive craving for profit.

ruff · 03-19-2018, 10:02 AM

Quote:

Originally Posted by thommy

good point
because without real porn you would not have digital porn.
and without real money this number of zeros and ones would also mean nothing.

just imagine what that would mean for someone who sells goods or need to know production costs for the next season. i wondering how this "smarties" want to realize that with a currency what have a volatility like day and night.

I spoke with a lot of crypto fans and all they have in common is: NO CLUE

Money is just a device to measure value. What is this "real money" you refer to? There is absolutely no difference in crypto and fiat except what individuals place on it. Fiat is regulated, centralized and controlled by government. They can decide if your money is worth anything or not at any time. The US, at one point, made 10,000 and 1,000 dollars bills illegal with a time period to declare them for taxation. You either showed the government your money or not. If not, your money was worthless. Government cannot control BTC so your arguments about comparison or validity mean nothing.

The Porn Nerd · 03-19-2018, 10:14 AM

Quote:

Originally Posted by jscott

What is a noicoiner?

I wonder how much Bitcoin thommy and crucifissio have bought and now own?

I wonder this because both seem determined to shit on everyone, prove they are right and feel superior BUT they have no skin in the game so this is all just intellectual masturbation for them.

I would ignore the naysayers and treat Bitcoin like any other long-term investment.

thommy · 03-19-2018, 10:28 AM

Quote:

Originally Posted by ruff

Money is just a device to measure value. What is this "real money" you refer to? There is absolutely no difference in crypto and fiat except what individuals place on it. Fiat is regulated, centralized and controlled by government. They can decide if your money is worth anything or not at any time. The US, at one point, made 10,000 and 1,000 dollars bills illegal with a time period to declare them for taxation. You either showed the government your money or not. If not, your money was worthless. Government cannot control BTC so your arguments about comparison or validity mean nothing.

it is not that easy as you say.

yes money is nothing else than a promise - but what is a promise behind bitcoin and a promise behind a country?

A. If a country is bankrupt:

1. all reverse dept they have will be taken
2. they will not get any loans in the future til they have paid the old dept and the
fast loans they need will be so terrible expensive that it is cheaper to pay the dept
3. the successor in title is held liable - FOREVER - they can vote 100 years
a new government and they will be still in dept.
4. they can not even earn interest because as soon as they buy bonds from another
country the money is gone.

a country is definitely bankrupt when all people there are leaving. do you really think that this will ever happen?

B. If the bitcoin crahes:

NOTHING HAPPENS - some people made a lot of money (and this will be the criminals who made it big) and this win comes from the majority who lost it.
THAT`S IT !

why do you think countries had the idea of currencies?
because multi currency is not good for trade. this is why most european countries are using the Euro in the meantime.

this is the only way what can give a reliable forecast because a Euro will still be a Euro next year when a German company orders from a french or spanish or italian.
before the always had the exchange risk.

bitcoin is not a currency - it is a gambling - the same as when you go to las vegas and play poker or roulette. you can win or lose but we all know that losers HAVE TO BE the majority because without them there would not be a few big winners.

the theory to replace money with cybercurrency would damage the whole planet because nobody would spend money because they would thing it is rising.

there is a town in switzerland what got famous to be the bitcoin town.
you can pay everywhere there with bitcoin BUT nobody does ! in the whole town 20 people paid in 2017 with bitcoin and in this 20 people where mostly journalists what wanted to test it.

so if nobody uses a currency HOW do you want to make biz and trades?

there is no value in crypto and nobody you can held reliable for it.

the blockchain will succeed - it will be part of our existing system where you can pay with a credit card or make a wire - same as you used to do it now (maybe a bit more complicated).
the only thing what will happen than is that every financial office in the world will know HOW MUCH money you sepnd FOR WHAT, TO WHOM and they will know FROM WHOM you got it and WHERE HE GOT IT FROM.

so where is the big freedom in that?

there is still enough black money in the market that this game will go on for a while.
after all is washed or the market is regulated it is just a long number of zeros and ones.
just worth the disk space you saved them.

thommy · 03-19-2018, 10:34 AM

Quote:

Originally Posted by The Porn Nerd

I wonder how much Bitcoin thommy and crucifissio have bought and now own?

I wonder this because both seem determined to shit on everyone, prove they are right and feel superior BUT they have no skin in the game so this is all just intellectual masturbation for them.

I would ignore the naysayers and treat Bitcoin like any other long-term investment.

i did not buy one. I found 10 on an old external disc from the time when I wanted to know what it is and mined them on my laptop.
and yes i sold them 300 dollars under the top level.

i really don´t know if I have more somewhere else but if you are interested in this huge one time chance I have around 50 old discs here what i can sell you for 1000 dollar each.
maybe you are lucky. BUT: no guarantee if there are bitcoins or only old porn pics.
in the last case you only have to wait until pornpics are back to 20.000 each because they become the new world currency ;-)

jscott · 03-19-2018, 10:43 AM

Quote:

Originally Posted by thommy

i did not buy one. I found 10 on an old external disc from the time when I wanted to know what it is and mined them on my laptop.
and yes i sold them 300 dollars under the top level.

i really don´t know if I have more somewhere else but if you are interested in this huge one time chance I have around 50 old discs here what i can sell you for 1000 dollar each.
maybe you are lucky. BUT: no guarantee if there are bitcoins or only old porn pics.
in the last case you only have to wait until pornpics are back to 20.000 each because they become the new world currency ;-)

and you think bitcoin is scam?

check your own self lol

The Porn Nerd · 03-19-2018, 10:44 AM

Quote:

Originally Posted by thommy

i did not buy one. I found 10 on an old external disc from the time when I wanted to know what it is and mined them on my laptop.
and yes i sold them 300 dollars under the top level.

i really don´t know if I have more somewhere else but if you are interested in this huge one time chance I have around 50 old discs here what i can sell you for 1000 dollar each.
maybe you are lucky. BUT: no guarantee if there are bitcoins or only old porn pics.
in the last case you only have to wait until pornpics are back to 20.000 each because they become the new world currency ;-)

So for YOU BTC is "gambling", found money, nothing to worry about....so what is the difference if I bought 10 at a low price and sit on them for years until I make as much as you did?

For that NOT to happen BTC would have to be worth much less in the future, or nothing at all. THIS is what you are betting on? Then you are a fool. A fool who found some money and now thinks he "knows" everything about BTC and its' future. LOL OK thommy sure sure.

BTC is a gamble but so is most "investing". You can't "spend" stocks or bonds either. You must convert them into cash, just like with BTC.

Besides, IF you are right years from now and BTC goes to zero and goes away, what if I sell mine just before it crashes, at the top end, and make a killer profit? Hmmm? Then I will be just like the great thommy! Ironic, isn't it?

There are high risk investments and "safer", more stable, investments. Now if you had ALL your money in BTC then yes I would agree you are a fool. But if you have say 20% of your investment in BTC and the other 80% in "safe" investments what's the big harm? You make it sound like it's 1929 again and people are about to jump out of windows. LOL

ruff · 03-19-2018, 11:20 AM

Quote:

Originally Posted by thommy

it is not that easy as you say.

yes money is nothing else than a promise - but what is a promise behind bitcoin and a promise behind a country?

A. If a country is bankrupt:

1. all reverse dept they have will be taken
2. they will not get any loans in the future til they have paid the old dept and the
fast loans they need will be so terrible expensive that it is cheaper to pay the dept
3. the successor in title is held liable - FOREVER - they can vote 100 years
a new government and they will be still in dept.
4. they can not even earn interest because as soon as they buy bonds from another
country the money is gone.

a country is definitely bankrupt when all people there are leaving. do you really think that this will ever happen?

B. If the bitcoin crahes:

NOTHING HAPPENS - some people made a lot of money (and this will be the criminals who made it big) and this win comes from the majority who lost it.
THAT`S IT !

why do you think countries had the idea of currencies?
because multi currency is not good for trade. this is why most european countries are using the Euro in the meantime.

this is the only way what can give a reliable forecast because a Euro will still be a Euro next year when a German company orders from a french or spanish or italian.
before the always had the exchange risk.

bitcoin is not a currency - it is a gambling - the same as when you go to las vegas and play poker or roulette. you can win or lose but we all know that losers HAVE TO BE the majority because without them there would not be a few big winners.

the theory to replace money with cybercurrency would damage the whole planet because nobody would spend money because they would thing it is rising.

there is a town in switzerland what got famous to be the bitcoin town.
you can pay everywhere there with bitcoin BUT nobody does ! in the whole town 20 people paid in 2017 with bitcoin and in this 20 people where mostly journalists what wanted to test it.

so if nobody uses a currency HOW do you want to make biz and trades?

there is no value in crypto and nobody you can held reliable for it.

the blockchain will succeed - it will be part of our existing system where you can pay with a credit card or make a wire - same as you used to do it now (maybe a bit more complicated).
the only thing what will happen than is that every financial office in the world will know HOW MUCH money you sepnd FOR WHAT, TO WHOM and they will know FROM WHOM you got it and WHERE HE GOT IT FROM.

so where is the big freedom in that?

there is still enough black money in the market that this game will go on for a while.
after all is washed or the market is regulated it is just a long number of zeros and ones.
just worth the disk space you saved them.

RE: Venezuela

thommy · 03-19-2018, 11:34 AM

Quote:

Originally Posted by ruff

RE: Venezuela

venezuela is not bankrupt yet because it is not that easy to run a country into bankrupcy.

the russians gave the a new credit in november. nobody is interested to see a country in bankruptcy.

maybe you come now with a RE: Argentina

they really HAD declared bankruptcy in 2001 and in 2016 they paid 9,3 billion back from this dept to get a chance to be allowed on the financial markets again.
the dept from before the bankruptcy is still on the table. there is no statute of limitations because state bankruptcies are not regulated.

the dept will always be present and there will always come a situation to force a country to pay back.

so what other arguments you have ?

thommy · 03-19-2018, 11:44 AM

Quote:

Originally Posted by The Porn Nerd

So for YOU BTC is "gambling", found money, nothing to worry about....so what is the difference if I bought 10 at a low price and sit on them for years until I make as much as you did?

there is NOTHING wrong with it as long as nobody tells you you WILL win.

i know people who lost their house because they took a loan on it in november.
and bought the crap for 16.000 dollar.

if someone KNOWS that he is gambling - up to them.
i just tell you that all arguments what makes that a serious deal are nonsense because the only base is a nice wish as nothing else.
if you sit together with 5 people on the poker table SURE I can tell you that at least ONE of them will win. but have you ever seen such a poker table with only winners?

there MUST be losers to make profit - there is no other way - you don´t have to be einstein to know that. and this is what i have not heard yet from someone who tells me "buy bitcoin and get rich".

there is NOTHING wrong with it as long as nobody tells you you WILL win.

i know people who lost their house because they took a loan on it in november.
and bought the crap for 16.000 dollar.

if someone KNOWS that he is gambling - up to them.
i just tell you that all arguments what makes that a serious deal are nonsense because the only base is a nice wish as nothing else.
if you sit together with 5 people on the poker table SURE I can tell you that at least ONE of them will win. but have you ever seen such a poker table with only winners?

there MUST be losers to make profit - there is no other way - you don´t have to be einstein to know that. and this is what i have not heard yet from someone who tells me "buy bitcoin and get rich".

this 1:1 the marketing of a ponzi.
a ponzi would also never end if there would be unlimited people comming.

and now i want to give you a little math to think about:
actually there are around 16.8 million bitcoins around.
if your bitcoin will increase ONE SINGLE DOLLAR approximately 20.000.000 dollar where paid into the system.

think about that.

jscott · 03-19-2018, 11:46 AM

Quote:

Originally Posted by thommy

"buy bitcoin and get rich".

i'd like to know who is saying this

OneHungLo · 03-19-2018, 11:59 AM

WHATEVER tommy's investment advice is do the opposite..the guy is a totally clueless shitheel.

thommy · 03-19-2018, 12:14 PM

Quote:

Originally Posted by OneHungLo

WHATEVER tommy's investment advice is do the opposite..the guy is a totally clueless shitheel.

everyone is free to follow your advise.
i just say what I THINK - and you say what others TOLD YOU to think.

but you have a lot of them in us - so don´t worry - the game will go a little longer and you will find enough blinds in your country.

it is just not my character to get rich from making poor idiots even poorer - this jacket fits more in your wardrobe.

and anyway - i have already all what i need and more as i can spend for a good life.
i don´t need to gamble.

The Porn Nerd · 03-19-2018, 12:27 PM

Quote:

Originally Posted by thommy

there is NOTHING wrong with it as long as nobody tells you you WILL win.

i know people who lost their house because they took a loan on it in november.
and bought the crap for 16.000 dollar.

if someone KNOWS that he is gambling - up to them.
i just tell you that all arguments what makes that a serious deal are nonsense because the only base is a nice wish as nothing else.
if you sit together with 5 people on the poker table SURE I can tell you that at least ONE of them will win. but have you ever seen such a poker table with only winners?

there MUST be losers to make profit - there is no other way - you don´t have to be einstein to know that. and this is what i have not heard yet from someone who tells me "buy bitcoin and get rich".

there is NOTHING wrong with it as long as nobody tells you you WILL win.

i know people who lost their house because they took a loan on it in november.
and bought the crap for 16.000 dollar.

if someone KNOWS that he is gambling - up to them.
i just tell you that all arguments what makes that a serious deal are nonsense because the only base is a nice wish as nothing else.
if you sit together with 5 people on the poker table SURE I can tell you that at least ONE of them will win. but have you ever seen such a poker table with only winners?

there MUST be losers to make profit - there is no other way - you don´t have to be einstein to know that. and this is what i have not heard yet from someone who tells me "buy bitcoin and get rich".

this 1:1 the marketing of a ponzi.
a ponzi would also never end if there would be unlimited people comming.

and now i want to give you a little math to think about:
actually there are around 16.8 million bitcoins around.
if your bitcoin will increase ONE SINGLE DOLLAR approximately 20.000.000 dollar where paid into the system.

think about that.

Here is some math for you thommy, please think about it:

Arrogance + ignorance = ?

You assume people are fucking idiots. ANYONE who takes a loan out on their home for a Bitcoin investment is, in a word, nuts. But just because YOU know of fucking moronic idiots who take mortgages out to buy Bitcoin (or lottery tickets) doesn't mean this represents ALL Bitcoin investors. LOL

WILL you "win" if you invest in the US Stock Market? Over time the answer is always YES.
WILL you "win" if you invest in Bitcoin? Over time (so far) the answer has been YES.

jscott · 03-19-2018, 12:53 PM

Quote:

Originally Posted by The Porn Nerd

Here is some math for you thommy, please think about it:

Arrogance + ignorance = ?

You assume people are fucking idiots. ANYONE who takes a loan out on their home for a Bitcoin investment is, in a word, nuts. But just because YOU know of fucking moronic idiots who take mortgages out to buy Bitcoin (or lottery tickets) doesn't mean this represents ALL Bitcoin investors. LOL

WILL you "win" if you invest in the US Stock Market? Over time the answer is always YES.
WILL you "win" if you invest in Bitcoin? Over time (so far) the answer has been YES.

Omg thank you for that post man!!!! Voice of reason in effect!!!

Smack dat · 03-19-2018, 02:32 PM

Bitcoin will be over $30k by the end of the year.

Your friends that bought at 16k need to chill the fuck out.

overdose · 03-20-2018, 06:18 AM

you know what gone be over 30k$ by the end of this year my debits LOL........

ruff · 03-20-2018, 08:07 AM

Most everything in this thread is like a fart in a windstorm. It's just opinions. Some like BTC and some don't. The point is that, as a BTC hodler, I don't really pay attention to anyone that doesn't have skin in the game. Why would I? Is someone here smarter than me? If so, prove it or STFU. Some of you Luddites need to move forward to the future. If only one thing, you can counterfeit a $20 dollar bill but you can't a bitcoin.

ilnjscb · 03-20-2018, 11:04 AM

Quote:

Originally Posted by ilnjscb

You are exactly correct and it is inevitable

Quote:

Originally Posted by thommy

what is the difference between digital currency and a bank wire or creditcard payment where no cash money is used at all?

so all what will happen is that the blockchain technology will swap over somehow because with this technology countries are able to follow each transaction through millions of hand to the source.

crypto will not bring more freedom - it will take freedom from us.

Quote:

Originally Posted by jscott

you agree with that fool?

On this statement, yes. I have, I suppose, a dark view of the future. I see governments co-opting the technology and enforcing it so they can instantly see all transactions and trace any individual transaction. He is presupposing that digital currency will eventually be used the way every other digital service now is, to infringe on privacy.

I see the push away from gold, cash, etc, as a part of this trend.

To clarify, I definitely believe digital currency 2.0 is the new currency. I do not agree that it is a huge bust, etc. It will revolutionize commerce, etc.

pimpmaster9000 · 03-20-2018, 06:20 PM

btc is overbought...the oracle has spoken!

03-19-2018, 11:59 AM	#64
OneHungLo Colonizer Industry Role: Join Date: May 2001 Location: Your mom's front hole Posts: 37,658	WHATEVER tommy's investment advice is do the opposite..the guy is a totally clueless shitheel. __________________ “Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. ― Calvin Coolidge

03-19-2018, 02:32 PM	#68
Smack dat So Fucking Banned Industry Role: Join Date: Jul 2016 Posts: 4,613	Bitcoin will be over $30k by the end of the year. Your friends that bought at 16k need to chill the fuck out.

03-20-2018, 06:18 AM	#69
overdose So Fucking Banned Industry Role: Join Date: Mar 2012 Posts: 358	you know what gone be over 30k$ by the end of this year my debits LOL........

03-20-2018, 08:07 AM	#70
ruff I have a plan Industry Role: Join Date: Aug 2004 Location: WA - St Kitts Posts: 5,425	Most everything in this thread is like a fart in a windstorm. It's just opinions. Some like BTC and some don't. The point is that, as a BTC hodler, I don't really pay attention to anyone that doesn't have skin in the game. Why would I? Is someone here smarter than me? If so, prove it or STFU. Some of you Luddites need to move forward to the future. If only one thing, you can counterfeit a $20 dollar bill but you can't a bitcoin.

03-20-2018, 06:20 PM	#72
pimpmaster9000 Too lazy to set a custom title Industry Role: Join Date: Dec 2011 Posts: 26,732	btc is overbought...the oracle has spoken!