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RE: The Bitcoin Thread (price and other bitcoin related topics) - billydingdong - 10-30-2019

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: The thing shitcoiners don't seem to grasp is that "bitcoin maximalists" have all dabbled in shitcoins and learned that they are at best pump and dumps, or worse outright scams. The ICO bubble in 2017 was a horrible moment for the overall space. It was one thing to dabble in shitcoins when they were able to outperform bitcoin in short term gains, but I think there was a certain moral irresponsibility in promoting any of them as they were clearly never going to gain any serious liquidity. We are almost in 2020 now and people STILL have not learned their lessons or their history. We now have institutional investors getting involved who are not going to touch any of that crap. I am most surprised that ethereum is still shilled, as it is an outright scam that will never scale and is centralized af. Ultimately some people are able to take advice from people that have learned through experience, and some people that just refuse to accept that anyone could possibly know better than them and to take their advice. Once I read "the bitcoin standard" by Saifedean late last year it finally clicked about why bitcoin was the only thing that mattered. At this point I started posting about it on RVF and was of course met with stark criticism and hate. Regardless, I have learned that ultimately you can lead horses to water, but you can't make them drink it. I am more on the side of Trace now where I am much more self-selecting with who I discuss this topic with as I want libertarian types on my side and not the socialist scum that makes up most of my generation. We are at the final stages of the altruistic phase of adoption, this next decade is going to be much more competitive. Leading people down the shitcoin path will only benefit people as it will allow them to stack their bitcoin bags bigger. Everyone is a scammer.

Off the mark.

Most people involved in those "shitcoins", i.e. the other crypto projects, started with Bitcoin but are participating in those other projects because they see an opportunity to capture value due to Bitcoin's inherent limitations.  Namely that it's slow as fuck, mining pools are concentrated in China, it lacks proper privacy features, it's not programmable, and that the proof of work consensus mechanism is an enormous waste of resources.

Many are willing to make trade offs between change resistance/absolute immutability if it entails proven transparent, responsible governance, evolution of the protocol, and enhanced convenience.

Also, many are worried about the 21M supply cap limit and its implication for Bitcoin's long-term security — there was even discussion of this on RVF. It's a great narrative, but we simply don't know if Bitcoin can sustain itself long-term as block rewards go away. Maybe it can, maybe it can't but up to this point we haven't seen a cryptocurrency secure its network without inflation via block rewards. The libertarian wet dream of 'hard money' sounds nice but like most dreams, at this point you have to be asleep to appreciate it.

Meanwhile the vast majority of developers and enterprises, those that spend their time building the actual infrastructure that will make crypto adoption possible, are overwhelmingly involved in other projects.

Ethereum alone has about 4x more devs working on it than Bitcoin and that doesn't even include adjacent projects like Chain Link, Augur, 0x, Maker, Khyber, Basic Attention Token etc. And on top of that, Ethereum and Bitcoin combined don't have more devs than the rest of the top 100 projects.

I'll repeat: Saying that you know better than all of the enterprises + devs who are pouring financial resources and manpower into other projects and that they're involved in an obvious 'scam' is foolish. You're free to love you some Bitcoin for whatever reason, but some perspective is in order.


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 10-30-2019

Here's a twitter link to a nice little one-minute video parody that show the dynamics of shitcoiners versus bitcoiners.  Well worth the watching time.   Wink


https://twitter.com/i/status/1189318156839510016


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 10-30-2019

Here are a couple of links to two tweets from early and mid June of this year of a lot of mumbo jumbo from PlanB @100trillionUSD that ultimately seem to make quite a bit of sense, even though I don't understand some of the technical jargon, thus my "mumbo jumbo" characterization.


1) June 11, 2019
https://twitter.com/100trillionUSD/status/1138457543741714432?s=20


 [Image: D8ybfFhWsAkLbMZ?format=jpg&name=small]


2)  June 4, 2019

https://twitter.com/100trillionUSD/status/1135848796091506688?s=20

[Image: D8NW8azWwAApXU4?format=png&name=small]


RE: The Bitcoin Thread (price and other bitcoin related topics) - Swordfish1010 - 10-30-2019

(10-30-2019, 07:23 PM)JayJuanGee Wrote:
(10-30-2019, 06:20 PM)Swordfish1010 Wrote:
(10-30-2019, 06:07 PM)JayJuanGee Wrote:
(10-30-2019, 05:49 PM)Swordfish1010 Wrote:
(10-30-2019, 07:47 AM)JayJuanGee Wrote: I am both glad that lots of smart peeps are working on these kinds of matters, and that I am patient.

In the meantime, my bitcoin continues to gain value in cold storage and perhaps easier ways to liquidate are being worked on, on an ongoing basis.

Yeah I was catching up with my old childhood friend last week and I directly said "bitcoin is humbling. I am not that rich, not that smart, and not that important." So many geniuses in this space its insane.

In some sense, the non-genius move becomes kind of genius, but I try NOT to take too much for granted that is for sure.  So overall, I already prepare for BTC's price to go in either direction, and hope for a minimum return that averages at least 6% per year in order to at least stay on par or to out perform my traditional investments that seem to return around 5.5% on average.  Anyhow, there definitely seems to be way more potential than 6% per year, but I have never really counted on it.

Of course, anyone can make mistakes in terms of both getting caught up in shitcoins or getting distracted by quasi-irrelevant arguments that shitcoiners tend to propound without really realizing that is what they are doing with the various kinds of true beliefs of how some of the shitcoins are supposedly better than bitcoin in various ways.

There is a certain realization that in order for a shitcoin, whether it is ethereum, bcash variants (abc or sv), ripple, monero, tron, eos, litecoin, stellar, or any of the other supposed contenders, need to improve upon bitcoin in considerably great ways, maybe 10x improvements in order to really be a meaningful contender.  There is a power in boring.  There is a power in networking effects.  There is a strength that bitcoin has with NOT being easy to change that diptwats nimwits (who might otherwise be really smart people) get distracted into thinking that one of bitcoin's major strengths is actually a weakness), and it is so easy to get distracted into such nonsense through being too smart for your own good.  

Surely, the market is going to speak more, and I think that it is already kind of speaking (which you seem to see that too, swordfish) in terms of the ongoing strength of king daddy in getting a lot of the incentives and the dynamics correct that allow developers, miners and users to freely decide - and to gravitate towards bitcoin's kind of logically sound shelling point... and just let the many scam attempts play out, because there is nothing even close to being on the horizons even though the ethereum pumpers seem to believe that they have something materially meaningful there within that smoke and mirrors with a side pumpening wagon feature.  There is no doubt that it is going to be pumped again, and maybe even have some periods of outperforming bitcoin in the short-term.. which will get many snot-nosed 14 year olds, and maybe even a few BIG named companies quite worked up too in terms of their ongoing confusing nonsense.   hahahahahaha

The thing shitcoiners don't seem to grasp is that "bitcoin maximalists" have all dabbled in shitcoins and learned that they are at best pump and dumps, or worse outright scams.


That is a bit of a funny kind of irony.  hahahahaha.

There are so many shitcoiners pumping their crap as if they had just invented something new, and it frequently is some kind of variation of another shitcoin project that had already been tried, or such an insignificant contribution that it is not likely to make much if any difference in the world - but it will be sold as if it were the best thing since sliced bread. hahahaha

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: The ICO bubble in 2017 was a horrible moment for the overall space. It was one thing to dabble in shitcoins when they were able to outperform bitcoin in short term gains, but I think there was a certain moral irresponsibility in promoting any of them as they were clearly never going to gain any serious liquidity.

I kind of agree with what you are saying, but I also have difficulties getting too morally judgmental regarding how various aspects of history played out in terms of suggesting that there was some kind of evil that might need to be stamped out or avoided because factually, the scamming and the hype and the bullshit seems to have had a decent amount of freemarket benefits in terms of attracting a lot of money to the space and sure some of that money is going to find its way around to bitcoin, and there surely were a lot of smart people and smart projects and smart talent that was diverted into the pumping and production of nearly absolute shit, but in the end, it seems almost an inevitable process that happens in the wild wild west, and as the space and regulations develop, then there will be some attempts to crack down on the worse of the scenarios and even may cause some temporary damage to bitcoin, if that is possible, but in the end, bitcoin's survival through that bullshit had caused bitcoin to become stronger in some ways in terms of learning from some of the projects and even being able to absorb any good aspects or to learn not to go down certain roads, too.  Even with the money, some folks probably thought that if they threw enough money at some projects, they might be able to pump the project in such a way that causes it to have momentum, but at the same time, some of the pumpers were able to find vehicles that caused them to prosper tremendously while sacrificing a lot of gullible dumb fucks to fail and to refuse to understand how much they were being manipulated by some systems that might have locked up their capital and caused the enriching of already rich scammers while some of those poor people became more poor with their desires and even actions to attempt to become rich (or at least less poor... that might not have worked out too well for a decent number of quasi-innocent people).

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: We are almost in 2020 now and people STILL have not learned their lessons or their history.

I am pretty sure that people are not going to learn, which is quite likely to result in another alt coin season.  Of course, it will likely NOT play out exactly in the same way as the last alt coin season, and maybe even some of those folks waiting for an alt coin season are going to end up getting screwed because they end up playing it wrong.. .. and surely many of those folks who get trapped are going to be way under invested in bitcoin, when perhaps more than 80% or more of their value should be in bitcoin, and maybe they either don't have any in bitcoin or they only have a few percentages in bitcoin, and end up getting screwed or at least providing fuel for others.  We will see.  There are surely going to be some folks that get lucky too because there will be decent money coming into the space and maybe even opportunistically pumping some already existing shitty project or even pumping some new variation of a project that is still shitty, but experiences a decently long period of pumpening.  I am not planning to play around with that bullshit, and I am pretty confident that there will be a decent number of guys calling me a dumbass while I am only getting 3x or 8x or even 20x profits while they are making many times more than me, blah blah blah, just like how these smart as fuck folks were behaving in 2017.... and some of those diptwats are still being pumped up as geniuses these days in some bitcoin related threads... and likely to come into this thread too.  

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: We now have institutional investors getting involved who are not going to touch any of that crap.

There are plenty of institutional investors who are just as distracted by shitcoins as regular peeps.

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: I am most surprised that ethereum is still shilled, as it is an outright scam that will never scale and is centralized af.

Exactly.  Case in point.  There are a lot of ethereum believers, and even smart people, so maybe it will pump and maybe it won't.  Even though I am not going to invest into it, there might be some folks who are able to play ethereum in such a way that they make way more money than me, and I don't give any shits because I largely agree with you that it is just a heap of pure garbage and mumble jumbo that happens to have decently large marketing that is based on pie in the sky phoney baloney, even if ethereum folks proclaim that there is no marketing happening... and ethereum is the next..  blah blah blah (whatever their new story happens to be).

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: Ultimately some people are able to take advice from people that have learned through experience, and some people that just refuse to accept that anyone could possibly know better than them and to take their advice.


I think that most of us have to plow some of our own path, and some will get burned more than others while learning through experience.  Of course, sometimes guys will be able to figure out ways to experience less downside by seeing some of what others have gone through, but in the end, it takes a while to learn various lessons whether the lessons came through bitcoin, shitcoins or other life experiences, investing or otherwise.

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: Once I read "the bitcoin standard" by Saifedean late last year it finally clicked about why bitcoin was the only thing that mattered. At this point I started posting about it on RVF and was of course met with stark criticism and hate.

hahaha  Some of those haters are everywhere.  Sometimes they do get a BIGGER grasp on certain threads or forums though.  The bitcoin topic, too, can be quite polarizing, and sometimes, administrators might neither understand the topic enough or they might even get caught up in shitcoin talking points, so even here, we cannot be sure exactly if some of the administrators or mods might end up chiming into this thread and even temporarily or permanently influencing its direction..and maybe even becoming too receptive to shitcoin talking points that might be less than genuine.. but still appearing genuine on the surface.  

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: Regardless, I have learned that ultimately you can lead horses to water, but you can't make them drink it. I am more on the side of Trace now where I am much more self-selecting with who I discuss this topic with as I want libertarian types on my side and not the socialist scum that makes up most of my generation.

It can be a bit funny how each of us evolves in this space, and even Trace has his moments of questionable behavior....  (I mean like sometimes he just seems overly mean about the level of suffering of newbies having to learn, which can come off as a bit elitist)... but of course, he has built a long term reputation as being fighting for the bitcoin cause, and in the end, I think that each of us should attempt to be responsible to engage in as much critical thinking as we are capable of, and sometimes even people who agree on a large number of areas might have some smaller areas in which they come to different conclusions about either objectives or methodology or even an ability to empathize with other people.  Of course, also, like you are saying, sometimes we have to be careful in terms of empowering people who are likely just going to act as attack vectors to our ideologies rather than really being genuine folks who are largely acting in good faith.


(10-30-2019, 06:20 PM)Swordfish1010 Wrote: We are at the final stages of the altruistic phase of adoption, this next decade is going to be much more competitive.

Maybe.  The space is getting BIGGER in terms of money coming in, and surely some hominess and coziness has gone away, but there will likely always be some needs to attempt to work with the opposition because sometimes people who seem to be enemies are going to come around, and not just faking it either, they genuinely had been fighting the opposite side and realize how dumb that they had been.  I do agree that sometimes, though, we do have to hold the bad behaviors of others against them for a long period of time until they actually prove that they are genuinely not engaging in bad behaviors.

(10-30-2019, 06:20 PM)Swordfish1010 Wrote: Leading people down the shitcoin path will only benefit people as it will allow them to stack their bitcoin bags bigger. Everyone is a scammer.


Hahahaha.  You admit to being a scammer?  I will admit that bitcoin allows incentives that everyone attempts to act in his own interest that allows for the whole to benefit, but gosh there is still some balance in the whole mix.. because acting greedy is likely o.k... just like I can work towards getting rich while promoting bitcoin, while there are levels of going over the line which causes me to no longer someone who is sufficiently playing on the same underlying understood and frequently unwritten rule book.

Agreed, ultimately it's all good and our individual evangelism doesn't really matter. stock to flow makes up 95% of price. Yeah I am a scammer for trolling RVF into getting them to short it out of hate towards me hahahaha.


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 10-30-2019

(10-30-2019, 10:15 PM)Swordfish1010 Wrote:
(10-30-2019, 07:23 PM)JayJuanGee Wrote: [edited out]

Agreed, ultimately it's all good and our individual evangelism doesn't really matter. stock to flow makes up 95% of price. Yeah I am a scammer for trolling RVF into getting them to short it out of hate towards me hahahaha.

hahahahaha

I don't really consider myself an evangelizer, but instead someone who remains interested in the bitcoin topic. Of course, I get annoyed when some people are spreading what I believe to be misinformation or disinformation or even propagating either gambling techniques or expressing what I perceive to be too much certainty regarding BTC's price direction in the short term.

I do get quite a bit of thrill though out of a bunch of guys seeming to come out of nowhere and to talk with a lot of certainty about bitcoin's negative price direction, and even if there are some decent odds that they could be correct, especially in the short term, it remains very pleasurable to see likely RECKT status if any of them had actually put substantial money into acting on their overly bold prediction, seeing BTC's price rise about 42% in less than 12 hours.

Also, sometimes guys try to assert that I am getting reckt when BTC's price drops by 20% or 50% in a correction cycle, and surely those assertions had a whole lot more resonance during my first couple of years in bitcoin when my BTC holdings were largely in the negative, and my primary come-back was just to say that all of the coins that I continue to acquire were bringing down my costs per BTC... blah blah blah... Seemed to have had taken a long time for that set of circumstances to work into my favor, and so in recent times, when BTC prices dropped from nearly $20k to a bit above $3k, my profitability from about 25x in profits to only 4x in profits, which surely there is a decent amount of feelings of opportunity costs pain in that, but I had already committed to a system in which I appreciated the tradeoffs which also ended up being degrees of profitability and equity rather than being in the red.

I suppose a considerable variety of BTC positions can be tailored to individual circumstances, but I will still seem like an evangelist at least in terms of my stronger insistence that guys should at least take a minor stake in bitcoin (such as 1%) once they’ve at least minimally ensured that their finances and cashflow are in a non-emergency and a kind of quasi-normal state.


RE: The Bitcoin Thread (price and other bitcoin related topics) - Swordfish1010 - 10-30-2019

(10-30-2019, 11:06 PM)JayJuanGee Wrote:
(10-30-2019, 10:15 PM)Swordfish1010 Wrote:
(10-30-2019, 07:23 PM)JayJuanGee Wrote: [edited out]

Agreed, ultimately it's all good and our individual evangelism doesn't really matter. stock to flow makes up 95% of price. Yeah I am a scammer for trolling RVF into getting them to short it out of hate towards me hahahaha.

hahahahaha

I don't really consider myself an evangelizer, but instead someone who remains interested in the bitcoin topic.  Of course, I get annoyed when some people are spreading what I believe to be misinformation or disinformation or even propagating either gambling techniques or expressing what I perceive to be too much certainty regarding BTC's price direction in the short term.

I do get quite a bit of thrill though out of a bunch of guys seeming to come out of nowhere and to talk with a lot of certainty about bitcoin's negative price direction, and even if there are some decent odds that they could be correct, especially in the short term, it remains very pleasurable to see likely RECKT status if any of them had actually put substantial money into acting on their overly bold prediction, seeing BTC's price rise about 42% in less than 12 hours.

Also, sometimes guys try to assert that I am getting reckt when BTC's price drops by 20% or 50% in a correction cycle, and surely those assertions had a whole lot more resonance during my first couple of years in bitcoin when my BTC holdings were largely in the negative, and my primary come-back was just to say that all of the coins that I continue to acquire were bringing down my costs per BTC... blah blah blah...   Seemed to have had taken a long time for that set of circumstances to work into my favor, and so in recent times, when BTC prices dropped from nearly $20k to  a bit above $3k, my profitability from about 25x in profits to only 4x in profits, which surely there is a decent amount of feelings of opportunity costs pain in that, but I had already committed to a system in which I appreciated the tradeoffs which also ended up being degrees of profitability and equity rather than being in the red.    

I suppose a considerable variety of BTC positions can be tailored to individual circumstances, but I will still seem like an evangelist at least in terms of my stronger insistence that guys should at least take a minor stake in bitcoin (such as 1%) once they’ve at least minimally  ensured that their finances and cashflow are in a non-emergency and a kind of quasi-normal state.

I love it. Bitcoiners are anti-fragile after everyone and their mom tells us how dumb we are, so we are used to it. It's just ironic how plebs with no background in anything related to bitcoin have the sheer confidence to tell us that we are the ones that don't understand. Some people just have to learn the hard way I guess. Yeah I held through the 20k to 3k drop also, and I literally had people ask why I didn't sell, like it is just so easy to predict. Hindsight is always 20/20. I predict the next bull run will have a lot of people try to time the top and lose their position greatly as the macro market has changed a lot already since the last bear and is only going to get worse with all this QE and negative interest rates. To quote American hodl, "I love being right."


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 10-30-2019

(10-30-2019, 11:27 PM)Swordfish1010 Wrote:
(10-30-2019, 11:06 PM)JayJuanGee Wrote: [ edited out]
Hindsight is always 20/20.

When I go back and invest based on hindsight, I always make a real killing. Never a mediocre killing, that seems to be my present status.

I am so so sad to ONLY be making a mediocre killing. Blush Tongue Tongue

Big Grin Big Grin


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 10-31-2019

(10-30-2019, 07:32 PM)billydingdong Wrote:
(10-30-2019, 06:20 PM)Swordfish1010 Wrote: The thing shitcoiners don't seem to grasp is that "bitcoin maximalists" have all dabbled in shitcoins and learned that they are at best pump and dumps, or worse outright scams. The ICO bubble in 2017 was a horrible moment for the overall space. It was one thing to dabble in shitcoins when they were able to outperform bitcoin in short term gains, but I think there was a certain moral irresponsibility in promoting any of them as they were clearly never going to gain any serious liquidity. We are almost in 2020 now and people STILL have not learned their lessons or their history. We now have institutional investors getting involved who are not going to touch any of that crap. I am most surprised that ethereum is still shilled, as it is an outright scam that will never scale and is centralized af. Ultimately some people are able to take advice from people that have learned through experience, and some people that just refuse to accept that anyone could possibly know better than them and to take their advice. Once I read "the bitcoin standard" by Saifedean late last year it finally clicked about why bitcoin was the only thing that mattered. At this point I started posting about it on RVF and was of course met with stark criticism and hate. Regardless, I have learned that ultimately you can lead horses to water, but you can't make them drink it. I am more on the side of Trace now where I am much more self-selecting with who I discuss this topic with as I want libertarian types on my side and not the socialist scum that makes up most of my generation. We are at the final stages of the altruistic phase of adoption, this next decade is going to be much more competitive. Leading people down the shitcoin path will only benefit people as it will allow them to stack their bitcoin bags bigger. Everyone is a scammer.

Off the mark.

Most people involved in those "shitcoins", i.e. the other crypto projects, started with Bitcoin but are participating in those other projects because they see an opportunity to capture value due to Bitcoin's inherent limitations. 

Get out of here, billydingdong with your obvious attempt at a spin that is hardly supported by either evidence or fair inferences of evidential support (facts or logic).

First of all, suggesting most people started with bitcoin and then they progressed to some shitcoin, what kind of facts/argument is that beyond nearly pure fantasy?

Also, you want to imply that people actually discovered that there is or was some kind of defect in bitcoin, and they were enlightened into shitcoins.  I know people can sometimes be really dumb, but they are likely not even as dumb as you are making them out to be.

(10-30-2019, 07:32 PM)billydingdong Wrote: Namely that it's slow as fuck, mining pools are concentrated in China, it lacks proper privacy features, it's not programmable, and that the proof of work consensus mechanism is an enormous waste of resources.

There you have it.  A list of unsupported shitcoin pumpening talking points.  Maybe not a complete list, but several of those dumb-ass talking points all in one spot, promulgated by sir billydingdong.  Go figure?

As far as I can see, those dumbass talking points don't really deserve further rebuttal beyond just pointing them out for what they are.  If you want to put forth some kind of meaningful evidence beyond your nonsense, then maybe they might be worth talking about; however, you are likely bordering upon off topicness for this thread, anyhow.  We bring up altcoins (aka shitcoins) in this thread in order to bash upon them, not in order to attempt to pump them - especially there should be no need for me to invite further facts for you to pump nonsense in this thread beyond your already just bringing up conclusory baloney that maybe attracts you to invest in various shit, and that is great, billydingdong.  Go forth and invest in those various shitty projects that you have in mind, and I suppose you can continue to fail and refuse to invest in bitcoin too, through your apparent muddled distraction of a mindset.

(10-30-2019, 07:32 PM)billydingdong Wrote: Many are willing to make trade offs between change resistance/absolute immutability if it entails proven transparent, responsible governance, evolution of the protocol, and enhanced convenience.


You are not listing further deficiencies of bitcoin, but merely just adding a few more unsubstantiated talking points.  Yeah dumbass shitcoin pumpers talk about these kinds of areas as if they were making meaningful improvements to bitcoin by attempting to address those kinds of issues, but they are largely fabricated problems in order to engage in deception and to pump various crappy projects and to divert from actually investing in bitcoin, which is the only real solid project that is worthy of actual long term investment rather than pump and dump hopenium.

(10-30-2019, 07:32 PM)billydingdong Wrote: Also, many are worried about the 21M supply cap limit and its implication for Bitcoin's long-term security — there was even discussion of this on RVF.

Gosh.  You are full of talking points, and providing a link to some other nonsense arguing that same point does not mean that Bitcoin's 21 million cap is actually a problem.  Yeah, there are people who are concerned about the 21 million cap because they realize that it is one of bitcoin's great strengths (scarcity). There has been no other project that has been designed to be a money that has created such consensus supported scarcity, and yeah, you and your goofball trolls would like to whine the fuck out of this issue and hopefully sew enough confusion in order to break bitcoin's consensus in such a way to convert a strength into a weakness.  Surely if bitcoin's scarcity were broken, then bitcoin would turn into any other fucking shitty ass project including fiat and various other cryptos that have not achieved any kind of consensus around such algorithmicly placed scarcity that is valued by the staunches of the bitcoin supports as one of bitcoin's primary and important tenants that will likely continue to be enforced through ongoing consensus, in spite of baby ass whiners like ur lil selfie.

I hate to break your opsec, billydingdong, but whining is surely not becoming on you, and I hate to show the picture proof of it here.

[Image: tantrum-baby.png]

(10-30-2019, 07:32 PM)billydingdong Wrote: It's a great narrative, but we simply don't know if Bitcoin can sustain itself long-term as block rewards go away.

I know that with your lame-ass ongoing support of ethereum, you are used to coins/projects putting forth unsubstantiated narratives, but this particular scarcity issue is a part of sound money, and it is not just a narrative, it is ingrained into consensus in such a way that it is highly unlikely to be changed, in spite of the loudness of the whining of the bitcoin naysayers and altcoin (aka shitcoin) pumpeningers.

(10-30-2019, 07:32 PM)billydingdong Wrote: Maybe it can, maybe it can't but up to this point we haven't seen a cryptocurrency secure its network without inflation via block rewards. 

I know you and I already bat this point around, so get the fuck out of here with your repetitive speculation about something that is 120 years down the road.. in terms of the disappearance of the block rewards. You are just engaged in baseless speculation about something that is still far to be seen, and bitcoin already has a built in mechanism to deal with gradual reduction of block reward sizes, also known as halvenings, which causes such genius incremental reduction of new supply that the whiners again want to speculate that one of bitcoin's strengths is a weakness... what speculative and baseless nonsense. Rolleyes

(10-30-2019, 07:32 PM)billydingdong Wrote: The libertarian wet dream of 'hard money' sounds nice but like most dreams, at this point you have to be asleep to appreciate it.

Yes. It is a wet dream that has been programmed into code that has been enforced through consensus for almost 11 years, and it is a paradigm shifting concept that involves proof of work and distributed consensus and difficulty adjustments that so many others are wishing that if ONLY they could have figured out the byzantine general's problem... well what the fuck? Bitcoin did it, and there are a lot of jealous fucks who are too goddamned dumb to invest some portion of their investment capital into it, and instead they complain about such an enormously wonderful feature as if it were a bug while at the same time striving to pump some pie in the sky other coin(s) that have not even been invented yet... get the fuck out of here with your baseless criticisms, billydingdong, and put 1% into bitcoin instead of complaining about it and investing in your pump and dump ethereum crappola or whatever other ICO or variation of a defi pie in the sky ERC20 ICO scam project (bitcoin 2.0, too) that you are excited about.

(10-30-2019, 07:32 PM)billydingdong Wrote: Meanwhile the vast majority of developers and enterprises, those that spend their time building the actual infrastructure that will make crypto adoption possible, are overwhelmingly involved in other projects.

Great!!!! Wonderful!!!! Magnificent!!!!!

Why aren't you posting about them in the STW crypto thread, rather than cluttering those distracting bullshit troll/shill claims, here in the BIG boys thread? Tongue

(10-30-2019, 07:32 PM)billydingdong Wrote: Ethereum alone has about 4x more devs working on it than Bitcoin and that doesn't even include adjacent projects like Chain Link, Augur, 0x, Maker, Khyber, Basic Attention Token etc. And on top of that, Ethereum and Bitcoin combined don't have more devs than the rest of the top 100 projects.

What the fuck good are all of those supposed developers doing you when bitcoin is outperforming them? What good are all of the supposed developers doing ethereum when they have not even figured out if they are going to run ethereum 1.0 or ethereum 2.0 and or some combination of the two? That is really going to do you a lot of good to have a bunch of developers fighting over which direction to take the various projects and just end up creating 4,000 alternatives to bitcoin rather than 2,000, but in the end, none of them really are providing any value beyond merely wanting to print their own money and to engage in various distractions to attempt to scam people out of their bitcoin.

Seems like a BIG ASS off topic distraction to me, so why you bragging about such meaningless nonsense here while attempting to act as if you are making relevant, valid and material points?

(10-30-2019, 07:32 PM)billydingdong Wrote: I'll repeat: Saying that you know  better than all of the enterprises + devs
Swordfish does not know shit, and neither do I, so get the fuck out of here billydingdong with your nonsense off topic attempt to suggest that there are better projects out there and the evidence and logic do not support your claims, and go rub elbows with your smarter than the rest BIG financial enterprises and developers in your ethereum, ICO and various other shitcoin projects. They likely need your help because the market surely is not reflecting such value that you would like to suppose those various shit projects to have.

(10-30-2019, 07:32 PM)billydingdong Wrote: who are pouring financial resources and manpower into other projects and that they're involved in an obvious 'scam' is foolish.

Yes... money flowing into other projects. Great. Maybe you will be getting a pumpening at some point? Hopefully soon because the vast majority of those projects have been doing pretty awefully badly, especially relative to bitcoin in the past year or so and maybe even moreso since early April of this year.

(10-30-2019, 07:32 PM)billydingdong Wrote: You're free to love you some Bitcoin for whatever reason, but some perspective is in order.

I doubt that you have provided any meaningful or significant perspective that is worthy of any real consideration, but I would imagine that if you posted it in another STW thread, then maybe you would at least be on topic, which would be a start. There are likely other guys (and gals) out there that would like to join your various shitty bitcoin wannabe (or alleged bitcoin 2.0) projects. Angel Angel


RE: The Bitcoin Thread (price and other bitcoin related topics) - Swordfish1010 - 10-31-2019

billydingdong keep shorting bitcoin please.


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 10-31-2019

(10-31-2019, 02:15 AM)Swordfish1010 Wrote: billydingdong keep shorting bitcoin please.

hahahahahaha

I don't think that he is shorting, so far, but shorting might be a good recommendation to supplement his beliefs in various other projects that are likely to kick bitcoin's ass (from his perspective).  Sucks for us bitcoin HODLers.  

[Image: image.jpg]


RE: The Bitcoin Thread (price and other bitcoin related topics) - Swordfish1010 - 10-31-2019

(10-31-2019, 02:23 AM)JayJuanGee Wrote:
(10-31-2019, 02:15 AM)Swordfish1010 Wrote: billydingdong keep shorting bitcoin please.

hahahahahaha

I don't think that he is shorting, so far, but shorting might be a good recommendation to supplement his beliefs in various other projects that are likely to kick bitcoin's ass (from his perspective).  Sucks for us bitcoin HODLers.  

[Image: image.jpg]

I blocked him lol I only saw your reply


RE: The Bitcoin Thread (price and other bitcoin related topics) - billydingdong - 10-31-2019

No problem swordy

Your neckbeard vibe won't be missed.  Smile


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 10-31-2019

(10-31-2019, 03:17 AM)billydingdong Wrote: No problem swordy

Your neckbeard vibe won't be missed.  Smile


I liked your wording before the edit, billydingdong.. but whatever, it is your discretion regarding how to express your level of snotty... or should I say snooty?


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 10-31-2019

Out of recognition of the 11 year anniversary of the publication of bitcoin's white paper, here is a link to a tweet that references such white paper and provides a quickie image of the first page of such white paper, like I am copying in this thread for ease of reference.

https://twitter.com/bitcoin/status/1189894737735471104?s=21


[Image: EINa9CEWoAEh6oc?format=png&name=small]


RE: The Bitcoin Thread (price and other bitcoin related topics) - billydingdong - 10-31-2019

Quote:First of all, suggesting most people started with bitcoin and then they progressed to some shitcoin, what kind of facts/argument is that beyond nearly pure fantasy?

You (try to) write eloquently but, as usual, lack understanding.

Most of those involved in other projects first started in Bitcoin, myself included. No mention about those currently involved in Bitcoin.


Quote:Also, you want to imply that people actually discovered that there is or was some kind of defect in bitcoin, and they were enlightened into shitcoins.  I know people can sometimes be really dumb, but they are likely not even as dumb as you are making them out to be.

Sometimes I wonder how some Bitcoin Maximalists can be so dumb...

Other projects are more interesting for those who actually want to move the ball forward:
  • Bitcoin is not programmable, many other blockchains are.
  • Bitcoin does not offer  private transactions. Many others do.
  • Bitcoin can only process 5 - 7 transactions per second. Many others can process more.
  • Bitcoin's proof of work is resource hungry. Many others are seeking to implement less wasteful consensus mechanisms.

If you follow the space, it's the smarter people, certainly from a raw intelligence perspective, that are moving into the other projects as Bitcoin's value proposition becomes more tenuous. As I've said before, Bitcoin's best case scenario seems to be a store of value commodity asset class a la digital gold.


Quote:As far as I can see, those dumbass talking points don't really deserve further rebuttal beyond just pointing them out for what they are.  If you want to put forth some kind of meaningful evidence beyond your nonsense, then maybe they might be worth talking about; however, you are likely bordering upon off topicness for this thread, anyhow. 

Pointing out Bitcoin's shortcomings are very topical in the Bitcoin thread.

Calling the specific objections I raised above 'talking points' doesn't negate the fact that these doubts exist for many nor their validity.

Sorry JJG, but if anyone is whining here it's you, pouting about 'TalKIng PoinTS' when people have expressed legit doubts that you don't seem to want to take on.

Quote:There has been no other project that has been designed to be a money that has created such consensus supported scarcity, and yeah, you and your goofball trolls would like to whine the fuck out of this issue and hopefully sew enough confusion in order to break bitcoin's consensus in such a way to convert a strength into a weakness.

Sorry JJG, but this 'strength' is only applicable if it is long-term sustainable. And there's no evidence as of yet of a blockchain crypto that can maintain its security on transaction fees alone and without inflation subsidies to its miners.

I understand that you only want to talk about pie-in-the-sky-dreamboat-everything-happy in Bitcoin land, but many may be interested what the risks of a fixed hard cap might be.

I'll repeat: if Bitcoin is secured by miners who receive an inflation subsidy + transaction fees, and if that subsidy is going to be slashed by more than 90% in the coming 10 years while transaction fees are presently nowhere near enough to replace that subsidy, then that is a risk vector for those of us that are long-term investors (as I am).

Not all of us are so careless and uncritical with our wealth. Wink


It's regrettable you have to pout like a toddler every time anyone points out these downsides while calling them 'TalKIng PoinTS' and not offering any kind of rebuttal.

But the central difference between us, sir,  is that I'm an equal opportunity critic and not a desperate advocate — I'm intellectually honest enough to acknowledge the risks for any crypto project including the ones I see as superior. It's easy to do that when the majority of my holdings are NOT in crypto, since I still view it as speculative at this point.

Quote:Yes... money flowing into other projects.  Great.  Maybe you will be getting a pumpening at some point?  Hopefully soon because the vast majority of those projects have been doing pretty awefully badly, especially relative to bitcoin in the past year or so and maybe even moreso since early April of this year.

Still early innings, mate. For blockchain + crypto we're barely entering the 'early adopters' stage. You're gloating about a 10 point lead 5 minutes into the game.


When you consider that Bitcoin's tech talent, progress, and dev adoption is junior varsity level, I'd be  a lot more circumspect. Wink


RE: The Bitcoin Thread (price and other bitcoin related topics) - Swordfish1010 - 10-31-2019

My mk3 coldcard came today Smile

Going to set it up with my full node and wasabi today. Cypherpunk af


RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 10-31-2019

(10-31-2019, 05:00 PM)billydingdong Wrote:
(10-31-2019, 02:10 AM)JayJuanGee Wrote: First of all, suggesting most people started with bitcoin and then they progressed to some shitcoin, what kind of facts/argument is that beyond nearly pure fantasy?

You (try to) write eloquently but, as usual, lack understanding.

Most of those involved in other projects first started in Bitcoin, myself included. No mention about those currently involved in Bitcoin.

O.k. Fair enough regarding your re-iteration of what seemed to had been your previous point regarding possibility the extent to which a lot of shitcoiners happened to have started in bitcoin.

I suppose that my main objection was your attempting to create an impression that bitcoiners are leaving bitcoin based on shitcoin merit, when probably a more plausible explanation would have been that they frequently want to attempt to get rich quick or print money or some other nonsensical distractions away from working on BIG daddy. There could be some actually valid reasons too, I will grant you that.

(10-31-2019, 05:00 PM)billydingdong Wrote:
(10-31-2019, 02:10 AM)JayJuanGee Wrote: Also, you want to imply that people actually discovered that there is or was some kind of defect in bitcoin, and they were enlightened into shitcoins.  I know people can sometimes be really dumb, but they are likely not even as dumb as you are making them out to be.

Sometimes I wonder how some Bitcoin Maximalists can be so dumb...

Other projects are more interesting for those who actually want to move the ball forward:

"more interesting"? Yeah right. That sounds like a euphemism for a desire to engage in some kind of distraction, and missing the importance of king daddy.

(10-31-2019, 05:00 PM)billydingdong Wrote:
  • Bitcoin is not programmable, many other blockchains are.

Sounds like you are just making shit up here. You really believe that bitcoin is not programable, even though you would likely acknowledge that it is based on underlying software programming, no?

(10-31-2019, 05:00 PM)billydingdong Wrote:
  • Bitcoin does not offer  private transactions. Many others do.

  • There is some privacy in bitcoin, but maybe not as much as some folks would like. Of course, several aspects of bitcoin still being developed. Don't rush a good thing, billy. Tongue


    (10-31-2019, 05:00 PM)billydingdong Wrote:
  • Bitcoin can only process 5 - 7 transactions per second. Many others can process more.

  • Probably your facts are a little off here regarding bitcoin's capabilities today, historically, and what is necessary. You are implying that there is some necessity that bitcoin processes more transactions, but even if you look at transactions actually processed bitcoin is processing way more than any other chain... but in the end, who cares about other chains. Bitcoin is not broken in this regard because it processes enough for the current state of the market and it has mechanisms in place for both expansion, spikes in transactions and even some second layer aspects.

    If you are trying to suggest that bitcoin is less scaleable than ethereum, then you don't have very favorable facts in front of you currently regarding relative scaleability of the two, do you?


    (10-31-2019, 05:00 PM)billydingdong Wrote:
  • Bitcoin's proof of work is resource hungry. Many others are seeking to implement less wasteful consensus mechanisms.

  • your facts are wrong here, too, even though there are a lot of nonsense talking points on this topic from bitcoin naysayers, no coiners and alt coin pumpers.


    (10-31-2019, 05:00 PM)billydingdong Wrote: If you follow the space, it's the smarter people, certainly from a raw intelligence perspective, that are moving into the other projects as Bitcoin's value proposition becomes more tenuous.


    Hahahahaha.. Good luck with that. If you guys are so smart, what the fuck you doing on this bitcoin thread spouting out your smartness when we are not going to get it anyhow? In other words, why not spout your smartness in some other altcoin appropriate thread and let us continue wallowing here in our dumbness.


    (10-31-2019, 05:00 PM)billydingdong Wrote: As I've said before, Bitcoin's best case scenario seems to be a store of value commodity asset class a la digital gold.

    I am so glad that you said it, but bitcoin gives no shits about what you think or what a large number of peeps think, including myself. It is what it is, and it seems that there are a decently large number of people using bitcoin as a hedge against other assets, a way to transfer value without permission and just those two ways, in themselves seem to cause a certain amount of descriptions as a storage of value.. .. I am saying descriptive not prescriptive in terms of what seems to be happening.. which likely will mean that it will continue to be used in similar directions into the future.. absent no major bug or something like that... no I don't consider competition from shitcoins as being a bug, because there isn't one shitcoin project that even comes close to providing any meaningful level of competition to bitcoin, even your beloved house of cards, aka ethereum.

    (10-31-2019, 05:00 PM)billydingdong Wrote:
    (10-31-2019, 02:10 AM)JayJuanGee Wrote: As far as I can see, those dumbass talking points don't really deserve further rebuttal beyond just pointing them out for what they are.  If you want to put forth some kind of meaningful evidence beyond your nonsense, then maybe they might be worth talking about; however, you are likely bordering upon off topicness for this thread, anyhow. 

    Pointing out Bitcoin's shortcomings are very topical in the Bitcoin thread.

    I suppose that such bitcoin shortcoming topic(s) could be topical or relevant if you were not merely spouting out nonsensical altcoin pumpening points, and if you really had anything meaningful and substantive to say.


    (10-31-2019, 05:00 PM)billydingdong Wrote: Calling the specific objections I raised above 'talking points' doesn't negate the fact that these doubts exist for many nor their validity.

    Calling them talking points means that they are not really substantive... and who gives any ratt's asses about your nonsense? You rarely bring up anything that is really accounting for the actual factual situation rather than just quasi-irrelevant bullshit that would likely be more appropriate in another crypto (shitcoin) pumpening thread. AmiNOTrite?


    (10-31-2019, 05:00 PM)billydingdong Wrote: Sorry JJG, but if anyone is whining here it's you

    Yes... I suppose I am whining about you whining (aka shill/trolling)

    (10-31-2019, 05:00 PM)billydingdong Wrote: , pouting about 'TalKIng PoinTS' when people have expressed legit doubts that you don't seem to want to take on.

    It is not necessary to take on any of your talking points. If you want to substantiate your talking points then do it. I am not stopping you, but the burden is not on me to rebutt your bullshit beyond dismissing it or giving it a cursory response... and maybe I have already been too nice to attempt to give you any benefit of the doubt in responding to your repetitive and largely nonsubstantiated nonsense.

    (10-31-2019, 05:00 PM)billydingdong Wrote:
    (10-31-2019, 02:10 AM)JayJuanGee Wrote: There has been no other project that has been designed to be a money that has created such consensus supported scarcity, and yeah, you and your goofball trolls would like to whine the fuck out of this issue and hopefully sew enough confusion in order to break bitcoin's consensus in such a way to convert a strength into a weakness.

    Sorry JJG, but this 'strength' is only applicable if it is long-term sustainable. And there's no evidence as of yet of a blockchain crypto that can maintain its security on transaction fees alone and without inflation subsidies to its miners.

    O.k. Don't invest in bitcoin because you believe that it is not sustainable beyond 120 years. I would think that investment horizons should be a bit shorter, but whatever, you can speculate about distance nonsense all that you like when bitcoin happens to be plane that is flying in the air while being built, but you want to project something 120 years into the future that would change the whole design of the thing that is already flying pretty damned good and good enough to be an investement whether 5-10 years or even some other period of time, but speculating about something that might not even happen 120 years into the future makes no sense.

    (10-31-2019, 05:00 PM)billydingdong Wrote: I understand that you only want to talk about pie-in-the-sky-dreamboat-everything-happy in Bitcoin land,

    I did not say that you diptwat.


    (10-31-2019, 05:00 PM)billydingdong Wrote: but many may be interested what the risks of a fixed hard cap might be.

    O.k. You made your point... Now move along little fly. Tongue


    (10-31-2019, 05:00 PM)billydingdong Wrote: I'll repeat: if Bitcoin is secured by miners who receive an inflation subsidy + transaction fees, and if that subsidy is going to be slashed by more than 90% in the coming 10 years while transaction fees are presently nowhere near enough to replace that subsidy, then that is a risk vector for those of us that are long-term investors (as I am).

    Ok. You said it... and I will repeat that you should not invest into bitcoin if you believe that this is some kind of major problem in the immediate future.


    (10-31-2019, 05:00 PM)billydingdong Wrote: Not all of us are so careless and uncritical with our wealth. Wink

    Who is suggesting that anyone should be careless or uncritical with our wealth? I surely am not saying that. I am saying that guys need to figure out for themselves how they should invest, and I am also saying that most guys should take at least a 1% stake in bitcoin once they have their finances in order.. I am probably saying some other things too, but I am not saying to either be careless or uncritical, so you must be referring to someone else.

    (10-31-2019, 05:00 PM)billydingdong Wrote: It's regrettable you have to pout like a toddler every time anyone points out these downsides while calling them 'TalKIng PoinTS'

    It's regrettable that you cannot find another thread to spout out your irrelevant nonsense.

    (10-31-2019, 05:00 PM)billydingdong Wrote: and not offering any kind of rebuttal.

    I have no burden to rebut you any more than I already have....

    (10-31-2019, 05:00 PM)billydingdong Wrote: But the central difference between us, sir,  is that I'm an equal opportunity critic and not a desperate advocate

    Characterize yourself however you like, and now buzz off. Big Grin

    Regarding my supposed desperation: How do you conclude that? You conclude that I am "desperate" because I frequently say that you are full of shit rather than entertaining your self-ascribed valid and important points?


    (10-31-2019, 05:00 PM)billydingdong Wrote: — I'm intellectually honest enough to acknowledge the risks for any crypto project including the ones I see as superior.

    Now you are saying that I am not intellectually honest? I am not sure about what risk in bitcoin I have not acknowledged?

    Yes, maybe I assign different values from you regarding amount of risk or probability of risk or imminency of risk but still, I have sufficiently addressed each and everyone of your nonsense points to the extent that they merit any response, and probably I have responded too much and given you too much benefit of the doubt with your self-ascribed superior status.

    (10-31-2019, 05:00 PM)billydingdong Wrote: It's easy to do that when the majority of my holdings are NOT in crypto, since I still view it as speculative at this point.

    Yes. You are more supposedly objective, good for you.

    You have not bought any bitcoin, so you are objective. Good for you.

    Do you believe that you are the first person to ever assert purported objectivity based on not owning any of something as if that suggests that your failure and refusal to take a position is less biased?

    You are also suggesting that I am talking my book, which I would suggest is likely more of a exaggeration from you rather than a reality. I believe that I sufficiently couch and disclose my position so guys are able to make their own choices and to recognize that I am not trying to trick them or whatever you seem to want to suggest with your purported higher level of objectivity relative to me. Rolleyes Rolleyes



    (10-31-2019, 05:00 PM)billydingdong Wrote:
    (10-31-2019, 02:10 AM)JayJuanGee Wrote: Yes... money flowing into other projects.  Great.  Maybe you will be getting a pumpening at some point?  Hopefully soon because the vast majority of those projects have been doing pretty awefully badly, especially relative to bitcoin in the past year or so and maybe even moreso since early April of this year.

    Still early innings, mate. For blockchain + crypto we're barely entering the 'early adopters' stage. You're gloating about a 10 point lead 5 minutes into the game.

    Fair enough. I am surely not writing off the ability of shitcoins to pump.. that's for sure.


    (10-31-2019, 05:00 PM)billydingdong Wrote: When you consider that Bitcoin's tech talent, progress, and dev adoption is junior varsity level, I'd be  a lot more circumspect. Wink

    Hm? I did not know that. News to me. Those are rhetorical responses. No need to further elaborate, but I am sure that you are biting at the chomps for any opening to elaborate on your vague and likely mostly nonsense additional above assertions.


    RE: The Bitcoin Thread (price and other bitcoin related topics) - Swordfish1010 - 10-31-2019

    Now all we need here is spurs fan with his easy money 6.5 short advice

    It’s funny, all of them gave horrible advice that if anyone listened to they would have got rekt, but I’m asshole because I called them out for it. This is how poor people must think. Professional victims. Bitcoin isn’t for you pussies.


    RE: The Bitcoin Thread (price and other bitcoin related topics) - JayJuanGee - 10-31-2019

    (10-31-2019, 06:40 PM)Swordfish1010 Wrote: Now all we need here is spurs fan with his easy money 6.5 short advice

    It’s funny, all of them gave horrible advice that if anyone listened to they would have got rekt, but I’m asshole because I called them out for it. This is how poor people must think. Professional victims. Bitcoin isn’t for you pussies.

    Well, you are correct with your implication that the themes regarding advising various bitcoiners to get out continue to be the same through the years.  Fuck, if I had listened to all the advice from the supposed experts, I would probably be poor right now.   I frequently say that I do not have high expectations regarding where I expect bitcoin to go, at least in terms of my own investment, so in that regard, I prepare myself for about a 6% per year return.  Currently I happen to be 8x to 12x above my expectations in bitcoin profits, so it is all cushion.  It is nice to have a 8x to 12x cushion, yet guys like billydingdong want to proclaim how expert they are, and to clear the record and to prepare guys for downside risk.  Fuck, I frequently want to prepare guys for the downside risk of shitcoins compared with bitcoin... especially when they are pumpening the shit out of that garbage, but it becomes a hard thing to do when alt season comes, presuming that alt season could come again, some day...... .  

    The bitcoin naysayers, no coiners and altcoin pumpeners also want to suggest that they are saving other guys from me (or from the perils of bitcoin), as if I was doing anything beyond talking about a subject that I like.  As if I was fucking telling guys what to do in terms of their investments.  I give two fucks whether guys decide to invest in bitcoin or not, but if they want to talk about their contemplations, I am more than willing to talk about it, even if the guys are skeptical about bitcoin, or even if they are newbies or even if they are attempting to figure out how to get their finances in order first or if they want to gamble (I am not so excited about those kinds of gambling inclined discussions, personally unless the guy is trying to work on gambling less).


    RE: The Bitcoin Thread (price and other bitcoin related topics) - Swordfish1010 - 10-31-2019

    (10-31-2019, 09:01 PM)JayJuanGee Wrote:
    (10-31-2019, 06:40 PM)Swordfish1010 Wrote: Now all we need here is spurs fan with his easy money 6.5 short advice

    It’s funny, all of them gave horrible advice that if anyone listened to they would have got rekt, but I’m asshole because I called them out for it. This is how poor people must think. Professional victims. Bitcoin isn’t for you pussies.

    Well, you are correct with your implication that the themes regarding advising various bitcoiners to get out continue to be the same through the years.  Fuck, if I had listened to all the advice from the supposed experts, I would probably be poor right now.   I frequently say that I do not have high expectations regarding where I expect bitcoin to go, at least in terms of my own investment, so in that regard, I prepare myself for about a 6% per year return.  Currently I happen to be 8x to 12x above my expectations in bitcoin profits, so it is all cushion.  It is nice to have a 8x to 12x cushion, yet guys like billydingdong want to proclaim how expert they are, and to clear the record and to prepare guys for downside risk.  Fuck, I frequently want to prepare guys for the downside risk of shitcoins compared with bitcoin... especially when they are pumpening the shit out of that garbage, but it becomes a hard thing to do when alt season comes, presuming that alt season could come again, some day...... .  

    The bitcoin naysayers, no coiners and altcoin pumpeners also want to suggest that they are saving other guys from me (or from the perils of bitcoin), as if I was doing anything beyond talking about a subject that I like.  As if I was fucking telling guys what to do in terms of their investments.  I give two fucks whether guys decide to invest in bitcoin or not, but if they want to talk about their contemplations, I am more than willing to talk about it, even if the guys are skeptical about bitcoin, or even if they are newbies or even if they are attempting to figure out how to get their finances in order first or if they want to gamble (I am not so excited about those kinds of gambling inclined discussions, personally unless the guy is trying to work on gambling less).

    Lol you are becoming more toxic, I love it. Totally agree. It's morally irresponsible what they are doing.