Cryptocurrency - a few tips from an old hand

[Nik123]

Lol it wasn't a backhanded compliment, there wasn't a compliment, just insulting the other posters in this thread as well. And I am aware you are a finance bro, I said you don't know shit about bitcoin and blockchain.

If you were even slightly confident in what you know bro, you would take me up on my challenge bro.

But here’s the thing bro, it’s crystal clear you don’t know 10% of what I do - about finance, markets, crypto markets, or blockchain.

But hey - opinions are like arseholes, everyone’s got one.

Take it easy, bro.

 

[THEfightsAREfixed]

If you were even slightly confident in what you know bro, you would take me up on my challenge bro.

But here’s the thing bro, it’s crystal clear you don’t know 10% of what I do - about finance, markets, crypto markets, or blockchain.

But hey - opinions are like arseholes, everyone’s got one.

Take it easy, bro.

Nah I would like to keep this on the open forum, so we all may learn from your wisdom.

What's your thoughts on factom?

 

[THEfightsAREfixed]

Not a bad entry point. Was at almost $11 a few weeks ago (but was around $1 when I first started this thread). My guess would be in the $50-150 range by year end, based on project milestones, pain point solved, and target market size (user base).

Good prediction here, ethos trading at 15 cents currently

 

[Nik123]

Nah I would like to keep this on the open forum, so we all may learn from your wisdom.

What's your thoughts on factom?

I’m bored of this thread for now. Don’t be scurred, drop me a PM if you want my thoughts, bro.

I’ll drop you a hint - Factom has a solid hash based protocol built off the bitcoin blockchain, but I am not fully sold on token utility. From a token economics standpoint - a very low token supply coin, so there are multiple factors to be aware of. The team is solid - led by a serial entrepreneur though. I could write an essay for you, but not on here.

If you want to look for scraps of information as you are so painfully clueless, drop me a message - I will mercifully educate you bro.

I’ve spent way too much time on here with a variety of strongly opinionated but very basic minded folks. I’ll drop back in a few months on the inevitable market upswing to see how many retards are still left standing.

Peace out, bro.

 

[THEfightsAREfixed]

I’m bored of this thread for now. Don’t be scurred, drop me a PM if you want my thoughts, bro.

I’ll drop you a hint - Factom has a solid hash based protocol built off the bitcoin blockchain, but I am not fully sold on token utility. From a token economics standpoint - a very low token supply coin, so there are multiple factors to be aware of. The team is solid - led by a serial entrepreneur though. I could write an essay for you, but not on here.

Sure man, I don't need your hints, just interested to see what you think.

When you get unbored let me know. I'll probably send you a message, I want to see your charts.

 

[THEfightsAREfixed]

If you want to look for scraps of information as you are so painfully clueless, drop me a message - I will mercifully educate you bro.

I’ve spent way too much time on here with a variety of strongly opinionated but very basic minded folks. I’ll drop back in a few months on the inevitable market upswing to see how many retards are still left standing.

Peace out, bro.

Understandable, I know how difficult it can be to have the same conversation over and over again.

And your information isn't correct, factom isn't led by a serial entrepreneur, Peter Kirby hasn't been CEO since last year.

 

[Nik123]

Understandable, I know how difficult it can be to have the same conversation over and over again.

And your information isn't correct, factom isn't led by a serial entrepreneur, Peter Kirby hasn't been CEO since last year.

Thanks mate. I meant Kirby has launched a number of businesses in the past, but I am not clear on success rates, project burn rates, and how far he has stuck with them.

But yeah, I’ll get back to your PM.

Nik123, out.

 

[Dark One]

I usually enjoy a good train wreck but this is becoming hard to read. I hope you didn't lose too much Nik

 

[THEfightsAREfixed]

I usually enjoy a good train wreck but this is becoming hard to read. I hope you didn't lose too much Nik

The thing is he isn't posting his trades, so it's completely unknown what his positions are. It's more likely he's made money than not, given that it's the crypto market.

That doesn't mean you would have made money by following the implications and advice in this thread though.

That said, you retards should be accumulating bitcoin right now and holding it for 5-10 years.

 

[Dark One]

It's more likely he's made money than not, given that it's the crypto market.

That said, you retards should be accumulating bitcoin right now and holding it for 5-10 years.

I understand you think that preaching this kind of advice to others could cause your failed investments to rise a little, but it's very unethical to involve other people in this mess. You would have to be a moron to buy Bitcoin as an investment at this point. The sharps who bought and sold as it was rising last year are the ones who made money.

If you would advise people to buy Bitcoin as an investment instead of invest in the market, you are either very sinister or very stupid. Either way your opinion doesn't hold any weight.

 

[POWER2]

 

[THEfightsAREfixed]

I understand you think that preaching this kind of advice to others could cause your failed investments to rise a little, but it's very unethical to involve other people in this mess. You would have to be a moron to buy Bitcoin as an investment at this point. The sharps who bought and sold as it was rising last year are the ones who made money.

If you would advise people to buy Bitcoin as an investment instead of invest in the market, you are either very sinister or very stupid. Either way your opinion doesn't hold any weight.

Lol ive been in crypto for a few years now, I'm not an engineer but I have a working knowledge of the tech and told people to buy bitcoin at 400$ in 2015 and I'm sure you would have said the same thing then. You are talking about something you don't know much about but your response is predicable and you are trying to be careful where you put your money or keep other people from investing foolishly and I can respect that atleast.

 

[THEfightsAREfixed]

This is why there is still a lot of money to be made in crypto.

You guys must be shorting right? I can link you to places you can get in a short if you are not already in one.

Please short right now.

 

[POWER2]

So what you mean is you have no idea what you are talking about

What I'm saying is that you need to take an economics class. Or make friends with some extremely wealthy people so they can tell who the world actually works.

Bitcoin exists to con people like you out of money that IS backed by governments. You're giving your money up for nothing in exchange.

There are only 2 logical reasons to acquire bitcoin: as an investing tool, which can be cashed out later in life to live on. Which would be foolhearty because no one knows or guarantees bitcoin's future value. OR you acquire bitcoin to raise your on-paper networth, so you leverage it (offer it as collateral) on short-term, expensive business ventures. When you buy bitcoin, you're helping people who are already wealthy, increase their networth, essentially subsidizing the wealth gap. In short, investing in bitcoins is for incredible idiots or incredibly clever rich people (provided idiots are also involved).

 

[THEfightsAREfixed]

What I'm saying is that you need to take an economics class. Or make friends with some extremely wealthy people so they can tell who the world actually works.

Bitcoin exists to con people like you out of money that IS backed by governments. You're giving your money up for nothing in exchange.

There are only 2 logical reasons to acquire bitcoin: as an investing tool, which can be cashed out later in life to live on. Which would be foolhearty because no one knows or guarantees bitcoin's future value. OR you acquire bitcoin to raise your on-paper networth, so you leverage it (offer it as collateral) on short-term, expensive business ventures. When you buy bitcoin, you're helping people who are already wealthy, increase their networth, essentially subsidizing the wealth gap. In short, investing in bitcoins is for incredible idiots or incredibly clever rich people (provided idiots are also involved).

Yeah you don't know shit about bitcoin your just repeating some dumb meme someone told you.

People have been using bitcoin to buy things online and send value across the internet since it's conception. One of primary critiques 5 years ago was it was only used for illegal dark web purchasing of drugs ala Silk Road, Ross Ulbrict etc. People also use the same argument as its also useful for money laundering. Allows you send to value across government borders and outside of the legacy financial system.

Any large market largely serves to make the rich richer but the fact that's bitcoin has become liquid enough to serve that purpose lies in direct conflict of your basic premise anyways.

Bitcoin mining and the hash power that ha grown as the network matures is what is backing it. The decntralization and deflationary aspect are what makes it different than fiat.

Go read the bitcoin white paper and do your homework, you are talking about something you don't know much about. And the idea it's for idiots or clever rich people is contradictory and makes no sense, many people got rich who weren't before off crytpocurrency it's absurd to assert otherwise.

 

[Orgasmo]

This is why there is still a lot of money to be made in crypto.

You guys must be shorting right? I can link you to places you can get in a short if you are not already in one.

Please short right now.

Shorting would mean I would put money into it. Why would I throw money in a flaming dumpster?

You buy cryptocurrency hoping the next guy buys it off you for more. That's the only thing giving it value. That's the very definition of a speculative commodity, which unlike real commodities trading, there is no actual goods behind that transaction.

 

[THEfightsAREfixed]

Shorting would mean I would put money into it. Why would I throw money in a flaming dumpster?

You buy cryptocurrency hoping the next guy buys it off you for more. That's the only thing giving it value. That's the very definition of a speculative commodity, which unlike real commodities trading, there is no actual goods behind that transaction.

Shorting means you would borrow to sell more bitcoin than you own on leverage or it would be more difficult but possible to short CBOE futures with fiat. You could get in a short without owning crypto.

Try here: https://simplefx.com/

Bitcoin is actual ownership of a digital asset, unlike stocks and in which there is no real delivery of a stock after the removal of bearer bonds and the creation of the holding company. Commodities is mostly artificial as well you aren't going to get delivery of those assets. You can completely audit and track the entire bitcoin blockchain yourself it's an open source project and a public ledger.

You are dumb and talking about something you don't know shit about.

 

[Orgasmo]

Shorting means you would borrow to sell more bitcoin than you own on leverage or it would be more difficult but possibles to short CBOE futures with fiat.

Bitcoin is actual ownership of a digital asset, unlike stocks and commodities in which there is no real delivery of a stock anymore after the removal of bearer bonds and the creation of the holding company.

You are dumb and talking about something you don't know shit about.

Yes, you actually have to put up your own money to short something you numb nuts. You'd have to borrow and sell the Bitcoin in this case, pay interest on the loan, then give back lender the Bitcoin at a lower price. You hope to pocket the difference after the price fall. It's above you crypto fanboys in terms of market calculation. You are notoriously terrible at predicting the future like the TS, who's 98% down since he posted this garbage.

You don't own shit with Bitcoin. There is no actual physical commodity other than digits of zeros and ones stored somewhere. Unlike stock, you do not own part of a company that offers products/services as revenue stream. Unlike actual currency, you have no legal tender status and thus no backing from government. It's purely used for purchasing illegal goods over the internet, but you can't even do that anymore since prices are so volatile.

Having skyrocketing prices followed by spectacular crashes is the very antithesis of a stable trading medium. You should be charged with fraud for promoting this shit scheme. Don't lose your last dozens of dollars.

 

[Orgasmo]

Ouch! $7,500 to mine a single shit coin that's only worth $4200 at the moment. Investment of the future right there!

Cryptocurrency mining operations in China are reportedly selling mining machines by weight, as opposed to price per unit. This selloff was reported by local Chinese crypto outlet 8BTC Wednesday, Nov. 21, with reference to the cryptocurrency mining pool F2Pool.

Cryptocurrency markets experienced widespread decline throughout last week, with Bitcoin (BTC) declining to as low as $4,300 per coin.

https://cointelegraph.com/news/chin...-mining-devices-by-kilo-amidst-market-decline

 

[POWER2]

Yeah you don't know shit about bitcoin your just repeating some dumb meme someone told you.

People have been using bitcoin to buy things online and send value across the internet since it's conception. One of primary critiques 5 years ago was it was only used for illegal dark web purchasing of drugs ala Silk Road, Ross Ulbrict etc. People also use the same argument as its also useful for money laundering. Allows you send to value across government borders and outside of the legacy financial system.

Any large market largely serves to make the rich richer but the fact that's bitcoin has become liquid enough to serve that purpose lies in direct conflict of your basic premise anyways.

Bitcoin mining and the hash power that ha grown as the network matures is what is backing it. The decntralization and deflationary aspect are what makes it different than fiat.

Go read the bitcoin white paper and do your homework, you are talking about something you don't know much about. And the idea it's for idiots or clever rich people is contradictory and makes no sense, many people got rich who weren't before off crytpocurrency it's absurd to assert otherwise.

you can't even spell decentralization. you couldn't fathom how uninformed you are. lol