Thread: Is Bitcoin an imploding ponzi??...

Originally Posted by Bestbud

The real value of Bitcoin might be ... $0

Morgan Stanley on bitcoin: 'the value would be 0' - Business Insider

The analyst from Morgan Stanley also should have mentioned that as a private investor who majorly screws-up by ignoring basic facts and even minimal common sense, you won't have available to you 100bil+ from the US Fed Reserve to keep you afloat. Nope, no bailout for your blunders and you're just broke instead because you're not too big to fail.

NUK

Bitcoin Tumbles Over Exchange-Closure Fears...

https://www.bloomberg.com/news/artic...s-are-possible

Here are some resources with no referrals that I regularly use

Charts and other technical info
https://coinmarketcap.com

News
https://bitcoinist.com
https://www.ccn.com

Forum
https://bitcointalk.org

To check something if seems dodgy
https://badbitcoin.org

Mining profitability and such
https://www.coinwarz.com/cryptocurrency

If you guys decide to trade well I trade too with more or less success. Don't use leverage and try not to lose everything. Find info about exchanges on the forum, don't hold all eggs in one basket and learn to use and move every currency.
I use exchanges like kucoin, bittrex, cryptopia and yobit, however my holdings on yobit are very tiny. I obviously don't hold everyhing in exchange wallets. Only what I use to trade.

According to your logic people must chew your food and spit it in your mouth or it must be a scam.
Have fun missing out on the biggest profit.
You don't even read the technical descriptions linked in my posts.
I mean ETH is entering a new band on the logarithmic scale but that is too much math for you to understand.
If that is not a definite buy signal I don't know what is.

Originally Posted by cloudchecker

According to your logic people must chew your food and spit it in your mouth or it must be a scam.

I'm here to play the foil and make people rethink investing with this sort of logic.

Originally Posted by cloudchecker

Hello people,
I was scanning for reviews of this specific program when I stumbled upon this forum thread. I am in this kind of business so I will check it out.
The valid questions regarding such programs as this one are:
-Does it pay?

My only red flag might be the "too good to be true" price.

I'll give it a try

CoinGeneration.com OPPORTUNITY or Scam?

Peter Lynch once said something to the effect of "most people spend more time planning their vacations than they do investigating investments" and "never invest in anything you can't explain with a crayon." I find both of those maxims very valuable.


Colloquially I may have referred to Bitcoin as a scam, although I don't even know if I said that. What I have been very consistent about Sally Strawman are my concerns about it as an investment divorced from the technology. Too many people are willing to send their money to a promoter of "X" opportunity as opposed to having an audited, perhaps even insured third party hold the money. The result in the former is almost always predictable, the promoter has been faking returns and the money is gone.

Originally Posted by cloudchecker

I use exchanges like kucoin, bittrex, cryptopia, however my holdings on yobit are very tiny. I obviously don't hold everyhing in exchange wallets. Only what I use to trade

Any number of people have woke up to find their Bitcoin wallet has been drained; this was and is an unacceptable and unnecessary risk to me. Now that Wall Street has entered the game things on the risk(avoiding scams) front are more appealing as I posted earlier. Enjoyably though you were too busy throwing a temper tantrum about making train noises and having to spoon feed me to notice.

Drained wallets are not bitcoins fault. It's user error. It is sloppy security practices on your side.
Your wallet is only as secure as you make it.
Losing your wallet to bad actors is a common thing. Not more or less common than other money handling accounts.
Which I would not doubt in your case as you are a complete moron. Maybe JesusSaves777 is not a really good password.

As I have said you are completely clueless about crypto. I mean I linked the sources for you. All the literature, directly from the authors.
All in vain when it's a retard like you.

In case you missed it, I don't even give a referral link to my whatever business you assume I do. I don't need one and I'm not here to build a downline.
A computer literate person would actually read the whitepapers and make sense of them. "Oh maybe I can run this on my machine and see how it works"
Not you though because everything is a scam for you.
It's easy money but you need to know a thing or two about computers. On the Bitcoin network you run them to execute a cryptographic function and verify transactions.
You would know that by now if you could read the bloody whitepapers.
There is nothing shady about running computers and providing a function for money. It's only bullshit when there are people like behind that coingeneration nonsense.
Address your complete lack of IT knowledge and we can talk.
Jesus Christ what an imbecile.

Virtually every scam blog of any significance has some dupe or pimp with a version of "you guys call everything a scam".


Bit Billions - bitbillions.com

USI-tech claims its' sale of unregistered securities in US "legal"

DIGITEX "Bitcoin Futures Trading"

Bit Club Network - bitclubnetwork.com

Originally Posted by Strawman Sally d.b.a Dunning-Kruger & Sally

Not you though because everything is a scam for you.

I've been posting here for eight years this month; If I've called something a scam you believe not to be a scam please quote me in full and in context.

Originally Posted by Talking her book Sally

In case you missed it, I don't even give a referral link to my whatever business you assume I do.

In case you missed it I could not care less what you do. You own Bitcoin and showed up telling people to buy Bitcoin. That's no different than posting a referral link now is it?

Originally Posted by Strawman Sally

A computer literate person would actually read the whitepapers and make sense of them. "Oh maybe I can run this on my machine and see how it works"

There is nothing shady about running computers and providing a function for money.

If someone wants to mine crypto they should research it and do it. I've never said there was anything shady about it as long as the miner is in control of their machines. Personally, I don't want to mine crypto anymore than I want to own rental real estate or a snow cone franchise. For all your FIGJAM-ing you sure do tilt easily and miss major points.

The problem with "mining" lies in all the plug and pay being sold as passive income such as Dunamis Mining, The likes of Ari Maccabi - Ponzi Pimp Is His Brand make all sound so easy. Too many people get sucked into a hot market with the promise of turning an apple into an orchard. FFS the same mining scam was run three times out of the same address Dunamis listed. Probably a dozen or more mining threads on RealScam that all ended the same way.

Originally Posted by Carnival Barker Sally

It's easy money

No such thing for the masses.

Originally Posted by Sally Bart Mall Cop

Drained wallets are not bitcoins fault. It's user error. It is sloppy security practices on your side.
Your wallet is only as secure as you make it.
Which I would not doubt in your case as you are a complete moron. Maybe JesusSaves777 is not a really good password.

My password is Moses-Invest$419, hopefully the addition of a random symbol will be up to snuff.

Originally Posted by The Po Po

German authorities who seized a convicted hacker’s wallet containing over 1,700 bitcoin (BTC) – worth at least $64.7 million at today’s prices – have hit a brick wall when trying to access the coins.

Hacker Refuses to Hand Police Password for Seized Wallet With $6.5M in Bitcoin

Originally Posted by Sally Bart Mall Cop

Losing your wallet to bad actors is a common thing. Not more or less common than other money handling accounts.

Yes, and when your money is held by many custodians there is protection against hacking.

Originally Posted by The Simple Dollar

However, most brokerage firms do have policies stating that they will reimburse you for any amounts lost to “unauthorized activity” as long as you take some basic precautionary steps. These steps vary from firm to firm, but generally include the following:

Creating strong passwords and security questions
Keeping your login and account information private
Keeping contact information up to date
Monitoring your accounts, statements, and transaction confirmations on a regular basis
Notifying the brokerage firm promptly of any suspicious activity
Cooperating with the brokerage firm during any investigation of suspicious activity

For example, you can see Vanguard’s policy here, Schwab’s policy here, and TD Ameritrade’s policy here. You should also be able to look up your current custodian’s “fraud policy” by Googling it.

As we'll see in our next post there's are valid reasons to have your money held with traditional custodians. While I don't know the details, I'll bet there will be protections built in for some portion of the above.

Originally Posted by Bitwise ETF Offering

If approved by FINRA, shares in the Bitwise fund would be available for trading in traditional brokerage accounts and could be held with traditional custodians, according to the release.

Bitwise Files for Approval to Publicly Trade Its Bitcoin Fund

Read the bloody whitepapers.

Originally Posted by cloudchecker

Read the bloody whitepapers.

What's black and white and read all over???

My neighbor's newspaper when I get up before he does.



Juxtaposed with your incessant prattling I found something interesting in today's paper.

A few tidbits...

Originally Posted by Andy Kessler

In November 2018, New York state Attorney General Letitia James invoked the Martin Act to begin an investigation into iFinex, which owns Tether and the Bitfinex cryptocurrency exchange, “in connection with ongoing activities that may have defrauded New York investors.”

All that glitters is not gold. In 2019 Tether subtly updated its claim to say reserves “may include other assets and receivables from loans made by Tether to third parties.” Tether has even admitted it only has 74% of the cash or cash equivalents to back its stablecoin. Hmmm. Basically unbacked.

On Medium a few weeks ago, a poster named Crypto Anonymous (for what it’s worth, know your customer) did some digging and found that as much as two-thirds of bitcoin buys on any given day were purchased with tether, though crypto bulls insist that Chinese crypto investors use tether as a way to buy bitcoin. Try verifying that! The chart of bitcoin vs. tether issuance sure looks correlated, but a study published at the Center for Economic and Policy Research found no correlation. And I should note that wallet provider Coinbase, the largest holder of Bitcoin, says it “does not support USDT.” Do they know something?

So all crypto eyes are on mid-February. The power of the subpoena is strong. I have no insight into what New York’s attorney general will find. She might close the investigation and go on her merry way because there’s no crime, or uncover a fraud that could make Bernie Madoff look like he was stealing from a lemonade stand.


Behind the Bitcoin Bubble - WSJ

The Bit Short: Inside Crypto’s Doomsday Machine | by Crypto Anonymous | Jan, 2021 | Medium

Ribshaw is torn between the joy he gets exacerbating Sally's mouth breathing and the satisfaction of providing useful content. Every time he thinks of those chubby little cheeks getting all flush, well let's just say content suffers.


Wall Street putting out stuff like this that people wildly overpay for...


“The people who are buying into crypto are saying I don’t understand Bitcoin, just give me a reasonably constructed index,” said Kyle Samani, co-founder and managing partner at Multicoin Capital. “I don’t think they can justify the premium, I just think they don’t know what they’re buying. That’s not justifiable, that’s just ignorance.” Bloomberg - Are you a robot?


People still willing to pay 74% more than the sum of the parts???

Market Price yesterday's close $55 / Net Asset Value $31.52
Bitwise - Cryptocurrency Index and Beta Fund Provider

Message board still littered with people that have not a clue what they are buying???

BITWISE 10 CRYPTO INDEX FD UNIT (BITW) Stock Forum & Discussion - Yahoo Finance

Sally's return???

The only people that buy the bottom and sell the top are the liars.

However, when funds in certain sectors start to blow up and liquidate; when Wall Street loses interest sometimes opportunity is a knocking. The West Texas May Oil Futures Contract closed negative on April 20, 2020. Bloomberg - Are you a robot? Something like this happens every few years. Some energy funds were and have been liquidating since that time. What return could have been realized if an investor bought a large basket of energy stocks during the mayhem?

What happened if an investor bought when Wall Street lost interest in Bitcoin?

Originally Posted by CNBC Article

Published Mon, Mar 18 2019 when Bitcoin was around $4,000.

Cboe to stop listing bitcoin futures as interest in crypto trading cools

Originally Posted by How Womack made a Killing by John Train

His technique was the essence of simplicity.

When he saw that the newspapers and TV were full of dire predictions about the market and warnings of doom and gloom were everywhere, he jumped in his truck, drove to town and bought a bunch of stocks that had fallen a lot and paid dividends. He then drove home and went back to doing whatever it is farmers do with their time.

When he saw a few years later that the news was now full of confident forecasts of continually rising stock prices and bold headlines of the massive profit potential of stocks, he drove back to town and sold them. He went back to farming until the news once again turned dark and ugly and repeated the process.

How Investing Is Like Farming - Doubling Dollars

Two other Crypto products GBTC (holds Bitcoin) and has traded for some time. ETHE (holds Ethereum) and started trading June 2019. As with BITW above some people that bought during the second week of trading may have to wait years just to break even. As far as I know both trade at a slight premium to their net asset value. Personally I like to see Wall Street's involvement for reasons I have previously stated, but haven't seen anything yet excites me about reaching in my piggy bank.

Of course this isn't an investment site so people have to make their own buy/sell decisions.

One of my favorite sites for reviewing business opportunities is BehindMLM: The latest MLM news and reviews. Of course plenty of people scream "Oz calls everything a scam", yet more often than not he's been proven correct. Product based pyramid type schemes can drag on for years. This has led some to claim see he got such and such wrong. Independently audited proof the 70% rule is being follwed Case Law, MLM, Recruiting Scams. might be more well founded than the I told you so often bleated by pyramid promoters as the exception to the rule.

All Ponzi schemes end when requested withdrawals surpass new funds and/or the odd situation where regulators move in.

Dec.22, 2017 in MLM Reviews

Originally Posted by gerrit

Dir Team, how do you check your facts???

Gerrit

Start Options Review: A crypto mining & trading billion dollar company?

Today...

Originally Posted by OZ Behind MLM

Bitcoiin insider and top promoter John DeMarr has been arrested ‘for his alleged participation in a coordinated cryptocurrency and securities fraud scheme’

Bitcoiin had previously done business under different corporate names, including the name “Start Options” in or about the fall of 2017.

Bitcoiin's John DeMarr arrested on securities fraud charge

To my knowledge it's proven more profitable to invest directly in some crypto coins and/or mining than most of the gives us a few and we'll passively return you many opportunities floating about. Just because a mining/trading pool has been running and paying for years doesn't mean it's on the up and up.


Anything that slightly smells like this if sold to US citizens en masse must be registered with the SEC. This is true if it is registered offshore, pretending to be a lease, or whatever protests the guy pretending to be a girl on Instagram might give.

Under the Howey Test, a transaction is an investment contract if:

It is an investment of money
There is an expectation of profits from the investment
The investment of money is in a common enterprise
Any profit comes from the efforts of a promoter or third party

What Is the Howey Test? - FindLaw




https://www.investor.gov/introductio...ities-act-1933

This makes premium no sense to me. As I read the underlying value as of yesterday's close for Grayscale Litecoin Trust (LTCN) is $13 but the market price is $233. So a few people are willing to pay almost 18X the underlying value??? Put another way, someone could by almost 18 Lightcoin for the price of 1 LTCN share that holds 1 Lightcoin??

Maybe don't be that guy???

Market Price per Share*
At close as of 02/02/2021
$233.00

LTC Holdings per Share**
At close as of 02/02/2021
$13.00

https://grayscale.co/litecoin-trust/

GRAYSCALE LITECOIN TR LTC (LTCN) Interactive Stock Chart - Yahoo Finance

Many of their offerings appear to be open to accredited investors. I briefly read a message board post that the accredited investors are able to buy at NAV and I believe I read somewhere else they must hold from 6 to 12 months before being able to sell. Sorry as everyone knows I hate to read so somebody would have to actually read the offering documents to clarify.

In theory if someone could buy at NAV and short the shares of the same product in the open market they could lock in a significant risk free profit. Of course they would have to be able to hold the trade until the lock up expires and cover any short interest costs. Assuming they could even find the shares to borrow and sell short. Again this is something I have not explored beyond one message board so do your own due diligence.

The above is crazy and I have to think at some point all of these products will have to trade much closer to Net Asset Value.

https://grayscale.co/wp-content/uplo...2021-Final.pdf

Originally Posted by ribshaw 02/03/2021

This makes premium no sense to me. As I read the underlying value as of yesterday's close for Grayscale Litecoin Trust (LTCN) is $13 but the market price is $233. So a few people are willing to pay almost 18X the underlying value??? Put another way, someone could by almost 18 Lightcoin for the price of 1 LTCN share that holds 1 Lightcoin??

Maybe don't be that guy???

The above is crazy and I have to think at some point all of these products will have to trade much closer to Net Asset Value.

LTCN opened yesterday at $286 and traded as low as $143 today, down 46.84% for the week as I type. Would be bargain hunters grab a crayon; this is still 8X yesterday's holdings per share.



LTC Holdings per Share**
At close as of 03/24/2021
$17.57
Day Change 1.33%
https://grayscale.co/litecoin-trust/


The flagship product GBTC as of yesterday is at a discount of about 16% to holdings per share. Some people are screaming it's a bargain, only hindsight will tell.


Market Price per Share*
At close as of 03/24/2021
$44.98

Bitcoin Holdings per Share**
At close as of 03/24/2021
$52.51

Grayscale'''s Sonnenshein Addresses GBTC'''s Collapsing Premium - CoinDesk

1. Bitcoin could rise and the discount could close.
2. Bitcoin could fall and the discount could widen.
3. Bitcoin could rise and the discount could widen.
4. Bitcoin could fall and the discount could close.
5 The discount could remain steady despite what the price does.

In theory one could short BTC and buy GBTC locking in a profit of 16%. However, as we saw with LTCN there is no reason these products can't trade for exorbitant premiums. Bitcoin could swoon and GBTC could boom causing this seemingly risk free trade to blow up one's account ala Long Term Capital Management.


*It pays to know what and why you're getting into an investment. Don't ever let Wall Street hype, message board tripe, or drunk Santa babbling guide your investment decisions.

Grammy I got arrested Spring Breaking.

Originally Posted by Drayton Valley RCMP

Ask the caller a few personal questions that a real grandchild could answer but a scammer could not.
After you hang up, verify the story by calling the parents or other relatives of the “grandchild”.
Never wire money, sent gifts, or bitcoin to someone under uncertain conditions.

Drayton Valley RCMP warning public about the grandparents scam | rdnewsnow.com

In this case the caller overrode her credit card company's warning.

Originally Posted by Sabrina Barr

After revealing that she first spotted the scheme on an online advert, MoneySavingExpert.com founder Martin immediately interrupted her, warning people not to get tricked by online commercials claiming to be selling Bitcoin.

Read more: Martin Lewis tells caller she’s likely lost PS8,000 in online scam | Metro News

Here we go again.

Originally Posted by Samona Tweed

Who is Action Refund?

Action Refund is an Israeli-based company that is helping victims of online fraud. They are specialized for clients that lost money due to scams on the financial market – in binary options, Forex trading, CFDs, and cryptocurrency trading.

Action Refund Reviews – 2021 - Legal Reader

Originally Posted by Negative highlights Scamadviser

The owner of the website is using a service to hide their identity om WHOIS

According to Alexa this site has a low Alexa rank

This website is not optimized for search engines
High number of suspicious websites on this server

We found a negative association on Social Media


actionrefund.com Reviews | scam, legit or safe check | Scamadviser

This is her only article on this website as far as I can see and a very brief Google search yielded nothing more than a similarly named stylish ladies skirt/jacket combo.

Originally Posted by About

Samona Tweed is an online legal advocate providing legal advice to online users who have been victims of online scams. She works for a reputable company that aims to help online users get their money back due to all sorts of scams over the web, such as unscrupulous online purchases. Her passion for protecting fellow Millennial consumers prompted her to provide expert advice through guest posts. Samona has also been invited to do virtual counseling to online scam victims.

Samona Tweed, Author at Legal Reader

Guest Posting - Legal Reader


We only accept articles that are non-promotional (no “advertorials”), related to:

Consumer protection
Legal issues in business

Or not.

I have no idea if Gamestop will hit $1000 anymore than if Bitcoin will hit $100,000. I also don't know if the Yahoo GME message board posters have much different reasons than some posters on Crypto boards for buying/selling and posting.

Ultimately unless people are just gambling they should have a sound decision method including proper position sizing before making wagers. Too many speculate in a manner that will wipe them out with message boards being a source of confirmation bias rather than a tool or entertainment.

The Gamestop story has fascinated me for the past few days. First of all I have no idea if this poster is sincere, but I'll take them at face value. They lost buying other highly shorted stocks, but know GME is the real deal.

Originally Posted by Yahoo message board user Gamestop

Guys, I was sceptical about this whole thing too. I bought AMC NOK and BB since I expected that they go sky high since it will be hyped as well. I sold all of it with loss. But today I bought GME. WHY? Because I did research and saw this is unique for sure. Since this whole thing was shorted over 100% they haven't bought back all the shares they need. They still paying millions on interest for the borrowed share. They really try to lower the price artificially. No Robin Hood isn't an evil part of the game, they just caught up by margin problems. But it helps to keep the price low. The users shifting to other platforms now to buy. In this constellation and with enough buyers (only a few knowing what they are doing) this actually really could make history as the biggest short squeeze since Volkswagen. Check it out, the path there was similar. But this could be Volkswagen on steroids. I went in with 1000 shares, knowing it can be a total loss but there is a real chance of taking part in this unique happening. It's not over. BTW I'm not angry on hedge funds I just see a unique set up which want to play ;) GameStop Corporation (GME) Stock Forum & Discussion - Yahoo Finance

According to this article the short interest in GME is nothing close to 100% anymore. Since shorting (selling shares you don't own in hopes of buying them back later at a lower price) requires the short seller to buy shares at some future point the pool of buyers the above poster is counting on appears to be greatly diminished. Could GME still go to $1000, didn't I just say I have no idea?

Originally Posted by Bloomberg Article

Short interest in the video-game retailer plummeted to 39% of free-floating shares, from 114% in mid-January, according to IHS Markit Ltd. data. Data from S3 Partners, another market intelligence firm, showed a similar pattern, with GameStop’s short sales having fallen to about 50% of its total stock available to trade, down from a high of roughly 140% reached earlier this year. Bloomberg - Are you a robot?

I don't see the above as much different than people buying LTCN above at a massive premium to the underlying value. With GME as with some of the "crypto" stocks there are limited risk ways to trade using options. They are far from being free money and the risk reward isn't all that compelling IMO, but also beat blowing up a trading account if something does go wrong. I would love to see liquid options trading for Crypto on major US exchanges for risk management reasons alone.

Christopher Mitchell magic water MLM days.

Originally Posted by Soapboxmom

Let's see how real businessman promote their product:

Evoled from water to baccart to crypto.JPG

But, wait is there a legitimate product? I think he is just recruiting suckers for his downline by waving piles of play money. Go play Monopoly son, that is the only time smart people will have anything to do with clowns waving bills around!

Soapboxmom

Trey White's Evolv Water vs. World Renowned MD Anderson Cancer Center

Trey White's Evolv Water vs. World Renowned MD Anderson Cancer Center

Christopher Mitchell I'll teach you how to play professional Baccarat days.



Christopher Mitchell Martingale Foolishness.JPG

Blatant YouTube Baccarat Scammer Christopher Mitchell “Professional Gambler”

Because casinos love skilled Baccarat players so much they wage years long court battles...

Poker Legend Phil Ivey Settles $10.1 Million Lawsuit With Borgata

Now Crypto Christopher Mitchell...

Now a Crypto Pro.JPG


$1,000 becomes $1M from the guy that probably turned $1M into $1000 Martingale wagering. In all sincerity I would read Sally's whitepapers mouthing each word before sending this guy one dime.

Maybe if you weren't a complete imbecile you would not call a man Sally.
That and your assumption that someone is dumber than you sounds kind of misogynist. It might hurt your feelings but plenty of women are smarter than you. Not that it's a hard task anyway.
A whitepaper is the technical description of the entire bitcoin and ethereum protocol respectively.
It has all the Math you could ever wrap your dumb head around.
Maybe read from the original source every once in a while. It is right there in my links I posted. Don't worry it's not a virus because I'm not a hack like you.
Use a sandbox browser for all I care.
But be on the safe side and put all your money in the bank in a savings account. They offer a generous 1% per year. A $1000 investment so later you can afford a haircut.

The difference between us is that I've actually put the price of a good pair of shoes into ETH right after my last reply.
Coinmarketcap is actual real time data with charts and numbers.
Somehow I trust raw data more than your incoherent drunk Santa blabbering.

I'm gonna have so much fun when I return to serve a tall glass of "I told you so".

Originally Posted by Sensitive Sally

Maybe if you weren't a complete imbecile you would not call a man Sally.

That and your assumption that someone is dumber than you sounds kind of misogynist.

It might hurt your feelings but plenty of women are smarter than you.

Not that it's a hard task anyway.

PS. I would totally look better as a Sally than you could ever dream of becoming because I'm not a gargantuan soggy couch potato like you

Originally Posted by Hey Alexa

What does it mean to call someone a Sensitive Sally?

Originally Posted by Alexa

Sensitive sallies get emotional very quickly, they don't take critisism very well

What does "if you are a sensitive sally" mean? - Question about English (US) | HiNative

Urban Dictionary: sensitive sally

An overly emotional and easily deflated male who cries a lot.

Originally Posted by Hey Alexa

Could you use Sensitive Sally in a sentence.

Originally Posted by Alexa

Cloudchecker is a Sensitive Sally.

Originally Posted by Hey Alexa

You can't use the definition in the sentence.

Originally Posted by Alexa

Shut up Ribbie you elementary school educated slovenly obese imbecilic man child that thinks whitepaper is the roll hanging in his outhouse!

Originally Posted by Sensitive Sally

Use a sandbox browser for all I care.

Like where I play mash-up with my Tonka trucks? Feels so good to finally get one.


I would suggest that you google the Dunning Kruger Effect as I think you are a little less clever than you believe. You may be the only person not in on the joke that I'm trolling for your petulant reactions.

On that note, over the weekend I will decide a new pet name for you...

The first being Petulant Percy.
The second being Dunning Invest Crypto Kruger which I will shorten only if a clever acronym exists.

Yeah, I'm sort of fond of the Sally moniker.

Originally Posted by If Strawman Sally and Ad Hominem Sally had a love child

Coinmarketcap is actual real time data with charts and numbers.
Somehow I trust raw data more than your incoherent drunk Santa blabbering.

A big problem Sally is virtually all of your comments other than blubbering about how dull-witted I am have nothing to do with anything I've said. Nowhere have I ever said someone can't get real time data or charts. There's is a wittle bitty button on the bottom of the page that says "Reply with Quote" try using it sometime so as not to continually misrepresent my statements.

Originally Posted by Straw Man

Straw man - Wikipedia

A straw man (sometimes written as strawman) is a form of argument and an informal fallacy of having the impression of refuting an argument, whereas the proper idea of argument under discussion was not addressed or properly refuted.[1] One who engages in this fallacy is said to be "attacking a straw man".

The typical straw man argument creates the illusion of having completely refuted or defeated an opponent's proposition through the covert replacement of it with a different proposition (i.e., "stand up a straw man") and the subsequent refutation of that false argument ("knock down a straw man") instead of the opponent's proposition.

Originally Posted by Barefoot Sally

The difference between us is that I've actually put the price of a good pair of shoes into ETH right after my last reply.

I'm sure Buster Brown is all weepy about $39.95 in lost revenue.

The differences between us are much more significant than that. Unfortunately you seem to not comprehend that not everyone should be investing; especially if they are doing it based on message boards. Lost in the handful of success stories of the Gamestop squeeze will be bankruptcies and suicides from people that were too ill informed to play the game. I could give two shits if some rich assholes lose their money, but not so much for a family that just lost it all based on naivete and a few tweets.

Originally Posted by Strawman Sally

But be on the safe side and put all your money in the bank in a savings account. They offer a generous 1% per year. A $1000 investment so later you can afford a haircut.

Yet another Strawman.

Let's say a retiree has $1M in a stock portfolio yielding 3% that 9 months ago was worth $500K and they were scared to death. Another 50% drop would wipe out 10 years worth of income factoring in dividend increases (if any) with no guarantee of a recovery.

What of all the people that lost their jobs due to a once in a century pandemic that were forced to sell 401ks at the bottom? Did your precious BTC during the depths of the last panic not crash from $10k to $3.5K? Did it not rise with everything else? Someone must have sold at the bottom.

For many people the safety of a bank account is exactly where they should be.

Originally Posted by Sally the Barista

I'm gonna have so much fun when I return to serve a tall glass of "I told you so".

To recap your timing at RealScam:

You joined a Ponzi Scam

You first showed up in this thread two days before BTC peaked and proceeded to lose around 80% of its value peak to trough

When BTC represented a good long term HODL here you are talking trading.

Originally Posted by Trading Sally

01-13-2019

If you guys decide to trade well I trade too with more or less success.

Unicorn Piss.JPG

After a 100% or more rise from the March 2020 lows in many asset classes here you are again. Maybe Crypto has suddenly become decoupled from other asset classes? When the next panic hits people will dive deeper into BTC driving the price even higher? Or will they need to sell BTC to meet margin calls and general living expenses as they did in the last panic?

Most assets in general look very much to me like a debt infused bubble; when it ends is anyone's guess. If you were here addressing position sizing and risk management with more than a trite egg comment this would be a much more useful conversation. Little is truly one size fits all Sally. However, considering your timing thus far I hope you get the W on this one.

Read from the source.
Bitcoin - Open source P2P money
Home | ethereum.org

The rise in value is not a coincidence. It's booming because crypto is carrying a lot of infrastructure on its back. Movement and governance of huge data loads. Inventory tracking and such. IoT projects and vast game universes.
Automated smart contracts and quick transfer of ownership.

This is not an MLM with all promise and no actual value.

PS. I would totally look better as a Sally than you could ever dream of becoming because I'm not a gargantuan soggy couch potato like you.