MonsieurCopperCrutch Posted January 27, 2021 Share Posted January 27, 2021 18 minutes ago, longgone said: a baby version https://www.bloomberg.com/news/articles/2021-01-26/bitcoin-faces-s-african-scrutiny-as-alleged-ponzi-scheme-probed you work it out your a bright lad. That article says nothing of the sort. For the last time you need to clearly explain why Bitcoin is a ponzi. If you truely believed it then it would be easy. So go on... Quote Link to comment Share on other sites More sharing options...
longgone Posted January 27, 2021 Share Posted January 27, 2021 9 minutes ago, MonsieurCopperCrutch said: That article says nothing of the sort. For the last time you need to clearly explain why Bitcoin is a ponzi. If you truely believed it then it would be easy. So go on... why does the price rise ? Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted January 27, 2021 Share Posted January 27, 2021 19 minutes ago, longgone said: why does the price rise ? So anything that rises in price is a ponzi now? 😂 Quote Link to comment Share on other sites More sharing options...
longgone Posted January 27, 2021 Share Posted January 27, 2021 Just now, MonsieurCopperCrutch said: So anything that rises in price is a ponzi now? 😂 possible but what makes it valuable ? whales never selling 😂 Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted January 27, 2021 Share Posted January 27, 2021 27 minutes ago, longgone said: possible but what makes it valuable ? whales never selling 😂 You’re here meant to be explaining for the umpteenth time why Bitcoin is a Ponzi. If you want to learn what makes it valuable then read The Bitcoin Standard. “If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.” — Satoshi Nakamoto Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted January 27, 2021 Share Posted January 27, 2021 Quote Link to comment Share on other sites More sharing options...
longgone Posted January 27, 2021 Share Posted January 27, 2021 3 minutes ago, MonsieurCopperCrutch said: You’re here meant to be explaining for the umpteenth time why Bitcoin is a Ponzi. If you want to learn what makes it valuable then read The Bitcoin Standard. “If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.” — Satoshi Nakamoto just want to know what event could plummet the price overnight. any possible investor would need to know. Quote Link to comment Share on other sites More sharing options...
mrlegend123 Posted January 27, 2021 Share Posted January 27, 2021 5 hours ago, MonsieurCopperCrutch said: So anything that rises in price is a ponzi now? 😂 no the poster didn't say that.....just mentioned fools gold ponzi Intelligence levels of bitcoiners must be low..... Isn't Satoshi Nakamoto a cartoon character made up fake? Quote Link to comment Share on other sites More sharing options...
mrlegend123 Posted January 27, 2021 Share Posted January 27, 2021 Can a bitcoiner explain to me why bitcoin has dropped since the ban on trading derivatives on crypto???? Also, why is bitcoin close to its 50DMA? speculative blow off? Quote Link to comment Share on other sites More sharing options...
Warlord Posted January 27, 2021 Share Posted January 27, 2021 (edited) So @MonsieurCopperCrutch you refuse to listen to someone like Peter Schiff, an investment professional, lecturer, celebrated author and who has a track record of calling bubbles? Listen carefully to this episode. He explains why Bitcoin is a Ponzi, Edited January 27, 2021 by Warlord Quote Link to comment Share on other sites More sharing options...
Huggy Posted January 27, 2021 Share Posted January 27, 2021 8 hours ago, Chunketh said: Hodl McHodlface? Absolutely something like this! 8 hours ago, Chunketh said: My other halfs brother in law sells these (and a LOT bigger). He told me to rent them if I ever feel the urge. I think, with a sensible (Captain's) hat on, renting is the way. I can see me getting bored after 3 days into a trip. Quote Link to comment Share on other sites More sharing options...
Mixle Posted January 27, 2021 Share Posted January 27, 2021 9 minutes ago, mrlegend123 said: explain to me why bitcoin has dropped since the ban on trading derivatives on crypto???? The ban was announced months ago when the price was below 20k. So the question should be: why the UK announcing a ban caused the price to triple 🙃? (Hint: the two things have nothing to do with each other. The FCA FSA is just trying to prevent UK institutions from ending up squeezed short bitcoin and losing billions, see GameStop. This is good for the UK. This is also good for Bitcoin, because believers are not going to be conned into paper coins. Win-win!) Quote Link to comment Share on other sites More sharing options...
Brendan110_0 Posted January 27, 2021 Share Posted January 27, 2021 22 hours ago, goldbug9999 said: We asked watch makers in switzerland what they though of the new quartz mechanisms - "absolutely brilliant ! cheap and reliable, keeps perfect time, no need to bother with our services anymore". Wonder what they make of smart watches? No kids are buying Swiss mechanical anymore - Gen X is the last generation doing Swiss watches. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted January 27, 2021 Share Posted January 27, 2021 wonder how many years bitcoin will be around until everyone who calls its a ponzi instead starts to call it an asset class. 20 years? 30 years? 50 years? its never going to zero. bitcoin wont die. Quote Link to comment Share on other sites More sharing options...
Lenelby Posted January 27, 2021 Share Posted January 27, 2021 2 minutes ago, jiltedjen said: wonder how many years bitcoin will be around until everyone who calls its a ponzi instead starts to call it an asset class. 20 years? 30 years? 50 years? its never going to zero. bitcoin wont die. Quote Link to comment Share on other sites More sharing options...
Warlord Posted January 27, 2021 Share Posted January 27, 2021 26 minutes ago, jiltedjen said: wonder how many years bitcoin will be around until everyone who calls its a ponzi instead starts to call it an asset class. 20 years? 30 years? 50 years? its never going to zero. bitcoin wont die. Yes it will die im afraid. it's nothing but a fad. You're caught up in the bubble nonsense jill (I expected more from you) Bitcoin does nothing, is nothing and will be nothing # Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted January 27, 2021 Share Posted January 27, 2021 9 hours ago, longgone said: why does the price rise ? Why does the price of gold rise ?. Hint - its not because the gold in fort knox is one day going to be melted down for rings and circuit boards. Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted January 27, 2021 Share Posted January 27, 2021 (edited) 27 minutes ago, Warlord said: Yes it will die im afraid. it's nothing but a fad. You're caught up in the bubble nonsense jill (I expected more from you) Bitcoin does nothing, is nothing and will be nothing # Has low effort posting on here become an official Olympic sport ?. Your just ranting like a teenager, I mean how old are you - 12 ?. You make @longgoneposts look thoughtful and intelligent. But hey, have fun staying poor. Edited January 27, 2021 by goldbug9999 Quote Link to comment Share on other sites More sharing options...
Warlord Posted January 27, 2021 Share Posted January 27, 2021 2 minutes ago, goldbug9999 said: Why does the price of gold rise ?. Hint - its not because the gold in fort knox is one day going to be melted down for rings and circuit boards. Stop trying to compare BTC to gold. Gold has an established use over the last 5,000 years, BTC has been around 10 years and has no established use. In fact the purpose was to be a digital currency to replace the £ and $ which has failed. It is now nothing but a speculative instrument with wild swings nearly every week. Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted January 27, 2021 Share Posted January 27, 2021 (edited) 9 minutes ago, Warlord said: Stop trying to compare BTC to gold. Gold has an established use over the last 5,000 years, BTC has been around 10 years and has no established use. In fact the purpose was to be a digital currency to replace the £ and $ which has failed. It is now nothing but a speculative instrument with wild swings nearly every week. Gold manages just fine without being a $/£ replacement, so gold has more history yes, but for say a 20 year old, 10 years is as good as 5000 its the time span they have been aware of the concept of money, there is an upcoming generation who have never know a world without bitcoin. Also we could view time as human interaction and communication years: one year in the internet age is probably worth a hundred pre internet. So on that scale its more like 10 vs a 50 years rather than 5000. At least your not using the completely bogus "intrinsic value" argument though so props for that. Edited January 27, 2021 by goldbug9999 Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted January 27, 2021 Share Posted January 27, 2021 2 hours ago, Lenelby said: Thank you that's perfect! Wish we could add on house prices + the railway mania also Bitcoin is not some flash in the pan, its not behaving like a pump and dump bubble, its acting more like early apple shares, its acting like a new asset class. Millennials are starting to disrupt the system, have you seen how reddit has caused chaos in GME shares? Its all very very anti-boomer, anti establishment. Bitcoin will do well with the new generation, the crushed generation is going to get very aggressive and vengeance and retribution is coming, you just cant have 99% of the wealth stored in one greedy generation Quote Link to comment Share on other sites More sharing options...
mrlegend123 Posted January 27, 2021 Share Posted January 27, 2021 Once the CBs create their own digital currency (coming soon), people will jump ship from bitcoin. Noone has a clue who created bitcoin and its full history !! Do you think the CBs allow it to grow? no way, bitcoin is just dumb investors piling into something worth 'nothing' = pointless and speculative. Quote Link to comment Share on other sites More sharing options...
Chunketh Posted January 27, 2021 Share Posted January 27, 2021 1 minute ago, mrlegend123 said: Once the CBs create their own digital currency (coming soon), people will jump ship from bitcoin. Noone has a clue who created bitcoin and its full history !! Do you think the CBs allow it to grow? no way, bitcoin is just dumb investors piling into something worth 'nothing' = pointless and speculative. Who cares who created it. The source code is freely available to inspect. Quote Link to comment Share on other sites More sharing options...
elephant Posted January 27, 2021 Share Posted January 27, 2021 This is hilarious, we have our own 3 stooges. @mrlegend123 @Warlord & @longgone - which one is Moe, Larry & Curly Nuck nuck nuck!! 🤣 Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted January 27, 2021 Share Posted January 27, 2021 22 minutes ago, Chunketh said: Who cares who created it. The source code is freely available to inspect. He probably doesn’t know what source code is. Quote Link to comment Share on other sites More sharing options...
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