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Re: Is Bitcoin an imploding ponzi??...
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.
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Re: Is Bitcoin an imploding ponzi??...
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
Fiat is debt based currency. That's why inflation -and hyperinflation- exists because the printed money is borrowed from the issuing bank at interest, using the existing money supply as collateral.
Not entirely, governments have the ability to tax and often own assets. Even in places where hyperinflation has occurred few escaped the wrath by holding the right assets, most have no money at all including in the US. Russia defaulted on it's debt in 1998 and for all intents and purposes not much changed, things soon when back to normal. Can you show an industrialized or emerging nation where hyperinflation never ended?
It takes more dollars to buy an equal item today than it did 100 years ago, but most of us are paid more dollars. History has shown the best way to counteract this is to hold assets that throw off cash flow. Holding metals for years on end has cost people in both real and opportunity metrics. Why will crypto be any different?
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
Bitcoin is just software and it has a hard cap on the supply.
It has a limited supply backed by nothing more than the next purchaser willing to pay something over what the last guy paid. As a means of exchange with few exceptions it is a throwback to 1907.
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
Right now you can find students in pretty much every classroom who own crypto.
I wouldn't base my future on kids just out of puberty.
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Re: Is Bitcoin an imploding ponzi??...
I'm back to see how much this thread evolved. Not much action even though Bitcoin and the crypto world is literally the easiest and most legit way of making money online.
I don't have an affiliate network, no email lists to send spam to. Only an ever deeper understanding of this stuff.
This is the number one dream gig for antisocial types. No need to lick the customers' asses just to sell some bullshit weight loss cream or pill.
If you get fatigued by too much human interaction this thing can be done solo.
Lots of people are unable to make a buck in even legit MLMs because they lack the people skills.
Doing the same lengthy sales pitch like a parrot over and over with less than 1 percent conversion rate is exhausting.
This is for those people who can't be bothered with the magic cures and plastic nonsense only fools would buy.
Or the sect like climate of MLM groups. I have been to numerous MLM seminars and the brainwashing is always the same. Like, "we are a family" and such while it's always a den of snakes.
I guess snakes have families too.
No need to dress up like Jehova's witnesses to preach about the best apple peeler.
The smarter and luckier ones have already made a life changing amount of money just by knowing trends and taking action in time.
The adoption curve is exponential just like in the case of the internet or any other disruptive technology.
This is nothing more than technology and you cannot go wrong by investing in relevant tech.
Bitcoin alone went up by 1000% since my last visit. Read the writing on the wall!
Corporate is going mad about buying, volume and therefore liquidity is through the roof.
Wall street has entered the game.
It was indeed foolish to miss a 1000% return. I mean do you guys hate money or what?
Don't make the same mistake twice.
At least get some Bitcoin and ETH.
Do yourself a favor and read the whitepaper.
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Re: Is Bitcoin an imploding ponzi??...
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
I'm back
Congrats on your gains. I never would have guessed BTC would have soared like this; hell I even suspected it would be at zero by now.
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
Bitcoin alone went up by 1000% since my last visit. Read the writing on the wall!
So have GameStop, Tesla, and a slew of other stocks. Some people will get out in time, many will get in too late and/or stay too long.
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
Wall street has entered the game.
Wall Street is also floating a lot of IPOs these days. History indicates most of these will decline in value. Personally, I see good and bad in Wall Street entering. I like the idea of trading on organized exchanges with zero counterparty risk and protection against fraud. I dislike how they routinely have foisted so much woo on the public near market tops.
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
It was indeed foolish to miss a 1000% return. I mean do you guys hate money or what?
There was a young bull and an old bull standing on a hill. The young bull says "lets run down there and screw one of those cows" to which the old bull replies "lets walk down and screw them all!"
Everyone knows the name of lottery winners, and winners that blew it all. Few stories of the millions of lottery losers. On balance the people that invest sensibly and consistently in a balanced portfolio will come out ahead in the long term.
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
Don't make the same mistake twice
Would that include thinking a 1000% gain will turn into 2000% only to watch it evaporate?
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
Not much action even though Bitcoin and the crypto world is literally the easiest and most legit way of making money online.
A lot of Robinhooders are saying the same thing about buying stocks and options. Beyond it's gone up and people say it's going to keep going up; what makes BTC any more "legit" than gold, diamonds, art, trading cards, or collector coins?
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Re: Is Bitcoin an imploding ponzi??...
It's clear you don't have any insight on the software and how it does its job. Or the true technical implications of ETH smart contracts and automation protocols. Your arguments are just as valid as if you said "TCP/IP is a scam don't get fooled".
I mean there are resources to get informed and you just TL;DR the whole thing.
There is due diligence and there is luddism.
MLM truly sucks. A waste of time.
This is legit.
Sure, I'm the moron. See you at $100,000
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Re: Is Bitcoin an imploding ponzi??...
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
This is legit.
I asked you a simple question Sally, what makes it "legit" beyond it's going up in price?
As of the moment it seems to be playing a role as a store of value/capital gains; as a means of exchange on any massive scale I'm not seeing it. Further I suspect most of the recent small and probably many large scale buyers have as much insight on the software as I.
People are buying because others are buying.
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
It's clear you don't have any insight on the software and how it does its job
See you at $100,000
You're leading with price appreciation in both posts yourself, not software.
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
Sure, I'm the moron
You're a moron for getting huffy when asked to splain all this wizbang to a simple artisan like ribshaw. Is there come reason "X" crypto the price can't and won't be separated from "Y" crypto the technology?
Last edited by ribshaw; 01-27-2021 at 12:47 PM.
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Re: Is Bitcoin an imploding ponzi??...
See my older posts. Every link to get someone started is there. Every piece of relevant literature.
TL;DR syndrome at its best.
If you cannot google "Bitcoin whitepaper" or "ETH whitepaper" nobody in the world can possibly help you.
The price represents its assumed value. It's so high because it has a ton of uses. It is useful unlike your endless ad hominems.
But here it is in case you are unable to use a search engine on your own:
Bitcoin - Open source P2P money
Home | ethereum.org
Cryptocurrency Prices, Charts And Market Capitalizations | CoinMarketCap
This feels like explaining gravity to a flat earther.
To understand all this wizbang you actually must be computer literate which you obviously aren't. Do you expect me to lead everyone with baby steps through years of IT basics?
All the HaaS and IaaS and stuff like that. Servers, networks and all that stuff.
You must be computer literate. There is no way around it. You must understand protocols and how things are validated. If the fundamentals are not there you're a waste of time.
Read the whitepapers. I can't just beam IT into your head.
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Re: Is Bitcoin an imploding ponzi??...
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
It is useful unlike your endless ad hominems.
Oh Sally, I don't know which I find more enjoyable your pouting, market timing skills, or the irony.
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
It's clear you don't have any insight on the software and how it does its job.
Your arguments are just as valid as if you said "TCP/IP is a scam don't get fooled"
I mean there are resources to get informed and you just TL;DR the whole thing.
There is due diligence and there is luddism.
TL;DR syndrome at its best.
If you cannot google "Bitcoin whitepaper" or "ETH whitepaper" nobody in the world can possibly help you.
But here it is in case you are unable to use a search engine on your own:
This feels like explaining gravity to a flat earther.
To understand all this wizbang you actually must be computer literate which you obviously aren't.
Do you expect me to lead everyone with baby steps through years of IT basics?
If the fundamentals are not there you're a waste of time.
Read the whitepapers. I can't just beam IT into your head.
I would like to point out for the class you showed up in this thread 12/09/2017 two short days before Bitcoin's then peak of $19,140.80 interactive bitcoin chart - Yahoo Search Results regaling us with your wisdom-ness. For the next two years people were puking on their shoes getting out of Bitcoin yet no Cloudchecker buy signals. Now near record highs for quite a few asset classes you show up. How impressive is that?
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
See my older posts.
Check...
This thread would have been a tad more engaging if you protested my endless homilies. One day I only wish to be half as clever as you are wise.
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Re: Is Bitcoin an imploding ponzi??...
Address your complete lack of computer literacy or enrcyption knowledge and then we can discuss things like adults. In the meantime you can make some pasta art or something.
I won't give you free buy signals. I paid for my knowledge; why would I exchange all of it for your kind words?
Markets are cyclical. Up and down. Bitcoin is crashing and you would puke into your shoes in panic.
It has been crashing all its lifetime but it appears to be tumbling upwards.
You can't grasp the logarithmic graphs, can you?
Recently it crashed all the way up to $42000.
We really can't speak the same language if you have no knowledge of how cryptography and crypto coins work.
Not only you are not miner material, you are not investor material either.
https://www.youtube.com/watch?v=6OXAkf0tGLM
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Re: Is Bitcoin an imploding ponzi??...
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.
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Re: Is Bitcoin an imploding ponzi??...
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Re: Is Bitcoin an imploding ponzi??...
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
I won't give you free buy signals.
Pay the man folks #SallytheTout @Zelle
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
It was indeed foolish to miss a 1000% return. I mean do you guys hate money or what?
Don't make the same mistake twice.
At least get some Bitcoin and ETH.
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
Sure, I'm the moron. See you at $100,000
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
Have fun missing out on the biggest profit.
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
cloudchecker
If that is not a definite buy signal I don't know what is.
Last edited by ribshaw; 01-29-2021 at 02:21 PM.
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Re: Is Bitcoin an imploding ponzi??...
![Quote](https://realscam.com/images/misc/quote_icon.png)
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.
![Quote](https://realscam.com/images/misc/quote_icon.png)
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.
![Quote](https://realscam.com/images/misc/quote_icon.png)
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.
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Re: Is Bitcoin an imploding ponzi??...
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.
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Re: Is Bitcoin an imploding ponzi??...
Read the bloody whitepapers.
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Re: Is Bitcoin an imploding ponzi??...
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???
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Re: Is Bitcoin an imploding ponzi??...
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?
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
CNBC Article
![Quote](https://realscam.com/images/misc/quote_icon.png)
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.
Last edited by ribshaw; 01-31-2021 at 06:55 PM.
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Re: Is Bitcoin an imploding ponzi??...
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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...
![Quote](https://realscam.com/images/misc/quote_icon.png)
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
Last edited by ribshaw; 02-01-2021 at 04:38 PM.
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Re: Is Bitcoin an imploding ponzi??...
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
![Quote](https://realscam.com/images/misc/quote_icon.png)
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.
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Re: Is Bitcoin an imploding ponzi??...
![Quote](https://realscam.com/images/misc/quote_icon.png)
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?
![Quote](https://realscam.com/images/misc/quote_icon.png)
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.
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
Carnival Barker Sally
It's easy money
No such thing for the masses.
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Re: Is Bitcoin an imploding ponzi??...
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
![Quote](https://realscam.com/images/misc/quote_icon.png)
Originally Posted by
gerrit
Today...
![Quote](https://realscam.com/images/misc/quote_icon.png)
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
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Re: Is Bitcoin an imploding ponzi??...
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
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Re: Is Bitcoin an imploding ponzi??...
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.
![Quote](https://realscam.com/images/misc/quote_icon.png)
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?
![Quote](https://realscam.com/images/misc/quote_icon.png)
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.
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Re: Is Bitcoin an imploding ponzi??...
Christopher Mitchell magic water MLM days.
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Originally Posted by
Soapboxmom
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.
Last edited by ribshaw; 02-04-2021 at 01:06 PM.
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Re: Is Bitcoin an imploding ponzi??...
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".
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