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Ham Sandwiches
Jul 7, 2000



QuarkJets posted:

Note that Bitfinex is the same exchange that lost a bunch of bitcoins in a hack and decided to give all of their customers a 36% haircut last year, even customers who didn't have any bitcoin deposits. So people who are still investing over there are already dumb as bricks

Do you feel this is a representative summary of what happened? Are you leaving anything out that happened afterward?

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Ham Sandwiches
Jul 7, 2000



QuarkJets posted:

again, there's nothing wrong about laughing at ross "mycrimes.txt" ulbricht, mark "did nothing wrong" karpeles being so not-wrong that he came out of Japanese prison looking super slim and good, or super-agent CARL MARK FORCE IV

Sure there is. Focusing on stuff that sounds bad / is easy to make fun of on the internet, but doesn't make a big difference in the grand scheme of things, is precisely how goons were wrong about Bitcoins from day 1.

Yeah all that stuff happened, and if you could weather the dumb churn new things have when they get introduced (which included that stuff) now it's worth $3k. Big deal, goons were full of poo poo.

Ham Sandwiches
Jul 7, 2000



BENGHAZI 2 posted:

It's worth 3k if you can sell it and withdraw the money and hold it in your hand

Otherwise it isn't worth poo poo because it's not backed by goddamn anything also shut up

Hmm front page articles in paper after paper and more people buying bitcoin and AMD cards but this dude has seen through the charade and understands its true worthlessness. Can you HOLD a bitcoin?? Checkmate goons, checkmate.

Ham Sandwiches
Jul 7, 2000



Zerilan posted:

That a small fraction of Bitcoin users can successfully turn their butts into money during a marginal trading bubble is pretty tangential to the fact that Bitcoin businesses are near universally scams or drug markets and the community thinks a protocol that handles single digit tx/sec can become the global currency.

A good summary of what goons have been repeating for roughly 4-5 years even as the exchanges change, the amt of money being traded increases, governments start using it, and crises come and go without undermining the whole thing.

Here's what's cool about a Correct Opinion like this one. You just dust it off the shelf whenever the topic comes up and post it. It never expires and it never becomes out of date. You just post the correct opinion and you move on, having posted correctly. And here it is, the correct opinion from 2012 - 2017 I guess. And going.

Everything is a scam, yaknow, except for real investors buying bitcoin tracking funds on real exchanges that let them buy quasi bitcoins and this dude never needs to update the script to factor this stuff, it's just not important.

Ham Sandwiches
Jul 7, 2000



BENGHAZI 2 posted:

How much money have you actually made on Bitcoin

Hey dude the guy that works in a comic book store so he can buy more comic books probably should concern themselves with "maybe this is a way I didn't have to put in all the time in the comic book store"

Here's how much money I've made:
enough that I don't work in a loving comic book store lmao

Ham Sandwiches
Jul 7, 2000



BENGHAZI 2 posted:

I like my job quite a bit, also how much did you make on bitcoin

It's a good idea to spend your short and finite time in a store selling comic books instead of say, having your GPU make you free money out of thin air l m a o.

Just imagine how much more time you'd have to do stuff if you had mined a few bitcoins and could exchange them for $3000 each right now.

Ham Sandwiches
Jul 7, 2000



Zerilan posted:

Trade volume in btc's the lowest it's been in like 4 years and took like a 95% drop the moment Chinese bots stopped trading with each other lol

I believe your information may be secondhand and out of date. If it's not I'm real interested to read more details about this

Ham Sandwiches
Jul 7, 2000



exploded mummy posted:



Chinese currency controls kicked in around January 23rd, 2017

Ah so the resumption of normal trading while bitcoin has been appreciating for the past 6 months once the 4 month period of anomalous trading came to an end, as they tend to do.

But it's important to frame it as a catastrophic drop in trading volume with no other context or explanation. Hmm. Do you think that, maybe, that is misleading?

Ham Sandwiches
Jul 7, 2000



divabot posted:

So, Ham Sandwich. You never did reveal:

* how much money you'd made from acting per your advice
* what your crypto holdings were.

Do you remember the part where I said I would not? It seems odd that you keep asking for something I clearly specified I would not provide. I wonder what you might be trying to accomplish?

quote:

If you're going to come to this thread and give crypto advice, you really owe it to the people you're advising to give the proof of the pudding. I'd hate to think you were giving advice so worthless you weren't following it yourself.

Uh, no.

Ham Sandwiches
Jul 7, 2000



Help me understand something. If you think bitcoins are dumb you are justified in posting whatever you want and it's cool. Just post on SA following the consensus.

If you think those people are wrong about how dumb bitcoins are, you have to provide proof of being a bitcoin investor and your earnings or losses.

Obviously you're not this retarded, so what are you really trying to accomplish?

Ham Sandwiches
Jul 7, 2000



divabot posted:

Indeed I do. However, it still remains you're advising people to do things you yourself don't do.

But if you do do them, please tell!

And if you don't, then actually you do need to explain why everyone else should do these things, when you don't yourself.

So you can post that bitcoins are dumb without having to back it up. You don't have to have bought any bitcoins and lost money on them, but you can make the claim anyway.

If you say "I think these claims are overblown" you have to be buying bitcoins yourself or it's somehow inconsistent.

So: Spreading FUD about something you have no investment in is fine. Saying "I don't think these claims are accurate" cannot be done until you prove that you have an investment in the item in contention.

How did you come up with this retarded standard? How? And why do you keep trying to apply it?

Ham Sandwiches
Jul 7, 2000



BENGHAZI 2 posted:

Divabot is literally writing a book about this you should pick someone else to do the OH YOU CANT BACK THAT IP CAN YOH thing at

Maybe he can write a book about his idiotic double standard that he's trying to advocate like it's not dumb and it's not a double standard

The posters that post poo poo about bitcoin do so without any knowledge or direct investment. Trying to come up with some standard where you literally can't disagree with them unless you prove your investment is maybe the dumbest thing I've read in some time on this website.

Ham Sandwiches
Jul 7, 2000



BENGHAZI 2 posted:

People back up whtlat they're saying you just have it off as second hand because it's not about how strong and powerful Bitcoin is while also talking about some other guy who said he withdrew a bunch of money

The comic store clerk can post his opinions on finance just fine, even though he has no idea what he's talking about. No requirements, just post.

Should you want to say "I think this guy is dumb and repeating secondhand crap that is outdated or misleading in its presentation" you have to post your wallet, otherwise it's not allowed.

Ham Sandwiches
Jul 7, 2000



divabot posted:

I have been using secret journalistic techniques unknown and alien to goons, such as "leaving the house" and "talking to people".

Though mostly it's been reading loving reams of Bitcointalk, Reddit and the world's most awful collection of PDF white papers.

The very worst are the government papers, like the UK report that was literally written by the consultants selling blockchain bullshit, or the EU security paper that uses as references Zero Hedge and Breitbart.

Hey, dude that only posts FUD and only negative comments from reddit:

Why, if anyone is going to post a positive opinion on bitcoin, do they have to prove that they are invested in it before they can post that what you're saying is total garbage? Since you decided to imply that it was necessary like 5 different times, I'd like you to explain why there are two standards that you hold posters to. Ones that want to talk poo poo can do so freely, ones that want to disagree have to meet a higher standard.

Ham Sandwiches
Jul 7, 2000



Chitin posted:

Hey buuuuuuuddy... you can recognize that something is a terrible idea and not do it. You can also say to someone who is arguing in favor of the obviously bad idea "well, have you done the bad thing? How did it go for you?"

Oh I see goon uses crystall ball to figure out that Bitcoin is a scam, posts about it for years as the price keeps appreciating, and is clearly in the right. I mean, they're just calling the obviously bad idea that makes people money an obviously bad idea. No further vetting needed.

Pointing out that they're wrong, like literally observably wrong based on what's happening the whole time? Well apparently you need to post your bitcoin wallet for that!

Ham Sandwiches
Jul 7, 2000



Did you know that the bitcoin sister inheritance thing is fake?

Well, the people posting the link knew that because they probably remembered from when it was brought up. What's really interesting is... nobody felt the need to clarify that "Yeah that's made up bullshit for laughing at Bitcoiners"

just repeating the same old bullshit from years ago guys no big deal

Ham Sandwiches
Jul 7, 2000



EorayMel posted:

How much money have you made via bitcoins

Why do you ask?

Ham Sandwiches
Jul 7, 2000



EorayMel posted:

If you preach it as FREE MONEY, it would make sense that you should've hopped on and gotten some of the FREE MONEY yourself to practice what you preach.

You did do so and make some of the FREE MONEY a profit, didn't you?

So reddit did this thing today, where they decided to paste the comment from 4 years ago where bitcoin was $30 and someone predicted it would go to $3000

https://www.reddit.com/r/Bitcoin/co...i_want/c8j8ng9/

You may be surprised to find... that the very first response... to this dude pointing out that Bitcoin could appreciate to $3000... is telling him "Well you'd better be buying all you can then"

quote:

And 4 years from now, people will be kicking themselves again for selling at $30 when they could have sold for $3000.

quote:

if you feel that is the case you should be putting as much money as you can into bitcoin.. working 60 hr weeks etc just to buy as much as possible

And I'm just wondering, now that 4 years later Bitcoin is $3000... who gives a poo poo whether that guy bought bitcoins himself or not, he called it correctly. Why was whether the guy who made the claim that it woudl go to $3000 also personally investing every spare dollar into Bitcoin... why would that change whether or not Bitcoin would reach $3000?

Whether or not that guy bought $0, $5, or $50,000 of bitcoin, it hit $3000 like he said it would 4 years ago. So why did it matter if that guy had all his money in bitcoins when he made that prediction?

Ham Sandwiches
Jul 7, 2000



If I wanted to post "I think Bitcoins are really inflated and think they will crash soon" would I have to prove that I'm not holding any bitcoins?????

Ham Sandwiches
Jul 7, 2000



EorayMel posted:

I'm asking about you, not a man on reddit.

If you don't give me a number, I will have no choice but to assume that you have not personally made any profit off the FREE MONEY that you preach about.

Lmao the guy who doesn't have any bitcoins but is entitled to laugh at them takes umbrage at the dude who is for them but he can't be sure has any stake in the game!!!

How dumb are you, well it turns out, as dumb as a redditor because you literally think the same. "Ah bitcoin will go to $3000? Better be buying all you can lol"

<cut to 4 years later>

Ham Sandwiches
Jul 7, 2000



fruit on the bottom posted:

No one asked for your wallet. They asked you to give a number.

You don't have to lose any money on bitcoins to say that they are dumb.

If you want to say that the posters are dumb for thinking that, you have to have made money off bitcoins, that's the rules??

Ham Sandwiches
Jul 7, 2000



mojo1701a posted:

Seriously, what happened to the people who bought from the people at $3,000? Are they still hodling (sic)?

Also, did you seriously use "FUD" in earnest? Wow.

Bitcoins are $3000 now, what are you asking? It's being traded for $3000.

Yes I did. That's exactly what this is, out of context doubt and uncertainty that is highly misleading This is what the term is meant to describe.

Ham Sandwiches
Jul 7, 2000



EorayMel posted:

If you do not practice what you preach, then you are a hypocrite, and thus are not worth listening to.

Pointing out that goons have made claims and repeated information that is wrong, misleading, and frankly garbage as Bitcoin has gone from $30 to $3000 has no requirements, friend, other than you trying to make up some standard that requires me to prove gains before I can observe that goon claims are bullshit.

And I think you know full well that this is garbage, and if you don't, then lol just like with Divabot's stupid poo poo.

Ham Sandwiches
Jul 7, 2000



It's the exact same thing as the reddit post:

"I think bitcoins are going to $3000"

sick burn: "LOL BUY A BUNCH NOSTRADAMUS"

<time passes, bitcoins reach $3000>

Reddit commenter: Yeah gently caress that guy for pointing out the obvious!! If he wasn't working 60 hrs a week buying bitcoins while claiming it would hit $3000 he's a HYPOCRITE"

Ham Sandwiches
Jul 7, 2000



divabot posted:

it turns out that taking a sledgehammer to your dick is so obviously stupid that making an extensive list of reasons is probably superfluous to most people.

Are you only capable of asking how much money I made on bitcoins? Are you simply not going to respond to my posts about your idiotic double standard? That seems not cool. Like straight up it's ok for you to repeat stuff until I answer but you get to refuse? Hmm, another double standard?

Ham Sandwiches
Jul 7, 2000



Space Crabs posted:

if this is an actual troll you've kinda stared into the abyss too long

I refuse to believe it isn't

The ultimate troll is that goons sat there making fun of redditors making money while being dumb and full poo poo, and feeling smug in their superiority.

Ham Sandwiches
Jul 7, 2000



Waffle House posted:

Why *are* you so cagey about talking about how much money you've made on Bitcoins?

I post about a lot of topics, and it's only with Bitcoins that I gotta prove that my opinions can be floated, it's loving amazing dude.

Like when I post in car threads people don't ask me to prove that I do or don't own that car...

Ham Sandwiches
Jul 7, 2000



Space Crabs posted:

You probably don't go into car threads with an opinion that the new Nissan Sentra will replace every car on the planet either

Do I have to own the Nissan Sentra to have that opinion????????

Ham Sandwiches
Jul 7, 2000



mojo1701a posted:

While you don't have to be a chef to know what you're eating is poo poo, you DO have to have at least tried it before you can say it's good or not.

If I think Nissan is going to take over the car market and sell a shitload of Nissan Sentras, I have to buy the Nissan Sentra myself, even though I may not want to buy that particular car - to be consistent with my claims??

This is loving stupid you guys can't be this stupid

Ham Sandwiches
Jul 7, 2000



mojo1701a posted:

If you think it's going to sell a shitload of Sentras and be worth more in the future, why wouldn't you?

Because I own an SUV and still want to talk about the car market?

Like if I want to talk about whether the Honda Accord to the Toyota Camry will be the #1 selling car in America and have great resale, but have no interest in buying either one, am I allowed to like... yaknow... say what I think will happen? Or do I not get to make such a bold claim without buying one first?

Ham Sandwiches
Jul 7, 2000



Space Crabs posted:

i think the idea is that if you are going to make wild claims that make no reasonable sense people are going to question your motives maybe? With questions about the level of your involvement in the activity your opinion is based on to better judge where you are coming from?

not that hard mister semantics. Which is why people think you are trolling. You are sperging out like 20 hours a day preaching the bitcoin gospel and somehow think that people aren't going to go "Huh now why is this guy like psychotically obsessed with this topic?"

Ah yes psychotically obsessed great stuff well I'm glad you've joined the thread

Ham Sandwiches
Jul 7, 2000



Waffle House posted:

I mean you also haven't said, "I DON'T trade bitcoins", so you're leaving us on this weird Schrodinger's cliffhanger. *I'm* just curious, because a lot of us probably have hosed around with it;

Great I'm the guy to point out that goon claims of all exchanges being frauds are overblown, even divabot's links from today are misleading the coinbase one worked out fine and the ticket was closed why link that bullshit , that bitcoin is now $3000, that shitloads of people are using it, and that the same old drying starberries sister inheritance do you know what Mt Gox stands for!! stuff is out of date and dumb and wrong but still being repeated earnestly as if it was 100% true

And I don't want to post my bitcoin resume to make that observation

And you can thank the other guy for the car analogy

Ham Sandwiches
Jul 7, 2000



Space Crabs posted:

Thank you, guy who wants to scream in peoples faces and thinks they shouldn't ask him why he is screaming in their faces.

Calmly typing text in the gbs thread for bitcoins and this dude has come up with words like "psychotic" "obsessive" 'screaming"

what the gently caress is going on in your internal monologue hellscape dude

Ham Sandwiches
Jul 7, 2000



mojo1701a posted:

And not a single person thought to himself, "Wait a minute. If these miners are so good at mining bitcoins without any effort, why wouldn't they just do it themselves?"

They didn't have to. Goons already told them it was a scam, that the electricity would never be worth it (since bitcoins were $30), that exchanges were bullshit, and that it was tax fraud. At best it would be used for drugs, child porn, or money laundering.

And clearly that was completely accurate

Ham Sandwiches
Jul 7, 2000



mojo1701a posted:

But they were. BFL was taken to court and the whole house of cards collapsed. My memory's rusty on it, though.

I was referring to bitcoins in general, not that Kickstarter project.

Incidentally I think Kickstarter turned out to be a bigger scam than Bitcoin.

Ham Sandwiches
Jul 7, 2000



BENGHAZI 2 posted:

What is wrong about anything people have said about MtGox

That they harped on its stupid name which was really stupid and somehow missed the larger "ah but Bitcoins aren't a scam doomed to failure simply because this exchange has a dumb name"

Too busy making jokes dude. Magic cards. MAGIC. How can it ever be a real thing when they trade MAGIC CARDS. loving magic cards. You play magic cards? Mining those coins and selling them on the magic exchange?

It's loving amazing how stupid goons are. Yeah, the name is dumb. Holy loving poo poo. Time to bring this up infinity times in every thread. Dumb loving name with wrong ram.

Ham Sandwiches
Jul 7, 2000



BENGHAZI 2 posted:

do you have any proof of that? i mean you decry actual graphs as not being proof, where's yours?

Believe what you want about the reddit stories, I'm telling you it's retarded fake poo poo along with all the other strawberry drying and tales of HDD crashes that only ever get provided and reposted hundreds of times

Ham Sandwiches
Jul 7, 2000



Waffle House posted:

If there's fakeposts circulating around with the prevalence you say, even a few, that means a chance exists that someone is en masse manipulating the currency to their own designs. This means you have artificial market forces trying to control the currency, under the auspices of simply slandering it.

No it means people have a narrative that is "dumb redditors try to mine bitcoins and lose money in the process", and twist every single story into that narrative so that they can make fedora and m'lady jokjes. And they were too busy going "hurf gonna buy some magic cards on the Mt Gox exchange, did you know that exchange was originally used for Magic The Gathering Online Exchanges that's why the acronyms are Mt Gox" to see that it was getting pretty dumb.

Ham Sandwiches
Jul 7, 2000



Waffle House posted:

Ok, I should just advise you that those kinds of market forces DO EXIST in currencies outside of bitcoins, so if you see something LIKE that, you should just remember these words I posted here.

I've like long suspected that a bunch of people/entities decided they needed to create horses in the BitCoin game, which is part of why I never touched it; it just looked like too much of a messy market, even for someone outside-looking-in. The opportunities for money laundering would naturally attract Mafia-esque entities, and people whose sole purpose is to make as much money as possible in a largely unregulated environment.

Yes indeed, even IF you make money on it, it's always going to be rigged. The exchanges will always steal your money. Finally, even if that doesn't come to pass, you can only use the bitcoins for money laundering, child porn, and drugs. This is all part of the standard goon spiel unfortunately.

Like it doesn't just cover the mining, it's the whole thing. The mining is rigged, the exchanges are rigged and will fold or steal your money or refuse withdrawals, organized crime got there, everything is fake, nobody will use it as currency, cp and drugs, the list of things that goons saw in their crystal ball is pretty extensive and seems to be pretty wrong over time.

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Ham Sandwiches
Jul 7, 2000



LethalGeek posted:

You all could just daytrade penny stocks if you want to gamble on completely random prices of a thing and do it without having an exchange randomly taking all your poo poo.

Umm this is maybe the worst advice ever. Penny stocks are bullshit, bitcoins have gone from $3 to $3000. Can you please show me some penny stocks that you guys feel would have matched the performance of bitcoin and ethereum?

Can you also like, create stock certificates from your GPU?

No it's cool you should stick to the totally legitimate wall street existing system that people make movies about the open blatant fraud and almost caused a total economic collapse in 2008, that's a much better speculation than something completely new and without any existing stakeholders and offers something different than existing currencies.

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