[BITCOINS] Yet again, goons are wrong about everything.

The Something Awful Forums > Main > General Bullshit > [BITCOINS] Yet again, goons are wrong about everything.

Hillary 2024: Nov 13, 2016; by vyelkin

Ham Sandwiches posted:

Every single person that said that bitcoins were a scam, had no inherent value, that they were going to collapse, that the exchanges were fake, that you'd lose money mining them, and that it's used for drug transactions / money laundering is as wrong as it is possible to be wrong while still alive

It's impressive that if you wanted to find the world's biggest idiots, empirically, you simply need go back over the past 5-6 years and find everyone that bravely warned people against Buttcoins while acting smug about how right they are. Some of them are still posting in this thread, which owns.

Why

Ham Sandwiches posted:

I'm telling you you're loving stupid and probably shouldn't tell other people how to invest or make money given that this thing you keep calling BS on keeps appreciating, have you considered that?

Let me ask another way:
At what point would you have to admit that you were wrong? Like 6 months ago people were saying "You'll never be able to mine bitcoins profitably again, that time is past." Except anyone who had mined bitcoins would have made a profit, because they went up ~50% since then. So, I'm sure you'll claim they weren't wrong just like you weren't.

What would it take for your advice of "You should avoid bitcoins, don't mine them, it's a total scam" to be 100% clearly wrong? Can you come up with that criteria?

Ham Sandwiches posted:

No, people are free to speculate with their money how they wish. You were sitting there doomsaying it months ago when it was $2500. On what basis did you warn people off this thing that has gotten more liquidity, more trading, more funds, more nation state support, and more valuation the whole time? Because it keeps being proven wrong.

Like the fact that you are wrong and unable to qualify risk properly - which is 100% empirically true, shouldn't affect other people negatively. Why keep giving out garbage advice that keeps turning out wrong? When do you intend to stop giving out advice that turns out untrue every single time?

you

Ham Sandwiches posted:

Lmao people were saying you can never make a profit off coins you mine because chinese miners will outdo you. Now you're saying you're better off buying from scam exchanges and not wasting electricity l m a o.

If people had mined up coins the profit was roughly $3/hr. And that profit assumed that the coins would be worth $2500. The coins are now worth $4k which means the profit/hr was very very high. But as always, goons gave out garbage and useless advice that turned out to be untrue.

care

Ham Sandwiches posted:

That seems like very realistic success criteria... for someone trying at all costs to avoid admitting they were wrong

"Lol I just implied they were a scam, never said it, so I can't be called wrong when it turns out they are not"
-SA attorney ESQ

Lmao imagine if someone had the balls to say this a year ago the YOSPOS crew (WRITING A BOOK) would have torn them apart but now people have walked the claims THIS FAR BACK it's loving amazing

Ham Sandwiches posted:

Your risk analysis is stupid poo poo that was claiming you knew it was a scam, you weren't even willing to call it a commodity (BECAUSE NO INHERENT VALUE) last time, but here it is lmao this suddenly woke nuanced opinion that wasn't there a few months ago at all?? how did it appear?? a bitcoin mystery

Just amazing imagine doing a risk analysis, calling bullshit, being wrong, and declaring yourself good at risk analysis. Well folks wrap it up. With that standard this guy will never be bad at analyzing risk, like when he warns people off an asset that appreciates 50%+ in a few months.

much

Ham Sandwiches posted:

There won't be a single person that will admit to being against Bitcoins despite years of posts to the contrary it's amazing, they vanish like a mirage the more the price goes up

about

Ham Sandwiches posted:

Lmao imagine being this loving wrong, spending months going "HOW MANY DO YOU OWN" and now after being proven wrong retreating to "SO HOW MANY DID YOU BUY!!!"

Like I don't know, do you feel embarassed? Imagine the morons that claimed Columbus would sail off the edge of the earth. That's literally you dude. Doesn't that concern you?

this

Ham Sandwiches posted:

It means that every single goon prediction about its demise, about how its fundamentals were unsound, the exchanges being rigged were wrong, misleading, and useless. And everyone that perpetrated them is clearly not qualified to advise others re: investments yet did so for years anyway, smugly laughing at how dumb anyone that disagreed with them was. That's pretty incredible stuff, imo.

Ham Sandwiches posted:

Yeah and what if like, he got mugged or lost his wallet containing $100, what happens then?

Clearly cash is loving unreliable get rid of it and don't let anyone use it with you / around you.

Ham Sandwiches posted:

Hmm, because my concern is the garbage advice people are giving and not on making a buck?? Which is what I've seen saying the ENTIRE TIME?

Ham Sandwiches posted:

I didn't make predictions that it would go up, I claimed that saying it was a scam that was guaranteed to fail was absolutely premature and that people had no way of knowing that.

I don't have to predict that it's going to go up or how much it will go up or what characteristics will cause it to go up.

My claim is that people saying it's a fraud or scam or unreliable are wrong and are giving garbage advice. I'm not making the claim, they are, and I am calling their claim false - and it is being proven false, empriically, over time.

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The Something Awful Forums > Main > General Bullshit > [BITCOINS] Yet again, goons are wrong about everything.