Sell most (or all) of your cryptocurrencies now

carlostown said:
Always here to serve

Now, on complete seriousness... For as much as I can say by experience a bunch of people sold all of their BTC on it's first or second big drop (Before the whole craze started), I probably would have too, in their place, Nothing seemed to point that it would skyrocket like it did (But again everyone would be millionaire if it were that easy) (And I wasn't even really looking into it to begin with, so I can only talk in retrospective)

Can't really tell why the people that kept them did so, but they saw something that i didn't so i respect them
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https://twitter.com/x/status/938886923392831489
 
carlostown said:
Always here to serve

Now, on complete seriousness... For as much as I can say by experience a bunch of people sold all of their BTC on it's first or second big drop (Before the whole craze started), I probably would have too, in their place, Nothing seemed to point that it would skyrocket like it did (But again everyone would be millionaire if it were that easy) (And I wasn't even really looking into it to begin with, so I can only talk in retrospective)

Can't really tell why the people that kept them did so, but they saw something that i didn't so i respect them
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They heavily believed in it, only rationale.
 
carlostown said:
Just retarded regular intelligence, Thank you very much
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I apologize for the snarky comment....I've just seen a lot of new account not saying much in terms of content but tend to forget foreign members whose point may not come across as clear.
 
algofy said:
They heavily believed in it, only rationale.
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After 2 heavy falls and the confindence on it fairly lost, everything would tell me to stay away of it...
Yet here we are, everyone wants to buy BitCoin and is basically cheaper to buy a regular car than some BitCoin
 
Here4money said:
I apologize for the snarky comment....I've just seen a lot of new account not saying much in terms of content but tend to forget foreign members whose point may not come across as clear.
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Don't worry about, it's just humour after all
And thanks to your comment i read mine again to, and i have to say, you do have a point, i might as well didn't say anything
(Indeed i'm foreign, Can you really tell by the way that i talk?
Although I can communicate I tend to overthink everything i write and some people say that it comes across as... "Artificial"
 
gkishot said:
Crypto currency does not fit the standard definition of a 'ponzi sceme'. Ponzi scheme suggests an operator, individual or corp, which pays returns to investors from a capital inflow from the new investors. Who is this operator in case of crypto currency?
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It does not need to be an individual paying out to be a ponzi. This is an automated pay-out system. The first person(s) who are the creators amassed themselves more than 1million btc, at a time when the price is less than 5 cents. Now the price 7/8 years later is an astronomical 300,000 times the original, and nobody thinks that is a ponzi? Based on what value? making it harder and harder to produce an extra bitcoin? All defined by the rules laid out by those creators. Even gold that has existed for thousands of years has not risen that much in value over that time. Of course the more it rises without bubble bursting, the more it feels like some powers are behind this - or how can the identity of the satoshi not be known by now?

Also how can any one guarantee that the creator(s) do not have a secret way of breaking the SHA256 code - which has been sold to the rest of the world as unbreakable?

So if it gets to 100,000 (like some think it will), the creator would have made himself/herself the richest person in the world by selling an idea to people that has no intrinsic value. Mind-boggling what is taking place.
 
neke said:
It does not need to be an individual paying out to be a ponzi. This is an automated pay-out system. The first person(s) who are the creators amassed themselves more than 1million btc, at a time when the price is less than 5 cents. Now the price 7/8 years later is an astronomical 300,000 times the original, and nobody thinks that is a ponzi? Based on what value? making it harder and harder to produce an extra bitcoin? All defined by the rules laid out by those creators. Even gold that has existed for thousands of years has not risen that much in value over that time. Of course the more it rises without bubble bursting, the more it feels like some powers are behind this - or how can the identity of the satoshi not be known by now?

Also how can any one guarantee that the creator(s) do not have a secret way of breaking the SHA256 code - which has been sold to the rest of the world as unbreakable?

So if it gets to 100,000 (like some think it will), the creator would have made himself/herself the richest person in the world by selling an idea to people that has no intrinsic value. Mind-boggling what is taking place.
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Are you saying it's some CIA scheme to pay off the deficit and hoodwink the world into funding it?
 
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