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Merged Bitcoin - Part 3

I should add that there has never been a weekly price chart of any commodity that looks so bleak. Peter Schiff, the goldbug correctly understands the difference best described by

"all that glitters is not gold".

Bitcoin zero is a great slogan for uber realists.
 
Belz... said:
Wow, that is a convincing response.

Do you have anything specific to say, or did you just get caught in a lie?
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The objective data is that in spite of any other shortcomings of bitcoin, it is not being run by some scammer who is about to run and take the money of anybody who invested in him.

It may be overrated as a product that that is all it is - something that is bought and sold (mainly by speculators). It might be weird that speculators continue to this day to trade it at prices far higher than anybody might expect them to be but that is the reality.

The lie is in not correcting the notion that bitcoin itself is a scam. It invites the erroneous conclusion that all the speculators are being fleeced by an operator (or group of operators). If you truly believe that it is just excessively risky then there is no need for you to gild the lily and continue to say "it might be a scam".
 
psionl0 said:
The objective data is that in spite of any other shortcomings of bitcoin, it is not being run by some scammer who is about to run and take the money of anybody who invested in him.
Click to expand...

I already agreed to that years ago. So why did you reply with rolling eyes emoticons?

The lie is in not correcting the notion that bitcoin itself is a scam.
Click to expand...

It's not entirely eliminated as a possibility, even if it's unlikely. Do you understand the difference?
 
Belz... said:
It's not entirely eliminated as a possibility, even if it's unlikely. Do you understand the difference?
Click to expand...

Everybody knows the rules, so it's hardly a scam.
Any estimates what would happen, if Satoshi Nakamoto, who is estimated to hold up to 1M BTC, would just sell ? That's about 5% of the total, and sums much lower are believed to be behind substantial price movements.
But then, he can't "just sell". Where ? How ? He would have to spread the coins first, and those coins are keenly watched.
 
Belz... said:
I already agreed to that years ago. So why did you reply with rolling eyes emoticons?
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So you agree that it is not a scam.

Belz... said:
It's not entirely eliminated as a possibility, even if it's unlikely. Do you understand the difference?
Click to expand...
Like I said, that's the lie. You know it's not a scam but you still insist that "it's not entirely eliminated as a possibility" that bitcoin is a scam.
 
I think hindsight may play a role.
Bitcoin zero means ponzi, bitcoin zero does not mean scam.

Scam and ponzi occupy different orbits.

Discuss, not sure if I am making sense.

Humble.
 
jrhowell said:
Perhaps technical analysis relies on the uncertainty principle. When the shape of the graph gives you a specific price the time frame becomes indefinite.
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Or maybe it's just a buzz word that some people use in an attempt to give the impression that they know what they are talking about.
 
jrhowell said:
Perhaps technical analysis relies on the uncertainty principle. When the shape of the graph gives you a specific price the time frame becomes indefinite.
Click to expand...
Actually land bankers use technical analysis, they see patterns. If they pay cash they are immune to time worries. The Chinese own a lot of New Zealand with cash, they never sell. It is technical analysis that forecasts urban areas spread when the living is easy as it is in Auckland, temperate, water security, no climate change hazard.
Technical analysis is everywhere, utilised unwittingly.

And in bitcoin.
 
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