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Bitcoin 11 Years - Achievements, Lies, and Bullshit Claims So Far - Tooootally NOT a SCAM !!!!
That's right folks, it's that time again for the annual review of how Bitcoin is going: all of those claims, predictions, promises .... how many have turned out to be true, and how many are completely bogus ??? Please post / link this on Bitcoin (I am banned there for speaking the truth, so I cannot do it) ... because it'a way past time those poor clueless mushrooms were exposed to the truth. Anyway, without further ado, I give you the Bitcoin's Achievements, Lies, and Bullshit Claims So Far ... . Bitcoin Achievements so far:
It has spawned a cesspool of scams (2000+ shit coin scams, plus 100's of other scams, frauds, cons).
Many 1,000's of hacks, thefts, losses.
Illegal Use Cases: illegal drugs, illegal weapons, tax fraud, money laundering, sex trafficking, child pornography, hit men / murder-for-hire, ransomware, blackmail, extortion, and various other kinds of fraud and illicit activity.
Legal Use Cases: Steam Games, Reddit, Expedia, Stripe, Starbucks, 1000's of merchants, cryptocurrency conferences, Ummm ????? The few merchants who "accept Bitcoin" immediately convert it into FIAT after the sale, or require you to sell your coins to BitPay or Coinbase for real money, and will then take that money. Some of the few who actually accept bitcoin haven't seen a customer who needed to pay with bitcoin for the last six months, and their cashiers no longer know how to handle that.
Contributing significantly to Global Warming.
Wastes vasts amounts of electricity on useless, do nothing work.
Exponentially raises electricity prices when big miners move into regions where electricity was cheap.
It’s the first "currency" that is not self-sustainable. It operates at a net loss, and requires continuous outside capital to replace the capital removed by miners to pay their costs. It’s literally a "black hole currency."
It created a new way for people living too far from Vegas to gamble all their life savings away.
Spawned "blockchain technology", a powerful technique that lets incompetent programmers who know almost nothing about databases, finance, programming, or blockchain scam millions out of gullible VC investors, banks, and governments.
Increased China's foreign trade balance by a couple billion dollars per year.
Helped the FBI and other law enforcement agents easily track down hundreds of drug traffickers and drug users.
Wasted thousands if not millions of man-hours of government employees and legislators, in mostly fruitless attempts to understand, legitimize, and regulate the "phenomenon", and to investigate and prosecute its scams.
Rekindled the hopes of anarcho-capitalists and libertarians for a global economic collapse, that would finally bring forth their Mad Max "utopia".
Added another character to Unicode (no, no, not the "poo" 💩 character ... that was my first guess as well 🤣)
Provides an easy way for malware and ransomware criminals to ply their trade and extort hospitals, schools, local councils, businesses, utilities, as well as the general population.
~~Bitcoin is "striking fear into the hearts of bankers, precisely because Bitcoin eliminates the need for banks. ~~, Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
"A bitcoin miner in every device and in every hand."
"All the indicators are pointing to a huge year and bigger than anything we have seen before."
"Bitcoin is communism and democracy working hand in hand."
"Bitcoin is freedom, and we will soon be free."
"Bitcoin isn't calculated risk, you're right. It's downright and painfully obvious that it will consume global finance."
"Bitcoin most disruptive technology of last 500 years"
"Bitcoin: So easy, your grandma can use it!"
"Creating a 4th Branch of Government - Bitcoin"
"Future generations will cry laughing reading all the negativity and insanity vomited by these permabears."
"Future us will thank us."
"Give Bitcoin two years"
"HODLING is more like being a dutiful guardian of the most powerful economic force this planet has ever seen and getting to have a say about how that force is unleashed."
"Cut out the middleman"
"full control of your own assets"
"reduction in wealth gap"
"cannot print money out of thin air"
"Why that matters? Because blockchain not only cheaper for them, it'll be cheaper for you and everyone as well."
"If you are in this to get rich in Fiat then no. But if you are in this to protect your wealth once the current monetary system collapse then you are protected and you'll be the new rich."
"Theres the 1% and then theres the 99%. You want to be with the rest thats fine. Being different and brave is far more rewarding. No matter your background or education."
"NO COINERS will believe anything they are fed by fake news and paid media."
"I know that feeling (like people looking at you as in seeing a celebrity and then asking things they don't believe until their impressed)."
"I literally walk round everyday looking at other people wondering why they even bother to live if they don't have Bitcoin in their lives."
"I think bitcoin may very well be the best form of money we’ve ever seen in the history of civilization."
"I think Bitcoin will do for mankind what the sun did for life on earth."
"I think the constant scams and illegal activities only show the viability of bitcoin."
"I think we're sitting on the verge of exponential interest in the currency."
"I'm not using hyperbole when I say Satoshi found the elusive key to World Peace."
"If Jesus ever comes back you know he's gonna be using Bitcoin"
"If this idea was implemented with The Blockchain™, it would be completely flawless! Flawless I tell you!"
"If you're the minimum wage guy type, now is a great time to skip food and go full ramadan in order to buy bitcoin instead."
"In a world slipping more and more into chaos and uncertainty, Bitcoin seems to me like the last solid rock defeating all the attacks."
"In this moment, I am euphoric. Not because of any filthy statist's blessing, but because I am enlightened by own intelligence."
"Is Bitcoin at this point, with all the potential that opens up, the most undervalued asset ever?"
"It won't be long until bitcoin is an everyday household term."
"It's the USD that is volatile. Bitcoin is the real neutral currency."
"Just like the early Internet!"
"Just like the Trojan Horse of old, Bitcoin will reveal its full power and nature"
"Ladies if your man doesnt have some bitcoin then he cant handle anything and has no danger sex appeal. He isnt edgy"
"let me be the first to say if you dont have bitcoin you are a pussy and cant really purchase anything worldwide. You have no global reach"
"My conclusion is that I see this a a very good thing for bitcoin and for users"
"No one would do such a thing; it'd be against their self interests."
"Ooh lala, good job on bashing Bitcoin. How to disrespect a great innovation."
"Realistically I think Bitcoin will replace the dollar in the next 10-15 years."
"Seperation of money and state -> states become obsolete -> world peace."
"Some striking similarities between Bitcoin and God"
"THANK YOU. Better for this child to be strangled in its crib as a true weapon for crypto-anarchists than for it to be wielded by toxic individuals who distort the technology and surrender it to government and corporate powers."
"The Blockchain is more encompassing than the internet and is the next phase in human evolution. To avoid its significance is complete ignorance."
"The bull run should begin any day now."
"The free market doesn't permit fraud and theft."
"The free market will clear away the bad actors."
"The only regulation we need is the blockchain."
"We are not your slaves! We are free bodies who will swallow you and puke you out in disgust. Welcome to liberty land or as that genius called it: Bitcoin."
"We do not need the bankers for Satoshi is our saviour!"
"We have never seen something so perfect"
"We must bring freedom and crypto to the masses, to the common man who does not know how to fight for himself."
"We verified that against the blockchain."
"we will see a Rennaisnce over the next few decades, all thanks to Bitcoin."
"Well, since 2006, there has been a infinite% increase in price, so..."
"What doesn't kill cryptocurrency makes it stronger."
"When Bitcoin awake in normally people (real people) ... you will have this result : No War. No Tax. No QE. No Bank."
"When I see news that the price of bitcoin has tanked (and thus the market, more or less) I actually, for-real, have the gut reaction "oh that’s cool, I’ll be buying cheap this week". I never knew I could be so rational."
"Where is your sense of adventure? Bitcoin is the future. Set aside your fears and leave easier at the doorstep."
"Yes Bitcoin will cause the greatest redistribution of wealth this planet has ever seen. FACT from the future."
"You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience."
"You ever try LSD? Perhaps it would help you break free from the box of state-formed thinking you have limited yourself..."
"Your phone or refrigerator might be on the blockchain one day."
The banks can print money whenever they way, out of thin air, so why can't crypto do the same ???
Central Banks can print money whenever they way, out of thin air, without any consequences or accounting, so why can't crypto do the same ???
It's impossible to hide illegal, unsavory material on the blockchain
It's impossible to hide child pornography on the blockchain
All Bitccoins are the same, 100% identical, one Bitcoin cannot be distinguished from any other Bitcoin.
The price of Bitcoin can only go up because of scarcity / 21 million coin limit. (Bitcoin is open source, anyone can create thir own copy, and there are more than 2,000+ Bitcoin copies / clones out there already).
immune to government regulation
"a world-changing technology"
"a long-term store of value, like gold or silver"
"To Complex to Be Audited."
"Old Auditing rules do not apply to Blockchain."
"Old Auditing rules do not apply to Cryptocurrency."
Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
2013-11-27: ""What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar [27-Nov-2013], services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
2018-12: Listen up you giggling cunts... who wants some?...you? you want some?...huh? Do ya? Here's the deal you fuckin Nerds - Butts are gonna be at30 grandor more by next Christmas  - If they aren't I will publicly administer an electronic dick sucking to every shill on this site and disappear forever - Until then, no more bans or shadow bans - Do we have a deal? If Butts are over 50 grand me and Lammy get to be mods. Deal? Your ole pal - "Skully"u/10GDeathBoner, 3-Feb-2018 https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/
2018-12: "Bitcoin could be at$40,000by the end of 2018, it really easily could", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 21-Sep-2018, https://www.youtube.com/watch?v=6lC1anDg2KU
2018-12: Bitcoin will end 2018 at the price point of$50,000, Ran Neuner, host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia,https://www.bitcoinprice.com/predictions/
Hi guys, The huge bull market we've seen in the recent months has let the market cap grow roughly ten times with some (roughly) 100 billion $ paper valuation created and enriching early entrants, traders and even anyone who bought more than 2 months ago. For all who think they're geniuses because they're up 20% 50% or even 100% ONLY i've got bad news, bull markets in whatever asset don't last forever. You can't expect over 1000% quarterly (or monthly !) every quarter !! do you math its just impossible and its not gonna happen The market is overbought by any metric. i'll take the simplest one, the monthly RSI. well I see it at 88 on BTCUSD, 97 (!!!) on ETHEUR, 80 on XRPBTC but if we made one for XRPUSD it zould probably be close to 97 as well... Its been an incredible rally and actually i've missed myself all of the recent leg. of course i feel like a total idiot considering my last ETH around 90 EUR and most of it at even lower prices, still at the time RSI was ALREADY overbought, and i was up my initial stake x13. anyone picking up my ETH at 90 would have to wait 1300 EUR, another x4 to match such performance. Guys you have to forget those 10% or 20% moves and look at the big picture. In ETH, there was a huge move up, and just MEAN REVERSION (i'm not even talking about trend change) would take us back to near double digits...current MA10 is 65 EUROS. I see a zone around 65-95 which looks as a natural target for mean reversion, and 25-40 looks like the big long term support zone from which the parabolic move began. for BTC, mean reversion is somewhere around 800-1200 EUR for XRPBTC 4000 satoshis, i let you do the math using BTC target Of course if such a move happens, there will be some abrupt moves down but also some powerful rallies in between (50% or more) and this scenario would take months to unfold. After which, the new direction will be dictated by whatever new events happen (example. bullish a smaller country endorsing a cryptocurrency as its currency. bearish: govts forbidding crypto, finance industry implementing their own blockchains with instant cheap international settlements) As for fundamentals i can see some good arguments to why crypto market cap should be worth (much?) more than 1 trillion but I see also some good ones why it should be worth only perhaps only 50% or 20% than now, and on top of that maybe with some currency which does not yet exist being most of it. But whatever, what matters to me is the that the market is way overbought. Bitcoin experienced a similar powerful rallies in 2013 with highly overbought RSI the result was 259->63 a 75% drop and then 1163->152 an 87% drop... Independently of crypto being revolutionary etc...and PERHAPS having the potential to be worth more in the future, i believe we can have losses of this magnitude and a bottoming process which last months if not years before the market changes direction again. Shorter time frames (weekly, daily) show sign of divergence (RSI, volume) and some trendlines taken out. Don't forget in a bubble that the demand is highest at the peak of the bubble. Don't forget that for every buyer there has been one seller. there has been peak demand in the last month and the big whales have been cashing out. No one is buying crypto to "use" it. everyone is buying it in hoping to sell it at a greater fool. but the chart is telling me we're running out of greater fools. Also who is REALLY making money in this market ? the small hodler who bought at 350$ a few thousands worth of ETH ? or those guys who have sold ICO TOKENS one shot for hundreds of millions of USD to the last bunch of amateur speculators ? My point is that those who are CURRENTLY making huge money in this market and the WINNERS are the guys selling now, and selling AS MUCH AS POSSIBLE (through ICO s !!!) and if you're not a winner, then .... you're probably the greater fool.... Bull markets are fun but if/when the momentum starts to turn and we have paper valuations decreasing by 1 billion every percent and we start to have double digit moves, the big holders are gonna rush for the exit... there is huge pending ICO related supply and lets not forget the mining supply as well. We don't need any "news" to go down, an overbought bubbly market just collapses on its own weight and the more stretched it is the more violent is the snap back. When it happens, victims of the bear market will find excuses with "we could not have forecast this hack or this thing happening", the real story is that every bubble pops by the way there will be no safe haven apart FIAT. if BTC, ETH XRP go down then it will drive the whole market down with it. TLDR. i'm recommending to people to cash out as much as possible, and be in "trading mode". there is huge volatility and there will be a lot of opportunities. Disclosure: very small long strategic position in crypto. focused on intraday opportunities and algorithmic trading and arbitrage. so far the market has been good to me since i cashed out, making money little by little, no big gains, but with almost no risk. i would start to go strategically ong again only if we get nearer to monthly moving averages. Before it happens, only trading positions with a short time frame. (and of course : NEVER SHORT CRYPTO !)
CMC Refusing To Delist/Reprice Bitcoin Cash To Reflect Fork Catastrophe
The esteemed https://coinmarketcap.com/currencies/bitcoin-cash/ currently lists this token as being worth $353. $351. Others have noted this does not remotely reflect reality. It was $391 when that complaint was posted but point stands. There is no BCH instrument trading anywhere and the forked currencies (IIRC not supposed to count for "market cap") don't add up close anyway. On Polonix (also not allowing deposits/withdrawals here but go with it), BCHSV is $64 and BCHABC is $230, total value of $294. Coinbase is listing "Bitcoin Cash" for $265 (I'm guessing this is BCHABC). On Kraken, which IIRC wasn't supposed to be supporting BCHSV to begin with, people have been "credited" tokens that have a last trade of $60. BCH/USD last of $259. Both are totally illiquid, mind, with 24 hour volumes in the thousands. Smells like "we can't mark that to market, people will lose their shit!"
Track current PancakeSwap prices in real-time with historical CAKE USD charts, liquidity, and volume. Get top exchanges, markets, and more. The Bitcoin dominance metric shows how much of the total cryptocurrency market cap is represented by Bitcoin. Since it is the largest cryptocurrency by market cap, Bitcoin dominance is a useful metric that shows us if confidence in more speculative altcoins is growing or falling. We calculate Bitcoin dominance by dividing the total cryptocurrency market cap with the market cap of Bitcoin. For ... Bitcoincharts provides real-time USD price data of the Ripple exchange including charts, orderbook and more. Chart and download live crypto currency data like price, market capitalization, supply and trade volume. View in US dollars, euros, pound sterling and many other fiat currencies. You can view growth and cumulative growth for a date range. Historical data since 2009. Bitcoin Cash 24h $ 259.38 +6.28%. Bitcoin Cash 24h $ 259.38 +15.31 +6.28%. Litecoin 24h $ 52.20 +10.60%. Litecoin 24h $ 52.20 +5.01 +10.60%. Cardano 24h $ 0.105500 +3.16%. Cardano 24h $ 0.105500 ...
Bitcoin 4 Dimensional Chart (Time, BTC/USD, BTC/Gold, and BTC/SPX)
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