Some people call Bitcoin and Cryptocurrency SCAM

[TheVigilante]

See Oil Industry What you want to tell for that

The oil prices went below $0 actually into negative as low as -$37 for 1 barrel,

what do you think about it?

Never in history it happened.

It means oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could run out... Crazy!

You think Bitcoin is volatile? Check out oil!

@bartosimpsonio @VSYNC @theRevolt thoughts?

 

[Mr.Sinatra]

Oil dropped because of fundamentals.
Many factors lead that big drop.
Bitcoin is a speculative asset that has no fundamentals, I would not call it scam but just a different sort of casino.

To me personally I see Bitcoin as a volatile asset to make great returns if you are able to take the time to study the market.
Cheers,

 

[Deleted member 1333509]

Oil dropped because of fundamentals.
Many factors lead that big drop.
Bitcoin is a speculative asset that has no fundamentals, I would not call it scam but just a different sort of casino.

To me personally I see Bitcoin as a volatile asset to make great returns if you are able to take the time to study the market.
Cheers,

Do you really think Bitcoin is a purely speculative asset and provides no utility, and when you say it has no fundamentals do you mean that the only considerations that can be made in relation to Bitcoin are purely chart-based?

 

[tubeboost]

Seems futures contract for oil went to negative values not real oil.
The real problem of bitcoin is volatility.

 

[thescrrr]

shocking.

 

[Fragmaster]

BTC has a huge usecase. Censorship resistant money. If I want to receive money for something without worrying whether paypal approves my business model, I use BTC.
How can't people see this? I'm tired of continual TOS updates, permanent 21 day holds just because I don't live in EU or US, infamous 180 day freezes, them acting as if they are government.
No I don't want to give my ID or incorporation documents to paypal, how is that private?
Am I supposed to trust them with personal data?
Paypal balance money isn't your money. And I like permanence of crypto.

 

[kids1412]

i won't call oil or bitcoin or cryptocurrency a scam. the markets are just highly manipulated, and oil futures dropping to -$37 is just another manipulated move by someone influential that has made a great profit from the move.

 

[imanseptian]

The only real money is gold. If you can buy gold with Bitcoin, just buy it.

 

[Deleted member 1333509]

The only real money is gold. If you can buy gold with Bitcoin, just buy it.

How many times have you bought your milk and bread with gold?

 

[bartosimpsonio]

See Oil Industry What you want to tell for that

The oil prices went below $0 actually into negative as low as -$37 for 1 barrel,

what do you think about it?

Never in history it happened.

It means oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could run out... Crazy!

You think Bitcoin is volatile? Check out oil!

@bartosimpsonio @VSYNC @theRevolt thoughts?

Oil is a corrupt business.

The world accepts a oil cartel for some reason, when it's illegal to build a cartel in most market niches.

OPEC meets to fix oil price. This is illegal in any free market. Price fixing lands you in jail.

Also, oil is dirty, bad for the planet and so forth. The sooner this industry is gone, the better.

 

[Mr.Sinatra]

Do you really think Bitcoin is a purely speculative asset and provides no utility, and when you say it has no fundamentals do you mean that the only considerations that can be made in relation to Bitcoin are purely chart-based?

The real value for me in Bitcoin is volatility.
There is no asset with such volatility and liquidity as Bitcoin.
95% of people in this space are concentrated on Price.
Go watch some live streaming off so they call it halving parties, they only talk about the price.

The whole purpose of Bitcoin was to move away from USD but yet people compare it to USD all the time.
What I am writing is based on my personal preferences so Bitcoin can go to 1 million as it can do to 1 dollar.

I mostly trade Bitcoin 2-3 times a year nothing more.
Getting attached to some virtual asset is the worse thing you can do.

If I want to make a projection about the price of Bitcoin with USD
It will stay in the range of 6k and 10k until volatility drops to 0 (Search for a volatility charts and you will see the decline) where everyone will simply loose hope or something new comes up.
Internet is already starting to be old if I am being honest.

Always a pleasure having this conversations.
Take care

 

[Deleted member 1333509]

The real value for me in Bitcoin is volatility.
There is no asset with such volatility and liquidity as Bitcoin.
95% of people in this space are concentrated on Price.
Go watch some live streaming off so they call it halving parties, they only talk about the price.

The whole purpose of Bitcoin was to move away from USD but yet people compare it to USD all the time.
What I am writing is based on my personal preferences so Bitcoin can go to 1 million as it can do to 1 dollar.

I mostly trade Bitcoin 2-3 times a year nothing more.
Getting attached to some virtual asset is the worse thing you can do.

If I want to make a projection about the price of Bitcoin with USD
It will stay in the range of 6k and 10k until volatility drops to 0 (Search for a volatility charts and you will see the decline) where everyone will simply loose hope or something new comes up.
Internet is already starting to be old if I am being honest.

Always a pleasure having this conversations.
Take care

You're welcome to your opinions, and at least you admit that they are just your subjective beliefs. Bitcoin and cryptocurrency are actually fairly involved topics so it's good for you to keep researching how it works as you continue to trade because you'll learn that there's more to Bitcoin than just speculation. Cheers

 

[BbHhWwVM]

wtf is this thread

some people know BTC some know more

every world value, every world company is a scam lol

(some scams happens once in a lifetime because they bring more than multiple others, small ones)

 

[StalwartVA]

Well for as long as you’re able to make money through cryptocurrency, then it may not be a scam just yet

 

[ContentExpert]

See Oil Industry What you want to tell for that

The oil prices went below $0 actually into negative as low as -$37 for 1 barrel,

So where can I pick up my $37 and free barrel of oil?

 

[Deleted member 1333509]

So where can I pick up my $37 and free barrel of oil?

Yeah I'll happily take 100 barrels and 100 * $37

 

[RealDaddy]

@TheVigilante it's nothing weird.
Even dollars are called benjamins
Crypto = bull + horse + cat + dog + human + [enter the name of your favourite animal]

 

[Deleted member 1333509]

@TheVigilante it's nothing weird.
Even dollars are called benjamins
Crypto = bull + horse + cat + dog + human + [enter the name of your favourite animal]

I like how you wanted to make your point even clearer so modified it from just one type of shit to half a dozen types

(PS my fav animal is a mudskipper)

 

[Leader777]

Indeed bitcoin is a scam and the real bitcoin is bitcoin cash.

 

[jasonforrest]

Bitcoin is much less of a scam than oil, any fiat money (biggest ponzi of all) etc etc

BTC fundamentals & use case are strong, crazy if you dont see that

Indeed bitcoin is a scam and the real bitcoin is bitcoin cash.

That's Roger Ver, he's sorta the CEO of Bcash (BCH), which is also pretty scammy.