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Toys For rear end Bum posted:So basically This is what people were saying was going to happen when the Segwit2x hard fork was still going to happen. Suddenly 85% of the mining power was going to jump on the Segwit2x coin which I guess fucks Bitcoin transactions. Also what happens when you go into a restaurant or gas station and you only have Bitcoin2 or Bitcoin3 and they only take Bitcoin? "What do you mean you don't take Bitcoin2, ITS THE FUTURE!"
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Nov 13, 2017 01:58
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Eyaaaaqgh! My tens of dollars are vanishing!
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Nov 13, 2017 02:01
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You people need to fix this
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Nov 13, 2017 02:02
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Ham Sandwiches posted:No, this is made up crap that like a half dozen people started repeating. I never once made any claims as to the price of bitcoin. What I said was that for those that want to explore it, it's not a scam that is only used for drugs and money laundering and child porn. You won't get your bank account frozen if you try to cash out, and it's not impossible to cash out or use for regular things. That's pretty much the extent of what I've been saying. weren't you the one shouting "IT'S FREE MONEY, YOU SHOULD BUY ALL OF THE BITCOINS" over and over like a month or two ago From what I recall it was everyone else in the thread suggesting caution when speculating on a rampantly-manipulated cryptocurrency with tons of known bad actors whereas you were like "why not throw all your money into this, sounds like a smart choice to me! Look at the price going up!"
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Nov 13, 2017 02:08
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Ham Sandwiches entire trading thesis was predicated on the strength of the price of Bitcoin. He attacked goons for pointing out problems with BTC trading from the start: fraudulent exchanges, it's unregulated nature, it's massive power consumption, and it's myriad other risks as being wrong and only pointed to it's price. So yeah here he is telling you that none of that was true. LOL. Goons were right: it's risky to trade BTC, despite the money that could have been made.
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Nov 13, 2017 02:13
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shitcoin
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Nov 13, 2017 02:38
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Goodpancakes posted:Goons were right: it's risky to trade BTC, despite the money that could have been made. my opinion is that it's perfectly fine with appropriate risk management (for instance, not trading or investing more than you can afford to lose) because the potential reward is arguably high enough to justify the risk
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Nov 13, 2017 02:53
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Uranium 235 posted:a lot of people in this thread and other bitcoin threads go further, saying that trading or investing in bitcoin is always dumb LMAO taking your 2% from your portfolio and going to Vegas and betting on black has the same risk/reward. Maybe better because once you win you can walk up and get cashed out without there being 165,000 other people standing in front of you.
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Nov 13, 2017 02:57
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Uranium 235 posted:a lot of people in this thread and other bitcoin threads go further, saying that trading or investing in bitcoin is always dumb Speculation in an asset with completely arbitrary price fluctuations is supremely dumb, especially when the largest trading platforms permit poo poo like wash trading. This is undeniable. But that's not the same as saying that you can't make money anyway, just like you can make money in a ponzi scheme or by spending all weekend on a slot machine.
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Nov 13, 2017 03:02
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im sorry sir but your roulette winnings are frozen...the miners have all the power
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Nov 13, 2017 03:02
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Uranium 235 posted:a lot of people in this thread and other bitcoin threads go further, saying that trading or investing in bitcoin is always dumb lol see?
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Nov 13, 2017 03:06
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Neukoln19 posted:You people need to fix this So it's "you people" now? Are you referring to my substantial holdings of Cosbycoin? Which is now worthless due to pussygrabbing and allegations of drug rape.
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Nov 13, 2017 03:21
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bobfather posted:LMAO taking your 2% from your portfolio and going to Vegas and betting on black has the same risk reward. Maybe better because once you win you can walk up and get cashed out without there being 165,000 other people standing in front of you. i think the 165,000 comment is a reference to the recently backlogged bitcoin transactions, but that's not a concern for people trading on an exchange because trades on an exchange are not processed on blockchain
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Nov 13, 2017 03:27
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QuarkJets posted:Speculation in an asset with completely arbitrary price fluctuations is supremely dumb, especially when the largest trading platforms permit poo poo like wash trading. This is undeniable. But that's not the same as saying that you can't make money anyway, just like you can make money in a ponzi scheme or by spending all weekend on a slot machine.
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Nov 13, 2017 03:28
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Uranium 235 posted:that's not true. if you bet on black then you're risking 1 to gain 1. when trading, you control when to buy, so you can manage your risk:reward and improve it over 1:1. you can earn more than you risk how are you reasonably analyzing what a fair market price is for bitcoins such that you can make informed decisions on when to buy and when to sell that's what investing is what you're doing is speculating
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Nov 13, 2017 03:29
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Rex-Goliath posted:lol see? anyway it's working out for me
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Nov 13, 2017 03:29
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Uranium 235 posted:if you can make money consistently, is it dumb? Yes; if I make money by investing in a ponzi scheme 10 days in a row, that's consistent profit, but continuing to dump money into the ponzi scheme would still be dumb because there's no way to know when the scheme will collapse. QuarkJets fucked around with this message at 03:36 on Nov 13, 2017 |
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Nov 13, 2017 03:34
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Rex-Goliath posted:how are you reasonably analyzing what a fair market price is for bitcoins such that you can make informed decisions on when to buy and when to sell i don't care what the fundamental value of bitcoin is, i only care that there's a market with enough volume, volatility, and liquidity for me to trade it profitably. i decide when to trade based on pretty simple technical analysis, just identifying potential opportunities for reversals or breakouts and then entering trades when the risk-reward ratio is favorable (1:2 or better). if i'm wrong then i take the loss, if i'm right then i sell some at my target and let the rest ride, scaling out as it goes.
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Nov 13, 2017 03:36
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QuarkJets posted:Yes; if I make money by investing in a ponzi scheme 10 days in a row, that's consistent profit, but continuing to dump money into the ponzi scheme would still dumb because there's no way to know when the scheme will collapse. bitcoin crashed yesterday and my account balance didn't change until i bought and sold the bounce does this mean i'm completely safe? no, i think there's always risk that i could get hosed if my exchange failed somehow, but that's why i only deposited what i can afford to lose. i accepted that risk when i started. for me, the potential reward is worth the risk.
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Nov 13, 2017 03:39
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Uranium 235 posted:you are writing a lot of words that can be summed up as "i misunderstood you" youve claimed to be a trader and you do it because theres prospectively money in it for you and been a proponent of others doing it for profit as well. its been previously established and even agreed to by you that having less of your income be from a source does not negate the status of doing that in a professional capacity. look at you go against things youve previously said in your bizarre quest to be considered a trader. i pointed out that the subtle difference of referring to people into bitcoin as traders as sounding a little weird and delusional but youve taken it so much further than that with your equal baffling insistance against calling it professional trading because that would sound ridiculous 
gary oldmans diary fucked around with this message at 04:49 on Nov 13, 2017 |
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Nov 13, 2017 04:46
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Uranium 235 posted:cool but i don't dump money in, i put in my initial capital and haven't made any other deposits. i'm completely in cash 99% of the time and my exchange has FDIC insurance for cash deposits and is accountable to regulators in the US And you could make money on a ponzi scheme in the same way: invest, extract some value, withdraw investment, repeat. It'd still be a bad life choice due to your complete inability to accurately gauge the risks, but with a bit of luck you could totally make money In fact many ponzi schemes work that way by default QuarkJets fucked around with this message at 05:33 on Nov 13, 2017 |
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Nov 13, 2017 05:29
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gary oldmans diary posted:you write a lot of words only to see "nuh uh" without being able to make argument against anything ive said quote:youve claimed to be a trader and you do it because theres prospectively money in it for you quote:and been a proponent of others doing it for profit as well. quote:its been previously established and even agreed to by you that having less of your income be from a source does not negate the status of doing that in a professional capacity. if someone has a full-time job as an accountant that pays all of their living expenses, but then plays guitar in a public park and gets tips that they put in a savings account, that doesn't make them a professional musician. likewise, me trading in my spare time to earn extra income doesn't make me a professional trader. quote:look at you go against things youve previously said in your bizarre quest to be considered a trader. i pointed out that the subtle difference of referring to people into bitcoin as traders as sounding a little weird and delusional but youve taken it so much further than that
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Nov 13, 2017 05:30
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Uranium 235 posted:your premise (that i consider myself a professional trader) is wrong so your argument is wrong Uranium 235 posted:i said that if you earn a living by trading, or you are at least reliant on income from trading to pay for essential living expenses then i'd consider that being a professional trader. Uranium 235 posted:this whole thing is about you not understanding the definition of a trader. i trade, so i'm a trader. doesn't matter if i'm trading bitcoin, stocks, or commodities. gary oldmans diary fucked around with this message at 05:51 on Nov 13, 2017 |
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Nov 13, 2017 05:47
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QuarkJets posted:And you could make money on a ponzi scheme in the same way: invest, extract some value, withdraw investment, repeat. It'd still be a bad life choice due to your complete inability to accurately gauge the risks, but with a bit of luck you could totally make money so while there is risk, i think the mitigation is reasonable and i'm comfortable accepting the risk
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Nov 13, 2017 05:51
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gary oldmans diary posted:the premise is that you sound like an idiot calling yourself a trader for handling bitcoin and that you sound like an idiot refusing to consider yourself a professional trader as well at that point. quote:youve taken up a middle ground that makes no sense on account of buying into an idea that sounds retarded but trying not to go too far with it (when you already passed that point) quote:you consider yourself a trader because of the technical definition quote:but as for a professional trader you go to your oh personal opinion on what you feel a professional trader is. you arent playing with bitcoin for personal satisfaction and merely enjoyment of other peoples show of appreciation for your hobby advice. you are doing it for profit doesn't everyone who trades do it for profit? is everyone who trades a professional trader? i think the only reasonable answers are yes and no respectively quote:this whole thing is about you not understanding why you sound like an idiot insisting you be acknowledged as a trader in the same way someone getting into multilevel marketing considers themself an entrepreneur. it was merely going to be a small tip to make you sound less crazy so your arguments could have at least some weight but the backlash is amazing Uranium 235 fucked around with this message at 06:01 on Nov 13, 2017 |
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Nov 13, 2017 05:58
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i can't believe it's almost 2018 and goons are still screaming that bitcoins is the same as roulette/a ponzi scheme lmao
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Nov 13, 2017 06:04
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Uranium 235 posted:uh no you made an entire argument about me being a professional trader by my own definition which is totally wrong. i never said i was professional and i don't fit my own definition of professional. Uranium 235 posted:thank you for admitting that i am technically right  Uranium 235 posted:yes i do it for profit, but it doesn't make me a professional. trading is not my profession. Uranium 235 posted:you're ranting about dumb poo poo lmao apparently thats a mark of pride for you that you feel distinguishes your status because you base it on technical accuracy of the term but refuse any further technical accuracy. but it just makes you look stupid. at every step along the way you have double-downed on looking stupid hoping to come out ahead in the end so maybe thats just your thing
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Nov 13, 2017 06:22
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Uranium 235 posted:the exchange i use is licensed, bonded, has insured digital deposits, has segregated and FDIC insured funds for customers' cash deposits, and is required to provide quarterly financial reports to regulators which exchange do you use?
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Nov 13, 2017 06:56
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oh in slicing up that post i cut one out and its a good one. maybe the best one. time to open my presentUranium 235 posted:doesn't everyone who trades do it for profit? is everyone who trades a professional trader? i think the only reasonable answers are yes and no respectively the conditions you use the term to describe are the completely unprotected unreserved most basic childish terms where you do something then can add "er" to it and use that to describe yourself. like upgrading your pogs for magic cards people like you who through greed or sheer stupidity grossly misuse terms with clear important meanings are the reason we have protected terms and protected titles in the first place but i owe you something. now if i ever imagine a future cyberscape dystopia i know how to portray the perfect country bumpkin of the period. the virtual coin ponzi scheme enthusiast who presents his involvement with it in what he thinks is a dignified way gary oldmans diary fucked around with this message at 07:40 on Nov 13, 2017 |
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Nov 13, 2017 07:38
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QuarkJets posted:which exchange do you use? Coinbase, probably. In that it says it's fdic approved but when you check the us governments fdic finder it isn't on there. Probably something to do with them not complying with any of the requirements and refusing the us government access to audit them, lol.
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Nov 13, 2017 12:03
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Oh also apparantly fdic will most likely only cover actual usd deposits, since it specifically doesn't cover investments, which Bitcoin enthusiasts have been pushing bitcoins as for years now. So good luck with that.
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Nov 13, 2017 12:26
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gary oldmans diary posted:no dipshit i dont care and never have about your personal definitions. no one does. whats amazing is where you go "techinically" up to a point and then all of a sudden go to "personally" so you can pick and choose exactly where in idiotville you want to land your self image quote:yes latch on to it just like mlm entrepreneurs. continue to look like an idiot quote:the "i dont make as much money at it" excuse doesnt hold up quote:you describe yourself as a trader for buying into an online ponzi scheme quote:apparently thats a mark of pride for you that you feel distinguishes your status because you base it on technical accuracy of the term but refuse any further technical accuracy. but it just makes you look stupid. at every step along the way you have double-downed on looking stupid hoping to come out ahead in the end so maybe thats just your thing it's the same thing for trading. i used the term "day trader" to describe the kind of behavior i engage in on the exchanges. day trader has a specific meaning, distinguished from swing trader and investor, and it applies to what i do. you, being extremely normal, completely flipped your poo poo over it and now concede that i'm using the correct definition of the word, but you're still ranting about it because apparently you're a very normal and not mad about being wrong guy.
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Nov 13, 2017 13:33
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Uranium 235 posted:now concede that i'm using the correct definition of the word yes btw. im mad about you looking like an idiot. thats right up there among the "u mads" that totally make sense. sorry you look like an idiot though bro gary oldmans diary fucked around with this message at 13:54 on Nov 13, 2017 |
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Nov 13, 2017 13:50
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gary oldmans diary posted:correct according to the understanding of the english language of a retard or simp. youre not a trader. trader is an actual profession. which you now say you are technically not despite having called yourself simply a trader numerous times. youre on the level of a dipshit who puts a bandaid on his knee and wonders if he might be a doctor. i actually tried to help you look less stupid earlier but your flailing around has made that impossible
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Nov 13, 2017 14:00
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its fun that you think youre a trader and yet that is a profession of which you are not one. "i trade therefor i am a trader durrrrrrrr" like im imagining theres a person passed out on the ground and a call goes out "is anyone here a doctor!?" then you step forward "im a doctor  " and the person kneeling over the body notices the stream of feces running down your pant leg and adds "but i mean a real doctor." you reply "well you should have specified that in the first place it would have saved us a lot of time! im obviously not that kind of doctor". then your handler gently pulls you away and walks you toward the mens room
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Nov 13, 2017 14:07
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gary oldmans diary posted:its fun that you think youre a trader and yet that is a profession of which you are not one. "i trade therefor i am a trader durrrrrrrr" i don't doct so i'm not a doctor
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Nov 13, 2017 14:09
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uranium 235 ladies and gentlemen hes got some great investment tips for you. have you heard of bitcoin?
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Nov 13, 2017 14:09
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You're coming off as more unreasonable than the guy who is about to lose his life savings in Bitcoin
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Nov 13, 2017 14:15
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i choose to amuse myself when arguing with someone who is confused about the english language beyond a 4th grade level
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Nov 13, 2017 14:17
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try a hobby like trading bitcoin.
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Nov 13, 2017 14:25
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