joeken24

BitCoin falling like a Dotcom

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Posted (edited)
15 minutes ago, techboy said:

 

engineer_syllogism.png

If you are going to trade a market that fluctuates as wildly as crypto currency, it only makes sense that you could potentially lose heavily, especially if you know nothing about the market. 

Edited by sportjunkie07

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8 minutes ago, sportjunkie07 said:

It's been the highest appreciating asset since it came out. Clearly the "pros" were wrong in that regard and the education in their fields didn't help them. 

 

I'm not sure the first sentence is true, but I'm not going to look it up, so I'll grant it for the sake of argument, while noting that BTC is actually still in deep bear market territory from it's highs a couple of years ago.

 

will note that the first sentence can be true, and the "pros" you're mocking here can still be right, depending upon which argument you're referring to.

 

If, for example, the "pro" argued that BTC has no actual value, and is merely rising on hype, then it may well eventually go the way of tulips and beanie babies, and the behavior we are seeing from its price now is well in line with that theory. Check back in 20 years.

 

Be careful.

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Posted (edited)
1 hour ago, techboy said:

Be careful.

Always. 

 

I believe that it has value. Though it is true that its dollar value mainly rises on hype, unlike tulips, its underlying value will allow it to be here in the future. 

Edited by sportjunkie07

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21 minutes ago, techboy said:

 

I'm not sure the first sentence is true, but I'm not going to look it up.

 

Be careful.

Yeah that's why I edited the post.. and also because I'm not here to mock professionals in their respective fields.. even though I disagree with nearly all of them.

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Education continues, you’re all morons, but volsmet loves you.

 

 

 

If you geniuses find a few hours between YouTube try on hauls, you may enjoy this:

 

 

Loosely translated,

 

tumblr_kta0gr4xKt1qzofaho1_500.gif

 

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2 minutes ago, volsmet said:

Education continues, you’re all morons, but volsmet loves you.

 

At some point, education crosses the line into disrespectful shtick.  I would encourage you to tone it down.  You can disagree with other posters without acting like a clown. 

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7 hours ago, volsmet said:

 

Who read the thread to you? 

Cool it or someone will have to read every bit of Tailgate to you because you'll be banned from it. :) 

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Volsmet ... your schtick is lame. What is your expertise in the space?

 

There are some folks on here who do have some background in this space, and related ones. There are some compelling use cases for blockchain, but there are more where existing 'legacy' technologies and systems work better. 

 

I'm a software technologist who has made FU money and I do follow the blockchain 'space' to see if it's something I want to get more seriously involved with. I have been involved with Aragon, and the Accounting Blockchain Coalition, and more recently following BAT, Skynet, Hashgraph and Polkadot. Not because these particular projects are likely winners, but because they are addressing interesting use cases.

 

And yes, I own a little BTC, ETH and LTC but it's complete speculation as no-one knows what will win out. As a fun project with my kid we mined DOGE and made some nice pocket money.

 

Superior technologies don't always win. Take Betamax versus VHS, or the Slanket vs the Snuggie as two clear examples.

 

And crypto bros and their aspirations of lambos and 'going to the moon' can go **** themselves and I hope they loose everything for themselves, their families and friends.

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Just now, Sacks 'n' Stuff said:

Gimme some.

 

I would refer you to the part 'FU'.

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Would you at least be interested in my Betamax?

 

 

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Posted (edited)

No, but I'll take the Slanket. Once Fiat money collapses so will crypto and the Slanket will be the most valuable currency.

Edited by Corcaigh
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Posted (edited)
30 minutes ago, Corcaigh said:

No, but I'll take the Slanket. Once Fiat money collapses so will crypto and the Slanket will be the most valuable currency.

 

You are such a corporate shill, supporting that rip off. The Freedom Blanket* was first and best!

 

https://gizmodo.com/ultimate-battle-the-snuggie-vs-slanket-vs-freedom-bl-5190557

 

*Bonus points for name appreciation overlap with many supporters of crypto.

Edited by techboy

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Posted (edited)
11 minutes ago, techboy said:

 

You are such a corporate shill, supporting that rip off. The Freedom Blanket was first and best!

 

https://gizmodo.com/ultimate-battle-the-snuggie-vs-slanket-vs-freedom-bl-5190557

 

On the internet everyone is over 6 feet tall, so the snuggie and freedom blanket are entirely inadequate.

 

However, thanks for introducing me to the blankoat. That excess is very much the kind of useless product I can brag about to annoy my less affluent siblings.

Edited by Corcaigh

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Just now, Corcaigh said:

 

On the internet everyone is over 6 feet tall, so the snuggie and freedom blanket are entirely inadequate.

 

However, thanks for introducing me to the blankoat. That excess is very much the kind of useless product I can brag about to annoy my less affluent siblings.

You should send him one as a reward for turning you on to that investment.

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Bitcoin faux-value falls for years @volsmet disappears like Gollum in his cave...a few opportunists buy into bitcoin raising the unsubstantiated value which attracts other thereby raising its "value".

Next step people figure out that it's tulips all over again as they sell theirs to someone else before they get burned and Gollum returns to his cave.

Meanwhile I've still got my badass rifle.

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I’m certain the learned denizens of the ES will tune in.

 

 

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On 6/23/2019 at 3:45 PM, techboy said:

3. Sometimes, additional evidence can show me that this might not be the case. I know that @PleaseBlitz, for example, is someone that works in the field of finance professionally as an attorney. @mcsluggo is an economist. 

 

He actually cited to the LinkedIn profile of someone because she's an attorney that used to work at the Securities and Exchange Commission.

 

I am also an attorney that used to work at the Securities and Exchange Commission, but he's called me stupid like a half dozen times in this thread.  So figure that one out. 

 

PS, your calling out of the reference to tulips had me :rofl89:

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29 minutes ago, volsmet said:

 

I’m certain the learned denizens of the ES will tune in.

 

They’ve got movers and shakers

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Posted (edited)
On 6/23/2019 at 10:17 PM, Corcaigh said:

Volsmet ... your schtick is lame. What is your expertise in the space?

 

1 hour ago, volsmet said:
I’m certain the learned denizens of the ES will tune in.

 

@volsmet, I'm not surprised you didn't respond to @Corcaigh. I must admit I AM surprised that you came back at all, but since you did, I will respond.

 

No, I will not be tuning in. This is because I understand investing, and as @Corcaighalluded to, just being associated with a new technology, even if it is a great advancement, does not guarantee the success of a company* (see footnote for example, and RIP poor Freedom Blanket). I choose to follow the best academic research and I invest by purchasing a broadly diversified portfolio of low cost index funds, which eliminates single company risk, among other advantages. I do hold stock in companies that use blockchain. I also hold stock in pretty much everybody else too. It works.

 

I certainly don't "invest" in currencies, which is, again, the best case scenario for BTC. And again, if it IS a currency, it will be killed by instability, and if it becomes stable, there won't be any money to be made just holding it.

 

Thanks for the link, though.

 

* I got this from user HomerJ in this thread https://www.bogleheads.org/forum/viewtopic.php?f=10&t=278345&start=150, which I think makes this point nicely

 

Quote

You could believe in automobiles being the wave of the future back in the 1890s, and be right, and still go broke investing in the wrong car companies.

Here's just the Bs of failed U.S. car companies. Look at those dates. Lots of early adopters that failed.

Bab****, H.H. Company (1909–1913)[27]
Babcok Electric Carriage Co. (1906–1912)
Baby Moose (1914)
Bachelle Electric (1900–1903)[9]
Bacon (1901, 1919–1920)[9]
Badger (1910–1911)[28] 
Based in Wisconsin
Bailey (1907–1910)[9]
Baker Electric (1899–1916)[29] 
Based in Cleveland
Balboa (1924–1925)[9]
Baldner (1900–1903)[9]
Baldwin (1899–1901)[9]
Ball Steam (1868, 1902)[9]
Balzer (1894–1900)
Banker (1905)[9]
Bantam (1914)[30] 
Distinct from American Bantam
Barbarino (1923–1925)[9]
Barley Motor Car Co. (1916–1929)
Barrows Electric (1895–1899)[31]
Bates Automobile Company (1904–1905)
Bauer (1914–1916)[9][where?]
Bay State (1907–1908)[9]
Bean-Chamberlain Manufacturing Co. (1901–1902) 
Hudson model
Beardsley (1914–1917)[9]
Beechcraft (1946)[32]
Beggs (1919–1923)[9]
Belden (1907–1911)[9]
Bell Motor Car Company (1916–1922)[33] 
Based in Pennsylvania
Belmont Electric Auto Co. (1909–1910)
Belmont (1916)[34][where?]
Bendix (1908–1909)[9]
Benham Manufacturing Co. (1914)
Ben Hur (1917–1918)[35] 
Based in Cleveland
Benner (1909)[9]
Berg (1903–1905)[36] 
Based in Cleveland
Bergdoll (1910–1913)[9]
Berwick Auto Car Co. (1904)
Berkshire (1905–1912)[9]
Berliet[9][when?]
Bertolet (1908–1910)[9]
Bethlehem[37][when?]
Beverly (1904)[9]
Bi-Autogo (1908–1912)[38]
Biddle (1915–1922)
Beisel Motorette Company (1914)
Bimel (1916–1917)[9]
Binghamton Electric (1920)
Binney & Burnham (1901–1902)
Birch Motor Cars (1916–1923)[11]
Birmingham Motors (1921–1923)[9]
Black (1893, 1896–1900)[where?]
Black Motor Company (1908–1910))[39] Renamed to 'Black-Crow' in 1909
Blackhawk (1903)[9]
Blackhawk (1929–1930)
Bliss (1906)
B.L.M. (1906–1907)[9]
Blomstrom (C.H.) Motor Co. (1902–1903)[9][where?]
Blomstrom Manufacturing Co. (1907–1908)[9] 
Gyroscope model, based in Michigan.
Blood Brothers Auto and Machine Company (1902–1906)
Blue Bird Corporation (1932)
BMC (1952)[40] 
Distinct from the British brand
Boardman (1946)[32]
Bobbi-Kar (1945–1947)[32]
Boisselot (1901)[9]
Borbein Electric (1900, 1904–1909)[9]
Borland Electric (1910–1916)[9]
Boss Steam Car (1897–1909)[41]
Boston-Amesbury (1902–1903)[9]
Boston High Wheel (1907)[9]
Bour-Davis Co. (1915–1922)
Bournonville[9][when?]
Bowman Motor Car Company (1921–1922)[9]
Bramwell (1904–1905)[9][where?]
Bramwell-Robinson (1899–1902)[9][where?]
Brasie (1914–1916)[9]
Brazier (1902–1903)[9]
Brecht (1901–1903)[41]
Brennan (1902–1908)[9]
Brew-Hatcher (1904–1905)
Brewster & Co. (1915–1925, 1934–1937)
Briggs and Stratton (1919–1923)[9] 
Smith Flyer model
Briggs-Detroiter Motor Car Co. (1912–1917)
Brightwood[9][when?]
Briscoe Motor Co. (1913–1923)
Bristol (1903–1904)[41]
Broc Electric (1909–1916)[42] 
Based in Cleveland
Brogan (1946–1950)[32]
Brook (1920–1921)[9]
Brooks Steamer (1927)[9]
Brown (1914)[9]
Brownie (1916)[43]
Browniekar (1908–1911)[43]
Brush Motor Car Company (1907–1912)
Bryan Steam Car (1918–1923)
Buckeye (1895)[44] 
Based in Indiana
Buckmobile (1903–1905)
Buffalo Automobile and Auto-Bi Company (1900–1902)[9]
Buffalo Electric (1912–1915)
Buffum (1901–1907)
Buggy Car Company (1908–1909)[9]
Bugmobile (1907–1909)[45] 
Based in Chicago
Burdick (1909)[43]
Burg (1910–1913)[43]
Burns (1908–1912)[43]
Burrows (1914–1915)
Burtt Manufacturing Co. (1902–1906)[9] 
Cannon model
Bush (1916–1924)

 

 

Edited by techboy

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1 hour ago, techboy said:

I certainly don't "invest" in currencies, which is, again, the best case scenario for BTC. And again, if it IS a currency, it will be killed by instability, and if it becomes stable, there won't be any money to be made just holding it.

Best case scenario is a way for bitcoin to be much more scalable and applications that make it more user friendly. 

 

If these things happen it is game over for every other currency on earth. 

 

Bitcoin will eventually stabilize and money won't be made by holding it, but it won't matter because everything will be valued in bitcoin. 

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Posted (edited)

Would have been awesome if the Ben Hur Automobile Company had made it. I'm visualizing the TV commercials already.

 

P.S. @techboy let go of your Freedom Blanket which may have been first, but the Slanket was a clearly superior product to the PoS Snuggie. Further evidence that doing due diligence by reading the white paper for each crypto project won't help much in choosing winners.

 

And P.P.S. it would not be that surprising if the biggest winners in the crypto/blockchain world turn out to be Oracle, Microsoft, IBM, JP Morgan, etc.

Edited by Corcaigh

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4 minutes ago, Corcaigh said:

Would have been awesome if the Ben Hur Automobile Company had made it. I'm visualizing the TV commercials already.

 

VoV3wim.jpg

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