All posts made by pokerman in Bitcointalk.org's Wall Observer thread
1.
Post 3832877 (copy this link) (by pokerman) (scraped on 2020-04-04_Sat_11.32h):
I dont think its over yet, there are a lot of reasons to be afraid, this is just a bull trap, we are back on our way to double digits.
2.
Post 3832904 (copy this link) (by pokerman) (scraped on 2020-04-04_Sat_11.32h):
Does this mean that Chinese will have a hard time buying bitcoins since there banks may not want to allow transfers to bitcoin exchanges?
I'm a bit confused over this statement since just a few weeks ago a representative from the central bank of China came out with positive signals on bitcoin.
Exactly, china accounts for over 50% of BTC volume, this will deal a huge blow to long term potential of bitcoin. Get out while you still can
3.
Post 3832940 (copy this link) (by pokerman) (scraped on 2020-04-04_Sat_11.32h):
The only thing sustaining this bubble is the media attention, once it plateaus, which I believe it has now, there will be a huge crash. This may be it...
4.
Post 3833061 (copy this link) (by pokerman) (scraped on 2020-04-04_Sat_11.32h):
5.
Post 3833201 (copy this link) (by pokerman) (scraped on 2020-04-04_Sat_11.32h):
BTCCHINA @ 750 and dropping fast. It was nice while it lasted, hopefully we can hold triple digits...
6.
Post 3859409 (copy this link) (by pokerman) (scraped on 2020-04-04_Sat_11.33h):
As you may notice the pumping bulls are starting to get scared, we aren't going to see all time highs ever again. Bitcoin will level off and media attention will die off since we're the only reason it was there to begin with was because we were in a period of expontential growth.
People will look back in 3 years time and laugh about how a virtual currency with so many intrinsic flaws managed achieve a market cap of over 12 billion.
Cryptocurrencies may be the future, but it will not be bitcoin.
7.
Post 3859554 (copy this link) (by pokerman) (scraped on 2020-04-04_Sat_11.33h):
As you may notice the pumping bulls are starting to get scared, we aren't going to see all time highs ever again. Bitcoin will level off and media attention will die off since we're the only reason it was there to begin with was because we were in a period of expontential growth.
People will look back in 3 years time and laugh about how a virtual currency with so many intrinsic flaws managed achieve a market cap of over 12 billion.
Cryptocurrencies may be the future, but it will not be bitcoin.
You need to work on your trolling. C-
Early adopters of BTC hold such a large percentage of the overall wealth, the top 50 BTC holders have over 30% of the total bitcoins ever mined. That is the equivalent of the top 50 richest people in the world all being worth well over 100 billion usd. Is this fair?
Satoshi alone is estimated to have in the region of 5-7% of all the bitcoins ever mined, are we just to accept that he will be our overlord when bitcoin becomes mainstream?
The idea behind bitcoin is good, there are definitely a lot of upsides to a decentralized currency, but bitcoin was built by one man, satoshi isn't a god (despite what a lot of you here may think) and bitcoin isn't perfect.
8.
Post 3859663 (copy this link) (by pokerman) (scraped on 2020-04-04_Sat_11.33h):
As you may notice the pumping bulls are starting to get scared, we aren't going to see all time highs ever again. Bitcoin will level off and media attention will die off since we're the only reason it was there to begin with was because we were in a period of expontential growth.
People will look back in 3 years time and laugh about how a virtual currency with so many intrinsic flaws managed achieve a market cap of over 12 billion.
Cryptocurrencies may be the future, but it will not be bitcoin.
You need to work on your trolling. C-
Early adopters of BTC hold such a large percentage of the overall wealth, the top 50 BTC holders have over 30% of the total bitcoins ever mined. That is the equivalent of the top 50 richest people in the world all being worth well over 100 billion usd. Is this fair?
Satoshi alone is estimated to have in the region of 5-7% of all the bitcoins ever mined, are we just to accept that he will be our overlord when bitcoin becomes mainstream?
The idea behind bitcoin is good, there are definitely a lot of upsides to a decentralized currency, but bitcoin was built by one man, satoshi isn't a god (despite what a lot of you here may think) and bitcoin isn't perfect.
I for one, welcome our new cryptogenius overlord.
This is the kinda sentiment I'm talking about, but this will not fly in the real world.
9.
Post 3859766 (copy this link) (by pokerman) (scraped on 2020-04-04_Sat_11.33h):
This is the kinda sentiment I'm talking about, but this will not fly in the real world.
Didn't you say BTC was done for? What are you still doing here?
I'm sorry, you're right, unless I'm a bull trying to pump BTC to all time highs as much as possible I shouldn't be here.
10.
Post 3859841 (copy this link) (by pokerman) (scraped on 2020-04-04_Sat_11.33h):
As you may notice the pumping bulls are starting to get scared, we aren't going to see all time highs ever again. Bitcoin will level off and media attention will die off since we're the only reason it was there to begin with was because we were in a period of expontential growth.
People will look back in 3 years time and laugh about how a virtual currency with so many intrinsic flaws managed achieve a market cap of over 12 billion.
Cryptocurrencies may be the future, but it will not be bitcoin.
You need to work on your trolling. C-
Early adopters of BTC hold such a large percentage of the overall wealth, the top 50 BTC holders have over 30% of the total bitcoins ever mined. That is the equivalent of the top 50 richest people in the world all being worth well over 100 billion usd. Is this fair?
Satoshi alone is estimated to have in the region of 5-7% of all the bitcoins ever mined, are we just to accept that he will be our overlord when bitcoin becomes mainstream?
The idea behind bitcoin is good, there are definitely a lot of upsides to a decentralized currency, but bitcoin was built by one man, satoshi isn't a god (despite what a lot of you here may think) and bitcoin isn't perfect.
I for one, welcome our new cryptogenius overlord.
This is the kinda sentiment I'm talking about, but this will not fly in the real world.
Satoshi might not be perfect, but he would definitely be better than the people that are currently in charge of the world.
I don't think anyone really understands, this
can not happen, it doesn't matter how benevolent a person is believed to be, we can not have someone who controls that much wealth, and its not only Satoshi.
Have a look at this list and reevaluate your opinions.
https://bitcointalk.org/index.php?topic=321265.0
11.
Post 3859887 (copy this link) (by pokerman) (scraped on 2020-04-04_Sat_11.33h):
Well, if you're not interested in BTC and think it's failure I really don't see a point. I don't go on places I'm not interested in.
I never said I wasn't interested, it just seems that when someone comes up with a very valid argument that one of you bulls can not counter, they are either ignored or shunned.
Bitcoin is very interesting from an Anthropological standpoint.
12.
Post 3859968 (copy this link) (by pokerman) (scraped on 2020-04-04_Sat_11.33h):
Well, if you're not interested in BTC and think it's failure I really don't see a point. I don't go on places I'm not interested in.
I never said I wasn't interested, it just seems that when someone comes up with a very valid argument that one of you bulls can not counter, they are either ignored or shunned.
Bitcoin is very interesting from an Anthropological standpoint.
It's Bitcoin enthusiasts forum, we don't really care about arguments of your type. Try with commenting on CNN articles about Bitcoin or so, you'll have more luck.
It seems you're an idiot, if you are unable to defend your opinions and ideals from other peoples rational arguments then you are no better than a cultist.
13.
Post 3860149 (copy this link) (by pokerman) (scraped on 2020-04-04_Sat_11.33h):
This is the kinda sentiment I'm talking about, but this will not fly in the real world.
Didn't you say BTC was done for? What are you still doing here?
I'm sorry, you're right, unless I'm a bull trying to pump BTC to all time highs as much as possible I shouldn't be here.
You are either here because you want to see bitcoin succeed, because you want to gloat when it fails, or to make as much money off of other people while it fails. You are clearly not here because you want to see it succeed, and are deplorable for either of the other two reasons. Go away, and please let the door hit you on the way out.
I am here to try and gain perspective into why people think that bitcoin is such a solid investment. In the real world there is no such thing as guaranteed returns, yet so many people here are applauding every time a man sticks his entire retirement fund into bitcoin or a kid who has been saving up for college hears about how bitcoin can double his money in a week decides it would be a good idea to put in all into bitcoin. You welcome these vulnerable naive people with open arms. It is you sir who is deplorable.
14.
Post 3860424 (copy this link) (by pokerman) (scraped on 2020-04-04_Sat_11.33h):
Someone having a BTC1mil or a group having BTC1mil (AHA) bothers me more than BTC crashing to $200. Hopefully this is them cashing out and not manipulating to rebuy even more
And you are quite right to be bothered!
you're a dick, everyone knows bitcoin is volatile and most enter with only what they are willing to lose - there is mention of weak hands being played here, I don't think there are that many - more like greedy hands and greedier hands, selling on the way down with the intention to buy back in but I guess we'll see within a couple of days.
you also talk about the top 50 owning 30%, I don't know if that's true but in the fiat world the top 1% own 41%, the top 10% own 86% and we know they are for the most part, evil mother fuckers so bitcoins distribution is still a definite improvement.
A lot of people don't understand the volatility of bitcoin, especially when their main sources of information on bitcoin is this forum and the Bitcoin subreddit, both of which have an undeniable ''The only way is up'' kind of attitude.
The average person doesn't understand that past performance does not equal future success, they see that bitcoin has quadrupled in the past month and they want to make a quick buck.
1% owning 41% of wealth is 7 million people owning 41% of wealth, an average of 0.00000585% each.
50 people owning 30% of wealth is equivalent of owning 0.6% of wealth each.
This is over
100,000 times worse than the society we live in today!
This can not and will not happen.
15.
Post 3861958 (copy this link) (by pokerman) (scraped on 2020-04-04_Sat_11.33h):
Alright guys, I think its time for us all to get a real job. gg, it was fun while it lasted.