Bitcoin about to Pop

[JimC]

GIN IS A SKAM!! If people stopped buying it the gin market would collapse! Therefore SCAM!!1

The phrase "people stopping buying gin" is utterly incomprehensible...

I think I'll stick to gin futures...

Any gin you invest in has little future left before it is strained through your kidneys to make its way down the sewer shortly after.

I'll have you know that boutique gin distilleries are a vital part of the Australian economy! There should be a Gincoin!

Ever made your own bathtub gin?

I haven't got a bathtub big enough...

[rainbow]

GIN IS A SKAM!! If people stopped buying it the gin market would collapse! Therefore SCAM!!1

The phrase "people stopping buying gin" is utterly incomprehensible...

I think I'll stick to gin futures...

Any gin you invest in has little future left before it is strained through your kidneys to make its way down the sewer shortly after.

I'll have you know that boutique gin distilleries are a vital part of the Australian economy! There should be a Gincoin!

Ever made your own bathtub gin?

I haven't got a bathtub big enough...

Could use the swimming pool, then?

[rainbow]

And here comes the clueless old guy. Scot, do you have no shame in commenting on things you demonstrably have no clue about? You have absolutely no ability to construct a reasoned argument. You just baselessly assert everything and then get snotty when people point out how blindly asserting stuff doesn't make it true. Just stop. It's embarrassing.

And come on, put your money where your mouth is. Take my $50 bet that Bitcoin will still exist in a year's time. If it's a scam then it should be done and dusted by then. Put up or shut up.

Stop the insults. You wont admit you are totally caught up in the scam. You cant see it and wont see it. Just keep repeating the scam like so many others caught in it.

Tulips still exist, and people still pay good money for them, so Tulpenmanie wasn't a scam.

[pErvinalia]

Tulip mania was a bubble. Not a scam.

[rainbow]

Profits REGULARLY don't result in an increase in stock price.

Only in your alternative universe.

The more profitable a company, the more people want to invest in it and the price goes up.

I really can't get why you're battling with this.

[pErvinalia]

I can't believe you are debating this. You can't have had any experience with the stockmarket. It's a monotonous regularity that stock prices go down when profits don't meet expectations. You can't seriously debate this.

[pErvinalia]

This is all a ridiculous moot point, in any case. It resulted out of Scots ridiculous claim that Bitcoin must be a scam because if people stopped buying it it would collapse. EVERY fucking market would collapse if people stopped buying the product. Hence my satirical post about Gin being a scam.

[rainbow]

Tulip mania was a bubble. Not a scam.

It hardly matters what fine distinction you may want to put between the two.

In either case a few people make a lots of money by selling goods that are worth very little or nothing, to lots of other people who lose their money.

A scam.

[pErvinalia]

Ok Scot. Words don't have actual meaning, only the meaning you want them to have.

[pErvinalia]

And with that I'm off to bed. I'll see how many takers I've got for that bet in the morning. I predict none, as none of you three have much of a clue about this subject. Old people not understanding a new technology. Now there's a surprise...

[pErvinalia]

Actually, one more thing, prompted from that last post. Alternative currencies have existed for a long fucking time before bitcoin. And they still exist. I suspect none of you knew that, or you would have to claim that all those still existing alternative currencies are a scam.

[rainbow]

I can't believe you are debating this. You can't have had any experience with the stockmarket.

Fascinating observation.

Happens I trade online regularly, and actually know how stock markets work.
...and I make some money out of it.

How have your bitcoin investments done this year?

[rainbow]

And with that I'm off to bed. I'll see how many takers I've got for that bet in the morning. I predict none, as none of you three have much of a clue about this subject. Old people not understanding a new technology. Now there's a surprise...

Bet you can buy tulips in Amsterdam.

[Scot Dutchy]

rEv you want to learn what a scam is because you are unable to see it right in your face:

Beware of These Five Bitcoin Scams

Bitcoin’s meteoric rise in prices over the last year has awakened mainstream interest in the original cryptocurrency. With prices looking bullish once again, investing in bitcoin has never been as popular, but the rise in interest has not been without consequences. One of the downsides of new investors entering the market is the increase in the number of scams, frauds, and stories of retail investors who lose their coins to shady ventures. From ICO scandals to wallet theft and fraud, regular consumers can fall prey to crime easily.

It may seem as though it’s the wild west for investors, but it doesn't have to be. While there are certainly risks in the market, the opportunities may be irresistible for some. However, being cautious is always a must, and there are clear signs of scams that investors can look for. By avoiding these traps, users can better their chances for success and protect their investments. These are some of the most common scams, and how they can be avoided.

Using scam to further a scam. What did you buy bitcoins with? Fresh air?

How to spot cryptocurrency and Bitcoin scams

Try living in the real world. Bitcoin is as true as a Nigerian prince.

[pErvinalia]

I can't believe you are debating this. You can't have had any experience with the stockmarket.

Fascinating observation.

Happens I trade online regularly, and actually know how stock markets work.
...and I make some money out of it.

How have your bitcoin investments done this year?

I don't invest in bitcoin. As I said earlier in the thread, it's actually a shit coin compared to many newer coins.