SHOULD I BUY BITCOINS?

  • 135 Replies
  • 4563 Views
*

Definitely Not Swedish

  • rutabaga
  • 7964
  • Flat Earth Inspector General of High Fashion Crime
Re: SHOULD I BUY BITCOINS?
« Reply #30 on: November 10, 2020, 10:24:30 AM »
It's just gambling.  Might as well bet on coin tosses.
It's gambling if you have no idea, like the prof.
Quote from: croutons, the s.o.w.
You have received a warning for breaking the laws of mathematics.

*

FlatAssembler

  • 451
  • Not a FE-er
Re: SHOULD I BUY BITCOINS?
« Reply #31 on: November 10, 2020, 10:31:03 AM »
It's just gambling.  Might as well bet on coin tosses.
It's gambling if you have no idea, like the prof.
And you somehow know better than a university professor who has published papers about Bitcoin mining hardware?
Fan of Stephen Wolfram.
This is my parody of the conspiracy theorists:
https://www.theflatearthsociety.org/forum/index.php?topic=71184.0

Re: SHOULD I BUY BITCOINS?
« Reply #32 on: November 10, 2020, 10:31:12 AM »
It's just gambling.  Might as well bet on coin tosses.
It's gambling if you have no idea, like the prof.
It's gambling whatever you do.  Which you know, but you're in bored troll mode.
Quote from: mikeman7918
a single photon can pass through two sluts

Quote from: Chicken Fried Clucker
if Donald Trump stuck his penis in me after trying on clothes I would have that date and time burned in my head.

*

Definitely Not Swedish

  • rutabaga
  • 7964
  • Flat Earth Inspector General of High Fashion Crime
Re: SHOULD I BUY BITCOINS?
« Reply #33 on: November 10, 2020, 10:55:38 AM »
Its not. If you are smart you can get maybe 50-65% of trades or so right.
Quote from: croutons, the s.o.w.
You have received a warning for breaking the laws of mathematics.

*

Definitely Not Swedish

  • rutabaga
  • 7964
  • Flat Earth Inspector General of High Fashion Crime
Re: SHOULD I BUY BITCOINS?
« Reply #34 on: November 10, 2020, 10:56:47 AM »
It's just gambling.  Might as well bet on coin tosses.
It's gambling if you have no idea, like the prof.
And you somehow know better than a university professor who has published papers about Bitcoin mining hardware?
Mining hardware is electrical engineering. Sure the prof knows a lot about that.

But knowing and predicting markets has absolutely nothing to do with this. Why are you people not able to understand that?
Quote from: croutons, the s.o.w.
You have received a warning for breaking the laws of mathematics.

*

FlatAssembler

  • 451
  • Not a FE-er
Re: SHOULD I BUY BITCOINS?
« Reply #35 on: November 10, 2020, 11:31:03 AM »
It's just gambling.  Might as well bet on coin tosses.
It's gambling if you have no idea, like the prof.
And you somehow know better than a university professor who has published papers about Bitcoin mining hardware?
Mining hardware is electrical engineering. Sure the prof knows a lot about that.

But knowing and predicting markets has absolutely nothing to do with this. Why are you people not able to understand that?
Why would mining hardware be electrical engineering? It has more to do with electronic engineering, but even more so about informatics, cryptography and economics. To understand and predict modern markets, especially cryptocurrency markets, you need to have some understanding of those things. To understand how CloudFlare and DigiCert make money, you need to have some understanding of how computers work.
Fan of Stephen Wolfram.
This is my parody of the conspiracy theorists:
https://www.theflatearthsociety.org/forum/index.php?topic=71184.0

*

Definitely Not Swedish

  • rutabaga
  • 7964
  • Flat Earth Inspector General of High Fashion Crime
Re: SHOULD I BUY BITCOINS?
« Reply #36 on: November 10, 2020, 11:34:30 AM »
It's just gambling.  Might as well bet on coin tosses.
It's gambling if you have no idea, like the prof.
And you somehow know better than a university professor who has published papers about Bitcoin mining hardware?
Mining hardware is electrical engineering. Sure the prof knows a lot about that.

But knowing and predicting markets has absolutely nothing to do with this. Why are you people not able to understand that?
Why would mining hardware be electrical engineering? It has more to do with electronic engineering, but even more so about informatics, cryptography and economics. To understand and predict modern markets, especially cryptocurrency markets, you need to have some understanding of those things. To understand how CloudFlare and DigiCert make money, you need to have some understanding of how computers work.
You have absolutely no idea about minining hardware, maybe even less than about trading (in case it is possible).
Quote from: croutons, the s.o.w.
You have received a warning for breaking the laws of mathematics.

Re: SHOULD I BUY BITCOINS?
« Reply #37 on: November 10, 2020, 12:03:35 PM »
Its not. If you are smart you can get maybe 50-65% of trades or so right.
Not true.
Quote from: mikeman7918
a single photon can pass through two sluts

Quote from: Chicken Fried Clucker
if Donald Trump stuck his penis in me after trying on clothes I would have that date and time burned in my head.

*

Pezevenk

  • 14717
  • Militant aporfyrodrakonist
Re: SHOULD I BUY BITCOINS?
« Reply #38 on: November 10, 2020, 12:08:07 PM »
It's just gambling.  Might as well bet on coin tosses.
It's gambling if you have no idea, like the prof.
No one really has any idea, that's the thing lol. What makes people think they have an idea is that because it's generally on the up (for now), it is much easier to be lucky. Imagine being in a casino where all the games are rigged in your favour. Well, at least until they decide to rig them against you.

When it comes to trading and speculating, almost no one has any real idea what they are doing, apart from some very basic things that may save you from getting a really nasty pie in your face in the long term.

Like, gambling isn't without some slightly useful rules either. And there are some people who can effectively utilise these rules to some extent. But unless you are actually counting cards, which almost no one is doing (and the trading analogue to that is even harder), then you only have a vague inkling of an idea of what is going on and luck is the main factor. Just ask all the finance "experts" who lost everything after the stock market took a shit after the 2001 bubble!
Member of the BOTD for Anti Fascism and Racism

It is not a scientific fact, it is a scientific fuck!
-Intikam

Read a bit psicology and stick your imo to where it comes from
-Intikam (again)

*

Definitely Not Swedish

  • rutabaga
  • 7964
  • Flat Earth Inspector General of High Fashion Crime
Re: SHOULD I BUY BITCOINS?
« Reply #39 on: November 10, 2020, 12:14:10 PM »
Its not. If you are smart you can get maybe 50-65% of trades or so right.
Not true.
Actually, you are wrong.
Quote from: croutons, the s.o.w.
You have received a warning for breaking the laws of mathematics.

*

Crouton

  • Flat Earth Inspector General of High Fashion Crimes and Misdemeanors
  • Planar Moderator
  • 12350
  • Intelligence Officer
Re: SHOULD I BUY BITCOINS?
« Reply #40 on: November 10, 2020, 12:15:55 PM »
If you don't understand it then you're really playing a game of "who's the biggest idiot" with every else "investing" in it.
Intelligentia et magnanimitas vincvnt violentiam et desperationem.
The truth behind NASA's budget

*

Definitely Not Swedish

  • rutabaga
  • 7964
  • Flat Earth Inspector General of High Fashion Crime
Re: SHOULD I BUY BITCOINS?
« Reply #41 on: November 10, 2020, 12:23:45 PM »
If you don't understand it then you're really playing a game of "who's the biggest idiot" with every else "investing" in it.
Yeah but the point is the 'if'. I outsmart all the other idiots, thus make money.
Quote from: croutons, the s.o.w.
You have received a warning for breaking the laws of mathematics.

*

Pezevenk

  • 14717
  • Militant aporfyrodrakonist
Re: SHOULD I BUY BITCOINS?
« Reply #42 on: November 10, 2020, 12:54:51 PM »
I remember some dipshit who was posting here the last time Bitcoin went really big and he insisted that it's never gonna drop and that the upwards climb is gonna last forever until people started using Bitcoin on the regular.

That went well. I sometimes wonder how much he lost when it did take a dump. That, or maybe he was intentionally bullshitting.
Member of the BOTD for Anti Fascism and Racism

It is not a scientific fact, it is a scientific fuck!
-Intikam

Read a bit psicology and stick your imo to where it comes from
-Intikam (again)

*

Definitely Not Swedish

  • rutabaga
  • 7964
  • Flat Earth Inspector General of High Fashion Crime
Re: SHOULD I BUY BITCOINS?
« Reply #43 on: November 10, 2020, 01:03:37 PM »
I remember some dipshit who was posting here the last time Bitcoin went really big and he insisted that it's never gonna drop and that the upwards climb is gonna last forever until people started using Bitcoin on the regular.

That went well. I sometimes wonder how much he lost when it did take a dump. That, or maybe he was intentionally bullshitting.

Well it wasn't me. I made btc prediction in this or another thread; I used to be correct.
Quote from: croutons, the s.o.w.
You have received a warning for breaking the laws of mathematics.

*

Pezevenk

  • 14717
  • Militant aporfyrodrakonist
Re: SHOULD I BUY BITCOINS?
« Reply #44 on: November 10, 2020, 01:48:41 PM »
I remember some dipshit who was posting here the last time Bitcoin went really big and he insisted that it's never gonna drop and that the upwards climb is gonna last forever until people started using Bitcoin on the regular.

That went well. I sometimes wonder how much he lost when it did take a dump. That, or maybe he was intentionally bullshitting.

Well it wasn't me. I made btc prediction in this or another thread; I used to be correct.

Was it as correct as your covid CFR predictions?
Member of the BOTD for Anti Fascism and Racism

It is not a scientific fact, it is a scientific fuck!
-Intikam

Read a bit psicology and stick your imo to where it comes from
-Intikam (again)

*

Definitely Not Swedish

  • rutabaga
  • 7964
  • Flat Earth Inspector General of High Fashion Crime
Re: SHOULD I BUY BITCOINS?
« Reply #45 on: November 10, 2020, 09:03:40 PM »
I remember some dipshit who was posting here the last time Bitcoin went really big and he insisted that it's never gonna drop and that the upwards climb is gonna last forever until people started using Bitcoin on the regular.

That went well. I sometimes wonder how much he lost when it did take a dump. That, or maybe he was intentionally bullshitting.

Well it wasn't me. I made btc prediction in this or another thread; I used to be correct.

Was it as correct as your covid CFR predictions?
No, way more. Also my cfr was correct if it hadnt been based on flawed data.
Quote from: croutons, the s.o.w.
You have received a warning for breaking the laws of mathematics.

*

Shifter

  • 17077
  • Blind to the truth
Re: SHOULD I BUY BITCOINS?
« Reply #46 on: November 11, 2020, 01:11:12 AM »
Why buy them? Mine them yourself

A Future Is Not Given To You. It Is Something You Must Take For Yourself

*

Pezevenk

  • 14717
  • Militant aporfyrodrakonist
Re: SHOULD I BUY BITCOINS?
« Reply #47 on: November 11, 2020, 06:11:10 AM »
I remember some dipshit who was posting here the last time Bitcoin went really big and he insisted that it's never gonna drop and that the upwards climb is gonna last forever until people started using Bitcoin on the regular.

That went well. I sometimes wonder how much he lost when it did take a dump. That, or maybe he was intentionally bullshitting.

Well it wasn't me. I made btc prediction in this or another thread; I used to be correct.

Was it as correct as your covid CFR predictions?
No, way more. Also my cfr was correct if it hadnt been based on flawed data.
LOL it was completely wrong. Your model (all 30 of them that you went through) was supposed to take into account the flaws, that was the whole point of making it so complex. I told you to just look at the CFR in places that tested a lot and had also already managed to curb the growth, but you didn't like it. I told you looking at closed cases was misleading, you disagreed. You stuck to your >10% CFR lmao. You made a prediction and it was completely wrong, for factors that you should have foreseen. Too bad you are too mad to admit it!
Member of the BOTD for Anti Fascism and Racism

It is not a scientific fact, it is a scientific fuck!
-Intikam

Read a bit psicology and stick your imo to where it comes from
-Intikam (again)

*

hoppy

  • Flat Earth Believer
  • 11671
Re: SHOULD I BUY BITCOINS?
« Reply #48 on: November 11, 2020, 07:39:10 AM »
Dns good luck trading BTC, I've been reading up on XRP on ripplenet. It seems that crypto is getting banks and government to use it. Look at the XRP charts and tell me what you think.
God is real.                                         
http://www.scribd.com/doc/9665708/Flat-Earth-Bible-02-of-10-The-Flat-Earth

*

Definitely Not Swedish

  • rutabaga
  • 7964
  • Flat Earth Inspector General of High Fashion Crime
Re: SHOULD I BUY BITCOINS?
« Reply #49 on: November 11, 2020, 08:06:10 AM »
Dns good luck trading BTC, I've been reading up on XRP on ripplenet. It seems that crypto is getting banks and government to use it. Look at the XRP charts and tell me what you think.
Sorry I don't trade shitcoins.
Quote from: croutons, the s.o.w.
You have received a warning for breaking the laws of mathematics.

*

Definitely Not Swedish

  • rutabaga
  • 7964
  • Flat Earth Inspector General of High Fashion Crime
Re: SHOULD I BUY BITCOINS?
« Reply #50 on: November 11, 2020, 08:20:36 AM »
I remember some dipshit who was posting here the last time Bitcoin went really big and he insisted that it's never gonna drop and that the upwards climb is gonna last forever until people started using Bitcoin on the regular.

That went well. I sometimes wonder how much he lost when it did take a dump. That, or maybe he was intentionally bullshitting.

Well it wasn't me. I made btc prediction in this or another thread; I used to be correct.

Was it as correct as your covid CFR predictions?
No, way more. Also my cfr was correct if it hadnt been based on flawed data.
LOL it was completely wrong. Your model (all 30 of them that you went through) was supposed to take into account the flaws, that was the whole point of making it so complex. I told you to just look at the CFR in places that tested a lot and had also already managed to curb the growth, but you didn't like it. I told you looking at closed cases was misleading, you disagreed. You stuck to your >10% CFR lmao. You made a prediction and it was completely wrong, for factors that you should have foreseen. Too bad you are too mad to admit it!
Actually the model I developed in the end was about as accurate as it gets.
Quote from: croutons, the s.o.w.
You have received a warning for breaking the laws of mathematics.

*

hoppy

  • Flat Earth Believer
  • 11671
Re: SHOULD I BUY BITCOINS?
« Reply #51 on: November 11, 2020, 10:01:12 AM »
Dns good luck trading BTC, I've been reading up on XRP on ripplenet. It seems that crypto is getting banks and government to use it. Look at the XRP charts and tell me what you think.
Sorry I don't trade shitcoins.
Hey dummy I asked about the chart.
God is real.                                         
http://www.scribd.com/doc/9665708/Flat-Earth-Bible-02-of-10-The-Flat-Earth

*

Definitely Not Swedish

  • rutabaga
  • 7964
  • Flat Earth Inspector General of High Fashion Crime
Re: SHOULD I BUY BITCOINS?
« Reply #52 on: November 11, 2020, 10:36:15 AM »
Dns good luck trading BTC, I've been reading up on XRP on ripplenet. It seems that crypto is getting banks and government to use it. Look at the XRP charts and tell me what you think.
Sorry I don't trade shitcoins.
Hey dummy I asked about the chart.
How much do you pay?

Edit:
I looked at the chart. XRP is dead. Sure, if bitcoin goes to the moon, it will go up a bit aswell, but you might aswell just keep US dollars instead of xrp. Both are equally useless mid-longterm tbh.
« Last Edit: November 11, 2020, 10:48:34 AM by Definitely Not Swedish »
Quote from: croutons, the s.o.w.
You have received a warning for breaking the laws of mathematics.

Re: SHOULD I BUY BITCOINS?
« Reply #53 on: November 11, 2020, 09:41:45 PM »
A fraudster who is able to use my email address as sender, is demanding that I pay them in bitcoin or they expose my activities on a porn, site but I do not visit them and so I dis miss this threat.
The the universe has no obligation to makes sense to you.
The earth is a globe.

Re: SHOULD I BUY BITCOINS?
« Reply #54 on: November 13, 2020, 03:41:07 AM »
I remember some dipshit who was posting here the last time Bitcoin went really big and he insisted that it's never gonna drop and that the upwards climb is gonna last forever until people started using Bitcoin on the regular.

That went well. I sometimes wonder how much he lost when it did take a dump. That, or maybe he was intentionally bullshitting.

Well it wasn't me. I made btc prediction in this or another thread; I used to be correct.

Was it as correct as your covid CFR predictions?
No, way more. Also my cfr was correct if it hadnt been based on flawed data.
LOL
Quote from: mikeman7918
a single photon can pass through two sluts

Quote from: Chicken Fried Clucker
if Donald Trump stuck his penis in me after trying on clothes I would have that date and time burned in my head.

*

FlatAssembler

  • 451
  • Not a FE-er
Re: SHOULD I BUY BITCOINS?
« Reply #55 on: November 13, 2020, 05:00:16 AM »
It's just gambling.  Might as well bet on coin tosses.
It's gambling if you have no idea, like the prof.
And you somehow know better than a university professor who has published papers about Bitcoin mining hardware?
Mining hardware is electrical engineering. Sure the prof knows a lot about that.

But knowing and predicting markets has absolutely nothing to do with this. Why are you people not able to understand that?
Why would mining hardware be electrical engineering? It has more to do with electronic engineering, but even more so about informatics, cryptography and economics. To understand and predict modern markets, especially cryptocurrency markets, you need to have some understanding of those things. To understand how CloudFlare and DigiCert make money, you need to have some understanding of how computers work.
You have absolutely no idea about minining hardware, maybe even less than about trading (in case it is possible).
As far as I understand it, Bitcoin mining hardware is similar to graphics cards. But, like I've said, it's not worth looking into it as a way of making money when I know my computer architecture professor lost a lot of money on it. If my professor lost money on that, so will probably you and me.
Fan of Stephen Wolfram.
This is my parody of the conspiracy theorists:
https://www.theflatearthsociety.org/forum/index.php?topic=71184.0

*

Definitely Not Swedish

  • rutabaga
  • 7964
  • Flat Earth Inspector General of High Fashion Crime
Re: SHOULD I BUY BITCOINS?
« Reply #56 on: November 13, 2020, 05:26:17 AM »
Mining =/= trading.

Mining is only worth it in china etc where electricity is wqy cheaper.
Quote from: croutons, the s.o.w.
You have received a warning for breaking the laws of mathematics.

*

Stash

  • 7079
Re: SHOULD I BUY BITCOINS?
« Reply #57 on: November 13, 2020, 09:39:14 AM »
It's just gambling.  Might as well bet on coin tosses.
It's gambling if you have no idea, like the prof.
And you somehow know better than a university professor who has published papers about Bitcoin mining hardware?
Mining hardware is electrical engineering. Sure the prof knows a lot about that.

But knowing and predicting markets has absolutely nothing to do with this. Why are you people not able to understand that?
Why would mining hardware be electrical engineering? It has more to do with electronic engineering, but even more so about informatics, cryptography and economics. To understand and predict modern markets, especially cryptocurrency markets, you need to have some understanding of those things. To understand how CloudFlare and DigiCert make money, you need to have some understanding of how computers work.
You have absolutely no idea about minining hardware, maybe even less than about trading (in case it is possible).
As far as I understand it, Bitcoin mining hardware is similar to graphics cards. But, like I've said, it's not worth looking into it as a way of making money when I know my computer architecture professor lost a lot of money on it. If my professor lost money on that, so will probably you and me.

Being a computer architecture professor doesn't necessarily make for being a savvy investor.

*

FlatAssembler

  • 451
  • Not a FE-er
Re: SHOULD I BUY BITCOINS?
« Reply #58 on: November 13, 2020, 10:51:34 AM »
It's just gambling.  Might as well bet on coin tosses.
It's gambling if you have no idea, like the prof.
And you somehow know better than a university professor who has published papers about Bitcoin mining hardware?
Mining hardware is electrical engineering. Sure the prof knows a lot about that.

But knowing and predicting markets has absolutely nothing to do with this. Why are you people not able to understand that?
Why would mining hardware be electrical engineering? It has more to do with electronic engineering, but even more so about informatics, cryptography and economics. To understand and predict modern markets, especially cryptocurrency markets, you need to have some understanding of those things. To understand how CloudFlare and DigiCert make money, you need to have some understanding of how computers work.
You have absolutely no idea about minining hardware, maybe even less than about trading (in case it is possible).
As far as I understand it, Bitcoin mining hardware is similar to graphics cards. But, like I've said, it's not worth looking into it as a way of making money when I know my computer architecture professor lost a lot of money on it. If my professor lost money on that, so will probably you and me.

Being a computer architecture professor doesn't necessarily make for being a savvy investor.
Sure. But knowing how computers work is a huge advantage when it comes to investing into virtual things, right?
Fan of Stephen Wolfram.
This is my parody of the conspiracy theorists:
https://www.theflatearthsociety.org/forum/index.php?topic=71184.0

*

Stash

  • 7079
Re: SHOULD I BUY BITCOINS?
« Reply #59 on: November 13, 2020, 12:44:18 PM »
It's just gambling.  Might as well bet on coin tosses.
It's gambling if you have no idea, like the prof.
And you somehow know better than a university professor who has published papers about Bitcoin mining hardware?
Mining hardware is electrical engineering. Sure the prof knows a lot about that.

But knowing and predicting markets has absolutely nothing to do with this. Why are you people not able to understand that?
Why would mining hardware be electrical engineering? It has more to do with electronic engineering, but even more so about informatics, cryptography and economics. To understand and predict modern markets, especially cryptocurrency markets, you need to have some understanding of those things. To understand how CloudFlare and DigiCert make money, you need to have some understanding of how computers work.
You have absolutely no idea about minining hardware, maybe even less than about trading (in case it is possible).
As far as I understand it, Bitcoin mining hardware is similar to graphics cards. But, like I've said, it's not worth looking into it as a way of making money when I know my computer architecture professor lost a lot of money on it. If my professor lost money on that, so will probably you and me.

Being a computer architecture professor doesn't necessarily make for being a savvy investor.
Sure. But knowing how computers work is a huge advantage when it comes to investing into virtual things, right?

No. It's just a commodity like anything else. Like trading in the dollar or yen or euro. Understand the supply and demand, the underlying economic forces on the sector, and with some luck, you can profit.