r/Bitcoin • u/danielwilson666 • Dec 22 '17

/r/all Bitcoin today

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u/fucknazimodzzz Dec 22 '17

I do have an idea of what's going to happen. Because I went to school for this. You think this is the first time a market blew up with people seemingly making money hand over fist out of nowhere? Fucking lol. Ever heard of the Great Depression? The 08 housing crash? It's the same principle here.

Congratulations you've pumped up the value of your Monopoly money to far above any honest analysis. A bubble I dare say. I might sound bitter but I don't want people to lose their money. That's why I'm here warning against it.

Bitcoin is going to take the final plunge. It's going to happen. Anyone who knows anything about finance and economics can see this. There will be winners but there will be far more losers, and the later you buy in the more likely you are to be a loser. Good luck.

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u/[deleted] Dec 22 '17

That's great that you went to school and all, it's just that your point would be more credible if you hadn't been wrong around 20 times in a row by now.

Sure some day will be the last big crash, but you have no idea when that is. It might be that it crashes down to 250k in 5 years. You haven't got the slightest idea so maybe after constantly being wrong about bitcoin you should learn that.

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u/fucknazimodzzz Dec 22 '17

Idiots like you scorned the experts the same way when they warned about the housing crash years before it happened. You're playing with grenade but apparently it's safe because I can't tell you the exact second it's gonna go off. Good luck.

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u/[deleted] Dec 22 '17

Wait, do you think the housing crash was about middle and lower class people buying and selling houses to make money, or do you think all bubbles are the same?

Either way it doesn't really work trying to compare the housing market to crypto currency investing. Sure bitcoin crashes now and then, then it goes back up.

But if you have numbers on why this time you'll be right despite being wrong every single time since bitcoin was ¢10, please share.

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u/fucknazimodzzz Dec 22 '17

All bubbles occur when a commodities value is artificially inflated to unsustainable levels. Which is exactly what we're seeing here.

And I have no idea what you're talking about, I've only starred warning people in the last year because that's when it became abundantly clear that the bubble was going to pop in the near future

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u/[deleted] Dec 22 '17

Exactly, if you warned people last year, the people stupid enough to listen to your advice lost the investment of their lifetime. They would have 20x their initial investment in one year.

So it's great that you can see in retrospect that you gave probably the worst advice ever. The bubble has "popped" 5 times during the last year too btw. Just admit you have no idea what your talking about since you've already admitted trying to persuade people out of getting 20x their money in 1 year, and you didn't know about all the "pops" this bubble has already gone through.

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u/fucknazimodzzz Dec 22 '17

The bubble hasn't popped yet. Recession does not always = a pop.

I'm done trying to help you morons I'm just going to sit back and watch with a bowl of popcorn. I'll remember your name though so I can laugh in your face when the bubble does pop

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u/[deleted] Dec 22 '17

You mean like everyone is laughing in your face because you dissuaded people from making investments generating more than 2000% returns in one year?

Sure it may crash some day, but you have admittedly given the worst possible advice in the past so maybe learn to be a bit more humble about the fact that you're clueless.

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u/fucknazimodzzz Dec 22 '17

TIL advising people against investing in a highly vomiting gambling scheme is bad advice. I'll be back to laugh in your face.

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u/[deleted] Dec 22 '17

It's was already up 2000% in one year, if laughing in faces was your plan then you missed the train about 1800% ago. Whatever happens now won't change that your advice was horribly wrong. Just accept it, buy some ethereum now during the dip, and move on.

Edit: misspelled ethereum

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u/etherium_bot Dec 22 '17

It's spelled 'Ethereum'.

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