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Showing 20 of 3,113 results by barabbas
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Board Announcements (Altcoins)
Re: THE OFFICIAL ARAGON (ANT) CROWDSALE AND PROJECT THREAD
by
barabbas
on 20/02/2018, 18:52:25 UTC
Despite being only 8 months old, ANT has made a profound impact on the community, finding itself mentioned in several major media outlets, including Forbes, The Economist, Coindesk, Reuters, Nasdaq, and IBT. The team is elated to inform you that Aragon has several key catalysts this month. ANT is expected to have its 0.7 Alpha release this month, which will focus on adding basic network guidance, ANT token minting, and integrate updateability. We have found that releases of all types, from Beta to Alpha, bear great importance to the community, and with Alpha signifying a more advanced stage in Aragon’s roadmap, we suspect there to be a prodigious upward shift in ANT’s value.



Your shilling has the exact opposite effect. As it should. This thing is going nowhere fast ... except the cash going straight to the pockets of Cuende and Izquierdo.
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Board Announcements (Altcoins)
Re: THE OFFICIAL ARAGON (ANT) CROWDSALE AND PROJECT THREAD
by
barabbas
on 13/09/2017, 09:12:49 UTC
What's this that I read, Luis and Jorge are selling more ANT? A second-round ICO?

To think that once I believed in this project -and in Luis and Jorge- enough to actually invest on it? Just another money-grab scheme, I'm afraid, just that. Wow.
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Board Announcements (Altcoins)
Re: THE OFFICIAL ARAGON (ANT) CROWDSALE AND PROJECT THREAD
by
barabbas
on 02/09/2017, 05:49:23 UTC

I have taken a look in this project. Did some reading. And I still don't understand what can be done with ANT tokens? Apart from p&d actions, what would effect its pricing?

I see on this blogpost, that the company bought back some of the tokens to distribute on actions like bug bounties, or paying some freelance employees. But those are not the main business of the company, rather means to their business. What I'm currious about is how would this company's vision/business success or failure will effect the tokens?


Btw, from where I stand, I don't think there is a chance that founders would just take away the ico funds and dissappear. They are and apparently will be working on this project, but as I said, I don't understand the needs for tokens (apart from dev funding) in this scenario. It could have made sense if the tokens somehow reflect some amount of company shares but they have stated that it's not the case.

ANT -like ETHER to Ethereum- is just a token with a given value determined by the market. When Aragon is implemented, those tokens will buy a number of things (read extensively about it in the white paper) and will be minted through the provision of a number of services and uses, via fees, much like proof of stake but different. It's future price will be determined, like now, by the market and their rate of inflation by the stakeholders of the coin.

If you believe in this project AND are willing to wait quite a bit of time, purchasing ANT now could be a great investment, but it is pure speculation -like every other coin with the possible exception of Dash, if you have a node-. Current price is quite steep (my opinion) considering all the circumstances and how long in the horizon is a reality of great usage of the Aragon Network AND some of it's key features (the Arbitration one is particularly complex and potentially quite manipulable). But these are times in which development of these things take a bit of time but implementation is usually pretty fast because, obviously, the first to use the applications are the organizations within the proper crypto world itself (think Ethereum, again), so neither of these projects needs to be implemented by a big brick and mortar organization -that seems to be in a very, very distant future and with a big IF in front of it- and can literally thrive on self-propagation of crypto projects. Specifically Aragon can become part of a chain (on top of the Ethereum blockchain) that includes other DAOs -potentially many of them- that will bring added features in a never ending (potentially) decentralized organizational and operational network for all kinds or organizations. You will notice I included a couple of times the word "potential".... in the foreseeable future though, you can look at Aragon as an improvement on the Ethereum smart contracts (allowing distribution of dividends, for instance, which Ethereum doesn't provide), among several other uses such as voting and arbitration (again, this one very far from proven effectively as of now).

I don't know if your interest is in sticking around for a while in Aragon to see what it can really do and what his worth ultimately be, or if you are thinking in investing in it for pure speculative purposes. If the later is the case, I believe there are many other projects that will probably have closer catalysts than Aragon. This one has a long and very winding road ahead before it reaches even a minimal part of what it is set to achieve.
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Board Announcements (Altcoins)
Re: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake
by
barabbas
on 29/08/2017, 22:11:55 UTC
Can anyone explain the difference between ARDR and IGNIS? They seem like they are 2 projects of the same thing.

I'll suggest you to read Ignis ICO whitepaper at https://www.jelurida.com/sites/default/files/JeluridaWhitepaper.pdf and check https://www.jelurida.com/resources

And don't look what barrabas is writing, he's living in parallel universe.

Yeah, follow martismartis advice instead. He'll have you convincdn the moon is within reach. Me, on the other hand, will continue telling you that in the real universe, not only NXT/ARDR has been recently halved (in BTC), but will be much, much, MUCH lower.

Because, frankly, there's no value of any significance there. At all. At least not value that can be compared to about 50 other alts either fully developed or in advanced stage of development be people who pass much more mustard than this "team" of schemers.
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Board Announcements (Altcoins)
Re: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake
by
barabbas
on 28/08/2017, 22:54:05 UTC
Can anyone explain the difference between ARDR and IGNIS? They seem like they are 2 projects of the same thing.

Actually IGNIS is a child chain of ARDOR, which is the network... oh wait: Ardor is going to be the network when NEXT disappears, which will be shortly after the NEXT network is forked to become ARDOR...

In reality it is quite simple: It is all the same thing, iterations of the same thing. Implementations of some new improvements, scalability and features, but the exact same thing... they simply call it different things to be able to sell it as different things. And guess what? It is working like magic ... for them, the "team".

Keep an eye of the dumping of NXT already in progress (but nothing compared to what's coming as it goes obsolete). Fascinating.
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Board Announcements (Altcoins)
Re: THE OFFICIAL ARAGON (ANT) CROWDSALE AND PROJECT THREAD
by
barabbas
on 25/08/2017, 23:01:10 UTC
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Topic
Board Announcements (Altcoins)
Re: [ANN] [COVAL] Circuits Of Value - Loyalty and Rewards Platform [LOYYAL]
by
barabbas
on 22/08/2017, 19:48:16 UTC
Koval's team inspires confidence, it does not expressly pursue quick profit at any cost, has its own uniqueness among thousands of projects and I believe in the success of this coin.

This is unintentionally funny.... downright hilarious, really.
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Board Speculation
Just about 20 million. Wait and watch it REALLY explode...
by
barabbas
on 14/08/2017, 04:17:13 UTC
Tens, hundreds of thousands of new bitcoin purchasers, traders, holders... It's a fever, across the world, making the mainstream news -and new highs- every day....

But this is NOTHING. All those 10s, hundreds of thousands of new bitcoin converts, hardly realize yet that there is going to be only 21 million bitcoins. Ever. And about 1 million have already been lost forever, so, basically, about 20 million...

What is going to happen when not hundreds of thousands, but actually hundreds of millions of people want to have bitcoin?

We ain't seen nothing yet.

Here's my prediction, for the books: $50,000+ within 5 years, probably within 3 years.

Or earlier.
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Board Announcements (Altcoins)
Re: THE OFFICIAL ARAGON (ANT) CROWDSALE AND PROJECT THREAD
by
barabbas
on 12/08/2017, 21:41:47 UTC
Aragon is by far one of the best cryptocurrencies when it comes to information. Any questions is answered promptly on their Slack channel and their blog is very much alive.

Among recent news is the Q2 development update and hiring of a senior full stack web3 engineer.
https://blog.aragon.one

Sorry but not nearly good enough. After the multimillion dollars infusion this should be much, much more aggressively coming out with real updates... in the form of CODE. In the form or alliances. In the form of ADVANCING the calendar. In the form of hiring.... you know MOVING forward, really moving forward. No one is sitting and waiting on the beach, like Luis and Jorge are doing now, in crypto. Aragon is not unique in any way and Microsoft -of all organizations-, for instance, is eating already its future lunch. With many other well funded competitors going at it at strenuous pace.

Like I said: Disappointed.
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Board Announcements (Altcoins)
Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
by
barabbas
on 12/08/2017, 21:38:49 UTC
Once enough people realize that most of these ICOs are nothing but "hype and hope", they will eventually flock to projects that actually have working tech with real world uses (like BAY). BitBay has one of the most extensive lists of useful features in all of crypto. It is an extremely versatile and multifaceted coin. The amount of real world use cases for it are almost endless. BAY already has a WORKING decentralized market with unbreakable smart contracts. The upcoming rolling peg will just be icing on the cake. I'm not gonna give any names, but can somebody please give me a reasonable reason why other projects that would be considered competition, are worth more than BAY, when BAY is arguably better than all of them? It absolutely makes no sense.

If anybody isn't familiar with BAY, just go check out its "Wall of Features"



Because it is a CONFIRMED, PROVEN, scam?
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Topic
Board Announcements (Altcoins)
Re: [ANN] Nxt :: descendant of Bitcoin
by
barabbas
on 07/08/2017, 05:32:23 UTC
Hi, I am a new NXT holder. Couple of questions.

1: It has been said that Ardor is an evolution of the NXT software. Why would I keep holding NXT instead or ARDR? It seems counter intuitive to me that a fresh new and more prevalent platform can launch without eliminating its previous less advanced version. Won't the launch of ARDR dramatically devalue NXT? (like when a new version of the Iphone comes out)

2: What is IGNIS? I know it will be a childchain or Ardor. But why would I get 0.5 IGNIS per NXT that I hold? And will my NXT still be relevant?

3: Why would IGNIS be distributed to NXT holders rather than ARDR holders? since IGNIS is a child chain of Ardor and not NXT.

This all makes no sense to me. Will there be 3 different tokens all related to the same project? To me this is why NXT has such a hard time gaining value. This is all too confusing. Can't they just move all the NXT tokens to Ardor and just go with Ardor. Stick to one platform instead of 2 and a half.

1.- You are absolutely right. The main reason to keep NXT, and to award it 50% of IGNIS is for the amazingly greedy "team" -you know who they are, or you should- behind this project to award themselves millions of IGNIS on top of their already huge stake in ARDR (free of charge to them also). It is a scheme that they smartly invented about a year ago when they distributed 1x1 Ardor to NXT holders. They believe it worked in their favor, so why not do it again with IGNIS? Now, arguably, they -and NXT holders in general- would have profited much more if they would have just kept things the way they were, with a quick and timely transition to NXT 2.0, but they thought -and initially it worked that way- they would benefit much more this way, so there you are. Mind you, they have come up with yet another greedy scheme to try and get even more money, by having and ICO for the other 50% of IGNIS that also belong to "the team".

2.- The answer to that is very clear: They need you to keep the NXT network strong. And (practically) for free. Otherwise the whole enchilada comes down crashing like a house of cards. So they rather desperately need you to keep NXT until ARDR is fully implemented (and renders NXT obsolete). No, your NXT won't really be relevant at all -but they'll try to keep you tied to it while they themselves unload, which will be swift and quite brutal. Watch.

3.- Refer to #2.


If they would have been a bit honest and a bit less greedy, the NXT project, after the explosion of the last few months in alts, would have a valuation at least 10 times -and probably more- the current one of both NXT and ARDR put together. As it is, not only the valuation remains, by comparison, paltry, but probably going lower. With dozens of very promising projects, some of them realities already, available to investors, why would anyone bother with NXT defies any logic, really... except for the possible perception that it has not pumped yet, which would apply only to really, really dumb money. What a pity.


Yes, these same questions have been bugging my mind aswell. I only have 1k nxt, so not a big investment, but still. I wouldnt' like to just shove my money into a black hole.

I know one should figure out what to do with his money themselves, but, I will ask you barabbas, since you do this for living, what do you suggest?

GET ardor instead of my NXT? Dump NXT altogether for btc?

I was thinking of buying in on the first round of Ignis ICO, I'd get 2.5k ignis- considering that the price will increase every round, the price of IGNIS coins, once it reaches exchanges would have to be higher than in the first round anyhow.  So there is some profit to be made, IMHO.




First, I don't "do this" for a living. Second, I can pinpoint -like I have done repeatedly- what many others don't want to see to make it unavoidable, but I never tell anyone what to do with their money. In my opinion, there's money to be made here... only speculating, buying on the huge dips and not being too greedy and cash in profits early on the equally big bull runs. At this point, and always from my standpoint, to invest in NXT could be throwing your money away... actually half of your money. I can't see any value at all in NXT after IGNIS. Now, the matter at hand is how much is IGNIS worth? The 5 million just bought have put a nice price on it but bear in mind that it comes more than probably from someone like Damelon or Jelurida, so they are "buying" with no real money whatsoever (they know NXT is going to be worthless and at least they'll secure a lot of iGNIS with the many, many, many millions of NXT they have), therefore it is all a fantasy. Again in my opinion, IGNIS is nothing but yet another copycat shitcoin with no value whatsoever in and of itself, but that's just me, the skeptic. They, the team, have proven quite smart at selling their schemes before and probably there will be a time, however very short, to make money on this but I am out and won't be in probably never. I mean, Goldman Sachs just anticipated an immediate reach to $3700 on BTC, which probably will be widely surpassed within weeks, with so, so much to come.

As for any other options, no one can deny the increasing valuation, usage and popularity of Ethereum.

I like a lot ANT, but I am very disappointed because, instead of working, its owners are happily spending a slice of the almost 30 million bucks they got in their IPO vacationing. I'm sure they'll get back to work some time in September and it will pick up, but who has time to waste of need to take unnecessary risks when the pastures are so green all over? By comparison, this entire project is a major disaster wanting to happen. You want proof? any other ICO, ANY AT ALL, is subscribed in the first phase by a single customer within second and it will make news across the boards and an avalanche of people wanting in. As it happens, both NXT and ARDR have halved since  and no one, in crypto or outside, gives a fuck about the whole thing altogether. Draw your own conclusions.
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Board Announcements (Altcoins)
Re: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake
by
barabbas
on 05/08/2017, 21:45:53 UTC
if possible to prosecute jelurida, community should look into it

There is no way. They didn't breach neither law, nor their own terms.


To each his own: They have been not only fully clear about their intentions but blatantly so. Any people hurt i the whole scheme fully deserves it.
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Topic
Board Announcements (Altcoins)
Re: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake
by
barabbas
on 05/08/2017, 19:57:39 UTC
nxt going to zero. ardor will dump after snapshot. jelurida laugh to the bank

You get the gist of it. Completely.
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Topic
Board Announcements (Altcoins)
Re: [ANN] Nxt :: descendant of Bitcoin
by
barabbas
on 04/08/2017, 23:52:09 UTC
The thing I don't understand in all that process, is what NXT will become ? why keep it alive if there is Ardr which is NXt 2.0 ?!


The development team holds hundreds of millions of the crap. How do you think they plan to get out of it without losing it all? The firesale is going to be of epic proportions, so this is the predicament: They NEED the people holding and forging the NXT to maintain the network until ARDOR is implemented (IGNIS will require ARDOR support, not NXT), including of course themselves. They figure that the 0.5 x 1 in IGNIS plus the ICO will more than compensate them for the gigantic losses they are going to have getting rid of the millions of NXT, so they will do ANYTHING they can think of to avoid that people sell their NXT when they rightfully realize -like you have- that there's absolutely no purpose to it. So, they are willing to basically creating a "maintenance team" will all those millions from the ICO, to keep NXT active while they dedicate themselves to sell other projects (childchains) through Jellurida and maintain and update ARDOR.

It's all very devious and smart and has only one purpose: To make them money.

Other than speculating, to remain in this project at this time is just a ticket to get everything you deserve.
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Board Announcements (Altcoins)
Re: THE OFFICIAL ARAGON (ANT) CROWDSALE AND PROJECT THREAD
by
barabbas
on 03/08/2017, 03:51:08 UTC
I think Aragon the only company that keeps its token holders up to date on whats happening in the project,most others seem to go dark after the crowdfund

I am extremely supportive of this project -and heavily (for me) invested in it, but 2 1/2 months have passed since the ICO and no news of any significance regarding the progress of the project or any hirings. Luis and Jorge have going dark, deeply. Maybe they are still counting all those million$ they made in the ICO and are taking it way to easy... I know it's the summer and all but we have paid them, in advance, very dearly. They should be producing news of significance if not daily, at least every week. It isn't like they don't have resources now.

In cryptoland 2 1/2 months is almost an eternity.

Disappointed.
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Topic
Board Announcements (Altcoins)
Re: THE OFFICIAL ARAGON (ANT) CROWDSALE AND PROJECT THREAD
by
barabbas
on 21/07/2017, 19:30:59 UTC
The email from Jorge Izquierdo offering 1000 ANT for free is a scam, right?
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Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
barabbas
on 20/07/2017, 23:37:55 UTC

But not like this. Why the hell would people want a tokenized fiat? It makes no sense.

Why not just use the established cryptocurrencies for day to day payments...

Price stability??

You mean 10% inflation / yeaar? 99.9% of the value of USD was lost in the past 100 years...

No thanks. I like if my wealth is going up not down. Cryptocurrencies mostly go up in price.

And that's why the price of BTC is up today over 30%. Not as a currency, because it would be absurd to pretend to use a coin that in a couple hours can have swing, both ways, of 30% or more, but as a store of value. Those who bought under $2,000. Are making a mint, not just stowing value that will go much higher and definitely much higher than gold in tears to come. Whether they choose to trade and cash in the profits or keep it gaining long-term value, it is not a currency that can be used on a daily basis. The dollars has lost very little value in the last 6 months with respect to other currencies... except bitcoin, of course. Or ETH, even this blasted ETH that has been halved and is having serious trouble gaining traction. Or practically any other cryptos. That said, the risk of being robbed by hackers will need a much higher valuation for the vast majority of people to put real money in. Only speculators.
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Board Announcements (Altcoins)
Re: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake
by
barabbas
on 19/07/2017, 01:29:31 UTC
what do you think about NXT, ARDR & IGNIS?

If the question is for me, NXT was a great project marred by the horrible distribution and overall greediness of the main holders/developers. Great tech never given a real chance because of those and other circumstances, such as the inability to make it simpler to understand and use and the inability to simply make it KNOWN.

ARDOR is supposed to be the natural evolution of NEXT and, as such, have many more and much improved features. They , the developers, have had over a year to bring this to fruition and so far have not produced anything except for untested pretenses (untested under stress conditions, that is). Even if those pretenses are close to reality when the product finally sees the light there will be in affect already and in very advances stages of development much more advances products by at least half a dozen projects, with many more in earlier stages.

IGNIS I don't even know what it is. It seems to me just another clone token/asset. A necessary part of the con that this entire project has become.
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Topic
Board Announcements (Altcoins)
Re: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake
by
barabbas
on 19/07/2017, 00:10:05 UTC
For those who are considering participating in this (con) ICO, so you know where you are throwing your money:

They want you to give them 25-35 million dollars (at current market prices) of which they will keep -through their private, for-profit company, Jelurida-, 3-4 million. The rest will be for promotion, development, bla, bla, bla... of IGNIS/ardor (they say they will contin ue developing NEXT but that's just another con to get rid of their hundreds of millions of NXT at decent prices. They even say that the only thing they will do is give to NEXT tha same features ARDOR will have, go figure. Their own words... So those tens of millions of dollars will be used among other things, to pay their salaries -they will set their own salaries, at their own will and discretion-, to hire developers and promoters and you name it, again at salaries that they approve and you have no say whatsoever in the whole thing. Oh and they will use it to travel around the world promoting the projects (namely private child chains that they will sell to private parties for profit upfront and whose traffic you will carry for peanuts fees (it is in their interest, to make the product they sell attractive, to keep those fees at the minimum). They can spend as much or as little as they choose. Of YOUR money. No explanations, no accountability of any kind. They may choose to work... or not. To hire (friends, relatives, friendly geeks...) or not. They may advance the project, or pretend they will advance it several years from now, or not. And you have no shit to say in the whole shebang. Not only that, they have been quite open and frank about it, so you won't even have the right to complain when you finally wake up.

But there's more: They own, at least the major part of the main 50 wallets -roughly 400 million NXT-. That means they got 400 million Ardor for free. Of course this is not provable but believe me, it is true. And that means they will get, ON TOP of that rain of millions already mentioned, another 200 million IGNIS, which at the price they suggested, will amount to another 12 million dollars... Are you keeping track? No need, really. If you have even a small bit of common sense, you will run away from this con job as fast as you possibly can.

And for the converts, the  ones that say "but this is the same with all other ICOs, you throw money at them with no guarantees... at least here we know who these guys are", well not that you can be convinced... or that I would try, but the truth is that when you participate in an ICO, usually, there's an idea, which is new, more advanced or complete than current projects and a known group of people behind it, with history and credentials (otherwise you are assuming too much risk) who WILL BE CONCENTRATING ALL THEIR EFFORTS on the success of that project of which they retain standard ownership of no more than 15%, so they are as motivated as you are, if not much more, to make the project a success. Here, if the whole child chains brouahaha is a total failure -as it will be-, they still keep the same amount of money you have already given them to do with it as they please. Completely. Without accountability. AND, if the childchains are successful, you still get basically shit (crumbs, if you forge) while they -not you- reap 10s of millions of dollars in profits.

This is the long and the short of the con. Up to you now.

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Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
barabbas
on 17/07/2017, 19:02:04 UTC
The problem is only for who sell eth .. I prefer eth with me  Cool
That exactly what we should do now.price can rebound anytime from any stage,and it only give you a lose if you sell your eth now. I believe this is not the right time for sell as i believe eth price will spike over $300 soon.

Based on wishful thinking?  This is all uncharted territory.  What kind of analysis could possibly make you think with any confidence that a spike straight back up is likely?

I think this drop was very fast and there will probably be a good bounce back up just because of trading, but why "300+ soon"?

The price is actually rebounding nicely but I doubt it will reach 200 any time soon. The 50% haircut -if it does reach 200- will reflect the obvious: All those multi-million ICOS, including current ones in progress, need to dump millions and millions of ETH in the markets and get it in fiat in order to progress and pay for the operations their ICOS promised. Same thing with BTC for most of them admitted both ETH and BTC. In my opinion the crash of this weekend is just the start and it will be followed by many others as this exchange of BTC/ETH for fiat continues inevitably and with new money coming in slowing down, especially after new investors are burned by the crashes.

That, of course, doesn't include the easy manipulation that is quite possible for those with big pockets and the ability to short.

These are very troublesome times with the risk increased significantly. To remain on the fence seems quite appropriate to me.