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Showing 11 of 11 results by nolimitnp
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Board Bitcoin Discussion
The Real Reason China Banned Exchanges? Cryptocurrency is a Ponzi Scheme
by
nolimitnp
on 10/09/2017, 07:25:16 UTC
First, I am NOT saying cryptocurrency is worthless or useless, far from it, so get that idea out of your head. Second, if you don't understand exactly what a ponzi scheme is don't even bother reading any further. I want you to KNOW what a ponzi scheme is:

https://www.youtube.com/watch?v=jBGgHT2UT7o&t=18s

Or go to YouTube and search "What is a Ponzi scheme Moneyweek Investment Tutorials". The entire video just keep thinking Roger Ver, Roger Ver.

The overwhelming majority of Bitcoin in existence was obtained for essentially nothing by miners and early adopters for mere pennies. Roger Ver probably has 100,000. Until mid 2016, the price had remained mostly steady, although still volatile. In just the last year Bitcoins value has increased from $500 to almost $5000. But what is causing the price to rise so quickly to there incredible levels? You want to believe its because more people are entering the market, but that's not how it works. Cryptocurrency is unregulated, meaning it's completely possible for there not to be a market at all, but a market simulation. I'm telling you the market IS a simulation. People are seeing the consistent price increases in pretty much everything and don't want to miss out, so more and more people are buying in. We all have dreams of Bitcoin hitting $100,000 or higher. Then we've got people like Roger Ver, Jeff Berwick, Andreas M. Antonopoulos touting Bitcoin as the savior of humanity, which not only convinces more people to buy in, but also hold. And to be fair, maybe Berwick and Andreas are as naive as we are, but they were in early. This creates market liquidity. Meanwhile, they can sell their bitcoins obtained for mere pennies for ungodly profits. As long as the price continues to increase, people aren't converting back to fiat and new people will continue to buy in. Like on this recent dip, I always hear "buy on the dips". Suckers!! At some point, the "market" will decrease significantly causing millions of people to sell and attempt to convert back to fiat. But there won't be any liquidity left as the original investors have been cashing out. New investors giving their money to old investors. It's a classic ponzi scheme, the largest in history.

So you have a $1,000,000 portfolio and understand it's a ponzi scheme. Oh shit, time to sell!! Well, good luck. Coinbase withdrawal limit is only $10k per day. There just isn't an easy way to convert large amounts, a fact that is always overlooked. The fact of the matter is most people have already lost most of their money. They just don't know it yet.

Poloniex updated their ToS to include the inability to be involved in class action lawsuits the day before Bitcoin forked. Why, coincidence? If you went to sleep with 1 BTC @ $2800, you woke up with 1 BTC @ $2800 and 1 BCH @ $400. $400 of "free money". From where? Coinbase, one of the few exchanges that allows conversion back to fiat, refused to release their customers BCH until January. Why so long? Because that $400 doesn't exist, they don't want anyone selling, for obvious reasons. Roger Ver probably has 100,000 BTC, so he had a $40,000,000 pay day, just for owning it. And you better believe he's already cashed out. But have any of you? Poloniex refused to release their BCH until August 14th, my best guess being they were waiting for someone to question where the $400 came from. Seriously, am I the only one questioning it? We dodged a bullet. And remember, that $400 from nowhere is also sloshing around in other cryptocurrencies. Ethereum will fork not once, but twice the end of this month. Why twice? Knowing what you know now about Bitcoin Cash, makes a little more sense doesn't it. Do you see anything wrong with my logic?

Roger Ver has parts in Bitpay, BitStamp, Kraken, Shapeshift, Purse, Ripple...everything Bitcoin. He's, well, Bitcoin Jesus. But he'd be prosecuted and hung by his balls, right? Well, not exactly.

https://qz.com/221598/marriott-is-helping-bitcoin-jesus-sell-cheap-citizenship-in-the-caribbean/

The only reason I know is because stole $17k that would be $250k today from me and I've been trying to prove it ever since. Yeah I went a little bigger, huh? We've been had fellas. Sure, laugh, you better pray I'm wrong. I know what I saw on the Poloniex exchange. It's all fake. China is on to it and that is the reason they have banned exchanges.

BTC: 1NHmYxrnxiBkGjhEed3VPso3oY9mnbuqSx
ETH: 0xb6F4a3974Da40Ba92377bF8E61C3E8323f1ba326

We still have until at least the Ethereum fork, unless word gets out sooner.
Post
Topic
Board Legal
Bitcoin is a Ponzi Scheme. Check my logic. You better hope I'm wrong.
by
nolimitnp
on 04/09/2017, 06:41:16 UTC
First, I don't want anyone thinking they know what a ponzi scheme is. I want you to KNOW what a ponzi scheme is:

https://www.youtube.com/watch?v=jBGgHT2UT7o&t=18s

Or go to YouTube and search "What is a Ponzi scheme Moneyweek Investment Tutorials". The entire video just keep thinking Roger Ver, Roger Ver.


The overwhelming majority of Bitcoin in existence was obtained for essentially nothing by miners and early adopters for mere pennies. Roger Ver probably has 100,000. Until mid 2016, the price had remained mostly steady, although still volatile. In just the last year Bitcoins value has increased from $500 to almost $5000. But what is causing the price to rise so quickly to there incredible levels? You want to believe its because more people are entering the market, but that's not how it works. Cryptocurrency is unregulated, meaning it's completely possible for there not to be a market at all, but a market simulation. I'm telling you the market IS a simulation. People are seeing the consistent price increases in pretty much everything and don't want to miss out, so more and more people are buying in. We all have dreams of Bitcoin hitting $100,000 or higher. Then we've got people like Roger Ver, Jeff Berwick, Andreas M. Antonopoulos touting Bitcoin as the savior of humanity, which not only convinces more people to buy in, but also hold. And to be fair, maybe Berwick and Andreas are as naive as we are, but they were in early. This creates market liquidity. Meanwhile, they can sell their bitcoins obtained for mere pennies for ungodly profits. As long as the price continues to increase, people aren't converting back to fiat and new people will continue to buy in. Like on this recent dip, I always hear "buy on the dips". Suckers!! At some point, the "market" will decrease significantly causing millions of people to sell and attempt to convert back to fiat. But there won't be any liquidity left as the original investors have been cashing out. New investors giving their money to old investors. It's a classic ponzi scheme, the largest in history.

So you have a $1,000,000 porfolio and understand it's a ponzi scheme. Oh shit, time to sell!! Well, good luck. Coinbase withdrawal limit is only $10k per day. There just isn't an easy way to convert large amounts, a fact that is always overlooked. The fact of the matter is most people have already lost most of their money. They just don't know it yet.

Poloniex updated their ToS to include the inability to be involved in class action lawsuits the day before Bitcoin forked. Why, coinicidence? If you went to sleep with 1 BTC @ $2800, you woke up with 1 BTC @ $2800 and 1 BCH @ $400. $400 of "free money". From where? Coinbase, one of the few exchanges that allows conversion back to fiat, refused to release their customers BCH until January. Why so long? Because that $400 doesn't exist, they don't want anyone selling, for obvious reasons. Roger Ver probably has 100,000 BTC, so he had a $40,000,000 pay day, just for owning it. And you better believe he's already cashed out. But have any of you? Poloniex refused to release their BCH until August 14th, my best guess being they were waiting for someone to question where the $400 came from. Seriously, am I the only one questioning it? We dodged a bullet. And remember, that $400 from nowhere is also sloshing around in other cryptocurrencies. Ethereum will fork not once, but twice the end of this month. Why twice? Knowing what you know now about Bitcoin Cash, makes a little more sense doesn't it. Do you see anything wrong with my logic?

Roger Ver has parts in Bitpay, BitStamp, Kraken, Shapeshift, Purse, Ripple...everything Bitcoin. He's, well, Bitcoin Jesus. But he'd be prosecuted and hung by his balls, right? Well, not exactly.

https://qz.com/221598/marriott-is-helping-bitcoin-jesus-sell-cheap-citizenship-in-the-caribbean/

The only reason I know is because Poloniex stole $17k that would be $250k today from me and I've been trying to prove it ever since. Yeah I went a little bigger, huh? We've been had fellas. Sure, laugh, you all better pray I'm wrong.

BTC: 1NHmYxrnxiBkGjhEed3VPso3oY9mnbuqSx

ETH: 0xb6F4a3974Da40Ba92377bF8E61C3E8323f1ba326
Post
Topic
Board Service Announcements (Altcoins)
Re: 🔥🔥🔥🔥🔥[GUNBOT] Automatic Poloniex Profit Generator🔥🔥🔥🔥🔥
by
nolimitnp
on 02/08/2017, 18:19:57 UTC
I'm still using version 3.2. How do I upgrade to the latest version?
Post
Topic
Board Service Announcements (Altcoins)
Re: 🔥🔥🔥🔥🔥[GUNBOT] Automatic Poloniex Profit Generator🔥🔥🔥🔥🔥
by
nolimitnp
on 20/05/2017, 14:59:44 UTC
Where do I look for the link?

you get link when you pay for it. if interested i can sell for 0.085 BTC

I have paid for it, I'm using 3.1b
Post
Topic
Board Service Announcements (Altcoins)
Re: 🔥🔥🔥🔥🔥[GUNBOT] Automatic Poloniex Profit Generator🔥🔥🔥🔥🔥
by
nolimitnp
on 20/05/2017, 05:33:20 UTC
Where do I look for the link?
Post
Topic
Board Exchanges
Topic OP
Poloniex.com is a scam
by
nolimitnp
on 09/05/2017, 22:07:48 UTC
Google Poloniex lawsuit. Tons of insider trading, bots, other unfair practices. They're robbing us blind. Remember there are no regulations on these exchanges, so ignore this warning at your own risk. 
Post
Topic
Board Economics
Topic OP
US Dollar Collapsing
by
nolimitnp
on 03/05/2017, 04:45:07 UTC
http://didthesystemcollapse.com/ Read the top right corner "what is happening" or for those too lazy:

Real money is Gold and Silver. Paper money only started having value because it used to be backed by gold several decades ago. Now it's backed by nothing except mass delusion and geopolitics.

Since the 2008 economic collapse, central banks around the world have overdosed on financial stimulus and printing money out of thin air. They have artificially suppressed the prices of gold and silver to keep the dollar delusion going.

On April 19th 2016, China locked in the dollar's death by launching their own gold price fix. For the first time in modern history there are now two prices of gold, one in the Chinese yuan and the other in the dying dollar.

If the West were to raise the price of gold, it would kill the dollar completely as it would prematurely instigate the inevitable mother of all safe haven panics.

If the East were to raise the price of gold, it would drain the West's gold reserves due to arbitrage. This would expose the West's fake gold market and kill the dollar. Doing this prematurely means the East could no longer buy gold for themselves at heavily undervalued prices for their post-collapse monetary dominance.

The eventual endgame is that the price of gold skyrockets and the dollar permanently collapses along with the global banking system and modern society as we know it. Black Friday will be everyday as the masses murder each other for a peach pit. This is sure to happen anytime between now and the end of 2018.

Don't believe it? We'll find out soon.

The Chinese are buying gold and silver like crazy. Google it. The Chinese are dumping American treasuries. Google it. The Chinese own 60% of the world's mining power. Google it. Add it add together and red flags should be going off for you all over the place. The US Dollar is collapsing. Hell google that too. Get the hell out of altcoins. We're already seeing what extreme spikes do to the price of altcoins, right? What happens when that spike goes to $2000? $2500? $5000? You can come back to altcoins after the spike. The bottom line is Bitcoin is your safe haven. Stay there.
Post
Topic
Board Altcoin Discussion
Re: Which altcoin is the most undervalued right now? (list)
by
nolimitnp
on 01/05/2017, 10:37:02 UTC
With few exceptions, why would anyone invest in altcoins that can only be traded with Bitcoin? That is to say like Golem can also be traded with Ethereum for example, or litecoin which can be traded with Monero and the USD. It's no secret spikes in Bitcoin are tired almost perfectly inversely proportional to to Altcoins.

Just remeber for markets to work, for everyone who's getting wealthy, there also has to be someone going broke. Right now you wake up to see seemingly ever market is green with a few exceptions of shitty volume altcoins. ZCash, Dash, Ethereum, Bitcoin, and litecoin have all seen insane spikes in price over the last few weeks. I realize there are more people entering the market, but not that money. Something isn't adding up. It wouldn't surprise me to find out whales are also running the exchanges. It also wouldn't surprise me to find out some of the exchanges are completely insolvent, that it is to say, they're trading more in cryptocurrency than there is in money to back it up.

I know most people are like shut up don't talk shit about cryptocurrency. Remember this all still incredibly new and 100% completely unregulated. Most of you probably have cryptocurrency on a wallet just refusing to sell it because you just know the value will increase. Will it, will it really? I truly hope you're right, but it's all still, your entire wealth is just 1 and 0s. The only reason it has any value is because we believe it has value. If anything ever happens to shake our confidence, like an exchange becoming insolvent, the value could decrease to $0 overnight. Be safe, take some profits on the way up and put it towards gold and silver. Avoid trading too much in altcoins.
Post
Topic
Board Service Announcements (Altcoins)
Re: 🔥🔥🔥🔥🔥[GUNBOT] Automatic Poloniex Profit Generator🔥🔥🔥🔥🔥
by
nolimitnp
on 29/04/2017, 23:18:12 UTC
Updated statistics using the stop-loss strategy. Courtesy of FrilledShark's GUNBOT Profit Calculator

https://docs.google.com/spreadsheets/d/1BdmSXq92Fs_78QVk-cCSXABLhIy55-ia59nOGNoX9iU/pubhtml

Wait, are you telling me you earned .385 BTC with Gunbot? In how long?
Post
Topic
Board Service Discussion (Altcoins)
Topic OP
How anyone else noticed the poloniex XRP/BTC exchange is a fraud?
by
nolimitnp
on 09/04/2017, 03:39:01 UTC
As is most of the rest of the their site, part of the time. I've seen it happening between 3-7 AM Pacific time most days. Like on the right side you have your buys, or sells, whichever you prefer. The list will either decrease or increase in a linear fashion, meaning the buy and sell orders will fall almost directly next to each other, never stopping (except to let trades go through.) The idea is that you buy low and sell high, repeating the process over and over again to profit. I don't know if it they do it on all exchanges, but I know Litecoin, Ripple, and Ethereum for sure. Unfortunately some jackass with a bot has high jacked the process in the Ripple exchange. You can probably go check it out now. And besides, depending on the exchange, it's kinda slow. I made an entire litecoin trading back and forth 40 of them last night.

But another issue. I'm fine with bots in general, but not to the point they eliminate all human interaction. I borrowed on margin when litecoin first took off. If you look at the peak, after that there is an almost choreographed fall. I'd think eh, shit happens, but it fell EXACTLY to my margin maintenance number when my account was liquidated before turning around. Now I had plenty of litecoin on hand to prevent such a fall. The bot would not all me to enter any data. I'm bitter of course, but there's not a god damned thing I can do about it. Just keep an eye out for extreme market manipulation, or, possibly ways to get rich quick. If you have a bot that automates the process I'm talking about, please for the love of God let me know!
Post
Topic
Board Service Announcements (Altcoins)
Re: 🔥🔥🔥🔥🔥[GUNBOT] Automatic Poloniex Profit Generator🔥🔥🔥🔥🔥
by
nolimitnp
on 06/04/2017, 03:50:22 UTC
Has anyone else noticed the Ripple exchange on poloniex is a complete and total fraud? It is run 100% completely by bots. Just sit and watch it operate for awhile and by awhile, I mean hours. I've noticed at least 3 different patterns that they go through. Basically they're giving away free Ripple. Now that I've brought it to your attention, can someone please look and let me in on how to take advantage? Could the gunbot do this?