It's a scam, right?

LuckyDusty
LuckyDusty

It's a scam, right?

All urls found in this thread:
https://discord.gg/qFXy2Q3
https://www.linkedin.com/in/tristandagosta
http://alunacrypto.blogspot.com/
FastChef
FastChef

It's gambling for people who don't gamble.
Help me, I check it all day and night and have 2/3 my savings in various cryptocurrencies.
I'm in the green, but I dread the day I fuck up

BunnyJinx
BunnyJinx

@FastChef
you wont fuck up.. the only way for you to lose money is to constantly trade at a loss hundreds of times over and over again. which is very hard to do, you have to be literally retarded to lose all your money on polo. which thank goodness most of us arent

the only thing i fear about shitcoin daytrading is if a hack happens or an exit scam.. but so far, polo has been good

Harmless_Venom
Harmless_Venom

Also, what the fuck is this shit?

TalkBomber
TalkBomber

@LuckyDusty
Whats the point of cryptocurrencies when all you do is trade them for other cryptos? It's like using real money to buy monopoly money, or do you guys actually trade them for USD at some point?

StrangeWizard
StrangeWizard

@Harmless_Venom
This a thousand million times.

Supergrass
Supergrass

@TalkBomber
Yes.

Lunatick
Lunatick

@TalkBomber
do you guys actually trade them for USD at some point?
lol

Imagine them like derivatives of derivatives of derivatives, except this time it's nerds instead of wall street bankers. No-one has any clue what the intrinsic value of anything is because it's all interrelated and entirely disconnected from anything tangible or real. The only real difference is that the adherents are dearly praying that some form of Bitcoin Jesus shows up out of nowhere and makes Bitcoin and its progeny a ~real thing~ and makes their monopoly money convertible into real money.

As of right now, my understanding is that the few Bitcoin ATMs that exist are more or less broke or scams.

MPmaster
MPmaster

bateman u nerd u can cash out BTC on most exchanges for USD too

VisualMaster
VisualMaster

Lads how exactly do you go about researching cryptocurrencies, determining which ones are actually worth something etc?

There's very little information that I can find on how to do it, even with Google. Going to the dev's sites isn't really enough, because they'll all try to make it seem like their coin is better than everyone elses.

PurpleCharger
PurpleCharger

@Lunatick
Can't wait till every store will look like this and everyone will be forced to learn how to use bitcoin in a week

GoogleCat
GoogleCat

@BunnyJinx
I've lost all my money twice this week trading XMR

StrangeWizard
StrangeWizard

polo going down would be the end of all cryptocurrency

Nude_Bikergirl
Nude_Bikergirl

@LuckyDusty
Alright, listen buddy.. Follow two rules to not fuck up on Polo.

1. Do not, under any cricumstances daytrade crypto, especially don't get blinded by xxx% gains on shitcoins. Get into some coins with a halfway solid foundation like ETH, ETC, DASH, XMR, NXT, SYS, FCT (those are only examples) and sell as soon as you make gains.

2. Do not, under any circumstances take anything from that trollbox seriously. It's a box full of third world children who bag hold some coin in hope that it will make them rich one day.. and that's why they shill shitcoins so hard. Just turn it off.

Harmless_Venom
Harmless_Venom

@TalkBomber
I trade them for meth when I'm not trading. Sure way to make meth money

MPmaster
MPmaster

@Harmless_Venom

when a margin pair has high volume, a shitcoin will pump to absurd levels so that idiots close their positions and lock their money in a shitcoin instead. When the margin pair volume drops, shitcoin pumps collapse and no one mentions the coin ever again.

Go back and check the charts for ETH in early 2016. You will see that shitcoin pumps only happened on the days that ETH had huge trading volume.

Bidwell
Bidwell

@Nude_Bikergirl
I didn't turn off trollbox, it's good to know what others want me to do

Made 0.11 BTC from 0.06 since last Friday
Only successful trades at the moment
Almost fucked it up today though because I didn't get out at the peak
I think I'm successful only because I don't care if I lose it all
From today I won't go all-in, I'll divide it into two
One half -> stronger coin with long term potential
One half -> ready to pour into pump and dumps

Poker_Star
Poker_Star

@TalkBomber
I sell for cash. Tax free. Actually making bank.
Then again I am trading around 50 -100 btc.

Techpill
Techpill

@Poker_Star
Do you meet with buyers? How do you avoid getting robbed?
Public places and trusted buyers?

New_Cliche
New_Cliche

@LuckyDusty
no, i use ir and make nice money
crypto is tax free, remember that poorfags.

TurtleCat
TurtleCat

@New_Cliche
crypto isn't tax free you fucking moron

JunkTop
JunkTop

@TurtleCat
Only cucks bend over for uncle Sam

PurpleCharger
PurpleCharger

Looks like the Haskell logo

Soft_member
Soft_member

@TurtleCat
No one cars about USA tax cucks.

Fuck of back to your 'freedom''

country full of brainwashed fuckwits I swear.

ZeroReborn
ZeroReborn

@MPmaster
Nav probably has intrinsic value to it even when it's in fukking node js

Crazy_Nice
Crazy_Nice

Join Crypto Traders Room on Discord here: https://discord.gg/qFXy2Q3

Here they discuss about altcoins, trading, and everything related to crypto. I find it really useful.

eGremlin
eGremlin

@PurpleCharger
thats what I thought, lol

Crazy_Nice
Crazy_Nice

https://www.linkedin.com/in/tristandagosta

It's a scam. The U.S. government should be investigating them and watching their every move.

Spamalot
Spamalot

@LuckyDusty
Yeah, sure... a scam.

That's why some people make 20x gains in 1 week.

SniperGod
SniperGod

@Crazy_Nice
implying the ones behind the scam aren't the government themselves
you are so naive user

RavySnake
RavySnake

@Spamalot
some people

Methnerd
Methnerd

@Crazy_Nice
How is this evidence of a scam?

@RavySnake
I don't get it?

Are you implying only the minority of pumpers/scammers get the money?

Carnalpleasure
Carnalpleasure

@LuckyDusty
If you stopped slacking off and worked together as a board then this would be a scam just for everyone else outside our circle.

Evilember
Evilember

@Carnalpleasure
chastises whole board
'our'

Why don't you do some work, faggot?

Flameblow
Flameblow

@Poker_Star

Wait wait wait, tax free? Is that just because it's not linked to your SSN and not recorded as capital gains? I'm curious to know about that as well because I trade in my free time on Polo and have grown from 1 BTC to 3 in the past month and a half but wasn't sure how to get around taxes.

whereismyname
whereismyname

@BunnyJinx
You can lose half of your money in a day on Poloniex dude. You will fuck up if you don't have a strategy. If you are just using the exchange to go long on some popular ALTs you might be okay....maybe. Otherwise you will be raped by volatility.

WebTool
WebTool

@Harmless_Venom
How can I know when random coins like these will make xx% returns out of nowhere? I miss the train every single day.

w8t4u
w8t4u

@WebTool

Would like to know also.

kizzmybutt
kizzmybutt

@WebTool
@w8t4u
I suspect that there are huge chat groups of massive holders of certain coins and they collectively decide when to pump and dump.

I also think that they can tell when I buy a coin and then chose to dump it.

RavySnake
RavySnake

@kizzmybutt
lol

is there a site more updated than polo? the charts there are lag

JunkTop
JunkTop

@VisualMaster
http://alunacrypto.blogspot.com/

Stark_Naked
Stark_Naked

@RavySnake
I like bitcoinwisdom

TalkBomber
TalkBomber

@PurpleCharger
Bitcoin is no where near being able to handle this number of transactions...

Currently, Bitcoin can process about 7 transactions per second... SEVEN. It takes up to an hour to process a transaction with its current small userbase....

Ethereum is by far in the lead in this area, with its new Lightning Network. They're showing off 100,000 transactions per second at devcon2, and say its capable of 1,000,000 per second.

Disable AdBlock to view this page

Disable AdBlock to view this page