Bitcoin, Litecoin, Peercoin, or DASH = It is all unfounded speculation. Just as crazy as it was in 2014 by intelliguy

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cryptocurrency · @intelliguy · Mar 21 '17 (edited)

$10.74

Bitcoin, Litecoin, Peercoin, or DASH = It is all unfounded speculation. Just as crazy as it was in 2014

<html>
<h2>SHARKS ARE SUCKING UP YOUR MONEY, and most people don't even realize it!</h2>
<p><img src="https://s7.postimg.org/9c4quwhaz/popular_chains_not_adopted.jpg" width="613" height="345"/></p>
<h2>In 2014, every new coin, on bitcointalk had promise. We had excitement, mining, ICO's and people pouring money in the early days.</h2>
<h3>DASH, which most people don't know, was Darkcoin when it was born.&nbsp;</h3>
<p>Problem was, it had an instamine. Which means the coin wealth was not distributed fairly, and the creator of the coin got quite wealthy in the very beginning, and should the coin go somewhere, he was guaranteed to get a profit.</p>
<p>Worse yet, if you want to pump your own coin, you could feasibly buy/sell to yourself on exchanges with a bot, just paying exchange fees to artificially pump the price. It is more economical to pay exchange fees to do that, and sell to the newbies who are dumb enough to buy.</p>
<h2>Look at this post, and read what it says:</h2>
<p>Darkcoin/DASH is a scam</p>
<p>https://bitcointalk.org/index.php?topic=995710.0</p>
<p>QUOTE:</p>
<blockquote>&nbsp;2+ <strong>million </strong>Darkcoin/DASH were instamined &nbsp;</blockquote>
<p>The entire cryptocurrency community changes their investments to whatever is trending, based on what coinmarketcap.com says without any regard of whether or not the coin was built to stay for the long term.</p>
<p>Fast forward about 500 new coin ANN scams...</p>
<p>It is apparently easier to create a brand new coin than it is to go buy cheap coins from an existing chain and develop on a solid base.<strong> Re-inventing the wheel </strong>is more profitable for coin developers, and that is sad.</p>
<p>Dash right now when I first started typing this post, was worth &gt;$98, it went as high as $117</p>
<h1>Now let's think about this.. there are over 7 million DASH in distribution. &nbsp;You buy one for $100, you own this unique item which is 1 out of 7 million.</h1>
<h3>If you owned a 1914 Babe Ruth baseball card, you could fetch $500,000+ USD for it.</h3>
<p><img src="https://s1.postimg.org/juzw3g8a7/babe_ruth_1914.jpg" width="249" height="349"/></p>
<h3>Dash, with 7 million Babe Ruth baseball cards in circulation, and you owning one, how valuable could that be?</h3>
<p>Your single DASH coin, vs that other guy's single DASH coin, with 7 million out there, isn't rare. It's not scarce at all.</p>
<p><img src="https://s9.postimg.org/hkrq2ph33/dash_logo.jpg" width="233" height="59"/></p>
<h1>So what do we learn from something like this?</h1>
<p><strong>Most people will buy *anything* that is pumped and growing in value, without any concept that the sharks who pump it, know where the top and the bottom is...</strong></p>
<p>Should you buy a coin getting pumped because of the price? Or should you invest in something because of the technology behind it?</p>
<p>I'm not suggesting the DASH system is worthless. There is plenty of good technology behind DASH.</p>
<p>However, if there was a premine, (I'm sure 100+ dash supporters might show up and explain why it wasn't possibly premined)....</p>
<h3>The point is... if any coin (including Bitcoin) gets overpumped, it is the pump chasers that stand to lose. &nbsp;Where it's going now, and where it's going to end up, is already known by the huge whales and sharks that play everyone.</h3>
<h3>If you invest in shark fested waters, and get eaten by shark, don't say no one warned you.</h3>
<p><img src="https://s27.postimg.org/bazj8uodf/angryshark.jpg" width="320" height="175"/></p>
<h2>Cryptocurrency today is shark invested waters. &nbsp;</h2>
<h2>People buy, sell, and day trade all the time. The problem is that the market makers have more money to play with than most people do.. &nbsp;If they want to pump a coin and dump it, they will.</h2>
<p>My advice to all cryptocoin holders is to only invest in the technologies you trust and believe in to make it long term. If you trade based on current price alone, <em><strong>you become shark bait. &nbsp;Watch out.</strong></em></p>
<p>Two shameless examples I'll give are these two:</p>
<p><em><strong>* Peercoin</strong></em></p>
<p><em><strong>* Bitshares</strong></em></p>
<p><strong>Both of these are currently undervalued in my opinion, and the sharks don't pump and dump them very often</strong>. Instead, they're solid investments that they hold long term. Instead they pump and dump every other trending alt out there, while building their wealth in more stable currencies like the two I mentioned.</p>
<p>I'm ready for tons of people to argue with me about this point. &nbsp;The comments will probably show it too. &nbsp;I said what I think is happening, and if you can see the writing on the wall this way, maybe you can avoid falling into a shark trap.</p>
<p>Good luck.</p>
<p>* Any cryptocurrency technology should be valued on what it can do, will do, and its future direction.</p>
<p>* Any cryptocurrency technology should *<strong>NEVER</strong>* be judged on today's trading price as an indicator of its future.</p>
<p><em><strong>DISCLAIMER</strong></em></p>
<p>These are my thoughts and not investment advice. If what I said makes sense to you, then I'm just validating what you already suspected might be true. &nbsp;If you're a shark, a troll, or a flamer.. go ahead and make your case to whomever might listen. :)</p>
<p>The purpose of why I wrote this, is to explain what I perceive is market manipulation with cryptocurrencies by skilled Forex traders who play in cryptocurrency markets to prey on the weak. &nbsp;Many of you may read this post. Don't get upset if someone like myself gives some advice to the newbies who enter this space. :)</p>
<h2><strong>P.S.&nbsp;</strong></h2>
<p>There are some huge steemitwhales (without mentioning any names) who are heavily invested in dash. This single controversial post will probably yield me some downvotes. Not based on the content, but based on the conflict of their interest on Dash price going to the moon :)</p>
<p>When I decided to write this piece, I decided to do so, based on what I thought someone should have the guts to say. If I'm wrong, then I'm wrong. &nbsp;If I'm right... well... don't say I didn't tell you so ahead of time. :)</p>
<p>---------------------------</p>
<h2>I'm @intelliguy - follow me if you like to hear my thoughts. &nbsp;I'm the type who says what needs to be said, and those few who like the raw truth get it here. :)</h2>
<p><br></p>
</html>

👍 benjojo, fuzzyvest, pfunk, officialfuzzy, innuendo, chryspano, good-karma, aurel, penguinpablo, slowwalker, engagement, timcliff, rgingery23, gringalicious, thecyclist, humanearl, elgeko, hilarski, fyrstikken, strangerarray, intelliguy, shadowspub, blacktier, oldstone, brindleswan, darkflame, sunscape, elumni, cryptogee, dman57, inphiknit, ambyr00, ogochukwu, runridefly, breezin, trans-juanmi, proctologic, pheonike, berniesanders, sethlinson, sqube, mysteem, steemprentice, artemisnorth, karenmckersie, seablue, reisman, steem-meme, barrydutton, jamesjarman, richardcrill, mindhunter, rckymaulana, evildeathcore, virtualgrowth, riskdebonair, whatageek, eralepepon, roma-nt, ladram, juliosalas, ubg, forrestwillie, steemitguide, and 41 others
👎 remlor

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@humanearl · Mar 21 '17

Your boldness is necessary. You've summed up exactly how I feel. I see so many chasing the new shiny coin on the block to make a quick buck. Lots of folks don't even know what they're actually investing in. I stick with investing in ideas that I believe will benefit the world not just make me tons of dough.

👍 katyclark

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@intelliguy · Mar 21 '17

$0.07

Thank you for sharing that... I really thought me expressing myself was the end of me on steemit. I wasn't sure if anyone shared the same mindset.  I am deliberately non-controversial in general. But this time, I just couldn't watch it anymore and say nothing. :)

👍 humanearl, katyclark, cambocleve

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@katyclark · Sep 9 '17

Yes, for that reason, when I read that Verge (XVG) operated on Tor....it sent shivers down my spine, I thought, a dark web for vile creatures....

👍 katyclark

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@intelliguy · Mar 21 '17

Writing this was like a public service announcement. I hated myself for daring to do it. :)   I felt strongly enough to explain why everyone just keeps chasing dreams on getting rich on chasing coinmarketcap.com trends.  I've done it too, been there done that, and in the end, I've always lost. No one explained things, and I had to find out the hard way.  This is free advice (not investment advice).. just free advice. :)

👍 intelliguy, katyclark

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@katyclark · Sep 9 '17

Love what you wrote. I just bought Peercoin, because I was thinking, it's about to hit the roof - go to the moon, whatever, and it's priced at AUD$2.20 today (less in US$, so don't anyone get too excited). I read about PPC ages ago, and thought, sounds good, but it got dumped - and you think, ho-hum.... One thing I got to say, though, I came across your post because I searched "Peercoin" in steemit, and you have mentioned Peercoin in your post under, "Two shameless examples I'll give are these two: Bitshares...[and]...Peercoin" - so I was a bit shocked, but read on, and your meaning was actually the opposite to what a cursory glance would suggest - you meant, Bitshares and Peercoin are the opposite to what you are condemning in your post. Absolutely love what you have posted...following you now - love the voice of reason.

👍 katyclark

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@kaitlynmoore01 · Sep 30 '17

Good points in this blog.  I was about to post a similair thread. No matter how populair a coin is. People should always do a proper background check. It surprises me how many coins are out there that don't have their basics right.  Do you know this interesting site? https://www.coincheckup.com The site is my go to place for  crypto investment analaysis and indepth coin research.

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@live2love · Jun 20 '17

thanks my buddy and I were just tonight discussing the coins out there with fancy sites and a lot of promises but no function

👍 live2love, katyclark

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@katyclark · Sep 9 '17

I call them Pokemon :-) or crypto critters, LOL !

👍 katyclark

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@orizon · Jan 31 '18

Sure, spending your life savings on PEERCOIN might have been the best thing you’ve EVER done…

But you made the bought PPC, you did it with one thing in mind… SHOOTING FOR THE MOON.
PPC has that 10X factor, which you will have to when you wear this shirt in public. You will get the attention of others HODLing PPC, and their girlfriends.

This comfy 100% cotton shirt can be shipped out in a few days

Check it out - https://shirtspice.com/collections/cryptocurrency-t-shirts/products/peercoin-boom-to-the-moon-shirt

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@salinapate011714 · Sep 20 '17

Good points in this post.  Nice to see I'm not the only one who thinks like this. In my opinion blockchain is here to stay. A proper investment for the long term. We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). I found this great website: https://www.coincheckup.com I'm using this site that gives in depth reports on every tradable cryto in the market. Check: https://www.coincheckup.com/coins/Peercoin#analysis To check  Peercoin Investment and research analysis.

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@virtualgrowth · Mar 21 '17

I'd like a crypto that represents rare collectibles.  Maybe I will explore that idea more someday.  Many good points that I agree with in your philosophy.

👍 katyclark

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@katyclark · Sep 9 '17

Virtual growth - please start a thread, or a cryptofund, under "rare collectibles", following you....

👍 katyclark

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