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gonzo21 January 18 2018, 12:38:39 UTC
The Bitcoin bubble seems to me very much like the dozen or so big players who control most of the bitcoins in the market decided it was time to cash out, and collect all the money of the small mom and pop investors who have been pouring their savings into digital currencies over the last 5 or 6 months.

And now they've sucked up all that money, they'll use it to buy back the bitcoins, igniting another bubble, presumably hoping more mom-and-pop investors will pour yet more money in, so they can do another cull in a years time.

Reading about Bitconnect though. Quite how anybody thought that wasn't a ponzi scheme, I do not know. They were promising like, 40% returns on your cash investment per month. Of bloody course they've gone belly up and vanished with everybodies money.

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andrewducker January 18 2018, 12:48:34 UTC
I heard that BitConnect were even using a pyramid on their website...

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gonzo21 January 18 2018, 13:02:14 UTC
It seems fascinating the way they operated their Ponzi, recruited lots of 'digital influencers' on the old social medias, got lots of people with lots of followers to post referral links, and rewarded everybody with free coins and giveaways and just-keep-giving-us-your-money.

And nobody seems to know the identity of the person running the site. Just the front-men and women on youtube and facebook who were leading the recruitment. Who will almost certainly be the ones getting their collars felt by the cops soon.

The really amazing thing is their worthless 'coin' seems to be gaining in value, as somewhere somehow people are still buying it.

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andrewducker January 18 2018, 12:49:19 UTC
And if you think there'll be another bubble in a year then it's time to buy!

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Acid channelpenguin January 18 2018, 13:37:28 UTC
I had "reality failures" that sound similar to what she describes when she talks about "stop buying into the story because all you see is the movie set." well before I ever tried acid (and that was only a dozen times over a few years over 25 years ago). Still do. Being uninvested in "reality" is also an frequent issue for me - I am also less and less bothered by things as I get older and it is harder to get motivated.

I have never been all that good about pulling the wool over my own eyes. Life seems to go better for those that can. Oh well.

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radiumhead January 18 2018, 13:48:51 UTC
ive done acid. maybe a dozen times? Last time was like 1991 or something.

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radiumhead January 18 2018, 13:54:07 UTC
i always wondered if acid fucked me up somehow, like id have a normal life if i never did it. But i think the way i am is because of chronic depression/anxiety that existed before the acid

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