/biz/ - Business & Finance

>>8802919

fuck you, let me carry these bags in peace. I had almost forgotten about this shit but every day you faggots bully

I genuinely feel suicidal.

>>8802919
the reptilian eyes of a killer

>>8802932
>>8802934
Will we ever get our money back?

>>8802947
It doesn't look like it.

>>8802919
I seriously wonder what guys like him are going to do?

I'd take my money and just bail - I hope he's smart enough to lay low for the rest of his life. There are some fucking crazy people out there, crazy enough to want and find the person who scammed them.

Best of luck to this kid.

>>8802919
Lol i lost all my money in this, went from $600 to 6K and then back to $300 and i was already planning to cash out all (Poorfag ofc)

Also my dog died the other day, until now this shit has been a total shit of a year,

>>8802964
I went from $25000 to like $1000.

>>8802919
I can't believe you not only fell for this obvious scam, but still haven't sold. Wtf man

>>8802981
What's the point of selling at this point, I've literally lost 90 percent of my money.

>>8802991
> what's the point of selling, I'm down 60%
> what's the point of selling, I'm down 70%
> what's the point of selling, I'm down 80%
> what's the point of selling, I'm down 90% <----- *you are here*
> what's the point of selling, I'm down 95%
> what's the point of selling, I'm down 99%
> BITCONNNEEEEEEEEEE

I can't believe how dumb people are. Each bitcoin fork got less and less worthwhile. Cash, Gold, Diamond, Private isn't anything special. It is going back to $2 where it belongs.

>>8802998
I don't even care about the rest at this point. I removed it from my portfolio and am pretending it never existed.

>>8803001
The shilling was unreal. The makret sentiment in december made it feel like this was really gonna work.

>>8803020
How much of your portfolio did you lose?

>>8802968
Fuck how much of your portfolio was that? I was all in, it was all i had, i felt great knowing my first investment in crypto even in a bear market was going so great, i was going to cash out to buy the only thing i wanted and now it's over.

Just why? why it couldn't just keep the price at idk $150 at least? Why? why it had to drop like that, fuck everything and specially me

>>8803008
Well that's an emotional reaction. From market perspective there is no difference between keeping $1000 of this shitcoin you bought 1month ago and throwing $1000 into this shitcoin today.
Mistakes happen. The best thing you can do now is take out whatever you have left and put it into something useful. Hell just take it out in fiat and buy yourself a nice dinner

>>8803020
It was all telegram fags shilling it. The exact same type of people shilling POWH clones. None of them were able to refute how much of a pump and dump it was.

I called it being the most elaborate pump and dump back in February. Too bad idiots rationalize anything negative about their coins as "FUD".

>>8803047
25 percent at the time, it was my bitcoin that I have been holding since 2015. Now with the market crash it's much lower. I barely have above that. I wish I just held onto my bitcoin.

>>8803035
~20%

Anybody that invested heavily in the fork is no smarter than the retards that got fucked by bitconnect.
I got called a fudder and poorfag when I tried to spread the truth throughout all the hype.

>>8802919
This faggot is DEAD

>>8803049
You seem genuine, but I would rather just blindly hold it and hope some magic happens and it goes up if it actually gets listed on an exchange. I don't know, looking more at the team, they seem like a joke, I feel more and more like it really was a scam, and I fucked up big time. I feel like crying typing this. Oh well. I deserve it I guess.

>>8803047
>>8803020
>>8803008
I'm genuinely curious
what was it about the project that had you believing it was a good idea to invest a significant amount of your savings?
and at what point did you realize it wasn't what you thought it was?

>>8803077
Just sell it as i did, i know it hurts because it mean it's over but just do it, if you don't you are never going to truly forget about it, sell them before it goes lower and forget all about this, it is what im trying to do.

>>8803096
I listened to retards on Twitter.

>>8803096
The shills always mentioned that every other bitcoin fork was trading at a high price and that if a shitcoin like bitcoin gold can trade for 200+ then surely btcp would. Also i bought in December when literally everthing was going up.
I started having doubts after the first conference so i sold half my stack but kept half in case something crazy happened.

what coin are we talking about??

>>8803112
piece of advice; don't listen to people who have something to gain by you acting a certain way. this extends to all financial decisions, especially crypto.

>>8803096
Tbh almost no one in crypto looks at whitepapers etc or even understand the tech, i just followed the hype like probably most people do here, it was good and i should have cashed out when i had the chance, i mean i went from $600 to 6k so it wasn't a bad investment i was just a greedy piece of shit.
And i didn't fall for the warnings because people said it was all a FUD and the only argument was 'muh scam' but there wasn't any real proof of that like Confido or Bitconnect etc etc, yeah it was a shitcoin but come on, a lot of shitcoins in this market are worth a lot only due to hype and i thought this was the case (well it was at $240)

Lol i remember back in 2016 when i made shilling pics about ETH when it was $3 just to joke around, then i left the board, never took crypto seriously, it is what it is i guess.

>>8803118
I think most of it was compared to Bitcoin Cash, back when it was $2000. That's why they said $1k easy.

Pretty hilarious looking back on it.

>>8803133
I learned my lesson. Now I'm scared about my future and suicidal, but, I don't see myself making a mistake like this again.

>>8803118
>>8803134
thing is with investments based on hype / speculation is that it eventually dies out, and there's no real way to figure out when that is when everybody is looking to do the same.
if you don't have something like an exit strategy your decisions are left to you emotions, and emotion is the worst possible investor. your happy when things are up so you want to buy more, scared when things go down and want to sell. ie buy high sell low.

I'd advise you to pull out of crypto entirely as well but convincing people is almost impossible when their financial understanding revolves around it

>>8803155
you'll be fine. I've spoken to people in real life who've come back from way worse.
speaking to supportive people and making a plan for yourself helps. I honesty don't know about continuing to entertain thoughts of instant riches.

Well at least I like y'all and you're all more reasonable about the likelihood of this scamcoin going to $0. Go take a stroll over to plebbit and look at how delusional the last bagholders are who were conned by this guy. It's a sorry state

>>8803193
>thing is with investments based on hype / speculation is that it eventually dies out,

Lol like almost every coin in crypto?, don't try to lecture me as if you really know what you are doing here, i know i fucked up but almost every coin here is based on hype, what happend to IOTA then? to VEN? RXB? etc etc etc, I should have cashed out at the peak and moved on, thats it.

>>8802919
Aye Props for keeping up the daily Reminder. Sometimes I get busy and forget

>>8802962
Wait, did he actually scam people? I thought it was just an elaborate pump and dump.

RHETTCONNEEECCCCTTTTT

I am writing this because of my obsession of justice and fairness. My previous post today was all about being positive. Anyone can or could choose to stay negative too. But some people started to call this project a scam which is a big allegation and it is not fair. So I wanted to write a response to those people.

To people who call this project a scam;

First of all, do you guys understand what is a scam? If someone offers a product and if some other people buy it, it is a business. And that is what happened in this case. BTCP team offered a product and some people (including me) have bought it. Before the fork and afterwards, free market determined the price and still does. BTCP team delivered the promised product. They didn't steal anyone's money, zcl or btc. They kept their promises. Yes, they are behind when it comes to exchanges but it is not entirely their fault. They applied but the rest is up to the exchanges and once again, the exchanges are being managed very poorly. I am wondering which part of all this is a scam?

Calling someone a scammer is a big insult. If you guys stand behind such a defamation, find an attorney and sue the BTCP team. I'm pretty sure that a lot of lawyers will be very interested in your case. In addition to that, media and politicians will love it too. Calling someone a scammer multiple times doesn't make that person a scammer.

>>8804033
Before calling some people scammers, understand the fundamentals of business/free market instead of patronizing other people and giving them financial advices such as "sell your btcp and move on". We may lose more money at this or we may make more but this is simply business. It was your decision to invest in BTCP as well as mine. Just because the free market didn't meet your expectations until now, you can't call some people scammers.

What you guys do is not just or fair. This is wrong against these people. I don't know any of them but I understand how frustrating it must be to read some people calling you a scammer.

To @heyrhett and the BTCP team;

If you guys believe in what you are doing, don't even be bothered with what these people say. If I were in your shoes, I would be mad like hell but I would work 24/7 until they simply shut up and maybe apologize if they have some kind of a spine or morality. I would take bold steps and do crazy stuff. I would even go to China and knock on Binance's door. Because being called a scammer without any ground is not fair and it is purely irritating. It would make me furious but I would use that frustration as a motivation tool. So simply just prove them wrong.

And to the BTCP community;

Don't listen to these baseless slanders. Sorry for such long posts. Keep having a great weekend.

Btw, this is my second post in one day anywhere first time ever. What an achievement for me!!!

ROGER VER PAID THE EXCHANGES 100'S OF MILLIONS OF DOLLARS TO KILL THIS PROJECT!

>>8804033
>>8804041
You think people will get lawyers? Keep dreaming. Any retard who bought the coin knows that is a case they could not win.

Instead, they would pay money to do some gangster shit if the cost in doing that would get the results they wanted.

What kind of people do you think were attracted to crypto in the first place? Good luck.

Can someone give me a meme-up 4chan version of the story? Greentext if it's funnier. I scanned through the first dozen hits on Google and there's nothing about Rhett getting free money from dumbfucks.

>>8804090
Well the TLDR is
>Zcash {ZEC} is created with a 20% dev fund.
>Rhett forks the code and launches Zclassic (ZCL).
>It ends up getting abandoned.
>Rhett ends up launching two other coins including Whalecoin that also end up abandoned.
>In early December he announces Bitcoin Private, A fork of both Zclassic (ZCL) and bitcoin. Bitcoin with added privacy. ZCL is trading under $2 and the holders of each token get as much BTCP as the holders of BTC. The price increases 12,500% in less than two months to $250 before the fork.
>Everyone thinks they are getting a huge discount on the next new Bitcoin fork.
>Fork happens and there is basically no hype or exchange support.
>Basically opens at around $60 and has been dropping for the past month.

I think it is back to $16 today

>>8804090
Tl; dr: 2 huge volume spikes in ZCL, a shitcoin all but dead and buried (first one Rhett, the other one the team/insiders). BTCP fork announced, ZCL starts climbing. Retards think because it has Bitcoin in the name, normies will eat it up. But we're in 2018 now so Bitcoin is synonymous with scam, Ponzi, fad etc for normies. BTCP is basically ZCL with 3 lines of code removed so no one in crypto wants it either. The shitter launches, Rhett and gang have cashed out their ZCL by now. It trades up to $800 on KuCoin despite being unlisted. Then it just keeps crashing, no serious exchange wants to touch this obvious scam and so it's confined to shit tier exchanges like TradeSatoshi with a total volume of bout tree fiddy. Even the delusional retards at Reddit are losing all hope.

Kinda funny how 90% of the people holding after the fork don't realise they got pump and dumped. They blame exchanges for not wanting to support their shitty "fork".

As far as I can tell they forked ZCL, changed the name, and air dropped bitcoin holders. That's it. Somehow it should be worth tens of billions of dollars.

>bought zcl back in sept/oct

if anybody would wish to hear a slightly different perspective with this whole debacle I can offer my story:

You have to understand first how i even came across this coin, for those around it was when forked coins were hyped up especially with bitcoin cash doing so well, i remember typing into google "forked zcash coins" and came across Zcoin and Zclassic,

there were literally 2 videos on youtube when i found this coin each with about 1k views. i remember thinking even the guy explaining how this coin works did not sound optimistic about the price, and i can assure you NOBODY expected it to go as high as it did.

Keeping all this in mind, throughout the whole hype surrounding the fork it was so obvious to me that this fork had been priced in months ago. In my mind when i saw this coin it was valued at 1.72 and was never worth more than $30 a coin and still isnt

i think being a somewhat /oldfag give you more perpective on a particular coin. There was virtually no community when i joined it with virtually no expectations and all of a sudden its the next big thing and everybody is talking about it how rich it is going to make them...

if i can give you a shred of advice it is, dont find projects with hype surrounding them, you need to dig one level deeper and uncover stuff on your own. If you do that then one day you might find that perfect project, that gem which you just know is going to be something big. At which point you All. fucking. in.

>>8804408
Your timeline makes no sense. It was bought up in mass before Rhett ever announced BTCP

>>8804498
i dont get it. why would rhett make an announcement about the performance of a coin? He should have literally zero care for the price of it, and should only care about the tech behind it, should he not?

>>8804521
>btcp
>rhett
>tech

>>8804521
>He should have literally zero care for the price of it, and should only care about the tech behind it, should he not?

Unless he wasn't interested in being a developer and more interested in a quick 2 month pump and dump.

>>8804526
yeah, I just googled him and apparently he's a blockchain software engineer so he should be involved in its tech side only unless he has dual responsibilities in that coin's team. such as marketer/engineer or something.

>>8804541
I guess copy and pasting now a days counts as an engineer.

>>8804541
>btcp
>tech side

I lost 500$ with this, hopefully in the next bullrun can make back half of it.

>>8804628
Cut your losses dude... It can get so much worse

I dont feel bad for any of y'all. I begged you to sell pre-fork in like 25 threads. I was continually told to stay poor and see you when it is $1000.

>>8804498

read the top of my post you idiot i said i bought zcl back in september/ oct the order book was tiny back then and there was no such thing as a fork i was one of the first whales in this shitcoin

>>8802919
thank fuck i sold all zcl before the fork. even sold some for 0.02

rip to those who bought my bags

I'm going to kill myself.

Fucking lucky I dumped 90% before the fork. Blockfolio was showing btcp at 80 dollars for the whole month due to a glitch. Just checked the price.. holy fuck

>>8804753
May I also add the following. Privacy features of btcp are not enabled by default and only about 5% of zcl and zcash transactions are privacy enabled. It takes a fuckton of hashing power to mine them. That said the Roger Ver fud sounds plausible.

>>8804800
>That said the Roger Ver fud sounds plausible.

You're joking right? No one care about this coin, it's a complete joke.

Someone needs to make a bitcoin private video like the bitconnect ones on youtube