/biz/ - Business & Finance

>>10243301
>>10243344

>Pajeets claimed that the shit you dig up while mining it has magical powers and will make you rich
>Pajeets than said that since everyone was allowed to dig at the same time this would not make it a fraud anymore but totaly fair and honest.
It was just a stupid selling point. Thats it.

>>10157863

Both coins serve no real world purpose and there is no final buyer for any of those. People who buy any of those for practical applications without any intention of investment simply do not exist. Everything is based on speculators speculating to sell these to other speculators at a higher price who in turn try to do the same. It all works on greater fool theory and will eventually die.

I would sell both and buy something else. There is nothing that stops you from buying something that can justify its own existence.

>>10134936

I have trouble believing that many /biz/tards still fall for shitcoins like these and that these shilling operations are very profitable. I am now starting to think that spaming these threads might serve a different purpose even if those Pajeets here do not seem to be aware of it.

>>10083368
>>10083461

In some cases he will load up on some unknown coin or mine it for a prolonged period of time before he starts shilling someone else’s project. In most cases however this new coin is just a copy of another already existing coin under a new name. In this case he will just recycle everything from his previous scamtoken or steal the code and whitepaper from another project or even another Pajeet. In fact he has to steal since he has usually only rudimental skills in programming and is thus unable to create any software of any value on his own. This is also the reason why he so seldom delivers on any promises of his coin. This type of behavior has now become almost second nature to him and he has no desire of ever changing himself.

But suppose now that the Pajeet eventually gets his coin listed somewhere or that he actually delivers on some obscure useless feature. This will however still not change the fact that his shitcoin is no use to anyone. At this point everyone involved knows that everything is based on greater-fool-theory and everyone is hoping to sell his bags to someone else. After the event everyone will try to sell his bags to everyone else who is trying to do the same. Thus the ideal moment to sell your bags is always before the event at peak hype when the Pajeet is selling his coins to you.

>>9986868
>>9986883
>>9987001
>>9987052

It’s not only that the Pajeet lacks morals and higher aspirations but also the very intelligence to understand such concepts. In particular he is oblivious toward the concept of value. Whenever you ask him about the fundamentals of the coin he can only give you features.

Example:
>Pajeet: My shitcoin will be listed on some ABC-exchange
>Pajeet: My shitcoin has only 1$ market cap
>Pajeet: My shitcoin has feature-X
>real human: how does this change the fact that this is still a shitcoin?
At this point the Pajeet only understands that some criticism has been uttered but he does not understand the nature of the critique.
>Pajeet: Pajeet detected. Stay poor you shill. Feature-Z is the future.

To him there is no difference between something of real value and useless but flashy junk. To him the imitation of fundamental utility is as good as the real thing. At some point I was even asked by a Pajeet who started a thread on what I thought real fundamentals were.

>>9972369
>>9972402
>>9972413

There are many reasons to hate this coin. But the most important point is that real investors with real money hate it too.

>>9620535
>>9620841

>remember me